Author: NBTC
Bitcoin price momentum has grabbed significant attention as it gradually sheds some of its gains acquired in the past weeks. So far, Bitcoin has plunged 7.6% from its all-time high (ATH) of $99,645 seen last week. Particularly, at the time of writing, the asset trades for $92,476. Marking roughly 4.6% drop in the past day alone. What To Expect From This Current Bitcoin Decline Amid the ongoing correction in Bitcoin’s price, a recent analysis from CryptoQuant’s BaroVirtual has highlighted the steady decline in Bitcoin reserves across major crypto exchanges. According to the analyst, this pattern indicates a market amid a…
In a significant move, Quantum AI has announced a new partnership with Rabbit, a leading provider of decentralized services in the DeFi space. The news about this collaboration was shared via Quantum AI’s official X account. This is a major improvement on the evolving decentralized finance (DeFi) technology. 🌓 Partnership Announcement: Quantum AI x @therabbit_io !We’re excited to introduce our collaboration with Rabbit!Rabbit provides an ever-growing suite of decentralized services that aim to bring value to the DeFi space by delivering disruptive, flexible, and audited… pic.twitter.com/HTEb62A0WH — Quantum AI (@QuantumTon) January 4, 2025 Rabbit Launchpad Promises Secure Fundraising for DeFi…
In a recent update shared by Intersect, Cardano has announced the introduction of Plan 529, a significant step toward its upcoming Plomin hard fork upgrade. In late November, the hard fork working group decided to name the upcoming intra-era hard fork after Matthew Plomin, a dedicated Cardano community member and the cofounder of Cardano USDM stablecoin, who passed away in November. The hard fork was originally known as Chang 2 hard fork. According to Cardano member-based organization Intersect, Plan 529 encapsulates preparations necessary for the mainnet hard fork governance action, set to be raised during epoch 529. https://t.co/jl1KE4oJng — Intersect…
Attorney John Deaton urges a federal probe into Operation ChokePoint 2.0, exposing FDIC’s actions to limit cryptocurrency services, including Bitcoin and Ethereum transactions. The crypto industry backs Deaton, citing stifled innovation and unfair treatment. Deaton emphasizes transparency and fair regulations for U.S. crypto growth. Attorney John Deaton, an ardent XRP holders’ advocate and a lawyer who was in direct confrontation with the SEC, presented a petition seeking a federal investigation into Operation ChokePoint 2.0, which has been reported to target cryptocurrency activity throughout the United States. John Deaton’s Fight Against Operation ChokePoint 2.0 He is willing to conduct the probe…
Airdrop season is in full swing, with apps, protocols, and other projects seizing upon bear market vibes to finally drop their tokens—and potentially reward millions of crypto users in the process. What exactly is an airdrop, though? When it comes to crypto tokens, an airdrop is typically a way for a project to reward its early users and contributors by giving them a share of a newly launched token, all while spreading the tokens far and wide for decentralized governance. When it comes to blockchain networks and tokens primed specifically for gaming, there are some pretty compelling airdrops on the…
Shieldeum has officially collaborated with THENA, a popular trading platform and a liquidity provider for both BNB Chain and opBNB. The integration enables the utilization of thena ve(3,3) tokenomics to establish a sustainable liquidity mechanism for the Shieldeum ecosystem. 🚀 Shieldeum x THENA: A Game-Changing Partnership We are excited to announce our partnership with THENA, the premier trading hub and liquidity layer on BNB Chain and opBNB! Shieldeum will invest in the Thena ecosystem to attract new traders and Liquidity to SDM.🔑 What Does… pic.twitter.com/a0GQ0sdXY1 — Shieldeum – AI powered DePIN (@Shieldeum) January 1, 2025 The structure of the ve(3,3)…
Since the day of its release, January 2024, Bitcoin ETF has seen a massive inflow from institutional investors, allowing it to diversify assets without owning Bitcoin on the crypto market. Bitcoin spot exchange-traded fund (ETF) recorded volume trading of $5 billion on Nov. 26; the volume was led by dominant key players in the industry, including BlackRock, Fidelity and Grayscale. According to Coinglass data, BlackRock’s iShares Bitcoin Trust (IBIT) record $3.46 billion volume trading in the past 24 hours. At the time of writing, IBIT is the highest among its competitors, with asset under management (AUM) and market capitalizations of…
In December, decentralized exchanges (DEXs) saw a significant increase in futures trading volume, reaching a record 10.17% of the volume seen on centralized exchanges (CEXs). The rise comes given the significant improvements in on-chain user experience and infrastructure over the past few years. The increase in DEX futures trading can also be attributed to the growing adoption of platforms like Hyperliquid, Jupiter, ApeX, Satori Finance and Drift, which have consistently grown in recent months. Remarkably, these platforms grew at an average rate of 26.5% per month throughout 2024. By December, the total trading volume on decentralized exchanges (DEXs) reached $285…
The NFT market cooling continues as the overall crypto market cap has grown to $3.6 trillion from last week’s $3.42 trillion, per CoinMarketCap data. CryptoSlam data shows that NFT sales have fallen 17.54% to $132.7 million this week. This is considerably lower than last week’s $152 million in sales. However, the market has seen greater participation from traders, pointing to sustained interest at lower price levels. Market activity shows mixed signals: NFT sales volume dropped to $132.7 million from last week’s $152.7 million The number of NFT buyers rose 25.54% to 667,116 NFT sellers increased 23.96% to 382,754 Total transactions…
Mr. Atkins, a pro-business conservative, would likely take a lighter regulatory approach than the current chair of the Securities and Exchange Commission. President-elect Donald J. Trump picked Paul Atkins to serve as chair of the Securities and Exchange Commission, turning to a pro-business conservative and former regulator to run the agency that is in charge of protecting investors from fraud and malfeasance on Wall Street. Mr. Trump made the announcement in a post on his Truth Social platform on Wednesday. Mr. Atkins, 66, who was an S.E.C. commissioner under President George W. Bush, is a well-known, and generally admired, figure…