Author: NBTC
This is a segment from the Empire newsletter. To read full editions, subscribe. M&A szn is still going strong. Kado Software, the Web3 payments infrastructure company, was acquired by Swapped.com. The team declined to disclose the terms of the deal, but it plans to grow the US operations for Swapped.com, which is a Denmark-based firm. Emery Andrew, Kado’s founder, told me that the team’s been weighing its options for a while — from debating a fundraise to looking for the right fit to acquire it. It was an obvious choice, he added. Especially because Andrew will stay on to help…
Bitcoin’s (BTC) commanding position in the crypto ecosystem continues to strengthen. When combined with the top two stablecoins by market capitalization — Tether (USDT) and Circle’s (USDC) — these three assets now represent approximately 72% of the total cryptocurrency market. This dominance underscores a broader consolidation at the top of the digital asset market, as capital gravitates toward perceived safety and strength. BTC alone has surged to a 64.60% share of crypto market capitalization, briefly touching levels not seen since January 2021. This rise in dominance reflects growing investor preference for bitcoin amid ongoing macroeconomic and market uncertainty. While bitcoin…
Ethereum price failed to clear the $1,650 and corrected gains. ETH is now consolidating and might attempt to recover above the $1,620 resistance. Ethereum started a fresh bearish reaction from the $1,650 zone. The price is trading below $1,600 and the 100-hourly Simple Moving Average. There was a break below a short-term contracting triangle with support at $1,595 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it clears the $1,620 resistance zone. Ethereum Price Dips Again Ethereum price remained stable above the $1,520 level and started a fresh increase, like…
Publicly traded company Upexi plans to create a Solana corporate treasury, using more than $90 million worth of newly raised funds. The Monday announcement sent Upexi shares skyrocketing, more than quadrupling in price as a result. The Nasdaq-listed consumer products firm, which has been diversifying into the crypto space, raised $100 million in its latest funding round, the company said Monday in a press release. Roughly 95% of those funds are earmarked for establishing, filling and operating a new Solana-based treasury reserve. GSR led the funding round, with participation from several crypto firms, including Delta Blockchain Fund, Delphi Ventures, and…
Mantra, the real-world asset tokenization platform whose OM token crashed earlier this month, is pushing to burn as much as 16.5% of its total supply valued about $160 million to boost staking rewards after talks with key partners. The proposal to burn as many as 300 million of its 1.8 billion tokens will drop the bonded ratio from 31.47% to 25.30%. It includes a confirmed tranche of 150 million OM, or about $80 million, belonging to founder John Patrick Mullin and an additional set of tokens owned by “ecosystem partners.” Specifics were not shared in a Monday update. Mullin’s tokens…
Binance upholds its position as the top centralized exchange (CEX) by trading volume with a significant lead over all other competitors on April 21st, 2025. Binance processed $53.4 billion in weekly trading operations representing almost 27 percent of the total CEX weekly activity. TOP CENTRALIZED EXCHANGES BY WEEKLY TRADING VOLUME #Binance #Upbit #GateIo #MEXC #Bitget #OKX #Bybit #HTX #Coinbase pic.twitter.com/vAreYrmoRO — PHOENIX – Crypto News & Analytics (@pnxgrp) April 21, 2025 Binance maintains its exclusive position through $11.42 billion daily trading volume while controling nearly 27% of the market through weekly trading volume reaching $53.4 billion. The tremendous dominance of…
Renta Network has reportedly collaborated with SFT Protocol, building decentralized and real-world applications on the blockchain technology. This partnership aims to introduce a robust and decentralized infrastructure along with the groundbreaking on-chain rental systems. This powerful move will create a strategic alliance to address the need for data storage, content delivery, computation, and their Web3 necessity. 🤝 Partnership: Renta Network x SFT Protocol 🌐We’re joining forces with @SFTProtocol — the first fully decentralized Physical Infrastructure Network (DePIN DAO), building a “Chain of Chains” and redefining data storage and delivery in Web3.Why It Matters:🔗 We’re building… pic.twitter.com/rb7RJpu9V1 — Renta Network (@RentaNetwork)…
Ethereum co-founder Vitalik Buterin suggested replacing the EVM with RISC-V to provide potential efficiency gains of 100%. Adam Cochran argued that swapping the EVM for RISC-V could affect Ethereum’s L2-centric roadmap. ETH could tackle the upper boundary of a key descending channel if it smashes the $1,688 resistance. Ethereum (ETH) is down 1% on Monday following a proposal by co-founder Vitalik Buterin to replace its current Ethereum Virtual Machine (EVM) smart contract language environment with a more “efficient” RISC-V. Vitalik Buterin proposes changing the EVM to RISC-V In a Sunday post on the Ethereum Magicians forum, Vitalik Buterin proposed an…
After years of risky investments, investors are now shifting some money toward safe-haven investments. They are pouring cash into gold, ultra-short Treasury ETFs, and low-volatility stocks at the fastest pace since March 2023. They are acting amid growing concern that a global trade war represents a lasting threat to economic and earnings growth. Data compiled by Bloomberg Intelligence show these three groups saw about $18 billion in total inflows so far in April, with roughly two‑thirds flowing into cash‑like funds. The SPDR Bloomberg 1‑3 Month T‑Bill ETF (BIL) attracted $8 billion this month, followed by the iShares Short Treasury Bond…
Bitcoin’s (BTC) recent range play resolved bullishly early Monday, shifting focus to $90,000, which had previously been a strong support level. Bitcoin’s price soared beyond $87,000, breaking out of a weeklong consolidation range of $83,000 to $86,000. The bulls’ renewed readiness to lead the price movement suggests that a major recovery of Bitcoin might be underway. Bitcoin is once again inching closer to the $90k mark📈Cost‑basis clusters show little overhead supply below that range, implying the market could advance quickly before a larger tranche of holders reaches break‑even and begins taking profit pic.twitter.com/lUTXYty1AQ — IntoTheBlock (@intotheblock) April 21, 2025 According…