Author: NBTC

Berachain token price continued rising this week as the market reacted positively to its growing decentralized finance ecosystem. Berachain (BERA) climbed to $6.60 on Wednesday, up 31% from its lowest level following its airdrop earlier this week. Its market capitalization has risen to $717 million, making it the 92nd-largest cryptocurrency. Its fully diluted valuation increased to $3.29 billion. Berachain’s ecosystem has continued to grow, with the total value locked in its decentralized finance ecosystem surpassing $3 billion. Most notably, the stablecoin market capitalization on its network has surged to $930 million. This is a significant milestone, as stablecoins play a…

This is a segment from the Forward Guidance newsletter. To read full editions, subscribe. House representatives voted yesterday to overturn the IRS’s “DeFi broker” rule, which was passed in the final days of the Biden administration. The resolution — introduced under the Congressional Review Act — passed in a 292-131 vote. 76 Democrats voted in favor of abolishing the rule. The IRS’s rule required DeFi brokers to file 1099-DA forms, which are the newly approved tax forms that crypto exchanges must use starting in tax year 2025. Given that DeFi companies are not centralized, the requirements were unrealistic, industry advocates…

Robert Kiyosaki, investor, Bitcoin supporter and author of the popular book on personal finance management “Rich Dad Poor Dad” has addressed the millions of his followers on social media to talk Bitcoin to them. Kiyosaki has suggested that Bitcoin can eventually become a long-awaited solution to the issue that has been tormenting humanity throughout its history – poverty. His tweet published earlier was about Bitcoin and about getting richer/poorer and what is driving people in those directions. Kiyosaki on getting richer and poorer Kiyosaki started his most recent X post with a question on the topic he likes so much:…

Ethereum price has been experiencing significant downward pressure, leaving investors wondering if this is a buying opportunity or the start of a prolonged decline. The recent price action has shown Ethereum struggling to hold key support levels, with ETH price currently trading at $1,887. The cryptocurrency market, including Ethereum, has been facing challenges due to macro uncertainty, regulatory concerns, and decreased investor confidence. With Ethereum’s RSI (Relative Strength Index) at 23.61, it has entered oversold territory, which often signals that a potential bounce could be on the horizon. However, the MACD (Moving Average Convergence Divergence) remains deep in negative territory,…

net’s Co-Staking Marketplace is now live enabling the sharing of staking rewards. With the Co-Staking, no hardware is needed for $IO holders to earn staking rewards. The Co-Staking Marketplace connects hardware suppliers with token holders. io.net, a leading platform in the DePIN (Decentralized Physical Infrastructure Networks) space, has launched Co-Staking Marketplace, an innovative feature that allows users to share block rewards. The Co-Staking feature enables both device suppliers and $IO token holders to participate in the network’s validation process and share in the lucrative block rewards, without the necessity of owning physical hardware. Democratizing staking The Co-Staking Marketplace is a…

Ethereum price is in its third consecutive week in the red as investors remain on the sidelines. Ethereum (ETH) traded at $1,758 this week, its lowest level since October 2023. It has plunged by over 55% from its highest level in November last year. Ether has crashed for several reasons. Spot Ethereum ETFs have continued to experience outflows, a sign of waning demand from Wall Street investors. Total outflows in the last three weeks stood at over $513 million, bringing the cumulative net inflows to $2.64 billion. Ethereum continues to lose market share in key industries like stablecoin processing and…

A little-known memer named BuzzlamicJihad launched an unofficial “community takeover” of layer-1 blockchain Aptos, and two months after Aptos Labs founder and CEO Mo Shaikh stepped down, it’s finally catching on—and fueling a massive price surge. Aptos (APT) has spiked 17% over the past 24 hours to a current price of $6.45, according to CoinGecko, making the token the third-biggest gainer in the top 100 cryptocurrencies by market cap during that span. The token’s daily peak price of $6.57 is the highest mark seen since February 2. There doesn’t appear to be much to the community takeover, or CTO, aside…

This is a segment from The Drop newsletter. To read full editions, subscribe. Another blockchain gaming studio is shutting down — Battlebound is closing its doors. The studio was overseeing two games, including the metaverse game Evaverse with an EVA token and an in-development RPG dubbed Anterris. The Evaverse token is down over 99% from its all-time high. Battlebound previously raised $4.8 million in seed funding back in 2022 from investors including a16z and Dapper Labs. It gained another $3 million by selling NFTs. The company had the budget for what’s often called an “AA game” or the equivalent of…

Spot Bitcoin ETFs in the U.S. saw more net outflows on Feb. 19 as Bitcoin struggled amid delays in crypto regulations and ongoing geopolitical tensions, like the U.S.-China tariff disputes, keeping the market in a consolidation phase. According to data from SoSoValue, the 12 spot Bitcoin ETFs recorded $71.07 million in outflows on Wednesday, extending their outflow streak to two consecutive days with $60.63 million exiting the funds the previous day. The majority of outflows came from Fidelity’s FBTC which saw $48.39 million withdrawn by investors followed by Valkyrie’s BRRR, ARK 21Shares’ ARKB and VanEck’s HODL which saw $9.27 million,…

Ethereum (ETH) has seen a significant decline in price, falling from $2,800 to around $1,900 in recent weeks. This drop has triggered a major bearish signal, the first of its kind in two years. However, the current price action may also suggest that recovery could be on the horizon. Ethereum Has A Shot At Recovery Ethereum’s price recently fell below the Realized Price for the first time in two years, a development that has sparked concern among some investors. This drop has caused the Market Value to Realized Value (MVRV) ratio to decline, indicating that investors are facing approximately 7%…