Author: NBTC
Ethereum needs to break an important resistance level to trigger a potential surge as futures outflows take over the market. Notably, Ethereum (ETH) has seen a 3.7% drop in the last 24 hours, currently trading at $3,202. The price has fluctuated between $3,176.63 and $3,432.93 during this period, indicating some volatility. Despite the recent decline, Ethereum has experienced a 0.6% increase over the past week and a stronger 6.3% rise in the last 14 days. However, its performance over the last 30 days and 12 months shows significant challenges, with losses of 9.6% and 12.5%, respectively. Given the current price…
On March 6, US President Donald Trump ordered the creation of a Strategic Bitcoin Reserve (SBR) and Digital Asset Stockpile. While the quantity of assets in both funds has risen dramatically due to criminal and civil asset forfeiture, the coin prices of those assets have been falling precipitously. Specifically, using estimates from Arkham and a date of 30 days after Trump’s executive order as a starting point for calculating returns, the median return across a number of the largest constituents of the SBR and Digital Asset Stockpile whose price is not flat in USD terms over the time period is…
The titans of Wall Street are descending on Capitol Hill to ensure the emerging digital asset framework does not undercut their business model. Negotiations over the crypto market structure bill have entered a combative new phase, with the heads of the nation’s largest banks preparing to intervene directly in the legislative process. Behind closed doors, negotiators from both parties have spent weeks trading proposals, examining definitions that would determine whether crypto assets fall under the SEC or the CFTC. Lawmakers are debating how to prevent the market from becoming a haven for illicit finance. Now, the effort is entering a…
All news is rigorously fact-checked and reviewed by leading blockchain experts and seasoned industry insiders. Chainlink will be using its native CCIP technology to allow the cross-chain transfer of Codatta’s XNY token between BNB Chain and the Coinbase Layer-2 platform Base. It continues strengthening its cross-chain infrastructure, recently launching CCIP v1.5 with new safety features and supporting broader integrations. Oracle services provider Chainlink has made yet another move in powering AI layer Codatta, in their latest integration. Once again, the platform will be using its native Cross-Chain Interoperability Protocol (CCIP) for transferring Codatta’s native XNY tokens between Coinbase Layer-2 platform…
Ethereum price today trades near $3,195 after a heavy rejection at the $3,350 zone, where multiple resistance layers converged. The pullback has forced ETH back into a tight range as outflows spike again and buyers try to defend a rising trendline that has supported price since last week. Outflows Surge As Traders Reduce Exposure ETH Netflows (Source: Coinglass) ETH recorded more than $112 million in net outflows on December 11, according to Coinglass. The outflows continue a pattern that has built for months, with large red prints dominating the board across both October and November. Heavy outflows at a major…
A steep drop in financial markets and cryptocurrencies? That’s officially a top concern for the European Central Bank’s Alvaro Santos Pereira. Summary ECB warns of financial instability: Alvaro Santos Pereira highlights risks from a potential market correction. Pereira stresses the need for central banks to preserve flexibility, keeping room for rate cuts if another shock hits the economy. After the week’s crypto downturn, the outlook remains uncertain, though markets steadied after hints of potential rate cuts. According to Bloomberg, the Bank of Portugal governor stressed that central banks need to keep their “crisis-fighting toolkit” ready in case another shock hits.…
Hong Kong is taking another big step in tightening its crypto oversight. The government has launched a public consultation on adopting the OECD’s Crypto-Asset Reporting Framework (CARF) and updating the Common Reporting Standard (CRS) – a move that will pull crypto transactions firmly into global tax-transparency systems. Hong Kong Moves Toward Automatic Crypto Tax Reporting The goal is to crack down on cross-border tax evasion and keep pace with international standards. CARF will require Hong Kong to exchange crypto-asset tax information automatically with partner jurisdictions each year. “To demonstrate our commitment to promoting international tax co-operation and combating cross-border tax…
Introduction Crypto space came into existence to provide decentralization along with anonymity. But it does not mean that you cannot have trail of your digital assets and transactions. A blockchain is like a ledger open to public on the internet. Every financial activity is recorded irreversibly so that no one can alter it. With advancement in blockchain technology and increased adoption over time, transparency and accountability has become the top priority of leading blockchain networks. For this purpose, anyone can use blockchain explorer tool. What Is a Blockchain Explorer? A blockchain explorer is a simple tool that lets anyone look…
In a stunning display of strategic foresight, Abraxas Capital has demonstrated the power of well-timed short positions by generating an incredible $269.13 million in profits during the recent cryptocurrency market downturn. This remarkable achievement, reported by Onchain Lens, showcases how sophisticated investment firms can capitalize on market volatility to deliver exceptional returns. How Did Abraxas Capital Short Positions Achieve Such Massive Returns? The firm’s current short positions across two separate wallets continue to perform strongly, showing an additional $76.83 million in unrealized gains. This dual-wallet approach allows for risk management while maximizing exposure to downward market movements. Their strategy proves…
Australia’s securities regulator has locked in a new phase of crypto relief, signing off on licensing and custody exemptions for certain stablecoins and wrapped tokens to “further foster innovation and growth in Australia’s digital assets and payment sectors.” The class relief announced Thursday exempts intermediaries engaging in the secondary distribution of eligible stablecoins and wrapped tokens holding separate Australian Financial Services (AFS), market, or clearing facility licences, according to the Australian Securities and Investments Commission. ASIC also granted separate relief allowing providers to hold digital assets that are financial products in omnibus accounts, subject to appropriate record-keeping arrangements and reconciliation…