Author: NBTC

Ethereum trades at $2,256 on May 15, down 5.5% in three days, as Santiment flags $74.58M in realized profits from wallets that bought during February’s sub-$2,000 lows and are now distributing into the dip while they still can. $ETH Daily Chart: Lower Wedge Rail Is the Only Thing Holding This Together Ethereum Daily Price Action (Source: TradingView) $ETH price is pressing the lower rail of the rising wedge near $2,236, the line that has defined $ETH’s recovery since the February low at $1,800. The 20 EMA at $2,300 and 50 EMA at $2,273 have both flipped back above price after…

Western Union (WU) is preparing to roll out a stablecoin strategy that could reshape how the 175-year-old money-transfer company settles payments across its global network. CEO Devin McGranahan said on the company’s first-quarter earnings call that Western Union’s U.S. dollar stablecoin (USDPT) is in the final stages of readiness and is expected to launch next month. The firm announced in October that the digital dollar will run on Solana (SOL) and will be issued with federally chartered crypto bank Anchorage Digital. Western Union plans to use the stablecoin first as an alternative to the interbank settlement rails it uses today…

Blockchain wallets holding at least 10 million $XRP now control more than 60% of the token’s circulating supply, reaching their highest level since May 2018. On-chain analytics platform Santiment highlighted a growing accumulation trend among $XRP’s largest holders as the asset approaches the psychological $1.50 price level. Key Points The number of $XRP Ledger wallets holding at least 10 million $XRP has climbed to its highest level in eight years. These whale addresses collectively control 45.83 billion $XRP, representing more than 74% of the token’s circulating supply. According to Santiment, the ongoing accumulation trend is one of the major factors…

Just 4% of surveyed Americans say they would weigh a political candidate’s stance on crypto policy in deciding who to vote for. Affordable housing, consumer fraud protection and lower bank fees were the top three issues respondents said they wanted Congress to tackle, according to a survey of 2,035 US adults released on Wednesday by POLITICO and conducted by polling firm Public First. Just 18% of respondents considered establishing rules for the crypto market a top priority for Congress, just one percentage point ahead of regulating large banks. The results show a divide between the average American voter’s top priorities…

MoonPay has launched Headless Onramps, a crypto checkout platform that lets wallets, exchanges, and apps offer one-tap crypto purchases through Apple Pay, Google Pay, and cards. The product is available across the US, the European Economic Area, and more than 100 countries, with launch partners including Moonshot, Bitcoin.com, Bread, and Trust Wallet. MoonPay said the platform is designed to give partners a fully embedded checkout experience while it manages payment rails, compliance, and identity verification in the background. The launch marks a shift from MoonPay’s existing onramp widget, which gave partners a hosted checkout flow under MoonPay’s brand. Headless Onramps…

One thing that has stood out about Bitcoin is how different the recent bull cycle was from other bull cycles. For example, even after the Bitcoin price surged to new all-time highs, the altcoins never followed, and therefore, there was no explosive altcoin season as many expected. Following this deviation, crypto analyst Swallow Academy has purported that the digital asset is likely to keep deviating, and that would mean that it has now entered another bear market cycle. Why Bitcoin Price Is Headed Below $30,000 The chart shared on the TradingView website by the crypto analyst points to the fact…

Aave users are now able to borrow against wrapped Ether on the decentralized finance protocol again, as the Kelp DAO exploit recovery plan continues to progress. Aave founder Stani Kulechov said in an X post Sunday that the protocol restored loan-to-value (LTV) ratios for wrapped Ether (WETH) to pre-incident levels across all affected networks: Aave V3 Ethereum Core, Ethereum Prime, Arbitrum, Base, Mantle and Linea. “The next step in the rsETH technical recovery plan has been completed with the restoration of WETH LTVs to their pre-incident levels across all affected networks. Users can now once again borrow against WETH on…

Market analysts say Ether ($ETH) faces “downside risks” that could trigger another 20% downtrend toward $1,700, new analysis said. Key takeaways: Rising Ether supply on exchanges and declining ETF inflows suggested a possible $ETH price drop over the coming days. Ether’s rising wedge pattern projected a potential 22% drop to $1,725 $ETH inflows to exchanges rise Ether’s 40% recovery from multi-month lows below $1,800 was dampened by resistance from the $2,400 level. Analysts have outlined several reasons for Ether’s inability to break $2,400, including “significant” inflows into exchanges, according to CryptoQuant analyst BorisD. The chart below shows a sharp increase…

The Nasdaq 100 and the QQQ ETFs are in a strong bull run and trading at a record high as investors embrace a risk-on sentiment amid the ongoing ceasefire between the United States and Iran. They have soared in the last four consecutive weeks and are now hovering at their all-time highs. This article explores some of the top catalysts for the index and its top ETFs. Nasdaq 100 in focus ahead of big-tech earnings The Nasdaq 100 Index and its ETFs, which track the biggest technology companies in the US, will be in focus as they publish their results.…

Cardano founder Charles Hoskinson recently revealed how the project plans to address the long-term risks posed by quantum computing. Speaking in an interview on Gokhshtein News Network, Hoskinson indicated that Cardano is proactively addressing concerns surrounding quantum computing before they become an immediate threat. Although experts believe practical quantum threats remain years away, several blockchain projects, including Cardano, have already started researching quantum-resistant alternatives. Key Points Charles Hoskinson revealed that Cardano is proactively preparing for the potential long-term risks posed by quantum computing. Hoskinson said the network is currently voting on a dedicated quantum strategy, with a research proposal centered…