Author: NBTC

Ethereum price was stuck below the important support of $2,000 today, February 16, as it erased the gains made during the weekend. Summary Ethereum price may be at risk of falling to the key support at $1,500. It has formed a bearish pennant pattern on the daily timeframe chart. The bearish catalysts have outweighed the bullish one. Ethereum ($ETH) token was trading at $1,980, down substantially from its all-time high of $4,960. Technical analysis suggests the coin will likely drop to the key support at $1,500 before hitting the psychological $2,500 level. Ethereum price technical analysis suggests a retreat to…

Anthropic, the company behind the popular artificial intelligence chatbot Claude, is reportedly raising $10 billion and aiming for a valuation of $350 billion. Singapore’s sovereign-wealth fund, GIC, and Coatue Management plan to lead the new round of financing, The Wall Street Journal reported on Wednesday, citing people familiar with the matter. The $350 billion valuation nearly doubles Anthropic’s worth from a $183 billion valuation it had in September, which followed a $13 billion Series F round co-led by ICONIQ Capital, Fidelity Management & Research Company, and Lightspeed Venture Partners. The funding reflects continued momentum in AI investment, following 2025’s record…

In an exclusive interview with CNBC, US Treasury Secretary Scott Bessent made critical statements on a range of topics, from volatility in the cryptocurrency market to regulatory changes. Bessent criticized some firms in the industry for obstructing legal regulations and stated that the clarity law, known as the “Clarity Act,” should be enacted as soon as possible. US Treasury Secretary Scott Bessent delivered important messages about the future of the cryptocurrency market and the Trump administration’s digital asset strategy. Bessent, who considers Bitcoin a representative of the cryptocurrency market, stated that the current sharp declines in the market are consistent…

Kraken, a major US-based crypto exchange, has acquired Magna, a platform specializing in token distribution and management tools for digital asset companies, Fortune reported Wednesday. Terms of the acquisition remain undisclosed. The deal, announced today and finalized last week, is the sixth acquisition by the exchange over the past year as it prepares to go public in the US. Kraken, operating under its parent company Payward, has ramped up its acquisitions since mid-2025, starting with a $1.5 billion purchase of NinjaTrader that marked its entry into the retail futures and traditional trading space. Other deals include proprietary trading platform Breakout,…

Cysic founder Leo Fan argued that blockchain projects relying heavily on hyperscalers like Google Cloud and Microsoft’s Azure risk undermining crypto’s decentralization ethos, at Consensus Hong Kong 2026. Fan’s comments came after Cardano founder Charles Hoskinson outlined Midnight, Cardano’s privacy-focused project, and announced partnerships with companies including Google and Telegram. Midnight is scheduled to launch its mainnet at the end of March, according to Hoskinson. Hoskinson defended working with hyperscalers, arguing that no single layer-1 blockchain can handle the computational demands required for global, privacy-preserving systems. “When people spend a trillion dollars building data centers,” he said, referring to major…

X Layer, an L2 blockchain ecosystem, has announced integration with the renowned decentralized platform, Solv Protocol. The integration is set to unlock comprehensive Bitcoin ($BTC) liquidity on X Layer, providing builders and consumers with additional opportunities for activation of Bitcoin in dApps. As X Layer pointed out in its official X post, the development bridges $BTC liquidity into its ecosystem to fortify financial accessibility and innovation. Thus, the development highlights a wider vision of developing $BTC-backing finance modified for the exclusive financial era. X Layer 🤝 @SolvThis integration unlocks deeper $BTC liquidity on X Layer, giving users and builders more…

Scaling has been a structural challenge since its earliest years, as every cycle of adoption – ICOs, DeFi, NFTs – exposed the same constraint: a surge in activity mechanically led to gas fee spikes, deteriorating accessibility for end-users. During peak congestion cycles in 2021 and 2022, average transaction fees briefly pushed above $200. At those levels, Ethereum was not a global settlement network; it was a network for whales. Retail users were priced out. Simple token transfers became luxury transactions. Ethereum could not scale execution on its base layer without eroding the very property it sought to preserve: decentralization. The…

US spot $XRP exchange-traded funds (ETFs) recorded their first net outflow day since launch, with about $40.8 million exiting the products on Wednesday, ending a multi-week streak of uninterrupted inflows. SoSoValue data shows that the pullback marked the first daily reversal after $XRP ($XRP) ETFs had steadily accumulated assets since mid-November 2025. The outflow day also followed a strong start to the year, with the funds logging consecutive inflow days, pushing their cumulative net inflows to $1.2 billion. The red day coincided with heavy selling pressure across major crypto-linked ETFs. Farside Investors data shows that spot Bitcoin ($BTC) ETFs posted…

Virginia is progressing the bill to regulate cryptocurrency ATM kiosks across the state. According to reports, the legislation has passed both the state Senate and House and has now been moved to the governor’s desk. If signed, the bill would create rules for operators and add a new layer of consumer protection against scams. In addition, the legislation is expected to include other licensing and reporting requirements that would help residents carry out transactions safely across Virginia. The legislation will also prevent operators of the kiosk from marketing them as ATMs or using language that recognizes them as ATMs. Other…

Modern Treasury, a payments operations software provider that helps companies manage and reconcile money movement, has introduced an integrated payment service provider (PSP) that supports both traditional fiat rails and stablecoins. On Wednesday, the company announced that it has added stablecoin settlement to the same infrastructure that businesses already use for ACH transfers, wire payments and real-time payment networks. At launch, the platform supports Global Dollar (USDG), Pax Dollar (USDP) and $USDC ($USDC), with USDt (USDT) expected to be added in the future. Modern Treasure acquired stablecoin and fiat payment platform Beam in October. The company has partnered with Paxos…