Author: NBTC

This is a segment from the Empire newsletter. To read full editions, subscribe. They say crypto rapidly ages you. Look no further for proof than the ETH chart. More specifically, the ETH chart in comparison to Intel stock. Their trajectories share an uncanny resemblance. The chart below plots the price of ETH in pink against Intel stock in blue but with caveats: INTC is set over the past 50 years (it went public in 1971) on weekly intervals. ETH is set over the past seven years on daily intervals. ETH is advanced by around two and a half years —…

Consensys, the Ethereum software developer best known for its MetaMask wallet, has twice been hit by U.S. authorities’ attempts to exclude it from the financial system, despite the best efforts of its bank the second time around, founder and CEO Joe Lubin said in an interview. The company survived what’s known as Operation Chokepoint 2.0 by holding redundant backup accounts to avoid getting into any operational difficulties. Lubin also said he was personally hit during the purge. Chokepoint 2.0 refers specifically to the debanking of crypto businesses and executives as result of pressure exerted during President Joe Biden’s administration by…

In a recent tweet, Michael Saylor, the executive chairman and co-founder of MicroStrategy, highlighted the company’s record-breaking Bitcoin achievement in the past year: the acquisition of 258,320 BTC. Saylor disclosed that MicroStrategy acquired 258,320 BTC for $22.07 billion in 2024, at an average price of nearly $85,450 per BTC. This acquisition resulted in a remarkable 74.3% BTC yield for the year. Starting the year 2024 with 189,150 BTC, MicroStrategy realized a BTC gain of 140,630 BTC, averaging 385 BTC per day. $MSTR acquired 258,320 BTC for $22.07B (~$85,450/BTC) in 2024 and achieved a 74.3% BTC Yield, starting the year with…

Institutions are increasing their Ethereum ($ETH) holdings, according to data from Lookonchain. During the past two days Cumberland the major trading firm conducted a withdrawal of 62,381 ETH amounting to approximately $174 million from active trading platforms. The funds passed through Coinbase Prime after Cumberland directed the money transfer from exchanges. It seems that institutions are accumulating $ETH.In the past 2 days, #Cumberland withdrew 62,381 $ETH($174M) from exchanges and transferred it to #CoinbasePrime.https://t.co/AT53HHa36m pic.twitter.com/6NJxnKxjZH — Lookonchain (@lookonchain) February 6, 2025 Large Investors Withdraw ETH, Signaling Long-Term Confidence The ongoing movement of Ethereum assets by large investors indicates their interest in…

As the overall crypto market struggles to reclaim a bullish stance, XRP meme coin PHNIX has pumped over 50%. In the last 24 hours, while Bitcoin (BTC) and Ethereum (ETH) have shown clear signs of struggle to reclaim a bullish stance, a few lesser-known coins have pumped double digits. One of the top gainers, as per CoinGecko’s list, is Phoenix (PHNIX). PHNIX is an XRP (XRP) meme coin that has pumped from a 24-hour range of $0.00004662 to as high as $0.0000698. PHNIX 24H price chart | Source: CoinGecko Crypto analyst Gordon recently tweeted that meme coins on the XRP…

The Financial Conduct Authority (FCA) has flagged nearly 20,000 financial promotions in 2024, which were then “withdrawn or amended.” The figure almost doubled compared to the previous year’s flagged ads. Misleading Financial Ads Are Growing In the announcement today (Friday), the British regulator highlighted concerns with crypto assets, debt solutions, and claims management company promotions. Amid the regulatory action, 9,197 promotions for claims management companies, mostly related to housing disrepair and motor finance claims targeted at vulnerable consumers, were withdrawn. “Over the past year, we have seen a growing number of misleading and illegal financial promotions,” said Lucy Castledine, Director…

@lookonchain analytics account on the social media network X has published data regarding daily inflows registered by spot Bitcoin and Ethereum ETFs on January 7. Fidelity has managed to leave BlackRock behind by inflows in their spot Bitcoin exchange-traded funds. Jan 7 Update:10 #Bitcoin ETFsNetFlow: +8,238 $BTC(+$828.97M)🟢#Fidelity inflows 3,625 $BTC($364.8M) and currently holds 209,135 $BTC($21.05B).9 #Ethereum ETFsNetFlow: +33,780 $ETH(+$122.72M)🟢#iShares(Blackrock) inflows 33,618 $ETH($122.14M) and currently holds 1,114,423… pic.twitter.com/FEs5tEBmNo — Lookonchain (@lookonchain) January 7, 2025 Fidelity wins by BTC but loses by ETH inflows @lookonchain shared that on January 7, the net inflows into spot Bitcoin ETFs constituted an impressive $828.97 million…

Ethereum’s highly anticipated Pectra upgrade is set to go live, with key testnet fork dates now announced. According to expectations, Pectra will first launch on the Holesky and Sepolia testnets before an official mainnet deployment is scheduled. In a tweet, Ethereum developer Tim Beiko shared the expected dates for upgrading public Ethereum testnets: Holesky Testnet will fork at slot 3,710,976 on Monday, Feb. 24, 2025, at 9:55:12 p.m. UTC. Sepolia Testnet will fork at slot 7,118,848 on Wednesday, March 5, 2025, at 7:29:36 a.m. UTC. Pectra is going live 🥳Holesky will fork at slot 3710976 (Mon, Feb 24 at 21:55:12…

Cardano founder Charles Hoskinson recently took to the X social media network to clarify that Input Output Global, the blockchain research and engineering company behind the popular proof-of-stake blockchain, will not contribute its ADA holdings to fund the integation of Circle’s USDC stablecoin. Hoskinson has explained that IOG is not obliged to use its private profits to finance such an ecosystem initiative. Meanwhile, the Cardano Foundation, a Switzerland-based blockchain organization, was specifically given ADA tokens in the form of a donation. “They have a mandate to spend it on the ecosystem. That’s the difference,” he said. Earlier today, Hoskinson clarified…

U.K. Member of Parliament Rupert Lowe has expressed openness to learning about Bitcoin, admits he holds XRP. Lowe expressed this sentiment while speaking with Bitcoin maxi Peter McCormack on an episode of the latter’s eponymous podcast, which was released on Wednesday, February 5. When McCormack pressed Lowe about Bitcoin and its value proposition to energy efficiency, Lowe asserted that he was no crypto expert but contended that he saw “the logic of having disciplined currency.” After further discussions, the British MP urged McCormack to come and share his knowledge about it with the Reform party, adding, “I am in favor…