Author: NBTC
Bitcoin dominance is now at multi-year highs, the bank said. Ether (ETH) has underperformed year-to-date, declining over 20%, but fundamentals are improving and total value locked (TVL) on the Ethereum blockchain has risen dramatically, Wall Street bank Citi (C) said in a research report Monday. “While user activity has been volatile in recent weeks, the fundamental backdrop is not all that murky,” analysts led by Alex Saunders wrote. Citi noted that TVL on the Ethereum network has risen sharply, while ether exchange-traded funds (ETFs) are still seeing inflows, and search interest is rising. Following the U.S. election in November, ether…
Wall Street’s biggest banks are wasting no time. They’ve smelled opportunity, and it reeks of Bitcoin. With newly-elected president Donald Trump embracing digital assets, Morgan Stanley, Bank of America, and Royal Bank of Canada (RBC) are racing to lock in crypto IPOs, share offerings, and convertible bonds, according to a report from Bloomberg. Morgan Stanley has started courting crypto companies looking to go public after the bank helped Coinbase sell convertible bonds. The bank has already been working with IREN, a Bitcoin mining and AI data operator, on new monetization strategies since July. And Bank of America’s investment wing is…
A crypto whale has drawn attention after buying numerous little-known altcoins, including Fairum (FAI), Virtuals Protocol (VIRTUAL) and aixbt by Virtuals (AIXBT). As Onchain Lens highlighted today, the trader has invested thousands of dollars into these upcoming altcoins. Whale bets on FAI, VIRTUAL, and AIXBT According to data reported by Onchain Lens, the whale spent 329 WETH worth $1.06 million to buy 2.62 million AIXBT coins for $0.40 for each coin. The trade then spent 292 WETH worth $944,000 to buy 16.77 million FAI tokens for $0.056 for each token. He eventually spent 290 WETH worth $934,000 to buy 298,738…
Orbler, a prominent Web3 marketing firm, has recently announced its latest partnership with Gamerge, a popular Binance Smart Chain-based GameFi aggregator. The collaboration focuses on redefining the gaming market. The partnership brings an advanced fun-to-play-to-earn model for massive crypto rewards. Overall, this unique model provides an immersive player experience. Consumers can expect the latest GameFi solutions as a result of this partnership. 🚀 Orbler is partnering with @Gamergeai, a next-gen GameFi aggregator on the Binance Smart Chain! 🎮 Together, we’re revolutionizing gaming with a fun-to-play-to-earn model, offering immersive gameplay and real crypto rewards. Stay tuned for more! #Blockchain #Web3 #GameFi…
Bitcoin (BTC) has once again surpassed the $100,000 mark reaching an intraday high of $102,514, its first breakthrough above this psychological level since mid-December 2024. $103K Resistance Looms as Bitcoin Climbs to $102,514 Amid Volume Spike This latest bitcoin surge reflects strong bullish momentum, with buyers stepping in decisively to drive prices higher. The 1-hour BTC/USD chart indicates a steady uptrend with clear signs of accumulation around the $97,000–$98,000 range, as evidenced by the consolidation zone seen earlier in the week. Following this consolidation, BTC broke out with a strong upswing accompanied by a significant spike in volume at precisely…
TaoFi, a new DeFi project in the Bittensor ecosystem, has raised a strategic round of funding, led by DCG, with additional participation from Pantera Capital, Taostats, Lyrik Ventures, and other strategic partners.—This funding will enable TaoFi to build foundational AI-powered DeFi primitives on the Bittensor EVM, including the first TAO-backed stablecoin, a decentralized exchange, and a liquid staked version of TAO.“TaoFi is pioneering a critical next step in the evolution of Bittensor, by integrating foundational DeFi infrastructure that unlocks new financial utilities for the deAI network.”Anna Bertha, Investment Lead at DCGAnna continued, “We see TaoFi as a catalyst for pushing…
Ethereum, the second-largest cryptocurrency by market cap, has seen a sharp 36% drop over the past seven weeks. This decline has sparked concern among investors and traders, as fewer ETH holders are now in profit. The negative sentiment is causing many retail traders to sell off their tokens, and with Ethereum underperforming compared to other major cryptocurrencies, questions are rising about its ability to recover. However the scene is changing, in the downtrend, Ethereum has experienced a historic event that could shape its price journey in 2025. Between February 8 and 9, around 224,410 ETH were moved off exchanges—marking the…
According to President Emmanuel Macron, foreign and domestic companies in France have agreed to invest a total of €109 billion ($113 billion) in artificial intelligence projects in the country. The investment is part of the European country’s plan to become a competitive hub for AI development, just as the US is currently. Macron announced the news during a two-day artificial intelligence summit which took place in Paris. Key investors were from private and public sectors The deal includes a mix of new and previously announced investments from Amazon.com Inc., Brookfield Asset Management, and Apollo Global Management Inc. A significant portion…
Cryptocurrency whales are taking advantage of a dip in the price of the native token of the high-performance hybrid exchange Hyperliquid, which is designed to combined elements of centralized and decentralized exchanges. According to data from on-chain analysis service Spot On Chain, crypto finance firm Amber Group has spent a total of $7.22 million to buy 342,845 HYPE tokens at an average price of $21.06, leading to a total holdings of the cryptocurrency of 730,749 tokens. Per Spot On Chain, Amber Group spent near $10 million to accumulate these tokens that are now worth around $16 million. Institutions are seizing…
Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and cryptocurrency news from the past week. This edition examines how El Salvador is now placing its Bitcoin-focused policy front and center in its international engagements, suggesting that there may be no turning back. Latam Insights Encore: Bragging Means There Is No Turning Back in El Salvador’s Bitcoin Entanglement El Salvador, which became one of the first nation-states to embrace bitcoin almost completely as part of its economic policy, seems to have reached a point of no return when it comes to promoting bitcoin as part…