Author: NBTC

Bitcoin recently found support at a key onchain metric — the average realized price for a specific year — in this case the 2023 cost basis. The 2023 average realized price currently sits around $63,700. During the local bottom in early February, when bitcoin dropped roughly 50% from its October all-time high, to roughly $60,000, price effectively tested and held this level as support. This behavior mirrors the previous cycle. In early 2023, as the bull run began, bitcoin experienced several small corrections and repeatedly used the 2023 realized price as support. This can be observed in March, July, and…

A deep-pocketed, anonymous cryptocurrency whale has added another 5,001 $ETH to its already massive position, spending $10.6 million in a series of trades over the past three hours. On-chain analyst EmberCN reported the transactions, which were executed via the decentralized exchange aggregator CowSwap at an average price of $2,110 per Ether. Whale’s $290 Million Ethereum Position Built on DeFi Loans The whale address, beginning with 0x54d, now holds a total of 132,000 $ETH, valued at approximately $290 million at current market prices. What makes this position particularly noteworthy is that it has been entirely built through borrowing on decentralized lending…

Trump Media & Technology Group (DJT) faces persistent financial challenges despite its aggressive expansion into the cryptocurrency sector, according to a recent report by the Associated Press. The company’s stock has plummeted more than 60% since President Donald Trump’s re-election, and an accelerating investor exodus underscores deeper operational issues. Trump Media struggles despite crypto expansion: Key financial indicators The Associated Press report highlights several critical data points. Trump Media partnered with Crypto.com to build a digital ecosystem. It also raised $2.5 billion to purchase Bitcoin ($BTC). Despite these moves, the company fails to achieve expected results. The stock decline began…

$WLFI team wallets burned 100M tokens worth $6.68M as part of a Lockbox unlock, a cosmetic squeeze against a looming 62B‑token overhang and choppy price outlook. Team-linked wallets for World Liberty Financial ($WLFI), the DeFi project associated with the Trump family, have burned 100 million $WLFI tokens over the past 19 hours, worth roughly $6.68 million, according to on-chain monitoring flagged by analyst Yu Jin on X. Yu Jin reported that “$WLFI team-related addresses (founders/team members/advisors/partners) have burned 100M $WLFI in the past 19 hours, worth $6.68M,” noting that four such addresses first sent 1 billion $WLFI into the project’s…

Senate Banking Committee members face scorecard pressure as Stand With Crypto plans to score recorded CLARITY Act markup votes. The group says it represents more than 2.9 million U.S. advocates. Key Takeaways: Senators face recorded-vote scrutiny tied to the CLARITY Act markup. Stand With Crypto says it represents more than 2.9 million U.S. advocates. Committee action could advance digital asset market structure legislation. Senate Banking Markup Puts CLARITY Act Scorecard in Focus Senate Banking Committee members face new scorecard pressure ahead of the May 14 CLARITY Act markup. Digital asset advocacy group Stand With Crypto (SWC) said on May 11…

Soluna (NASDAQ: SLNH) Holdings has acquired full ownership of another portion of its flagship Texas campus, continuing a broader effort to transform a bitcoin mining complex into an AI and high-performance computing site backed by owned renewable energy. This article first appeared in The Energy Mag. The original article can be viewed here. The Energy Mag (formerly The Miner Mag) provides news, data, and insights on the energy–compute–markets nexus. The company said Tuesday it purchased the remaining 49% equity interest in Project Dorothy 1B from Navitas Global for about $8.8 million, giving Soluna complete ownership of the 25-megawatt facility in…

Bitcoin BTC$71,021.58 has likely found its bottom and is primed for further gains, Wall Street broker Bernstein said in a Tuesday note to clients, reiterating its $150,000 year-end price target. “We believe Bitcoin has found its trough and is now heading higher,” wrote analysts led by Gautam Chhugani. The world’s largest cryptocurrency was trading around $71,000 at publication time. The broker also maintained its bullish view on bitcoin treasury company Strategy (MSTR), calling it a high-beta proxy for bitcoin with a “resilient, liquid and pressure-tested” balance sheet. The firm, led by Executive Chairman Michael Saylor, holds roughly 3.6% of the…

Ethereum’s price trajectory is increasingly tied to institutional capital flows into spot ETFs, but a new headwind is emerging from the traditional bond market. According to Markus Thielen, CEO of 10x Research, the rising yield on U.S. 10-year Treasury notes is eroding the relative attractiveness of $ETH staking, potentially keeping the cryptocurrency’s price locked in a narrow range. Bond Yields vs. Staking Yields: A Growing Gap Thielen’s analysis highlights a strong correlation over the past year between Ethereum’s price and the 30-day moving average of daily net inflows into its spot ETFs. This link positions institutional capital flows as a…

In today’s newsletter, Vincent Chok from First Digital unpacks the rise of “agentic finance,” where AI agents are moving beyond advice to execute financial transactions, making crypto the essential financial backend for this machine-driven economy. Then, in “Ask an Expert,” we posed two questions to three leading AI systems — Grok, Gemini, and Claude — about AI payment use cases and the necessary steps for scalability. Note: Responses were generated by AI assistants and reflect each model’s perspective. They should not be construed as financial or legal advice. – Sarah Morton AI agents in crypto: what advisors need to know…

Coinbase now lets users borrow up to $100K against $SOL via Morpho on Base, turning Solana into its third major collateral pillar as the token eyes a retest of $200. Coinbase has expanded its on-chain crypto lending product to include Solana as collateral, allowing users to borrow up to $100,000 against $SOL holdings through an integration with the Morpho lending protocol on the Base network, according to reporting by The Block. Coinbase bets on $SOL as its third major collateral pillar The product previously supported Bitcoin and Ethereum as collateral assets, and the $SOL ($SOL) addition marks the first time…