Author: NBTC

Bears shorting the market continue to be on the wrong side of the spectrum as almost all cryptocurrencies are charting more gains ever since Donald Trump won the 2024 US presidential elections. In the past few hours alone, BTC tapped a fresh peak at over $77,000, while ETH is itching closer to $3,000, and a particular whale was caught off guard on BitMEX. It has been a rather spectacular week for the cryptocurrency market. It all started as it became evident Trump will be the next US president on Wednesday morning. Bitcoin, which has been praised by the Republican candidate…

In the last 24 hours, the Shiba Inu (SHIB) ecosystem has recorded significant activity as volatility persists in the broader cryptocurrency space. A key metric of SHIB, its deflationary mechanism, the burn rate is on a massive surge. According to Shibburn, this index has spiked by a massive 8,193% as the network tries to checkmate the recent price crash. Millions of Shiba Inu removed from circulation This surge removed 3,106,197 SHIB from the circulating supply. Eight transactions involved the burning exercise, which sent the tokens to dead wallets. The last transaction recorded sent one million tokens in a single batch…

Crypto-friendly politicians are making significant gains in the ongoing US elections, with early results indicating strong support for candidates who advocate for digital assets. In the House of Representatives, 220 pro-crypto candidates have been elected, surpassing the 106 elected who are against crypto initiatives, according to Stand With Crypto. In the Senate races, pro-crypto candidates also show promising results as Republicans take back control of the Senate. Fourteen candidates who strongly support crypto have been elected so far, compared to nine who are opposed. Notably, in Ohio, Republican Bernie Moreno, a strong crypto advocate, has won the Senate seat with…

A widely followed crypto trader says that one catalyst could cause Ethereum (ETH) to spark a rally that sees it rise by nearly 70%. In a new video update, Guy Turner, the host of CoinBureau, tells his 2.53 million YouTube subscribers that the second-largest digital asset by market cap could regain its all-time high (ATH) in 2025 once it receives the Pectra upgrade. “Pectra and the upgrades that will follow it are bullish for ETH — so much so that they could eventually be the catalysts that help ETH regain its all-time high.” According to Binance, the Pectra update, due…

The anti-immigrant dog and cat eating conspiracy Donald Trump referenced during last night’s presidential debate has been circulating in the trenches of Pump.fun for a couple of days. Despite this, meme coins referencing the disproven claim flopped during the debate. Interestingly, most of them saw their peak hours before the Republican nominee brought it up. “In Springfield, they’re eating the dogs—the people that came in—they’re eating the cats,” Trump said during a debate with Vice President Kamala Harris. “They’re eating the pets of the people that live there, and this is what’s happening in our county.” Trump goes off the…

West Virginia Governor Jim Justice has secured the Senate seat previously held by Democrat Joe Manchin, marking a shift to Republican representation. Justice’s win makes him the first Republican to hold this seat since Senate Majority Leader Robert Byrd in 1959. This result signals a broader alignment with pro-crypto policies in the Senate, with Justice gaining considerable backing from the crypto community. Source: X As reported by Fox Business journalist Eleanor Terrett, Justice received strong support from crypto advocates, including $3 million from the pro-crypto super PAC, Defend American Jobs. Coinbase CEO Brian Armstrong also contributed $3,300 to Justice’s campaign,…

Anthony Scaramucci, founder of SkyBridge Capital, recently stated that Bitcoin is still “very early.” “If you’re watching #Bitcoin make new highs and thinking you missed the boat – you didn’t,” he said. Scaramucci has encouraged potential Bitcoin investors to actually read the Bitcoin white paper and listen to prominent Bitcoin evangelists of the likes of MicroStrategy co-founder Michael Saylor and ShapeShift founder Erik Voorhees. As reported by U.Today, Scaramucci accurately predicted that the Bitcoin price would skyrocket following the Federal Reserve’s rate cut. On Tuesday, Bitcoin surpassed the $73,000 level for the first time in months, with bulls zeroing in…

The following is a guest article from Vincent Maliepaard, Marketing Director at IntoTheBlock. DeFi is driving one of the most aggressive waves of innovation in decades. While it may feel like an established sector to some, DeFi is still rapidly evolving, continually introducing tools with the potential to redefine traditional finance. Here’s a look at some of the most promising advancements in DeFi and the protocols at the forefront of this transformation. 1. Yield AMM Protocols Yield Automated Market Makers (AMMs) are introducing groundbreaking ways to manage and trade yield. Protocols like Pendle Finance separate the yield generated by an…

Ethereum has finally surged after breaking through a critical resistance level that had kept the price subdued since early August. This move has shifted market sentiment, as many investors and analysts previously doubted ETH’s potential in the current cycle, expecting it to lag behind. However, Ethereum’s recent strength is starting to reshape these perspectives. Prominent analyst and investor Ali Martinez recently shared insights indicating that while Ethereum’s momentum is building, the much-anticipated “Altseason” hasn’t arrived just yet. According to Martinez, this stage of the cycle typically sees Bitcoin outperforming Ethereum and other altcoins—a common pattern as BTC often leads market…

Aptos’ token price remained stable at $6.10 after releasing 11.31 million tokens. Aptos’ total market cap continues strong at $2.97 billion post-unlock. Aptos (APT) recently underwent a significant token unlock event, releasing 11.31 million APT tokens into circulation on September 11, 2024. This unlock, representing 2.32% of the total supply and valued at approximately $68.99 million, was part of the project’s predetermined emission schedule. Despite concerns about potential selling pressure, APT has shown resilience. The token’s price currently stands at $6.10, reflecting a modest 1.77% decrease post-unlock. This stability suggests a balanced market reaction and indicates that the event was…