Author: NBTC
U.S. stocks see major losses, tech stocks fare the worst as Nvidia risks a $5.5 billion revenue loss due to export restrictions on China. After this week’s relatively low volatility, U.S. stocks are tumbling again. This time, tech stocks and Nvidia were leading the declines. On Wednesday, April 16, Nasdaq was trading at 16,216.68, losing 606.49 points or 3.61%. Still, the rest of the market also suffered, as investors turned bearish due to fears of a trade war. Dow Jones fell 613 points or 1.55%, trading at 39,742.32. At the same time, the S&P 500 was down 125.78 points or…
It’s another day, another round of US tariffs aimed at China. The White House announced new duties reaching up to 245% on Chinese imports Wednesday, marking a significant ramp-up in economic tensions between the two superpowers. The move follows a series of tit-for-tat tariff escalations, with the US citing national security concerns and China’s retaliatory measures as justification for the massive rise. This announcement is fresh, so the full market reaction is still unfolding, but volatility is expected. Previous rounds of tariff hikes definitely caused chaos across financial markets, crypto included. US stock indices experienced notable declines, with the S&P…
A crypto whale has recently incurred significant losses on unstaked Solana ($SOL) tokens. As per the data from Lookonchain, the whale unstaked as well as transacted a massive 202,604 $SOL from the Solana blockchain and transacted them to Binance to mitigate losses. The on-chain analytics firm disclosed this development on social media. A whale unstaked 202,604 $SOL($24.3M) and deposited it to #Binance 2 hours ago to cut losses.This whale withdrew 201,755 $SOL($25M) from #Binance at $124 on March 13—now taking a loss of $678K.https://t.co/GU9oWTCj74 pic.twitter.com/hmFQhkIJTH — Lookonchain (@lookonchain) April 6, 2025 Crypto Whale Unstakes 202K $SOL from Staking to Prevent…
“Hi Curly, kill anyone today,” said Billy Crystal’s Mitch to Jack Palance’s Curly in City Slickers. “Day ain’t over yet,” replied Curly. Bernstein, though, is ready to call it a day, saying bitcoin’s (BTC) being down just 26% from its record high of less than three months ago shows resilience. Previous crises, such as the Covid-19 epidemic and interest rate shocks, saw the world’s largest cryptocurrency “fall of the cliff” with 50-70% drawdowns, the report noted. The price action “suggests demand from more resilient capital,” the analysts led by Gautam Chhugani wrote. “Bitcoin’s digital gold thesis has strengthened driven by…
Tron founder Justin Sun has compared the controversy surrounding First Digital Trust to that of FTX before its collapse but insists the former’s case is “significantly worse.” The FTX Comparison Tron blockchain founder Justin Sun has compared First Digital Trust’s (FDT) situation, following its reported “unauthorized” transfer of $456 million from TUSD’s custodial funds, to that of FTX weeks before its collapse. While he described both situations as “extremely serious” and “egregious cases of fraud,” Sun insists FDT’s case is “significantly worse.” Sun’s latest remarks on the growing controversy, which saw the stablecoin FDUSD briefly depeg, came just days before…
This is a segment from the 0xResearch newsletter. To read full editions, subscribe. If I had a nickel for every time I’ve heard the adage about “putting the toothpaste back in the tube” applied to the Trump tariffs experiment, I could buy…oh, a small fraction of a bitcoin. As much as we might wish the chaos to subside, the norms of mutually-beneficial global trade may simply be over. BTC is regarded as holding up relatively well, but as I see it, it’s more so hanging on by a thread. The kitten “hang in there” meme, if you will. Bitcoin yesterday…
Orderly, a platform for decentralized trading, has announced the launch of its OmniVault to raise the bar for crypto yield strategies. OmniVault is a transforming vault system, enabling users to access elite algorithmic trading strategies while depositing funds. These trading algorithmic strategies will be exclusive to the trading institutions. Introducing Orderly OmniVault – https://t.co/P5QDraoTx7Imagine being able to deposit your funds with the world’s top algorithmic market makers—the pinnacle of crypto trading, the experts who profit regardless of market conditions.Now you can. Our debut OmniVault is powered by… pic.twitter.com/95pdgaJFmw — Orderly (@OrderlyNetwork) April 15, 2025 The debut OmniVault is backed by…
Ethereum maintains blockchain development leadership with its 183.8K recorded development activity events. During the measured period the ecosystem experienced a minimal increase of 0.89% in its development events. The number of contributors fell by 2.54% throughout the period resulting in 1.7K developers. The development metrics of BNB Chain showed 75.6K events but faced a significant 9.45% reduction over the period. The number of ecosystem contributors slightly rose by 0.78% to establish 904 contributors. Developer activity at Polygon fell by 10.35% when the platform registered 72.5K events. The number of contributors participating in the project reached 704 developers through a 0.86%…
Bitcoin investors may not exactly feel it, but BTC has been a relatively good bet since President Trump’s tariff plans last week resulted in historic losses in traditional markets. While stocks and other mainstream investments have been falling off a cliff since the “Liberation Day” announcement April 2, bitcoin has remained relatively steady losing “only” 8% of its value. “I think this is the most bullish 8% drawdown I’ve ever seen in bitcoin,” said Zach Pandl, head of research at Grayscale, a leading crypto investment manager. Based on historical data, you would expect bitcoin to have three times the volatility…
Plasma has recently revealed its collaboration with Ethena Labs, which is focused on making financial services that bear yield accessible across the globe. The integration brings Ethena’s stablecoin, the $USDe into Plasma’s ecosystem. $USDe is designed to allow its holders to obtain yield from various trading activities such as the basis trade and cash-and-carry arbitration. Not millions. Not billions. Trillions.Pay with ₮ether, Save with Ethena on @PlasmaFDNUSDe will be available on Plasma from day one of their mainnet beta and will help power Plasma’s payments & DeFi ecosystem alongside USD₮ https://t.co/nX3vJ0YLKz pic.twitter.com/nn3oDP0ZWz — Ethena Labs (@ethena_labs) April 15, 2025 Ethena…