Author: NBTC

Key Points: David Bailey discussed Bitcoin as a debt solution with Trump. Bailey’s actions are to support Bitcoin, not endorse Trump. “Can Bitcoin Solve US Debt?” was a question asked by Trump, according to David Bailey, CEO of Bitcoin Magazine, triggering discussions in the crypto space. David Bailey, chief executive officer of Bitcoin Magazine and a cryptocurrency advisor to the Donald Trump campaign, stirred up interest with his recent disclosure. Can Bitcoin Solve US Debt problem? During an online space on X (formerly Twitter), he said Trump had asked whether Bitcoin could help solve the staggering U.S. national debt, which…

Iran’s central bank is set to launch a pilot for its digital rial enabling cashless transactions for banking customers. The Central Bank of Iran (CBI), also known as Bank Markazi, has announced the operational phase of its digital currency known as digital rial in a bid to modernize and simplify domestic transactions. In a press release seen by crypto.news, the central bank says the pilot is slated for July, allowing banking customers and tourists on Kish Island to make purchases and transfer funds using digital wallets and QR codes. CBI says the digital rial will enhance the resilience and efficiency…

OKX’s native token, OKB, may possibly see a decline in its value. According to Blockchain analytics platform Spot On Chain, OKB tokens were sent to the wallet used by OKX for its token burn events. In an approved transaction, over $259 million worth of OKB tokens were transferred. Discover the potential implications of OKX’s latest token burn and its impact on OKB’s market value. Massive Token Transfer to Burn Wallet Earlier today, 5.73 million OKB tokens, valued at an approximate $259 million, were moved to the wallet OKX utilizes for its buyback and burn program. This transaction marks the 24th…

Binance is launching HODLer Airdrops, an exclusive campaign for BNB holders who are currently subscribed to its Simple Earn yield program. The initiative will reward users with tokens from projects that have a large token circulating supply and are planning to list on Binance soon. According to Binance’s announcement, the campaign aims to engage small to medium projects with strong fundamentals, a large circulating supply, and organic communities. The exchange will post announcements before each HODLer Airdrop begins, detailing the specifics of the token distribution. Binance will take multiple snapshots of user balances and total pool balances each hour to…

Since Bitcoin (BTC) reached new all-time highs earlier this year, traders have wondered how far BTC can go. In this context, a Bitcoin trader revealed his exit strategy for the leading cryptocurrency, which involves selling to retail investors. The trader’s account goes by the alias Wolf (@IamCryptoWolf) on X and has recently shown skepticism over Bitcoin price predictions. In particular, Wolf has criticized PlanB‘s $500,000 per BTC forecast, which has been massively reproduced by influencers. According to the trader, retail investors will “FOMO” into Bitcoin as the price surpasses $130,000, following higher expectations ($500,000). Notably, this is when Wolf says…

Sonic, a gaming-focused layer-2 blockchain atop Solana, has raised $12 million in a fundraising. The Series A round was led by Bitkraft and joined by investors including Galaxy Interactive and Big Brain Holdings, according to a press release. The money will be used for growth initiatives for the Sonic protocol, which comes with “built-in mechanisms designed specifically for game development and execution on Solana, such as a sandbox environment, customizable gaming primitives and extensible data types, all while boasting the fastest on-chain-gaming experience,” according to the press release. The project was built by the two-year-old infrastructure Mirror World Labs, led…

Solana, a leading blockchain ecosystem, has seen a surge in participation from token holders seeking to actively engage in the network. According to the latest update shared by MartyParty, validators experienced a notable increase in restaking activity, with the v1.18.15 validator receiving a massive 2.239 million SOL tokens, totaling $330 million. This surge in restaking activity marks a significant milestone in the network’s growth. Validators play a vital role in maintaining the integrity and security of Solana’s Proof of Stake (PoS) blockchain. They validate transactions and ensure consensus among network participants, upholding the network’s functionality and reliability. This is particularly…

Bybit, the second largest crypto exchange by spot volumes, announced on Wednesday that it has achieved a major milestone of 30 million registered users worldwide. The company also unveiled Copy Trading Pro, a new platform that enables investors to mirror the strategies of more experienced traders to potentially earn passive income with more consistent returns. The Dubai-based exchange has seen strong growth in last twelve months, with its market share in spot trading surging from 2% in 2023 to more than 12% in 2024, according to Finance Magnates Intelligence. “Reaching 30 million registered users is a humbling achievement, and it…

Amid heightened anticipation and market activity, Bitcoin (BTC) tested the critical $72,000 resistance level three times in recent weeks. This repeated attempt to breach the formidable barrier has ignited speculation about the potential for a new all-time high (ATH) if the resistance can be decisively broken. Bitcoin’s recent price action has been characterized by its struggle to break past the $72,000 mark. The $72,000 mark has become a line in the sand for Bitcoin, representing a level of resistance that has been difficult to overcome. This resistance level has proven to be a significant psychological and technical barrier for traders…

Ethereum and BNB chain bridge Router Protocol just closed an oversubscribed funding round to extend the bridge to more networks. Router Protocol, a modular cross-chain framework for building interoperable applications. By connecting different blockchain ecosystems, bridges play a crucial role in creating a more cohesive and streamlined network. It was launched in 2022 on the Polygon and BSC chains with the objective of making life easier for future Web3 users. Router Protocol said in a press release that it has recently raised more than expected funds for further development—but didn’t disclose exactly how much. The investment realized from this raise…