Author: NBTC
The price of Ethereum (ETH) has shown some significant change in the past day rising by 1.86%. However, according to trading data from CoinMarketCap, the popular altcoin has recorded negative growth since December 2024 despite some significant gains in the past month. Interestingly, underlying market activity points to a potential price breakout. Ethereum Sees Strong Accumulation Activity Amid Price Dip Ever since touching the $4,000 price mark, Ethereum has slipped into a downtrend falling as low as $3,000. Amidst notable gains by Bitcoin in January, Ethereum continues to struggle hitting consistent lower lows during this period. However, a CryptoQuant market…
This is a segment from the Empire newsletter. To read full editions, subscribe. Crypto is a creature of extremes. Look no further than the major narratives right now. AI agents and memecoins are almost completely virtual. DePIN, meanwhile, derives practically its entire value proposition from very physical networks of hardware. In the real world. So, you can’t fault Helium — the decentralized wireless carrier powered by Solana — for teaming up with DAWN to expand both their networks, together. The pair have struck a partnership to allow Helium hotspot operators to serve DAWN broadband internet, and vice versa, to create…
Sam Bankman-Fried’s parents, Joseph Bankman and Barbara Fried are reportedly trying to secure a presidential pardon for their son. However, it’s still unclear whether they have directly reached out to Trump or his administration. Their efforts come at a time when crypto-related pardons are making headlines, especially after Trump granted clemency to Silk Road founder Ross Ulbricht. Life Behind Bars- Will Trump Take Chance? Ulbricht’s pardon has sparked speculation that other high-profile crypto figures might also get a second chance. Elon Musk Is the Co-founder of Tesla, an investor and entrepreneur. He was born on the 28th of June,1971, and…
Nubit has introduced Goldinals, a unified token protocol for every Bitcoin native asset, as well as Meta Protocols. The token protocol claims to build a “trustless world computer for Bitcoin,” offering solutions that address limitations in programmability, data availability and asset creation. In an X post on January 10, Nubit announced: Today, Bitcoin has 100+ asset protocols—fragmented, inefficient, and isolated. Every new feature requires building a new protocol from scratch. However, Goldinals changes everything. ~Nubit Goldinals is developed on BitVM and already works well with BRC-20, Runes and Ordinals According to Nubit, the new token protocol, Goldinals, is fully compatible…
The Ethereum-based L2 ecosystems have recently seen a sheer drop in their total value locked. As per the data from CoinRank, the cumulative TVL of the Ethereum L2s has plunged to $43.29B. This significant drop indicates a 1.97% slump over the recent days. In this respect, the respective development highlights the ongoing volatility across the DeFi sector. Additionally, it displays the effect of the wider market trends on Ethereum’s L2 scaling solutions. Ethereum L2 TVL drops to $43.29B, down 1.97% in 7 days The total value locked (TVL) in Ethereum Layer 2 networks has fallen to $43.29 billion, marking a…
In May 2022, two and a half years ago, Terra/LUNA was one of the most promising cryptocurrency projects in the space. But its algorithmic stablecoin, TerraUSD (UST), had a fatal flaw. Pair that with a market freakout, and the whole thing imploded. Billions were lost, trust broken, and the crypto space still feels the sting. Today, we’re looking back at what Terra/LUNA was, how it collapsed, and the fallout that followed. What was Terra/LUNA? Terra (LUNA) was a blockchain platform that sought to create a stable digital economy using its algorithmic stablecoin, TerraUSD (UST), which was designed to hold a…
Cardano founder Charles Hoskinson wants to become a major power broker in Wyoming politics after feeling wronged by the system. Cardano founder Charles Hoskinson has never been one to let things slide. Over the past two months, the crypto founder has called out the blockchain selection process for the state of Wyoming’s Stable Token (WST) project, arguing that it was unfair and biased after his project was snubbed. Now, the crypto billionaire looks set to put his money where his mouth is. If You Can’t Beat the System, Influence It? Cardano founder Charles Hoskinson wants to become a major power…
The United States Department of Justice (DoJ) has reportedly obtained the clearance to offload 69,000 Bitcoins ($BTC). As per Glassnode, this potential Bitcoin ($BTC) liquidation raises concerns about a likely impact on the wider crypto market. This development has reportedly gained substantial attention in comparison with the former big-scale $BTC sell-offs. Additionally, it also pushes the market onlookers to look for the likely market response. However, it remains to be seen whether the potential selloff leads to a positive or negative sentiment. The U.S. Department of Justice (DoJ) is cleared to sell 69,000 $BTC – worth over $6B. How does…
The last quarter of 2024 was marked by intense activity across all departments of the IOTA Foundation, not least because of the massive implications of the IOTA Rebased protocol update. With the proposal accepted by a community vote towards the end of the year, all eyes are now on the evolution from the current Rebased Testnet to the Mainnet release in 2025. In the meantime, let’s catch up on the work of the IOTA Foundation‘s teams. Research & Development In Q4 2024, the milestone work on IOTA Rebased was supported by focused efforts across all R&D teams to align infrastructure,…
Pro-XRP advocate John Deaton is calling for the indictment of Sam Bankman-Fried’s parents following reports that they are lobbying for a pardon for their son from former President Donald Trump. Deaton insists that Joseph Bankman and Barbara Fried, the parents of the disgraced FTX co-founder, took customer funds swindled from the crypto exchange. In a post on X today, Deaton replied to a news update regarding Bankman Fried’s parents plea to the 47th US President saying: “Funny, because I’m seeking an indictment of them.” Polymarkets predictions are saying the prisoned American entrepreneur has a 6% chance of receiving a pardon…