Author: NBTC

As the floor price of CryptoPunks breaks through the $200k threshold, loan platform Gondi gets accused by traders of facilitating rafter bids online. Summary CryptoPunks floor price breaks through $200,000 mark, reaching highest peak in 2025 so far. NFT lender Gondi accused of facilitating rafter bids, using PUNKS as collateral. CryptoPunks loaner Gondi under fire The NFT lending marketplace Gondi has come under fire due to allegations that the platform has been facilitating “private loans” used to boost chandelier bids for PUNKS. One trader even accused the platform of letting one of its advisors, Gfunk, borrow ETH (ETH) using PUNKS…

Ethereum, which has spiked nearly 14% over the past week, will likely “head higher in the coming months,”as investor demand for ETH outstrips demand, according to Bitwise Chief Investment Officer Matt Hougan, Exchange-traded products based on Ethereum and treasury companies are likely to buy $20 billion of the asset over the next year, while the Ethereum network will probably produce 800,000 ETH during the same period, Hougan wrote. “That’s nearly 7x more demand than new supply—an even higher ratio than we’ve seen for Bitcoin since the spot ETPs launched in 2024,” Hougan wrote in a recent memo. “You could argue…

Last month, Bakkt submitted a shelf registration to the SEC to raise up to $1 billion for its Bitcoin strategy. Key Takeaways Bakkt plans to raise funds through a public offering of stock and pre-funded warrants. Proceeds will be used to purchase Bitcoin and other digital assets, as well as for general corporate purposes. Digital asset platform Bakkt Holdings announced on Monday that it will launch a public offering of shares and pre-funded warrants aimed at raising capital for Bitcoin investments. The NYSE-listed crypto company will give underwriters a 30-day option to purchase up to an additional 15% of offered…

The integration of blockchain technology into online gaming platforms has revolutionised the industry, offering enhanced security and transparency. As digital currencies gain traction, adopting multi-chain systems is increasingly vital for gaming operators. This approach enables a seamless experience for users and aligns with the growing demand for versatile payment options. In recent years, blockchain has become a cornerstone in the evolution of online gaming. By ensuring transaction integrity and player anonymity, it offers unparalleled benefits that are driving its adoption across various platforms. With the rise of innovative gaming platforms, there is an opportunity to leverage multiple blockchains to cater…

Bitcoin climbed past $122,000 this week, marking its fourth straight month of gains. It even touched $123,000 Monday before dipping slightly. Prices like these put the crypto asset well beyond what many everyday earners can afford. According to the Social Security Administration, the average yearly salary in the US is $66,600. That means a single coin now costs nearly twice what a typical worker makes in a full year. Bitcoin Prices Soar Past Records Based on reports from top crypto channel Altcoin Daily, high‑net‑worth individuals are being urged to act fast. The platform tweeted that millionaires should consider buying at…

Welcome to The Protocol, CoinDesk’s weekly wrap-up of the most important stories in cryptocurrency tech development. I’m Margaux Nijkerk, CoinDesk’s Tech & Protocols reporter. In this issue: Ethereum Validator Exit Queue Tops $2B as Stakers Rush to Quit After 160% Rally Jito Launches BAM to Reshape Solana’s Blockspace Economy Ethereum Validators Signal Intention of Upping Gas Limit to 45M Dogecoin Could Soon Verify ZK Proofs Natively, Thanks to DogeOS Push Network news VALIDATOR EXIT QUEUE ON ETHEREUM BACKS UP: Ethereum’s validator exit queue posted its longest wait time on record, a possible signal stakers are looking to pull funds after…

MyShell has officially launched ShellAgent 2.0 in partnership with BNB Chain. This marks a significant leap in AI and blockchain convergence. The upgraded agent is capable of converting a single prompt into a fully functional AI application. According to the announcement, ShellAgent 2.0 delivers industry-leading performance for AI app creation and deployment. The integration with BNB Chain provides ShellAgent with on-chain query and interaction capabilities, strengthening its utility across decentralized environments. BNB Chain’s EVM compatibility, high throughput, and robust developer ecosystem made it a strategic fit for MyShell’s next-gen AI tool. AI Meets Blockchain Utility MyShell describes ShellAgent 2.0 as…

Bitcoin (BTC) is down 1.8% but trades above $117,800 as traders take profits after recent all-time highs. AI-focused crypto tokens jumped 5% overnight as big tech firms like Google and Meta announced massive infrastructure investments. Google plans a $25B data center investment; a Trump-led summit saw over $90B in AI/data pledges unveiled. Bitcoin has taken a slight breather as the East Asian business day gets underway, dipping 1.8% but still trading firmly above the $117,800 mark at the time of writing this article. This pause comes as some traders take profits after a powerful run that saw the leading cryptocurrency…

Ethereum price sits at $3,677, up about 16.5% this week. It keeps stepping over $3,800, only to get shoved back down. With a big unstaking queue hanging in the background and momentum cooling a bit, the obvious question is whether this door finally swings open or shuts again. Two key metrics can help understand what happens from here. Exchange Supply Ratio Near Lows The Exchange Supply Ratio (ESR) is around 0.145, close to this year’s low of 0.142. A ratio is used instead of raw exchange balances because it measures exchange holdings against total circulating ETH, which changes with staking,…

Metaplanet’s stock price has crashed into a bear market this month, falling by nearly 40% from its highest point this year. Summary Metaplanet share price has moved into a bear market as Bitcoin hovers near its all-time high. A likely reason is that its NAV of 2.79 is higher than that of other companies. Technicals point to an eventual Metaplanet stock rebound. Why Metaplanet stock as Bitcoin jumps Metaplanet, one of the biggest Bitcoin (BTC) holders, has crashed to ¥1,180, down from the year-to-date high of ¥1,934. It has plunged to the lowest level since June 3rd this year. Metaplanet…