Author: NBTC
Fundstrat chief investment officer Tom Lee says those who turn a blind eye to Bitcoin likely believe that BTC will eventually plunge all the way down to zero. In an interview on the Global Money Talk YouTube channel, Lee says Bitcoin has proven its staying power after over a decade of existence. He also notes that it’s now very unlikely for Bitcoin to vanish, given that the incoming Trump administration has repeatedly expressed its support for the largest crypto by market cap. “I think that it’s probably better to just observe a few things. One is Bitcoin has now been…
Since gracing the cover of the New York Times, Pudgy Penguins have been on a rollercoaster ride. Originally a cute profile picture NFT collection, Pudgy Penguins endured the ousting of its founder before finding mainstream success, with licensed toys landing on the shelves of Walmart and Target stores nationwide. Launched amid the NFT boom in 2021, the collection and its ecosystem of companions has become the face of Web3, garnering millions of social impressions and exploding beyond the relatively small sector of crypto participants on X (formerly known as Twitter). Here’s everything you need to know about Pudgy Penguins. What…
Two US lawmakers are accusing seven of the largest American banks by total assets of failing to pass the benefits of a high interest-rate environment to customers. In a letter to the CEOs of Bank of America, Citibank, JPMorgan Chase (JPMC), US Bank, PNC Bank, Truist and Wells Fargo, US senators Elizabeth Warren (D-Mass.) and Jack Reed (D-R.I.) say the lenders have increased the interest rates they charge borrowers while keeping the rates they pay to savings accounts low. “Deposit rates for savers always lag behind the federal funds rate, but this gap is larger for customers of big banks…
In recent days, Bitcoin and altcoins have experienced a recovery, with the BTC price exceeding $ 102,000. While there has been a general rise in altcoins, this rise has also mobilized whales. At this point, cryptocurrency analysis company Santiment announced the 10 altcoins that experienced the highest increase in whale activity. “Among altcoins with a market cap of over $500 million, the projects that saw the biggest increase in whale transactions this week are: 1) Maker DAO – DAI (BNB): +800% 2)Dexe Network – DEXE: +250% 3)Layer Zero – ZRO (Optimism): +200% 4)Aave – AAVE (Polygon): +200% 5) Maker DAO…
Atleta Network, a multi-layer and modular blockchain ecosystem, has announced its partnership with DexCheck AI which offers AI-led tools along with precise on-chain data. The partnership focuses on enhancing the trading experience. In this respect, the collaboration leverages DexCheck AI for AI-driven insights, real-time market data, and analysis. The crypto traders can anticipate a redefined experience as a result of this strategic partnership. Overall, this endeavor underscores a significant development for AI and DeFi realms. 📊 Partnership Announcement: @DexCheck_io x @Atleta_Network!DexCheck is a DeFAI analytics tool, empowering traders with AI-driven insights, on-chain data, and real-time market analysis.🔥 Elevate your trading…
Veteran trader Peter Brandt recently posed a key question that could shape Bitcoin’s next move. In a tweet, Brandt hinted at a potential shakeout in the Bitcoin market, implying that a final “dump” or extended period of sideways trade might occur before a large rally. “The big question in my mind is whether Bitcoin will get one more dump (or more lengthy congestive chop) before the pump. Remember, markets generally do not sour until retail traders get worn out,” Brandt wrote. The big question in my mind is whether Bitcoin will get one more dump (or more lengthy congestive chop)…
US crypto ETFs have registered massive net cash inflows of $655.9 million in the last seven days. That is according to the latest data shared by Phoenix Group today. During this period, spot Bitcoin ETFs registered bigger amounts of inflows worth $588.2 million. Spot Ethereum ETFs also recorded significant net inflows of $68 million over the same duration. Collectively, US crypto ETFs currently manage $136.06 billion in assets under management (AUMs). While Bitcoin funds now control a whopping $124.5 billion in AUMs, Ethereum ETFs AUMs reach $11.5 billion as of today, January 31, 2025. CRYPTOCURRENCY ETFs OVERVIEW (30D) #iShares #FidelityWiseOrigin…
An XRPL ammendment that will pave the way for the creation of an XRP/RLUSD AMM pool has achieved validator approval. The XRP Ledger (XRPL) community has approved a significant amendment to allow the creation of automated market maker (AMM) pools for RLUSD. This change comes as the XRPL ecosystem seeks to boost XRP liquidity and support wider adoption of Ripple’s stablecoin. AMM Clawback Amendment Hits Validator Approval The AMMClawback amendment, which recently gained over 85% approval from XRPL validators, will specifically allow tokens with a clawback feature, like RLUSD, to be used in AMM pools. This comes ten months after…
The Web3 ecosystem gained an exciting development when Unmarshal 2.0 formed a strategic partnership with SocialTox which operates as a decentralized traffic platform. Through this partnership Unmarshal integrates its state-of-the-art blockchain data solutions with SocialTox to provide better decentralized traffic capabilities for users and developers. 📢 New Partnership Announcement 📢We’re excited to announce our partnership with @SocialTox ! 🚀This collaboration brings Unmarshal’s advanced blockchain data solutions to TOX’s decentralized traffic platform, empowering both users and developers. pic.twitter.com/JNcJwLz17K — Unmarshal 2.0 | Mainnet⌛️ (@UnmarshalAI) January 31, 2025 Powering Web3 with AI-Powered Blockchain Solutions Unmarshal 2.0 operates as an AI-powered blockchain data…
Bitcoin Price Analysis: A Closer Look at the Current Trends Over the past week, the Bitcoin price fell below the psychologically significant $100K level, a move that rattled investor confidence. As of now, Bitcoin is trading at $94,500, marking a 4% drop over the past 7 days. Despite this recent decline, prices appear to have found some stability near the $95,000 mark, offering a momentary reprieve for traders. Key Metrics at a Glance: Current Bitcoin Price: $94,500 24-hour Trading Volume: $18.5 billion 7-day Performance: -4% BTC/USD 4-hours chart – TradingView This stabilization suggests that market participants are carefully weighing their…