Author: NBTC
Ethereum Liquidations Fuel Short-Term Rebound Over $155 million worth of short positions were wiped out in the past four hours, signaling aggressive market liquidations across major exchanges. Ethereum ($ETH) led the rebound with over $8.7 million in short liquidations, followed closely by $Bitcoin and $Solana. According to the heatmap, bearish traders are “getting rekt” as Ethereum price sharply recovered toward $3,380, erasing part of this week’s heavy losses. Technical Analysis: ETHUSD Chart Breakdown The ETHUSD chart shows Ethereum’s price stabilizing around $3,380, forming a potential short-term bottom. ETH managed to defend the 200-day Simple Moving Average (SMA) near $3,397, a…
The Bank for International Settlements (BIS) warned about the risks of stablecoin yield products. The addition of yield blurs the line between payment tools and investments, the organization warned. The Bank for International Settlements (BIS) issued warnings on the expansion of stablecoin yield products. The organization noted the current trend of stablecoin adoption, but warned about yield-based apps and products. As Cryptopolitan reported, the BIS has been critical of stablecoins in the past, alongside a generally negative stance on crypto. “These practices may blur the lines between payment instruments and investment products. They may compete with bank deposits but are…
Big banks in the U.S. are not staying quiet anymore. They’re calling out crypto firms for trying to sneak into the regulated financial world using national trust-bank charters, and they’re pissed. Two trade group giants, the Bank Policy Institute (BPI) and Independent Community Bankers of America, just told the Office of the Comptroller of the Currency (OCC) to kill Coinbase’s bid for one of these charters. And it’s not just about Coinbase. The BPI already shot off letters on October 31 opposing similar moves from Ripple, Circle, Paxos, and a few more. This isn’t some turf war over licenses. It’s…
Gemini has added XRP perpetual contracts to its European derivatives platform, which is the first time the American exchange has offered leveraged XRP products to EU-based users through its Malta-registered entity. The new listing lets traders go long or short on XRP with up to 100x leverage, settled in USDC and with no fixed expiration dates. Gemini Intergalactic EU Artemis, Ltd., is the one selling the products, and they are authorized by the Malta Financial Services Authority (MFSA). The company said that there are geographic and availability restrictions, and risk disclosures say that these instruments are high-volatility derivatives that are…
Humanity Protocol, an on-chain digital identity platform, will integrate Mastercard’s open finance payment system. The new feature will roll out for US holders first, later aiming at global adoption. Humanity Protocol will launch its on-chain digital identity in partnership with Mastercard’s open finance platform. Its Human ID will roll out for US clients first, later aiming for global expansion for open finance. The protocol aims to expand to credit, loans, and other financial services. Humanity Protocol previously hinted at the notable partnership with Mastercard’s platform for open finance. It uses Ethereum for its on-chain Web3 identity. Some partnerships make sense.…
Bit Digital now holds 153,546 ETH, a massive bet positioning the public company as a cornerstone of the institutional digital asset landscape far beyond its mining origins. Summary Bit Digital boosted its Ethereum holdings to 153,546 ETH, valued at $590.5 million as of October 31. Around 86% of its ETH is staked, generating yield as the company pivots from Bitcoin mining to Ethereum-native finance. In a press release dated Nov. 7, Nasdaq-listed Bit Digital announced that its Ethereum (ETH) treasury had grown to approximately 153,547 ETH, valued at about $590.5 million as of October 31. The company said it acquired…
The sports industry is in a state of shock following the arrest of more than 30 people involved with the National Basketball Association (NBA). The investigation, described as “mind-boggling” by the FBI Director Kash Patel, has spanned 11 states and involves millions of dollars allegedly made through illegal betting and game rigging during the 2023–2024 season. According to the prosecutors, the scheme involved insider information and organized crime activity, damaging the reputation of the league on multiple fronts. Given the scope of the problem, the question for investors with exposure to the sports industry is simple: What stocks to watch…
A federal appeals court has rejected a Florida man’s attempt to recover more than $354 million worth of Bitcoin he claimed was lost when authorities destroyed a hard drive seized during his 2019 arrest for counterfeiting and identity theft. In a ruling published Tuesday, the Eleventh Circuit upheld a lower court’s decision denying Michael Prime’s motion for the return of property, saying he waited too long to make his claim and that the delay left the government unable to return the destroyed hard drive. “For years, Prime denied that he had much Bitcoin at all. And Bitcoin was not on…
The highest-revenue projects in the cryptocurrency market in the last 30 days have been announced. Tether topped the list of revenues, followed by Tron and Circle. These revenues, calculated from on-chain activities, stablecoin issuances, and decentralized exchange fees, also reflect industry-wide user and transaction activity. Here are the cryptocurrency projects that generated the most revenue in the last 30 days and the change in their revenue compared to the previous month: Tether (USDT) – $437.4 million (-2.1%) Tron (TRX) – $227 million (-2.2%) Circle (USDC, EUROC, USYC) – $222.5 million (+0.6%) Hyperliquid (HYPE) – $104.3 million (+8.0%) PancakeSwap (CAKE) –…
Tokenizing collateral and moving it instantly across borders is no longer a theory, it’s happening. But at a panel discussion at the SmartCon conference in New York on Wednesday, executives from Citi, DTCC and Taurus warned that while the technology has caught up, regulation hasn’t. Ryan Rugg, global head of digital assets at Citi Treasury and Trade Solutions, said the bank’s tokenized cash system is live in the U.S., U.K., Hong Kong and Singapore. Known as Citi Token Services, the platform is already moving billions in real client transactions, supporting everything from supply chain payments to capital markets settlements. “It’s…