Author: NBTC

MicroStrategy’s net asset value premium hit 2.5 times it’s bitcoin holdings, which is the highest since February 2021. MicroStrategy increased its “Bitcoin Yield” KPI to 5.1% from 4.4% in Q2 2024. The company’s aggressive accumulation strategy means the premium could continue for the longer term. Disclosure: The author of this story owns shares in MicroStrategy (MSTR). Shares of self-described Bitcoin Development Company MicroStrategy (MSTR) continue to advance relative to the price of bitcoin (BTC), expanding the premium to the value of its holdings to the highest level in more than three years. The company’s so-called net asset value (NAV) premium…

RippleX, the development arm of Ripple cryptocurrency juggernaut, is teasing a new XRPLGrants AI Fund that will support new projects seeking to make a breakthrough in the areas of artificial intelligence and blockchain. In a recently published tweet, the company announced an upcoming info session that will take place on Oct. 2 via the Zoom app. The tweet states that this session will cover XRPL grants, give an overview of the AI Fund and provide details on application requirements. It will also include a session of questions and answers. No more details have been shared so far. Want to build…

Notifi, a prominent platform offering decentralized notification facilities, has disclosed an exclusive integration with ZeroGravity Labs (0G). As per Notifi, this collaboration plays the role of a noteworthy move in the evolving AI and crypto landscape, targeting back real-time notifications for the innovative platform of 0G, which has created the earliest Decentralized AI Operating System (dAIOS). The platform took to social media to provide details about this development. 🔔 Integration Alert 🔔We’re thrilled to announce our latest integration with @0G_labs, the world’s first Decentralized AI Operating System, designed to manage distributed hardware resources such as storage, computation, and data availability.https://t.co/C2eLb6CzM8…

On Thursday, bitcoin (BTC) soared to a peak of $63,882, marking a 7.8% increase against the U.S. dollar over the past month. During this same period, approximately $6.36 billion worth of BTC was pulled from crypto exchanges, hitting levels not seen since early November 2018. More Than 100,000 Bitcoin Removed From Digital Currency Trading Platforms in 30 Days Bitcoin is making strides as the week wraps up, following the U.S. Federal Reserve’s rate cut on Wednesday. The price hit an intraday peak of $63,882 per coin, its highest point since Aug. 26, 2024. Over the past month, bitcoin has performed…

Ethereum’s recent failure to reclaim the multi-month descending channel’s middle threshold of $2.6K has resulted in a significant rejection, signaling a possible continuation of the downtrend toward the mid-term $2.1K support level. By Shayan The Daily Chart Ethereum’s price movement on the daily chart reflects a bull trap. After briefly surpassing the $2.6K resistance, the price quickly lost momentum due to intense selling pressure, leading to a 15% drop. This rejection underscores the dominance of sellers in the market, as ETH failed to reclaim this critical threshold. Adding to the bearish sentiment, a “Death Cross” has occurred, where the 100-day…

Aethir, a decentralized graphics processing unit (GPU) cloud computing provider, has announced the launch of the $100 million Aethir Ecosystem Fund to accelerate innovation in AI and gaming. The initiative, which includes the Aethir Catalyst program, is designed to provide startups and enterprises with access to high-performance GPU resources. The fund will distribute 336 million ATH tokens over the next year, with an equal focus on AI and gaming projects. Daniel WANG, CEO of Aethir, said the $100 million fund will address the needs of startups and enterprises trying to access high-performance GPU resources. The Aethir Catalyst program is the…

Whales, known as big investors in the cryptocurrency market, significantly affect the market and prices with their movements. While smaller investors closely follow the altcoins that whales trade, cryptocurrency analysis platform Santiment announced the altcoins that whales have recently started to show particular interest in. Accordingly, Santiment announced that whale activity has increased in 10 altcoins with a market value of more than $ 2 billion in the last week. In the list of 10 altcoins, popular altcoins such as Injective (INJ), Wrapped Bitcoin (WBTC) and Shiba Inu (SHIB) stood out. According to Santiment data, the biggest increase in whale…

Los Angeles – Nova Labs, a trailblazer in decentralized wireless communications, has joined forces with American Bandwidth (Ameriband), a leading provider of Wi-Fi infrastructure, to integrate Ameriband’s extensive network of over 100,000 enterprise-grade access points (APs) into the Helium Network. This strategic partnership is set to expand Helium’s coverage footprint across North America almost instantly, equipping it with mini cell towers that enhance connectivity for users and mobile carriers alike.—Bridging Traditional Infrastructure with Decentralized NetworksThe collaboration signifies a monumental leap for the Helium Network, which leverages a unique crypto incentive model to empower its users. By creating a bridge that…

Bitcoin’s (BTC) spot volume hit $16 billion on Sept. 18 following the US Federal Reserve confirming a 50 basis point interest rate cut. According to FalconX head of research David Lawant, the high volume paired with the liquidity setup shown in the past six months could be a sign of impending high volatility. ‘Coiled spring’ Lawant noted that the current spot volume is nearly 30% higher than the daily average during August, which indicates that liquidity is significantly stronger during periods of recovery compared to sell-offs. He echoed the sentiment recently shared by Bitwise CIO Matt Hougan, saying that liquidity…

It has been almost three months since the launch of the exchange-traded funds tracking the performance of the second-largest cryptocurrency, and CryptoQuant decided to observe the differences between their inflows compared to the data from the BTC ETFs’ initial days. The numbers don’t lie, and they clearly rule in favor of BTC. ETF Battle Between BTC and ETH Although the highly anticipated bull run in this halving year has yet to transpire, 2024 will go down in the history books as the one when two cryptocurrencies received massive validation by US regulators by having their own ETFs. Naturally, Bitcoin led…