Author: NBTC

This week, the cryptocurrency market is set for substantial activity, with a total of $574.8 million worth of tokens unlocking between December 2 and December 8, 2024. This large-scale unlocking event involves various projects, with notable increases in circulating supplies. As per Tokenomist data, Jito ($JTO) leads with a massive unlock worth $496.71 million, accounting for 103.32% of its circulating supply. Other key tokens include Neon EVM ($NEON), Cardano ($ADA), Taiko ($TAIKO), and Ethena ($ENA). These unlocks have the potential to impact market dynamics significantly, making this week a critical period for investors and analysts alike. 🔓 Weekly Cliff Unlocks…

The Trump administration has announced plans to form a Crypto Advisory Council comprised of approximately 24 CEOs and founders from leading blockchain and cryptocurrency firms. Trump Administration to Form Crypto Advisory Council with Industry Leaders The Council is designed to provide expert guidance on digital asset policy and assist Congress in drafting cryptocurrency legislation. Main Objectives of the Council Strategic Guidance: Members will collaborate with management to shape policies that foster innovation in the crypto space while ensuring regulatory clarity. Legislative Collaboration: The Council intends to work closely with Congress to craft comprehensive cryptocurrency legislation that addresses key issues such…

Bitcoin’s mining difficulty has edged up by 0.61%, rising from 109.78 trillion to 110.45 trillion. At the same time, the network’s hashrate remains relatively subdued, following a notable drop from its high of 824 exahash per second (EH/s) to the current 778 EH/s. Bitcoin’s Difficulty Increases, Hashrate Falters Since block height 878,976 was mined, the process of extracting bitcoin has grown marginally more challenging, as reflected in the 0.61% increase in the difficulty parameter. A difficulty level of 110.45 trillion indicates that the target for hashing computations is now 110.45 trillion times more complex than Bitcoin’s baseline difficulty, which was…

Bitcoin has shattered expectations once again, surging past the critical $93,257 level in a display of unstoppable momentum. This breakout has ignited fresh waves of bullish optimism across the crypto market, as traders and investors anticipate greater gains. With market sentiment shifting and key indicators aligning, could this be the spark for Bitcoin’s next major rally? As optimism steadily increases in the market, the goal is to take a closer look at BTC’s impressive breakout above the $93,257 mark, analyze the positive sentiment driving its climb, and assess the potential for continued upward strength in the market. Bullish Indicators: What’s…

Nansen claimed that its staking platform hit $1 billion in total value locked (TVL) in just four months. This represents a 1,500% increase from its initial TVL of $60 million, a truly impressive growth rate. This news comes from a press release exclusively shared with BeInCrypto. Nansen Sees Staking Success Nansen, one of the largest analytics firms that broke important blockchain-related stories, attributes this success to a recent acquisition. Last September, the firm purchased premier staking service provider StakeWithUs, which laid the foundations for this project: “We’re excited to have hit $1 billion in just 4 months since StakeWithUs joined…

2025 could be a big year for cryptocurrency exchange-traded funds (ETFs), according to Laser Digital, the digital asset subsidiary of financial services giant Nomura. More than twelve crypto ETFs could be launched in the U.S. this year, if approved by the Securities and Exchange Commission (SEC), Laser Digital said in a report last week. Asset managers have submitted 12 filings to the SEC to date, the report noted, and potential products include a ProShares ETF that denominates the S&P 500’s return in bitcoin, a combined bitcoin/ether ETF, and litecoin, XRP and Solana based products. Laser Digital said a bitcoin/ether ETF…

The latest blog post details Cardano’s Charles Hoskinson and Input | Output (IO) journey to make a real impact in Ethiopia using blockchain technology. According to the report, an education program was started to train fresh graduates to use Cardano to boost the agriculture sector. To impact the financial economy as well as the individuals’ lives in Africa, Input|Output (IO) has decided to build a new technology in Ethiopia after conducting a pilot program for IT students in Greece and Barbados. In a comprehensive blog post detailing this journey, it was highlighted that the Ethiopian government made an early move…

Donald Trump Jr., eldest son of elected President Donald Trump, has joined prediction market platform Kalshi as a strategic advisor. Kalshi operates as the first and only legal prediction market in the United States under Commodity Futures Trading Commission (CFTC) regulation. The platform offers contracts on real-world events, including elections, economic outcomes, and social topics. Kalshi gained significant attention during the recent election, as traders utilized its yes-or-no contracts to speculate on whether Kamala Harris or Donald Trump would win the presidency. On the eve of the election, Kalshi bettors estimated Trump’s chances of victory at 55%—a forecast that proved…

Gryphon Digital Mining received a 850-acre industrial site powered by natural gas in Southern Alberta, Canada from a signed agreement with Captus Energy for $18.7 million. According to Gryphon Digital’s press release, the Bitcoin (BTC) mining firm plans to use the recently acquired asset to further expand on its AI and high-performance computing data center infrastructure. Gryphon’s deal with Captus is expected to close before or some time in April 2025. Based on the agreement, Gryphon Digital will pay Captus $27 million CAD or equal to $18.7 million, which already includes $3 million CAD ($2 million) worth of four-year-long restricted…

Popular crypto analyst Ali Martinez found that crypto market inflows have dropped to more than 56% in the past month, indicating investments in crypto have slowed down. According to a recent X post by top crypto analyst Ali Martinez, capital inflows dropped from $134 billion to just $38 billion over the past month. Alongside his findings, Martinez shared a chart showcasing the aggregated realized value net position change within the crypto market. The sharp drop in inflows was particularly evident around mid-December 2024 to early January 2025 after a particularly bullish November. “This points to a significant reduction in investment…