Author: NBTC
Wharton’s Jeremy Siegel called Trump’s 100% BRICS tariffs ironic, noting bitcoin—which Trump backs—is a bigger threat to the dollar as a global reserve. Wharton Professor: Trump’s Bitcoin Advocacy Contradicts BRICS Tariff Threats Jeremy Siegel, professor emeritus of finance at the Wharton School, commented Monday on President-elect Donald Trump’s plan to impose 100% tariffs on BRICS nations if they pursue a shared currency to challenge the U.S. dollar as the global reserve. In a CNBC interview, Siegel expressed skepticism about Trump’s plan, highlighting a potential contradiction related to bitcoin. He said: I find that really curious because I think the biggest…
In a significant example of precise high-stakes trading in the crypto market, an Ethereum whale has carried out a lucrative snipe on the $CULT coin. As per Lookonchain, the whale obtained a net profit of up to $1M in a short period from $CULT sniping, highlighting the surging sophistication by the traders in the DeFi sector. Someone used 500 $ETH($1.99M) to snipe 467.64M $CULT and currently has a profit of ~$1M.The sniper used 100 $ETH($398K) as a bribe fee and successfully became the first one to buy $CULT!So far, he has sold 267.64M $CULT for 432 $ETH($1.72M), leaving 200M $CULT($1.32M).……
This is a segment from the Lightspeed newsletter. To read full editions, subscribe. Max Resnick, who has in recent months become one of Ethereum’s more notable online figures, has joined Solana core development shop Anza, he announced on X today. Resnick previously worked at a Consensys subsidiary named Special Mechanisms Group and became known for his contrarian beliefs on Ethereum’s roadmap — arguing that some thinking around layer-2s was misguided and Ethereum should focus on scaling the base layer. In classic crypto fashion, much of Resnick’s rising star originated on X: Kaito AI ranks him as having the 40th-highest mindshare…
The fundraising is to expand Recursive Capital’s investments in bitcoin companies exclusively on the African continent. More Support for Bitcoin Companies in Africa Recursive Capital, a venture capital firm that specializes in funding bitcoin businesses in Africa announced the Fund I’s first close on Saturday, Nov. 30. Block Chairman Jack Dorsey, chairman of Fortress Investment Group, Peter Briger Jr., and Jeff Booth, founding partner at Ego Death Capital were the anchor investors in this round. The fund’s goal was discussed by the company’s CEO, Abubakar Nur Khalil, a Nigerian Bitcoin Core contributor who also acts as the acting CEO of…
The adoption of Bitcoin at the state level will likely happen before the federal government enacts legislation on the same. The cash inflow into Bitcoin will likely not circulate to the altcoin industry due to the notable L2 developments on BTC and higher demand from institutional investors. Following the historic victory of Donald Trump as the next POTUS last month, the mainstream adoption of Bitcoin (BTC) and digital assets has gained significant traction. The upcoming US president promised to launch a strategic national Bitcoin stockpile, which will add to the existing BTC holdings. The creation of a strategic Bitcoin reserve…
Ondo (ONDO) is just a month away from a massive token unlocking event. This event could push the price of the digital asset to monthly lows if the digital asset sector and investors are not ready. A massive $3 billion worth of ONDO tokens will hit the market on January 18th, 2025, but with a catch. According to a post on X (formerly Twitter) by Tokenomist (previously known as TokenUnlocks), the unlocked tokens, representing 135% of the circulating supply (14.37% of the total supply), will be divided into two. About 80% of the total tokens unlocked will go toward ecosystem…
The crypto market is now betting heavily that the US Federal Reserve will cut interest rates by 0.25% in December. According to the CME FedWatch tool, the chances of this happening have risen to 74.5%, up from 66% just a few days ago. This means more and more investors believe the central bank will take action at its meeting on December 17-18. If the Fed cuts rates, it would be the third reduction this year. What Does a Rate Cut Mean to Crypto? A rate cut would lower the cost of borrowing money for individuals and businesses. When interest rates…
Crypto airdrops farmers have ten valuable opportunities to receive free cryptocurrency tokens from projects backed by renowned investors. These airdrops distribute free tokens to attract new users and expand communities. For crypto enthusiasts, the following airdrops present a chance to earn new tokens and engage with emerging projects. Movement Network Movement secured $41.40 million in a funding round co-led by Polychain Capital, Borderless Capital, Blizzard Fund, and dao5, with additional participation from Binance Labs. While the MOVE network currently has no active tasks, users can claim their MoveDrop by connecting their EVM wallet used during registration. This initiative highlights the…
Bitcoin (BTC) experienced a major rise after Donald Trump won the election, approaching the $100,000 mark, but then experienced a correction. Although the Bitcoin price has been volatile in recent days due to these corrections, it closed November with a 37% increase. In addition, despite these corrections, the market expectation of $100,000 continues, while crypto analysis platform Matrixport claimed that Bitcoin could reach $110,000. Matrixport analysts, who used historical monthly returns in this analysis, stated that BTC’s average return in December was 9.6% and that the price has the potential to reach $110,000 in December. Matrixport wrote in its daily…
Migration from Polygon to Cardano Enables Atómico3 to Utilize Advanced Tokenization Technology, Backed by Lithium Reserves. Strategic Collaboration with ZenGate Global Bolsters Atómico3’s Position, Offering Innovative Funding Mechanisms for Asset Mining. Atómico3 Promises Significant Investment Value Increase Through Token Sale on Cardano, Aligning with Compliance Standards. Cardano has announced a strategic partnership with Paraguayan startup Atómico3, which specializes in lithium mining tokenization. Atómico3 plans to transition its current contract from Polygon to the Cardano blockchain. This move aims to tokenize lithium mining assets to facilitate the transition to clean energy sources. Previously, the Latin American Chamber of Lithium (Calbamerica) and…