Author: NBTC
The Decentralized Physical Infrastructure Networks (DePIN) sector is experiencing notable growth, now having over 25 projects generating revenue. According to Messari, the sector’s price-to-sales (P/S) ratio currently sits between that of base layer protocols and DeFi projects, which indicates a maturing market with growing revenue. DePINs, split into Digital Resource Networks (DRNs) and Physical Resource Networks (PRNs), are evaluated for valuation drivers, and Messari’s chart compares their P/S ratios in the time span between 2023 and 2024. The report analyzes 80 DePIN projects, showing that 25 of them are revenue-generating, with valuations based on Fully Diluted Valuations (FDVs). It must…
A little-known crypto token saw sharp volatility today. FIFA surged over 67% in recent days before crashing more than 58% in the past 24 hours, according to CoinMarketCap data. The token, trading under the symbol FIFA and priced at just $0.000000259, briefly drew attention amid speculative rumors that it was linked to the global football organization FIFA’s web3 initiatives. The token is currently ranked #3534 on CoinMarketCap. There is no evidence that the FIFA token is connected to the official governing body. You might also like: Galaxy CEO: Biden was ‘un-American’ to crypto, BTC to hit $150k FIFA’s new NFT…
This is a segment from the Forward Guidance newsletter. To read full editions, subscribe. President Trump today made a visit to Capitol Hill for the House GOP Conference Meeting in hopes of convincing Republican holdouts to support his “big, beautiful” tax bill. Despite ongoing fighting within the GOP, Trump told reporters before the meeting that the party is more unified than ever. “This is really just a pep talk,” he said this morning. “We have a very unified House and we have a very unified Senate.” Trump added that Republicans who don’t get on board could face an uphill battle…
Effort will Unite Builders, Players, and Communities on the Leading EVM Platform in Polkadot [May 20, 2025 – Singapore, SG] -Moonbeam, the premier destination for EVM-based applications in the Polkadot ecosystem, is leveling up its commitment to Web3 gaming with the launch of the Moonbeam Gaming Hub—a dedicated portal spotlighting the growing ecosystem of games, tools, and tournaments built on Moonbeam. Whether someone is a developer looking to launch, a player ready to compete, or a community member wanting to connect, the Moonbeam Gaming Hub is a gateway to the future of Web3 gaming. “Moonbeam has always focused on reducing…
An investor’s $1 billion Bitcoin bet on the decentralized exchange Hyperliquid swung massively on Wednesday, with their account surviving a $32 million drawdown on paper, as the asset’s price ping-ponged on a volatile day of trading. The user, controlling a wallet starting with “0x507,” saw their position whipsaw between a profit and a loss, hours after topping off the 40x leveraged long position, according to blockchain explorer HypurrScan. Bitcoin rose to a record $109,500 earlier in the day. The bet anticipated that the original cryptocurrency’s price would continue to rise, and after adding funds to the leveraged position, the user’s…
Sangha Renewables, a bitcoin BTC$106,546.31 mining firm that aims to enable renewable energy companies to mine bitcoin, broke ground Wednesday on its flagship 19.9 megawatt (MW) solar facility in West Texas.“We have been extremely pleased with the development so far,” Spencer Marr, the firm’s president, told CoinDesk in a statement. “We made the decision to use our own funds to buy long lead time electrical infrastructure last November, even prior to the deal closing, to ensure we could be mining as soon as possible, and that has paid off.” “We also have a great team of partners and suppliers, including…
Bitcoin traded between $94,089 and $94,305 over the last hour, while its market capitalization stood at $1.86 trillion. Daily trade volume reached $19.74 billion, with the 24-hour price range spanning $93,806 to $95,741. Bitcoin On the 1-hour chart, bitcoin continues to reflect a short-term bearish structure, following a consistent series of lower highs and lower lows from the local peak at $96,620. The most notable signal comes from a red volume spike around $93,550, which suggests intensified selling pressure and limited participation from buyers on rebounds. This behavior is characteristic of a descending channel or potential bear flag pattern. Given…
After last week’s explosive surge, the Ethereum price today is trading near $2,558, reflecting a measured gain of 0.26% over the last 24 hours. Although buyers pushed ETH as high as $2,615 on May 20, the rally lost steam near a key resistance zone, leading to a mild pullback. With volatility tightening and lower-timeframe indicators flashing mixed signals, traders are now assessing whether bulls can maintain upward momentum or if a short-term correction looms. Following this corrective pause, the broader question emerging is: Why Ethereum price going down today, and is this pullback just a breather within a bullish continuation…
Ripple, which won its legal battle with the SEC, is trying to keep its ties to the Donald Trump administration tight. At this point, Ripple CEO Brad Garlinghouse was scheduled to meet with Bitcoin supporter Senator Cynthia Lummis, one of the names close to Trump. However, this meeting was cancelled by Lummis. Ripple CEO announced that he canceled the appointment given to him by US Senator Lummis. Ripple CEO stated that it was not clear why the meeting was canceled and that a new meeting date was not given. Gralinghouse expressed disappointment and urged the U.S. senator to reconsider his…
The U.S. Securities and Exchange Commission sued crypto company Unicoin and three executives on Tuesday night on fraud charges, saying the company raised over $100 million for tokens that were not actually backed by the real estate its executives claimed. The SEC sued Unicoin, CEO Alexander Konanykhin, former board chair Maria Moschini, senior vice president and general counsel Richard Devlin and former chief investment officer and investor relations officer Alejandro Dominguez on securities law violations, Among its allegations, the SEC said Unicoin never actually owned the real estate properties it told investors it had acquired, and that those properties’ values…