Author: NBTC
Meme coins’ hot streak cooled dramatically in Q1 2025. This sharp drop happened as investor interest faded and a major scandal hit the highly speculative market. CoinGecko’s Q1 report cited the main trigger: LIBRA’s sudden collapse. When this political meme coin tied to Argentina’s President Milei imploded, the fallout caused activity on Solana’s Pump.fun platform to drop over 56.3% from its January high. What Fueled the Initial Meme Coin Surge? Political hype fueled the early 2025 meme coin surge. Specifically, the launches of official TRUMP and MELANIA tokens created a major frenzy on Solana. This activity peaked with a record…
The Supreme Court of India has been heavily criticized for not having a clear regulatory framework for digital currencies. The Court claimed that Bitcoin trading in India is similar to a more sophisticated version of the Hawala system The Supreme Court of India has contrasted Bitcoin trading in India to a more lustrous form of Hawala on May 5. Talking about Hawala, it is an illegal money transfer system.The Court further condemned the Centre for not having clear rules for digital currency till now. As per the reports from PTI, Shailesh Babulal Bhatt was arrested by police for reportedly doing…
American Bitcoin mining company, CleanSpark, has released its unaudited operations update for April 2025, showcasing continued strength in both production and strategic positioning as it prepares to hit a major hashrate milestone. In April 2025, CleanSpark produced 633 bitcoin, contributing to a calendar year total of 2,589 BTC — a reflection of the company’s operational efficiency and consistent output. The company reported an average daily production rate of 21.1 bitcoin, with its highest single-day yield reaching 22.98 BTC. By the end of the month, CleanSpark’s total bitcoin holdings stood at 12,101, of which 1,894.4 BTC were designated as collateral, underscoring…
At 9:45 a.m. Eastern time, bitcoin is holding steady with a price of $93,810 on April 27, 2025, commanding a market capitalization of $1.86 trillion, with a 24-hour trade volume of $15.71 billion. Trading within an intraday range of $93,780 to $95,115, bitcoin’s price action on Sunday showcases a tightly contested battle between bulls and bears, setting the stage for its next major move. Bitcoin On the daily chart, bitcoin (BTC) exhibits a strong bullish trend after breaking free from a prolonged downtrend, finding significant support near the $74,434 level. Volume activity has increased notably since mid-April, indicating renewed buying…
Decentralized finance (DeFi) firms IntoTheBlock and Trident Digital have merged to form Sentora, joining forces to bring institutional investors onchain. The new company, helmed by Anthony DeMartino, co-founder of Trident and former head of risk strategies at Coinbase (COIN), is also on track to close a $25 million founding round with New Form Capital leading the investment. Ripple, Tribe Capital, UDHC, Joint Effects also participated in the fundraising round, with further backing from strategic ecosystem investors including Curved Ventures, Flare and Bankai Ventures. While most investors have already closed the investment, two firms will close the process by June, the…
The sUSD, an EOS-based synthetic asset, has tumbled to $0.77, raising eyebrows among investors. This depeg occurs after new changes were made to the Synthetix protocol, aiming to enhance capital efficiency. The recent decline in the price of sUSD has called into question the credibility of decentralized financial systems. At the start of April, sUSD had a market capitalization of $30 million. As of press time, it had reduced to $24.5 million. This depeg has sparked significant concern in the market, as several investors have adjusted their positions due to the depeg. SIP-420 and sUSD Issues sUSD is an anchored…
Coinbase CEO Brian Armstrong says congress needs to quickly advance its stablecoin and market structure bills amidst the FIT21 momentum, hoping to have both passed before August. In a recent post, the Coinbase CEO called for immediate action from congress in advancing its stablecoin and market structure draft legislations. He believes that the momentum built through the discussion surrounding FIT21’s momentum in the House will propel the bill further. FIT21 or Financial Innovation and Technology for the 21st Century Act is a bill in the United States that aims to clarify the regulatory framework for digital assets, particularly cryptocurrencies. It…
Investment bank Compass Point downgraded MARA Holdings (MARA) to a sell rating from neutral on Tuesday, citing unsustainable cash burn. “There’s better ways to get BTC beta,” analysts wrote in the research note, pointing to Marathon’s hash price, now below 5.5 cents, as a signal of declining profitability. At current operational levels, Compass Point estimates the company is facing significant cash burn that could lead to shareholder dilution. The bank also slashed MARA’s price target to $9.50 from $25, suggesting more than 25% downside from the current price near $13. Marathon’s business relies on bitcoin mining, a process that earns…
On the verge of a failure, Solana is displaying some concerning indicators. SOL has now lost momentum following a robust rally in April precisely at a crucial resistance level: the 200 EMA, which is at about $162. Bullish and bearish trends have traditionally been separated by this level, so the recent rejection raises questions about the future of the altcoin. SOL’s price action indicates that it has failed to sustain its upward trajectory. Buying pressure appears to be rapidly descending as evidenced by the obvious breakdown below the ascending trendline support that sustained the rally from late March to the…
Get ready, decentralized finance (DeFi) enthusiasts! A significant development is unfolding in the crypto space that promises to expand the reach and capabilities of one of the largest lending protocols. The Aave community has cast its votes, and the outcome is a resounding ‘yes’ for a major expansion: the deployment of Aave V3 onto the Aptos blockchain. This move is set to bridge two prominent ecosystems and unlock exciting new possibilities for users and developers alike. This decision, reached through the protocol’s decentralized Aave governance process, marks a strategic step for Aave as it continues its multi-chain expansion strategy. For…