Author: NBTC

Aptos’ token price remained stable at $6.10 after releasing 11.31 million tokens. Aptos’ total market cap continues strong at $2.97 billion post-unlock. Aptos (APT) recently underwent a significant token unlock event, releasing 11.31 million APT tokens into circulation on September 11, 2024. This unlock, representing 2.32% of the total supply and valued at approximately $68.99 million, was part of the project’s predetermined emission schedule. Despite concerns about potential selling pressure, APT has shown resilience. The token’s price currently stands at $6.10, reflecting a modest 1.77% decrease post-unlock. This stability suggests a balanced market reaction and indicates that the event was…

The ongoing November 2024 U.S. elections have proven to be a turning point for the crypto industry, as pro-crypto candidates lead in Congress. This development has triggered optimism among crypto leaders, including Coinbase CEO Brian Armstrong. In a recent X post, Armstrong stressed the importance of the elections. At present, pro-crypto candidates are outperforming their opponents in Congress. Data from the crypto-focused political action committee (PAC) Stand With Crypto reveals that 238 candidates supporting crypto currently lead in the elections, with 224 in the House of Representatives and 14 in the Senate. US Congress Results | Stand With Crypto PAC…

Bitcoin’s volatility hit new highs in Japan as the BTC-JPY pair surpassed BTC-USD in 90-day realized volatility. This marks the first time since 2022 that BTC-JPY has been more volatile than its U.S. counterpart. Japanese market conditions, especially following last week’s general elections, played a significant role in this shift. The Japanese yen is under increased pressure. Investors are hesitant toward the yen, which is near multi-month lows. The yen’s weakness has made Japanese assets, including BTC-JPY, more volatile. The heightened volatility around the BTC-JPY pair reflects this vulnerability and increased market uncertainty. Japan’s recent election outcomes added further unpredictability…

Decentralized finance (DeFi) passed gaming last month to become the top sector in the decentralized app (DApp) space, according to a new analysis from the market intelligence firm DappRadar. DappRadar notes that DeFi now accounts for 34.5% of overall DApp activity, compared to 24.5% for gaming and 17.7% for non-fungible tokens (NFTs). “In a notable shift, the gaming sector has lost its leading position within the DApp industry, now outpaced by DeFi. This rise in DeFi usage reflects not only October’s market activity but also highlights the impact of the U.S. elections in early November, which contributed to a surge…

The strong performance of Ethereum in recent days has caught the attention of experts. In several posts on X, prominent fund managers and industry leaders have projected a bullish outlook for Ethereum (ETH), positioning it to outperform Bitcoin (BTC) with a target price of $8,000. This optimism is underpinned by anticipated regulatory advancements for the decentralized finance (DeFi) ecosystem. Why Ethereum Could Outperform Bitcoin Raoul Pal, Founder and CEO of Global Macro Investor, articulated his perspective on ETH’s potential resurgence in a post that has garnered significant attention within the crypto community. “I’ve been expecting ETH to start gaining lost…

The co-founder of Taproot Wizards, Udi Wertheimer, has proposed the launch of the new CATNIP tokens, based on OP_CAT. Runes were a mistake…. but OP_CAT fixes this!INTRODUCING CATNIP: bitcoin-native CAT-powered tokensThe user experience of BRC-20s and Runes felt disappointing to most crypto enthusiasts. While ordinals and inscriptions are widely considered to be a superior version of NFTs on… pic.twitter.com/l3p5hc38b3 — Udi | BIP-420 🐱 (@udiWertheimer) September 11, 2024 The new CAT protocol on Bitcoin The sleeping OP_CAT The proposal of the CATNIP protocol Fractal: the scaling solution for the Bitcoin network The news after Taproot The new CAT protocol on…

Former U.S. President Donald Trump will once again take the White House, needing only three more electoral votes from a state leaning heavily red, defeating Vice President Kamala Harris and auguring a more permissive regulatory environment for crypto in the world’s largest economy. Crypto has not been a major issue through this election cycle, though Trump, the Republican candidate for president for a third election in a row, did a great deal of outreach to the crypto industry, by speaking at a bitcoin conference, handing out burgers at a crypto bar and otherwise making statements appealing to the industry, including…

The Bitcoin network is on the verge of experiencing a “golden crossover” in a key on-chain metric, according to a recent analysis by cryptocurrency analytics firm CryptoQuant. The firm’s report highlights an impending crossover in the Active Addresses Momentum indicator, a key measure of network activity and market trends. Active Address Momentum tracks unique Bitcoin addresses that are actively participating in the network, providing insight into investor participation and overall market sentiment. In the analysis, CryptoQuant applies a 30-day moving average and a 365-day moving average to measure changes in network activity over different time frames. A golden cross occurs…

Trump’s Ethereum stake grew 10% in 2024, increasing his digital asset value. The WLFI token sale faced low interest, reaching only half of its revised funding target. Market watchers suggest Trump’s administration could drive crypto growth through regulation. President elect Donald Trump’s financial disclosure highlights gains in Ethereum and NFTs while revealing mixed results for his decentralized finance venture, World Liberty Financial . Trump earned millions from his NFT deals and holds an essential Ethereum stake, yet his DeFi project faced reduced investor interest as the token sale missed its initial funding goals. Trump’s Growing Digital Portfolio Trump’s digital investments…

Ethereum has struggled to gain much momentum in recent months while Bitcoin has soared, breaking its all-time price record multiple times in early November—including once more on Friday afternoon. However, the second-largest crypto by market cap finally managed to breach the $3,000 threshold early Saturday for the first time since August 2, peaking out at $3,056. Breaking that mark for only the second time this year, Ethereum had fallen to as low as $2,375 on the eve of Election Day. Yet, with President-elect Donald Trump’s favorable stance on digital assets boosting the broader market, Ethereum’s price is beginning to rise…