Author: NBTC
Bitcoin and most altcoins continued their recent recovery after the U.S. published mixed consumer inflation data. Bitcoin (BTC) rose to $99,000 for the first time since January 7, gaining 10% from its monthly low. This rebound triggered more gains across altcoins, with Virtuals Protocol (VIRTUAL), ai16z (AI16Z), and Algorand (ALGO), which soared by over 13%. The rally extended beyond cryptocurrencies to other asset classes. Futures tied to the Dow Jones Industrial Average rose by 700 points, while those linked to the S&P 500 index gained nearly 100 points. At the same time, bond yields fell, with the 10-year, 30-year, and…
The DeFi space is gaining traction rapidly as top Ethereum burner decentralized finance (DeFi) projects have burned 12,500 $ETH collectively. Overall Ethereum ($ETH) burned during the past seven days, worth around $41.3 million. This remarkable development highlights the innovation and growing adaptation in the Ethereum ecosystem. These characteristics are driven by the top DeFi projects such as Uniswap, 1inch, and Metamask. TOP #ETHEREUM BURNER #DEFI PROJECTS#Uniswap $UNI #1Inch #Metamask #GnosisChain #0xProtocol $ZRX #Aave $AAVE #Pendle #Plume $PLUME #Chainlink $LINK #KyberSwap pic.twitter.com/8u6YgbLaeP — PHOENIX – Crypto News & Analytics (@pnxgrp) January 26, 2025 These projects highlight the potential of the DeFi…
The U.S. has added Sophgo Technologies, the AI chip firm owned by Bitmain co-founder Zhan Ketuan, to its trade blacklist. The U.S. has blacklisted Sophgo Technologies, the AI chip company founded by Bitmain co-founder Zhan Ketuan, over concerns its chips might end up in Huawei products, dodging sanctions. According to a Financial Times report, U.S. officials believe that Sophgo was “acting at the behest of Beijing” to boost China’s chipmaking capabilities. The report also mentions a tough time for Bitmain when Zhan shifted focus to AI chips, causing some internal struggles. The trouble started when Zhan shifted resources to AI…
BNB Chain has launched a groundbreaking initiative known as the “Gas-Free Carnival,” offering users the opportunity to transfer stablecoins such as $USDT, $USDC, and $FDUSD without incurring any gas fees. This promotion, which runs until March 31, 2025, aims to enhance the stability and accessibility of stablecoin transactions within the BNB Chain ecosystem. The initiative highlights BNB Chain’s commitment to fostering a seamless user experience while promoting decentralized finance (DeFi) adoption. More stablecoins, fewer fees.Until March 31, $USDT, $USDC, and $FDUSD transfers on BNB Chain are gas-free when you use our partners.Don’t miss this—get the info:https://t.co/SRWpIEWQRB pic.twitter.com/wjNypYbXvi — BNB Chain…
Bitcoin price rebounds sharply, reclaiming critical price levels, as the latest CPI release suggests the US inflation rate rose to 2.9%. US Inflation Rises to 2.9%, Bitcoin Responds Bitcoin has renewed its push toward $100,000, reclaiming the $99,000 mark following the latest U.S. Consumer Price Index (CPI) data release. The December 2024 report indicates a 2.9% annual increase in inflation, up from November’s 2.7%, primarily driven by rising energy costs. This inflation uptick has influenced both traditional and crypto markets. Bitcoin’s ascent past $99,000 shows investor optimism. Traditional markets have also responded favorably, with the Nasdaq Composite experiencing a 1.7%…
Bitget Wallet, a leading Web3 non-custodial wallet, has announced its 2025 payment finance (PayFi) strategy for bringing real-world payments to the blockchain, as per the reports shared with Finbold on Monday, January 27. With cryptocurrency payments and decentralized finance (DeFi) making it into the mainstream, PayFi aims to redefine how individuals interact with their finances and transform crypto into a viable, everyday financial asset. Bitget’s PayFi plans Designed to help users earn, send, and spend their money within a single ecosystem, PayFi maximizes the utility of and simplifies financial transactions. At the heart of Bitget’s strategy is the PayFi Flywheel,…
Theta Network has announced a strategic partnership with Michigan State University (MSU). The collaboration enables MSU to join Theta’s decentralized cloud as an AI client. This alliance provides the university’s AI laboratory with access to Theta’s innovative decentralized cloud platform to facilitate cutting-edge research in AI innovations. This university is a leading learning institution in the US and one of the prominent research universities in the globe. Every day, the institution works to address the most critical challenges facing the world while creating transformative opportunities for an inclusive and diverse academic community. Theta Network is a blockchain-driven decentralized cloud for…
Bitcoin mining difficulty has recorded its first decline in four months, marking the end of a streak that saw it rise eight consecutive times. According to data from Cloverpool, the mining difficulty fell 2.12% in its latest adjustment on January 27, which occurred at block height 880,992. With the adjustment, mining difficulty fell from its record high of 110.45 trillion to 108.11 trillion. Mining difficulty determines how much work miners do in validating transactions on the Bitcoin network and earning rewards. Its current level implies that it is 108.11 trillion times more challenging for a miner to mine BTC now…
Multiple Network, a popular platform offering solutions for privacy acceleration in the Web3 sector, has announced its exclusive collaboration with Bee Network, a prominent Web3 platform. The strategic partnership targets to enhance innovation in Web3 and decentralized AI technologies. The platform took to social media to disclose this partnership. 💕 Strategic Partnership: Multiple Network x Bee Network 💕We are thrilled to announce our strategic partnership with Bee Network (@Beenetworkintl @BeeNetworkMktg)! 🚀Bee Network is a leading Web3 interaction platform, empowering global Web3 projects with innovative… pic.twitter.com/N9ElsoGVZn — Multiple Network (@MTP_Network) January 26, 2025 Multiple Network Partners with Bee Network to Drive…
IntoTheBlock data shows that Bitcoin is now less volatile than most major technology stocks, a likely sign of improving market maturity. When people describe Bitcoin, one concept likely to be mentioned is high volatility, especially relative to traditional financial assets. However, this narrative may soon change, at least according to recent data from crypto analytics firm IntoTheBlock. Bitcoin Less Volatile Than Tech Stocks? IntoTheBlock data has shown that Bitcoin is now less volatile than most major technology stocks, a likely sign of improving market maturity. Volatility in finance describes the price fluctuations of an asset within a defined period. Assets…