Author: NBTC

Solana is committing to building its second smartphone after reaching 100,000 preorders ($45 million in sales) in just over a month. The second phone, much like the first, will have custom features designed to integrate buying, selling, holding and using cryptocurrencies. It took nearly a year for Solana to sell out 20,000 units of its first crypto phone. But the second phone has hit 100,000 pre-orders in just over a month. Solana Mobile’s “chapter 2” smartphone crossed a key threshold on Monday; it had previously set the 100,000 preorder milestone as a precondition to developing a second device. Now with…

The cryptocurrency market has taken a significant hit, losing over $60 billion in market capitalization following unexpectedly high inflation data in the United States. This development has considerably cooled the anticipation of an interest rate cut by the Federal Reserve in March, sending ripples across financial markets, including Bitcoin’s valuation. Bitcoin Drops on Higher Than Expected Inflation The core Consumer Price Index (CPI) in the US, excluding food and energy costs, rose by 0.4% from December. It marked the largest increase in eight months and exceeded analysts’ forecasts. The CPI saw a 3.9% climb year-over-year, maintaining the previous month’s rate.…

A dormant Ethereum (ETH) whale, which had previously been inactive, has resumed its activity and made a significant move as the crypto market experienced a sharp drop. According to Spotonchain, a whale revived after two years of dormancy to withdraw 5,580 ETH worth $13.76 million from Coinbase in recent hours. Depositing on exchanges often implies an intention to sell, while withdrawals might imply accumulation. Another big earner accumulated $ETH today!Whale 0xc47 returned after 2 years of dormancy to withdraw 5,580 $ETH ($13.76M) from #Coinbase ~1 hour ago.Notably, this whale used to make an estimated profit of $31.1M (+43%) from $ETH…

Anchorage Digital Bank is set to facilitate crypto block trades for registered investment advisers (RIAs) as part of its bid to boost access for financial pros looking to enter the segment. The offering comes via a link-up with Onramp Invest — a digital asset wealth platform working with US RIAs with combined assets under management of $40 billion. It follows Anchorage introducing custody and settlement services for RIAs in November. Anchorage Digital became a bank chartered by the Office of the Comptroller of the Currency (OCC) in January 2021. The firm’s CEO, Nathan McCauley, said Anchorage wants to be a…

In a significant development, Shiba Inu’s blockchain platform, Shibarium, has witnessed a remarkable surge in activity. Over the past 24 hours, the number of active accounts engaged in transactions on Shibarium soared to 732, marking a staggering 50% increase compared to the previous day. This surge, notably, seems to be predominantly driven by the heightened participation of established Shibarium accounts rather than a surge in new registrations, according to Shibariumscan data. As of the latest data, the total tally of accounts within the Shibarium ecosystem stands impressively at 63,681, accompanied by a substantial 1.351 million total addresses. The daily transaction…

Bitcoin recently attracted attention with its rise to $ 50,000. This significant jump came as no surprise to investors who have observed a recurring seasonal effect in the cryptocurrency market: Bitcoin tends to rise during the Lunar New Year period, when trading volume is generally lower. The decline in transaction volume is largely attributed to the Lunar New Year holidays, a time when many people in the Asia Pacific region travel and attend festive events with their loved ones. Interestingly, Bitcoin reached the $50,000 level on February 12, just two days after the New Year officially started. Celebrations often last…

As a DeFi-focused hedge fund, MEV Capital has grown comfortable with moving funds around on-chain in pursuit of higher returns, a strategy known as yield farming. But in the last few months, the firm has added a new trick to its arsenal: Accruing points, or rewards for interacting with a protocol that may lead to payouts in a future token, on behalf of clients. MEV Capital is farming these points especially in order to gain exposure to EigenLayer and a raft of other Ethereum restaking projects offering off-chain points to on-chain users. It’s a testament to renewed animal spirits in…

Christine Kim, vice president of research at Galaxy, shared a quick recap of the latest Ethereum developers’ call. Going forward into the Dencun testing timeline, two key dates might be critical to watch ahead of mainnet activation. The Cancun/Deneb upgrade on the Sepolia and Holesky testnets has been scheduled for activation on Jan. 30 and Feb. 7, respectively. In this regard, Ethereum core developer Tim Beiko says to expect an announcement with client releases in the coming week. Quick update from ACD call today: – Cancun/Deneb upgrade on Sepolia and Holesky testnets remain scheduled for activation on Jan 30 and…

The Innovation Center of the Bank for International Settlements (BIS) announced its work program for the year. It features six new projects exploring issues of cybersecurity, financial crime, CBDC and green finance. The bank will begin the second phase of testing a central bank digital currency (CBDC) in 2024, Project Aurum, which is jointly led by BIS and the Hong Kong Monetary Authority (HKMA). The new stage involves research into the privacy of retail payments with CBDC. Previously, the HKMA implemented a wholesale interbank system, an e-wallet and a retail CBDC prototype for the Aurum project. Also among the projects…

BoneShibaSwap (BONE), a Shibarium gas token, has seen an increase in netflows over the last 24 hours. Netflows indicate that holders are either lowering their positions, which is negative in this case, or increasing their positions, which indicates accumulation. Netflows could be negative or positive in each case, depending on the situation. IntoTheBlock’s large holders’ netflow indicator, which provides an idea of the change in the positions of whales, suggests a surprising shift for the Shiba Inu governance token BONE. Large holders’ netflow increased from -15,610 BONE on Feb. 10 to a positive 286,800 BONE on Feb. 11. Bearing in…