Author: NBTC

Shares of MicroStrategy (MSTR) are up 4.6% over the past 24 hours, outperforming the broader market. The company’s stock has now pared most of its losses that were logged during the global market crash that took place earlier this week. Bitcoin is currently trading at $56,571 after adding nearly 5% over the past 24 hours. Just like air and water Meanwhile, MicroStrategy co-founder Michael Saylor, one of the staunchest Bitcoin supporters, recently compared Bitcoin to air and water: “Traditional finance operates 19% of the time. Capital, like air & water, should be available 100% of the time. Bitcoin is available…

Pendle’s BTC pools diversify DeFi opportunities for Bitcoin enthusiasts. Pendle expands yield opportunities for Bitcoin holders with new BTC pools Pendle has introduced BTC pools to provide enhanced yield strategies for Bitcoin holders. The platform’s integration with Corn’s LBTC and other BTC variants signifies its adaptability in the DeFi market. Pendle, known for its success in ETH-centric DeFi narratives, is expanding into Bitcoin yields by introducing new BTC pools, providing Bitcoin holders with access to enhanced yield strategies and fixed yield trading opportunities. Pendle’s strategic expansion into Bitcoin yields comes at a time when interest in BTC staking and yield…

Este artículo también está disponible en español. Ethereum price is attempting a recovery wave above $2,320. ETH might struggle to gain pace for a move toward the $2,500 resistance zone. Ethereum is attempting a recovery wave above the $2,250 zone. The price is trading above $2,320 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $2,320 on the hourly chart of ETH/USD (data feed via Kraken). The pair must clear the $2,400 resistance to continue higher in the near term. Ethereum Price Recovers Above $2,320 Ethereum price started a recovery wave above…

XRP ranked as the fifth-best-performing asset after reportedly having 6.71% weekly returns amidst a broader market recovery. XRP has made the headlines again after featuring in a mention by US-based asset manager Grayscale. The Bitcoin and Ethereum spot exchange-traded fund (ETF) issuer listed the XRPL native token among the weekly top ten best-performing assets among the biggest cryptocurrencies by market cap. In the snapshot tweeted on Friday, Grayscale listed XRP as the fifth-best performer, with a 1-week gain of 6.71%. This showed XRP’s bullish outturn amidst a wider market recovery. The data further uncovered that XRP’s gains meant it had…

A measure of Bitcoin’s intraday volatility spiked Monday to its highest levels since crypto exchange FTX’s collapse in 2022, as the asset’s price saw its most intense price swings in around 20 months. Bitcoin’s so-called high-low spread popped to 19% amid a global market selloff, according to K33 Research analysts Vetle Lunde and David Zimmerman. “Yesterday’s market activity was frantic and hectic,” they wrote in a research note, describing the activity as “violence.” FTX’s collapse wreaked havoc on the crypto market well over a year ago, pushing Bitcoin’s price down as low as $15,742 on November 9, 2022, according to…

Nolus, a cross-chain lease protocol focused on providing safer alternatives to high-risk crypto lending platforms, has unveiled a major update aimed at revolutionizing how decentralized finance (DeFi) users interact with its ecosystem. The update, scheduled for Q3, will introduce volatile base currencies, allowing users to borrow and lend assets like Bitcoin (BTC) and Ethereum (ETH) as base lending currencies. This significant enhancement aims to unlock new income streams, provide advanced hedging capabilities, and reduce operational overheads. By doing so, Nolus hopes to create a more active and liquid ecosystem for DeFi traders, yield farmers, and security-conscious crypto investors. Borrowing and…

Since the year 2019, the biggest holders of Ethereum have been consistently leveling up their network dominance. As per IntoTheBlock, a well-known DeFi market intelligence firm, the consistent accumulation of these whales over time went through intensification in 2023 simultaneous to the Ethereum Shanghai upgrade and now they control the circulating supply’s 43%. The market intelligence platform provided the details of this development on social media. Ethereum’s largest holders have steadily increased their dominance since 2019, consistently accumulating more ETH over time. This accumulation accelerated further in early 2023, coinciding with the Shanghai upgrade.Today, these addresses control over 43% of…

Cardano founder Charles Hoskinson has addressed speculations regarding ADA and Hydra. During his opening keynote on Rare Evo 2024, he claimed Cardano is “the most secure blockchain ever built.” Hoskinson also compared developing the Cardano network with building a tank. “Cardano will not go down, it’s built like a tank. But it’s faster now, so it’s built like a lambo tank,” he said. Hydra controversy Hydra is a Layer-2 scaling solution designed for Cardano, aimed at boosting transaction throughput and ensuring cost efficiency without compromising security. Based on peer-reviewed research, Hydra is a family of protocols, with Hydra Head being…

In the midst of shrinking revenues and rising operational costs, industry experts tell Decrypt that Bitcoin miners are continuing to invest in new, specialized hardware, displaying strong confidence in the future of the leading crypto network despite short-term struggles. According to a Glassnode report released this week, Bitcoin’s hash rate—an essential measure of mining activity—remains near all-time highs, just 1% shy, even though revenues have plummeted. The mining industry is currently facing a double challenge: increasing mining difficulty and declining transaction fee revenue. As the hash rate rises, so does the difficulty of mining and earning a BTC block reward,…

The chief executive officer of the world’s largest crypto exchange says that crypto’s latest crash is likely to be short-lived. According to Binance CEO Richard Teng, outside forces are currently shaping the digital asset markets. “Recent sharp drops in crypto & equity prices are influenced by macroeconomic factors. We do NOT believe it’s indicative of a long-term negative trend. With potential Fed rate cuts & geopolitical volatility, there’s still significant potential for market fluctuations. Reminder to always DYOR (do your own research) & stay informed. Keep building!” The crypto market cap, which sat around $2.48 trillion seven days ago, is…