Author: NBTC
Trump’s World Liberty Financial is buying more Movement (MOVE) tokens for the first time since the end of January. Additionally, the DeFi fund has turned into an Ethereum staker, locking 913.5 ETH on-chain. World Liberty Financial continues to reorganize its portfolio, buying more Movement (MOVE). The new tokens were added in three transactions going through CowSwap protocol. The final balance for MOVE reached $447.3K, after previously the fund divested all holdings. The fund added another 803K MOVE tokens as the crypto community awaits the asset to bounce from recent lows. World Liberty Fi used Cow Protocol to renew its Movement…
Scott Bessent, the new US Treasury Secretary under Trump’s administration, has a monster-sized mission. He’s been handed an economic puzzle that could break all financial markets and the entire global economy if he screws up. Scott’s job is to keep bond yields down, cut down on federal spending without triggering a recession, and somehow deal with the chaos of oil prices, a volatile dollar, and inflation. So Scott’s whole strategy leans heavily on Elon Musk’s Department of Government Efficiency, also known as D.O.G.E. Without Elon and his efficiency freaks (as he calls them), Scott’s vision could crumble. According to a…
Liquidity Hub’s position as the leading omnichain liquidity aggregation solution is strengthened by its introduction to Sonic. A number of cutting-edge features are also included, like support for gasless transactions and MEV protection. After SpookySwap’s expansion, the Sonic network now includes Orbs Liquidity Hub, a decentralized optimization later for onchain trading. Leading Fantom DEX SpookySwap already has Liquidity Hub integrated, and SpookySwap users on Sonic will now have access to it. SpookySwap is a decentralized exchange for automated market-making (AMM) for networks that are compatible with EVM. Distinct from other DEXs, SpookySwap is dedicated on establishing a solid base, which…
Andre Cronje, founder of Sonic Labs and called “deFi Godfather”, has criticized Ethereum L2 solutions for their handling of profits and potential misalignment with Ethereum’s decentralized principles. Be L2. Have centralized sequencer. Generate $120m in fees. Pay Ethereum $10m of that amount for DA & security. Dump $110m for profit. Be “Ethereum aligned”. I do not understand how ethereans convince themselves with these mental gymnastics. L2s are why Ethereum is… pic.twitter.com/edOlPOsdah — Andre Cronje (@AndreCronjeTech) February 8, 2025 “I do not understand how ethereans convince themselves with these mental gymnastics. L2s are why Ethereum is inflationary again.” Cronje posted on…
South Korea must embrace cryptocurrency ETFs now to stay ahead, says the Korea Exchange chairman, calling them a game-changer for market growth and financial innovation. Crypto ETFs Are the Future: Korea Exchange Chairman Pushes for Approval Jung Eun-bo, chairman of the Korea Exchange, has called for the listing of cryptocurrency exchange-traded funds (ETFs) in South Korea, emphasizing the need to keep up with global financial markets. Jung stated in a recent interview in Seoul, as translated by Google: “Korea is the third-largest real cryptocurrency trading country in the world. Cryptocurrency is a field that can create new value in the…
The cryptocurrency market continues to attract investors with its dynamic growth and evolving opportunities. In this context, Finbold selected two cryptocurrencies with the potential to reach a $50 billion market cap in Q1 2025. This happens despite Bitcoin (BTC) facing a slight pullback, finding strong support around the $90,000 level, a critical threshold for market sentiment. However, the broader market reflected its unpredictable nature, with the global cryptocurrency market cap declining 1.8% over the last 24 hours to $3.43 trillion. Despite this short-term pullback, the market has shown consistent strength, building momentum across digital assets. This volatile yet promising environment…
Bitcoin has reclaimed the $100,000 mark as 2025 begins, driven by strong market momentum and a tightening of sell-side liquidity. According to the latest Bitfinex report, the Liquidity Inventory Ratio, a measure of how long the existing Bitcoin supply can meet demand, has dropped from 41 months in October to just 6.6 months. This sharp decline reflects a significant tightening of Bitcoin’s available supply, indicating growing demand outpacing the sell-side liquidity. The surge past $100,000 follows a remarkable 61% rally in late 2024, driven by optimism over Donald Trump’s election as the 47th US president. Bitcoin reached an all-time high…
Uniswap Labs, the primary developer behind one of the largest decentralized exchanges (DEX), Uniswap, shared Tuesday that its long-awaited layer-2 network, Unichain, is now live. Powered by Optimism’s OP stack, Unichain—like other layer-2s on Ethereum—offers faster and cheaper transactions compared to Ethereum’s mainnet. Developers can deploy apps onto the network, which has been optimized specifically for decentralized finance (DeFi) and aims to serve as “the home for liquidity across chains,” according to Uniswap Labs. For Uniswap Labs, the benefit of launching a layer-2 is twofold: it will provide a better experience for users of Uniswap and similar platforms, and it…
Ethereum has been struggling below the $2,800 mark for days, with sentiment around the second-largest cryptocurrency in the world becoming increasingly negative. Persistent selling pressure has left investors and analysts worried about Ethereum’s ability to stage a recovery, with many starting to lose hope for a rally. The bearish sentiment has only intensified as ETH continues to underperform compared to Bitcoin and other major assets, causing frustration among market participants who expected a stronger start to the year. Despite this negative outlook, there are reasons for optimism. Top analyst Jelle shared a technical analysis revealing that Ethereum is still trading…
As Bitcoin and altcoins continue to struggle with declines, another critical week has begun, as Fed Chair Jerome Powell will present on six-month monetary policy to the House Financial Services Committee and the Senate Banking Committee on Tuesday, February 11 and Wednesday, February 12. Apart from Powell’s critical statements, January CPI data will be released in the US on Wednesday, February 12, and PPI data will be released on Thursday, February 13. On that point, Fed Chair Powell will testify before the Senate Banking Committee at 10:00 AM EST on Tuesday and before the House Financial Services panel the following…