Author: NBTC

Bitcoin reached $99,000, nearing the $100K milestone with a 4.4% daily surge. President-elect Trump’s pro-crypto stance fuels market optimism. Bitcoin (BTC) reached a new milestone, breaking $99.3K for the first time, with a 24-hour increase of 4.4%. Its market cap climbed to $1.96 trillion, representing 59.2% of the global crypto market cap, which surged to $3.31 trillion. Trading volume also jumped by 31.25% in the past day, totaling $103 billion. The rally extends beyond Bitcoin. Ethereum (ETH) and Solana (SOL) surged by 9% and 12%, respectively, while XRP soared by 25%. Whales have been actively accumulating BTC, with one whale…

Blockchain analysis platform Santiment recently released its list of top decentralized finance (DeFi) projects by development activity. Chainlink (LINK) took the top spot, followed by Synthetix (SNX) and DeepBook Protocol on the Sui blockchain. In a post on X (formerly Twitter), Santiment listed the top DeFi protocols. Injective (INJ) and Radix (XRD) rounded out the top five. The rest of the top ten included Curve Finance (CRV), DeFiChain (DFI), Lido Finance (LDO), dYdX (DYDX), and Fox Crypto (FOX). Synthetix and Chainlink have led DeFi development this cycle. Chainlink recently partnered with Ripple to improve pricing for Ripple’s new stablecoin, RLUSD.…

United States President-elect Donald Trump is among the prominent global leaders with a substantial holding of cryptocurrencies, standing out as an influential player in the digital assets space. Notably, Trump has emerged as a darling of the sector despite initially objecting to the value of cryptocurrencies. As of January 12, his cryptocurrency portfolio featured over 50 different assets. Trump’s cryptocurrency holdings Indeed, Trump’s cryptocurrency collection is dominated by about 70% meme coins, mostly emanating from gifts, Ethereum (ETH) from NFT sales, and direct investments in Ethereum and Wrapped Ethereum, enhanced by his political and business projects. As of the latest…

This week, the cryptocurrency market is set for substantial activity, with a total of $574.8 million worth of tokens unlocking between December 2 and December 8, 2024. This large-scale unlocking event involves various projects, with notable increases in circulating supplies. As per Tokenomist data, Jito ($JTO) leads with a massive unlock worth $496.71 million, accounting for 103.32% of its circulating supply. Other key tokens include Neon EVM ($NEON), Cardano ($ADA), Taiko ($TAIKO), and Ethena ($ENA). These unlocks have the potential to impact market dynamics significantly, making this week a critical period for investors and analysts alike. 🔓 Weekly Cliff Unlocks…

The Trump administration has announced plans to form a Crypto Advisory Council comprised of approximately 24 CEOs and founders from leading blockchain and cryptocurrency firms. Trump Administration to Form Crypto Advisory Council with Industry Leaders The Council is designed to provide expert guidance on digital asset policy and assist Congress in drafting cryptocurrency legislation. Main Objectives of the Council Strategic Guidance: Members will collaborate with management to shape policies that foster innovation in the crypto space while ensuring regulatory clarity. Legislative Collaboration: The Council intends to work closely with Congress to craft comprehensive cryptocurrency legislation that addresses key issues such…

Bitcoin’s mining difficulty has edged up by 0.61%, rising from 109.78 trillion to 110.45 trillion. At the same time, the network’s hashrate remains relatively subdued, following a notable drop from its high of 824 exahash per second (EH/s) to the current 778 EH/s. Bitcoin’s Difficulty Increases, Hashrate Falters Since block height 878,976 was mined, the process of extracting bitcoin has grown marginally more challenging, as reflected in the 0.61% increase in the difficulty parameter. A difficulty level of 110.45 trillion indicates that the target for hashing computations is now 110.45 trillion times more complex than Bitcoin’s baseline difficulty, which was…

Bitcoin has shattered expectations once again, surging past the critical $93,257 level in a display of unstoppable momentum. This breakout has ignited fresh waves of bullish optimism across the crypto market, as traders and investors anticipate greater gains. With market sentiment shifting and key indicators aligning, could this be the spark for Bitcoin’s next major rally? As optimism steadily increases in the market, the goal is to take a closer look at BTC’s impressive breakout above the $93,257 mark, analyze the positive sentiment driving its climb, and assess the potential for continued upward strength in the market. Bullish Indicators: What’s…

Nansen claimed that its staking platform hit $1 billion in total value locked (TVL) in just four months. This represents a 1,500% increase from its initial TVL of $60 million, a truly impressive growth rate. This news comes from a press release exclusively shared with BeInCrypto. Nansen Sees Staking Success Nansen, one of the largest analytics firms that broke important blockchain-related stories, attributes this success to a recent acquisition. Last September, the firm purchased premier staking service provider StakeWithUs, which laid the foundations for this project: “We’re excited to have hit $1 billion in just 4 months since StakeWithUs joined…

2025 could be a big year for cryptocurrency exchange-traded funds (ETFs), according to Laser Digital, the digital asset subsidiary of financial services giant Nomura. More than twelve crypto ETFs could be launched in the U.S. this year, if approved by the Securities and Exchange Commission (SEC), Laser Digital said in a report last week. Asset managers have submitted 12 filings to the SEC to date, the report noted, and potential products include a ProShares ETF that denominates the S&P 500’s return in bitcoin, a combined bitcoin/ether ETF, and litecoin, XRP and Solana based products. Laser Digital said a bitcoin/ether ETF…

The latest blog post details Cardano’s Charles Hoskinson and Input | Output (IO) journey to make a real impact in Ethiopia using blockchain technology. According to the report, an education program was started to train fresh graduates to use Cardano to boost the agriculture sector. To impact the financial economy as well as the individuals’ lives in Africa, Input|Output (IO) has decided to build a new technology in Ethiopia after conducting a pilot program for IT students in Greece and Barbados. In a comprehensive blog post detailing this journey, it was highlighted that the Ethiopian government made an early move…