Author: NBTC

A widely followed crypto analyst is diving into Bitcoin’s (BTC) latest rally and what it could mean for the altcoin markets. Crypto trader Michaël van de Poppe tells his 702,100 followers on the social media platform X that BTC’s pre-halving rally is right on schedule. “Bitcoin dominance continues the rally. To date, the pre-halving rally is still rock solid. The question is, are we going to peak pre-halving? If so, it would be the signal for Altcoins to flourish. What do we want to see? We’d like to see them bounce in their BTC pairs.” Source: Michaël van de Poppe/X…

While the popularity of cryptocurrencies is increasing day by day, many projects and platforms continue to collect million-dollar funds. In this context, the Ethereum (ETH)-based liquid repurchase protocol Puffer Finance raised $18 million in the Series A financing round and reached a valuation of $200 million. Prominent names such as Coinbase Ventures, Kraken Ventures, Lemniscap, Franklin Templeton, Fidelity, Mechanism, Lightspeed Faction, Consensys, Animoca and GSR participated in the investment round co-led by Brevan Howard Digital and Electric Capital. It was stated that in addition to corporate companies, names such as Polygon co-founder Sandeep Nailwal, Wormhole co-founder Anthony Ramirez, AltLayer co-founder…

In an intriguing development within the Shiba Inu (SHIB) ecosystem, the SHIB burn rate has surged dramatically by a staggering 1,344%. This remarkable increase in token-burning activity comes at a key moment for SHIB investors, as the price of the dog-themed cryptocurrency appears to be on the verge of a significant shift. According to the Shibburn X handle, 135,451,536 SHIB tokens were burned in 12 transactions in the past 24 hours. This amounted to $3,868.50 in monetary terms, with the SHIB burn rate soaring by a whopping 1,344.14%. In the past 24 hours, there have been a total of 135,451,536…

Bitcoin has once again captured the spotlight, registering a staggering 72% price increase year-to-date. Opening the year at $42,560 and breaking all-time highs to now trade at $73,000, BTC finds itself in price discovery mode. With no historical price resistance or support, the market is tasked with establishing new benchmarks before the halving. Despite this impressive rally, there are indicators suggesting that Bitcoin may be on the verge of a price correction. Bitcoin Whales Are Booking Profits A notable metric, the Short-Term Holder Realized Price and Profit/Loss Margin indicator, reveals that short-term holders are currently sitting on 70% profits in…

Worldcoin, the biometric iris scanning digital ID organization, is being accused by the government of Buenos Aires of several transgressions, including contradictions regarding the treatment of users’ digital information. Buenos Aires considers that the company exposes users to several unfair clauses, including those describing the possible interruption of the service. Worldcoin Faces Over $1 Million in Fines in Buenos Aires Worldcoin, the biometric identification project, is facing legal action due to its operations in the province of Buenos Aires. The company was accused of including unfair clauses in its binding contracts, violating the rights guaranteed by the National Consumer Defense…

Bitcoin today took a hit—falling well below its fresh all-time high to under $69,000 per coin. The biggest digital coin by market cap has since recovered and is back above $70,000 at time of writing. But it’s significantly below the $73,700 level it hit yesterday, CoinGecko shows. Bitcoin has been on a roll thanks to the massive success of new spot Bitcoin exchange-traded funds (ETFs). But then data dropped on Thursday from the Labor Department’s Bureau of Labor Statistics showing that the producer price index jumped 0.6% last month. The important inflation indicator showed that prices were higher than expected…

Mike Novogratz, the cofounder and CEO of Galaxy Digital, has issued a stark warning about the current United States debt situation, urging the government to immediately cut spending. According to Novogratz, the U.S. is grappling with a debt-to-GDP ratio of approximately 125%. This, he says, is a level that historically precedes significant economic challenges. Novogratz proposed solutions and role of Bitcoin Drawing on historical precedence, Novogratz points out that of the last 34 countries to reach such levels of indebtedness, 33 were forced to restructure their debt. He maintains that the U.S is no different and emphasizes the urgency of…

DWF Labs, one of the important market makers in the cryptocurrency market and attracting attention with its investments, continues its altcoin purchases and investments. At this point, DWF Labs recently announced that it has established a partnership with DeXe Network (DEXE). Sharing from the X account, DWF Labs said: “We are excited to announce that our newest ecosystem partner is DeXeNetwork! I’m pleased to share that we’ve built our DAO in DeXe and published several offerings for collaboration within the DeXe DAO. Today our liquidity partnership proposal was approved by the community. I believe DAO tools on DeXe will be…

Recent discussions between House leaders and Senate Majority Leader Chuck Schumer may lead to action on stablecoin legislation during this summer’s session or in the year-end lame-duck session, according to investment bank TD Cowen. House Financial Services Chair Patrick McHenry and ranking member Maxine Waters met with Schumer last week to deliberate on stablecoin legislation, a key area of financial technology that needs regulatory clarity. According to reports from Punchbowl News and Politico, the discussions also explored the possibility of tying the stablecoin bill to critical legislative items such as the Federal Aviation Administration (FAA) reauthorization and a proposed cannabis…

El Salvador moved more than 5,000 BTC into a cold wallet this week. The disclosure by President Nayib Bukele nearly doubles the country’s known stash of the digital asset. Bitcoin-forward Central American nation El Salvador this week moved $400 million worth of bitcoin (BTC) – “a big chunk” – into a cold wallet, according to its President, Nayib Bukele. In a post on X (formerly Twitter), Bukele referred to the new setup as “our first #Bitcoin piggy bank.” El Salvador stored the cold wallet “in a physical vault within our national territory,” he said, including a photo of a wallet…