Author: NBTC

Ethereum remained under pressure on June 12 as geopolitical risk, ETF outflows, and weak technical structure kept $ETH close to key support. Ethereum traded at $1,652.70, down 0.4% over 24 hours, according to crypto.news market data. The token recorded $12.28 billion in daily trading volume, while its market cap stood near $199.23 billion. $ETH traded between $1,632.77 and $1,687.85 during the latest 24-hour period. The token was also down 4.91% over seven days, showing that short-term weakness remains in place. The current move follows a sharp June drawdown across the crypto market. Ethereum recently touched the $1,500 area after losing…

Trump’s second Mar‑a‑Lago $TRUMP memecoin gala goes ahead as the token crashes, turning “exclusive” on‑chain access into a cut‑rate lesson in political token risk. The second annual Trump memecoin conference at Mar-a-Lago proceeded on April 25 even as the president’s flagship $TRUMP token languished near record lows around $2.83, roughly 80% below where it traded during last year’s event, according to the New York Times. Despite the drawdown, hundreds of top token holders still traveled to Palm Beach for a mix of speeches, merch, and photo ops with Donald Trump. This year’s gala, hosted at Trump’s Mar-a-Lago resort in Florida,…

Hyperliquid’s share of all exchange perpetual volume has hit a new high, pushing past the 7% mark since inception and reaching 7.6% as of June 8, according to The Block. While the field is still dominated by tier 1 centralized exchanges like Binance, Bybit and OKX, the DEX platform is certainly in an uptrend in this regard ever since December. The timing itself is more significant than the figure. Total crypto market cap is down nearly 26% year to date and the sell off has only accelerated over the past week with Bitcoin testing new yearly lows of $59k on…

Bitcoin is trading near a key short-term zone as analysts track both wave support and CME gap levels. The charts show $BTC stuck below stronger resistance, while $76,527 remains the main level that could decide whether the current recovery setup survives. Bitcoin Price Faces Key $76,527 Support as $BTC Tests Short Term Wave Setup Bitcoin is trying to hold support near the $79,000 area, but the chart shared by More Crypto Online shows that $BTC may still face more downside before a clear wave (2) bottom forms. The BTCUSD 15-minute chart places Bitcoin around $79,052. Price has already moved below…

U.S. spot Ethereum ETFs ended June 12 with $4.95 million in daily net outflows. Total trading value reached $483.85 million, while net assets stood at $9.16 billion. The funds accounted for 4.56% of Ethereum’s market capitalization after the latest update. Ethereum ETF losses deepen as ETHA and FETH lead daily outflows Tracking the trend of each Ethereum ETF, the recent update indicates that BlackRock’s ETHA led the group by net assets and trading activity. ETHA held $4.75 billion in net assets, equal to a 2.36% Ethereum share. The fund recorded $4.53 million in daily net outflow and 2,720 $ETH in…

Cardano Foundation, a Swiss-based, non-profit organization that acts as the legal custodian, is pleased to highlight its role in building institutional-grade blockchain standards for financial markets. This is the groundbreaking development in the area of crypto is the biggest move ever. The main purpose is to provide financial institutions with a clear framework for managing blockchain infrastructure risks in capital markets. Phase 2 of the Capital Markets Risk Mitigation Framework is now live, and the Cardano Foundation is proud to have contributed.Developed with @GBBC_io and a broad set of industry contributors, it expands to Layer 2, reflecting how institutional blockchain…

Nado, a decentralized exchange (DEX) built on the Ink Chain central limit order book (CLOB), has launched an integrated margin system that allows users to leverage U.S. stock tokens as collateral. The system, announced this week, introduces SPYx (a token tracking the S&P 500) and QQQx (a token tracking the Nasdaq 100) as margin assets for perpetual futures trading. How the Integrated Margin System Works Users can deposit SPYx or QQQx tokens into a single Nado account and use them as collateral to open perpetual futures positions across multiple asset classes, including cryptocurrencies, forex, commodities, and stocks. All positions are…

It is a tough week for the cryptocurrency market as Bitcoin failed to move past the $82,600 resistance level. The leading cryptocurrency by market cap is currently trading below $80,000, following three straight days of losses so far this week. The crypto market sentiment is losing risk appetite amid a bullish positional wipeout in the derivatives market. Volatility surge weighs down crypto bulls Bitcoin is down by nearly 2% in the last 24 hours and is now trading below $80,000, triggering forced liquidations of highly leveraged bullish positions in the futures market. This prompted a risk-off sentiment shift. According to…

Decentralized finance protocol Abracadabra.money has moved to stabilize its algorithmic stablecoin, Magic Internet Money (MIM), by injecting $100,000 into its primary liquidity pool on Curve Finance. The injection, composed of MIM alongside $USDT and $USDC, comes as MIM continues to trade significantly below its intended $1 peg. Addressing a sudden liquidity drain The protocol announced the move on X, stating the capital injection is intended to restore balance to the Curve pool after an unexpected liquidity drain. This drain was triggered by a recent shift in Abracadabra’s DeFi incentive strategy, which altered the reward structure for liquidity providers. According to…

After multiple weeks of extreme caution from Ethereum’s large holders and high-profile investors, it appears that the asset is beginning to attract renewed interest from its large holders. Popular crypto analyst Ali Martinez has shared data revealing that Ethereum whale activity has soared significantly as about half a billion $ETH tokens have been purchased in the last week. Ethereum whales are buying Per data from the analyst, Ethereum whales have withdrawn nearly 500 million $ETH tokens from exchanges in the last seven days. Following Ethereum’s trading price in the previous week, this means that about $800 million worth of $ETH…