Author: NBTC
Over the past few days, the wave of liquidations across the cryptocurrency market has shaken investor confidence, leaving many traders on edge. With strengthening bearish pressure, many BTC holders are distributing their coins. Bitcoin’s long-term holders (LTHs), typically known for extended grip on their coins, have begun selling, adding further pressure to an already cautious market. What does this mean for the coin in the short term? Old BTC Heads to Exchanges — Are Long-Term Holders Losing Confidence? The Coin Days Destroyed (CDD) of Bitcoin being deposited onto exchanges has reached its highest point in 30 days. According to CryptoQuant,…
Resolv Labs, the firm behind the $450 million decentralized finance (DeFi) protocol Resolv, has closed a $10 million seed round to expand its crypto-native yield platform and USR stablecoin, the team told CoinDesk in an exclusive interview. The investment round was led by Cyber.Fund and Maven11, with additional backing from Coinbase Ventures, SCB Limited, Arrington Capital, Gumi Cryptos, NoLimit Holdings, Robot Ventures, Animoca Ventures and others. Stablecoins, a $230 billion and rapidly expanding class of cryptocurrencies with pegged prices to an external asset, are capturing attention well beyond their traditional use in payments and trading. A growing cadre of crypto…
Shares of Applied Digital (APLD), a Texas bitcoin mining and data center firm, dropped sharply on Tuesday after the digital infrastructure provider reported quarterly results that fell short of Wall Street expectations. The company, which has pivoted from its crypto mining roots to focus on high-performance computing (HPC) and AI-focused data centers, reported revenue of $52.9 million for the quarter ending February 28, 2025—a 22% increase from a year earlier, but well below analysts’ consensus estimate of $64.5 million, a nearly 18% miss. Despite the top-line miss, Applied Digital reported a non-GAAP net loss of $0.08 per share, beating analysts’…
For years the Securities and Exchange Commission pressed crypto exchange Coinbase to be more transparent about its relationship with stablecoin issuer Circle, recent filings show. A batch of correspondence dated January through March 2025 was uploaded to the SEC on Tuesday. In a January letter, the Commission’s Division of Corporation Finance requested that Coinbase clarify how “stablecoin revenue is generated, in part, from the distribution of USDC” in its future disclosures, including “the formula used to determine your share of stablecoin revenue.” The SEC’s inquiry focused on financial statements dating back as far as 2022, requesting certain disclosures be revised…
In what has become a chaotic week for global markets, Bitcoin surged past the symbolic $80,000 mark in overnight trading — only to be dragged back down following a dramatic reversal in narrative out of Washington, D.C. The market whipsaw began when unconfirmed reports suggested the Trump administration might offer a 90-day pause on matching tariffs related to the trade dispute with China. This rumor triggered a swift, hopeful rally across risk assets. Bitcoin punched through the $80,000 resistance level during this brief optimism. https://twitter.com/KobeissiLetter/status/1909259768398479839 Reality Bites: White House Denial, Trump Threat Reverse Gains That optimism evaporated quickly. Media outlets…
LunarCrush presents the recent Galaxy Score rankings showing the top 10 cryptocurrency assets that have gained popularity through social media and market dynamics. Community engagement, along with sentiment towards a coin, is measured through the proprietary Galaxy Score, which functions as an early momentum indicator. TOP 10 COINS BY LUNARCRUSH GALAXY SCORE$AERGO $ETH $JUP $BTC $YFI $AAVE $BNB $XMR $SKY $QUICK pic.twitter.com/Vyob5Cxtou — PHOENIX – Crypto News & Analytics (@pnxgrp) April 16, 2025 Emerging Leaders: Aergo, Ethereum, and Jupiter Aergo (AERGO) stands out as a fast and scalable hybrid blockchain that gains developer popularity through its enterprise-grade SQL backing. Businesses,…
Tuesday, Wall Street went up as investors thought about the chance of tariff relief for the auto industry. This comes after Trump hinted at potential exemptions for the 25% tariffs imposed on imports on Monday. Trump said, “I’m looking at something to help some of the car companies, where they’re switching to parts that were made in Canada, Mexico, and other places, and they need a little bit of time because they’re going to make them here.” He added, “They need a little bit of time, so I’m talking about things like that.” As a result, General Motors (GM), Stellantis…
The value of President Donald Trump’s controversial memecoin has cratered following the rollout of the White House’s new tariffs. Official Trump (TRUMP) is trading at $9.03 at time of writing and is down more than 13% in the past 24 hours. Trump signed an executive order on Wednesday that slapped a 10% baseline tariff on all imported goods entering the US, effective April 5th, with the stated goal of protecting domestic manufacturing. He also issued a proclamation detailing “reciprocal tariffs” on dozens of specific countries effective April 9th, with rates totaling up to 54% on China. The tariffs rattled global…
As Chief Legal Officer at Kraken, Marco Santori oversaw legal and regulatory compliance at one of the world’s longest-standing and most secure crypto platforms. Now, having joined the WalletConnect Foundation as a Director, Santori is getting “back to his roots,” he told Decrypt. “I wanted to focus on self custody,” Santori said, explaining that much of the growth in the crypto industry in recent years has been driven by speculation. “That’s a feature, not a bug; Satoshi was one of the first to point this out,” he added. But while speculators are the “top of the funnel for crypto adoption,”…
Bitcoin miners may be struggling as the price of the biggest cryptocurrency by market value trades sideways, and investors sell off their equity—but stablecoin giant Tether is betting big on one of the sector’s largest players, purchasing about $32 million in equity in publicly traded Bitdeer in April. An SEC filing shows Tether snapped up the shares as the price of Bitdeer’s stock dropped. Tether did not immediately respond to Decrypt’s questions, but the company has increased its interest in the Bitcoin mining space: The company bought a stake in Bitdeer last year, and in March, filings showed that it…