Author: NBTC

Elon Musk has officially become the first individual to reach a net worth of $400 billion, a landmark achievement driven by significant gains in his privately held SpaceX and a surge in Tesla’s stock price. According to the Bloomberg Billionaires Index, Musk’s wealth now stands at $439.2 billion, cementing his position as the richest person in the world. SpaceX drives $50 billion wealth boost The most recent catalyst for Musk’s record-breaking net worth was a major insider share sale of SpaceX, his space exploration company. The sale increased SpaceX’s valuation to $350 billion, making it the world’s most valuable private…

Bitcoin’s rally past the $100,000 threshold was short-lived, as the leading cryptocurrency came tumbling below the level barely 24 hours later. This 14% correction within the past week was driven by market participants, especially long-term holders (LTHs), taking profits. According to a Bitfinex Alpha report, on-chain metrics like realized profit and perpetual futures funding rates signal that the market is stabilizing and profit-taking has eased off. BTC Slumps as LTHs Take Profits Bitcoin’s correction last week triggered over $1.1 billion in liquidations across long and short positions in major centralized exchanges. Bitfinex noted that 10% of the plunge occurred within…

The Fed may need to reevaluate interest rate policy in light of recent inflation trends, according to former Cleveland Fed President Loretta Mester. Speaking about the latest Consumer Price Index (CPI) report, Mester noted that although the report met expectations, it revealed a worrying pause in the progress of inflation, which could affect the FED’s future decisions. “The unfortunate thing is that it shows that we have a pause in the progress that was made on inflation,” Mester said. “That is a concern for the Fed because inflation has made very little progress over the last four months.” The September…

Shiba Inu’s Bone Shibaswap (BONE) token has broken its recent downtrend following its inclusion in a new lineup of trading pairs on OKX, a prominent crypto exchange. Starting on October 17, 2024, BONE will be available for trading against USDC, a stablecoin pegged to the U.S. dollar. The BONE price also saw a substantial rebound after the latest announcement. Shiba Inu’s BONE Bags OKX Listing The addition of Shiba Inu’s BONE, along with tokens like EigenLayer (EIGEN), Pendle (PENDLE) and Turbo (TURBO), is part of the crypto exchange’s strategy to expand trading options and further integrate USDC. This development provides…

SEC Chair Gary Gensler has issued a settlement demand to Elon Musk, warning him of potential charges unless payment is made within 48 hours. The Securities and Exchange Commission is reportedly preparing multiple charges, but the letter remains vague about the specifics, such as the exact nature of the charges and how many of Musk’s companies are involved. Recently, Musk’s attorney, Alex Spiro, was subpoenaed by the SEC, with threats of a process server if he didn’t comply. JUST IN: SEC Chair Gary Gensler has issued a settlement demand to Elon Musk, threatening charges unless Musk paid within 48 hours.…

The following is a guest article from Vincent Maliepaard, Marketing Director at IntoTheBlock. As Bitcoin surpassed its all-time high earlier this year, driven by institutional interest, many expected a similar surge in the decentralized finance (DeFi) space. With DeFi surpassing $100 billion in total value locked (TVL), it was the perfect time for institutions to jump on board. However, the anticipated flood of institutional capital into DeFi has been slower than predicted. In this article, we’ll explore the key challenges hindering institutional DeFi adoption. Regulatory Hurdles Regulatory uncertainty is perhaps the most significant roadblock for institutions. In major markets like…

Venture capital (VC) funds invested nearly $800 million in crypto startups in November, according to DefiLlama data. Despite recording the fourth-best month for funding this year, the amount was down 8% compared to the money raised in October. Infrastructure still reigns The blockchain gaming sector raised roughly $71 million in funding, while general web3 projects secured $8.2 million in funding. Monkey Tilt, an online platform offering a gamified gambling experience fueled by crypto, raised the most funding in the gaming sector, with $30 million. Pantera Capital led the Series A round. VC funds poured over $583 million into startups developing…

Kamala Horris (KAMA), the meme coin linked to current US Vice President Kamala Harris, is down 28% in the last seven days. This development comes following rising odds that Republican candidate and former president Donald Trump could win the next elections. About one week ago, KAMA’s price was $0.0087. Today, the cryptocurrency is trading at $0.0059, and this analysis explains why the value of meme coins might continue to sink. The Kamala Harris meme coin decline could be linked to the fact that the odds are clearly in favor of Trump winning the election. A few weeks back, both candidates…

Federal bank regulators may soon be on the chopping block. President-elect Donald Trump’s team is exploring eliminating agencies like the FDIC, sparking a debate that could reshape America’s financial landscape. Trump’s Plan to Eliminate the FDIC could be a step toward innovation, or are we gambling with stability? What the FDIC Does—and Why It Matters The Federal Deposit Insurance Corporation or FDIC is the authority that keeps banks in check. It makes sure that your money remains safe even if the bank fails. This system was created after the Great Depression to build a secure banking system. People need to…

According to the 2024 report by ChainPlay, a company specialized in the analysis and evaluation of blockchain projects, the GameFi sector is said to be in great difficulty. Based on the findings, 93% of the projects in this niche have failed, with an average decline of 95% from their all-time highs. A total of 3,200 case studies were analyzed. Even investments in the sector have not been particularly profitable, putting investors on alert about its future in the GameFi landscape.All the details below. ChainPlay studies 3,279 projects in the GameFi sector Difficult life for new GameFi projects: 93% fail in…