Author: NBTC
This is a segment from the Empire newsletter. To read full editions, subscribe. You don’t need to understand it to use it. That’s Empire co-host Santiago Santos’ ideal situation in building Inversion Chain. Confused? Think about the 1990s. Businesses used “.com” and — outside of the somewhat ridiculous Homes.com commercial we saw during the Super Bowl — dot com isn’t really used anymore. If you don’t believe me — or Santos — bring it up to your local Gen Zer and you’ll quickly see how out of tune it is. Point being that the internet is just a part of…
Bitcoin closed 2024 on a high, reaching a record $107,000 in mid-December before retreating to hover around $96,000 in early 2025. Despite this decline, BTC’s remarkable rise over the past year has left many investors wondering what’s next. BlackRock’s iShares Bitcoin Trust ETF (IBIT) saw its most significant outflows since its launch on Thursday, with $333 million in outflows. Some attributed the outflows to tax-related adjustments or profit-taking, while others saw them as part of a broader pause in market momentum. “Crypto tends to move in momentum cycles, with periods of rapid growth followed by quieter phases,” Andy Baehr, Managing…
Blum, a gamified Telegram-based decentralized exchange (DEX), raised $5 million. The investment round was led by gumi Cryptos Capital, which also included participation from prominent venture funds like Spartan, No Limit Holdings, YZi Labs, OKX Ventures, and more Blum plans to allocate the funds toward developing its Telegram-based trading platform. Blum’s $5 Million Funding to Propel Blockchain and AI Trading Blum’s rapid growth trajectory has garnered attention across the Web3 space. With its Telegram community surpassing 32 million members, it is now considered one of the largest communities in the crypto sector. Since its official launch in July 2024, Blum…
The partnership will empower developers to create robust decentralized applications. The collaboration will create a privacy-preserving AI training environment by using io.net’s decentralized GPU clusters. Decentralized physical infrastructure network for GPU clusters io.net and Alpha Network have partnered to provide a secure environment for web3 and AI apps. By addressing data security issues and democratizing access to AI infrastructure, the partnership will empower developers to create robust decentralized applications. Alpha Network, the first decentralized AI execution layer in the world, offers web3 builders private data storage and AI training data. Through combining Alpha Network’s superior data privacy and breach prevention…
The Singapore-based crypto exchange Crypto.com just listed Story Protocol and AI Rig Complex. Crypto.com just listed Story Protocol (IP), a layer-1 blockchain for intellectual property management, and AI Rig Complex (ARC), a Rust-based platform for developing AI agents. Story Protocol’s listing comes just as Story Protocol, a Layer 1 blockchain aimed at revolutionizing intellectual property management, officially launched its public mainnet after a nearly six-month testnet phase. The platform, developed by PIP Labs, offers creators the ability to register their intellectual property as “IP Assets” on the blockchain. The Crypto.com listing came after its listing on two other major exchanges,…
Inversion Capital, led by angel investor Santiago Roel Santos, is launching a custom Layer 1 blockchain on Avalanche to bring businesses onchain. Inversion will use the new blockchain to execute a private equity strategy — acquiring traditional businesses and integrating them with blockchain technology. This is comparable to private equity firm KKR’s financial engineering approach — but with crypto engineering. Inversion’s approach to crypto adoption differs from traditional methods. Instead of convincing businesses to adopt blockchain, Inversion will buy companies and integrate blockchain into their operations, according to a note shared with crypto.news The company plans to use blockchain to…
The Bitcoin ($BTC) market is reportedly going through a considerable shift as the latest statistics point out. As per the prominent crypto analyst, Bitcoin’s Block P/L Count Ratio model has declined from the significant heights of more than 100,000 to just 159, suggesting a significant shift in market momentum. The analyst took to social media to reflect on Bitcoin’s current market dynamics and their potential impact. After investors secured maximum profits at levels of $90K–$100K, the Block P/L Count Ratio model, which reflects Profit and Loss within each block (10 minutes), indicates that the market is gradually cooling down.The metric…
Robinhood (HOOD) shares surged in pre-market activity Thursday after the popular trading app reported fourth-quarter earnings that beat Wall Street estimates driven by a massive jump in crypto revenue. The company reported $358 million in crypto transaction revenue in the quarter, the highest contribution from digital-asset trading to date, Wall Street bank JPMorgan (JPM) said in a research report Wednesday. JPMorgan raised its price target for the stock to $45 from $39, while maintaining its neutral rating. Citi (C) raised its target to $60 from $45 and kept its neutral rating on the stock. Broker Bernstein more than doubled it…
Bio Protocol, the popular decentralized science network, continued its freefall as it expanded to the Solana network. Bio Protocol (BIO) price dropped to $0.52, erasing over 64% of its value from the highest level on Jan. 3 and bringing its market cap to $862 million. The token’s crash mirrors what is happening in the crypto industry, as most coins have dropped this week. Bitcoin (BTC) has dropped below $95,000, while most altcoins have experienced steeper dips. BIO’s plunge was also in line with most recent airdrops that often rise on the first few days and then retreats. Recent airdrops like…
Robinhood has expanded its asset offerings in Europe, introducing Algorand (ALGO) and Ondo (ONDO) for trading. This move broadens investment opportunities for European users, enabling them to engage with these cryptocurrencies on a well-known platform. Market participants are now keenly monitoring the price movements of ALGO and ONDO as both assets demonstrate mixed trends in the short term. 🔔 A new batch of assets now available in Europe! 🔔 You can now trade:– ALGO– ONDOTap-in to learn more about these new assets 👇 — Robinhood Crypto EU (@RobinhoodCrypto) February 13, 2025 Algorand (ALGO) Price Analysis – Intraday Uptrend and Subsequent…