Author: NBTC
Thanks to numerous factors, cryptocurrency regained some legitimacy in 2024 following the calamities of the ‘crypto winter.’ These include the industry’s massive lobbying expenditure, approval of investment vehicles such as spot Bitcoin (BTC) exchange-traded funds (ETFs), and the anticipated crypto-friendly nature of the incoming Trump administration. Under such circumstances, it is hardly surprising that many U.S. politicians – generally known as savvy and prolific traders – have started engaging with the sector. Since the start of 2024, there has been no shortage of filings showing Congresspeople buying meme coins, as well as more established coins and tokens such as Bitcoin…
Elon Musk, the SpaceX and Tesla CEO, made an indirect reference to Pepe (PEPE) on Tuesday morning DEC 10. The mention made the meme coin price move positively. Following the reference, the asset surged 2.3% after the social media tag. The crypto currently has a market cap of $10.67 billion and its trading volume rose by 78.34% over yesterday. In Tuesday’s post, Musk mentioned PEPE, and so far, the tweet received 517.8k views at the time of writing. The post shows Elon Musk’s explosive influence on the crypto market. Demented nightmare fuel 🤣🤣 pic.twitter.com/di2K5FZpDK — Elon Musk (@elonmusk) December 10,…
As the end of 2024 approaches in Turkey, where regulatory efforts regarding cryptocurrencies continue, a new change has been made. While this regulation was published in the official gazette today, new obligations were imposed on cryptocurrency exchanges. Accordingly, exchanges will now have to constantly monitor their transactions and customers. In addition, controls on cryptocurrency transfers have been increased and exchanges have been required to verify their identities for transactions of 15 thousand TL and above. Accordingly, comprehensive identity verification has been made mandatory for cryptocurrency transfers exceeding 15 thousand TL. In this context, the sender will have to present their…
The daily realized profits of Bitcoin have dropped 42%, signaling reduced profit-taking amid market consolidation Bitcoin has experienced notable volatility over the past week, fluctuating between $92,000 and $98,000. After peaking at $99,400, it faced strong resistance and has since traded in a narrow range. Currently priced at $95,782, Bitcoin has increased 1.93% in the last 24 hours and 1.57% over the past week. Reduced Profit-Taking Activity In light of these fluctuations, Glassnode, an on-chain analytics firm, suggests that Bitcoin’s market dynamics have shifted into consolidation. The data reveals a significant decline in daily realized profits, which have dropped by…
Aave and Lido have collectively surpassed $70 billion in net deposits for the first time in history, according to Token Terminal. Aave leads the way with $34.3 billion, slightly ahead of Lido Finance at $33.4 billion. The two protocols together account for 75.25% of the $89.52 billion allocated to the top five decentralized apps, the highest ever in December 2024. The two projects together account for 45.5% of the total funds allocated among the top 20 DeFi apps, accounting for $67.42 billion of the $148 billion in total net deposits in the sector. LDO leads the way in total value…
MicroStrategy (MSTR) is about to make short sellers wish they had stayed in cash. This software company turned Bitcoin whale looks posied to be a problem for the bears betting against it. With over 444,000 bitcoins in its arsenal right now, MicroStrategy owns more Bitcoin than any other corporation in the world. President-elect Donald Trump’s pro-crypto policies are fueling a meteoric rise for the industry. He is expected to flip the script on regulation and set up a strategic national Bitcoin reserve. But what’s really about to light up is MicroStrategy, just as it joins the Nasdaq-100. This will force…
Thailand is considering a potential Bitcoin pilot project, proposed by former premier Thaksin Shinawatra, to be tested in Phuket as a tourism-focused sandbox. The proposal has received support from the Binance Thailand CEO, who sees it as a positive step for the country’s competitiveness and ability to attract tech-savvy visitors. However, despite efforts from industry advocates and some political proponents to turn the Kingdom into a digital hub, crypto payments remain outlawed in Thailand by the central bank. Thailand Warming to Crypto? The proposal “reflects not only the momentum of global crypto adoption but also demonstrates that leaders at the…
There’s a lot of Bitcoin holders lining up to cash in on the huge gains BTC saw last month. That kind of selling pressure could cause some turbulence in markets, according to BRN analyst Valentin Fournier. “The Bitcoin spot sell wall currently exceeds 4,000 BTC and shows no signs of diminishing, as Bitcoin’s price remains relatively stagnant this week,” he wrote in a note shared with Decrypt. “This sell wall serves as a key indicator of the selling pressure that needs to be overcome for Bitcoin to break through the six-figure mark.” At the time of writing, Bitcoin’s price has…
The DeFi landscape evolved in the past few years, with a shifting balance of the most widely used chains. A trend has formed where Ethereum (ETH) is still the leader in nominal value locked, but has a smaller share of the DeFi market as a whole. The DeFi market is shifting, as Ethereum (ETH) was joined by several other chains with successful financial apps. At the end of 2023, the influence of Ethereum over the entire DeFi sector was at 72.2%. Total value locked (TVL) in DeFi was at $109B, still affected by the bear market. In the past 12…
Coinbase’s CEO unveils a bold plan to end failed lobbying, channeling tech money into pro-innovation candidates and rallying millions to reshape Washington’s future. Coinbase Ends Decade of Failed Policy – Armstrong Reveals the Bold New Plan Brian Armstrong, CEO of crypto exchange Coinbase (Nasdaq: COIN), has emerged as a prominent advocate for reshaping how the tech industry engages with Washington D.C. “Tech will continue to have lots of influence in DC as long as we keep supporting candidates who are pro-tech and pro-business, regardless of which party they are in,” Armstrong remarked in a post on social media platform X…