Author: NBTC

In a bold prediction for 2025, asset manager Bitwise has predicted significant milestones for two major players in the cryptocurrency space. According to a recent tweet, Bitwise predicts that Coinbase will enter the S&P 500 and MicroStrategy will join the Nasdaq 100. This development could have far-reaching implications, potentially introducing crypto exposure to nearly every U.S. investor’s portfolio. Bitwise’s prediction is part of a broader set of forecasts for the coming year, which also includes expectations for Bitcoin to reach new all-time highs. 2025 PREDICTION: Coinbase will enter the S&P 500 and MicroStrategy will enter the Nasdaq-100. Think of the…

On October 17, ApeCoin DAO reached a critical decision to dissolve four working groups, securing an impressive approval rate of 98.02% on the Snapshot platform. This move specifically targets the groups involved in management, marketing, metaverse initiatives, and Web3 development. The driving force behind this action centers on the unsustainable financial burden these groups represented, amounting to nearly $3 million annually, without yielding the anticipated productivity. Contents hide 1 Why Were These Working Groups Disbanded? 2 How Will Outsourcing Improve Operations? Why Were These Working Groups Disbanded? The announcement pointed out that these groups consistently fell short of their goals,…

In a major development, NFP has announced the upgrade to the MetaMask Developer SDK through its integration with WAGMI. This upgrade is expected to enhance the platform’s Web3 interactions, providing smoother usability and seamless connectivity through MetaMask SDK on NFPrompt. This new was shared on NFP official X account, formerly known as Twitter. It marks the significance of this development. ANNOUNCEMENT ‼️✨ We’ve recently upgraded to using the @MetaMaskDev SDK through their integration with WAGMI. 🦊Enjoy smoother Web3 interactions, enhanced usability, and seamless connectivity through MetaMask SDK on #NFPrompt 🐧⚡️Together with @MetaMask, we’re… pic.twitter.com/DoHKLeWLaZ — NFP (@nfprompt) December 13, 2024…

Marathon Digital Holdings (MARA), has acquired a significant 11,774 BTC for $1.1 billion. MARA’s acquisition follows MicroStrategy’s recent purchase of 21,550 BTC for $2.1 billion. These acquisitions by industry giants like MARA and MSTR suggest a strategic “buy-the-dip” technique. A leading Bitcoin (BTC) mining firm, Marathon Digital Holdings (MARA), has acquired a significant 11,774 BTC for $1.1 billion, as reported by MARA on X (formerly Twitter). MARA made these purchases during a recent market dip, acquiring BTC at an average cost of $96,000 each. MARA’s Bitcoin Holding With this notable BTC acquisition, MARA’s total Bitcoin holdings have soared to 40,435…

In a clear indication of growing institutional interest in decentralized finance (DeFi) tokens, Galaxy Digital made significant withdrawals from cryptocurrency exchanges today. Blockchain analytics show the company removed a total of 1.07 million UNI, worth approximately $18.9 million, alongside 27,722 AAVE, valued at $10.19 million, from exchange wallets. The transactions suggest a strategic accumulation of DeFi assets, reinforcing Ethereum’s role as a major hub for decentralized finance. Whales/Institutions are accumulating #Defi tokens on #Ethereum!#GalaxyDigital withdrew 1.07M $UNI($18.9M) and 27,722 $AAVE($10.19M) from exchanges today.https://t.co/lD8tgkC4Py pic.twitter.com/xX8yZNIfao — Lookonchain (@lookonchain) December 13, 2024 According to Lookonchain, The withdrawal activity, spanning major exchanges such…

The divergence between Ethereum’s price and RSI signals weakening momentum, hinting at a possible market correction. The Awesome Oscillator points to declining momentum, reflecting reduced buying pressure for Ethereum. The $4,000 psychological resistance level poses a challenge to Ethereum’s continued price growth. Ethereum (ETH), one of the most prominent cryptocurrencies, maybe on the brink of a notable price correction. Market gurus have based their predictions of a downfall on technical factors such as the indicators and psych and the barriers. The signal generated by the joint trends of these factors reflects a guarded outlook for trading and investing.” Divergence Between…

At the 4pm close of trading in New York, MicroStrategy will hear the determination of its highly anticipated bid to join the prestigious NASDAQ 100 index. The well-publicized event has already attracted bids from investors who view MicroStrategy as highly qualified for approval. After the NASDAQ committee’s announcement, there are a variety of other catalysts on the horizon for MicroStrategy, including year-end tax loss harvesting, the presidential inauguration, and quarterly earnings announcements. However, in addition to these, there’s also an idiosyncratic catalyst on its near-term calendar: a bitcoin (BTC)-specific, Financial Accounting Standards Board (FASB) rule change. The FASB establishes generally…

Trump-themed meme coins surged as the odds of the former U.S. president winning the 2024 election increased on prediction markets. MAGA Hat (MAGA), a prominent Trump-inspired token, saw its price increase by 23.8%, bringing its market valuation to $68.7 million. Similarly, Super Trump (STRUMP) climbed by 31.9%, reaching $0.0084 per token, while Doland Tremp (TREMP) rose by 20.4%, with a market cap now at $36.1 million. The upward momentum was not limited to these coins alone, as Dark MAGA (DMAGA), a token representing a more authoritarian, dystopian version of Trump often depicted with “laser eyes,” surged by 28%, with a…

IQ, a well-known DeFi entity, has announced the launch of Agent Tokenization Platform. As per IQ, the Agent Tokenization Platform permits the consumers to develop tokenized agents to operate autonomously. The company disclosed this development on social media. 1/ Today, IQ is unveiling its Agent Tokenization Platform (ATP) – a groundbreaking innovation combining AI & blockchain to simplify DeFi and empower users to create & manage intelligent, autonomous agents. Here’s why it’s a game-changer. 👇https://t.co/keDuR9EEhk pic.twitter.com/gSe0TAFMAa — IQ AI (@IQWIKI) December 13, 2024 IQ Releases the New Agent Tokenization Platform Including Autonomous Agents for On-Chain Activities IQ mentioned that the…

Ethereum could be on the verge of a major breakout and surpass $5,000 as soon as early 2025, according to one analyst. Following a strong market recovery, Ethereum has outperformed many other cryptocurrencies, gaining 6% in the past day, according to CoinGecko. “The gears and bolts are in place,” Iliya Kalchev, an analyst at Nexo, said in an interview. “Ethereum could skyrocket beyond $5,000 by early 2025.” Ethereum is up 79% since Donald Trump’s election victory last month, but it still lags behind its all-time high of $4,800 set in 2021. Comparatively, Bitcoin is up 62% over the same period,…