Author: NBTC

Spot Bitcoin exchange-traded funds in the United States recorded their third consecutive day of outflows this year, as Bitcoin fell below $90,000 amid a broader market risk-off sentiment. According to data from SoSoValue, the 12 spot Bitcoin ETFs logged $284.19 million in net outflows on Jan. 13, extending their outflow streak to three days, during which over $1 billion exited the funds. Fidelity’s FBTC led the outflows on Monday, with $113.64 million exiting the fund, followed by ARK 21Shares’ ARKB, which saw outflows of $92.36 million. Grayscale’s GBTC and Bitwise’s BITB also contributed to the negative momentum, with investors withdrawing…

Sonic’s Total Value Locked (TVL) reached an ATH of $257.24 million this week on January 28, 2025. The surge is an indicator of robust activity on the blockchain. Major protocols fueling Sonic TVL’s growth The top 10 protocols contributing to Sonic’s TVL are Silo Finance, Beets, Avalon Labs, Swapx, WAGMI, ICHI, Beefy, Shadow Exchange, Equalizer Exchange, and Uniswap. Silo Finance, a decentralized lending protocol, emerged as the top contributor with a $112 million TVL on the Sonic network. This massive TVL suggested that Silo Finance is significantly benefiting from its decentralized lending platform that enables users to borrow virtual assets…

Bernstein remains bullish on Core Scientific (CORZ) even after the shares tumbled 30% earlier this week as Chinese artificial intelligence (AI) startup DeepSeek challenged the idea that bitcoin (BTC) miners had value as data center plays. The slide means the stock is now available at a deep discount, the broker said in a research report Thursday. Core Scientific is the “leader of the pack” of the AI-focused miners, the report said, with 1.3 gigawatt (GW) of available power supply and a 12-year AI deal with CoreWeave. “Bitcoin miners have a 12-18 month finite window to build a hybrid data center…

Cardano founder Charles Hoskinson suggests that the blockchain network he founded could handle volumes better than Solana at no additional cost to app builders. Amid surprise meme coin launches from President-elect Donald Trump and now the incoming First Lady Melania Trump, the Solana network has seen significant traffic over the past few days. While this traffic has boded well for the price of SOL, the network’s native token, it has also revealed current cracks in the network’s infrastructure, leading to several reactions online, including from the founder of Cardano, a competing blockchain solution. Cardano Can Do Better? Cardano founder Charles…

Bitcoin suddenly dipped below $90k and it has sparked heated debates in the crypto community. The space has divided into two where one believes this is ending the bull market while for others it is just another opportunity. Market sentiment feels more fearful than opportunism. A Fearful Drop or a Golden Chance? The mention of Bitcoin slipping below $90K in various online discussions caused a stir. While fear usually signals market uncertainty, history shows it can also signal a rebound. The crypto greed and fear index sits at 46, which leans toward fear. But many investors are now talking about…

Chainlink has launched a new product aimed at the decentralized finance market. According to a blog post, the Chainlink DeFi Yield Index is a data product that leverages the decentralized oracle network’s standard to aggregate lending rates across the decentralized finance ecosystem. Chainlink (LINK) has integrated zero-knowledge proof data platform Space and Time to introduce the Chainlink DeFi Yield Index to the market. Space and Time is a leading data warehouse that recently raised $20 million from venture capital investors. The DeFi Yield Index uses Space and Time’s blockchain indexer and database to bring real-time on-chain activity to the index,…

Despite Fed Chair Jerome Powell stating that banks can perfectly serve crypto customers, FOX Business journalist Eleanor Terrett claims he is subtly discouraging them. On Wednesday, Jerome Powell, the Federal Reserve (Fed) chairman, disclosed that U.S. banks can perfectly serve crypto customers. Powell made this known in a statement while speaking at a recent FOMC meeting, where he outlined the Fed’s stance on crypto-related banking. Fed’s Crypto Focus In the statement, Powell suggested that the Fed is not primarily concerned about Bitcoin but how banks under its supervision serve customers of the nascent asset. He emphasized that banks can serve…

Phil Kwok, a guest lecturer at Cambridge University and co-founder of the crypto learning platform EasyA, recently discussed how far the XRP price could rise. In a post on X, Kwok introduced a three-step framework to assess blockchain ecosystems and how sustainable they are. Notably, this framework focused on three factors: supply, demand, and supply shocks. Essentially, these factors are responsible for determining a token’s value. XRP Supply Situation In his commentary, Kwok stressed that it is important to understand the origin of an asset and token creation. With this, he pointed out that XRP has a fixed supply of…

A solo miner succeeded in producing the header for Bitcoin block 881423, taking the whole 3.125 BTC rewards. The miner is part of a new drive to use simple equipment to bring back retail BTC block production. A Bitcoin block at height 881423 was solved by a solo miner, who took the entire 3.125 BTC reward. Despite the near-record hashrate and competition, mining remains a game of luck, and the block was discovered with a small fraction of the total hashrate. The discovery of a solo block usually happens a few times a year and is highly improbable but not…

Veteran commodities trader Peter Brandt hints that the recent Bitcoin bounce has notable implications. Over the past 24 hours, the market tested the faith of many Bitcoin holders as BTC price saw a sharp decline from near $96,000 to below the psychologically important $90,000 level. The decline, however, was short-lived as the asset bounced back even faster. The price action likely has notable implications, as one veteran trader has recently hinted. Bitcoin’s “Significant” Bounce Veteran commodities trader Peter Brandt has hinted that Bitcoin’s recent bounce has notable implications. In a Tuesday, January 14 response to a “Cheds Trading” X post…