Author: NBTC
In a latest development, Charles Hoskinson, founder of Cardano, has criticized the U.S. Agency for International Development (USAID) for funding a book that links Bitcoin to right-wing extremism. WikiLeaks recently revealed that USAID funded a book connecting Bitcoin and cyberlibertarianism to right-wing ideologies. The book, Cyberlibertarianism: The Right-Wing Politics of Digital Technology, authored by David Golumbia, links Bitcoin to extremist ideologies. Published by the University of Minnesota Press, it reportedly received over $80,000 in funding from the U.S. government, according to WikiLeaks. Hoskinson expressed his frustration on social media, calling this portrayal of Bitcoin “garbage.” So apparently, USAID is funding…
In a significant development within the cryptocurrency world, a whale recently unstaked a massive amount of Solana (SOL) tokens valued at approximately $45.85 million and transferred them to Binance, the world’s largest cryptocurrency exchange, just eight hours ago. This move is generating attention, as it not only reflects a strategic shift by a major player in the market but also raises questions about potential market implications, particularly regarding SOL’s price movement and liquidity. A whale unstaked 245,922 $SOL($45.85M) and deposited it to #Binance 8 hours ago.https://t.co/YqzWZSsHov pic.twitter.com/ohzoQNdURk — Lookonchain (@lookonchain) January 10, 2025 According to Lookonchain,The whale, whose identity remains…
MicroStrategy (MSTR) traders returned from their holiday break to disappointing returns on their leveraged bitcoin (BTC) stock. Over the past month, BTC has rallied 3% while MicroStrategy has declined 12%. This is despite founder Michael Saylor’s boasts of a 74.3% “bitcoin yield” for shareholders on a dilution-adjusted basis for the 2024 fiscal year. This includes his recent addition of 1,070 BTC to the company’s stack. As MicroStrategy’s tiny software business has declined to a de minimis portion of its market capitalization, investors value the firm based almost entirely on its BTC holdings. As of publication time, the company holds $45…
Transak is making it easier than ever to access Unichain, the Layer 2 blockchain scaling solution from Uniswap Labs. By integrating its powerful on- and off-ramp infrastructure, Transak is breaking down barriers for users looking to seamlessly buy and sell digital assets on Unichain using fiat currencies.—Uniswap Labs has played a key role in expanding the crypto ecosystem, but for many new users, navigating Web3 can still be complex. With Transak now supporting Unichain, onboarding into decentralized finance (DeFi) becomes more intuitive than ever. Users can now purchase cryptocurrencies directly on Unichain using a range of fiat payment methods, streamlining…
Some of it could also be outright bets on ETH. Hedge funds hold record short positions in ether (ETH) futures trading on the Chicago Mercantile Exchange (CME), raising questions about the motivations behind these positions. At first glance, the data could suggest that sophisticated market players anticipate price slides, as discussed on social media. However, this isn’t entirely accurate; carry trades or arbitrage plays primarily drive the record short interest, but some of these short futures trades represent outright bearish bets on the cryptocurrency, per observers. As of the week ended Feb. 4, hedge funds held a net short position…
GameStop shares jumped Monday after CEO Ryan Cohen posted a photo with Strategy co-founder Michael Saylor, fueling Bitcoin-related speculation. GameStop shares jumped nearly 7% on Monday morning after the firm’s chief executive Ryan Cohen shared a photo with Michael Saylor, co-founder of Strategy (formerly MicroStrategy), on X. As of press time, GameStop (GME) shares are trading at $26.39, up 6.7%, per data from Google Finance. pic.twitter.com/wlOwEGli6n — Ryan Cohen (@ryancohen) February 8, 2025 Cohen’s X post contained no information, leading to speculation that GameStop might be looking into something related to Bitcoin (BTC) as Strategy reignited investors’ interest after it…
A recent Syncracy thesis on Solana revealed that the blockchain had surpassed Ethereum across several metrics in the past few months. The thesis-driven hedge fund calculated Solana’s performance as a percentage of Ethereum’s. The report indicated that Solana showed signs of dominance in the crypto market and suggested that the blockchain was taking Ethereum’s market share. Syncracy data outlined that Solana’s Real Economic value, combining the chain’s transaction fees and MEV tips, was 111% against Ethereum’s. Total application volumes, stablecoin volumes, total value locked (TVL), Solana DEX volumes, and active addresses stood at 109%, 98%, 13%, 124%, and 234%, respectively,…
Since the beginning of the year, Bitcoin’s price has been unable to revisit its $108,230 all-time high. This has reduced the profitability of the coin’s short-term holders (STHs), putting more downward pressure on its price. As demand leans further, BTC’s price could see new declines. Here is why. Bitcoin Short-Term Holders Count Their Losses In a new report, pseudonymous CryptoQuant analyst Crazzyblockk noted a decline in the profitability of BTC investments for short-term holders (those who have held their coins for less than 155 days). The analyst assessed the profitability levels for all Bitcoin age bands and found that “following…
Today, Solv Protocol announced a strategic partnership with Chainlink to improve the transparency of its entire protocol TVL. In the complex world of DeFi, Solv has established its name as a prominent protocol that offers Bitcoin staking services. It is a DeFi platform that allows users to stake Bitcoin across numerous protocols and ecosystems while using its unparalleled tech infrastructure to maintain liquidity. Solv Protocol x @Chainlink Integration DeepensWe’re thrilled to expand our integration with Chainlink’s Proof of Reserve to bring greater transparency to our $2B+ protocol TVL.🔹 On-chain transparency for total protocol TVL🔹 Enhanced trust and security for users🔹…
Bitcoin dominance is now at multi-year highs, the bank said. Ether (ETH) has underperformed year-to-date, declining over 20%, but fundamentals are improving and total value locked (TVL) on the Ethereum blockchain has risen dramatically, Wall Street bank Citi (C) said in a research report Monday. “While user activity has been volatile in recent weeks, the fundamental backdrop is not all that murky,” analysts led by Alex Saunders wrote. Citi noted that TVL on the Ethereum network has risen sharply, while ether exchange-traded funds (ETFs) are still seeing inflows, and search interest is rising. Following the U.S. election in November, ether…