Author: NBTC
Politically themed tokens, commonly known as “politifi tokens,” have seen a significant downturn as investors rush to sell and secure profits. Leading the sell-off, notable tokens like MAGA (Trump), Super Trump Coin (STRUMP), and MAGA AGAIN (MAGAA) have witnessed sharp declines. The MAGA (TRUMP) token has dropped by 32%, while MAGA has fallen by 35%. Other tokens, including STRUMP and MAGAA, have seen even steeper drops, declining by 53% and 42%, respectively. TREMP, another in the series, suffered the most, plummeting by 59%. 🚨 POLITIFI TOKENS ARE DUMPING$MAGA (TRUMP) -32%$MAGA -35%$STRUMP: -53%$MAGAA: -42%$TREMP -59%Investors are selling the news and taking…
Supreme Court justices indicated they may deliver a limited ruling in a shareholder lawsuit against Nvidia Corp. The alleged lawsuit claims that the company misrepresented its reliance on crypto mining revenue to investors. During Wednesday’s hearing, several justices questioned whether the Supreme Court should have taken Nvidia’s appeal, noting the absence of broader legal implications. Chief Justice John Roberts remarked that both sides had oversimplified their arguments. Nvidia Crypto Revenue Under Scrutiny Nvidia shareholders claim CEO Jensen Huang misrepresented revenue drivers in 2017 and 2018. They allege that while the company’s GeForce GPUs were marketed as gaming products, significant sales…
Popular trading platform Robinhood saw substantial growth across its key metrics in October, with significant increases in trading volumes and customer assets under management. The company’s equity trading volumes jumped 48% to $126.4 billion compared to September, while cryptocurrency trading surged 51% to $5.6 billion. Options contract trading also showed strong momentum, rising 16% to 158 million contracts. When compared to October 2023, the surge is even more visible: in equities volumes rose by 149% from $50.8 billion and in cryptocurrencies by 143% from $2.3 billion. The good results in crypto market confirms data from the Q3 report. In the…
L2 chains are waking up – and requiring the highest fees in the past three months. None of the L2 chains offer their usual negligibly cheap transactions under $0.01, and all of the leading chains are competing to post to Ethereum. Fees on leading L2 chains are catching up with the market frenzy. After months of nearly negligible fees, all major L2 chains have increased transaction costs, which they pass on to end users. L2 transactions are still reasonable, especially given the recent peak gas fees on Ethereum. Yet even chains like Base, priding themselves on rock-bottom fees, have seen…
Bitcoin’s (BTC) price has surged by 5% over the past 24 hours, reaching $71,000 — a level unseen since March and just 4% below its all-time high. Despite the bullish momentum, concerns are mounting about a potential market correction that could cause widespread liquidations of leveraged positions. This analysis breaks down the factors at play and highlights critical points for BTC holders to watch closely. Bitcoin Market Begins To Overheat Bitcoin’s price hike has been accompanied by a corresponding surge in its open interest. At $44.44 billion as of this writing, the coin’s open interest has noted a 10% rally…
In early August, a little over two months ago, BitGo announced that it was entering a new joint venture with Justin Sun and BiT Global, a Hong Kong-based custodian, to manage custody for Wrapped Bitcoin (WBTC). Sun’s involvement was controversial, leading some DeFi projects to briefly consider whether WBTC would remain safe going forward. The most high-profile of these, MakerDAO, did eventually decide it was still safe to include WBTC. This period of time even included a less than fully viable proposal for competitor Threshold Network to acquire WBTC. Additionally, both Coinbase and Kraken have launched competitors to WBTC following…
This morning MARA, the largest publicly-traded Bitcoin mining company, shared that it will be rolling out three new data centers in the U.S. Would it have made such an announcement had Harris won the election? Probably. (It’s not like they whisked up these data centers overnight.) But would they have made the announcement with such gusto, highlighting the fact that the bitcoin the company mines will be “Made In USA”? Probably not. American compute power is accelerating. Today, we’re announcing:-Three new data centers.-Owned and operated in Ohio.-372 megawatts of capacity.#Bitcoin – Made in USA. pic.twitter.com/ltDbhKrCHJ — MARA (@MARAHoldings) November 11,…
The Avalanche Foundation has completed its buyback of 1.97 million AVAX tokens from the now-defunct Luna Foundation Guard (LFG). LFG originally acquired these tokens as part of an initiative to support Terra’s ecosystem before its collapse. The buyback, which was initially valued at $45.5 million, now reflects a market value of approximately $53 million, thanks to AVAX’s recent price increase. 🚨 The @avax Foundation has completed its repurchase of 1.97M $AVAX tokens from the defunct Luna Foundation Guard (LFG), originally acquired to support Terra. The buyback, initially valued at $45.5M, is now worth ~$53M with AVAX trading near $27. pic.twitter.com/wGrqpjAp2P…
After a six-month partial absence from the UK market, cryptocurrency exchange Bitget has re-entered Europe’s investment capital, this time fully compliant with local regulations, including the Financial Promotions Regime (FPR). Bitget Returns to The UK After Six-Month Hiatus In early May 2024, Bitget notified its UK users that it was forced to “temporarily restrict onboarding of new users” due to “recent regulatory changes” introduced by the Financial Conduct Authority (FCA). However, the company assured customers that it would “be back soon with a new compliant product offering for the UK on our website and mobile applications.” Although it took some…
Merlin Chain has recently announced its exclusive strategic partnership with Taiko, a permissionless, open-source Ethereum L2 rollup. As per Merlin Chain, this collaboration serves as a significant landmark achievement in improving liquidity and yield opportunities for $BTC holders. The platform took to social media to reveal this development. 🚀 Merlin Chain x @taikoxyz 🚀We’re excited to announce our collaboration with Taiko—a fully open-source, permissionless Ethereum-equivalent rollup with high configurability.💧By bringing M-BTC to Taiko, we’re unlocking expanded yield and liquidity opportunities for Bitcoin… pic.twitter.com/84y6zDJ2Xz — Merlin Chain (@MerlinLayer2) November 13, 2024 Merlin Chian’s Strategic Collaboration with Taiko Enables $M-BTC Token for…