Author: NBTC

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.

Trump’s pro-crypto leadership could fuel ‘defi renaissance’ in US, analysts say

DeFiNov 30

As Trump’s crypto-positive cabinet takes shape, the U.S. might be on track for a potential revolution in the decentralized finance space, analysts at Matrixport anticipate. Donald Trump‘s prospective nominees for the U.S. Treasury, Commerce, and potentially the Securities and Exchange Commission are viewed as crypto-friendly leaders who, if appointed, could transform financial policy and align the country more closely with the rapidly evolving crypto sector, according to analysts at Matrixport. In a recent analytical report, the analysts expressed a belief that the narrative of 2024 — Bitcoin (BTC) as digital gold — could evolve “into a defi renaissance,” with traditional…

MicroStrategy must perform today for its NASDAQ 100 snapshot

RegulationNov 30

One of the most recognizable indices tracking public companies in the US, the Nasdaq-100, will perform its eligibility snapshot today. Nasdaq’s committee will use trading data through 4pm today in New York to evaluate companies looking to enter the index during its annual rebalancing event, including Michael Saylor’s bitcoin acquisition company, MicroStrategy (MSTR). Today is a significant event for MicroStrategy’s ravenous community of leveraged bitcoin investors who have encouraged the company to gobble up nearly 3% of bitcoin’s supply. At press time, they seem to be doing everything they can to help; MSTR is trading over 6% higher today with…

$PROM Dominates Daily Gainers with 42.6% Increase, $OLAS Records 26.2%

AltcoinsNov 30

The daily gainers are showing impressive numbers. Leading the pack is $PROM, up by 42.6%, reflecting strong market interest and positive sentiment around the project on various centralized exchanges, according to Phoenix, a crypto media outlet. DAILY GAINERS$PROM +42.6% $OLAS +26.2% $WELL +19.0% $WING +16.1% $DNT +11.3% $IRL +10.6% $RAD +10.1% $GNO +9.9% $CVP +8.3% $NOS +7.8%#dailygainers pic.twitter.com/MAzEKbTrP9 — PHOENIX – Crypto News & Analytics (@pnxgrp) October 26, 2024 $OLAS Jumps 26.2% on Bullish Investor Sentiment, 2nd to $PROM Next in line is $OLAS that has risen by 26.2%. Currently, investors are bullish on the latest advancements and seeing it…

Nichome expands ecosystem with Supernova Shards partnership

BlockchainNov 30

Nichome, an upcoming platform designed to foster participation in the Neo X ecosystem, has announced a new partnership with Supernova Shards, a multiplayer space simulator. This collaboration is planned to integrate Supernova Shards’ gaming experience into Nichome’s gamified rewards platform, expanding the opportunities for users to earn X Credits. Nichome’s gamified rewards model The Nichome platform is designed to incentivize user engagement by rewarding ecosystem participation with X Credits, which can be used to unlock Treasure Chests. Users stake GAS to obtain these Chests and must collect enough X Credits to acquire a KEY to unlock them. This approach combines…

Morgan Stanley’s Bitcoin ETF holdings surge to $272.1M amid rising crypto demand

BitcoinNov 30

Wall Street titan Morgan Stanley has significantly ramped up its exposure to Bitcoin, with its Bitcoin ETF holdings now exceeding $272.1 million. This marks just over two months since the investment powerhouse began providing its clients with indirect exposure to Bitcoin via ETFs. Currently, these holdings represent 0.02% of the firm’s overall $1.2 trillion in assets under management. Morgan Stanley urges CIOs to invest in Bitcoin mining stocks Just recently, Morgan Stanley empowered thousands of its financial advisers to offer eligible clients the opportunity to invest in spot Bitcoin ETFs. This followed the SEC’s approval of spot Bitcoin ETFs earlier…

Orbs Fuels THENA’s Rise, From Strategic Investment to Binance Triumph

DeFiNov 30

Orbs, through its collaboration with THENA, is riding a wave of success after achieving a remarkable milestone. The partnership has propelled THENA into the spotlight and resulted in its recent listing on Binance. This marks a pivotal achievement in THENA’s journey. It also showcases the Orbs’ strategic investment and technological integration. Orbs is a leading Layer-3 blockchain infrastructure provider while THENA is a DeFi protocol built on the BNB chain. Orbs Drives Innovation in DeFi Infrastructure Orbs has played a central role in elevating THENA’s ecosystem by integrating its advanced suite of Layer-3 solutions. Tools such as dTWAP, dLIMIT, Liquidity…

Bitwise Strengthens Crypto Leadership with GXRP Rebrand and Ripple’s Strategic Investment

RegulationNov 30

Bitwise’s rebranding of GXRP shows its plans to grow in Europe and compete in the rising global market for crypto ETPs. Ripple backs GXRP as XRP’s role in cross-border transfers and DeFi grows, fueling more interest in crypto investment products. With new crypto offerings like the Aptos Staking ETP and a U.S. XRP ETF filing, Bitwise is positioning itself as a market leader. Bitwise announced on X that it is introducing Bitwise’s updated XRP exchange-traded product, now called GXRP. GXRP was introduced in 2022, adheres to German regulatory standards, and is entirely supported by actual assets. Bitwise’s rebranding shows its…

Crypto trader turns $1,700 into $873,000 in 2 days

AltcoinsNov 30

Amid the ongoing trend of investors profiting massively from meme coins, an unknown trader has capitalized on this momentum to register a 490-fold return on their investment in the Comedian (BAN) token. Specifically, the trader turned an initial investment of $1,795 into $873,000 in just two days in a transaction involving the BAN/SOL pair on the Raydium automated market maker (AMM) platform, according to data shared by the on-chain analysis platform Lookonchain on October 27. In this case, the returns were not just due to mere luck, as the trader employed a strategic approach. The investor began with 10.2 Solana…

MetaHub Finance Partners with Bixos to Revolutionize Real Estate with Blockchain

BlockchainNov 30

MetaHub has collaborated with Bixos, a blockchain-focused company transforming the real estate industry. The partnership aims to integrate blockchain technology to bridge physical and digital real estate markets, leveraging Bixos’ native $UBXS utility token. 🚀PARTNERSHIP ANNOUNCEMENT 🚀 MetaHub x Bixos🤝 We are thrilled to unveil our latest collaboration with @Bixosinc 🌐 Bixos is transforming real estate with the #UBXS utility #token, bridging the physical and virtual worlds through innovative #blockchain applications. With… pic.twitter.com/s7WBYSTul9 — MetaHub Global (@MetaHubGlobal) November 28, 2024 This collaboration will introduce innovative blockchain applications that disrupt traditional real estate practices. Bixos is driving a revolutionary approach to…

Two Major Bitcoin (BTC) Price Levels

BitcoinNov 30

Right now, there are two significant liquidation thresholds that Bitcoin is positioned between, and knowing which way the price will go in the future is crucial. Key levels at roughly $68,900 and $66,000 that are likely to affect price action are highlighted on the Binance BTC/USDT liquidation heatmap. The risk of heightened volatility rises as BTC approaches these thresholds, which serve as important liquidation points. Depending on which level is tested first, BTC may see a breakout or breakdown under such pressure from both directions. The higher level, approximately $68,900, corresponds to a significant resistance level. A new bullish wave…