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.

Jane Street Capital now holds over 5% of Coinbase stock

Jane Street Capital has accumulated substantial Coinbase stock. According to financial intelligence site Fintel, Jane Street owned 5.3% of Coinbase’s outstanding shares in February. COIN was valued at $140.86 at the time of the company’s 13G filing on Feb. 9, placing the value of its holdings at $1.4 billion. At a current share price of $236.40, the same shares are worth approximately $2.4 billion, though it is unclear whether Jane Street’s holdings have changed since February. Jane Street’s current holdings represent an increase from previous months. Yahoo! Finance indicates that Jane Street held just 1.92% of outstanding shares in December,…

MarketsApr 27

Ethena Just Launched to a $1.2 Billion Market Cap—Here’s What You Need to Know

Ethena Labs has just announced the launch of its governance token, $ENA, and the expansion of its yield-earning stablecoin, synthetic dollar token USDe. The upcoming debut has garnered considerable attention, including praise from Arthur Hayes, the former CEO of BitMEX, among other crypto enthusiasts. But it has a complex backstory. Ethena says it will use this new token to be more decentralized, accessible and secure. The company also airdropped 5% of the total $ENA supply to all USDe and sUSDe holders as part of its Season 2 campaign, which is set to last five months. But Ethena was ensnared in…

AltcoinsApr 27

Kana Labs Widget Enables Seamless Cross-Chain Token Swaps on Liquid Swap

Liquid Swap, the Aptos blockchain-based AMM that operates under Pontem Network, has integrated Kana Labs. The integration with the company, which offers smart wallet solutions for account abstraction and cross-chain operations, benefits Liquid Swap with the ability to swap between EVM and non-EVM platforms. Liquid Swap Integration with Kana Labs Widget Allows Token Swap between EVMs and Non-EVMs In its recent blog post, Kana Labs disclosed that Liquid Swap has integrated its “Kana Widget.” Pontem Network’s Liquid Swap operates as a prominent DeFi forum that provides its services on Aptos. It offers several services such as yield farming, staking, liquidity…

BlockchainApr 27

Bitcoin Price Analyst Drops Latest Weekly BTC Report, $80,000 Loading

Doctor Profit decodes Bitcoin’s journey, emphasizing distinct market phases. Altcoins poised for gains amid Bitcoin’s strategic bullish sideways movement. Critical inflation data release prompts caution; join Dr. Profit’s Telegram for insights. The silver-tongued Bitcoin and crypto analyst Doctor Profit, known for his accurate predictions, drops the latest weekly BTC update. This report explores what actions the pioneer crypto will take next. #Bitcoin – What's Next? The big Sunday report, all you need to know: 🚩 TA/LCA/Psychological Analysis: Bitcoin is currently moving at a significant yearly all-time high (ATH) resistance around the $69,000 region. It's crucial to understand the zones and…

BitcoinApr 27

Samsung Subsidiary Invests in DePIN Firm Roam

The Samsung subsidiary Samsung Next, an affiliate of Samsung Electronics, has made an undisclosed investment in the DePIN player Roam. Per the South Korean media outlet Global Economic, the money will help Roam build a network of global WiFi roaming nodes. The firm, operated by MetaBlox, is also building a DeWi (decentralized WiFi) ecosystem. #Roam X @SamsungNext 🤝 As the latest investment unfolds, Samsung Next's support for Roam promises a bright future ahead. Here’s what you want to know about this investment 👇 pic.twitter.com/Fu7SmL5fFJ — Roam by MetaBlox (@metablox) April 22, 2024 Samsung Subsidiary Makes Second Roam Investment Samsung Next…

MarketsApr 27

Arbitrum, Aptos, and Starknet set for over $600 million token unlock this month

Several leading crypto projects are poised for significant token releases in April, with Aptos, Arbitrum, and Starknet at the forefront. Data from Token Unlocks indicates that these projects will experience the largest token unlocks this month. Aptos is set to release 24.84 million APT tokens on April 12, which is about 6.2% of its circulating supply, valued at approximately $370 million. These tokens are allocated to the Aptos Foundation, core contributors, investors, and the community. Following Aptos, Starknet will unlock 64 million STRK tokens on April 15, representing nearly 8.8% of its total circulating tokens and with an estimated value…

AltcoinsApr 27

'Heroes of Mavia' Delays Ethereum Token Unlocks as Price Falls 65% Since February

Mobile strategy game Heroes of Mavia has reworked its token unlock schedule in an attempt to slow its inflating supply, less than three months after the Ethereum-based token initially launched. After the announcement late Thursday, the MAVIA token jumped 21% before crashing even lower than it had fallen before the news came out. MAVIA is down to $3.72, as of this writing, falling nearly 9% over the last day. Heroes of Mavia’s token has now plunged 65% from its all-time high price of $10.59, which was set two months ago, soon after the early February launch. The game's original plan…

GameFiApr 27

Mode TVL soars 140% as users hunt for airdrops

Mode surpassed $344 million in total value locked (TVL) and shows the largest growth among Ethereum layer-2 blockchains over the past 7 and 30 days, according to data aggregator DefiLlama. This huge leap in TVL could be related to users rushing to farm Mode’s native token airdropped, rumored to have a snapshot at the beginning of May. For the past seven days, Mode leaped 40.4% in TVL, with an even more significant growth of 138% in the last month. Liquid restaking protocol Renzo leads in TVL dominance, nearing $140 million in funds locked and boasting an 85% rise during the…

BlockchainApr 27

Bitcoin Now in a Supercycle and Will Run Over $100,000, Says Economist Alex Krüger – But There’s a Catch

A widely followed economist thinks Bitcoin (BTC) is now in the midst of an extended bull market where traders and investors quickly absorb any sell pressure. Alex Krüger tells his 166,100 followers on the social media platform X that Bitcoin is now in a supercycle and that demand for BTC will overwhelm market supply en route to a six-figure price tag. Although the economist says crypto is starting to give off bearish signals, he notes that inflows from spot market exchange-traded funds (ETFs) can invalidate those readings and push Bitcoin to greater heights. “Bitcoin is in a supercycle (shorter shallower…

BitcoinApr 27

Canaan Executives Plan to Buy $2 Million in Company Shares, Citing Deep Undervaluation

Two executives of the bitcoin mining rig maker Canaan intend to jointly purchase at least $2 million worth of company shares, claiming the company is “deeply undervalued,” despite revenue decline. According to its annual report released last week, Canaan’s total revenues shrank by 67.5% to $211.5 million in 2023 from $651.5 million in 2022. Canaan Inc. Executives Express Confidence Through Personal Investment Canaan, a prominent provider of high-performance computing solutions, has disclosed that its Chairman and CEO, Nangeng Zhang, along with Chief Financial Officer, James Jin Cheng, have expressed their intent to utilize personal funds for a joint purchase of…

MarketsApr 27