Author: NBTC

The Bitcoin slump to the $63,000 region may be largely fueled by macroeconomic uncertainties and increased outflows from Grayscale’s GBTC. The price of Bitcoin has dropped by 7% in the past 24 hours, raising concerns among participants that the market has reached its short-term top. While that thesis remains up for speculation, some factors contributing to the downtrend have come to limelight. Three Reasons Why Bitcoin Is Falling The downturn in Bitcoin’s price is largely attributable to an overdue market correction, given that the leading cryptocurrency has almost gone from $39,000 to $73,000 without any widely significant retracement. Beyond that…

We do the research, you get the alpha! Get exclusive reports and access to key insights on airdrops, NFTs, and more! Subscribe now to Alpha Reports and up your game! Decrypt’s Art, Fashion, and Entertainment Hub. Barely a week after its massive debut airdrop, cross-chain protocol Wormhole’s native W token has tumbled off a cliff—plummeting over 50% in value. At writing, the price of W has fallen to $0.82. That’s down a stark 50.6% since the token launched last week at $1.66. Most of that value has been shed steadily over the last week. W is down only 4.5% in…

FLOKI surpasses major cryptos, claiming 11th spot in global trading. The memecoin achieves $2.44 billion daily volume, and is listed on more global exchanges. Floki DAO’s vote for a significant token burn will carry forward very soon. In a remarkable feat, FLOKI has overtaken prominent cryptos in trading volume on leading exchanges such as Bithumb, BTCTurk, and Paribu. The memecoin has outperformed BTC, ETH, DOGE, SHIB, PEPE, BONK, and WIF, securing its position as the 11th most-traded crypto globally. FLOKI IS NOW THE 11TH MOST-TRADED CRYPTOCURRENCY IN THE WORLD#Floki just hit $2.44 BILLION in 24 hours daily trading volume, an…

U.S. Rep. Patrick McHenry (R-N.C.) is sticking to his guns that Congress can produce a stablecoin regulation law before he retires at the end of the year, despite a volatile political climate and the failure of the full U.S. House to vote on a bill his House Financial Services Committee passed previously. “I think we can get our stablecoin policy set through and signed into law,” McHenry said Tuesday at a Bitcoin Policy Institute event in Washington. “That will be the first sign that there is hope and that there is bipartisanship when it comes to this world of digital…

BV Bank, a Brazilian bank leader in vehicle loans, is running a pilot that uses tokenization to manage vehicle financing and sales operations. The first phase of the tests involves automating consumer-to-consumer vehicle sales processes, including the delivery of tokenized money in exchange for the ownership of the vehicle. Brazilian BV Bank Pilots Tokenization Model for Car Sales Last week, BV Bank, a Brazilian leader in car loans, announced it was testing a tokenized system to automate its car sale and financing processes. The test carried out jointly with Consensys and Parfin, providers and designers of the platform’s smart contracts,…

Bitcoin’s (BTC) latest performance indicators have sparked considerable attention from both investors and analysts alike. Amid a surprising downturn, renowned crypto analyst Willy Woo has taken to social media to share insights that could signal a bold new direction for the digital currency. According to Woo, the current surge in Bitcoin’s Macro Index may not only suggest a recovery on the horizon but could potentially herald a unique “double pump” cycle, reminiscent of the patterns observed in 2013. Woo’s prediction came amid a tumultuous time for Bitcoin, following a recent crash that saw the cryptocurrency’s value take a significant hit.…

MarginFi’s longtime leader, Edgar Pavlovsky, resigned Wednesday following an internal dispute at the protocol’s builder, mrgn. The abrupt exit won’t impact MarginFi’s borrow-and-lend functions, but it did spur $100 million in capital flight. Edgar Pavlovsky, the CEO of the company building crypto borrow-and-lend platform MarginFi resigned Wednesday as internal fissures at the major Solana DeFi project erupted into public view. “I don’t agree with the way things have been done internally or externally,” Pavlovsky said in a Mrgn resignation notice on X, formerly Twitter. Mrgn’s own account called the departure of its co-founder “a function of internal operational disagreements and…

Whale Alert has brought to light the move of an influential Shiba Inu investor who has recently taken steps to capitalize on recent gains from SHIB. In a recent tweet, prominent crypto surveillance service Whale Alert documented the movement of billion units of Shiba Inu tokens to a renowned market maker. Specifically, Whale Alert disclosed that 299,960,261,700 SHIB tokens were moved from an unnamed destination to Wintermute, a well-known liquidity provider in the crypto scene. At the time of the disclosure, transferred tokens held a monetary value of $10,662,837. 🚨 299,960,261,700 #SHIB (10,662,837 USD) transferred from unknown wallet to #Wintermutehttps://t.co/YuoWgZwJwn…

Sen. Cynthia Lummis, a Republican, sees crypto as a likely topic coming up in Senate races that are vital to the future leadership of the Senate Banking Committee. She asked crypto enthusiasts to attend public forums in the elections and make sure the candidates have to answer questions about their positions on digital assets. U.S. Senator Cynthia Lummis (R-Wyo.) said that the high-stakes Ohio election that could decide both the Senate majority and the leadership of the Senate Banking Committee is likely to dig into cryptocurrency issues, and she encouraged industry insiders to make sure it does. Crypto skeptic Sen.…

BounceBit, a key player in the blockchain industry, has announced exciting partnership with another giant, Polyhedra Network. Polyhedra is an emerging, zero-knowledge infrastructure platform redefining Web3 interoperability and scalability through state-of-the-art zero-knowledge proof protocols. In addition to this, BouncingBit aims to improve Bitcoin interoperability with the BounceBit ecosystem. Excited to announce our partnership with @PolyhedraZK 🤝BounceBit will integrate zkBridge and its Bitcoin Messaging & Token Swap protocol to accelerate liquidity growth. Users benefit from trustless bridging of assets to & from BounceBit.More details➡️https://t.co/dSIwSQhXQ0 pic.twitter.com/pN5yCG8qLl — BounceBit (@bounce_bit) April 9, 2024 Polyhedra Network’s zkBridge Integration Enhances BounceBit’s Layer 1 Chain This…