Author: NBTC
Billy Markus, who created the original meme cryptocurrency Dogecoin in collaboration with Jackson Palmer back in 2013, has published a DOGE-themed post. That was his response to Elon Musk’s recent post regarding the content that creators are publishing on the X social media platform. On December 29, tech mogul Musk addressed the global X user community, requesting that they publish “a bit more positive, beautiful or informative content” on his global “digital town square.” Please post a bit more positive, beautiful or informative content on this platform — Kekius Maximus (@elonmusk) December 29, 2024 Markus was among those who took…
Bybit, a leading crypto exchange, has recently made massive $ETH acquisition. As per Lookonchain, Bybit has purchased 34,743 $ETH, raising its cumulative $ETH acquisition to more than 106,000 $ETH over past 24 hours. This is likely an effort to continue smooth withdrawals after losing $1.4 billion worth of ETH to crypto hack. The on-chain analytics platform took to social media to share insights into Bybit’s aggressive $ETH buyouts. Update: #Bybit bought another 34,743 $ETH($97.7M) via #OTC ~40 mins ago.#Bybit appears to have bought a total of 106,498 $ETH($295M) via #OTC in the past 24 hours.https://t.co/s6a5TCfvwP pic.twitter.com/JjoaPJ6Xl0 — Lookonchain (@lookonchain) February…
Despite billions of dollars in bitcoin (BTC) purchases, a televised investor gala, a First Family meet-and-greet, a corporate name change, and a new Nasdaq stock listing, the simple multiple that investors are willing to pay for Michael Saylor’s Strategy (MSTR) BTC has been declining for months. Soaring above 3.4X as recently as November 2024 with calls for it to somehow reach 10X, today’s figure has instead declined below 1.7X. This premium, colloquially known as Strategy’s Multiple-to-Net Asset Value or “mNAV,” is the market capitalization of MSTR relative to its BTC holdings. This simple integer encapsulates investors’ overall faith in the…
Cardano Founder Charles Hoskinson has shared focus areas for the community as to what to expect from Input Output Global (IOG) next year. Charles Hoskinson highlighted Bitcoin DeFi through his official X account as the first task to address. While the list is not chronological, the protocol’s focus on Bitcoin is considered one of its biggest agendas for the coming year. Cardano eyes mainstream partnership The Cardano founder highlighted the protocol’s other focus, including Midnight and Partnerchains. All year long, the Cardano ecosystem has focused on developing the Midnight Network, a protocol it believes is essential to restoring privacy-centric innovation…
Riot Platforms, the publicly listed Bitcoin (BTC) miner from Wall Street (NASDAQ: RIOT), announced record financial results for 2024, reporting $376.7 million in total revenue and $109.4 million in net income. The results come despite facing significant industry headwinds including Bitcoin’s halving and a substantial increase in hash rate or global competition. The Bitcoin mining company finished the year with a deployed hash rate of 31.5 EH/s and increased its Bitcoin holdings to 17,722, up 141% from the previous year. Jason Les, CEO of Riot Blockchain “Riot had a remarkable year in 2024, generating record revenue of $376.7 million and…
Ethereum price failed to clear the $3,000 resistance zone. ETH is consolidating near $2,750 and might aim for a fresh increase. Ethereum is still showing positive signs above the $2,680 zone. The price is trading above $2,750 and the 100-hourly Simple Moving Average. There is a short-term bullish trend line forming with support at $2,780 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a decent upward move if it settles above $2,850 and $2,880. Ethereum Price Eyes Fresh Increase Ethereum price remained supported above the $2,650 level and recently started a decent upward move,…
This is a segment from the Forward Guidance newsletter. To read full editions, subscribe. US equities erased some of last week’s losses Monday as investors looked ahead to more fourth quarter earnings reports and a key inflation print this week. Nvidia is scheduled to report its Q4 earnings on Wednesday afternoon. After months of trading sideways, it’s reasonable to think investors will be looking for any sign to bet again on the chipmaker. On the other hand, the days of Nvidia having little competition are long over. Either way, Wednesday’s report will move markets across the board. January’s PCE report,…
Stablecoins play a critical role in the crypto ecosystem, enabling seamless transactions and driving liquidity across blockchains. Data from CryptoRank reveals that Solana, Ethereum, and Tron led the stablecoin market in 2024, recording significant transfer volumes. These networks showcased distinct strengths and adoption patterns, reflecting their growing impact in the crypto space. Source: X Solana Dominates Stablecoin Transfers Solana topped the list, recording a $10.5 trillion in stablecoin transfers, cementing its position as a leading blockchain. Despite this, Solana’s price fell by 0.97% in the past 24 hours to $189.76. Its 24-hour trading volume reached $3.26 billion, reflecting sustained investor…
Anyone paying attention to public bitcoin miner markets will know that artificial intelligence (AI) and business pivots to high performance compute (HPC) are all the rage among bitcoin miners. What started as a gradual trend last year has suddenly become a business strategy that many leading public bitcoin miners are exploring. This article first appeared on Blockspace Media, the leading Bitcoin industry publication dedicated to covering Bitcoin tech, markets, mining, and ordinals. Get Blockspace articles directly in your inbox by clicking here. Core Scientific, Bit Digital, Hut 8, Hive and IREN currently have revenue-generating AI/HPC business lines, while Crusoe Energy…
Ethereum’s bullish RSI cross signals a potential breakout and strong upward momentum. Prices hold above key support, reinforcing confidence in a sustained rally. Analysts predict a short-term target of $3,200 based on historical breakout patterns. Ethereum — ETH, is poised for a significant rise as the weekly Stochastic RSI moves toward a bullish cross. Analysts see strong upward momentum, with prices holding above a key moving average. The recent Bybit hack failed to shake Ethereum’s stability, strengthening the bullish outlook. Technical patterns suggest a significant rally, with traders watching for further gains. #Ethereum Most Hated Rally Imminent 🚀Weekly Stochastic RSI…