Author: NBTC

The value of President Donald Trump’s controversial memecoin has cratered following the rollout of the White House’s new tariffs. Official Trump (TRUMP) is trading at $9.03 at time of writing and is down more than 13% in the past 24 hours. Trump signed an executive order on Wednesday that slapped a 10% baseline tariff on all imported goods entering the US, effective April 5th, with the stated goal of protecting domestic manufacturing. He also issued a proclamation detailing “reciprocal tariffs” on dozens of specific countries effective April 9th, with rates totaling up to 54% on China. The tariffs rattled global…

As Chief Legal Officer at Kraken, Marco Santori oversaw legal and regulatory compliance at one of the world’s longest-standing and most secure crypto platforms. Now, having joined the WalletConnect Foundation as a Director, Santori is getting “back to his roots,” he told Decrypt. “I wanted to focus on self custody,” Santori said, explaining that much of the growth in the crypto industry in recent years has been driven by speculation. “That’s a feature, not a bug; Satoshi was one of the first to point this out,” he added. But while speculators are the “top of the funnel for crypto adoption,”…

Bitcoin miners may be struggling as the price of the biggest cryptocurrency by market value trades sideways, and investors sell off their equity—but stablecoin giant Tether is betting big on one of the sector’s largest players, purchasing about $32 million in equity in publicly traded Bitdeer in April. An SEC filing shows Tether snapped up the shares as the price of Bitdeer’s stock dropped. Tether did not immediately respond to Decrypt’s questions, but the company has increased its interest in the Bitcoin mining space: The company bought a stake in Bitdeer last year, and in March, filings showed that it…

According to Glassnode, Bitcoin whales—entities holding over 10,000 BTC—achieved an accumulation score of approximately 1.0 earlier this month, reflecting intense buying activity. This score marks a significant deviation from the behavior of smaller holders, who are leaning toward distribution. Why Bitcoin Whales Are Buying While Smaller Holders Sell Glassnode highlighted the shift in the latest X (formerly Twitter) post. “Whales holding >10,000 BTC briefly hit a perfect accumulation score (~1.0) at the turn of the month,” Glassnote posted. Bitcoin Accumulation Score. Source: X/Glassnode This score reflected a 15-day period of intense purchasing activity. However, after this spike, the score slightly…

Synthetix’s algorithmic stablecoin sUSD has continued its month-long depeg, now trading nearly 21% below its $1 peg. According to CoinGecko’s price data, sUSD has dropped to $0.7924 as of Apr. 17, down more than 8% in the past 24 hours. Its market cap has fallen from $30 million at the beginning of April to $25 million as of press time. Due to the ongoing depeg, market activity has increased, as shown by the 320% rise in 24-hour trading volume to $794,081. sUSD is a synthetic asset issued on the Synthetix (SNX) protocol, backed by its native token SNX and designed…

U.S. stocks continued to seesaw as markets opened largely flat on Tuesday, following Monday’s positive close. The Dow Jones Industrial Average, the S&P 500 and Nasdaq indices were trading roughly flat an hour after Tuesday’s opening bell. On Monday, all major indices ended the day solidly in the green. Electronics related stocks had benefited from the recent exclusions for computers and smartphones among other consumer electronics. Auto stocks also soared amid news of potential tariff exemptions for car companies. However, the overall market outlook pointed to continued jitters over potential direction of tariffs – particularly the turmoil around U.S.-China trade…

Today, the cryptocurrency market remained down as a reaction to the newly announced US trade tariffs that hit the global investment industry, leading to severe effects across various financial sectors. Most crypto assets are down today, with Bitcoin’s value today down 1.42% over yesterday, currently standing at $81,974. Ethereum is also down 1.62% over the previous day, currently hovering at $1,769. Multiple major assets like BNB, SOL, ADA, and many others also recalled their prices. Despite significant declines in several assets, today’s data reported by Phoenix Group highlighted top performers in the crypto market. DAILY GAINERS$AIC +32.0% $GRASS +26.7% $USUAL…

SoonChain, an advanced blockchain entity for Web3 and AI integration, has commenced a new partnership with ZenithRing, a prominent Web3 smart ring that converts health data of a person into digital assets. The collaboration aims to redefine the health economy, letting users earn rewards for their healthy lifestyle and activity. The platform disclosed this development on its official social media account. New AI Partnership Announcement📢We’re partnering with @ZenithRing , the first AI-powered Web3 smart ring turning your health into a digital asset.💡 Together, we’re redefining the health economy, earn by staying active, get AI-powered insights, and take control of your…

Novel decentralized finance (DeFi) protocol Neutrl aims to bring a hedge fund trade — once limited to sophisticated investors — to the masses in the form of a crypto token. The protocol is launching its NUSD “synthetic dollar” token, designed to generate returns by arbitraging discounted altcoin deals in over-the-counter (OTC) markets, the team told CoinDesk in an exclusive interview. Neutrl also raised $5 million in seed funding led by digital asset private marketplace STIX and venture firm Accomplice. They were joined by Amber Group, SCB Limited, Figment Capital and Nascent alongside a range of crypto angel investors including Ethena…

Courtyard and DMarket became the two most popular weekly NFT sales, while CryptoPunks rose 43.99% in value. One rare CryptoPunk sold for a $10 million loss due to the current low ETH prices. Top collections such as Bored Ape and Pudgy Penguins declined while other smaller projects like LilPudgys picked up. Courtyard led in the NFT market this week with total NFT sales of $18.36 million, up from $15.874 million in the previous week, a 16.18% increase. There were 141,945 transactions recorded in the collection, with 8,712 buyers, making it the most sale-prone platform among all the others. TOP #NFT…