Author: NBTC
The popular crypto analyst PlanB believes Bitcoin (BTC) may not see a market correction until after breaking into the six-figure range due to one key metric. The pseudonymous trader tells his 2 million followers on the social media platform X that Bitcoin holders appear to be selling ahead of a possible $100,000 price target. According to the analyst, the Bitcoin profit-taking may actually mean a significant dip at the six-figure target will not occur. “Who sells Bitcoin now? Easy: sellers are profit-takers. On average November sellers sold at more than 60% profit (red) with a cost price of $55,000. I…
ETH is in the news as blockchain analysts saw a newly registered wallet making a withdrawal of 2,884 ETH which is equivalent to $9.57 million from Binance, today on January 16, 2025. The substantial outflow occurs shortly after the publication of the latest consumer price index (CPI) report, indicating rotation in the crypto market towards accumulation. Another newly created wallet withdrew 2,884 $ETH($9.57M) from #Binance 30 mins ago.https://t.co/ZQIzpIO1SChttps://t.co/HKuBcemhy6 pic.twitter.com/2MakMwwGgX — Lookonchain (@lookonchain) January 16, 2025 The wallet received two big transactions previously: the initial 0.1 ETH deposit and the 2,884 ETH withdrawal, both from Binance. ETH Value Rises as CPI…
This is a segment from the Empire newsletter. To read full editions, subscribe. The crypto credit market hasn’t quite recovered since 2022, when we saw the downfall of most of the major players. Honestly, perhaps that’s been for the best given how much damage was done. But it’s not an area of crypto that we can expect to stay dormant, especially if crypto’s truly set for another golden year (or even four). Clearly, a lot of changes will have to take place. And there’ll have to be far more transparency. Data platform Accountable, which operates in the undercollaterized crypto credit…
Arbitrum Foundation has introduced a $1 million grants program aimed at boosting artificial intelligence innovation on the Arbitrum network. The Trailblazer AI Grant is an initiative that will offer grant support for builders looking to bring innovative AI projects to Arbitrum (ARB). Developers and creators who built dedicated AI agents on the Ethereum layer-2 scaling solution will receive grants targeted at impactful AI products, the Arbitrum Foundation noted in a blog post on Nov. 27. Arbitrum continues to see increased adoption as the platform for AI tech stack, with projects such as Allora Network, ARC Agents, Eternal AI, Hyperbolic and…
Ron Hammond from the Blockchain Association shared some thoughts on the future of the SEC under the leadership of Paul Atkins. In an interview with Tony Edwards of Thinking Crypto, when asked if the SEC might drop some non-fraud cases, like the ongoing Ripple lawsuit, Hammond expressed optimism. He believes there could be a push to settle cases like Ripple’s quickly, allowing the industry to move forward. However, he said that it’s still unclear exactly how Atkins will handle the current litigation. Still, there’s hope that the new leadership will speed up settlements and resolve cases that have been lingering…
Bitcoin (BTC) mining stocks tracked by JPMorgan have enjoyed a strong start to the year, with 12 of the 14 companies outperforming the world’s largest cryptocurrency in the first two weeks, the Wall Street bank said in a research report Thursday. The network hashrate has risen 2% month-to-date to an average of 793 exahashes per second (EH/s) and is 51% higher than a year ago, the report said. The hashrate refers to the total combined computational power used to mine and process transactions on a proof-of-work blockchain and is a proxy for competition in the industry and mining difficulty. The…
“Trump trade” fuels a 35% Bitcoin surge following pro-crypto government optimism. There’s a talk that Trump Media Plans to Buy cryptocurrency trading platform Bakkt. Speculations about crypto-friendly SEC leadership boost market confidence in Bitcoin. Pioneer cryptocurrency bitcoin price has just hit a new all-time high, reaching an impressive $97,858. This is a major milestone for the world’s most popular cryptocurrency, bringing its market value close to $2 trillion. The rally has been particularly strong in the two weeks following Donald Trump’s victory in the U.S. presidential election, and many are calling it the “Trump trade” because of the positive effect…
Ethereum (ETH), the world’s second-largest cryptocurrency by market cap, seems to be struggling after yesterday’s 8.80% gain. Today, January 17, 2025, ETH has retraced nearly 5% of yesterday’s gains, dropping from $3,450 to the $3,260 level. ETH’s Current Price Momentum Currently, ETH is trading near $3,331 and has experienced a price decline of over 3.15% in the past 24 hours. During the same period, trading activity increased moderately, resulting in a 5.5% increase in trading volume. Crypto Whale Buys $9.5 Million Worth of ETH In the current market conditions, some whales seem to be accumulating ETH and taking advantage of…
13 January 2025 – Tether and its subsidiaries are about to complete all formalities to relocate to El Salvador, following the successful acquisition of a Digital Asset Service Provider (DASP) license and as a stablecoin issuer, marking a step in Tether’s journey to foster global Bitcoin adoption. This strengthens Tether’s position in one of the world’s most forward-thinking markets and fosters the development and implementation of cutting-edge solutions more efficiently in a dynamic environment where innovation thrives. It underscores the company’s dedication to leveraging Bitcoin’s transformative potential as it drives growth in emerging markets. El Salvador is rapidly establishing itself…
Aethir is stepping up to fuel innovation as AI innovation is gaining momentum. It offers exclusive compute resources and comprehensive support for AI builders. Aither aims to provide cutting-edge GPU technology and a $100 million Aethir Ecosystem Fund. It further seeks to empower developers in creating the next generation of AI agents and applications. This initiative is designed to provide the tools and financial backing. Both are necessary to accelerate progress in AI development. 📣 Aethir to provide exclusive compute resources and support to the AI buildersJoin the AI revolution! 🌍 Our GPUs are here to help build the next…