Author: NBTC

Hut 8 CEO Asher Genoot discussed in a Bloomberg interview the logic behind the newly launched American Bitcoin venture. Genoot, speaking on Bloomberg TV in a joint interview with Eric Trump, said that Hut 8 is not starting its venture with members of the Trump family from scratch. Instead the venture is launching as a “scaled mining operation from day one.” Hut 8 will contribute its mining rigs in exchange for an 80% stake in American Bitcoin, allowing the venture to begin with substantial infrastructure and operational capacity to mine Bitcoins (BTC). “We’ll contribute our rigs into the entity in…

Inflows into spot Bitcoin exchange-traded funds in the U.S. slowed down on Feb. 5 following remarks from Trump’s crypto policy advisor regarding the potential implementation of a national strategic Bitcoin reserve. According to data from SoSoValue, the 12 spot Bitcoin ETFs recorded $66.38 million in net inflows on Wednesday, 80% lower than the $340.82 million inflows seen over the previous day. The majority of inflows came into BlackRock’s IBIT with $44.35 million entering the fund. WidomTree’s BTCW and Fidelity’s FBTC also contributed to the positive momentum with inflows of $11.38 million and $10.65 million respectively. The nine remaining spot Bitcoin…

Although some collectors have left NFTs for dead, Canary Capital believes the asset class could find fans on Wall Street. In a recent interview with Decrypt, Canary Capital CEO Steven McClurg suggested the NFT market could soon experience a revival, with chatter about funds tracking NFT prices potentially stoking investor interest in digital art collectibles. Although an NFT-backed ETF might have been unthinkable a few years ago, the likelihood that such a fund could become available to U.S. investors has increased as federal regulators embrace new, crypto-friendly regulations and as “more liquid” NFTs have come to market, McClurg told Decrypt.…

Based on recent data, $CHZ’s social engagement and investor participation experienced a notable rise because this project demonstrated a considerable expansion in its daily social interactions. Social media activity toward cryptocurrency projects maintains high levels of discussion, as 13 projects have experienced exceptional growth in social demand in the last 24 hours. Top-13 gainers by Daily Social Volume GrowthIntroducing #PJTs with the highest level of daily social volume increase, showing an increased interest in the PJTs within the last 24H.$CHZ $CVX $SNT $NYAN $CETUS $NATIX $LISK $RPL $RARI $SYS $CPOOL $VVS $RDNT pic.twitter.com/YI8IdIkkTe — Cryptolaxy #StandWithUkraine (@Cryptolaxy) February 5, 2025…

For some months now, there have been many doubts about the “stability” of the Ethereum blockchain. It is not about doubts related to the technical functioning of this blockchain, which shows no signs of having problems from this point of view, but related to the actual use by the users. Ethereum in fact was not created as a financial asset, like Bitcoin, but as a network of computers that executes smart contracts in a decentralized, trustless, and uncensorable manner. Its goal has always been to provide a service to users, rather than to provide a financial asset. In the Ethereum…

Grayscale Ethereum Trust (ETHE) saw a 2.50% decline in market price. Fidelity’s Ethereum ETF (FETH) experienced a 2.41% drop in market price. Net inflows continued despite the market corrections in Ethereum ETFs. According to a recent update by SoSoValue tracking Ethereum exchange-traded funds (ETFs) performance as of March 31, the total net inflows for the day amounted to $6.42 million, contributing to a cumulative total of $2.42 billion. The total value traded reached $205.23 million for the day. ETHE Leads with $2.22B Despite Price Drop A deeper analysis indicates that the Grayscale Ethereum Trust (ETHE) recorded the highest net asset…

Last month, Ethereum reclaimed its title as the leading smart contract blockchain for decentralized exchange (DEX) trading, as the market swoon dampened activity on Solana, the go-to platform for memecoin traders. Ethereum-based DEXes registered an industry-leading cumulative trading volume of $64.616 billion in March, beating Solana’s tally of $52.62 billion by 22%, according to data source DefiLama. That’s the first time since September that Ethereum topped the charts, pushing Solana to the number two spot. Top blockchains by DEX trading volumes. (DefiLlama) The change in leadership happened as the total crypto market capitalization fell 4.2% to $2.63 trillion, extending February’s…

A smart whale, identified by the address “0x257,” recently made a notable transaction involving $7.96 million worth of assets. The whale’s deposit of several DeFi tokens to Binance from multiple addresses was identified by Spot On Chain data. In the deposit there were $AAVE, $LINK, $UNI and $EIGEN tokens. The largest asset in the deposit came to $AAVE. This caught the attention of crypto community because the whale decided to send these assets. More whales offloaded #DeFi tokens!8 hours ago, smart whale “0x257” deposited $7.96M worth of 4 assets, including 3 major #DeFi tokens, to #Binance:• 13,816 $AAVE ($3.54M) →…

Ethereum price has declined 40% since Eric Trump, son of U.S. President Donald Trump, promoted the crypto on social media. On February 4, he posted to his 5.7 million followers that it was a “great time” to buy Ethereum. At the time of his tweet, Ethereum traded for $2,735, having recovered from a massive drop that day that saw its price hit the $2,000 lows. In my opinion, it’s a great time to add $ETH. — Eric Trump (@EricTrump) February 3, 2025 However, the asset has since struggled, now trading at $1,869. Over the last 24 hours, Ethereum has recorded…

This is a segment from the Empire newsletter. To read full editions, subscribe. There’s a new institutional-grade DeFi yield platform in town, we’ve exclusively learned. Upshift, which aims to give retail access to yield opportunities typically available for hedge funds, is being spun out of prime brokerage firm August and is coming out of stealth. The platform already has around $250 million in deposits, the team told me. “If you look at the value prop today, DeFi’s super complicated,” Upshift CEO and August co-founder Alexandre Elkrief explained to me. “It’s across three main axes: It’s fragmented, it’s hard to access,…