Author: NBTC

The Ethereum price in consolidation is poised to challenge the overhead resistance of $2,142 amid significant drop in exchange reserve. On-chain data shows that Ethereum’s supply on centralized exchanges has dropped to 12.02%, the lowest level in recent years. A notable spike in daily RSI indicators to 50% without a sustained recovery in $ETH price shows failed attempts from buyers to drive a higher rally. Ethereum, the smart contract giants, witnessed a bullish uptick of roughly 2% on Tuesday, to reach its current trading value of $2,033. Despite the intraday gain, the daily candle shows overhead supply pressure with a…

Intensa Sanpaolo reveals $96 million in Bitcoin ETF holdings. The bank also holds a major put option tied to Strategy. Smaller investments include stakes in crypto firms and a $4.3 million position in a Solana-linked ETF. Italy’s largest bank, Intesa Sanpaolo, has revealed a remarkable bet on crypto-linked investments, disclosing $96 million in spot Bitcoin ETF holdings. According to the latest regulatory filing, the exposure includes major U.S.-listed products such as the $ARK 21Shares Bitcoin ETF and the iShares Bitcoin Trust. This indicates that the traditional European financial platforms are increasingly exploring opportunities in crypto investments. In addition to ETF…

In a significant move for the Asian cryptocurrency market, South Korea’s largest digital asset exchange, Upbit, announced the listing of Internet Computer ($ICP) for trading starting at 8:00 a.m. UTC today. The exchange will support trading pairs against the South Korean won (KRW), Bitcoin ($BTC), and Tether ($USDT), providing multiple avenues for investor access. This development, confirmed on March 21, 2025, from Seoul, represents a major milestone for the Internet Computer ecosystem and underscores South Korea’s continued influence in the global digital asset landscape. Upbit $ICP Listing Details and Market Context The Upbit $ICP listing introduces three distinct trading pairs:…

Key takeaways Blockchain scalability is heavily constrained by the storage layer. Layer Zero Labs developed a storage layer capable of 3,000,000 updates per second, showcasing significant advancements in scalability. Current blockchain inefficiencies arise from node computation replication, leading to excessive costs. Layer Zero’s new blockchain, Zero, aims to reduce computation replication to enhance competitiveness. Existing blockchain solutions struggle between being too centralized or failing to scale effectively. The trend towards increased centralization in blockchain development is seen as detrimental. Decentralized, permissionless systems at scale are essential for meeting real-world demands. Transitioning from MPT to log-based databases enhances performance for verifiable…

The S&P 500 Index retreated sharply last week and erased all the gains made earlier this year despite strong corporate earnings and encouraging macro data. It dropped to a low of $6,835 on Friday, down sharply from the year-to-date high of $7,000. This article explores some of the top news to watch this week. S&P 500 Index retreated despite key positive news The S&P 500 Index and its ETFs, like SPY, VOO, and IVV, retreated even after the US published strong macro data. A report released on Wednesday showed that the economy added 130k jobs in January as the unemployment…

Key takeaways The political process has positively impacted Bitcoin by replacing ineffective regulators and halting detrimental policies. Traditional financial institutions require regulatory clarity more urgently than crypto builders to invest significantly in the sector. The current reliance on courts for regulatory clarity is ineffective and should be replaced by legislative action. Crypto is seen as a superior financial architecture essential for the future financial system. Legislation is crucial for the US to maintain its competitive edge in the global economy by providing a legal framework for crypto. Prediction markets offer more accurate forecasts than traditional polling due to larger sample…

The Department of Justice has opened a probe into whether Iran relied on Binance, the world’s leading crypto exchange, to skirt US sanctions and support militant organizations, including the Islamic Revolutionary Guard Corps and the Houthi movement, The Wall Street Journal reported Wednesday. Officials have begun reaching out to people familiar with the transactions as they gather evidence related to funds that passed through Binance and were allegedly connected to those entities. The scope of the investigation is still unclear, with officials not saying whether the exchange itself could face scrutiny or if the focus is limited to its users.…

Ethereum price hovered just above $2,000 as whales moved $ETH off exchanges. Large holder activity sees Ethereum exchange balances fall by over 74,000 $ETH this week. Bulls could eye $2,188 and potentially $2,600 amid a technical breakout. Ethereum’s price is holding near the $2,000 level, with bulls eyeing fresh moves above what many analysts see as a crucial psychological level. The top altcoin traded within a tight range on Thursday, as Bitcoin showed resilience near $70,000. However, $ETH could test recent highs above the level, with whales signaling fresh confidence through notable exchange withdrawals. $ETH whales move coins off exchanges…

Gemini Space Station Inc. (GEMI) is parting ways with three top executives, including its chief operating officer (COO), chief financial officer (CFO) and chief legal officer (CLO), the exchange disclosed in a filing on Tuesday. COO Marshall Beard, CFO Dan Chen and CLO Tyler Meade are all leaving effective immediately, according to the filing. Beard has also resigned from Gemini’s board of directors. The company said his resignation was not the result of any disagreement related to its operations, policies or practices. The stock fell more than 10% in early Tuesday trading, underperforming most of its peers. The departures come…

Key Takeaways The political process significantly influences crypto regulation. Traditional financial institutions require regulatory clarity more urgently than crypto builders. Legislative clarity for crypto is more likely to be achieved than not. Crypto is seen as a better architecture for finance, essential for future systems. A sound legal framework for crypto is crucial to prevent political hostility. Prediction markets offer more accurate forecasts than traditional polling. The CFTC is poised to play a significant role in market regulation. There is a need to distinguish between valuable and non-conducive crypto tokens. Fraud in the crypto space is still considered fraud under…