Author: NBTC
This is a segment from the Empire newsletter. To read full editions, subscribe. Here’s a fun exclusive for you this morning: Seismic, an encrypted blockchain, raised $7 million in a round led by a16z Crypto, with participation from Polychain, Alliance and 1kx, among others. This was the first fundraising effort for founder Lyron Co Ting Keh, given that Seismic was his first startup. The idea, he said, came from wanting to start his own company. As he spoke to various app developers, it became clear that “you need encryption to be in the foundation of the chain and not just…
Dog-themed cryptocurrency Shiba Inu recently experienced a remarkable surge in its burn rate, a strategy aimed at lowering SHIB’s total supply while potentially increasing long-term value. However, after a period of increase, Shiba Inu’s burn rate has now taken a breather, settling at just 1.97% in the last 24 hours. According to the Shibburn X account, 15,050,787 SHIB were burned in the last 24 hours, marking a 1.97% increase in the daily SHIB burn rate. The day before last saw a 795.3% surge in burn rate, while the last seven days saw 94,207,386 SHIB burned, contributing to a 59.37% increase…
Bitcoin Open Interest Surge: A Potential Breakout Signal Recent data indicates a steady rise in Bitcoin’s open interest within perpetual futures markets. This surge suggests heightened trading activity, which often precedes a Bitcoin price breakout. Analysts highlight that while a significant price movement is expected, the direction remains uncertain and dependent on further market signals. Bitcoin and Ethereum Options Set to Expire Today, Bitcoin and Ethereum options worth approximately $2.04 billion are set to expire. These expirations frequently cause increased market volatility as traders rebalance their positions. The maximum pain price—the level at which the most options expire worthless—is $98,000…
Blockchain-based asset management firm Superstate said on Thursday it has registered its digital transfer agent, Superstate Services LLC, with the U.S. Securities and Exchange Commission (SEC), a move aimed at bridging tokenized assets with existing financial regulations. Transfer agents help issuers manage shareholder records, process transactions, and distribute dividends. As securities increasingly move on-chain, digital transfer agents play a critical role in maintaining compliance and governance. Superstate Services will use blockchain-integrated record-keeping to track ownership in real time. A smart contract-driven allowlist will ensure that only approved investors can acquire tokenized shares. “Through this innovative approach, Superstate advances tokenized security…
Kaito AI has unveiled its tokenomics, sparking concerns over insider allocations. Kaito AI (KAITO) has officially announced the tokenomics for its KAITO token. More than half (56.67%) of the total supply is allocated to Community and Ecosystem, according to Kaito’s official website. This includes 19.5% set aside for airdrops and incentives, 32.2% for ecosystem expansion, 10% for early community rewards, and 7.5% for long-term creator incentives. Additionally, 5% of the supply will go toward liquidity incentives, while 10% is reserved for the Foundation to ensure sustainable development. The remaining distribution includes 25% for core contributors, 8.3% for early backers, and…
With Bitcoin crossing $98,000, can bulls push past resistance to hit a new all-time high? As the crypto market gradually turns green, Bitcoin is back above $98,000. With a 24-hour surge of 1.14%, the biggest crypto is gradually inching closer towards the $100,000 mark. While the short-term recovery projects a potential breakout rally, institutional investment continues to decline. Amid the rising outflows from Bitcoin spot ETFs, could this be a dead cat bounce for Bitcoin? Let’s explore. Bitcoin Breakout Rally Hits 50% Fibonacci Barrier In the 4-hour price chart, BTC’s price trend shows a channel breakout rally. This bullish breakout…
President Donald Trump recently announced on Truth Social about creating a strategic reserve, which would include Bitcoin, Ethereum, XRP, Solana, and Cardano. After this announcement, the prices of these cryptocurrencies surged—Bitcoin rose by 10%, and others like Cardano jumped by over 60%. With the Crypto Summit approaching on March 7, Howard Lutnick, Trump’s Commerce Secretary, has also stated that the Bitcoin Reserve execution could take place on that day. Bitcoin as ‘Digital Gold’: Yusko’s Core Argument However, in a podcast on Milk Road, founder of Morgan Creek Capital Management, Mark Yusko raised an important point: why include cryptocurrencies beyond Bitcoin?…
A crucial call to action has been issued to XRP Ledger nodes and validators as the UNL migration to the new XRPL Foundation begins. The migration includes the transition of the Unique Node List (UNL) published by the old XRPL Foundation to the new XRPL Foundation. ⚠️ XRPL Nodes and Validators: Action Required ⚠️The UNL migration to the new XRPL Foundation is underway. Validators must update their configurations by March 10, 2025, to ensure continued network participation.Avoid downtime—update now: https://t.co/S1IQiecV5l — RippleX (@RippleXDev) February 19, 2025 Importantly, any validators and node operators that rely on the old UNL will need…
Robinhood CEO Vlad Tenev said the platform might need blockchain technology to operate 24/7. In an interview with Yahoo Finance, Tenev noted that 24/7 trading would be tough to operate on traditional infrastructure. According to Tenev, the platform already operates 24/5 trading, which means users can use it 24 hours a day on weekdays. However, he noted that setting this up has been complicated, which is why most other stock trading platforms do not offer it yet. He added that it is unclear whether Robinhood market participants are prepared for a 24/7 market. Tenev said: “24/7 is going to be…
Bitcoin’s been in a rut lately and traders are growing restless as the market consolidates. However, renowned analyst Michael van de Poppe sees Bitcoin’s lackluster price action in a positive light. He thinks BTC’s ‘boring state’ could benefit altcoins, with Ethereum as a key contender. It’s the boring state for #Bitcoin.The good part is: Bitcoin goes up slightly, #Altcoins go up significantly more. I think that we’ll continue to see that. #Bitcoin above $100K#Ethereum above $3K pic.twitter.com/a8Rwfi9xYb — Michaël van de Poppe (@CryptoMichNL) February 21, 2025 The expert predicts that Bitcoin could break $100K, while Ethereum might surpass $3K. Historically,…