Author: NBTC
Jupiter’s founder, Meow, has announced plans to lock 280 million JUP tokens (worth over $204 million) that he personally holds until 2030, following the launch of the first JUP token repurchase initiative. This decision comes as part of a broader strategy to ensure the long-term stability and growth of the Jupiter ecosystem. Jupiter’s Long -Term Strategy: Founder Locks 290 Million JUP In a recent article, Meow outlined the future development plan for JUP tokens, presenting a comprehensive long-term strategy centered around the “GOAT Framework,” i.e., Governance, Transparency, Organic growth, and Synergy. As part of this framework, Meow revealed three key…
The crypto market experienced a severe downturn on Tuesday, and according to many on-chain metrics marked a bottom in bitcoin’s (BTC) price. The total crypto market capitalization hovered just above $2.7 trillion—marking a nearly $1 trillion wipeout since its peak in December 2024, according to TradingView data. Several indicators suggest that Tuesday’s sell-off may have marked a local bottom. Andre Dragosch, Head of Research at Bitwise Europe, highlighted that the Crypto Asset Sentiment Index hit its lowest level since August, coinciding with the unwinding of the yen carry trade, which saw bitcoin make a bottom at around $49,000. “The Crypto…
As Bitcoin reached $95,000 momentarily, the broader market recovery propelled the altcoin market segment to $1.24 trillion. With the broader market recovery, the Ethereum price surged to nearly $2,550. The overnight recovery of 13.62% in ETH, has challenged the center pivot level and marked a positive cycle within a falling channel pattern. Will this recovery in Ethereum reach the $3,000 psychological mark? Ethereum Recovery Starts Recovery Within Bearish Channel In the daily chart, the ETH price action reveals a positive reversal within a falling channel pattern. The bullish recovery comes from the crucial support level at $2,200 near the support…
The Hong Kong arm of ChinaAMC has introduced a tokenized money market fund in a bid to expand blockchain-based investment options for retail investors. China Asset Management (Hong Kong), a subsidiary of one of China‘s largest fund houses, has launched Hong Kong‘s first retail tokenized money market fund in a collaboration with Hong Kong-based crypto exchange OSL. The so-called ChinaAMC HKD Digital Money Market Fund, approved by the Securities and Futures Commission, offers retail investors blockchain-based access to money market assets, the South China Morning Post reports. Standard Chartered Bank (Hong Kong) serves as the tokenization agent, digital platform operator,…
Ondo Finance has launched a campaign on Sui’s NAVI Protocol to drive adoption of its yield-bearing stablecoin USDY. Ondo Finance (ONDO) has launched a new campaign in collaboration with NAVI Protocol, aiming to encourage more people to use its stablecoin USDY, a tokenized US Treasury yield coin by Ondo Finance. Running from Feb. 26 to March 12, the initiative offers participants a chance to earn rewards by supplying liquidity for USD (depositing it into NAVI Protocol). Participants earn points based on their liquidity contributions, making them eligible for a share of the rewards, which will be paid in NAVX and…
Bitcoin is trading under $90,000, marking its lowest point in a month. The cryptocurrency has fallen over 7% this week, currently hovering around $88,948. However, according to PlanB, the creator of the Bitcoin Stock-to-Flow (S2F) model, these price corrections are normal in Bitcoin’s growth cycles. In a post on X (formerly Twitter), PlanB pointed out that back in the 2016-2017 bull market (which the current market cycle is copying), Bitcoin had several price drops of more than 30% before reaching new all-time highs. The analyst backed up his claims by posting a price chart of BTC during that time. Blockchain…
Ethereum’s price has recently experienced a massive drop, coming much earlier than expected, as ETH has failed to make a new all-time high like Bitcoin. Yet, the bull market for the second-biggest crypto might not have begun yet. Technical Analysis By Edris Derakhshi (TradingRage) The Daily Chart On the daily chart, it is evident that the price has been making lower highs and lows since December 2024 after failing to break above the $4,000 resistance level. The 200-day moving average, located around the $2,900 mark, has also been lost, as ETH has lost more than a third of its market…
As part of a risk assessment exercise conducted during its January meeting, the ECB stated that the recent developments in the deregulation of financial markets in the U.S., including crypto, might increase the risks of a future financial crisis. ECB Warns That Crypto Deregulation Might Cause a New Financial Crisis Crypto and bitcoin are now terms present in financial discussions of central banks around the world. The European Central Bank (ECB) recently revealed that it was assessing the effect of a more deregulated crypto ecosystem on the financial markets. In a recently revealed memo that details the discussions held as…
Many crypto enthusiasts miss out on free airdrops every day simply because they don’t know how to claim them or what they are. Currently, the Soneium Network airdrop is one of the hottest opportunities, but if you don’t act fast, you could lose your chance to grab free tokens. Plus, you might waste time or fall for scams without the proper steps. This Soneium Network airdrop guide will walk you through everything—what Soneium is, why this airdrop matters, and exactly how to claim your free tokens in just a few simple steps. Let’s get started! Soneium Airdrop Guide: Step-by-Step 🎁…
Changpeng Zhao, famous within the crypto community as CZ, the former Binance chief executive and the platform’s co-founder, has taken to social media to address concerns expressed by many on the market at the moment – regarding the future of the Bitcoin price. “Bitcoin won’t die,” CZ predicts He assured the community that the 8% drawdown faced by the global crypto market leader, BTC, since Monday is not going to end the king of crypto. He also assured the community that there is no need to panic about the current situation, as Bitcoin continued to trade below the $90,000 level.…