Author: NBTC
After overtaking silver and Saudi Aramco – once a strong contender for the world’s biggest company – in terms of its market capitalization in late 2024 and experiencing a powerful rally in mid-January, Bitcoin (BTC) appears poised for a march toward new and unprecedented highs. Still, despite many estimating that such a development is inevitable, BTC has a long way to go before turning the world’s biggest cryptocurrency into the world’s biggest asset. Specifically, Bitcoin would have to see its valuation rise above that of gold, meaning it would have to grow above a staggering $18.444 trillion. If the coin’s…
Hyperliquid noted new all-time highs across three protocol metrics as on-chain users tapped the DEX to trade Trump meme coins. Decentralized exchange and layer-1 blockchain Hyperliquid recorded all-time highs in 24-hour volume, open interest, and daily protocol revenue amid Donald Trump-driven crypto market volatility. The platform achieved $21 billion in daily trading volume, surpassing all previous records. Hyperliquid’s open interest peaked on Jan. 20 at $4.7 billion, while 24-hour on-chain revenue reached $9.5 million. Generating nearly $10 million in daily fees, Hyperliquid ranked fourth among the top five highest revenue-generating protocols. Despite being a newer entrant, the platform was not…
Are blockchains and AI agents a match made in heaven? A new protocol called Metropolis hopes to perfect that hybrid by using AI agents to cheaply and easily create small, purpose-built, interconnected blockchains called “chainlets” that, in turn, provide ideal environments for AI agents to interact and create a profusion of new services. The project, which launches in the spring, was put together by layer-one blockchain developer Saga in collaboration with AI-powered DAO ai16z, AI agent developers Virtuals, and AI-focused omni-chain developer Wayfinder. “Metropolis is specifically designed for AI agents,” Saga CEO Rebecca Liao told Decrypt, adding that it “is…
The price of bitcoin (BTC) has risen to a new record high, surpassing $109,000. Markets for cryptocurrencies are showing signs of increasing optimism as this surge coincides with Donald Trump’s inauguration as the 47th president of the United States. Institutional demand and optimistic sentiment have been boosted by the pro-crypto stance of the Trump administration. Newly launched cryptocurrencies like the Solana-based TRUMP memecoin are attracting attention from investors. After Trump promoted it on his social media accounts, the value of this token skyrocketed to $70 and holders crossed 850k globally. Its market cap momentarily put it in the top 10…
Hong Kong’s central bank recently launched a new initiative to support local banks as they launch blockchain products, with tokenization as one of the key focus areas. Elsewhere, one of El Salvador’s leading financial service providers has launched a new platform to issue tokenized assets as the Central American nation pushes its pro-digital asset agenda. Hong Kong’s blockchain incubator The Hong Kong Monetary Authority (HKMA) described the new incubator as a “new supervisory arrangement” that will allow local banks to “maximize the potential benefits of DLT adoption by effectively managing the associated risks.” Officially known as the Supervisory Incubator for…
Bitcoin’s price stability hinges on a crucial support zone between $96,475 and $99,574, according to on-chain data. This range represents a significant area of interest for the cryptocurrency, as 1.87 million addresses collectively acquired 1.79 million BTC within this price bracket. The activity highlights the psychological and technical importance of this support level in determining Bitcoin’s short-term and long-term trajectory. The most important support level for #Bitcoin is between $96,475 and $99,574, where 1.87 million addresses bought 1.79 million $BTC! pic.twitter.com/oDBK56uidx — Ali (@ali_charts) January 18, 2025 According to Crypto analyst Ali Martinez,On-chain metrics reveal that the $96,475 to $99,574…
Prominent financial analyst Gary Cardone recently noted that the “XRP army is getting louder,” pointing to the increasing enthusiasm within the XRP community. This comes as XRP continues to break past 2021 levels, trading above $1.50 at the time of writing. XRP has surged more than 190% in the last three weeks, sparking renewed interest in the crypto market, especially as it had previously been an underperformer. Cardone also mentioned rising speculation that SWIFT, the global financial messaging network, is in talks to acquire or partner with XRP. This development, he suggests, is fueling the growing excitement among XRP enthusiasts.…
Orbiter Finance, a cross-chain protocol based on Ethereum, has announced its support for Donald Trump’s inauguration speech through a notable sponsorship. This initiative comes on the heels of the protocol’s Token Generation Event (TGE) and the release of its governance token, OBT. Orbiter has committed to further backing Trump’s initiatives with ongoing contributions throughout his presidency. 🇺🇸 Just In: $OBT to sponsor President-elect Donald Trump’s inauguration. Txid: https://t.co/XcE07M0J9V Paid by Maker Address, cross-chain through Orbiter Omni-chain Interoperability protocol.The donations to Trump’s office will continue throughout Trump’s presidency. pic.twitter.com/KnB99HHmQG — Orbiter Finance 🛸 (@Orbiter_Finance) January 20, 2025 On January 20, 2025,…
Ethereum Layer 2 scaling solutions may soon hit their limits in efficiently scaling the mainnet, warns Gautham Santhosh, co-founder of Polynomial.fi. Layer 2 solutions are protocols or networks built on top of a layer-1 networks to improve its scalability and reduce transaction costs by processing transactions off-chain and then periodically settling the results on the main chain. More and more users have embraced these protocols for faster and more affordable transactions late last year. That’s evident from the spike in the number of blobs or binary large objects posted by hundreds of L2s to Ethereum. Since November, the daily tally…
Bitcoin has risen to $105,000, just before Donald Trump is inaugurated for his second term on Monday. The BTC price dropped to around $90,000 earlier this month before reclaiming $100,000 on Thursday. Since then, the prices have continued to surge, hitting a high of $105,900 on Friday. Trump’s new meme token has stirred the Bitcoin and overall crypto community On Friday, Trump launched his new meme token, sending shockwaves through the world of Bitcoin and crypto. Crypto investor and Youtuber Anthony Pompliano even asked investors to “buckle up,” saying financial markets were not prepared for what was to come. At…