Author: NBTC
This is a segment from the Lightspeed newsletter. To read full editions, subscribe. The inaugural Solana AI hackathon concluded on Monday. Over 400 projects threw their respective hats in the ring for a contest offering cash prizes but more importantly the prospect of potentially-lucrative attention to so-called AI agents, which are currently flooding crypto social feeds. Multiple entrants already have tokens trading at millions of dollars-worth of market cap, and agent copilots for crypto trading as well as AI agent “swarms” were buzzy categories. Winners of the hackathon, organized by SendAI, will be announced around Jan. 10, SendAI co-founder and…
Bitcoin price is recovering higher above the $96,000 level. BTC is showing positive signs and aims for a fresh increase above the $98,800 level. Bitcoin started a fresh increase above the $96,000 zone. The price is trading above $96,500 and the 100 hourly Simple moving average. There was a break above a short-term bearish trend line with resistance at $96,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain bullish momentum if it clears the $98,000 resistance zone. Bitcoin Price Eyes Key Upside Break Bitcoin price remained stable above the $94,500 zone. BTC…
This is a segment from the Forward Guidance newsletter. To read full editions, subscribe. Stocks traded sideways — stalling their pre-Christmas rally — and cryptos dipped Thursday, making one of the final trading days of the year a relatively quiet one. The S&P 500 was down 0.06% and the Nasdaq Composite gained 0.02% at 2 pm ET. Bitcoin and ether were down 3% and 3.8%, respectively, over the past 24 hours at that time. The post-holiday moves came as investors unpacked one of the only economic data reports of the week: initial jobless claims. There were 210,000 first-time filers for…
Algorand (ALGO) has recorded impressive price actions in the past few sessions as bulls pushed past crucial resistances. Further, the crypto project saw a significant surge in total value locked over the last month, underscoring renewed investor interest in Algorand blockchain. Despite brief corrections, the surging network activity amidst broad market optimism signal sustained bullish momentum for ALGO. DeFi propels Algorand’s growth DeFillama data confirms a notable uptick in Algorand’s TVL within the past month. The blockchain’s total value locked soared from November 1 at $69.5 million to $245.63 million (the second-highest in history) on December 3. Source: Defillama That…
Julia Zanatta, a Brazilian congresswoman, has raised concerns about the effects of implementing drex, the Brazilian CBDC, on the lives of citizens. Zanatta emphasized that drex, if not properly implemented, might lead to the prohibition of physical money and proposed a ballot for its final implementation. Brazilian Congresswoman Warns About the End of Physical Money at the Hands of Drex Julia Zanatta, a Brazilian Congresswoman, alerted about the possible end of physical money as the country advances in implementing drex, the national central bank digital currency (CBDC). In a recent interview, Zanatta explained that she is already planning to establish…
Orochi Network has announced an exclusive collaboration with Crypto Rumble, the earliest on-chain game for tile-matching. The partnership aims to increase the zero-knowledge technology’s adoption within the Web3 realm, guaranteeing efficient asset ownership, transparency, and fairness. The platform took to social media to disclose this collaboration. 🐲 Orochi x @cryptorumble_io 🌕 We’re now ecosystem partners! Crypto Rumble is an on-chain match-three game with ZK tech for fairness, transparency, and true asset ownership!This partnership is about scaling ZK adoption across Web3. 🚀 pic.twitter.com/EWtLcP4gZj — Orochi Network (@OrochiNetwork) December 27, 2024 Orochi Network Partners with Rumble to Improve In-Game Experience with ZK…
As chatter grows around the idea of a U.S.-led bitcoin strategic reserve, the topic has ignited lively debate. Some enthusiasts view it as an inevitable move toward global bitcoin adoption by nation-states, while others decry the notion as a betrayal of the cryptocurrency’s core philosophy. Contrasting Opinions Surface on the U.S. Adopting a Bitcoin Reserve The buzz around the United States potentially building a strategic bitcoin (BTC) reserve is only getting louder, thanks to recent political dynamics and ongoing economic debates. What once sounded like a wild idea is now turning into a hot topic, largely due to Donald Trump’s…
Tether, the world’s largest stablecoin, used 2024 to grow its market capitalization by nearly $50 billion, its investments across a variety of industries, its product lines, and its political influence. Cantor Fitzgerald Tether stores a massive portion of its reserves at Cantor Fitzgerald, a firm that has been led by Howard Lutnick. Lutnick, for his part, has been willing to publicly endorse the often beleaguered stablecoin, saying he is “a big fan.” Lutnick is also an important political figure, serving as co-chair of the transition committee for President-elect Donald Trump. He was also floated as a potential Treasury secretary before…
The price of Dogecoin (DOGE) recently experienced a mild correction, dropping from a high of $0.4675 to a low of $0.4393. At the time of writing, the price was down 3.17% in 24 hours to $0.4443. Despite this sell-off, the DOGE whale outlook looks promising, signaling an impending parabolic run ahead. Dogecoin whales and price reset According to data from IntoTheBlock, Dogecoin whale transactions are up by 41% to $23.35 billion. The digital currency has remained a favorite for market whales, as many banks are trying to accumulate more. Per ITB data, whale transactions are those worth $100,000 and above.…
Bithumb CEO, Celebrity Golfer Sentenced for Altcoin Bribery Scam: Court Unveils $2M Fraud Case Altcoin Price Rigging: South Korean Court Jails Bithumb CEO and Golfer Ahn Sung-hyun A South Korean court has sentenced a celebrity golfer and the former CEO of Bithumb, a major crypto exchange, to prison for their roles in a bribery and market manipulation scheme. Lee Sang-jun, the former CEO of Bithumb, was sentenced to two years in prison, while Ahn Sung-hyun, a well-known golfer married to actress Song Yu-ri, received a four-and-a-half-year sentence. Altcoin Price Manipulation and Bribes The trial, held on December 26, revealed surprising…