Author: NBTC
Tether, the world’s largest stablecoin, lost $2 billion from its market cap in December amidst the challenges posed by the European Union’s new Markets in Crypto Assets (MiCA) regulation. The MiCA regulation framework will take full effect from December 30, 2024. Exchanges Delist USDT Ahead of MiCA MiCA rules require stablecoin issuers to obtain certain licenses to operate in the European Union. Tether has apparently failed to meet MiCA’s stringent requirements, which could jeopardize its future in the jurisdiction. Hence, European exchanges have begun delisting Tether’s USDT stablecoin in anticipation of the regulatory crackdown. In response, according to CoinMarkCap, USDT’s…
On Saturday, 22nd February, the U.S. Office of Personnel Management (OPM) headed by Musk, sent emails to federal employees asking them to report their accomplishments from last week. According to more recent reports, the OPM will use AI to assess the employees’ responses. According to NBC News, Elon Musk’s DOGE is using AI to determine the usefulness of federal workers based on their weekly tasks. The responses will be fed into a large language model (LLM), an advanced AI system capable of understanding large textual data. Prior to sending the emails, Musk posted on X, “All federal employees will shortly…
Today, Meson Finance has partnered with Sonic to provide people with $USDC.e. Sonic is one of the most efficient EVM Layer 1, supporting Ethereum-based smart contracts and dApps, while Meson Finance allows clients to move USDC, USDT, and other stablecoins between different blockchains. Meson Finance’s partnership with Sonic Labs will now enable seamless USDC.e cross-chain transfers, enhancing stablecoin accessibility across 60+ blockchains with lower costs. 🔥Meson brings you USDC.e bridging on @SonicLabs!Sonic stands out as the top-performing EVM Layer1, offering a blend of speed, incentives, and cutting-edge infrastructure for DeFi.You can now seamlessly execute cross-chain swaps for #USDC and #USDT…
Bitcoin surged to $99.8K yesterday before taking a nosedive at $95,484, shedding the profits of the Christmas rally. Traders are becoming increasingly bullish, with speculation about Bitcoin reaching $110K to $117K. However, Santiment notes that historically, Bitcoin tends to hit $110K only when the crowd least expects it. Despite Bitcoin’s recent decline, the market is bullish on its long-term goals. But is the market overhyping the targets what is the realistic target BTC can hit in the upcoming bull market, let’s get the insights from analysts. Dan’s Bitcoin Prediction 2025 Dan Morehead, the CEO of Pantera Capital, predicts that Bitcoin…
While Africa is often seen as the cradle of crypto adoption, the largest economy on the continent, South Africa, is one of the leading countries in the region in terms of crypto adoption and regulation. The new report published by the local financial regulator highlights the bright prospects for the South African DeFi sector. Table of Contents The goal of the study The numbers South Africa as a significant nascent crypto hub The goal of the study On Feb. 20, 2025, the Financial Sector Conduct Authority released a study called Market Study on Decentralized Finance (DeFi) in South Africa. The…
The cryptocurrency market experienced a broad-based decline as a stronger US dollar put pressure on digital assets, with XRP leading the losses on Monday. XRP Leads Crypto Drop Amid Strong Dollar, Year-End Uncertainty The token has fallen by 5% in the past 24 hours, outpacing declines of up to 2% in other major cryptocurrencies like Dogecoin (DOGE), Solana (SOL), Ethereum (ETH), and BNB. The strength of the dollar, as measured by the U.S. Dollar Index (DXY), has historically led to lower demand for dollar-denominated assets such as Bitcoin (BTC) and gold. Asian stocks also fell, with the Asia-Pacific index reversing…
This is a segment from the Empire newsletter. To read full editions, subscribe. Strategy’s Michael Saylor has had a busy start to the year, between his company buying $2 billion more bitcoin — meaning Strategy now holds nearly 500,000 BTC — and meeting with the SEC’s shiny new Crypto Task Force. While the former is good for bitcoin, even with the current market falling apart (but David’ll get more into that), I want to focus on the latter today. Yesterday, my colleague Eleanor Terrett broke the news that Saylor had swung by the SEC’s offices to chitchat with Commissioner Hester…
Key Takeaways Hedera launched an Agent Kit SDK at ETHDenver 2025, offering $25,000 in bounties for AI agent projects. Olas facilitated over 4 million agent transactions and launched Pearl, with a $1 million rewards program for developers. The future of blockchain just got a bit sharper—and dare I say, a touch more agentic—at ETHDenver 2025. Two heavyweights in the web3 space, Hedera and Olas, rolled up to the event with their AI agent solutions, highlighting different approaches to how AI could transform Web3. Hedera: Making blockchain as easy as a GM tweet Jake Hall, Hedera’s developer relations lead, kicked things…
Bitcoin’s price has been going up and down a lot recently, making people wonder if it’s about to bounce back. In this Bitcoin price prediction article, we’ll look at what’s causing these changes and whether a recovery is on the way. How has the Bitcoin Price Moved Recently? BTC/USD Daily Chart- TradingView Bitcoin is currently priced at $96,386, with a 24-hour trading volume of $74.38 billion, a market capitalization of $1.91 trillion, and a market dominance of 56.72%. Over the past day, its value has increased by 0.49%. The cryptocurrency reached its all-time high of $108,239 on December 17, 2024.…
DeFi growth expected to gather steam with projections that its revenue could hit $376.9M in 2025. Autonomous Agents are expected to play a crucial role in the growth of the DeFi ecosystem. Autonomous agents execute trades fast, operate 24/7, and adapt to markets. Navigating the DeFi realm has become increasingly more sophisticated in recent years replete with a large number of protocols, chains, and strategies. The DeFi market projected to generate a revenue of $376.9 million by 2025 seeing that its TVL hit $138 billion this past December. As the market grows, the scale of potential opportunities on offer is…