Author: NBTC
Tether CEO Paolo Ardoino dismissed concerns about stablecoin competition. Tether CEO Paolo Ardoino has dismissed concerns about competition in the stablecoin market, emphasizing Tether’s (USDT) decade-long growth and extensive distribution network. Tether is currently facing regulatory challenges in Europe due to the European Union’s Markets in Crypto-Assets regulations, leading exchanges like Crypto.com and Kraken to delist USDT in the region. Additionally, Tether’s market value has declined to a two-year low amid these new regulations, raising concerns about its future stability. You might also like: Bitcoin allocation plan could push Czech Republic ahead of UK, Germany: Bitget CEO ‘So no, I’m…
Trader flips $570K loss into $755K profit trading AIOS tokens in two days. 11.49M AIOS tokens surge from $1.19M to $1.95M, delivering huge profits. Lookonchain reveals patience helped trader profit despite initial massive unrealized loss. Have you ever wondered how fortunes can change overnight in the crypto world? A daring Crypto trader just flipped a massive $570K loss into a staggering $755K profit, through trading AIOS tokens. Here’s what actually happen? Turning Loss Into Profit According to Lookonchain, a blockchain analytics platform that highlighted this move, the trader initially bought 11.49 million AIOS tokens for 6,357 SOL, which was worth…
Brazil’s national instant payment platform Pix is set to introduce an automated recurring payment feature later this year, and experts say it could unlock $30 billion in the e-commerce sector. Known as Pix Automatico, the new feature launches in mid-June 2025. It allows the 150 million Pix users to debit their accounts for recurring bills, which include monthly payments for services such as streaming and utilities. Currently, such recurring payments can only be conducted through bank debits or third-party fintech services in Brazil. EBANX, a regional fintech firm in Latin America, says Pix Automatico will be a game-changer for the…
Bitcoin (BTC) funding rates, i.e., the fees of crypto derivatives exchanges required to keep the balance between spot and futures prices, are shrinking. This might be a disturbing signal for Bitcoin (BTC) bulls, the CryptoQuant community author says. Bitcoin funding rates declined significantly: What does this mean? As Bitcoin (BTC), the largest cryptocurrency, was brutally rejected over $100,000, its derivatives market started showing signs of exhausted demand. Exchange funding rates for BTCUSDT contracts face significant decline, CryptoQuant’s community analyst @ShayanBTC said in his latest QuickTake post. Bitcoin Funding Rates Highlight Weak Derivatives Demand“The current state of Funding Rates aligns with…
Crypto investment magnate Barry Silbert is betting big on decentralized AI, calling it “the next big era of crypto” that could be bigger than even bitcoin. In a letter to shareholders of his crypto conglomerate Digital Currency Group, Silbert went long on deAI: the crypto industry’s effort to fuse AI innovations with blockchain tech. He believes the tech mashup may pay better dividends for humanity than the closed-off systems being developed by OpenAI and other giants. “We’re moving from the digital ownership of assets to the decentralized ownership of intelligence and the availability of vast decentralized compute resources,” Siblert wrote…
South Korea’s leading cryptocurrency exchange Bithumb is listing Berachain (BERA) in its Korean Won market, as the project’s mainnet launches today. Bithumb Lists Berachain ($BERA) According to the announcement, Berachain trading on Bithumb will begin at 10:00 PM on February 6, 2025. Deposits and withdrawals will also start two hours earlier at 8:00 PM. The exchange will only support transactions through the Berachain network, meaning deposits from other networks will not be accepted. The base price and the required number of deposit confirmations have yet to be determined. 🚀 베라(#BERA) 원화 마켓 추가 안내New Listing : $BERA will be added…
Bitcoin and the broader crypto market are experiencing a sharp decline, with BTC hitting lows of $94,550 today. This follows Bitcoin’s brief return to the six-figure price range earlier this month, reaching $102,720 just yesterday. The dramatic bearish turn has prompted analysts to explore on-chain indicators to identify potential triggers. Shayan, a verified author at the analytics platform CryptoQuant, has pointed to a decline in Bitcoin funding rates within the derivatives market as a critical factor. Funding rates reflect the demand for Bitcoin derivatives and play a major role in sustaining price trends. A strong rally is typically accompanied by…
This is a segment from the Forward Guidance newsletter. To read full editions, subscribe. It wasn’t exactly surprising to hear speakers at yesterday’s Ondo Summit in Manhattan opine on crypto regulation/legislation. But beyond the post-election optimism we’ve heard plenty of, there was clear recognition of the ample work to do. Former Congress member Patrick McHenry called Paul Atkins a “great choice for SEC chair.” But finalizing confirmations like his can be a months-long process, McHenry noted. Hence the potential “purgatorial state” of the SEC, if you recall from last week’s Forward Guidance. Another months-long process: the “arduous” journey to draft…
Public burn tracker Shibburn has revealed that another large SHIB stash has been transferred to a “virtual furnace” over the past day. The burn rate, respectively, has shown a four-digit rise. Burn rate soars by 2,221% According to Shibburn, during the past day, the SHIB community kicked a substantial amount of meme coins to unspendable blockchain addresses – 21,000,740 SHIB which resulted in the overall daily burn rate showing a 2,221% spike. So far, there have been seven transfers to dead-end wallets. The largest ones, correspondingly, carried 18,973,108 SHIB and 1,000,000 SHIB nine and eleven hours ago. HOURLY SHIB UPDATE$SHIB…
Crypto derivatives exchange Deribit is closing its operations in Russia to conform to European Union sanctions, according to Russian media. However, some Russians living abroad will still have access to its services. Russian users were warned of the coming changes on Feb. 5 through a post on Deribit’s website that read: “Due to EU sanctions against Russia, Deribit is no longer able to accept Russian nationals and Russian residents as its clients, unless an exception applies. Since Deribit’s parent company is Dutch, these EU sanctions are relevant to us.” The statement explained that affected users would be limited to “reduce-only”…