Author: NBTC

Prominent Bitcoin supporter and MicroStrategy executive chairman Michael Saylor recently said that Bitcoin is worth all the money in the world. Saylor continues to support his sentiment with action, regularly adding Bitcoin to MicroStrategy’s holdings whenever liquidity permits, despite the fact that such a statement may seem overly dramatic. Recent acquisitions show mixed performance when examining MicroStrategy’s Bitcoin purchase history. A total of 2,530 BTC were purchased on Jan. 13, 2025, at an average price of $95,972 per coin. Other recent acquisitions paint a different picture, even though the purchase currently shows a modest profit of $3.06 million (1.5%). An…

Base is growing its underlying app activity, even after the slowdown of memes and AI agents. The growth of Morpho lending and overall DeFi value locked is driving the expansion of Base. Base keeps growing based on DeFi lending, as its app activity is up by 129%. The chain carries more than 500 decentralized apps, though top DeFi hubs are trending in early 2025. Activity on the tokenless chain expanded to over 2M daily active users in January, as the chain increased its liveliness in the past three months. Base app-based volumes reached an all-time peak after a boost from…

Nvidia’s stock plunged Monday, losing $600 billion in market value—the largest single-day market cap loss in history—as global attention turned to Chinese AI startup DeepSeek. The tech giant’s stock began the day trading at $140 but fell 16% and closed at $118 as news of DeepSeek’s low-cost AI developments and high-performance spread. Its plunge reflects a broader trend, with the U.S. tech industry shedding an estimated $1 trillion in market capitalization and those concerns spreading to other areas of the economy, including crypto. DeepSeek’s ability to outperform OpenAI’s o1 while operating at a significantly lower cost, reportedly under $5 million,…

Virtuals Protocol, an AI agent platform, has experienced a staggering decline in daily revenue. The revenue plummeted from $1.58 million on January 2 to just $21,927 by January 21. This sharp drop of almost 99% has raised eyebrows in the crypto community, and speculation is mounting about its underlying causes. Is Meme Coin Mania to Blame for Virtuals Revenue Drop? According to data from Dune Analytics, Virtual Protocol’s daily trading revenue has dropped since hitting a peak on January 2. Daily Trading Revenue Chart of Virtuals Protocol. Source: Dune One significant factor behind the revenue decline appears to be the…

This is a segment from the Forward Guidance newsletter. To read full editions, subscribe. President Trump yesterday issued his first crypto executive order. The news and ensuing chaos on Crypto Twitter reminded me of Biden’s crypto executive order, published in March 2022. Let’s take a trip down memory lane. Here’s what Trump’s report says, and how it differs from Biden’s plans: On CBDCs Trump’s order prohibits federal agencies from establishing, issuing or promoting central bank digital currencies. It calls for any ongoing projects creating a CBDC to be “immediately terminated.” CBDCs “threaten the stability of the financial system, individual privacy…

Bitcoin (BTC) adoption by U.S.-listed public companies continues in full steam. The latest purchase comes from NYSE-listed Genius Group (GNS). On Jan. 10, GNS reported increasing its bitcoin holding to $35 million, which was ahead of its scheduled target of $120 million. In the process, it acquired 372 BTC at an average price of $94,047 per bitcoin. The first announcement came on Nov. 12, when it announced its “Bitcoin-first” strategy. On Tuesday, GNS also reported a rights offering, allowing shareholders to purchase additional shares at discounted prices. If fully subscribed, the rights offering could generate $33 million. GNS founder and…

Nvidia faced a catastrophic 16.9% drop in its stock price today, its worst day on Wall Street since March 2020. The sell-off was caused by Chinese AI company DeepSeek, who shattered confidence in the competitiveness of US tech companies. Nvidia’s shares plummeted to levels not seen since October, dragging the broader tech market down with it. The crash hit other major players hard too. Micron and Arm Holdings dropped over 11% and 10%, respectively, while Advanced Micro Devices (AMD) and Broadcom took severe hits of 6% and 17%. Power infrastructure companies tied to AI, like Constellation Energy and Vistra, faced…

The TREAT token from the Shiba Inu ecosystem has emerged among the top gainers in the crypto market after initially experiencing a devastating price slump post-launch. Data from the market tracking platform CoinMarketCap shows that TREAT has surged by 61% over the last day, trading at $0.008533 at press time. This comes despite a largely bearish market led by Bitcoin. Meanwhile, prominent centralized exchange KuCoin posted a tweet today ranking TREAT as the top gainer in the past 24 hours with a 111% surge. At the time of the update, Shiba Inu’s TREAT price was $0.0098. These figures suggest that…

The U.S. House Oversight Committee has launched an investigation into alleged debanking practices targeting crypto companies. On Friday, Committee Chair James Comer sent letters to prominent crypto executives, including Coinbase CEO Brian Armstrong and Uniswap founder Hayden Adams, seeking information about reported banking restrictions. The inquiry aims to assess whether financial institutions acted independently or were influenced by government pressure to deny services to crypto firms. 1/ Today we, along with some of the most important crypto companies and investors, received a letter from @GOPoversight asking for information on the recent debanking of lawful companies and individuals.We’re grateful for @RepJamesComer’s…

Bitcoin (BTC) and other digital assets have dropped as part of a wider macro-driven sell-off in the market and there is a risk that forced selling could lead to further weakness, investment bank Standard Chartered said in a report on Monday. The market downturn was triggered by Federal Reserve Chairman Jerome Powell’s hawkish press conference in mid-December. The bank noted that investors who took on bitcoin exposure after the U.S. election in November, are now “only breaking even,” and there is a risk that forced or panic selling could add to the sell-off. This includes exchange-traded fund (ETF) buyers and…