Author: NBTC

ZKsync Lite has stopped block production as of May 4, marking the beginning of its planned service shutdown. The ZKsync team announced this transition on X, confirming that the shutdown does not affect other chains, including ZKsync Era. Users with remaining funds on Lite can withdraw them via Ethereum Layer 1 (L1). With transactions currently halted, the Security Council is now verifying the final state root. Withdrawals will be enabled once this verification completes, a process expected to take 48 to 72 hours. ZKsync will cover the fees for the first 100,000 withdrawals. ZKsync Lite Shutdown: A Planned Transition The…

A new analysis of Bitcoin price movements in the cryptocurrency market suggests that the bottom of the current cycle could occur in the last quarter of the year. According to an assessment shared by Joao Wedson, CEO of data analytics company Alphractal, Bitcoin’s latest peak occurred 534 days after the halving. Wedson emphasized that this period is the shortest peak formation period to date, falling below the 546-day period recorded in the previous cycle. According to the analyst, the increasing shortening of peak formation periods in Bitcoin cycles is noteworthy, and this provides important clues about the timing of bottom…

Ethereum is trying to build a long term recovery pattern, but the $2,400 to $2,500 resistance zone is still blocking momentum. A breakout above that area could reopen the path toward $2,800 first, while the larger chart still points to $4,900 as the major target. Ethereum Eyes $4,900 Resistance as Chart Shows Possible Bottom Pattern Ethereum traded near $2,303 on the weekly $ETH/USDT chart shared by Ray, while price continued to recover from the trendline support area. The chart shows $ETH holding above a long rising support line that has guided major lows since 2020. Ethereum recently bounced from the…

Uncertainty around government crypto and $XRP holdings is once again in focus. Scott Melker, also known as The Wolf Of All Streets, argues that even basic details about U.S. exposure to assets like Bitcoin and $XRP remain unknown. Speaking in a recent podcast alongside Mark Yusko, Melker highlighted that despite growing speculation about a U.S. digital asset stockpile, there is still no clear data on how much $XRP, or any crypto, the government actually holds. Key Points Scott Melker says the U.S. government’s $XRP holdings remain unknown. Speculation grows over whether the government could access Ripple’s 37B $XRP escrow tokens.…

The right voices in the right rooms can reshape product, policy and hiring outcomes in crypto, three senior executives told CoinDesk’s Consensus Miami conference on Tuesday. Each cited a moment from her own organization when an outside perspective changed what was being built, argued or prioritized. Mastercard SVP for Blockchain & Digital Assets Maja Lapcevic said her company’s crypto team had initially viewed infrastructure as the key to crypto adoption, until a partner reframed the problem around usability. “We probably all thought about infrastructure to be the winning formula for crypto,” she said. “But one of our partners actually really…

The partnership is intended to tackle execution, one of the most enduring obstacles to institutional blockchain adoption. In order to bring next-generation blockchain applications into production on Canton, Kresus is currently collaborating with top international financial institutions. Today, Kresus, a blockchain infrastructure firm and Canton Network implementation partner, announced a partnership to assist businesses and organizations in various sectors in designing, developing, and implementing blockchain applications in real-world settings. The partnership will support them at every stage of the process, from initial integration to full-scale launch. The partnership is intended to tackle execution, one of the most enduring obstacles to…

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…