Author: NBTC
Sunny Aggarwal, Co-Founder of Osmosis, believes THORChain’s liquidity issues mirror the 2022 Terra Luna collapse. THORChain, a decentralized cross-chain liquidity protocol, has paused its network operations due to a significant debt crisis amounting to nearly $200 million. This move has drawn parallels to the 2022 collapse of Terra/Luna, with Sunny Aggarwal, Co-Founder of Osmosis, a decentralized exchange in the Cosmos (ATOM) ecosystem, commented on the situation to crypto.news. “The situation unfolding with THORChain is eerily similar to what happened with Terra/Luna implosion in 2022, where the protocol’s solvency was too heavily dependent on the price performance of the native token,”…
VeChain has introduced the VeChain Renaissance upgrade for economic sustainability. The upgrade will occur in three phases: Galactica, Hayabusa, and Intergalactic. VeChain (VET), a public blockchain facilitating supply chain management, moves forward with key ecosystem upgrades. VeChain said the recent updates will fortify the platform against challenges in the regulatory landscape and technological breakthroughs. VeChain Renaissance Upgrade: A New Era for VeChain As it prepares for the journey, the platform highlighted that the upcoming VeChain Renaissance will usher the blockchain into a new era. As CNF discussed earlier, one key objective of this upgrade is to reimagine tokenomics. https://t.co/XooYllLKxC —…
A note issued by the National Data Protection Authority, Brazil’s data protection institution, has announced that it is actively monitoring the activities of World, the project previously known as Worldcoin, in the country. Given the risks associated with processing biometric data, the authority has requested information on the tasks performed by the company. World Faces Increased Supervision From Brazilian Data Protection Institutions World, the project formerly known as Worldcoin, is facing increased scrutiny in its data collection activities from Brazilian authorities. The National Data Protection Authority (ANPD), Brazil’s data watchdog agency, issued a note reminding World’s operations are being monitored…
Bitcoin (BTC) has been trading within a narrow range for the past few weeks, failing to steady above the $100,000 mark since the beginning of the year. According to a crypto analyst, this price stagnation could be attributed to the significant decline in Bitcoin network activity. Bitcoin Sees Decline in Network Activity In a recent report, pseudonymous CryptoQuant analyst Yonsei_Dent found that the decline in activity on the Bitcoin network is responsible for its price consolidation in recent weeks. Dent assessed Bitcoin’s active address count and found that a “death cross” has formed between its 30-day moving average (30DMA) and…
On January 21, Solana apps accounted for 73.3% of all crypto app earnings within the day, significantly outpacing networks like Binance Smart Chain (BNB) and Ethereum. The blockchain’s app revenues have been recording highs since the second half of 2024. According to data from decentralized apps aggregator DefiLlama, SOL apps’ dominance saw competitors Binance Smart Chain (BNB) and Ethereum secure only 9.44% and 6.46% of daily earnings, respectively. 🚨BREAKING: @Solana apps hit a new milestone, capturing 73.3% of all crypto app earnings in a single day.– BNB: 9.44%– Ethereum: 6.46% pic.twitter.com/Ras6z72SlV — SolanaFloor (@SolanaFloor) January 22, 2025 Ethereum’s app ecosystem…
The U.S. Securities and Exchange Commission (SEC) will hold its first closed meeting since Mark Uyeda took over as acting chair. The meeting, scheduled for Thursday, will involve commissioners, the counsel to the commissioners, the commission’s secretary, and recording secretaries. The topics on the agenda include the institution and settlement of injunctive actions, administrative proceedings, litigation claims resolution, and other matters related to examinations and enforcement. This meeting comes shortly after Judge Torres’s recent decision in the case involving the SEC and Ripple. The court ruled that certain distributions of XRP do not count as securities since there was no…
Cryptocurrency analytics firm Alphractal has shed light on a unique on-chain metric called Alpha Price, which it describes as a “powerful” tool for identifying Bitcoin’s support and resistance zones. “The powerful on-chain metric Alpha Price is drawing support and resistance zones like magic. Currently, Bitcoin is approaching the second upper line, which has prevented the price from exceeding it consistently since December 2024,” Alphractal said in a statement. Alphractal argued that the Alpha Price model is reliable in flagging Bitcoin’s price movements and predicting key trading opportunities. The Alpha Price metric analyzes the profitability of Bitcoin’s short-term holders (STHs) and…
XRP community members suggest a potential settlement in the Ripple lawsuit could be on the horizon as the U.S. SEC schedules its first closed-door meeting under new leadership. FOX Business journalist Eleanor Terrett called the public’s attention to the upcoming SEC closed-door meeting slated for January 23. According to Terrett, this will be the first closed-door meeting the SEC will hold since pro-crypto Republican commissioner Mark Uyeda assumed acting chairman following Gary Gensler’s resignation on January 20. 🚨NEW: The @SECGov will hold its first closed meeting since @MarkUyedaUS took over as acting chair on Thursday. On the agenda: pic.twitter.com/WMDHzWQIeY —…
Bitcoin gained more than “every asset class” over the course of 2024, according to a new report, undoing correlation with equities, gold, and the U.S. dollar in the fourth quarter thanks to a late-year price surge. Research released by New York Digital Investment Group shows that in Q4 2024, Bitcoin broke away from major assets following the election of Donald Trump in November—but it could still move back in line with them. Bitcoin has often moved in line with U.S. equities—particularly tech stocks—as it is considered by many to be a “risk-on” asset. It has also typically done well in…
Among the most vocal critics of TRUMP, the controversial and wildly popular memecoin launched by Donald Trump on the eve of his 2025 inauguration, are the very crypto enthusiasts he may have hoped to court. The TRUMP coin, launched on Jan. 17, saw a dramatic price surge, climbing from $7 to an all-time high of $75 within 24 hours before settling at $38. While the token’s volatile trajectory has minted a few overnight millionaires, it has also drawn sharp criticism from industry insiders. Two days after TRUMP’s debut, MELANIA, a coin endorsed by First Lady Melania Trump, entered the market.…