Author: NBTC
Decentralized perpetual exchange (DEX) Hyperliquid (HYPE) has reached a significant milestone, surpassing $1 trillion in total perpetual contract (perps) trading volume. This achievement comes despite a broader market downturn, where major sectors have posted losses. While there has been slight growth today, it remains minimal, highlighting the market’s challenges. Hyperliquid Dominates Perps Market According to data from DeFiLlama, Hyperliquid perps’ cumulative trading volume has surged to $1.1 trillion. This rise in activity highlights its growing appeal among traders. Furthermore, as reported by Dune Analytics, weekly volumes have ranged between $40 billion and $50 billion. In fact, the platform now commands…
The New Jersey Devils have launched “Bott Stevens,” a custom AI chatbot designed to enhance digital fan engagement. Named after Devils legend Scott Stevens, the chatbot is powered by Theta EdgeCloud’s (THETA) decentralized AI infrastructure and will be available on the team’s official website during the 2024-25 NHL season. The AI agent will provide fans with real-time information on game schedules, tickets, stats, and merchandise. Utilizing Theta’s Retrieval Augmented Generation technology, Bott Stevens will pull data from official NHL sources, ensuring accuracy while avoiding misinformation from unverified sources. You might also like: Crypto exchange Deribit warns against job scams using…
Strong fourth quarter results from Coinbase helped buoy bitcoin amid worries about inflation from disappointing CPI data earlier in the week. BTC Shows Slight Uptick Despite Worries of Inflation and a Slump in Trading Volume Bitcoin (BTC) is trading at $96,767.00 on Valentine’s Day, marking a 0.97% increase over the past 24 hours. Despite this slight uptick, BTC remains down 2.88% on the weekly chart, reflecting ongoing market caution. The flagship cryptocurrency has fluctuated within a 24-hour range of $95,269.71 to $97,221.95, as traders react to macroeconomic developments and corporate earnings reports. (BTC price / Tradingview) Coinbase Earnings Offset Inflation…
Ethereum (ETH) investors who opened positions at high price levels have largely run out of purchasing power, according to Chinese on-chain data analyst Murphy, raising concerns about ETH’s ability to stage a strong recovery. Murphy posted statistical data on social media, revealing that the average cost basis for ETH positions created between January and February 2025 ranged from $3,200 to $3,500. A significant cluster of addresses significantly increased their holdings to $3,475 by accumulating approximately 1.66 million ETH. This group did not buy the dip when ETH dropped to $1,900 and currently hold 1.94 million ETH, reducing their average cost…
This article estimates the number of Shiba Inu tokens investors must hold to earn $1 million if SHIB reaches audacious targets like $0.0004, $0.006, or $0.03. Despite the recent market downturn, many investors hope to become millionaires through investments in Shiba Inu (SHIB). This fantasy is primarily driven by Shiba Inu’s incredible past performance and the numerous projections market observers have issued for the dog-themed token. Shiba Inu ranks among the most successful cryptos in history due to its performance in the 2020/2021 bull market, which saw its price spike by over 150 million percent to an all-time high (ATH)…
Fintech and crypto firms are actively pursuing state and national banking licenses under President Donald Trump’s administration to gain regulatory approval that was previously slow to materialize. According to a Reuters report, industry executives indicate that firms seeking credibility and market expansion see a favorable landscape under the administration, which has forced regulators to transition from their cautious stance toward crypto. Increased interest in banking licenses New banking entrants increase industry competition and cater to niche market segments. Analysts and industry participants indicate that financial institutions launched by fintech and crypto firms could address underserved customer bases. Moreover, legal professionals…
In the era of amazing collaborations, here comes another one. Orderly Network, an omnichain CLOB infrastructure that unifies liquidity across blockchains, has announced its strategic alliance with Aark Digital, a decentralized perpetual trading platform. This partnership aims to take perpetual trading to the next level and to create an unparalleled trading experience. Aark Digital used its official X page to share this news. Big moves for Aark Digital!Thrilled to join the @OrderlyNetwork family and elevate perpetual trading to the next level. With seamless liquidity, cutting-edge infrastructure, and multichain expandability—@arbitrum and beyond—we’re set to deliver an unparalleled trading… https://t.co/Dt9ouIRgSO — Aark…
Bitcoin (BTC) attempted a modest rally early on, but the move was short-lived as traders questioned whether bullish investors were lightening their positions ahead of the weekend after five consecutive weekend declines. Geoff Kendrick of Standard Chartered noted that Bitcoin has been falling consistently from 5 p.m. on Friday to the same time on Sunday for the past five weeks. He attributed the weekend declines to various market uncertainties, including the DeepSeek AI news and concerns over potential Trump tariff policies. Kendrick said that throughout 2024, Bitcoin’s price movements will be more pronounced on Mondays and Fridays rather than weekends,…
Blockdaemon, a leading provider of crypto infrastructure, has acquired expand.network, a single API connection into the multifarious world of decentralized finance (DeFi), with a view to enabling big financial institutions to seamlessly access on-chain trading. The exact price paid for Expand was not revealed, but Blockdaemon said the deal was worth double digit millions of dollars. Expand provides API access to DeFi, enabling connections to over 170 endpoints, including DEXs, bridges, lending protocols and oracles. As long-awaited regulatory clarity comes to crypto in the U.S., banks and large financial institutions are considering a point of entry into the on-chain finance…
The price of Ethereum has fallen sharply and has broken through the important $2,000 mark. Ethereum price long-term analysis: bearish After the price drop on March 10, Ether’s downtrend has eased, as reported by Coinidol.com. The largest altcoin moved in a range after falling to $1,889, its lowest point. Ether has been trading above support at $1,800 for a week, but below resistance/moving average lines at $1,950. Doji candlesticks have slowed and limited price movement. Ether is rising today as it approaches the $2,000 peak and if it breaks above the 21-day SMA, it will move back in a positive…