Author: NBTC
On Jan. 15, bitcoin ascended to an intraday peak of $99,442 on Wednesday morning, following the release of the latest U.S. inflation data, which revealed a slowdown in core inflation. Easing Core Inflation, Explosive Bitcoin Rally: $224M Liquidated in 24 Hours At 9 a.m. Eastern Time, bitcoin was trading at $98,805 per coin, having momentarily crossed the $99,000 threshold. By 9:05 a.m., the price spiked to the $99,400 range. The upward movement coincided with the U.S. Bureau of Labor Statistics publishing its Consumer Price Index (CPI) report. The data indicated a 0.4% monthly increase in the CPI, placing the year-over-year…
Mountain Protocol has announced the launch of its yield-based stablecoin USDM on ZKsync Era. The launch allows ZKsync users to use the USDM stablecoin in decentralized finance by earning yield on tokenized treasury bills. According to the Mountain Protocol team, two tokens, USDM and wUSDM, are now available on ZKsync Era. The rebased stablecoin offers an annualized interest rate of 4.7%, with holders receiving daily rewards. USDM is pegged 1:1 to the US dollar. ZKsync users can now hold USDM in their wallets to earn daily yield, use it for payments and settlements, and contribute it to liquidity pools to…
Binance Academy, Binance’s open-access blockchain and crypto learning hub, and Amazon Web Services, Inc. (AWS) have officially launched an online course, “AWS Blockchain Node Runners for BNB Chain,” as learned by Finbold on Monday, January 27. The quick 15-minute course provides practical, step-by-step instructions for deploying BNB Chain nodes using AWS Blockchain Node Runners, an open-source initiative that simplifies the deployment and management of self-managed blockchain nodes on AWS with deployable blueprints. Tailored toward developers, blockchain enthusiasts, and infrastructure providers, the course offers theoretical insights and practical, hands-on demonstrations to help users host their own BNB Chain nodes efficiently. Education…
While Donald Trump’s inauguration is expected on January 20 for Bitcoin to rise, analysts said that Trump’s inauguration will have a spot Bitcoin ETF effect on the market. At this point, Pantera Capital analysts stated in their recent report that 2025 will be a symbolic year that will shape the Bitcoin and crypto markets in general, and that Trump’s inauguration will have a spot Bitcoin ETF effect on the market. Analysts stated that Trump will push Bitcoin and altcoins even higher, and that Trump’s victory will be a case of buy the rumor, buy the news: “The old Wall Street…
Getgems.io, the leading NFT marketplace on TON (The Open Network), has announced the launch of Telegram’s first NFT collection. Starting today, Telegram users can mint and purchase these NFTs using the $DOGS token, alongside TON, NOT, USDT, and various TON wallets. The collection has generated significant interest, reaching over $1 million in pre-mint trading volume and a market cap of $10 million. Alex, a representative of $DOGS, commented: “This launch marks a new chapter in digital collectibles, offering Telegram’s 950 million users easy access to NFTs. We’re excited to support this milestone as part of our 2025 expansion.” Telegram’s gift…
The event will give a total prize pool of 10,000,000 $AIGT tokens, or 1.4% of its entire token supply. With 8,000,000 $AIGT, the worker rewards pool is the biggest, followed by the community questing rewards pool with 2,000,000 $AIGT. Axlflops, a leading AI computing network, has announced the launch of its inaugural community rewards program and its Token Generation Event (TGE). The event will give a total prize pool of 10,000,000 $AIGT tokens, or 1.4% of its entire token supply. The rewards program, which will begin on January 22 and continue until March 22, intends to encourage GPU providers and…
Bitcoin-Nasdaq correlation reached its highest level in two years, as the release of US inflation data bolstered digital asset performance. Bitcoin and US tech stocks now have a 30-day correlation coefficient of 0.70. The crypto and stock markets surged following the release of the inflation report The Bureau of Labor Statistics released the inflation report on Wednesday. Since then, the stock and crypto prices have made several gains. Following the inflation report, S&P 500 and Nasdaq futures gained over 1%, while Bitcoin surged by more than 2.6%. The report showed that the consumer price index increased by 0.4% month-over-month, bringing…
Michael Saylor, executive chairman at business intelligence firm MicroStrategy, recently urged Mohamed El-Erian, the chief economic adviser of Allianz, to buy Bitcoin. During his recent appearance on CNBC, the former PIMCO boss stated that the recent economic data was “somewhat stronger” and “somewhat hotter” than initially anticipated. This has been a “consistent theme,” according to El-Erian. The economist took aim at the Fed for being too dependent on the data. He also added that the Fed might be fine with inflation staying in the 2.5%-3% range, which is slightly above the oft-repeated 2% target. “Inflation expectations are stable. We don’t…
io.net, the decentralized GPU compute network, has announced that it has achieved SOC 2 compliance. The milestone underscores io.net’s commitment to delivering enterprise-grade security and operational transparency, solidifying its position as a trusted partner for businesses adopting decentralized infrastructure. SOC 2 compliance is a gold standard for data security, certifying that an organization meets rigorous criteria for safeguarding sensitive information. By achieving this certification, io.net validates its ability to protect enterprise data through robust security controls, standardized processes, and auditable transparency. This builds trust with enterprises seeking solutions that align with stringent compliance requirements. It also establishes safeguards for sensitive…
The price of Bitcoin topped $100,000 Wednesday, surpassing the psychological mark for the second time since the Federal Reserve’s hawkish outlook put pressure on risk assets. When the U.S. central bank signaled in December that it would cut interest rates at a slower pace this year, Bitcoin tumbled from its peak price above $108,000. As signs of strength in the U.S. economy deepened inflation concerns, Bitcoin’s price fell below $90,000 on Monday. Showing a nearly 4% gain over the past day, Bitcoin is trading hands at $100,444, as of this writing. Wednesday’s jump followed a fresh inflation snapshot from the…