Author: NBTC
Crypto in 2025 is in for a major haul as Coinbase exchange is planning a major expansion, with plans to list a massive 50-80 new cryptocurrencies in the first half of 2025 alone. This move has all likelihood of triggering a surge in trading volume and pushing prices to new heights. In a blog post, Coinbase reported a 6200% increase in its average daily trading volume in the past year as the exchange expanded its perpetual futures listings from 15 to 106. In December, the exchange recorded all-time high open interests and trading volumes. Now, it plans to scale its…
Billionaire investor Mark Cuban has once again voiced his support for Bitcoin, arguing that BTC is more valuable than gold during times of economic downturn. Speaking in a recent interview with Wired, Cuban highlighted the advantages of Bitcoin as both a store of value and a functional currency, especially in scenarios where the economy faces severe disruptions. Cuban likened Bitcoin to gold, noting that many investors view both as safe haven assets during times of economic uncertainty. However, he emphasized that Bitcoin offers different advantages over gold. “The interest in gold is not based on supply and demand for jewelry,”…
KernelDAO, a leading restaking protocol, has launched a $40 million Ecosystem Fund to accelerate the development of its platform and strengthen its presence within the BNB Chain ecosystem. This initiative shows KernelDAO’s focus on improving decentralized finance (DeFi) and building stronger security with its restaking solutions. KernelDAO’s New Fund: What to Know The newly launched Ecosystem Fund aims to support developers building on KernelDAO’s restaking infrastructure. This move follows KernelDAO’s recent achievement of managing $2 billion in assets across multiple chains, including Ethereum and BNB Chain. “The launch of the Ecosystem Fund is a significant step towards increasing our efforts…
According to a report from crypto exchange CEX.IO, stablecoin transfers reached $27.6 trillion in 2024, outpacing Visa and Mastercard’s combined transaction volume by 7.68%. The report pointed out that stablecoins consistently outperformed traditional payment providers throughout the year despite a dip in Q3 due to broader market slowdowns. This trend signals a shift in global remittances as legacy providers like Western Union and MoneyGram struggle to adapt to a rising demand for digital assets. The stablecoin supply expanded by 59% during this period, exceeding $200 billion. This growth pushed stablecoins to represent 1% of the total US dollar supply, a…
Bitcoin has been faced with a challenging start to 2025 with a rejection at the $100,000 mark. Notably, Bitcoin has been unable to hold substantially above the $100,000 price level since it first broke through in early December, and multiple breakouts have been followed by rejections. The most recent rejection came last week when the price peaked at $102,000 on Monday, only to reverse sharply and fall to $92,000 by Thursday. This continued tug-of-war has brought the bearish case for BTC into sharper focus, with technical analysis highlighting a 50/50 chance of a further drop or a bounce. $90,000: A…
Bullish momentum in crypto is strong and thriving as Bitcoin hovers around $100K. BTC is not the sole beneficiary of greens, though, as the total cryptocurrency market cap has hit record highs, drawing attention from retail and institutional players alike. Amid this traction, web3 startups pulled in $2 billion in Q3 2024, with Crunchbase data showing over 300 deals closed. Although Funding is up, the deal counts are falling. It’s the lowest since Q2 2020. This marks two straight quarters of decline. While some may find this downturn disappointing, this investor behavior suggests that investors are being picky about which…
Ukrainian authorities have blocked access to Kuna, the country’s first crypto exchange, operational since 2014. Kuna, Ukraine’s oldest crypto exchange, shut down just days after authorities quietly blocked access to its platform without offering any explanation. The news came from Kuna’s founder and CEO, Michael Chobanian, who said in Telegram posts that he wasn’t informed by authorities and only found out about the ban when users started reporting the issue. The restriction follows an order issued by Ukraine’s State Service of Special Communications and Information Protection. The order directs Ukrainian’s internet service providers to block access to Kuna’s domain as…
Bitcoin price is consolidating losses below the $95,500 zone. BTC is showing bearish signs and might struggle to recover above the $95,800 level. Bitcoin started a recovery wave from the $91,150 zone. The price is trading below $94,500 and the 100 hourly Simple moving average. There was a break above a connecting bearish trend line with resistance at $93,650 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase if it stays above the $92,500 support zone. Bitcoin Price Struggles Below $95K Bitcoin price started a short-term recovery wave above the $92,000…
A whale dumped 10.97 million ONDO tokens for $13.58 million USDC, leading to a 20.7% loss in just 38 days. This abrupt sell-off comes ahead of a significant token unlock scheduled for January 18. Source: X The upcoming event will see the release of 1.94 million ONDO tokens, which is 14.21% of its circulating supply. Despite growing concerns about potential volatility, analysts suggest the market remains strong, and ONDO maintains key technical levels. Unlock events usually raise concerns about market fluctuations due to sudden increases in supply. However, some investors see this as an opportunity. One such notable trader highlighted…
Kraken will delist Tether (USDT) and four other stablecoins in the European Economic Area (EEA) as the crypto exchange prepares for upcoming regulatory changes under the Markets in Crypto-Assets (MiCA) regulation. The delisting will occur in phases, concluding with automatic conversion of remaining holdings by March 31, 2025. In addition to USDT, other affected stablecoins are PayPal USD (PYUSD), Euro Tether (EURT), TrueUSD (TUSD), and TerraUSD (USDT). The delisting process will begin on February 13, 2025, when margin pairs involving these assets will be set to “reduce-only” for EEA clients. By February 27, spot trading will be restricted to “sell-only”…