Author: NBTC

Oil and yields rise alongside Bitcoin’s slide The wider market began Monday under pressure from oil and bonds. In early Asia trading, Reuters reported Brent crude futures rising 1.6% to $106 a barrel and the yield on 30-year U.S. Treasuries edging up to about 5.51%. Asian shares made a cautious start. Reuters linked the oil rise to doubts over a U.S.-Iran truce, a development that renewed inflation concerns. Higher yields raise the return available on government debt, adding to the pressure that risk-sensitive markets were navigating. Those shifts coincided with Bitcoin’s decline. U.S. spot Bitcoin ETF flows give a narrower…

Whale Accumulates $ETH Despite Uncertainty in Market According to on-chain data, in the last few days, major whale accumulation took place during a recent pullback in $ETH price, with the price trading roughly in the $2,300 to $2,500 range. Some large wallets bought the dip, while others rotated from Bitcoin into $ETH. For instance, Lookonchain has highlighted one whale, which bought 6,010 $ETH worth approximately $14.23 million on October 15 amid the price pullback. This same wallet has previously sold 2,050 $ETH for around $4.93 million, locking in about $1.08 million in profit, then re-entered at lower levels. On October…

Token Metrics The broader crypto market is currently showing mixed signals, with various assets reacting differently to regulatory changes. The establishment of this working group could lead to more robust frameworks for stablecoins and improve market access between the UK and US, which are pivotal in the global digital asset landscape. Traders will be keenly observing how this initiative influences regulatory clarity and operational efficiencies in cross-border transactions. CryptoUK represents the interests of the UK cryptocurrency industry, advocating for fair regulatory frameworks. The Digital Chamber focuses on the promotion and protection of digital assets and blockchain technology across the United…

The Numbers The recent surge in Solana’s activity demonstrates a vibrant market environment. With its market cap at $48.1 million, the platform has attracted 85,000 wallets and facilitated substantial liquidity flows into various services. The $383 million in DEX volume highlights the increasing appeal of Solana as traders capitalize on its low-cost, high-speed infrastructure. This activity positions Solana favorably against its competitors in the evolving crypto landscape. Solana is a high-performance blockchain known for its ability to handle a large volume of transactions at low costs. As a result, it has become an attractive platform for decentralized finance applications and…

The close sat above May’s intraday high of $82,850 It was the second straight weekly close above the 50-week moving average, a trend gauge that averages the last 50 weekly closes (it sits near $78,200) The Bull Ledger Prominent bitcoin analyst Crypto Rover, took the loudest victory lap, announcing: Bitcoin just closed its first weekly candle above the May highs and its second weekly candle above the 50W moving average. Conclusion: the bear market is over. The bulls have more than one chart on their side, with $BTC advocate Scott Melker noting that U.S. spot bitcoin exchange-traded funds (ETFs) drew…

The Ethereum Foundation has highlighted the critical importance of privacy primitives in the age of artificial intelligence. According to a recent tweet by the Foundation, as reliance on AI technology increases, safeguarding personal data becomes essential to prevent censorship and surveillance. This collaboration with OpenAnonProject aims to further their commitment to privacy, ensuring that users’ digital footprints remain protected against misuse. More details can be found in their tweet. What Happened As discussions around privacy intensify, the Ethereum Foundation’s emphasis on privacy primitives resonates strongly within the crypto community. While other projects are navigating mixed signals, the focus on privacy…

Broader Implications for Crypto Accounting This development is part of a larger effort by the FASB to expand its accounting policies for cryptocurrency-related assets. In recent years, the board has addressed how companies should measure and report digital assets, moving away from treating them solely as indefinite-lived intangible assets. The new stablecoin guidance adds another layer of specificity, acknowledging the unique characteristics of stablecoins designed to maintain a stable value. For companies holding stablecoins, the change could reduce volatility in reported earnings, as cash equivalents are not subject to the same impairment testing as other crypto assets. This may encourage…

Market Pulse As of now, the market data shows no significant trading volume for SkyEcosystem, highlighting that this news is not driven by immediate price movements but rather by strategic positioning in the broader crypto ecosystem. The absence of trading activity suggests that the focus remains on the anticipated outcomes from these engagements rather than short-term market fluctuations. SkyEcosystem is an organization focused on the development of innovative financial solutions within the blockchain space. Their participation in significant events like these is crucial as they aim to engage with stakeholders who are shaping the future landscape of stablecoins and decentralized…

A New Taipei court authorized Taiwan’s communications regulator and internet registry to restrict domestic access to both platforms. The Criminal Investigation Bureau said it requested the order over suspected violations of the Public Officials Election and Recall Act. Some Coinbase users reported losing access to the website on October 14. The bureau’s reasons for seeking to impose restrictions included maintaining the integrity of elections and preventing foreign attempts to meddle in them. However, they provided no evidence suggesting that both Kalshi and Coinbase ever handled funds from China. ​The current development does not mean that either company broke the law.…

Korea’s blockchain landscape is rapidly evolving as major entities are choosing Optimism as their preferred onchain solution. According to a tweet from the commentator @Optimism, significant developments include the successful launch of GIWA by Upbit, which has recorded over 100 million testnet transactions. This trend underscores the growing reliance on Optimism for innovative blockchain applications. What Happened The broader crypto market has shown mixed signals recently, yet the enthusiasm for onchain solutions in Korea is unmistakable. With major players like Upbit’s GIWA and Toss exploring blockchain-based applications, Optimism is becoming a central figure in this movement. Notably, the MOU signed…