Author: NBTC
Acurx Pharmaceuticals announced plans to allocate up to $1 million worth of Bitcoin for its treasury reserves in a strategic move to embrace BTC as a store of value. The decision approved today by the company’s board of directors aligns with a growing trend among companies seeking alternative financial strategies amid Bitcoin’s rise as a mainstream asset. Acurx CEO David P. Luci highlighted the appeal of Bitcoin as a treasury reserve asset in his statement: “As demand for Bitcoin grows and Bitcoin becomes accepted as a major and primary asset class, we believe Bitcoin will serve as a strong treasury…
Talk about a Friday night surprise. President-elect Donald Trump’s social media accounts shared what appears to be an official Solana meme coin called TRUMP, just three days before he’s set to be sworn in for his second term in the White House. Degen traders bought in immediately, generating hundreds of millions of dollars’ worth of trading volume as on-chain sleuths and security experts hunted for red flags. But with Trump’s X and Truth Social posts still live after more than an hour, and some initial red flags cleared upon closer inspection, it appears that this is a legitimate Trump meme…
Cardano (ADA), ranked the ninth largest cryptocurrency by market capitalization, has announced the release of Lace 1.17.5. This serves as a transformation to the Cardano light wallet. The release of this latest version of the crypto wallet for the Cardano blockchain has significant implications for the ecosystem. Community-centric innovation Notably, the update focuses on improving syncing speeds and transaction data fetching capabilities. This will make the Cardano light wallet more efficient and user-friendly. Additionally, the enhancements to the wallet aim to provide a smoother experience, particularly for users who interact with complex blockchain data. 🚀 Lace 1.17.5 is live! 🚀We’re…
A sharp $BTC trader has leveraged the recent market rally getting millions in gains. As per Lookonchain, a prominent on-chain crypto analytics platform, the trader obtained $6.85M with re-entry in the market amid Bitcoin’s spike to its new all-time high. The analytics provider disclosed the details of this incident on social media. This guy chased the rally to buy $BTC and made another profit of $6.85M!From Nov 6 to 8, he sold 619 $WBTC($46.44M) at $75,029 and made $8.85M!But he sold it too early, and $BTC quickly broke through $80,000.So he bought 562 $WBTC($45.46M) back at $80,895 and sold 562……
Ethereum (ETH) has captured the spotlight once again, currently trading at $3,346.08 after a 4% surge in the past 24 hours. For nearly 10 months, the cryptocurrency has remained within a consolidation range, reflecting market indecision. However, its ability to hold steady amid fluctuations has reignited interest among investors eager to determine its next move. As the world’s second-largest cryptocurrency shows renewed momentum, AI models set ambitious price targets for 2025, projecting significant growth fueled by a mix of market dynamics and Ethereum’s multifaceted ecosystem. ChatGPT sets Ethereum price for 2025 To assess Ethereum’s future potential, Finbold analyzed market data…
The Sui Network (SUI) will unlock over $200 million in tokens this Sunday, December 1, as part of its schedule. This will be Sui’s largest cliff unlock (in nominal value) to date, creating significant supply inflation and dilution, affecting investors. Every month, on day one, Sui unlocks 64.19 million tokens from vested contracts, distributed to five pre-defined categories. Finbold gathered data from Tokenomist on November 27, looking at details for the previous and upcoming events. Private Series A and B investors receive the most, getting over 19 million SUI each, for 61% of the total. Mysten Labs gets the remaining…
The U.S. Securities and Exchange Commission has formally filed an appeal in its legal battle with Ripple Labs, challenging a July 2023 ruling that partially dismissed claims against the company. Filed late Wednesday, the appeal focuses on whether Ripple’s XRP sales to retail investors qualify as unregistered securities transactions under federal law. Citing the Howey Test, the SEC argues that Ripple’s promotional efforts created an expectation of profits among investors, making XRP an investment contract. Ripple and the SEC did not immediately respond to Decrypt’s request for comment. While the regulator already filed its appeal in mid-October 2024, following the…
Operators of the world’s largest bitcoin (BTC) mining pools are quietly discussing a problem with BTC payouts. Despite mining BTC, securing BTC, and earning 100% of their revenue in BTC, pool operators are occasionally finding the currency itself to be cumbersome for paying their own workers. Although all major BTC mining pools pay for work in BTC currently, a few are warming up to the idea of an altcoin as a superior payment method. For months, developers and pool managers have engaged in deep discussions on technical forums like Delving Bitcoin around electronic cash (“ecash”) token alternatives to mining pool…
Ethereum (ETH) recently faced a correction that prevented it from breaching the $3,711 barrier, pulling the altcoin king below $3,200. This 15% decline has triggered reduced activity among ETH investors, a positive sign that could support Ethereum’s recovery. Ethereum Investors To Hold Back On Selling Observing Ethereum’s active addresses by profitability indicates that the concentration of investors in profit has dropped significantly, from 33% to 14%. This decrease is encouraging, as holders in profit are typically more prone to selling, which can pressure the price. When the concentration of profitable investors falls below 25%, the impact of profit-booking on Ethereum’s…
GOAT Network, a Bitcoin layer-2 scaling project, announced on Wednesday that users will soon be able to stake Dogecoin (DOGE) to support the security of its upcoming network, offering crypto rewards in return. Users will be able to accrue rewards in the form of Bitcoin, which is used to pay transaction fees on GOAT Network, as well as GOAT Network’s planned token, the project’s Core Contributor and Metis co-founder Kevin Liu told Decrypt in an interview. “To secure the network, we need some tokens to be staked,” Liu said. “Bitcoin is a natural selection, but our model supports multiple assets.”…