Author: NBTC
Abstract, the layer-2 network rolled out this week by Pudgy Penguins, is off to a muted start despite offering a series of incentives to new users. The network notched 711,000 user transactions on the day of release, but that respectable total has been overshadowed by a lack of inflows. Its total value secured (TVS) was standing at just $33 million worth of ether (ETH) and stablecoins, a far cry from the tens of billions of dollars distributed across other hyped layer 2 networks. The platform’s native decentralized exchange, NOXA, has $109K worth of total value locked (TVL), down from $515K…
Billy Markus, the co-author of the iconic meme cryptocurrency Dogecoin launched in 2013, has published a tweet to share with the community his thoughts on what is happening on the crypto market right now. On social media, Markus is known under the pseudonym Shibetoshi Nakamoto. In particular, he commented on the world’s premium cryptocurrency losing more than $4,000 in less than one day. Markus is known for his jesting, playful and often sarcastic comments on cryptocurrencies, especially, when they plunge, as if supporting his attitude. He has never called Bitcoin a store of value, nor has he voiced any praise…
With Bitcoin holding steady at around $104k, Ethereum is gearing up for a potential breakout. Will ETH reach the $4,000 mark? As Bitcoin consolidates above $104,000, Ethereum is gaining bullish momentum. This shift comes as a delayed effect of the U.S. Federal Reserve’s steady interest rates, which have helped boost the broader altcoin market. Ethereum has surpassed the $3,200 mark, increasing the likelihood of a breakout. Could this rally propel Ethereum to the $4,100 level? Let’s explore the possibilities. Ethereum Eyes Potential Breakout Rally to Cross $4,000 On the 4-hour chart, the Ethereum price trend reveals a bullish reversal with…
President Donald Trump has announced a series of proposals aimed at reshaping U.S. economic policy. His plan includes imposing higher tariffs on imported goods, withdrawing from an international corporate tax agreement, and introducing significant tax cuts designed to strengthen domestic production. Tariff Hikes on Key Industries Trump’s proposal centers on increasing tariffs on products like steel, aluminum, copper, semiconductors, and pharmaceuticals. These tariffs, which he revealed would exceed the previously proposed 2.5% rate, aim to encourage U.S. manufacturers to bring production back home. Highlighting the need to rebuild the nation’s manufacturing capabilities, Trump referenced the past when the U.S. could…
TL:DR; Within 24 hours of its launch, TRUMP’s price went through the roof at $30, and its market cap soared to roughly $6 billion, according to the two biggest crypto data aggregators. The question now arises whether the newly launched token associated with the president-elect has the legs to become the largest in its field. The cryptocurrency world still finds ways to surprise even the most experienced market participants, and the past 24 hours have only gone to prove that narrative. Who could have expected that the upcoming US president would announce its official meme coin? Especially one who used…
The Electronic Frontier Foundation (EFF), a prominent digital rights group, has filed an amicus brief in support of Roman Storm, a developer of the crypto privacy protocol Tornado Cash (TORN). Storm has been charged with conspiracy to facilitate money laundering, operating an unlicensed money transmitter, and violating sanctions in relation to his work on the Tornado Cash protocol. “The government’s prosecution raises larger civil liberties concerns that could chill the future development of privacy-enhancing technologies more broadly,” the EFF wrote in the brief. The EFF argues that Storm’s prosecution threatens open-source innovation as the core issue in the case of…
Atlaspad established a groundbreaking strategic partnership with InfiblueNFT to develop blockchain-based social platforms that transform digital interactions within Web3 networks. Through this collaboration, Atlaspad will combine its experience in blockchain technology with InfiblueNFT’s social platform to create better Web3 engagement. 🌟 Atlaspad x InfiblueNFT Partnership AnnouncementWe are excited to announce our new strategic partnership with @InfiblueNFT , a blockchain-based social platform that’s redefining digital interactions within the Infiblue World What does this partnership mean?🔗 Exclusive Web3… pic.twitter.com/j4u5DCo1rF — AtlasPad (@Atlaspad) January 29, 2025 Exclusive Web3 Engagement and Growth Opportunities InfiblueNFT achieves daily user numbers that surpass 60,000 individuals. The dynamic…
Leading cryptocurrency Bitcoin has been trending lower lately, with analysts warning of further declines in the short term. At this point, a critical warning came from crypto analysis company Glassnode. At this point, Glassnode stated that Bitcoin is at a critical point and claimed that if the price stays below a certain level, it could enter “bear territory.” Accordingly, pointing to the cost base of short-term investors in Bitcoin, Glassnode stated that the cost price was $88,135. Citing historical data, Glassnode said that Bitcoin could enter “bear territory” if the price remains persistent below $88,135: “Bitcoin’s Short-Term Holding (STH) cost-based…
Ethereum and its Layer 2 ecosystem account for 86% of all real-world assets (RWAs) on the blockchain, according to the latest data from RWA.xyz. The total RWA value on Ethereum and zkSync Era alone amounts to $5.8 billion, leaving other blockchain networks far behind. Ethereum’s $3.8 billion RWA holdings make it the largest platform for tokenized real-world assets. Meanwhile, zkSync Era, an Ethereum Layer 2 solution, adds $2 billion to the total. These figures show Ethereum’s continued dominance in blockchain-based financial infrastructure. Competitors Lag Behind While Ethereum leads the market, other blockchains play a smaller role in RWA tokenization. Stellar…
Despite the dollar’s strength and lower prospects for Fed rate cuts, Trump’s second term has increased demand for gold. The precious metal’s price appears to be on track for a new high in 2025. Investors’ fears began last year. They turned to gold to protect themselves from global uncertainties. This is especially true as the US Federal Reserve cut interest rates three times. As a result, gold’s 27% price increase in 2024, the highest since 2010, made it one of the year’s top-performing investments. However, as 2024 elapsed, gold prices dropped between November and December. Apparently, there was a selloff…