Author: NBTC

With spot bitcoin ETFs having attracted over 192,000 BTC since their approval on January 11, Bitcoin is once more the talk of the crypto world. While the expected interest from institutional investors has had a predictable effect on the asset’s price, it’s also led to an uptick in the fortunes of native Bitcoin-based applications. Bitcoin’s Layer-2 ecosystem has long played second fiddle to Ethereum’s. In fact, as Ethereum’s L2 kingdom was growing in strength, there was no equivalent on Bitcoin to speak of. That has all changed with the emergence of a slew of auxiliary networks and decentralized applications (dApps)…

Decentralized finance (DeFi) is on a rally, surpassing $65 billion in total value locked (TVL). With this accomplishment, DeFi is among the top five largest U.S. hedge funds in assets under management (AUM). On February 9, the total value locked in all DeFi protocols reached a multi-year high of $65.612 billion. Notably, the last time decentralized finance saw these numbers in TVL was in June 2022. This metric has currently surpassed the $64.658 billion of August 13, 2022, according to data from DefiLlama. Interestingly, this TVL accounts for 48% of stablecoins’ market cap of $136.408 billion at the time of…

Dapper Labs, one of the renowned blockchain companies in the NFT ecosystem, has reignited the NFT phenomenon ahead of Sunday’s Super Bowl. According to reports, the NFT creator is taking advantage of the event to advertise promotional drops that coincide with the mega sporting event. Dapper Labs reportedly issued promotional packs of its “NFL All Day” digital collectibles during the playoffs in January. Following the promotion, the NFTs have recorded impressive sales, including a Tom Brady NFT that sold for $40,000. According to the company, another digital piece featuring quarterback Aaron Rodgers also fetched $34,000 in sales. Reports show that…

Ethereum (ETH) has seen a significant uptick in its price, driven by large-scale accumulations by cryptocurrency whales. According to recent insights shared by Lookonchain, a notable blockchain analytics platform, Ethereum’s price has surged by 24% since the beginning of February. This increase is notably attributed to a whale who has aggressively purchased approximately 69.5K ETH, worth around $179 million, from leading exchanges such as Binance, Bybit, Bitfinex, and OKX in the same timeframe. This move underscores a growing confidence in Ethereum over other cryptocurrencies, signaling a potential shift in market dynamics. The price of $ETH has increased by ~24% since…

Shares upgraded to neutral from underweight to reflect rising crypto prices. Coinbase stock rose as much as 8% in premarket trading. The crypto exchange reports earnings after the close. JPMorgan (JPM) upgraded the shares of crypto exchange Coinbase (COIN) to neutral to reflect the recent surge in cryptocurrency prices following the approval of spot bitcoin (BTC) exchange-traded funds (ETFs) in the U.S., it said in a research report Thursday. Higher crypto prices are expected to improve activity levels and Coinbase’s earnings power in the first quarter, the report said. The Wall Street giant raised the stock to neutral from underweight…

Bitcoin price prediction continues to show strength, shrinking the chances of a correction before the pre-halving rally. If anything, BTC may have already confirmed the early stages of the pre-halving rally. Most bullish intraday traders are closely watching the $52,000 level, established as solid support. On the upside, $53,000 is an area of concern due to the liquidity anticipated. This range may extend to $53,400. A successful retest of the hurdle could act as a price magnet, paving the way to $58,000. Read Also: Bitcoin Ordinals Dev Leonidas “Largest Ordinals Airdrop Ever” Runestone Almost Here Bitcoin Price Prediction: Has The…

This week, the Radix Network has unveiled Project Ignition, a $10M liquidity initiative aimed at fortifying liquidity for USDC, USDT, wBTC, and ETH. This pioneering program matches liquidity providers’ contributions with XRD tokens, effectively doubling the liquidity provided while offering upfront rewards and protection against impermanent loss.—Scheduled to launch on March 14th, 2024, Project Ignition will seamlessly integrate with leading Radix DEXs, including Ociswap, CaviarNine, and DefiPlaza, providing users access to Ignition incentives through specific liquidity pools.Upon providing liquidity through supported DEX front-ends, users immediately receive an unlocked payment in XRD, with rewards of up to 20% of the token…

The social media protocol Farcaster generated a lot of buzz this week, driven by the success of its X-like client, Warpcaster. The standard version of the story goes something like this: In late January, Farcaster released Frames, a feature that lets external sources be natively displayed within the Warpcast feed. This bit of technology allows developers to build cool things, such as in-app Girl Scout cookies order flows. As a result, users have flocked to what might become crypto’s new public square. This is all true, but the app also comes out of crypto, where the potential for profit is…

Widely followed economist Alex Krüger believes one Ethereum (ETH) rival is undervalued as its ecosystem buzzes with activity. In a new interview with Bitcoin Suisse’s podcast Verified, Krüger says that Solana (SOL) has a livelier ecosystem than ETH’s and also greater potential. He predicts long-term upward momentum for SOL. “I think that Solana is absolutely massive and it’s under price relative to ETH. What’s happening in Solana is absolutely incredible. And I think everybody should be long. It’s the perfect chain for retail risk taking. Let me quantify this. Memecoin WIF is doing about $40-$50 million in daily trading volume.…

Amidst the recent rally in the broader crypto ecosystem, some of the biggest losses recorded by traders have been spotted on-chain. The digital currency ecosystem might be filled with many stories of booming portfolios on X and other social media platforms, but it does not negate the fact that some traders also experience massive losses on their trade. Losses are inevitable because investor psychology differs and goals may differ from one trader to another. Crypto analytics insights provider Arkham Intelligence has shared three major losses on record from whale traders. Mega Loss on MOG MOG Coin is one of the…