Author: NBTC
Bitcoin’s rally was fueled by Donald Trump’s victory in the 2024 U.S. presidential election, but that momentum is slowing as the year winds down. According to a recent Bloomberg report, Bitcoin traded at $93,085 early Monday in London. It’s down about $15,000 from its mid-December high. The leading cryptocurrency faces challenges after riding high on optimism around Trump’s crypto-friendly stance. Meanwhile, other digital currencies, including Ethereum and the meme coin Dogecoin, have failed to keep up the gains. Trump’s promise of a national Bitcoin reserve and lenient regulations created a positive outlook in the digital assets market. Bitcoin’s strong performance…
Ethereum price is seeing accumulation as exchange reserves decrease and experts believe it could hit $10,000 in this cycle. Declining Exchange Reserves and Supply Reduction Crypto Quant Exchange reserves data shows that exchange holdings of ETH decreased from 30 million in the beginning of 2022 to 19 million in 2025. This decline may indicate that fewer ETH tokens are on the trading market, as more traders stake them. Less availability on the exchanges may, therefore, enhance a relative stability of the price and also an upward trend in case of an increase in demand. Ethereum Exchange reserve chart Historically, Ethereum’s…
It took 10 years for Bitcoin to receive its first spot-traded, exchange-traded fund (ETF). Up until January 2024, this type of Bitcoin investing was dominated by futures-traded ETFs which don’t hold actual BTC. By holding the actual asset, spot-traded ETFs offer not only direct exposure to Bitcoin without the hassles of BTC custody, but minimal price deviation such as contango in futures contracts. Most importantly, by opening the doors to both retail and institutional investors, Bitcoin ETFs drove the price of Bitcoin up, as custodial exchanges, typically Coinbase, bought BTC in their name. But does that mean it is a…
The crypto industry begins the year with approximately $7 billion in tokens set to be unlocked throughout January, according to data from Tokenomist (formerly Token Unlock). Crypto unlocks are designed to gradually release cryptocurrencies, often to prevent significant sell-offs by early investors or team members. While this process ensures a controlled flow of tokens into circulation, it typically results in short-term price declines. Recent analysis shows that most token unlocks negatively impact prices, though the effects may take weeks to materialize fully. January unlock January’s unlocking schedule includes a mix of one-time “cliff” unlocks and steady “linear” releases. Cliff unlocks—large,…
DeSpeed, a decentralized data acceleration network, is excited to announce its strategic partnership with SkyX. SkyX is an AI-driven platform for weather data operating in the DePIN ecosystem. This collaboration aims to reinvent the collection, distribution, and utilization of weather data across reliable industries for accurate forecasting. https://twitter.com/despeednet/status/1893284682411934176 By leveraging decentralized technology, AI, and blockchain, the collaboration aims to transform weather data forecasting. DeSpeed witnesses its alliance with SkyX through its official X account. DeSpeed and SkyX to Enhance Decentralized Weather Tech To improve weather predictability, SkyX utilizes IoT, artificial intelligence, and weather stations powered by blockchain. The platform decentralizes…
The overall crypto markets are struggling, including major tokens like Bitcoin, Ethereum, and others. Amid this ongoing downtrend, Lookonchain has shared metrics showing that a whale withdrew massive amounts of Bitcoin from Binance. Whale buys 1,700 BTC According to data from Lookonchain, the whale has withdrawn 1,700 BTC worth $161.35 million from Binance today. This is an indication that massive Bitcoin accumulation continues. However, the withdrawal occurred at a time when Bitcoin cooled its momentum, currently trading at $94,982.75. This recent accumulation signifies that the trader and other whales are capitalizing on the market dip to acquire huge quantities of…
Ethereum ICO participant Golem Network resumes its selling spree by transferring 4,850 ETH worth $13.2 million to liquid exchanges. Golem, a leading decentralized computing network, has transferred 4,850 ETH from one of its associated wallets, ‘0x159…53b94’, to Binance and Coinbase. With ETH currently trading at $2,756 per coin, the moved 4,850 ETH are worth $13.36 million. Transaction Details The team behind the project shifted the funds to Binance and Coinbase in nine separate transactions on February 20 between 15:46 (UTC) and 18:19 (UTC). Most of the funds went to Binance, with the exchange’s deposit address receiving 3,800 ETH, worth $10.47…
OKX Ventures, the popular crypto exchange OKX’s investment arm, has participated in the modular real yield layer Cygnus Finance’s pre-seed investment. As per OKX Ventures, by investing in Cygnus Finance via the pre-seed investment round, it recognizes the potential thereof to connect Web3 and Web2 through cutting-edge creator economy solutions. The platform disclosed this development on its official X account. Exciting news! OKX Ventures has joined the pre-seed round investment for @CygnusFi, a modular real yield layer, empowering any blockchain to easily customize its own restaking network and achieve shared security.Read more:https://t.co/Tz46bMX99F pic.twitter.com/RqLnf6iAt9 — OKX Ventures (@OKX_Ventures) February 21, 2025…
Cardano founder Charles Hoskinson has turned his attention to CIP-113, a proposal to standardize programmable blockchain assets. In a tweet, Hoskinson acknowledged the progress made on the initiative, expressing plans to review and provide feedback on the proposal. Hoskinson also revealed intentions to collaborate with the proposal’s development team via Cardano developer J.J. Siler to assess how CIP-113 could align with Cardano’s broader strategy for tokenizing real-world assets (RWAs). Additionally, Hoskinson highlighted the proposal’s potential integration with Midnight, Cardano’s privacy-focused sidechain. CIP-113: A Year in the Making Notably, the whole discussion around CIP-113 after senior blockchain engineer Matteo took to…
Pi Network mainnet will launch on February 20, with major exchanges like OKX and Bitget set to list its native token. Although the launch price has been heavily debated, several exchanges have announced potential airdrops and rewards. Exchanges are Offering Pi Network Airdrop Pi Network is currently the most highly anticipated crypto project in the industry. It has over 3.8 million followers on X (formerly Twitter), more than the Ethereum Foundation, Solana, and other major networks. After several delays and scam allegations, PI is finally launching on February 20. A number of major centralized exchanges will list the token on…