Author: NBTC

Bloomberg commodity strategist suggests the recent Bitcoin price growth amid its ETF milestones could actually favor gold. Following Bitcoin‘s recent $100,000 price milestone, the crypto market is largely optimistic, with most setting their sights on new upward targets. However, amid the wave of excitement, one Bloomberg analyst has offered a different outlook. Be Careful What You Wish for? For a long time, Bitcoin proponents have tried to sell the asset to traditional investors as gold, only more liquid and accessible 24/7. With the launch of spot Bitcoin ETFs in the U.S. in January 2024, this narrative is now taking root.…

Liquid staking protocols are among the most popular options for users who want to stake their ETH, but don’t have the 32 ETH required to launch their own validator. These protocols allow users to deposit their ETH and receive tokens representing the staked ETH. For example, Lido uses the stETH token, while Rocket Pool uses the rETH token. In this article, we’ll be comparing Lido vs. Rocket Pool to help you decide which of the two popular liquid staking solutions is the best for you. The summary is that if you highly value decentralization, you should choose Rocket Pool. Meanwhile,…

The Pudgy Penguins floor price broke through $100,000, up more than 20% in the last 24 hours, as excitement and speculation surround the Ethereum NFT project and its upcoming token airdrop on Solana. The collection of 8,888 Penguin NFTs broke an all-time high mark last week when it began trading around $62,000. Shortly thereafter, the project’s team announced that an ecosystem token—PENGU—will be launched on Solana in the near future, rewarding holders of the Pudgy Penguins ecosystem and beyond. Since that time, Pudgy Penguins has cemented itself as the second most-expensive profile picture (PFP) project, rising by 99% in the…

This is a segment from the Forward Guidance newsletter. To read full editions, subscribe. US equity markets were muted Tuesday as traders await key inflation data. November’s consumer price index (CPI) report will drop tomorrow before the open, followed by the producer price index (PPI) report on Thursday morning. A quick recap of expectations for tomorrow: Analysts are anticipating November’s annual CPI figure to come in at 2.7%, a moderate uptick from October. Core CPI, which excludes volatile food and energy prices, is projected to show a 3.3% annual increase and a 0.3% month-over-month increase in November. Housing costs will…

Agrotoken has announced a new collaboration with Polygon to transform agribusiness by tokenizing agricultural commodities. Agrotoken selected Polygon for its scalability, which will allow it to offer commercial and business opportunities for its users in agribusiness. Tokenization is often looked at as a blockchain application for the financial sector, where real-world assets are tokenized to unlock liquidity. However, it spans every sector and several companies are proving that tokenization can open up new opportunities and business models in day-to-day lives. Agrotoken is unlocking the potential of tokenization in agribusiness, and it has now partnered with Polygon to expand its presence.…

Avalanche-based battle royale shooter Off the Grid has launched its most significant update since entering early access in October. Patch notes reviewed by Decrypt note that the game has reworked how scoped weapons work, added what developer Gunzilla Games framed as a notable performance boost, and made a number of weapon balance changes. After entering early access in October, Off the Grid attracted mainstream attention with tons of clips that showcased the game’s unique mechanics going viral. This helped contribute to the title topping the Epic Games free-to-play PC game list, even surpassing Epic’s own mega-hit Fortnite in the process.…

Former chief technology officer (CTO) of the largest U.S.-based crypto exchange, Coinbase – Balaji Srinivasan – has made an important Bitcoin statement and predicted that BTC will eventually flip gold as an asset. He highlighted that Bitcoin has already reached the status of a global reserve asset and explained why investors and even nations will eventually pick BTC over the most popular precious metal – gold. “Bitcoin is already the global reserve asset” While claiming the world’s flagship cryptocurrency Bitcoin to be the global reserve asset, Srinivasan shared an argument that any entity/individual can purchase or sell any amount of…

Solana recently made headlines by hitting a key 50% retracement level, a pattern that many market makers consider a reliable trading indicator. This technical development highlights the consistency of Solana’s price action. The Solana ecosystem, particularly its decentralized exchange (DEX), Raydium, is growing rapidly. For two consecutive months, Raydium has surpassed Uniswap in monthly trading volume, marking a shift in decentralized finance (DeFi). Raydium’s Dominance in the DEX Market Raydium, the largest automated market maker (AMM) DEX on Solana, has played a key role in the Solana network’s rise. Launched in 2021, the platform allows users to create liquidity pools,…

MicroStrategy’s addition to the Nasdaq 100 on December 23 is expected to drive $2.1 billion in ETF share purchases, potentially bolstering its Bitcoin holdings. Key Takeaways MicroStrategy is set to join the Nasdaq 100 Index, with an official announcement expected on December 13. MicroStrategy’s Nasdaq 100 inclusion could drive $2.1 billion in ETF share buying. MicroStrategy is expected to join the Nasdaq 100 Index on December 23, with an official announcement scheduled for this Friday, December 13. According to Bloomberg ETF analyst James Seyffart, ETFs tracking the Nasdaq 100 are expected to purchase $2.1 billion worth of MicroStrategy shares, representing…

Layer-2 network Scroll is expected to be the main focus of traders next week as it rolls out its native SCR token airdrop. Memecoins may also make a comeback after a significant rally in major crypto assets like BTC, ETH and SOL. Gaming firm Moonveil and communications platform Huddle01 will also host token sales. As the crypto market teeters back into euphoric territory following a rally to three-month highs, several investors are focusing on Scroll, a hyped layer-2 network that will release its native governance token next week. Scroll has around $1 billion in total value locked (TVL) and has…