Author: NBTC
Bitcoin (BTC), the leading cryptocurrency by market value, surged 121% last year to cross the six-figure mark, outshining traditional assets. However, this performance falls short in comparison to Pythagoras Investment Management’s Alpha Long Biased Strategy, which pushed the envelope even further. The fund, which combines a BTC base position with two uncorrelated strategies, achieved an impressive return of 204% in 2024, Pythagoras said in an email to CoinDesk. That equates to a 3x gain, significantly outpacing the 2x return a typical buy-and-hold bitcoin investor would have realized. The fund charges incentive fee only when it beats bitcoin’s performance. The fund’s…
The XRP Ledger (XRPL) account and object reserve fees drop by a whopping 90%, potentially paving the way for greater network participation. Prominent XRP community figure Vet called the public’s attention to the development today, noting that XRPL’s account reserve is now 1 XRP ($2.73). This represents a significant reduction of 90% from the previous fee of 10 XRP ($27.3). XRPL Labs Founder and XRP Proponents Advocate for Reserve Fee Reduction It is worth mentioning that the fee was previously set at 10 XRP to prevent the creation of spam and inactive accounts on XRPL. While the move protected the…
Hyperliquid, a layer 1 blockchain and decentralized exchange, has integrated Router Protocol’s Nitro bridge to enable direct deposits from more than 30 EVM and non-EVM chains, including Ethereum, Solana, Sui, Tron, and Base. The integration eliminates a previous two-step process that required traders to bridge funds through Arbitrum before accessing Hyperliquid. Users can now deposit assets directly through a single interface. The platform has seen substantial growth in the past six months, attracting over $1 billion in net stablecoin inflows and reaching $3 billion in total value locked. Its deposit bridge currently holds more than $2 billion in stablecoins, according…
Semler Scientific expanded its Bitcoin treasury with nearly a $30 million purchase, while reporting a 58.4% BTC yield since adopting its crypto strategy. Healthcare tech company Semler Scientific boosted its Bitcoin (BTC) holdings, acquiring 297 BTC for $29.1 million between Nov. 18 and Nov. 22 at an average price of $97,995 per BTC, according to a Nov. 25 press release. As a result of the company’s latest transactions, its total crypto holdings now stand at 1,570 BTC, acquired at an aggregate cost of $117.8 million and an average purchase price of $75,039 per BTC, the press release reads. The healthcare…
Leading altcoin Ethereum (ETH) has seen a remarkable spike in the past week. Its value has climbed nearly double digits and currently trades at $3,672. However, hopes of a sustained rally towards the $4,000 mark may face headwinds as a significant increase in sell orders has been observed in the coin’s futures market. Ethereum Sellers Dictate Price Trends CryptoQuant’s data shows a surge in sell orders in the ETH futures market, with its taker buy-sell ratio remaining below one since January 4. Currently, the ratio stands at 0.84. This metric tracks the proportion of buy orders to sell orders in…
Ripple says the UAE is spearheading global crypto adoption, with innovative regulations and stablecoin growth positioning the region as a hub for digital assets in 2025. Ripple Champions UAE’s Crypto Dominance – Digital Assets Set to Explode Ripple’s Middle East and Africa Managing Director, Reece Merrick, has highlighted the company’s ongoing commitment to fostering the digital asset ecosystem across the region, while also laying out Ripple’s vision for 2025. In a post on social media platform X last week, Merrick stated: Ripple remains committed to advancing the digital asset ecosystem across the Middle East and Africa. His message focused on…
A large buy by a $VIRTUAL whale investor has recently been revealed and took place amid a downturn in the cryptocurrency market. Thus, based on the data of Spot On Chain, the investor bought 1.54 million $VIRTUAL tokens with 575 $ETH (approximately $2.12 million) for the Base blockchain. This was done when the token was on a 12% dip, and this may indicate the investor’s confidence in the value of the asset in the market. A whale just spent 575 $ETH ($2.12M) to buy 1.54M #VIRTUAL on #Base in a single transaction after the price dropped ~12% today!This marks the…
COPX AI is a remarkable project focused on decentralized finance, and they announced a partnership with Singular AI Network (SAIN). The collaboration of these companies will hence unlock the possibility of redesigning decentralized finance (DeFi) through advanced blockchain and AI technologies. Singular AI Network x @Copx_AI Partnership AnnouncementWe are excited to announce our partnership with COPX, an innovative project dedicated to decentralized financial solutions. COPX leverages cutting-edge blockchain technology to deliver secure, transparent, and user-friendly… pic.twitter.com/nbDPyBtRJy — Singular AI Network | SAIN (@SainNetwork) January 6, 2025 The Vision Behind the Collaboration COPX AI is renowned for its highly developed blockchain…
As Bitcoin faces bearish pressure on the path to its next milestone, on-chain analysis has identified one reason behind its inability to reach the level. In Bitcoin news today, BTC’s recent price action has been nothing short of remarkable, especially as it approached the $100,000 mark. Despite reaching a peak of $99,800 on Nov. 22, the leading cryptocurrency failed to breach the psychological milestone, correcting slightly since then. Heavy Profit-Taking by Long-Term Holders Several on-chain indicators and expert analyses suggest the reasons behind this resistance. A recent commentary from on-chain analyst Checkmate revealed a major factor in Bitcoin’s struggle to…
Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision. Ethereum is down -6.71% today against the US Dollar ETH/BTC decreased by -2.80% today Ethereum is currently trading 6.56% above our prediction on Jan 12, 2025 Ethereum dropped -13.04% in the last month and is up 52.79% since 1 year ago ETH price is expected…