Author: NBTC
The cryptocurrency market is famous (or infamous) for its volatility, which can be very rewarding (or punitive) in trading activities. A crypto trader, for example, had a taste of both of the two worlds, going from $270,000 of unrealized losses up to a $4.5 million in unrealized gains – all within a day. This impressive comeback story was first reported by Lookonchain, in a post on X on January 23. The trade was with VINE, a recently launched Solana-based memecoin on pumpdotfun. On that note, pumpdotfun is a platform that became known in Solana (SOL) for hosting thousands of memecoin…
The Taiwan Financial Supervisory Commission (FSC) has revealed plans to propose a draft law on virtual asset service providers (VASPs) in June 2025. The draft will allow Taiwan banks to issue stablecoins for the first time. Although Taiwan’s authorities have not yet approved the stablecoins currently circulating in the market, the country still uses them because they are backed by U.S. dollar assets. All VASP providers are also required to follow the new VASP registration regulations, which took effect this year, and complete the registration process. FSC proposes a draft law on VASPs in June 🇹🇼TAIWAN TO PROPOSE VIRTUAL ASSET…
According to a CoinGecko report, in Q4 2024, the overall trading volume of the top 10 crypto centralized exchanges (CEX) surged, with eight of them recording triple-digit percentage growth. It was also found that the total trading volume for the top 10 exchanges in Q4 was $6.4 trillion, a 111.7% increase from the previous quarter. Binance Maintains Dominance as Top CEX, Despite Declining Market Share At the close of 2024, Binance remained the clear leader in the market, maintaining a dominant market share of 34.7%. The CoinGecko report showed that in December alone, the exchange recorded a substantial spot trading…
Fasanara Capital, a London-based investment manager, has launched its tokenized money market fund on Polygon. The asset manager, which boasts more than $4 billion in assets under management, announced that the new product, called the “Fasanara MMF Token,” or FAST, is now available on Polygon PoS (ex-MATIC). Fasanara partnered with Chainlink, Apex Group, Tokeny, and Fireblocks to launch FAST, according to an announcement on January 21. FAST combines the benefits of traditional money market funds with blockchain technology, with Polygon PoS playing a critical role in enabling scalability and real-time settlement. The launch is part of a larger trend of…
At press time, bitcoin’s market capitalization is $2.03 trillion, and its current price is cruising along at $102,536 to $102,739 in the last hour. Its 24-hour trading volume is $62.38 billion, and its intraday price has fluctuated between $97,532.25 and $102,629. Bitcoin Bitcoin‘s daily chart reveals a period of tight consolidation around the $102,000 mark, following a rebound from a low of $87,119 and a high of $108,364. The pattern of higher lows indicates a continuation of bullish momentum. Both exponential and simple moving averages (EMAs and SMAs) across all timeframes suggest favorable conditions for buying. Resistance remains firm at…
Ethereum (ETH) appears to have gained a new powerful supporter, as the Donald Trump-inspired World Liberty Financial project embarks on an accumulation spree. Over the past year, Ethereum’s (ETH) potential has come under question as it has continued to underperform other leading crypto assets by market cap. Amid the doldrums, a recent move by World Liberty Financial (WLFI), a decentralized finance platform inspired by U.S. President Donald Trump, now appears to be sparking new hope among investors. A Powerful Supporter? Many Ethereum proponents now believe that the asset has gained a powerful new supporter in none other than President Donald…
Injective unveils iAgent 2.0, integrating the Eliza framework for advanced AI-powered on-chain agent development and orchestration. iAgent 2.0 enables seamless multi-agent operations, cross-chain communication, and enhanced developer tools for building scalable AI solutions. Injective has announced the release of iAgent 2.0, a breakthrough update to the company’s first AI agent-based module. The update is meant to improve scalability, adaptability, and functionality, thereby improving the on-chain developer and user experience. Injective combines its financial infrastructure with the Eliza multi-agent framework to release synergistic possibilities never seen in the fast-expanding ecosystem of agentic infrastructure and DeFAI. 1/ Injective is unveiling iAgent 2.0…
While regulatory efforts regarding cryptocurrencies continue, new statements came from Treasury and Finance Minister Mehmet Şimşek. According to AA, the secondary regulation studies regarding cryptocurrency service providers carried out by the Capital Markets Board have come to an end. With the newly prepared drafts, new rules have been introduced for the establishment, activity and capital adequacy of cryptocurrency service providers. Within the scope of the drafts expected to be published shortly, cryptocurrencies listed on the platforms will not be able to be bought and sold with leverage, and will not be subject to derivative instrument contracts and margin trading, short…
Upbit NFT Expands Support for New Collectibles Including Azuki and Milady Maker Upbit, the trusted global digital asset exchange, has announced the addition of six new NFT collectibles to its NFT marketplace. These collectibles will be available for trading and transfers on the Ethereum network, further enriching the platform’s NFT offerings. Newly Supported NFT Collectibles The following NFT collectibles will be supported: Azuki (AZUKI) BEANZ Official (BEANZ) Azuki Elementals (ELEM) Azuki Elemental Beans (MBEAN) Milady Maker (MIL) Redacted Remilio Babies (TEST) Trading and transfer services for these collections are planned to be launched in January 2025. Highlights of the Collection…
Humanity Protocol has announced a strategic partnership with OKX Wallet. This collaboration is an important achievement that aims to advance decentralized identity solutions in the Web3 world. Humanity Protocol is a blockchain platform that focuses on verifying human identities while maintaining privacy. With its specialization, it helps to solve challenges associated with fake online identities and centralized data control. In the Web2 landscape, since dominant social networks like Twitter, Google, and Facebook have extensive reach and huge user bases, they normally play an important role in user verifications. However, their prominent positions have resulted in the centralization of important amounts…