Author: NBTC

Ether (ETH) has fallen more than 5.1% over the past 24-hour period to below $2,600, while bitcoin (BTC) is down around 2.9% over the same period to $95,700. The largest altcoin’s price performance has pushed down the CoinDesk 20 Index by nearly 4% over the period amid a market downturn that also affected equities markets over U.S. President Donald Trump announcing plans to unveil reciprocal tariffs next week, escalating fears of a trade war with the country’s major trading partners. Yet ether’s underperformance comes amid other factors influencing the cryptocurrency specifically, including its circulating supply having recently risen past pre-Merge…

Donald Trump Jr. believes crypto to be the future of American dominance, he said in a conversation at the Ondo Summit in New York City on Thursday. “I think it’s perhaps the future of American hegemony, in terms of our economic status, our economic might,” Trump Jr. said. The son of the U.S. president made a surprise appearance at the event after World Liberty Financial (WLF), the crypto project backed by the Trump family, bought Ondo’s native cryptocurrency (ONDO) earlier today. “We do have to create that framework in which [crypto], which I believe to be the future of finance,…

Ethereum enthusiasts and hosts of the Bankless podcast, David Hoffman and Ryan Sean Adams, faced heavy criticism over the weekend following accusations of dumping AICC, the token of Solana-based AI Investment and Development DAO, Aiccelerate. Both Hoffman and Adams, as well as the brand’s VC arm, had received unlocked token allocations in exchange for small seed investments. At its peak, AICC was trading at around $0.30, making the 9 million tokens allocated to each worth over $2.5 million, in theory. The controversial sales came from Bankless Ventures’ 3.64 million allocation on the day of the token launch. Multiple clips of…

io.net, a renowned decentralized computing ecosystem for developers, has announced an exclusive partnership with Orbit, a leading AI-powered platform for optimizing blockchain interactions. The collaboration aims to improve the interactions of AI agents in decentralized GPU ecosystems in the blockchain sector in terms of transparency. This move aims to make on-chain actions fully verifiable to enhance user trust. With the development of the AI and DeFi world, AI agents have taken a significant place in optimizing complex blockchain interactions. They operate in the form of an abstraction layer to simplify procedures across various protocols and chains. However, their operations have…

The SEC postponed its decision on Ethereum ETF options trading and will announce a final ruling on April 9 2025. BlackRock’s Ethereum ETF leads the market with $3.7 billion in assets but faces uncertainty over options trading approval. The SEC is reviewing multiple proposals for Ethereum ETF options as concerns grow over risks for retail investors. The U.S. Securities and Exchange Commission has extended its review period on options trading for BlackRock’s iShares Ethereum Trust ETF. The agency will need more time to assess the proposal. The federal agency will give its final decision on April 9, 2025. Bloomberg’s senior…

StarAI, a well-known platform converting tradable assets from AI creations using blockchain technology, has announced an exclusive partnership with Adot, an AI-driven Web3 search engine. The partnership aims to redefine AI-led and decentralized Web3 search to benefit users. This development leverages the expertise of StarAI in the AI sector and combines it with the innovative approach of Adot for search. 🚀 #StarAI is proud to partner with @Adot_web3 – the Decentralized AI Search Network! 🔍✨🙌 What is ADOT?#ADOT is building a decentralized AI-powered search network, redefining how users explore #Web3 content. It offers a smarter, more open search experience while…

In a lighthearted tweet, Dogecoin co-founder Billy Markus, who goes by “Shibetoshi Nakamoto” on X, has reacted to Bitcoin’s recent price drop of over 5%. Markus humorously commented, “bitcoin ate some fast food this morning,” while sharing a Bitcoin chart to illustrate its price drop. bitcoin ate some fast food this morning pic.twitter.com/xe8ZfW8FQ2 — Shibetoshi Nakamoto (@BillyM2k) January 7, 2025 The Dogecoin’s founder’s statement that “bitcoin ate some fast food” might playfully imply that the leading cryptocurrency experienced a quick dip, much like indulging in fast food. His comment comes amid a broader market sell-off that has seen significant liquidations…

Ethereum has retreated for two consecutive weeks as concerns about weak demand and falling market share remain. Ethereum (ETH) dropped to a low of $2,140 this week and bounced back to $2,620 as the crypto industry stabilized. It remains about 37% below its highest level in December last year. Solana becomes formidable rival DeFi Llama data shows that Ethereum’s 30-day trading volume was $95 billion compared to Solana’s (SOL) $264 billion. Ethereum has also been overtaken in terms of fees this year. Its network has collected $172 million in fees, making it the sixth-most profitable cryptocurrency project after Tether, Tron,…

Institutional ownership in CleanSpark has steadily risen since 2020. The company’s share price surged as institutional support increased. CleanSpark’s growth is tied to growing investor confidence and stock value. The chart above, which highlights institutional ownership of CleanSpark, Inc. (CLSK) over time, provides valuable insights into the shift in institutional investor behavior regarding the company’s stock. Analyst Cantonese Cat shared it on Twitter and included a source citation from Fintel.io. Increase in institutional ownership for $CLSK based on 13Fs filed for February 2025 pic.twitter.com/IL0WQZwZyT — Cantonese Cat 🐱🐈 (@cantonmeow) February 5, 2025 Institutional Ownership Growth The chart displays CleanSpark’s institutional…

PancakeSwap, the multi-chain decentralized exchange, has successfully burned 9 million of the native token CAKE. The DEX platform, available across multiple chains, including BNB Chain, Ethereum, Aptos, Base, Arbitrum, and Linea, announced the token burn on Jan. 13. PancakeSwap (CAKE) has performed similar actions multiple times in the past, as part of its efforts to manage CAKE supply. According to the team’s announcement on X, a total of 8,947,590 CAKE tokens were permanently removed from circulation, reducing the supply by approximately $19 million in value. Currently, PancakeSwap’s total supply stands at just over 380 million CAKE, with a circulating supply…