Author: NBTC

This is a segment from The Drop newsletter. To read full editions, subscribe. As most of you probably know by now, Doodles — the rainbow-barfing Ethereum NFT collection of 10,000 PFPs of the 2021 NFT boom — is launching a token on Solana. Response so far has been pretty mixed. A lot of Crypto Twitter loves a token, especially one from an established brand, but there’s also been some criticism. First, there’s the token allocation. As one poster has pointed out, the Doodles team may receive up to 57% of the DOOD tokens, once you combine the parts of the…

Amid the Solana memecoin LIBRA controversy, Ethereum (ETH) has experienced a rally with a 3.37% spike with an impressive rise in TVL as a lot of users are migrating to Ethereum. Lookonchain data shows that a large amount of capital is shifting toward Ethereum. In the last 7 days, stablecoins like USDC and USDT holdings on Ethereum surged by $1.1 billion. On the flip side, around $772 million fund has taken departure from Solana. The migration started after the launch of the LIBRA memecoin which raised questions on the credibility of the Solana blockchain. The controversy sparked a massive drop…

Crypto outflows totaled $415 million last week, marking a sharp reversal from a streak of net positive flows since the beginning of the year. This downturn is largely attributed to Federal Reserve Chair Jerome Powell’s recent hawkish remarks and higher-than-expected US inflation data. Bitcoin Succumbs As Crypto Outflows Hit $415 Million The latest CoinShares report indicates that crypto outflows amounted to $430 million last week. Bitcoin (BTC), known for its sensitivity to interest rate expectations, bore the brunt of the investor retreat, indicating a broader risk-off sentiment in the crypto market. Crypto Outflows Reach $415 Million Last Week. Source: CoinShares…

The cryptocurrency market continues to witness vigorous activity in Artificial Intelligence-focused projects. Therefore, according to data from LunarCrush, a list of the top AI ecosystem currencies ranked on their social activities has highlighted considerable attention. Some distinctive points on the list include social media posts, user interactions, and social media dominance. ⚡️ TOP AI Ecosystem Coins by Social Activity$TAO $FET $RENDER $NEAR $AIXBT $QUBIC #VIRTUAL $PHA $PAAL $IO pic.twitter.com/ZXgeKL7vC2 — 🇺🇦 CryptoDep #StandWithUkraine 🇺🇦 (@Crypto_Dep) January 4, 2025 Social Engagement Metrics Show Dominance of $TAO, $FET, and $RENDER $TAO, $FET, and $RENDER are at the forefront of social activity, thus…

In a latest development, Elon Musk’s DOGE has announced audit into the SEC for fraud, abuse and waste. The cryptocurrency community is closely watching this development, particularly as the SEC’s lawsuit against Ripple is nearing its conclusion. The DOGE_SEC account has urged the public to share information about the SEC’s actions. “DOGE is seeking help from the public! Please DM this account with insights on finding and fixing waste, fraud, and abuse,” the account posted. DOGE is seeking help from the public! Please DM this account with insights on finding and fixing waste, fraud and abuse relating to the Securities…

Analysts and investors have largely pronounced NFTs dead, with the market plunging to a three-year low in January. But NFT holders and creators aren’t ready to consign them to the graveyard just yet. That much was clear as crypto entrepreneurs, degens, and investors alike paraded around NFT Paris 2025 last week. Image: NFT Paris The two-day conference, which bills itself as Europe’s largest Web3 fair, brought an estimated 20,000 attendees to La Grande Villette, an imposing fortress-like structure at the edge of Paris’ sprawling La Villette park. The former slaughterhouse was a fitting stomping ground for a celebration of an…

On-chain data analytics platform Growthepie has revealed that the Ethereum Layer 1 blockchain has accumulated over $1.67 billion in gas fees from DeFi, accounting for over 30% of all the fees accumulated from all DeFi ecosystems. Base, ZKsync Era, and Arbitrum One are the chains taking the 2nd, 3rd, and 4th place after Ethereum, having accumulated $39.53 million, $37.69 million, and $34.60 million in DeFi fees, respectively. The data also indicated that Ethereum Layer 1 is still leading in weekly DeFi fees, accumulating a little over $1 million. Base and Arbitrum One are the 2nd and 3rd chains in weekly…

Argentina’s stock market took a sharp nosedive Monday morning after the country’s president was hit with fraud charges for promoting a meme coin late Friday. The S&P Merval dropped by over 5% when markets opened in Buenos Aires Monday, data from Yahoo shows. The index, which tracks the biggest companies in the South American country, has since rebounded slightly but is still trading 3% lower than when it closed Friday. Argentina’s markets have been thrown into chaos after President Javier Milei on Friday pointed his followers on X (formerly Twitter) to a Solana-based token called LIBRA. The president had said…

This is a segment from the Forward Guidance newsletter. To read full editions, subscribe. President Trump released a fresh batch of cabinet nominations late last week and among them are two names familiar to the crypto industry: Brian Quintenz and Jonathan Gould. Quintenz is being tapped to run the CFTC and Gould is Trump’s pick for comptroller of the currency. Neither nomination hearing has been scheduled yet. Quintenz served under Trump as a CFTC commissioner from 2017 to 2021. Most recently he’s been the policy lead at a16z crypto. Republican Commissioner Caroline Pham, also seen as a crypto advocate, has…

Ethereum ascending triangle ignites bullish pump sentiments. The crypto market faces dark rug pull phase and ETH ignites hope. New ETH ATH could lead to altseason peak phase soon. The crypto space is going through a rocky phase at the moment, degens are memecoin holders are feeling the volatile nature of the crypto market. This paired with the latest LIBRA and MELANIA rug pulls have put the crypto community in a state of fury and FUD. Despite this seasoned analysts remain calm and hold onto hope for a glorious altseason. Ethereum Ascending Triangle Formation #AltcoinsEvery Altseason starts with $ETH starting…