Author: NBTC

Michael Burry says Tesla is way too expensive, and has been for a long time. In a post shared Sunday on his new Substack, Burry called the company’s valuation “ridiculously overvalued,” citing its sky-high 209 times forward earnings. The critique was first picked up by Business Insider and didn’t stop there. Burry took direct aim at the way Elon Musk runs the company, warning that Tesla’s shareholder dilution is spiraling. Burry explained that Tesla waters down its stock by 3.6% every year through stock-based compensation, with no stock buybacks to help support its price. He said Musk’s $1 trillion compensation…

An artificial intelligence model predicts that Ethereum (ETH) is likely to hold above the $3,000 support level by December 1. This outlook comes as ETH recovers alongside the broader market, reclaiming the $3,000 mark after days of extended losses that had raised the possibility of sustained declines below $2,000. ETH price prediction For the December 1 price prediction, Finbold consulted OpenAI’s ChatGPT, which anticipates that Ethereum will trade near $3,360, with a realistic range of $3,300 to $3,420. According to ChatGPT, recent market behavior shows Ethereum consistently attracting buyers in the $3,300 to $3,350 zone, forming a firm support base…

Ether’s price may rise nearly 7% in the near term, as subdued stablecoin yields suggest the crypto market has yet to reach overheated conditions, according to crypto sentiment platform Santiment. “Currently, yields are low, around 4%. This indicates the market has not reached a major top and could still push higher,” Santiment said in a report on Saturday, forecasting that Ether (ETH) could revisit its $3,200 resistance level soon. This represents an approximate 6.7% increase from its price of $2,991 at the time of publication according to CoinMarketCap. Ether is down 21.85% over the past 30 days. Source: CoinMarketCap Santiment…

New suspicions are emerging in the investigation into Chinese suspect Qian Zhimin, carried out both in the UK and China. While Chinese reports indicate that Qian acquired a total of 194,951 Bitcoins over the years, British authorities seized only 61,000. This bolsters claims that more than 120,000 Bitcoins are still missing. Detective Joe Lane of London’s Metropolitan Police said Qian allegedly “lost” the password to a wallet containing 20,000 BTC. The current value of these assets is approximately $1.75 billion. Qian is accused of funneling proceeds from an illegal fundraising operation in China called Lantian Gree into cryptocurrencies. Sentenced to…

Yet another long-dormant Ethereum whale has woken up from hibernation, according to data provided by Lookonchain. The wallet in question (0x2dCA…) is reportedly from an early Ethereum ICO. According to the data, the owner originally invested about $12,400 and obtained 40,000 ETH. Today, it is worth roughly $119.5 million. After more than a decade of dormancy, the wallet executed a test transfer of 5 ETH (~ $15,000) to a new address, which was rather noteworthy. Shortly after that, the remaining 39,995 ETH was moved to a different wallet (0x2602…). Blockchain history shows many similar cases of long‑dormant wallets “waking up.” Over the past several…

Hester Peirce, a commissioner of the United States Securities and Exchange Commission (SEC) and head of the SEC’s Crypto Task Force, reaffirmed the right to crypto self-custody and privacy in financial transactions. “I’m a freedom maximalist,” Peirce told The Rollup podcast on Friday, while saying that self-custody of assets is a fundamental human right. She added: “Why should I have to be forced to go through someone else to hold my assets? It baffles me that in this country, which is so premised on freedom, that would even be an issue — of course, people can hold their own assets.”…

Ethereum price has slipped in the past few months, coinciding with the ongoing crypto market crash. Summary Ethereum price has formed the bullish falling wedge pattern. The network will launch the Fusaka upgrade on Wednesday. Tom Lee’s BitMine has continued buying ETH tokens this year. Ethereum (ETH) token was trading at an important support level at $3,000 on Sunday, down by nearly 40% from its highest level this year. Still, the token has numerous catalysts that may boost its price in the coming weeks. One of the main catalysts is the upcoming Fusaka upgrade, which will happen on December 3…

Crypto majors see more green; Bitcoin at $118,800. ZCash continues to lead, soaring 50% to $140. US government shutdown pauses ETF approvals. Lighter leaves private beta, opens Perps platform to public. Polymarket eyes US return as soon as today. PNKSTR jumps 50% to $140M as other NFT Strategies boom. Crypto majors are green again continuing the shutdown rally; BTC +2% at $118,800, ETH +2% at $4,380, XRP +1% at $2.99, SOL +4% at $225. ZEC (+50%), DEXE (+30%) and SPX (+17%) led top movers. Zcash rocketed ~63% to a three-year high, as traders (and Naval) pitch privacy coin as “insurance”…

Rumors of taxing stablecoin flows in Brazil have sparked a debate between some lawmakers and the Ministry of Finance. While the ministry is preparing a normative act on the subject, lawmakers say they will oppose any such proposal. Faceoff: Stablecoin Taxation Stirs Discussion In Brazil The Facts An upcoming proposal that aims to tax stablecoin flows as remittances is brewing discord among the ranks of the Brazilian government, as the Ministry of Finance prepares to take action. According to reports from Valor Econômico, some members of the Brazilian Congress oppose this measure, which is under preparation and would be enacted…

Ethereum developers are preparing for the network’s second upgrade of 2025 to go live on the blockchain’s mainnet on Wednesday. Fusaka – a blend of the names Fulu + Osaka – consists of two upgrades happening on Ethereum’s consensus and execution layers at the same time. The goal of the upgrade is to enable Ethereum to handle the large transaction throughput from the layer-2 chains that use the blockchain as their base layer. Fusaka consists of 12 code changes, also known as “Ethereum Improvement Proposals” (EIPs) that will make the layer-2 experience faster and cheaper. The biggest change in Fusaka…