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Author: NBTC

NBTC is the editorial account for NBTC News, covering Bitcoin, Ethereum, DeFi, blockchain infrastructure, exchanges, mining, regulation and digital asset markets. The editorial team focuses on clear sourcing, timely updates and practical context for crypto readers.

Blockchain

Athene Network Delays Mainnet to 2025, Updates P2P Policies

By NBTC

The cryptocurrency market continues to face turbulence, with Ethereum ($ETH) struggling to revisit its all-time high (ATH). In response, Athene Network has unveiled a series of pivotal strategic adjustments. These changes aim to ensure the platform’s long-term stability. The adjustments further intend to enhance its offerings to holders during this period of market volatility. Athene Network Postponed Mainnet Launch to Ensure Stability Athene Network has rescheduled its Mainnet launch to 2025. citing the need for a more secure and resilient network infrastructure. The exact date has yet to be disclosed. The decision reflects the company’s commitment to delivering a robust…

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Bitcoin

Bitcoin Educator Sounds Alarm on Centralization Risk

By NBTC

The concerns were in response to Michael Saylor’s suggestion that the U.S. should quadruple its planned strategic reserve and exert influence over the Bitcoin network. Saylor Calls for U.S. To Purchase up to 25% of Total Supply Bitcoin educator Anita Posch, founder of non-profit organization Bitcoin for Fairness posted a warning on X about the centralization risk posed by governments and corporations that are setting up bitcoin treasuries. Posch’s post came on the heels of a bold suggestion by Microstrategy Chairman Michael Saylor that the U.S. government should purchase “20 or 25 percent of the Bitcoin network” and “catalyze” its…

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DeFi

Strong Metrics, Weak Token Price—What’s Holding It Back?

By NBTC

AAVE’s DeFi metrics are surging, yet its token price remains over 50% below its all-time high (ATH) of $666.86. Arthur, Founder and CIO of DeFiance Capital, highlighted this discrepancy, pointing out that AAVE’s protocol metrics have surpassed previous ATH levels while its token valuation lags. This disconnect raises questions about what’s holding the token back despite its impressive on-chain performance. Protocol metrics of @aave already exceed ATH by wide margin but the price is still >50% below ATH. Stablecoin supply also significantly higher compare to 2021 which power DeFi. Higher pic.twitter.com/EiMZk0Anoj — Arthur (@Arthur_0x) December 12, 2024 The platform boasts…

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Altcoins

Mountain Protocol Integrates Chainlink CCIP for USDM Stablecoin

By NBTC

Mountain Protocol, the issuer of the USDM stablecoin, announced an integration of Chainlink CCIP. This cross-chain interoperability platform aims to increase user security and usability. However, Chainlink’s own LINK token has stagnated recently despite a series of prominent CCIP integrations. Mountain’s Deal with Chainlink Mountain Protocol, the issuer of stablecoin USDM, announced a new integration with Chainlink CCIP. This industry standard for cross-chain interoperability will facilitate smooth and secure token transfers on participating platforms, including prominent chains like Ethereum, Arbitrum, and Polygon POS. Read More: What Is Chainlink (LINK)? The method of processing these cross-chain transactions was described in detail…

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Legal

Ripple went all-in on politics and gained billions

By NBTC

Ripple went all-in on politics this year — and it paid off spectacularly. The oldest, most experienced, and wealthiest altcoin-focused company, Ripple’s multi-year initial coin offering (ICO) started in February 2013 and ultimately raised $1.3 billion — a breathtaking sum during crypto’s early years. Three of the project’s co-founders, Chris Larsen, Brad Garlinghouse, and Jed McCaleb, are now billionaires and the market cap of its flagship XRP token is up $88 billion year-to-date. Working in the industry for over a decade, its leaders have learned what types of activities do and do not make an impact. As one of the…

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Blockchain

Backpack Exchange integrates Sui to boost scalability and multichain functionality

By NBTC

Backpack Exchange records $60B trading volume, now integrates Sui for multichain growth. Sui gains Backpack wallet support, enabling secure storage and seamless asset management. Sui ranks 8th in TVL at $1.5B as integrations with Backpack and Phantom boost adoption. Backpack, a popular wallet and exchange platform, has partnered with Sui, a Layer 1 with esteemed scalability and speed. This integration will enhance the utility and ease of assets for users worldwide. Backpack, a trading platform that targets users in over 150 countries, has conducted over $60 billion in trading volume since its launch a year ago. This collaboration helps Sui…

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Bitcoin

This Bitcoin Indicator Echoes Early November Vibe That Presaged a 40% Price Explosion

By NBTC

Bitcoin (BTC) traders could be in for another thrilling ride. A key technical indicator that presaged November's price surge is positioned precisely as it was then, signaling a potential volatility explosion ahead. That indicator is the Bollinger bandwidth, a tool used to gauge impending changes in market jumpiness. For bitcoin, the bandwidth has narrowed to less than 10%, a level not seen since Nov. 4, the day before the U.S. elections. The largest cryptocurrency subsequently surged to $100,000 from $70,000 in four weeks. Bollinger bands mark levels two standard deviations above and below the 20-day moving average of an asset's…

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DeFi

Ranger Finance Targets Crypto Perps Traders of 'Size' on Solana

By NBTC

Solana's nearly $500 million decentralized finance (DeFi) derivatives market is getting a new participant, one that's looking to take a slice of all the other venues' pies. Ranger Finance is an aggregator service that wants to be for perpetual futures what Jupiter is to spot swaps: Solana traders' de-facto homepage for an entire category of on-chain trading. "We want the Solana ecosystem to compete with your massive decentralized exchange (DEX) players — Hyperliquid, dYdX, Vertex — and currently the best way to do that is via aggregation," said Ranger co-founder Barrett, a DeFi veteran who also runs the biannual mtnDAO…

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Ethereum

Ethereum (ETH) Struggles at $4,000, But Whales Continue to Accumulate

By NBTC

Ethereum’s price has struggled to close above the $4,000 mark for the second time in the last six months. Despite rallying close to this key psychological level, ETH was unable to maintain its position, signaling the need for a stronger bullish conviction to push the price past this barrier. The failure to sustain above $4,000 suggests that investors are hesitant, with profit-taking likely playing a key role in halting the momentum. Ethereum Whales Accumulate Whale addresses holding between 10,000 and 100,000 ETH, which have demonstrated strong accumulation over the past five days, purchasing a combined total of 400,000 ETH worth…

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Altcoins

XRP Community Explores Native Staking on XRPL, with Contributions from Flare and Ripple

By NBTC

The XRP community is discussing the potential introduction of native staking or lending functionalities on the XRP Ledger (XRPL). Despite being over a decade old, XRPL lacks these features, forcing XRP holders to rely on third-party platforms for yield-earning opportunities. This conversation is now gaining traction, with key voices from the XRP ecosystem making contributions. Introducing Native Staking on the XRP Ledger Most recently, Mickle, an XRP community figure, proposed the idea of XRP staking, suggesting someone take up the challenge of making it a reality. He pointed to Babylon Labs, a Bitcoin staking protocol, as an example of how…

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