Author: NBTC
According to one expert, bitcoin currently needs to trade above $55,000 for miners to break even and $94,000 for them to return to profitability levels seen before the halving. To compensate for the revenue loss caused by the halving of Bitcoin’s block reward, miners are resorting to mergers or hostile takeover of rivals. Others have discovered they can generate extra revenue by staking bitcoins or plugging into decentralized physical infrastructure networks. Bitcoin Miners Incur Huge Losses As many commentators predicted, the Bitcoin halving, which slashed the block reward from 6.25 BTC to 3.125 BTC, has negatively impacted the financial performance…
Solana has jumped 4% over the past 24 hours as the market sees an upturn following the failed assassination attempt on former president Donald Trump. Alongside the news, which many are saying bolsters his bid for the presidency, the Solana meme coins have skyrocketed and are outperforming the network’s native token by a wide margin. Popular meme coin Billy (BILLY) has soared 44% over the past day, extending its lead as the largest Pump.fun created token by market capitalization. At the time of writing, it sits at a market cap of $168 million, while Michi (MICHI) in second place trails…
Representative Ro Khanna to lead an online meeting on digital asset policy with White House officials and crypto executives. Key participants include National Economic Council Director Lael Brainard and White House Deputy Chief of Staff Bruce Reed. The event follows a July meeting with industry leaders like Mark Cuban and Senator Kirsten Gillibrand, marking engagement on crypto. Top White House officials and leaders in the cryptocurrency are expected to be in a virtual meeting aimed at digital asset policy. The event, organized by Representative Ro Khanna, a known Democrat from California, is ready for Monday and aims to bring together…
In a wild ride of high-stakes gambling and cryptocurrency, rap icon Drake has found himself on the wrong side of a seven-figure Bitcoin betting spree. The Canadian superstar, known for his love of sports betting, has now lost over $1 million in Bitcoin (BTC) after two ill-fated wagers on the NBA Finals and Stanley Cup Finals. Earlier this month, Decrypt reported that Drake had lost a cool half a million in Bitcoin on the Dallas Mavericks to take the NBA title. The Mavs were ultimately defeated by the Boston Celtics in a five-game series that left Drake’s digital wallet a…
On Monday, investors poured millions of dollars into U.S. spot Ethereum exchange-traded funds, even as a volatile global market wobbled on widespread sell-offs and recession fears. The Dow Jones Industrial Average tumbled by 2.6%, the S&P 500 by 3%, and the Nasdaq Composite by 3.43, marking the indices’ worst day since September 2022. Those declines were driven primarily by disappointing U.S. jobs data and shrinking manufacturing activity, which heightened recession fears. Japan’s Nikkei 225 index also plummeted by over 12%, its largest single-day drop since 1987 following the Bank of Japan’s unexpected decision to raise interest rates last month. Despite…
The price of $PENDLE saw a rebound of about 15% today. After this price rebound, a notable withdrawal of token occurred involving a large investor. A few hours ago, this whale withdrew 851,298 $PENDLE tokens from Binance. The worth of these tokens is approximately $3.73 million. Pendle belongs to the real-world assets (RWA) category. The $PENDLE price rebounded by ~15% today!30 minutes ago, a whale withdrew 851,298 $PENDLE ($3.73M) from #Binance again after 6 months of inactivity with the token.Currently, this whale holds 1.703M $PENDLE ($7.51M) and has an unrealized profit of $2.76M (+58.2%)!Follow… pic.twitter.com/0M0uxyC9Zw — Spot On Chain (@spotonchain)…
Congressman Ro Khanna is set to host a key meeting in Washington on Monday, aiming to bridge gaps between crypto industry leaders and the Democratic establishment, including Vice President Kamala Harris’ campaign team, FOX Business journalist Eleanor Terrett recently reported. “Congressman Ro Khanna is hosting another meeting in Washington on Monday for crypto industry leaders, Democratic politicians, and reps from the Kamala Harris campaign. Move represents renewed push from pro-crypto Dems to establish a fresh start with the industry,” said Terrett in a post on X. National Economic Council chief Lael Brainard and former Biden aide Anita Dunn, now advising…
Key Takeaways: Crypto staking is a way for investors to earn additional income on your crypto: like earning interest in a savings account or money market fund. Staking has seen substantial growth, with over $700 billion staked by investors as of this writing. Like choosing a bank or brokerage firm for traditional investments, selecting a reliable and trusted crypto staking platform is vital. Staking rewards (and risks) vary significantly across different platforms and crypto assets. We love staking, because it’s an easy way to make your crypto investments work for you. Like earning interest in a traditional savings account, staking…
The ongoing sell-off in the crypto ecosystem might be taking a breather as the price of Bitcoin (BTC) has finally formed support at the $61,100 mark. At the time of writing, the combined crypto market cap is down 0.55% to $2.56 trillion, and Bitcoin has pared off its losses. It is down by 1.83% to $61,113.37, according to data from CoinMarketCap. Unusual trading volume impact Over the trailing seven-day period, the price of Bitcoin has slipped by more than 7% in what marks one of its worst weekly performances this month. However, on-chain data pegs the trading volume at $42…
After experiencing the worst crash in 2024 during the past 48 hours, the crypto market – led by Bitcoin (BTC) and Ethereum (ETH) rebounded significantly today. According to the latest crypto data, the total crypto market cap rallied around 5 percent to regain above $2 trillion on Tuesday during the early Asian session. Ethereum price rebounded from a crucial support level of around $2,171 and rallied more than 10 percent to reach a daily high of about $2,547. Following the heightened crypto volatility, approximately $633 million had been liquidated from the industry in the past 24 hours. Ethereum Whales Seizes…