Author: NBTC

South Korea’s leading cryptocurrency exchange Bithumb has announced that Cardano (ADA) deposits and withdrawals have been temporarily suspended due to an upcoming network hard fork upgrade. Bithumb to Temporarily Suspend ADA Deposits and Withdrawals for Network Upgrade The suspension aims to ensure stable deposit and withdrawal services for users during the transition. Key Details Affected Asset: Cardano (ADA) Suspension Start Time: January 29, 2025 (Wednesday) at 18:00 Suspension Reason: Network upgrade support and system maintenance Estimated Upgrade Time: 30 January 2025 (Thursday) at 06:45 Deposit/Withdrawal Restart: Services will be restored with a follow-up announcement by Bithumb once network stability is…

OpenOcean now supports Sky Ecosystem on Ethereum and Base, enabling efficient trading of USDS, sUSDS, and USDC across multiple blockchain networks. Sky Ecosystem, formerly MakerDAO, is migrating MKR to SKY, aiming for a seamless transition with a 24,000 SKY per MKR wrapper conversion. OpenOcean, a prominent aggregator for digital asset trading, now officially supports Sky Ecosystem on the Ethereum and Base networks. This choice gives users more chances to effectively trade USDS, sUSDS, and USDC tokens. Easier Access to Sky Ecosystem The support of OpenOcean for Sky Ecosystem opens the path for more traders to reach further depths of liquidity.…

The past week has seen a pronounced shift in the level of optimism around Ethereum. Across sequencing, interoperability and consensus development, teams are working under wartime conditions to standardize, consolidate and deliver on Ethereum’s rollup-centric roadmap. The urgency isn’t just about speed, but about coordination: making sure the protocol evolves in a way that’s both extensible and durable. That was the message from Optimism’s Ben Jones, Ethereum Foundation researcher Justin Drake, and others on a recent developer call. Although superficially gathering to chat sequencing and preconfirmations, the call was primarily an exercise in ecosystem alignment. That spirit has carried on…

VC funding in January is on track to grow by 100% compared to the same month in 2024. To date, deals amounted to $1.14B, the usual pace for the most recent successful quarter. Crypto VC deals continued at a higher baseline for the first month of the new year, extending the growth from the last quarter of 2024. In January, VC funding to date reached $1.14B, on track to post 100% growth compared to January 2024. The data varied based on the inclusion of crypto deals. Funding included a mix of seed rounds and advanced-stage inflows, with undisclosed rounds producing…

The meme coin known as Official Trump has skyrocketed in value since its launch on Jan. 17, reaching $38.31 at last check Sunday — one day before the U.S. presidential inauguration. The cryptocurrency (TRUMP), which President-elect Donald Trump launched as an homage to himself, is quickly gaining traction in the digital asset space, with trading volumes surging on major platforms like Binance and OKX, where it is listed. The coin’s rally reflects a growing appetite for meme coins backed or launched by famous individuals. The downside is that these types of assets often experience speculative booms due to their viral…

Kazakhstan plans to expand legal crypto operations, with president Kassym-Jomart Tokayev calling for urgent changes to improve the country’s infrastructure for digital assets. With the U.S. government becoming more crypto-friendly, Kazakhstan‘s president Kassym-Jomart Tokayev is pushing for a fast expansion of the country’s crypto infrastructure. Speaking at a government meeting, Tokaev emphasized that the country needs to quickly adjust to the new tech landscape. He pointed out that many crypto users in Kazakhstan are still operating in what he called the “gray zone.” Per Tokaev, only about 5% of crypto investors are using regulated platforms like those in the International…

INX has listed Solana (SOL), TRUMP, and MELANIA on its regulated trading platform. Solana (SOL) is making headlines lately after it hit an all-time high of $294.33. TRUMP and MELANIA tokens were launched with the inauguration of Donald Trump and have become very popular. INX, a leading regulated marketplace for tokenized real-world assets (RWAs), security tokens, and cryptocurrencies, has officially listed three new digital assets: Solana (SOL), TRUMP, and MELANIA. This move expands investment opportunities on INX.One, the world’s first fully regulated all-in-one trading platform. INX.One traders can now trade SOL, TRUMP, and MELANIA Starting at 10:00 AM EST on…

Video game commerce company Xsolla has launched its Xsolla ZK chain on Ethereum’s Sepolia testnet, introducing a “digital backpack” for on-chain virtual items. Using Xsolla ZK’s “digital backpack,” developers, item creators and gaming infrastructure providers will be able to store and manage in-game items on-chain. “Xsolla ZK is not just about innovation; it’s about creating real value for the gaming community,” said Lee Jacobson, Senior Vice President of Business Development Web3 at Xsolla, in a press release shared with Decrypt. Xsolla ZK public testnet is live on Sepolia! Come and test the network. Block explorer: https://t.co/CS3kXWw6MX pic.twitter.com/6T2HU7GICr — Xsolla ZK…

Ming Shing Group Holdings Limited, a Hong Kong-based company specializing in construction trades, has made a bold entry into the cryptocurrency market. The company announced in a press release that its wholly owned subsidiary Lead Benefit (HK) Limited purchased 500 Bitcoins worth a total of approximately $47 million at an average price of $94,375 per Bitcoin. The acquisition was completed on January 9, 2025, as part of Ming Shing’s strategy to use idle funds for short-term investment. The company aims to capture potential appreciation in Bitcoin’s value while maintaining the flexibility to liquidate assets and reinvest in its construction trades…

Ethereum (ETH), the world’s second-largest cryptocurrency by market capitalization, is poised for a massive upside rally as it has formed bullish price action on the daily timeframe. Despite the recent decline in the cryptocurrency market over the past few days, the price action suggests that sentiment is ready to shift from a downtrend to an uptrend. Ethereum (ETH) Technical Analysis and Upcoming Level According to expert technical analysis, Ether has broken out of a bullish falling wedge pattern that it has been forming since November 2024. Following the breakout, sentiment appears to have completely shifted. Based on historical price momentum,…