Author: NBTC

Bitcoin has declined by about 50% this market cycle, far less than in previous cycles, Fidelity Digital Assets said, adding this trend could continue over time. Bitcoin’s post-all-time-high drawdowns have historically been steep, at about 80% to 90%, but this cycle has been about 50%, Fidelity Digital Assets research analyst Zack Wainwright said Tuesday. One can see the “diminishing returns” that have developed from cycle to cycle when looking at Bitcoin’s price performance from the perspective of the previous all-time high, he said. “Each cycle has been less dramatic to the upside than the previous,” he said. “Downside risk has…

Ethereum is trading in a narrow range, but derivatives positioning suggests the market is far from calm underneath. CoinGlass data shows roughly $874 million in long positions face liquidation below $2,206, while $403 million in shorts face liquidation above $2,412. The 24-hour realized liquidation picture skews bullish. Total forced closures reached approximately $33 million, with shorts accounting for $25.93 million and longs only $7 million, per CoinGlass. Ethereum liquidation heatmap showing concentrated leverage clusters around current price | Source: Coinglass Whales bought 140,000 $ETH while price held Santiment data shows large holders accumulated more than 140,000 $ETH between May 1…

It’s 2026 and we’re already seeing AI agents transition from passive assistants to active task executioners. Your next trade might come from a bot, not from your clicks, according to Vibhu Norby, who leads product strategy and AI adoption at Solana Foundation. “99.99% of all onchain transactions in 2 years will be driven by agents, bots, and LLM-based wallets and trading products,” Norby wrote on X on Wednesday. The UI is disappearing into language.” On Solana, AI agents are already making millions of transactions, mostly for small, pay-per-use digital services. This highlights a shift toward automated, programmatic payments in a…

Lawsuits continue to plague the cryptocurrency world. Most recently, an anonymous cryptocurrency whale has filed a lawsuit against Coinbase. According to The Block, an anonymous crypto whale has sued Coinbase for allegedly failing to return frozen funds related to a 2024 cryptocurrency hack. The plaintiff, identified only as “DB,” filed a lawsuit on Monday against both Coinbase and the alleged thief, “John Doe.” Although details of the case have not been released, it appears to be related to a $55 million $DAI phishing attack that occurred in August 2024. Anonymous whale “DB” became a victim of a phishing scam on…

Pi Network co-founder Dr. Chengdiao Fan is set to speak at Consensus 2026 in Miami on May 6, delivering a session titled “Aligning Web3, AI, and Blockchain for Utility” at the Convergence Stage, six days before Protocol 23 brings full smart contracts to the Pi blockchain on May 11. Pi Network’s official X account confirmed that Dr. Fan will speak May 6 from 11:15 to 11:35 AM EDT at the Convergence Stage. Her presentation argues that as AI lowers the barriers to building products, competition increasingly centres on authentic human data, verified user acquisition, and trusted participation. This is the…

Bitcoin ($BTC) entered a bear market after hitting a new record high of over $126,000 in early October. The price has fallen by approximately 50% since October, and analysts still predict that the bottom has not yet been reached. While September and October are currently being indicated as the bottom for Bitcoin, $BTC recorded its first monthly gain since September of last year in March, rising 2.2% after a long period. Bitcoin’s price is currently trading around $69,000, up 2.3% in the last 24 hours. However, April, generally known as a bull month, started green for Bitcoin, so let’s look…

Ethereum ended April on a solid note, posting a 7.3% gain and marking its second consecutive green month. This steady recovery is now drawing attention to May, historically one of Ethereum’s strongest months. In 2024, $ETH surged 25%, followed by an even sharper 41% rally in 2025. Resistance at $2,375 According to crypto analyst Ali Martinez, Ethereum is currently testing the top of its channel near $2,375, a level that has repeatedly acted as strong resistance. In previous attempts, $ETH has been rejected from this zone, pulling the price back toward lower support levels. If history repeats, a failure here…

Prediction market platforms Kalshi and Polymarket are exploring fundraising rounds that could value each company near $20 billion, according to a Wall Street Journal report. Both companies have recently held early discussions with potential investors about new funding rounds, according to people familiar with the matter. Each platform was last valued at roughly half that amount late last year. The talks remain preliminary and may not lead to deals, and there is no guarantee either company will secure that valuation as scrutiny around prediction markets increases. Kalshi already operates in the United States, offering markets on topics ranging from sports…

In a significant move for the Solana ecosystem, the Sonic SVM (Solana Virtual Machine) layer-2 network has strategically acquired ForgeX, a prominent developer of on-chain market-making tools. Announced via a post on the social platform X, this acquisition includes the immediate open-sourcing of ForgeX’s core command-line interface product. Consequently, this development promises to democratize advanced trading infrastructure for developers across the decentralized finance landscape. Sonic SVM Acquisition Reshapes Solana Developer Tools The Sonic SVM network finalized its acquisition of ForgeX on April 2, 2025. This transaction represents a strategic consolidation within the Solana blockchain’s expanding infrastructure layer. Sonic SVM, itself…

A major breakthrough for crypto regulation in the U.S. may be just weeks away. Senator Bernie Moreno has signaled that the long-awaited Digital Asset Market Clarity Act could be signed into law before July 4. With growing political support, industry backing, and rising market confidence, the bill is now closer than ever to becoming a reality. Clarity Act Moves Closer to Final Approval Speaking at the Solana Accelerate event, Senator Bernie Moreno said the Digital Asset Market Clarity Act is now nearing its final stages. Moreno confirmed strong progress on the bill, stating, “we passed the GENIUS Act, next week…