Author: NBTC
Where Presidential Power Meets Digital Finance: A Constitutional Crisis in the Making? In an unprecedented move that has sent shockwaves through both political and financial circles, President-elect Donald Trump launched the $TRUMP cryptocurrency just four days before his second inauguration. Within 48 hours, the meme coin’s value tripled from $20 to $70 per token, catalyzing over $24 billion in trading volume and pushing its market capitalization past $14 billion. While crypto enthusiasts celebrate this as a watershed moment for digital assets, the launch raises profound legal questions about the intersection of presidential power, securities law, and market integrity. At stake…
Bitcoin price is attempting a recovery wave from the $89,200 zone. BTC is rising and might face resistance near the $95,800 zone. Bitcoin started a recovery wave from the $89,200 zone. The price is trading above $94,000 and the 100 hourly Simple moving average. There was a break above a connecting bearish trend line with resistance at $92,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase if it stays above the $92,450 support zone. Bitcoin Price Eyes Recovery Above Below $95K Bitcoin price started a short-term recovery wave after a…
Sushi Labs acquires Shipyard Software to enhance DEX performance, reduce impermanent loss, and improve cross-chain liquidity efficiency. The integration of Blade and Kubo aims to optimize trading execution and expand SushiSwap’s multi-chain ecosystem. Sushi Labs, the firm behind the decentralized exchange (DEX) SushiSwap, has acquired Shipyard Software. This action not only enhances the SushiSwap ecosystem but also creates fresh chances for effective crypto asset trading among several blockchain systems. With this acquisition, Sushi intends to solve various issues in decentralized finance, including enhancing cross-chain transaction efficiency and optimizing liquidity provision. The way Shipyard Software’s technologies can be combined to elevate…
Polymarket only sees a 16% chance that the Donald Trump will order the creation of a strategic bitcoin (BTC) reserve in the first 100 days of its administration, despite assurances from crypto czar David Sacks that there’s an effort underway to explore the idea. “President Trump has asked us to study that issue, so we are not ready to comment on it yet. But it’s one of the things our working groups are going to look at,” Sacks said in a recent appearance on Fox. 🚨 NEW: President Trump’s Crypto Czar, David Sacks, confirms on Fox News that they are…
Bitcoin (BTC) enthusiasts are keeping a close watch on the pioneer crypto’s next move as the US Dollar Index (DXY) surges to a 26-month high of 110. Historically, Bitcoin’s performance has shown an inverse correlation with the DXY, prompting speculation that a pivotal moment for the digital asset may be on the horizon. Crypto Experts Sound the Alarm As DXY Soars to 110 Quinten Francois, a prominent crypto educator, noted the historical significance of DXY levels in a recent post. He also highlighted that when DXY goes down, Bitcoin goes up, predicting that this will happen in 2025. “Last time…
The total value locked (TVL) across DeFi protocols on the Polygon blockchain has reached approximately $844 million, according to data from DefiLlama. This metric, which represents the total capital deposited in smart contracts on the network, highlights the scale of adoption of various decentralized finance (DeFi) applications on Polygon. Top Polygon Protocols by Total Value LockedThe total value of assets locked in @0xPolygon $POL is around $844M, according to @DefiLlama. Let’s compare the top #DeFi-protocols on #Polygon chain by current #TVL in USD, in order to evaluate their adoption scale$AAVE $UNI $QUICK… pic.twitter.com/ZuqUxgDAAQ — TOP 7 ICO | Crypto News…
Bitso, the Latam-focused cryptocurrency exchange, has launched a stablecoin startup accelerator program. ‘The Push’ will support five stablecoin projects based in or planning to establish themselves in Latam, providing each with $250K to capitalize on the growing popularity of stablecoins in the region. Bitso to Support Stablecoin Innovation in Latam With ‘The Push’ With the exploding popularity of stablecoins worldwide, stablecoin-based projects are in investors’ sights. Bitso, one of the largest exchanges in Latin America, has recently launched an accelerator to support stablecoin-focused initiatives. “The Push” will select five stablecoins-based startups to support their products with up to $250K in…
Meme coins have officially entered the halls of power. Just a day before President-elect Donald Trump’s inauguration as the 47th U.S. President, he and his wife, First Lady Melania Trump, have dropped their meme coins, Official Trump ($TRUMP) and Melania Meme ($MELANIA), sparking a frenzy of reactions on Crypto Twitter. $TRUMP climbed to a fully diluted valuation (FDV) of $72 billion while $MELANIA surged over 12,000% within hours of the launch, per DexScreener data. However, the meme coin debuts siphoned liquidity from the broader crypto market, leaving Bitcoin (BTC) steady and altcoins struggling to recover. Popular meme coins such as…
Spot Bitcoin exchange-traded funds in the United States recorded their third consecutive day of outflows this year, as Bitcoin fell below $90,000 amid a broader market risk-off sentiment. According to data from SoSoValue, the 12 spot Bitcoin ETFs logged $284.19 million in net outflows on Jan. 13, extending their outflow streak to three days, during which over $1 billion exited the funds. Fidelity’s FBTC led the outflows on Monday, with $113.64 million exiting the fund, followed by ARK 21Shares’ ARKB, which saw outflows of $92.36 million. Grayscale’s GBTC and Bitwise’s BITB also contributed to the negative momentum, with investors withdrawing…
Sonic’s Total Value Locked (TVL) reached an ATH of $257.24 million this week on January 28, 2025. The surge is an indicator of robust activity on the blockchain. Major protocols fueling Sonic TVL’s growth The top 10 protocols contributing to Sonic’s TVL are Silo Finance, Beets, Avalon Labs, Swapx, WAGMI, ICHI, Beefy, Shadow Exchange, Equalizer Exchange, and Uniswap. Silo Finance, a decentralized lending protocol, emerged as the top contributor with a $112 million TVL on the Sonic network. This massive TVL suggested that Silo Finance is significantly benefiting from its decentralized lending platform that enables users to borrow virtual assets…