Author: NBTC

On-chain data analytics platform Growthepie has revealed that the Ethereum Layer 1 blockchain has accumulated over $1.67 billion in gas fees from DeFi, accounting for over 30% of all the fees accumulated from all DeFi ecosystems. Base, ZKsync Era, and Arbitrum One are the chains taking the 2nd, 3rd, and 4th place after Ethereum, having accumulated $39.53 million, $37.69 million, and $34.60 million in DeFi fees, respectively. The data also indicated that Ethereum Layer 1 is still leading in weekly DeFi fees, accumulating a little over $1 million. Base and Arbitrum One are the 2nd and 3rd chains in weekly…

Argentina’s stock market took a sharp nosedive Monday morning after the country’s president was hit with fraud charges for promoting a meme coin late Friday. The S&P Merval dropped by over 5% when markets opened in Buenos Aires Monday, data from Yahoo shows. The index, which tracks the biggest companies in the South American country, has since rebounded slightly but is still trading 3% lower than when it closed Friday. Argentina’s markets have been thrown into chaos after President Javier Milei on Friday pointed his followers on X (formerly Twitter) to a Solana-based token called LIBRA. The president had said…

This is a segment from the Forward Guidance newsletter. To read full editions, subscribe. President Trump released a fresh batch of cabinet nominations late last week and among them are two names familiar to the crypto industry: Brian Quintenz and Jonathan Gould. Quintenz is being tapped to run the CFTC and Gould is Trump’s pick for comptroller of the currency. Neither nomination hearing has been scheduled yet. Quintenz served under Trump as a CFTC commissioner from 2017 to 2021. Most recently he’s been the policy lead at a16z crypto. Republican Commissioner Caroline Pham, also seen as a crypto advocate, has…

Ethereum ascending triangle ignites bullish pump sentiments. The crypto market faces dark rug pull phase and ETH ignites hope. New ETH ATH could lead to altseason peak phase soon. The crypto space is going through a rocky phase at the moment, degens are memecoin holders are feeling the volatile nature of the crypto market. This paired with the latest LIBRA and MELANIA rug pulls have put the crypto community in a state of fury and FUD. Despite this seasoned analysts remain calm and hold onto hope for a glorious altseason. Ethereum Ascending Triangle Formation #AltcoinsEvery Altseason starts with $ETH starting…

Former Rep. Adam Kinzinger pushed back on the idea that cryptocurrency could pay off the U.S. national debt, arguing that while blockchain has practical applications in government and finance, Bitcoin is not a viable solution for economic stability. In a recent interview hosted by Saxo to mark President Donald Trump’s first 30 days in power, crypto.news was invited to submit questions. Kinzinger emphasized that while cryptocurrency may have a role in the financial system, it is not a solution for tackling national debt. “Is crypto going to play a role? Yes,” Kinzinger said. “Is crypto going to end up being…

As the cryptocurrency segment is recovering from the mediocre start of 2025, the largest meme coins are yet again in the spotlight. Their sentiment inspires double-digit rallies that can only compete with mid-cap altcoins with solid tech accomplishments. Dogecoin (DOGE) second best performer today Dogecoin (DOGE), the largest meme cryptocurrency, is up by 14.2% today. Its capitalization added over $7 billion overnight, which pushed DOGE to the list of top daily gainers as of Jan. 4, 2025. Dogecoin (DOGE) cemented its position as the seventh largest crypto by market cap. The closest competitor, the USDC stablecoin, sees its capitalization sitting…

Kelsier Ventures, the firm at the center of Argentina’s LIBRA meme coin scandal, has been in discussions with Nigerian officials about launching a similar project on the Solana blockchain, The Big Whale reported. The firm’s Nigerian expansion plans emerge after the LIBRA controversy, which resulted in estimated losses of $4 billion affecting 40,000 investors. While there is no indication that Nigerian President Bola Tinubu was directly involved, the report informs that members of his team were engaged in the discussions. Regarding the LIBRA affair, Hayden Davis, CEO of Kelsier Ventures, declared that the firm maintains control over the funds and…

Mike McGlone, the chief commodity strategist at Bloomberg Intelligence, has taken to his official account on the X social media network (widely known as Twitter in the past) to share his take on the likely pivot that the gold-Bitcoin rivalry may take in the approaching 2025. Will gold surpass Bitcoin in 2025? Mike McGlone has shared recent data provided by Bitcoin Intelligence regarding gold reaching a peak of 26%, up this year, as of Dec. 30. This bullish momentum suggests that next year, the most popular precious metal may outperform the S&P 500 index. McGlone pointed out that odds are…

Ethereum price is showing positive signs above the $2,650 zone. ETH is outshining Bitcoin and might start another increase in the near term. Ethereum is holding gains and aiming for more gains. The price is trading above $2,650 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $2,700 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a decent upward move if it settles above $2,750 and $2,780. Ethereum Price Regains Traction Ethereum price attempted a fresh increase above the $2,700 level, beating Bitcoin. ETH broke the…

JPMorgan Chase has increased its stake in exchange-traded funds (ETFs) by 30% since May 2024, when it disclosed $760,000 in Bitcoin ETFs. This represents an increase of over $220,000 in just a few months. JPMorgan expands crypto ETF portfolio with major investments in Bitcoin and Ethereum funds The bank disclosed in its most recent 13F filing with the U.S. Securities and Exchange Commission (SEC) that it has greatly expanded its exposure to Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs). The bank has invested $984,000 in Bitcoin ETFs and $32,300 in Ethereum ETFs through various products. Among its Bitcoin ETF…