Author: NBTC

Bitcoin is testing a months-long descending resistance line near $64,000-$65,000 after two earlier rejections, putting the next daily close in focus. At the same time, a separate weekly chart outlines a deeper downside scenario toward roughly $52,000-$55,000 before any larger recovery, making support and breakout confirmation the key signals to watch. Bitcoin Tests Descending Trendline After Two Earlier Rejections Bitcoin is testing a long-running descending resistance line that has already rejected price twice, putting the latest move near $64,765 at an important technical decision point. Bitcoin Daily Chart. Source: Ali Charts (@alicharts) on X The daily chart shared by Ali…

Hayden Adams, founder of the decentralized exchange Uniswap, said on social media that automated market makers (AMMs) could gain a competitive edge over traditional market makers as the tokenization of real-world assets continues to expand. In a post on X, Adams explained that tokenized assets can trade directly against not only the dollar but also against other assets with similar price movements. How Correlated Asset Pairs Lower AMM Costs Adams argued that grouping highly correlated assets in this way reduces price volatility risk for liquidity providers, which in turn lowers the cost of supplying liquidity through AMMs. By contrast, traditional…

Situational Awareness, the hedge fund founded in 2024 by ex-OpenAI researcher Leopold Aschenbrenner, has approached investors and lenders for fresh capital after suffering heavy losses in the recent artificial intelligence stock sell-off, the Financial Times reported Thursday. The fund, which the Wall Street Journal said had around $20 billion in assets under management as of June 8, has also offered some investors the option to buy portfolio assets, according to the FT, citing people briefed on the discussions and a July 24 investor letter. The size of the losses and amount sought were not disclosed. Aschenbrenner’s fund had gained 439%…

The $ADA community has reacted strongly after Intersect confirmed that responsibility for delivering Cardano’s presence at TOKEN2049 Singapore will shift from EMURGO to the Cardano Foundation. The decision has sparked a governance debate across the Cardano ecosystem, with several community members arguing that the transfer bypasses the treasury governance process approved by Delegated Representatives (DReps). Intersect Explains Why the Cardano Foundation Will Lead TOKEN2049 In a recent announcement, Intersect revealed that EMURGO has been focusing its resources on managing the aftermath of the SecondFi incident. Consequently, the company informed Intersect that it could no longer allocate the personnel required to…

Real World Assets that are actively deployed inside DeFi protocols are on the verge of reaching $4 billion. As of August 18, DefiLlama shows this number is at $3.98 billion. This same number stood at $650.88 million just a year ago and around $12 million three years ago. That is a 6x in twelve months and a staggering over 300x in three years. Source: DefiLlama What makes this number useful is actually what it excludes. DefiLlama only counts a tokenized asset here when it is put to use onchain. Collateral posted in a lending market qualifies. So does liquidity in…

The US GDP and inflation data releasing Thursday carry more weight than usual. With the Federal Reserve locked in a tense standoff over rates, three dissenting members calling for hikes, and the Middle East crisis pushing oil prices higher, the numbers landing at 13:30 GMT could either validate the Fed’s cautious stance or crack it open entirely. Key takeaways The US Bureau of Economic Analysis releases its preliminary Q2 GDP estimate Thursday at 13:30 GMT, with analysts expecting 2.1% annualized growth. The Federal Reserve’s preferred inflation gauge, the Personal Consumption Expenditures (PCE), and the GDP Price Index will be published…

The Cardano Foundation has joined the newly launched x402 Foundation as an Associate Member, strengthening Cardano’s position in the next generation of internet-native digital payments. The announcement places the Cardano ecosystem alongside some of the world’s largest technology, payment, and blockchain organizations as they collaborate to develop an open standard for machine-to-machine and AI-powered transactions across the internet. Cardano Foundation Becomes Part of the x402 Ecosystem According to the Linux Foundation, the Cardano Foundation is now an Associate Member of the x402 Foundation. It joins an expanding group of industry leaders that includes Ripple, the Solana Foundation, Coinbase, American Express,…

Blockchain analytics company Chainalysis has sued the United States government over an Immigration and Customs Enforcement (ICE) decision to award a sole-source contract to competitor TRM Labs. On July 27, Chainalysis Government Solutions filed the challenge in the US Court of Federal Claims. The relevant motion became publicly accessible through CourtListener’s RECAP archive on Sunday. A federal award notice values the contract at about $94.6 million and says it covers forensic software and support services for Homeland Security Task Force investigations. The one-year award runs from July 1, 2026, through June 30, 2027. Chainalysis alleged that ICE’s decision was “arbitrary,…

Uniswap, one of the largest decentralized exchanges, is set to broaden its liquidity provision to Circle’s Layer 1 blockchain, Arc. The move signals deeper integration between major DeFi protocols and stablecoin infrastructure, potentially reshaping how liquidity flows across chains. What Does This Expansion Mean for Uniswap and Arc? Uniswap’s expansion to Arc, a blockchain developed by Circle—the company behind $USDC—will allow users to trade and provide liquidity on a network designed for high-throughput and low-cost transactions. Arc aims to offer a more efficient environment for decentralized applications, and Uniswap’s presence is expected to attract significant liquidity to the network. This…

Casper, a blockchain network for decentralized applications, and Sarson Funds, an investment company focused on digital assets, announced a major upgrade of the csprUSD stablecoin. After the update, it will become the standard dollar-pegged stablecoin in the Casper ecosystem and support payments between AI agents through the x402 protocol. The launch follows the creation of the x402 Foundation under the Linux Foundation, which brings together companies including Visa, Mastercard, Google, Coinbase, Circle, Stripe, AWS, and Cloudflare. The protocol is designed to let AI agents make automatic online payments directly through standard HTTP requests without relying on traditional payment methods. The…