Author: NBTC

The strong performance of Ethereum in recent days has caught the attention of experts. In several posts on X, prominent fund managers and industry leaders have projected a bullish outlook for Ethereum (ETH), positioning it to outperform Bitcoin (BTC) with a target price of $8,000. This optimism is underpinned by anticipated regulatory advancements for the decentralized finance (DeFi) ecosystem. Why Ethereum Could Outperform Bitcoin Raoul Pal, Founder and CEO of Global Macro Investor, articulated his perspective on ETH’s potential resurgence in a post that has garnered significant attention within the crypto community. “I’ve been expecting ETH to start gaining lost…

The co-founder of Taproot Wizards, Udi Wertheimer, has proposed the launch of the new CATNIP tokens, based on OP_CAT. Runes were a mistake…. but OP_CAT fixes this!INTRODUCING CATNIP: bitcoin-native CAT-powered tokensThe user experience of BRC-20s and Runes felt disappointing to most crypto enthusiasts. While ordinals and inscriptions are widely considered to be a superior version of NFTs on… pic.twitter.com/l3p5hc38b3 — Udi | BIP-420 🐱 (@udiWertheimer) September 11, 2024 The new CAT protocol on Bitcoin The sleeping OP_CAT The proposal of the CATNIP protocol Fractal: the scaling solution for the Bitcoin network The news after Taproot The new CAT protocol on…

Former U.S. President Donald Trump will once again take the White House, needing only three more electoral votes from a state leaning heavily red, defeating Vice President Kamala Harris and auguring a more permissive regulatory environment for crypto in the world’s largest economy. Crypto has not been a major issue through this election cycle, though Trump, the Republican candidate for president for a third election in a row, did a great deal of outreach to the crypto industry, by speaking at a bitcoin conference, handing out burgers at a crypto bar and otherwise making statements appealing to the industry, including…

The Bitcoin network is on the verge of experiencing a “golden crossover” in a key on-chain metric, according to a recent analysis by cryptocurrency analytics firm CryptoQuant. The firm’s report highlights an impending crossover in the Active Addresses Momentum indicator, a key measure of network activity and market trends. Active Address Momentum tracks unique Bitcoin addresses that are actively participating in the network, providing insight into investor participation and overall market sentiment. In the analysis, CryptoQuant applies a 30-day moving average and a 365-day moving average to measure changes in network activity over different time frames. A golden cross occurs…

Trump’s Ethereum stake grew 10% in 2024, increasing his digital asset value. The WLFI token sale faced low interest, reaching only half of its revised funding target. Market watchers suggest Trump’s administration could drive crypto growth through regulation. President elect Donald Trump’s financial disclosure highlights gains in Ethereum and NFTs while revealing mixed results for his decentralized finance venture, World Liberty Financial . Trump earned millions from his NFT deals and holds an essential Ethereum stake, yet his DeFi project faced reduced investor interest as the token sale missed its initial funding goals. Trump’s Growing Digital Portfolio Trump’s digital investments…

Ethereum has struggled to gain much momentum in recent months while Bitcoin has soared, breaking its all-time price record multiple times in early November—including once more on Friday afternoon. However, the second-largest crypto by market cap finally managed to breach the $3,000 threshold early Saturday for the first time since August 2, peaking out at $3,056. Breaking that mark for only the second time this year, Ethereum had fallen to as low as $2,375 on the eve of Election Day. Yet, with President-elect Donald Trump’s favorable stance on digital assets boosting the broader market, Ethereum’s price is beginning to rise…

Bitcoin’s price is on the verge of creating a new all-time high following the significant rally in the past few days. However, the asset has faced some initial resistance and is yet to break above the March peak. Technical Analysis By Edris Derakhshi (TradingRage) The Daily Chart On the daily chart, the asset has begun a rally since its rebound from the $52K support level. Over the past few weeks, it has broken above the 200-day moving average, located around the $64K level and the $69K resistance zone. Currently, BTC is testing the $74K resistance zone, which is also its…

ETH jumps to highest since Aug. 2. Hopes for regulatory relief under the Trump presidency and Fed rate cuts galvanize demand for ETH. When a beleaguered asset is met with a burst of good news, it can unleash powerful bullish momentum, often outshining the broader market. Ethereum’s native token, Ether (ETH), is experiencing this phenomenon following pro-crypto Donald Trump’s victory in the U.S. election and the Fed rate cut earlier this week. ETH, the world’s second-largest cryptocurrency by market value, surged past $3,000 on Saturday, reaching the highest since Aug. 2, according to CoinDesk data. Prices have risen 23.39% this…

LayerZero has been selected as the interoperability provider for BitGo Wrapped Bitcoin (WBTC) to expand its cross-chain capabilities. LayerZero’s selection highlights the network’s growing influence in the blockchain space and has seen its native token ZRO bounce off a major support level on its price chart. With LayerZero as the official interoperability provider, BitGo will expand its tokenized wrapped bitcoin (WBTC) product to Avalanche and BNB Chain. Using LayerZero’s Omnichain Fungible Token (OFT) standard, BitGo aims to facilitate the seamless and cost-effective transfer of WBTC across these networks. The OFT standard, widely adopted by over 100 protocols including Ethena, Ether.fi,…

Ripple CEO Brad Garlinghouse has hit back at skeptics after pro-crypto candidates emerged as winners in the ongoing US elections. The notable crypto industry leader didn’t hold back in his latest tweet after crypto-friendly candidates secured victory in the US elections. In an X update today, Garlinghouse taunted critics who doubted the election of pro-crypto candidates, noting that “the crypto voter is here to stay.” Notably, the November 5 elections were seen as the first crypto election, following the involvement of GOP candidate Donald Trump and other candidates in the US House and Senate. Trump and other candidates actively supported…