Author: NBTC
New research by 10X Research has revealed the massive benefits on offer to users of a US Dollar-denominated stablecoin being launched within the Filecoin ecosystem. Filecoin is among the most rapidly-growing platforms in Web3, and there is a massive amount of untapped value on the decentralised file storage network waiting to be unlocked. Between high-level support from a number of foundations and an ever-growing list of ecosystem partners, the importance of a publicly open, peer-built lending market and a liquid source of on-chain Dollars is becoming apparent with each passing day, especially as the data stored on the protocol increasingly…
Bitcoin price started a fresh decline below the $90,000 support. BTC must stay above the $86,000 zone to avoid more losses in the near term. Bitcoin started a fresh decline from the $95,500 zone. The price is trading below $90,000 and the 100 hourly Simple moving average. There is a short-term triangle forming with resistance at $89,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another decline if it fails to stay above the $90,000 zone. Bitcoin Price Dips Sharply Bitcoin price failed to stay above the $95,500 level and started a…
Ethereum recently failed to breach the $2,500 resistance, leading to a pullback. The altcoin king has since fallen, now trading at $2,354. Despite the decline, ETH shows signs of a gradual recovery. A key shift in investor behavior, particularly among whale addresses, may provide the support needed for an uptrend. Ethereum Selling Stops Whale addresses, holding between 10,000 to 100,000 ETH, had been selling aggressively. Over the past week, they offloaded 640,000 ETH worth $1.5 billion, contributing to Ethereum’s struggle near $2,500. However, selling pressure has eased, signaling a shift in sentiment. In the last 24 hours, whales have paused…
This is a segment from the Forward Guidance newsletter. To read full editions, subscribe. The Fed’s favorite inflation gauge inched down just slightly in January, but we remain a ways off from its 2% target. Decreased consumer spending and sharp income growth complicate the central bank’s mandate, and throw a wrench in the works for those hoping it would be a quarter of economic expansion. Here’s a rundown of the latest personal consumer expenditures print and what it means for interest rates, markets and economic growth. The PCE index rose 2.5% annually in January, down from 2.6% in December. Core…
Jupiter has officially begun its first JUP token buyback, with on-chain data confirming that 4.88 million JUP worth $3.33 million have already been repurchased. The Feb. 26 buyback was reported on X by popular on-chain analyst AI姨, who flagged Jupiter’s (JUP) Litterbox address used for all buyback transactions. The buyback is the first step in Jupiter’s larger strategy to repurchase JUP tokens with 50% of protocol fees. https://twitter.com/ai_9684xtpa/status/1894587658359509255?s=46&t=nznXkss3debX8JIhNzHmzw The buyback initiative, which was unveiled on Feb. 13, intends to reduce the number of tokens in circulation by locking repurchased tokens for three years and generating consistent buying pressure. The cryptocurrency…
Bitcoin (BTC) drops below $89K amid Bybit hack, ETF outflows, and market uncertainty. Trump’s tariffs on Canada and Mexico add pressure to global markets. Bitcoin (BTC) fell to $86,008.23 before recovering slightly. It is now trading at $88,763.49, down 0.15% in the last 24 hours. The market cap stands at $1.76 trillion, with a 24-hour trading volume of $81.23 billion, pushing the market cap ratio to 4.75%. BTC is facing immediate resistance at $90,000, with stronger resistance near $92,500. On the downside, support sits at $86,000, with a critical level at $84,500. A break below $84,500 could send BTC toward…
DeFi projects have become important platforms in the Ethereum ecosystem in various ways. Their continued crucial role in Ether token burning has remained visible. These decentralized platforms not only drive greater DeFi adoption but also are active avenues for the ETH fee-burning mechanism. Today, data reported by Phoenix Group highlighted the top 10 DeFi projects that contributed to significant amounts of Ether fees burning over the past month. TOP #ETHEREUM BURNER #DEFI PROJECTS IN THE LAST MONTH#Metamask #Uniswap $UNI #Gnosis $GNO #1INCH #Aave $AAVE #Pendle #0xProtocol $ZRX #KyberSwap $LINK #Paraswap pic.twitter.com/qhbVSAfHg2 — PHOENIX – Crypto News & Analytics (@pnxgrp) March…
South Korean investors, known for their bold approach to high-risk trading, are now facing the consequences of their speculative bets on Tesla-linked leveraged products. As Tesla Inc.’s stock has plummeted, so too have the fortunes of many retail investors in South Korea, who placed their bets on exchange-traded products (ETPs) designed to amplify gains. Tesla, which had become a beloved stock among South Korean investors, has seen its value decrease significantly in recent months. This has affected thousands of retail investors who were banking on ETPs that mirror Tesla’s daily price movements—particularly the Leverage Shares 3x Tesla product. According to…
Spot Bitcoin (BTC) and Ethereum (ETH) ETFs, seen as a turning point for the cryptocurrency industry in 2024, have been approved. This approval enabled ETF applications for altcoins such as XRP, Solana (SOL), Litecoin (LTC), Dogecoin (DOGE), and Cardano (ADA). As the cryptocurrency community eagerly awaits the green light for altcoin ETFs, top analysts expect them to be most likely approved. However, one analyst said that altcoin ETFs will not live up to expectations. Katalin Tischhauser, Head of Research at Sygnum Bank, stated that altcoin ETF approvals are inevitable, but they may not attract much interest among investors and will…
The total market cap of the 14 publicly-listed U.S. miners that Wall Street bank JPMorgan (JPM) tracks dropped 22% in February as the bitcoin (BTC) price declined and mining economics came under pressure. Bitcoin miners with high performance computing (HPC) exposure fell following the DeepSeek artificial intelligence (AI) announcement, and due to concerns about demand for data center capacity in the near-term, the bank noted. Revenue and profitability fell last month. The bank estimated that bitcoin miners earned $54,300 per EH/s on average in daily block reward revenue in February, a 5% decline from the month previous. “Daily block reward…