Author: NBTC

Major financial institutions have been raising their gold price forecasts as the precious metal’s price benefits from growing trade war fears and central banks’ accumulations. This week, strategists at both Citi and UBS issued increased gold price forecasts, anticipating the precious metal’s bull run will continue as markets are pressured by geopolitical tensions and economic uncertainties. Gold-backed cryptocurrencies have been benefiting from this trend, with tokens like PAXG and XAUT seeing performance in line with that of the precious metal. These tokens, backed by physical gold stored in vaults, have been outperforming the wider cryptocurrency market amid the uncertainty. Citi…

As the market volatility intensifies, Shiba Inu lead developer Shytoshi Kusama has voiced his opposition to the popular call to “sell everything.” X user “The Don Landoni” sparked the conversation when he proclaimed that the crypto market is doomed. “We are all going to die,” he tweeted, urging stakeholders to “sell everything” while they still can. This sentiment came at a time when Bitcoin’s price had slumped to $91,220 on Thursday evening. Notably, the drop followed three consecutive days of declines, during which Bitcoin lost 11.18% of its value. Bitcoin’s dip significantly impacted the broader crypto market, particularly the meme…

The Pi Network’s native token is set to list on OKX starting from Feb. 20, however users have raised concerns regarding potential trading risks. In a recent announcement, the crypto exchange OKX declared that it will be adding PI to its platform’s spot trading markets. Users can start depositing PI as early as Feb. 12 at 2:45 UTC. Spot trading will officially begin on Feb. 20 at 8:00 UTC, while withdrawals for PI will start on Feb. 21 at 8:00 UTC. The Pi Network is a platform that enables users to mine Pi coins using a mobile app. The project’s…

Bitcoin’s (BTC) price is back in the six-digit territory as the largest cryptocurrency extended its early 2025 bounce on Monday. BTC advanced towards $100,000 earlier during the trading session, then broke sharply above the threshold, rising 2.5% in an hour as traditional U.S. markets opened. It was changing hands at around $102,000 recently, its strongest level since December 19 and up 4.3% over the past 24 hours. The broad-market benchmark CoinDesk 20 was up 3.5% during the same period, with all the twenty crypto majors posting positive returns. Ethereum’s ether (ETH) climbed 2.8% to $3,700, while Solana’s SOL advanced 4.5%…

Devansh Mehta, a well-known expert in the blockchain technology, has joined Ethereum Foundation as announced on X today. Mehta will be working on a new project that combines Artificial Intelligence (AI) with Ethereum blockchain. Devansh Mehta announces joining Ethereum Foundation on X Devansh Mehta’s Previous Work Devansh Mehta has worked for Gitcoin and Arbitrum for the past two years. His prominent work include contributing to Gitcoin’s quadratic funding protocol and grant funding mechanisms, and helping design Arbitrum’s layer 2 scaling solution and optimistic rollup protocol. Mehta’s Primary Objectives With this move, Mehta’s goal would be to make Ethereum’s ecosystem more…

Key Takeaways Klarna plans to integrate cryptocurrency services into its platform. Klarna CEO is seeking community input on how best to implement crypto features. Klarna, the Swedish buy-now-pay-later fintech giant, is setting its sights on crypto integration, CEO and co-founder Sebastian Siemiatkowski said Saturday “Ok. I give up. Klarna and me will embrace crypto! More to come,” he wrote on X. “Yes I know! This post will get a huge sigh and 2 views. But it still feels historic.” Siemiatkowski playfully admitted that Klarna was among the last major fintech players to enter the crypto space. “Someone had to be…

Solana’s ecosystem has experienced a significant surge in the supply of liquid staking tokens, with their total market cap reaching $7.5 billion, according to on-chain data. Data from Dune showed that the total market cap of liquid staking tokens on Solana (SOL) spiked above $7.5 billion on Jan. 10. This growth came as leading LSTs — including Jito staked SOL, Binance staked SOL, and Marinade staked SOL — saw notable increases over the past week. Among these, jitoSOL continues to lead with a 37.6% market share, bringing its total market cap to over $2.8 billion at the time of writing.…

Crypto.com, a popular cryptocurrency exchange, has achieved a great milestone by obtaining the Markets in Crypto-Assets Regulation approval from the European Union. The company made the announcement on its X platform and with this approval the exchange can now cater its services to all European Economic Area (EEA). This step positions Crypto.com as one of the leading player in the digital asset space. Crypto.com obtains MiCA certificate Crypto.com Strengthening European Market Presence Crypto.com is a Singapore-based company that has gained popularity globally with over 50 million users and has been expanding its footprint across the globe. The company already has…

Calamos is launching a Bitcoin ETF with 100% downside protection named CBOJ in January. The ETF combines Treasury bonds and Bitcoin options to mitigate investment risks. CBOJ offers annual protection resets and caps potential gains for risk management. Calamos Investments is set to launch a groundbreaking Bitcoin exchange-traded fund (ETF) offering 100% downside protection. Scheduled to debut on the Chicago Board Options Exchange (CBOE) on January 22, the new ETF, named CBOJ, is designed to address Bitcoin’s volatility while providing growth opportunities, according to a company announcement. Calamos’ Structured Protection ETF series CBOJ builds upon the success of Calamos’ Structured…

Leveraged short position contracts for Ethereum have reached insane levels, sparking the possibility that the asset may rebound to release the saturation. Since the start of the year, Ethereum has been one of the worst-performing high-caliber cryptocurrencies. For context, the second-largest crypto asset by market cap has corrected a staggering 20% year-to-date, compared to BNB’s 14% downside and XRP’s 18% uptick. Ethereum failed to sustain the intense upward price action seen when it rebounded 35% in one day on Monday amid macroeconomic factors. The asset closed the week with an 8% correction, posting its second consecutive weekly negative trend. Meanwhile,…