Author: NBTC
Matthew Sigel, head of digital asset research at VanEck, has explained how just 5% of the G8’s reallocations from gold could impact Bitcoin supply. The world is slowly warming to Bitcoin and digital assets. Once viewed as highly speculative and lacking in intrinsic value, the pioneering crypto asset has forged a reputation as a store of value and digital gold. Since Donald Trump proposed a national Bitcoin stockpile, the prospects of holding the asset as a reserve asset have trended among nation-states. While the United States has yet to establish one, other countries are already looking to get ahead of…
Injective’s governance proposal aims to bring McDonald’s on-chain stock perpetuals to decentralized exchange dApps, expanding access to traditional assets in DeFi. The proposal leverages Injective’s iAssets and Oracle Module to enable efficient, transparent, and secure trading of McDonald’s stock through perpetual contracts. Injective is making another stir in the decentralized financial sector with a new governance proposal that seeks to include McDonald’s stock perpetual contracts into its network’s dApps ecosystem. If approved, this innovation will give traders greater possibilities in digital asset trading by allowing them to exchange McDonald’s stock on-chain with a perpetual contract mechanism. A new governance proposal…
Sony Group and Astar Network are launching a campaign with a 100 million ASTR reward to drive adoption and growth on the Soneium ecosystem. According to a press release sent to crypto.news, Japanese blockchain ecosystem Astar (ASTR) Network has partnered with Sony Group’s Ethereum layer 2 mainnet, Soneium, to launch the Astar Contribution Score campaign, which rewards users for actively engaging and providing liquidity in the Soneium’s DeFi ecosystem. The ACS campaign will run for 100 days, starting from Feb. 20 until May 30, 2025. During the campaign, participants can earn points by interacting with applications, providing liquidity to DeFi…
Base’s rapid growth positions the Coinbase-backed Ethereum Layer-2 solution to become a key infrastructure provider for mainstream consumer blockchain applications, per a new report by Nansen. Nansen highlighted significant developments slated for the second quarter, notably Flashblocks, Base Appchains, and smart wallet enhancements, which reflect infrastructure upgrades needed for consumer app adoption. Flashblocks, set for mainnet launch in Q2, will reduce pre-confirmation block times from 2 seconds to just 200 milliseconds, potentially making Base the fastest Ethereum Virtual Machine (EVM)-compatible blockchain. Further driving consumer use, Base Appchains enable high-throughput apps to deploy dedicated Layer-3 networks on Base. Current deployments include…
BTC broke through the $97,500 barrier earlier today amid sustained interest from institutional investors such as Strategy and Metaplanet, despite lower trading volume. Institutional Interest Remains High as Bitcoin Climbs to $97.5K Bitcoin (BTC) continues its cautious upward climb, reaching $97,414.42 at the time of reporting. This marks a 1.17% increase over the past 24 hours and a 1.45% gain over the past week. The cryptocurrency has traded within a 24-hour range of $95,412.89 to $97,552.58, reflecting moderate bullish momentum despite broader market stagnation. (BTC price / Trading View) Trading Volume Drops, But Futures Activity Climbs While BTC’s price saw…
Decentralized finance (DeFi) lending platform Compound is facing calls to onboard additional risk managers in response to a recently approved governance proposal made by current manager Gauntlet. Throwing its hat into the ring as a potential candidate, Chainrisk is calling for more transparency amongst COMP delegates and their negotiations, with a reply even pointing to an unlabeled address that may be linked to Gauntlet. In what DeFi commentator Togbe is calling “some of the griftiest stuff I’ve ever seen from Gauntlet,” Gauntlet’s proposal is for Compound to use competitor Morpho (for which Gauntlet is also a service provider) to launch…
World Liberty Financial withdrew $10 million USDC from Coinbase to buy 200 million WLFI tokens and spent another $125,000 USDC to purchase 547,990 SEI at an average price of $0.228. The transaction which took place on Feb. 20 was reported by on-chain analytics platform Onchain Lens. This purchase comes on the heels of WLF’s Macro Strategy announced on Feb. 12. A multisig wallet created by #Trump’s World Liberty Finance (@worldlibertyfi) has withdrew $10M $USDC from #Coinbase to buy 200M $WLFI.They also spent $125k $USDC to buy 547,990 $SEI at an average price of $0.228.MultiSig Wallet: 0x64bcb62afee4712bb6ecf7673ee3cfe6e2e133e8… pic.twitter.com/w4Luz8NIuR — Onchain Lens…
The Bitcoin price drop to $77.7K causes Bitcoin miners to experience escalating financial challenges, which triggers a substantial increase in their transfers to crypto exchanges. The selling intensity of miners increases according to on-chain data at CryptoQuant as historical market patterns indicate additional price declines until strong buyer settlements stabilize supply. https://twitter.com/cryptoquant_com/status/1899425902502568349 Miners Offloading BTC at Local Bottoms As Bitcoin fell below $78K, the number of miner transfers to crypto exchanges experienced a substantial increase. The market downturn prompts miners to sell Bitcoin to cover operational expenses, thus causing BTC prices to decrease further. The green bars on CryptoQuant’s chart…
Hela Labs has proudly announced its collaboration with Plena Finance, the first crypto app to employ Account Abstract Technology for over two years, even a year before Vitalik wrote a paper regarding this technology. This alliance aims to revolutionize the Web3 world by bringing together state-of-the-art technology and user-centric solutions. A decentralized future which would be more innovative, accessible, safer and beneficial does not seem far now. Collaboration of Hela Labs and Plena Finance Provides Enhanced Account Abstraction Technology Hela Labs and Plena Finance complement each other with their unique strengths. Their combination will spark the world with enhanced Account…
Changpeng Zhao, co-founder and former CEO of Binance, recently hinted that the US government is a major buyer of Bitcoin. Yesterday on X, he tweeted: “You can buy Bitcoin after the US government is done buying, or before. There is no other choice.” This tweet followed reports that Montana’s proposed ‘Strategic Bitcoin Reserve’ legislation has successfully passed committee review and will now proceed to a vote on the House floor. Montana Bill Sparks Speculation of US Bitcoin Reserve The bill proposes the creation of a special revenue account that allows the state to invest in precious metals, stablecoins, and digital…