Author: NBTC
In a recent interview with Kitco News, Natalie Brunell, a Bitcoin educator and host of the Coin Stories podcast, shared her thoughts on U.S. Senator Cynthia Lummis’s groundbreaking proposal for a U.S. Bitcoin Strategic Reserve. According to Brunell, Senator Lummis has suggested converting part of the U.S.’s vast gold reserves into Bitcoin. Brunells says that the U.S. currently holds the largest gold reserves globally, totaling over 8,000 tons. Lummis’s proposal includes acquiring one million Bitcoins over 20 years, equating to about 5% of Bitcoin’s total supply. She argues that this transition could be “balance sheet neutral” by exchanging gold certificates…
This is a segment from the 0xResearch newsletter. To read full editions, subscribe. The rise of “Bitcoin DeFi” on new networks looking to scale Bitcoin has primarily come through bitcoin-backed derivatives like SolvBTC.BBN and LBTC. These derivatives receive staking rewards from Babylon, offering new avenues for liquidity and yield generation. However, concerns about the transparency of these platforms, particularly regarding the management of bitcoin reserves, have sparked debate within the Bitcoin community. A recent article by the co-founder of Nubit, known online as Hans, raised alarms about the potential for unbacked reserves and the inflation of total value locked (TVL)…
The crypto market rallied in recent weeks, with Bitcoin (BTC) reaching an all-time high of $98,000 before dipping to $92,000; currently trading around $94,000. Large-cap tokens like Cardano (ADA), XRP, and Stellar (XLM) also saw gains, but low-cap altcoins, particularly those linked to the metaverse, stole the show. Kaia (KAIA), Decentraland (MANA), The Sandbox (SAND), EigenLayer (EIGEN), and ZKsync (ZK) are primed for substantial growth. SAND and MANA linked to Metaverse have seen exponential growth. According to CoinMarketCap, SAND is positioned at the 69th rank and trading at $0.6037, whereas MANA is at 86th position and priced at $0.5938. Just…
Leading cryptocurrency exchange OKX has announced the listing of USDT-margined perpetual futures for DUCK, as well as the activation of DUCK margin trading and integration with the platform’s Simple Earn program. OKX Announces DUCK Listing with Perpetual Futures, Margin Trading and Simple Earning Options Important Dates and Features USDT-Margined Perpetual Futures: Trading of DUCK perpetual futures will begin at 14:00 on January 16, 2025. Margin Trading and Simple Earnings: DUCK/USDT margin trading and DUCK Simple Earnings will be available starting at 07:00 on January 17, 2025. Trading Platform Compatibility Updates will be available via OKX web and app platforms, as…
Mining-as-a-service firm Blockware has proposed that DeFi protocol Aave create a Bitcoin treasury by mining Bitcoin. In a temperature check proposal submitted to the Aave DAO, the firm is offering to partner with the DeFi protocol to mine BTC. According to the proposal, Aave, which has grown to become a leading DeFi protocol in terms of total value locked (TVL), could benefit tremendously from mining. Blockware Head of Institutional Sales David Gamble explained that the successful lending platform could create a new revenue stream through Bitcoin mining, which would improve its balance sheet and position it for more adoption. Gamble…
In a recent survey conducted by ChainPlay in collaboration with Storible, intriguing insights into the state of cryptocurrency adoption in the United States have been revealed. With over 1,400 participants, the survey sheds light on key trends shaping the financial behaviors of Americans in 2025.—Among the most striking findings is the revelation that 68% of Americans now own cryptocurrency, reflecting the growing prominence of digital assets in financial portfolios. This shift highlights how political developments and market dynamics continue to influence investment decisions across the country.Key Survey Insights1. 52% of Americans Sold Traditional Assets for Bitcoin: More than half of…
The Ethereum Name Service ($ENS) token has surged by an astonishing 55%. The actions of a prominent crypto whale have largely driven this price increase. This seasoned crypto investor has returned after five months of inactivity and deposited 50K $ENS tokens worth $1.66 million into Binance. The $ENS price pumped ~55% today!4 hours ago, a long-term holder returned after 5 months of inactivity and deposited 50K $ENS ($1.66M) to #Binance to take a $968K profit.This whale accumulated 322,739 $ENS in 2022 at ~$13.86, has unloaded 272,739 $ENS at ~$20.75 since Jan… pic.twitter.com/jDlnDtgCBL — Spot On Chain (@spotonchain) November 28, 2024…
TapSwap, a popular Telegram mini-app, has announced a new partnership with Bitget, a prominent crypto-trading platform. The partnership aims to provide users with exclusive benefits and earning opportunities. The platform took to social media to disclose this development. TapSwap is partnering with @bitgetglobal 🤩We’re thrilled to announce our collaboration with one of the world’s leading crypto trading platforms.Starting today at 15:00 UTC a new task will be added to the app! Complete it to unlock the reward 🤖More details about this… pic.twitter.com/aXJ7tkmnzG — tapswap (@tapswapai) January 16, 2025 TapSwap and Bitget Join Forces to Bring New Earning Opportunities for Users…
With Bitcoin (BTC) roaring to new record highs, the momentum has elevated the wealth profile of long-term holders, including anonymous founder Satoshi Nakamoto. To this end, Nakamoto’s wallets, with about 1 million BTC holdings, translate to a net worth of above $96 billion, ranking him as the 18th richest person in the world. This wealth places him just behind the owners of Walmart (NYSE: WMT) Jim Walton and his family, who have a net worth of $102.9 billion. The fortune places Nakamoto above prominent billionaires such as Alice Walton and Carlos Slim Helu in net worth rankings. It’s worth noting…
On Thursday, the decentralized exchange (dex) and automated market maker (AMM) Uniswap revealed that transaction volumes on the platform’s layer two (L2) solutions have surpassed the $500 billion threshold. Half a Trillion and Counting: Uniswap’s Layer 2 Expansion Shatters Records Since its debut on Ethereum mainnet on Nov. 2, 2018, Uniswap has significantly evolved, expanding its reach to include various other networks and Ethereum L2 solutions. It currently ranks as the sixth-largest decentralized finance (defi) protocol, boasting a total value locked (TVL) of $6.241 billion. On Jan. 16, citing insights from Dune Analytics, Uniswap highlighted this major achievement in L2…