Author: NBTC

10X Research speculates that Bitcoin (BTC) could record an average gain of 32% on or before the highly anticipated Bitcoin halving event. Bitcoin has shown a stellar performance in 2024, with a year-to-date (YTD) surge of 23.8%. The top asset also breached the $50,000 resistance for the first time since 2021. Bitcoin to Continue Its Rally While there is a likelihood that Bitcoin could experience a brief pullback in price at any moment, digital asset research company 10X Research speculates that the ongoing rally could continue. It bears mentioning that the upcoming halving is slated to go live on April…

Crypto analyst Miles Deutscher expects the 2024 decentralized finance Ponzi narratives won’t reoccur despite the rise of the restaking industry. He adds, however, that the EigenLayer airdrop, which is the largest drop In 2024, may cause the yield-hunting frenzy of previous DeFi Ponzi schemes. Aside from the restaking narrative, Deutscher is betting on artificial intelligence, BRC-20, real-world asset tokenization, gaming NFTs, and decentralized infrastructure projects as the most lucrative narratives to watch. EigenLayer Pulls $2B in Restaking Volume Deutscher said projects like EigenLayer encourage crypto staking on multiple blockchains, making staking coins more capital-efficient. The user can secure multiple blockchains…

Access Protocol’s native token ACS soared by over 50% within 24 hours after the project revealed new use cases for collateral non-fungible tokens (cNFTs). Access Protocol, a Solana-based protocol aiming to create a new way content creators can earn money, has introduced two new use cases for collateral non-fungible tokens in its latest version. The first improvement is that cNFTs can now be wrapped using Access Protocol’s native token ACS, enabling new possibilities for content distribution and monetization. Access v2 introduces two brand new use cases to NFTs1⃣ $ACS wrapped cNFTs 2⃣Reward bearing cNFTs This introduces a new level of…

Ethereum traders are spotting what might be a harbinger of stormy weather ahead. A technical analysis of the ETH chart reveals the potential formation of a double top pattern, a classic bearish reversal indicator that could send Ethereum’s price diving deep once more. The double top pattern is characterized by two consecutive peaks at approximately the same price level, separated by a moderate trough. This pattern suggests that the bullish momentum is waning, and the bears may be ready to take control. For Ethereum, the stakes are high as it approaches a critical resistance level set on Jan. 12. The…

CoinShares, Europe’s largest cryptocurrency investment firm, recorded approximately $42 million USD profit in Q4 2023. The firm highlighted “securitisation” of crypto and real-world asset tokenization in its long-term strategy. CoinShares Experience Profit, After Challenging 2022 In a recent report, CoinShares states that it has begun experiencing growth again after a challenging 2022. “We continued to execute our strategy and delivered combined revenue, gains and income of £33.3 million in Q4. Our focus on profitability has led to adjusted EBITDA of £25.7 million for the quarter, at a margin of 77%.” The firm further explained its intention to expand services across…

Bitcoin experienced a tumultuous day yesterday, with its price briefly touching $53,000 before plummeting to a low of $50,820. Amid this price volatility, an unexpected phenomenon caught the eye of market analysts: a dramatic surge in trading volumes for certain Bitcoin ETFs. Bloomberg’s Eric Balchunas provided a detailed account of this anomaly on X, particularly focusing on the VanEck Bitcoin ETF (HODL) and its astonishing increase in trading volume. He remarked, “HODL is going wild today with $258m in volume already, a 14x jump over its daily average, and it’s not one big investor… but rather 32,000 individual trades, which…

New data reveals that the largest Bitcoin (BTC) whales are snapping up billions of dollars worth of the top crypto asset by market cap in 2024. According to market intelligence platform Santiment, while digital wallets holding between 100 and 1,000 BTC have been selling the crypto king this year, wallets holding 1,000 to 10,000 BTC have been gobbling up Bitcoin at a rapid pace. “Independent from the impressive volume happening with Bitcoin ETFs (exchange-traded funds), there has been a distinct flip in the level of BTC’s supply being held by different sized wallets: 1,000-10,000 BTC wallets: $12.95 billion added in…

Hayden Adams’ token swap service Uniswap claims to be a decentralized finance (DeFi) protocol, where holders of its UNI governance token can cast controlling votes on upgrades and changes. However, as with most self-described DeFi protocols, Uniswap utilizes quite a few decentralization theatrics. For years, Uniswap boasted its open-sourcing efforts. The Ethereum Foundation even provided initial funding to Uniswap for its free and open source software (FOSS) initiatives. Nowadays, Uniswap enlists a team of brand protection workers to send cease and desist letters, threatening to sue users of its technologies. For example, one observer claims that its team mails legal…

Magic Eden has announced its partnership with Azuki. Not a lot of details have been shared, but it has been made public that Azuki will assist Magic Aden with the development of its ETH marketplace. One benefit of the partnership with Magic Eden is that it will become the preferred marketplace for Chiru Labs NFT collections. Magic Eden has further asked its community members to be careful while interacting with impersonators. Their ETH marketplace is not yet live. Links circulating on the Internet could be an attempt to drain the funds or resources of users. An announcement about the ETH…

Asset management executives anticipate a pivotal decision on the introduction of spot Ethereum Exchange-Traded Funds (ETFs) in the United States, with a consensus view that there’s a 50% likelihood of regulatory approval by May 2023. During a panel discussion on Feb. 13, leaders from Bitwise Asset Management, Galaxy Asset Management, and Grayscale shared insights into the prospects of Ethereum ETFs, marking a significant moment for cryptocurrency investment products. On the odds of an $ETH ETF this year: @Matt_Hougan: “I think it’s probable we will get an ETH ETF reasonably soon. I think there’s a 50/50 chance by May, but the…