Author: NBTC

Crypto traders are increasingly using PolitiFi tokens to speculate on the US presidential campaign, with tokens linked to former president Donald Trump seeing significant price fluctuations. According to a recent Kaiko report, the MAGA token surged 51% in two hours following Trump’s shooting on Saturday, mirroring an increase in shares of Trump’s Media & Technology Group (DJT). Image: Kaiko Notably, weekly trading volume for MAGA has risen from $10-15 million in February to a peak of $120 million in June, indicating growing market interest. However, these tokens have shown little predictive value so far. The first notorious figure to advocate…

Northern Data announced that its revenue in the second quarter surged by 22%, defying expectations despite the impact of the Bitcoin halving. European Bitcoin (BTC) mining company Northern Data has rolled out its Q2 results published today, Aug. 6, boasting a 22% increase in revenue despite the challenges posed by the Bitcoin halving. The company reported Q2 revenue of €26 million, driven by performance from its cloud platform and investments in its data center footprint as well as mining facilities. Northern Data’s CEO Aroosh Thillainathan emphasized the company’s progress in enhancing its high performance computing capabilities and leveraging partnerships to…

Ethereum scaling solutions Optimism (OP) and Arbitrum (ARB) are leading the digital asset space being the only full-Ethereum Virtual Machine rollups to reach the “Stage 1” of decentralization. The stages were noted by Ethereum co-creator Vitalik Buterin who believes that all the developers should aim to achieve increased decentralization by the end of the year. On the other hand, ZK-EVM rollups like Starknet have not yet reached the first stage of decentralization. Ethereum co-founder Vitalik Buterin expressed on X that he hopes to see a ZK-EVM rollup achieve the same level of success as Arbitrum and Optimism. @Arbitrum and @Optimism…

On the rollercoaster ride that’s Bitcoin’s price, crypto-market participants may be wondering if the latest dip was stomach-churning enough, as the asset ratchets back up to $62,000. Bitcoin saw some relief on Tuesday, following an especially precipitous day. But the asset has mostly tumbled throughout the month of June. Swooping down from $71,000 amid a flash-crash weeks ago, the asset’s price has plunged as much as 16% since nearing all-time highs. The descent became noticeable as investors digested hawkish tones from the Federal Reserve, Kaiko analyst Dessislava Aubert told Decrypt in a statement. Trimming rate cut projections to one this…

COZ has unveiled its roadmap for Neon 3, a redesigned version of its desktop and mobile wallet. The update features a suite of new features, including multi-chain support, and a unified software architecture for cross-platform deployment. Launch features The initial release of Neon 3 will feature a full redesign of the wallet’s desktop client, with improved interface customization such as account labeling and personalization. Wallet management has been simplified by allowing users to secure all their accounts with a single master password. This functionality works in tandem with new cross-chain compatibility, making it possible to manage addresses on multiple blockchains…

Bitcoin faces significant challenges. Currently in its third worst week of the year, BTC is down over 4.5%. Despite this decline, BTC has increased by 38% year-to-date. However, recent market trends in June showed signs of capitulation similar to the decline observed in early May. Fred Thiel, CEO of Marathon Digital Holdings (MARA), gave information about the current situation of the cryptocurrency market. Thiel explained several factors contributing to the downward pressure on Bitcoin. According to the CEO, the German government sold approximately 50,000 BTC and Mt. Bitcoin distribution expected from Gox bankruptcy creates supply shocks. Also influencing the market…

Top 7 ICO, a famous company offering analytics and insights into DeFi and cryptocurrency projects, has disclosed the top seven fundraising rounds of this week. As per Top 7 ICO, the prominent seven private cryptocurrency fundraising rounds that were accomplished this week include Morpho, Layer2 Financial, Daylight, Hyperbolic Labs, Icebreaker, Breakout, and Mintify. The platform disclosed this development on its official X account. Top 7 Crypto Fundraising Rounds of the WeekLet’s take a look at the top 7 biggest private crypto fundraising rounds completed in the previous week, backed by crypto venture investors including @cbventures, @a16zcrypto, @hiFramework, @polychain, @coinfund_io, and…

The stablecoin landscape is shifting amid regulatory differences. While USDT remains the leader, USDC is gradually assuming parts of its market share. The stablecoin ecosystem is currently experiencing a repositioning with Circle’s USDC dominating, while Tether’s USDT declined to 74%. This reposition has raised concerns about what could be causing the drain in the Tether’s market share. Realignment in the Stablecoin Market Over the past few years, Tether has been the dominant player in the stablecoin market. Despite its dominance, the stablecoin appears to be losing its crown to its competitors, especially USDC. Kaiko Research highlighted this shift in its…

Bitcoin (BTC) is at risk of witnessing more corrections as it is on the verge of hitting a “top-heavy” zone, says a popular on-chain analyst. The pseudonymous crypto trader known as Checkmate tells his 94,500 followers on the social media platform X that top-heavy zones happen when “too many people buy too many coins at too high of a price.” “A critical question in these scenarios is ‘Ok, they are underwater, but by how much? How bad is it?’ Being underwater by -1% is very different to -20%. On an Unrealised profit basis, Bitcoin short-term holders are at a key…

Bitcoin and ether tumbled Monday as risk-off sentiment permeated global markets. Crypto-related company shares followed suit, with many miners losing more than 10% in pre-market trading while crypto exchange Coinbase dropped 9%. Crypto-related company stocks slid Monday as escalating tensions in the Middle East and concerns about the strength of the global economy sent bitcoin (BTC) and ether (ETH) tumbling to their lowest levels in months. Crypto exchange Coinbase (COIN) dropped more than 9% in U.S. pre-market trading. Software developer MicroStrategy, which has a policy of buying bitcoin and holds more than 1% of the total supply that will ever…