Author: NBTC
After preparing its largest monthly dump to date in November, Ripple is back to its usual selling activities in December. On Sunday evening, the company reserved 200 million XRP from this month’s 1 billion unlock, ready to offload. As Finbold reported, Ripple unlocked December’s tokens in three escrows from two known XRP accounts under the company’s control. Ripple (24) unlocked 200 million and 300 million XRP, sending the lower amount to Ripple (1), the company’s treasury account. Then, Ripple (24) sent the 300 million tokens to Ripple (12), locking it in another escrow with finality for 2028. Meanwhile, Ripple (25)…
Pantera Bitcoin Fund, one of the earliest Bitcoin-focused investment funds, has reached an extraordinary milestone with 1,000x returns, representing a lifetime gain of over 131,000%. In a blockchain letter shared on Pantera Capital’s website, Dan Morehead, Pantera Capital’s CEO, reflected on the fund’s success. He projected that Bitcoin could reach $740,000 by 2028, which would equate to a market cap of $15 trillion—an achievable figure within the context of $500 trillion in global financial assets. Morehead highlighted Bitcoin’s trajectory of achieving three orders of magnitude growth so far and suggested another order of magnitude is plausible. He also credited institutional…
Ah, Bitcoin—a digital enigma that dances between brilliance and bafflement, much like a British summer deciding whether to rain or shine. As we teeter on the brink of the $100,000 milestone, it’s impossible not to cast our minds back to the late John McAfee: antivirus mogul, libertarian firebrand, and a man whose eccentricity made the Mad Hatter look like an accountant. In the distant, carefree days of 2017—when masks were for surgeons and Zoom was just an onomatopoeia—McAfee made a proclamation that would make even Nostradamus raise an eyebrow. He boldly wagered that Bitcoin would soar to $500,000 within three…
Justin Sun, founder of TRON (TRX) ignited a new wave of speculation with a recent tweet. In the cryptic tweet, he hinted about a big move, where TRON could make TRX version of MicroStrategy. The tweet reads: Justin Sun Cryptic Post mentioning MicroStrategy (Source: X Post) Justin Sun Sets X on Fire Sun’s tweet quickly gained attraction and gave rise to many speculations within the crypto community. The mention of MicroStrategy, a company known for its massive Bitcoin Holdings, has led people to speculate if TRON could soon adopt the same strategy and create a TRX reserve by accumulating TRX…
A South Korean lawmaker has proposed an amendment to better protect users of virtual assets in the country. Kim Hyun-jung, a member of the Democratic Party of Korea (DPK), therefore proposed a change to the Virtual Asset User Protection Act. It aims to increase transparency and accountability in the country’s growing virtual asset market. This action comes as the crypto market grows in South Korea, with financial institutions moving into the digital asset space. The amendment seeks to improve communication between virtual asset service providers (VASPs) and the Financial Services Commission (FSC). If passed, VASPs must immediately report any incidents…
Bitcoin (BTC) has retreated further from the highly anticipated $100,000 milestone, raising questions about the asset’s sustainability of the current bull run. The maiden cryptocurrency has plunged over 5% in the last 24 hours, trading at $91,950 as of press time. On the weekly timeframe, BTC has corrected by a modest 0.13%, with the $90,000 level remaining a key support zone to watch. A drop below this spot could signal further losses as the post-election momentum appears to be fading. This short-term correction is partly tied to the behavior of long-term holders and the inflows around Bitcoin spot exchange-traded funds…
Pump.fun achieved $93M in revenue despite controversy and livestream content issues. Solana meme tokens like PNUT and CHILLGUY drive significant platform growth. Pump.fun’s Fee Account transferred 100,000 SOL tokens, valued at approximately $23.66 million, to Kraken Deposit at 18:59 (UTC+8). This is the second significant transfer by the account in one day, bringing the total SOL transferred to Kraken within the past 24 hours to 200,000 SOL, worth around $47.17 million. This comes as the memecoin launchpad celebrates its highest monthly revenue to date. In November, Pump.fun achieved a revenue of $93 million, marking its best month since launch. Despite…
On the eve of 2025, the Chinese government released new laws heavily hurdling cryptocurrency circulation in mainland China. This was by far not the first attack on crypto by China. Is China a role model for other governments that don’t want crypto in their countries? New legal attacks on crypto in China On Dec. 31, 2024, China tightened up its crypto regulation once again. This time, the foreign exchange regulator is pushing the banks to flag all cross-border crypto-related transactions and block the parties involved from certain bank services. Now, banks must track the financial behaviour deemed risky based on…
On Nov. 26, at block height 872,092, a long-dormant stash of 1,965 bitcoin (BTC), valued at a staggering $185.3 million, stirred for the first time in nearly a decade. Vintage 2014 Bitcoin Wallet Awakens: Millions Shift Amid Record Prices As bitcoin hovers above $90,000, trading at $94,342 per coin at 11:40 a.m. EDT on Tuesday, an address from 2014 made a significant move. Originally acquired on Dec. 22, 2014, in the legacy Pay-to-Public-Key-Hash (P2PKH) address “1JQJn,” the funds were tracked by btcparser.com. The bitcoin was transferred to another P2PKH wallet, with 0.00003 BTC sent to a separate wallet. The transfer…
SynFutures, a decentralized exchange for perpetual derivatives trading, has unveiled the SynFutures Foundation and announced an airdrop of its native F token. The SynFutures Foundation will work with the community to oversee the development of the DEX platform and secure key partnerships. The F token is an Ethereum-based mainnet asset that will provide holders with governance rights, staking rewards, and fee discounts. The airdrop will distribute 10 billion F tokens to the community, with additional airdrops planned in the future. SynFutures noted in a press release that the airdrop will benefit the community, DEX sponsors and advisors, the foundation’s treasury,…