Author: NBTC
Bitcoin has achieved a 1.3 trillion dollar market cap and boasts hundreds of millions of users, but it is still met by some with skepticism, fear, and even disdain. Detractors label it a tool for criminals or speculative gamble with no real future in the global financial system. Even today, remnants of that narrative persist among those who serve as a mouthpiece for big banks and deny its transformative potential. However, over the past 15 years, bitcoin has transitioned from being primarily a grassroots movement among individuals to gaining rapid adoption within institutional finance. Bitcoin’s early detractors were not unjustified.…
Lorenzo Protocol has partnered with Cetus Protocol, a liquidity protocol and decentralized exchange on the Sui Network. The strategic partnership will see Lorenzo Protocol integrate its stBTC token on the Sui network through Cetus Protocol. The collaboration aims to bolster Bitcoin liquidity on the Sui Network by encouraging buying, holding, and use of stBTC. Lorenzo Protocol announced the mutual agreement on the X platform today November 26, 2024. Bring Bitcoin access to the Sui ecosystem The partnership will enable BTC holders on the Sui network to stake Bitcoin and mint stBTC, Lorenzo’s liquid Bitcoin staking token. The partnership aims to…
This is a segment from the Forward Guidance newsletter. To read full editions, subscribe. As more investors seem to be seeking exposure to the crypto asset class (particularly after Trump’s election win), stocks are one way to get involved. Let’s check in on that ecosystem. Starting with MicroStrategy, Benchmark’s Mark Palmer on Nov. 18 raised his price target for MSTR shares from $300 to $450. He’s revising that again, according to a Monday note — this time to $650. This comes after MicroStrategy last week completed a $3 billion offering of convertible senior notes. It then revealed in a Monday…
Many experts believe that Donald Trump will positively impact the crypto market more than Kamala Harris. However, the impact on the meme coin segment remains a matter of debate. According to Columbia Business School professor Omid Malekan, Trump’s success in the election could negatively impact the meme coin sector. To further ingratiate myself with Solana fans, here’s an argument of why a Trump win and/or Republican sweep (which Polymarket has at 50%) is bearish memecoins.i) Memecoins themselves are a form of economic populism. They are a statement against the unfair ( and often grifty)… — Omid Malekan 🧙🏽♂️ (@malekanoms) October…
In 2024, crypto cards are fast becoming key to crypto adoption. Offered by many centralized exchanges (CEXs), the latest product of note comes from Gate.io, a CEX with over 10 million global customers. Gate Card promises to turn your crypto into a swipe-and-go solution for everyday purchases, balancing convenience with flexibility. Here’s everything you need to know. In this guide: What is Gate Card? And how it connects to Gate.io Key features of Gate Card How to use Gate Card Features in the pipeline Crypto cards: A gateway to convenience Frequently asked questions What is Gate Card? And how it…
Bitcoin remains a secure, decentralized store of value but faces sustainability challenges due to its energy-intensive PoW model. Ethereum’s smart contracts and PoS model lead DeFi and dApps, but second-layer solutions are crucial for scalability and efficiency. Ripple’s XRP ledger excels in real-time cross-border payments, gaining institutional adoption through ETFs and regulatory compliance. The crypto market’s explosive potential continues to captivate investors, with key coins poised to deliver transformative gains by 2025. From Bitcoin’s unparalleled security to Ethereum’s DeFi dominance, these digital assets are reshaping finance. Ripple’s innovative cross-border solutions, meme coin sensations like Dogecoin and Shiba Inu, and next-gen…
In a notable transaction, an XRP whale moved a whopping 100 million XRP tokens. This movement sparked speculations on the transaction’s potential impact on Ripple’s native token price. Meanwhile, analysts continued to be optimistic on XRP price’s upcoming trajectory. XRP Whale Makes Big Move According to Whale Alert data, an XRP whale transferred 100 million tokens, valued at approximately $51.6 million, was transferred between unknown wallets. Since the movement was made between two wallets, the impact on the market is unknown. If the whale sold his holdings off the market, it wouldn’t have any impact. However, if the transaction was…
OKX has announced that it has expanded its USDC trading zone to support the growth of the USDC ecosystem and meet the diverse trading needs of its users. OKX to Add New USDC Trading Pairs on November 28 On November 28, 2024, between 20:00 and 21:00, the following USDC trading pairs will be launched on the platform: ARTY/USDC SPURS/USDC BIGTIME/USDC RSR/USDC ZEUS/USDC SCR/USDC KAIA/USDC MORPHO/USDC USD Coin (USDC) is a stable cryptocurrency pegged to the US dollar and operates on Ethereum, Stellar, Algorand, Solana, Tron and Hedera Hashgarph systems. USD Coin is managed by a consortium called Centre, which was…
Bitcoin could reach six figures sooner than expected, driven by surging institutional flows into exchange-traded funds (ETFs), economic instability, and the U.S. presidential election, according to the chief investment officer of asset management firm Bitwise. The executive highlights factors like growing GOP support for cryptocurrencies and inflation concerns pushing investors toward BTC. With regulatory clarity and supply constraints from the bitcoin halving, he predicts a rapid surge is imminent. Bitwise CIO Predicts Bitcoin’s Ascent Amid Market Shifts Matt Hougan, chief investment officer of asset management firm Bitwise, shared an updated outlook on bitcoin Friday on social media platform X, highlighting…
Magic Eden may want users to claim a token called TestME Tuesday using its digital wallet—but the NFT marketplace is encouraging degens to sit this one out. That’s because the TestME token, as the name implies, is intended to be a trial run and precursor to the Magic Eden Foundation’s governance token. That token, rebranded as ME earlier this year, has yet to be assigned a specific release date. The Magic Eden Foundation will release the bare-bones token on Tuesday as a way for its associated NFT marketplace to flex its technical muscles. Though the company is encouraging users to…