Author: NBTC

Bitwise, the leading cryptocurrency index fund manager, has predicted that the price of Bitcoin, the bellwether cryptocurrency, could potentially reach $200,000 in 2025. At the same time, Ethereum, the largest alternative cryptocurrency, has been predicted to surge to $7,000. Institutional investments, corporate adoption, and friendly regulations have been cited as the key potential tailwinds for the cryptocurrency industry in 2025. Other positive catalysts include wirehouse approvals, increasing layer-2 scaling, and various macro factors such as the US Federal Reserve’s rate cuts. The firm is also very optimistic about Bitcoin ETFs, predicting that they might attract more inflows next year than…

Early Bitcoin adopter Jeremie Davinci has taken to his account on the X social media giant (formerly known as Twitter) to share his take on what he believes meme coins, including flagships Dogecoin and Shiba Inu, can reach in this market cycle in terms of market capitalization value. He made quite a bold prediction that is likely to make meme coin investors happy. The early Bitcoin millionaire stated that during the last market cycle, leading meme coin DOGE managed to soar to a $88.8 billion market cap value, while the second largest meme digital currency, Shiba Inu’s, market cap skyrocketed…

Coinbase is projected to be the world’s most valuable brokerage, surpassing $7 trillion asset manager Charles Schwab, which is supported by several key factors. Bitcoin spot exchange-traded fund (ETF) issuer Bitwise is projecting that Coinbase shares (COIN) in the U.S. stock market will double to $700 next year, which now only traded about $302. These bullish projections also came with a vision that this exchange will rise as the world’s most valuable brokerage, exceeding Charles Schwab by next year. “Our prediction: Coinbase stock will trade above $700 per share in 2025 (more than doubling today’s price). That would make them…

The crypto market has witnessed a noteworthy surge in social media activity. As per the statistics from the market intelligence company Santiment, the discussions around purchasing crypto are reportedly reaching the peak point in the month. 📊 The following illustrates the level of interest in buying crypto (in blue) vs. selling crypto (in red) across social media over the past month. With Bitcoin’s retrace to about $94.7K earlier, watch to see if retail shows FOMO at these cheaper levels. 👇https://t.co/BwsGe1Hwq5 pic.twitter.com/eFksH8APUu — Santiment (@santimentfeed) December 10, 2024 Interest in Purchasing Crypto Jumps to a Monthly Peak After Bitcoin’s Retracement to…

The Jasper proto-testnet introduces Zilliqa 2.0’s Proof-of-Stake for faster transactions and enhanced validator rewards. Zilliqa 2.0 aims to provide a scalable blockchain network, making Web3 as easy to use as the internet. Officially gone live, the Jasper proto-testnet for Zilliqa 2.0 marks a significant turning point in the evolution of Zilliqa’s next-generation blockchain system. This first phase presents the new Proof-of-Stake (PoS) consensus method, meant to enable ultra-fast transactions with pleasing incentives for validators. Aiming at building a highly scalable and efficient blockchain network, the official release from Zilliqa indicates that the proto-testnet is the first main point on their…

Global cryptocurrency exchange OKX has announced the launch of OKSOL, a Solana liquid staking token, on December 11, 2024. OKX Launches New Solana Liquid Staking Token OKSOL This move aims to increase asset utilization while providing staking rewards to users. OKSOL’s Basic Features Dual Functionality Staking Rewards: Users who stake SOL on OKX receive OKSOL at a 1:1 ratio, enjoy staking and MEV (Maximum Extractable Value) rewards while maintaining liquidity. Asset Usage: OKSOL can be bought and sold, used as collateral or redeemed, providing flexibility for participants. Stability and Security Designed with asset security as a priority, OKSOL reduces the…

A Bloomberg editorial published recently has condemned the recent U.S. government’s plan to create a strategic Bitcoin reserve calling it a probable major scam in the cryptocurrency market. The editorial also notes that it is unclear what aims the initiative serves and that it entails certain fiscal risks for taxpayers. The editorial notes that while conventional strategic reserves involve stocking up on products such as oil to feed the economy and protect the country’s interests, a Bitcoin reserve lacks such a purpose. Bitcoin has been called a speculative asset with no industrial use or connection to the real economy. Its…

Sheila Bair’s experience helps Ripple meet important regulatory standards. RLUSD will use both XRP Ledger and Ethereum for cross-border payments. Ripple seeks to offer a secure and trusted alternative in the stabilisation space. Ripple has recently appointed Sheila Bair, the former Chair of the Federal Deposit Insurance Corporation, to its consulting panel. This decision comes as the organisation prepares to introduce XRP, a coin pegged to the United States dollar. Bair’s governance skills are expected to improve the firm’s compliance efforts as it enters a rivalry market. Bair’s Regulatory Background Sheila previously led the FDIC from 2006 to 2011 and…

Leading global cryptocurrency exchange Binance has announced the delisting of three spot trading pairs as part of its regular market quality review. Binance to Delisting Select Spot Trading Pairs on December 13, 2024 Delisting aims to protect users and ensure a high-quality trading environment. Trading Pairs to be Removed Effective December 13, 2024, 06:00, Binance will suspend trading on the following pairs: DCR/BTC PEPE/TUSD ZEN/ETH Impact on Users Token Availability: The delisting of these trading pairs will not affect the availability of the corresponding tokens. Users can continue to trade the underlying assets via other available trading pairs on Binance.…

BlackRock’s Bitcoin ETF (IBIT) now has more assets under management (AUM) than all 50+ regional ETFs in the European market combined. Some of these products have existed for 20 years, highlighting IBIT’s unprecedented rise. Bitcoin ETFs have been enjoying record-high inflows in the past month, and BlackRock is comfortably leading the cohort. BlackRock’s IBIT: A Historic Success This surprising stat was revealed earlier today by ETF analyst Todd Sohn, and his analysis centered on the viability of these regional ETFs and their comparison to the runaway success of Bitcoin products. “IBIT already has as much in assets as the 50…