Author: NBTC

The sharp decline in the cryptocurrency market has caused a significant decline in the fortune of Ethereum founder Vitalik Buterin. According to on-chain data, Buterin lost approximately $79 million in the last 24 hours alone. The price of Ethereum has fallen by 11.79% in the last 24 hours, falling to $3,172. While the overall market cap has shrunk due to Bitcoin’s decline, Ethereum has also faced selling pressure from investors. Vitalik Buterin’s total ETH portfolio stands at approximately 241,000 ETH, some of which is held collateralized through the Aave protocol. Buterin’s 2,919 AETHWETH holdings on Aave are worth approximately $9.45…

Nearly half of Russian citizens consider the digital ruble merely a tool for government control over their finances, and almost as many fear the new form of national fiat will hurt financial freedom, in general. Regular crypto usage is still relatively limited in Russia, which has yet to regulate it, although a fifth of the respondents in a new survey admit to having tried decentralized digital money at least several times. Russians remain wary of the digital ruble Almost half of the participants in a Russian poll (47%) believe the main purpose behind introducing a digital ruble is to allow…

Merlin Chain, a well-known Bitcoin-anchored L2 network for smart-contract capability, has announced a robust mainnet upgrade. The purpose of this exclusive mainnet upgrade is to improve Merlin Chain’s ZK verification. As Merlin Chain revealed in its official X post, the development will target the advancement of Zero-Knowledge (ZK) verification structure, validator nodes, and sequencer nodes. Hence, the goal of this move is to delve into a ZK verification infrastructure directly connected to Bitcoin Mainnet. ⚠️ Mainnet Upgrade NoticeMerlin Chain will undergo a comprehensive upgrade of the ZK infrastructure, Sequencer nodes, and internal validator nodes to explore a ZK verification architecture…

The Ethereum price gives a breakdown below the bottom trendline of the expanding channel pattern of the daily chart. Tuesday’s sell-off in the crypto market triggered a total liquidation of $1.99 billion across 450,642 traders, according to Coinglass data. The spot Ethereum ETFs in the U.S. saw consistent outflows over the past four days. ETH’s fear and greed down to 28% accentuates a bearish sentiment among crypto participants. Ethereum, the second-largest cryptocurrency by market capitalization, plunged over 13% during Tuesday’s U.S. market hours to trade at $3,057, its lowest since mid-July. The selling pressure is widely spread across the crypto…

A new article shared by 吴说区块链 (@wublockchain12) breaks down the future potential of blockchain in depth. Authored by Lightning Huang Shiliang (streak lightning yellow world bright) the piece “How Much Room Does Blockchain Have to Grow?” A Fundamental Needs Analysis” looks at the driving force behind every major industry – its “kernel. Huang said this kernel is not a product or a technology. It is the most genuine demand for explosive growth of an industry. In blockchain’s first few years, that demand was focused on circumventing traditional financial systems. Financial Rebellion to Real Life Integration During the first 10 years…

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. As financial leaders gathered recently at the Sibos conference, which took place in Frankfurt, Germany, the conversation is no longer about whether crypto belongs at the table. That debate is over. The focus has shifted to how banks, networks, and platforms can adapt in a world where blockchain and digital assets are no longer fringe experiments but building blocks of the global economy. Summary The debate around crypto’s legitimacy ended — the focus has shifted to how…

Ethereum’s ether ETH$3,495.36 just tumbled more than 20% by Tuesday in a two-day rout that almost look like the October 10 crash. Trading just below $4,000 early Monday, the second-largest cryptocurrency by market cap tumbled to nearly $3,000 by Tuesday afternoon U.S. hours, touching its weakest level since mid-July. That’s the second severe correction in a month, as the October 10 flash crash took ETH to $3,440 from just shy of $4,500 a day before, a 25% nosedive. ETH was recently trading just above $3,200 after a modest bounce, still down 9.4% over the past 24 hours. The sharp drop…

Biconomy, a global cryptocurrency exchange, today announced support for the Swell network (SWELL), a growing liquid staking platform that allows users to earn passive income by staking or restaking ETH. The exchange disclosed through its social media accounts that SWELL is now listed on its platform for spot trading. This listing provides Biconomy customers access to the SWELL token, which is designed for Ethereum staking and restaking. 🚀NEW LISTING🔥 $SWELLWe are excited to announce that @swellnetworkio has been listed on https://t.co/VyXHYphRvI! The SWELL/USDT spot trading pair is now available!🔥https://t.co/g4DGc57t8zAbout #SwellNetwork：”Swell Network emerges as a decentralized, non-custodial liquid… pic.twitter.com/33FNS6Mjgc — Biconomy.com…

Ethereum price started a fresh decline below $3,550. ETH is struggling below $3,400 and might decline further if it stays below $3,500. Ethereum started another bearish wave after it failed to clear $3,650. The price is trading below $3,500 and the 100-hourly Simple Moving Average. There is a bearish trend line forming with resistance at $3,450 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it trades below $3,200. Ethereum Price Dips Sharply Ethereum price failed to stay in a positive zone and started a fresh decline below $3,550, like Bitcoin.…

The first wave of crypto ETFs allowed investors to onboard crypto assets into traditional brokerage accounts – and tax-advantaged retirement accounts. Given the long-term return potential of cryptocurrencies, that’s a win-win. But cryptos are still volatile. Last week’s $19 billion leveraged wipeout in bitcoin surpassed the wipeout at the Covid bottom in March 2020. And the FTX collapse in late 2022. Crypto ETFs Might Not Hold Good Income Potential Investors in traditional assets like the upside potential of crypto. But the downside volatility is a bit much to stomach. They want products that take some of the extreme swings out…