Author: NBTC
Bitcoin collateralized lending platform Strike has reached $10 million in loans just two days after its launch. As Bitcoin (BTC) becomes more mainstream, the market for lending against BTC is expanding rapidly. On Wednesday, May 7, Jack Mallers, the founder and CEO of Zap, Strike’s parent company, announced that the platform has issued over $10 million in loans just days after its launch. Saw some questions about pricing, partners, and future plans for our new #Bitcoin-backed lending product at @Strike.Recorded a quick video to break it all down, including how we plan to drive rates lower, enable proof-of-reserves, and more.…
Cryptocurrency exchange Coinbase (COIN) announced its first quarter 2025 financial results. The company’s earnings per share (EPS) came in at $0.24, 88% below analyst expectations of $1.98, while revenue came in at $2.034 billion, missing expectations of $2.09 billion by 3%. Despite this, the company made headlines today with a significant strategic move. According to the Wall Street Journal, Coinbase has reached an agreement to acquire Dubai-based crypto derivatives exchange Deribit for $2.9 billion. Deribit stands out as the world’s largest platform for Bitcoin and Ether options trading. It also offers futures and spot trading services. Coinbase VP of Institutional…
EOS surges 20% trading near $0.8300 as investors anticipate its major upcoming rebrand to the Vaulta ecosystem ($A). The planned token swap, set for May 14, is fueling a sharp rally for the cryptocurrency, signaling a notable attempt at revival for the once top-ranked blockchain project. Vaulta Rebrand Ignites Investor Optimism The move from EOS to Vaulta ($A) is the clear driver behind the current price surge. Investor enthusiasm is directly tied to this strategic pivot, which promises a fresh chapter for the asset after years of decline. Communications from the project, including posts on X (formerly Twitter), have built…
The Senate’s Republican majority leader, John Thune, took to the chamber floor on Thursday morning to make a case for moving forward with stablecoin legislation — marking his first significant foray into the topic of crypto as Republicans grow frustrated with keeping what was once a bipartisan effort on track. “Stablecoins should be made in the USA, but we can’t lead in innovation if there’s no clarity for the innovators,” Thune said in his speech on the Senate Floor, delivered in the runup to an afternoon vote meant to advance the debate on the Guiding and Establishing National Innovation for…
South Korean crypto exchange Bithumb has announced that it will support Particle Network (PARTI) and Balance (EPT) trading on the Korean won (KRW) market starting May 8, 2025. Bithumb to List Particle Network (PARTI) and Balance (EPT) on KRW Market on May 8 Particle Network (PARTI) Listing Details: Trading Pair: PARTI/KRW Supported Network: BNB Smart Chain (Deposits via other networks will not be supported) Deposit/Withdrawal Start: Within 2 hours from the publication of this announcement Trading Start: May 8, 2025, 17:00 Reference Price: ₩313 Deposit Approvals Required: 15 What is Particle Network (PARTI)? Particle Network is a chain abstraction infrastructure…
AGI Open Network, a well-known decentralized AI entity enabling AI agents’ creation, monetization, and deployment, has announced its new partnership with AI SIM, a prominent platform for decentralized bandwidth. The collaboration focuses on improving the AI agents when it comes to scalability and performance. The platform disclosed this initiative on its official social media account. 🥳 We’re excited to announce our strategic partnership with@AISIM_3I! AISIM is a decentralized bandwidth protocol enabling borderless connectivity for AI and DePIN projects. ⚡📡🤝Partnership Highlights: 🔹 Power AON AI Agents with scalable and reliable global network… pic.twitter.com/hKHBgsTO6s — AGI Open Network (@AGIOpenNetwork) May 8, 2025…
Bitcoin is back in six figures, continuing yet another of its famous zigs when most were expecting a zag. To review, the world’s largest crypto first pushed through $100,000 in December as it rallied hard following Donald Trump’s November election victory. The price eventually rose above $109,000 in the hours prior to the Trump inauguration on Jan. 20. With the bulls furiously revising their upside price targets higher, things began to crack at that moment. What followed in ensuing weeks was a steady decline, which reached its denouement at just under $75,000 in the panic following Trump’s early April announcements…
Strategy’s stock has been surging alongside Bitcoin’s gains lately. MSTR surged 7% today and 75% in the last month despite massive losses in early March and Q1. Critics are growing increasingly wary of the company, as its debt obligations may become unstable soon. Nonetheless, its valuation has been rising consistently in the weeks preceding this milestone. Strategy’s Bitcoin Bet Pays Off Bitcoin reached $100,000 today, potentially marking a turnaround for the crypto industry. Strategy, the largest corporate holder of Bitcoin, can breathe easily in spite of persistent bearish rumors. The firm recently reported massive Q1 losses, but its stock valuation…
As the crypto market trades in the green with gains across the board, XRP is also climbing, currently at $2.21, up 2.8% in the past 24 hours. Ripple has been making headlines, and the latest one was because of its bid to acquire Circle. ETF talks have also taken center stage, and analysts have raised the chance of a spot XRP ETF being approved in 2025 to 85%, There were speculations that Tuttle Capital’s 2x LONG XRP ETF went live on May 7. However, crypto influencer John Squire quickly cleared the air. He shared a copy of the SEC filing,…
The U.S. legislation that would establish stablecoin regulation failed to take a huge step closer to reality on Thursday as a rush of Democratic resistance kept the bill from moving into a debate phase, which would have been the path toward an eventual vote on passage. The crypto industry has been closely watching the Senate, where the fate of its long-fought legislative battle hangs in the balance this year. The first of two major digital assets bills — this one to regulate stablecoins such as Circle’s USDC and Tether’s USDT — ran into a congressional roadblock, despite having easily won…