Author: NBTC

Ethereum price failed to continue higher above $3,000 and dipped. ETH is now showing bearish signs and might slide further below $2,880. Ethereum started a fresh decline below $3,000 and $2,980. The price is trading below $2,950 and the 100-hourly Simple Moving Average. There was a break below a rising channel with support at $2,980 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it settles below the $2,880 zone. Ethereum Price Faces Rejection Ethereum price failed to stay above the $3,000 pivot level and started a fresh decline, like Bitcoin.…

Financial authorities in Kyrgyzstan have registered a new stablecoin, USDKG, which enjoys the full support of the state in the former Soviet republic. The Central Asian nation is already home to the largest non-dollar stablecoin on the market, the Russian ruble-denominated A7A5. And the latest fiat-linked cryptocurrency to be issued there will be tied to the Greenback and underpinned with stockpiles of precious metal. USDKG to be issued in Kyrgyzstan within days Kyrgyzstan’s Ministry of Finance announced the upcoming launch of USDKG, touted as the world’s first state-sponsored stablecoin that’s fully backed by physical gold. It said the new crypto…

Ethereum price has traded almost flat over the past week, barely moving despite endless predictions. On the surface, nothing looks to be happening. But the chart and on-chain data together tell a very different story. A clean breakout structure is forming, and at the same time, selling pressure from long-term holders has collapsed. That combination is rare. If it holds, Ethereum’s next major move may already be in motion. Inverse Head-And-Shoulders Breakout Aligns With On-Chain Selling Collapse On the daily chart, Ethereum is forming a well-defined inverse head-and-shoulders reversal pattern. The structure has a relatively flat neckline near the $3,400…

CoreWeave and VAST Data have entered a partnership to build new and advanced AI infrastructure. CoreWeave intends to employ VAST Data’s operating system in the creation of advanced AI systems for its more efficient and reliable performance. Coreweave closes $1.17 billion deal VAST Data, an AI operating system (OS) company, has signed a commercial agreement worth $1.17 billion with CoreWeave, an AI-focused cloud computing provider. The agreement is one of the largest partnerships in AI infrastructure this year. CoreWeave, which powers some of the world’s most demanding artificial intelligence workloads, will continue to use the VAST AI OS to manage,…

Arthur Hayes, co-founder of BitMEX, continued to withdraw ETH from his wallet and transfer it to exchanges in December. These actions have led investors to believe he is selling ETH. The move may be part of a portfolio rebalancing plan he previously shared. This activity comes as his portfolio shows notable changes. It now holds more stablecoins and significantly less ETH. Arthur Hayes May Have Sold More Than 1,800 ETH in the Past Week A recent report from Lookonchain, an account that tracks notable on-chain activity, revealed that Hayes sold an additional 682 ETH on Binance. The transaction was valued…

Robinhood Markets delivered a strong performance in cryptocurrency trading volume in the third quarter, exceeding expectations for both revenue and profitability. The company’s total third-quarter trading revenue increased by 129% year-over-year, with crypto revenues reportedly the primary driver of this growth. With many public companies adopting digital asset treasuries this year, Robinhood executives were also asked about plans to add Bitcoin to the company treasury. Robinhood executive Shiv Verma gave a cautious response when asked, “Are you considering making Bitcoin or other digital assets part of your corporate treasury strategy?” Verma said the company values being in harmony with the…

Trend Research purchased 46,379 Ether (ETH) on Wednesday to raise its holdings to about 580,000 ETH, making it larger than most public Ethereum treasuries tracked by CoinGecko. Only two listed companies, SharpLink Gaming and BitMine Immersion Technologies, currently report bigger ETH balances, with 859,853 ETH and 4,066,062 ETH, respectively. Trend Research is not a publicly listed company and therefore does not appear in most Ethereum treasury rankings. Still, it has drawn industry attention for its rapid ETH accumulation. Trend Research is a secondary investment institution associated with LD Capital founder Jack Yi, who has been behind a series of large…

HOOD stock price was in a free fall on Thursday, even after the fintech giant published strong financial results. Summary HOOD shares dropped after the company published strong earnings. The decline was due to the weakness in the stock market. It had formed a double-top and a bearish divergence before earnings. Robinhood shares dropped after strong earnings At last check on Thursday, Robinhood shares fell to about $131, down by 8% over the past 24 hours. Its market cap currently hovers at around $117 billion, down from the all-time high of $137 billion. Robinhood stock plunged even after the company…

In a significant move for decentralized finance, the popular trading platform Robinhood has announced the listing of LDO for spot trading. This decision brings the governance token of the leading Ethereum staking protocol, Lido DAO, directly to millions of retail investors. For the first time, users can seamlessly buy, sell, and hold LDO alongside stocks and other cryptocurrencies on a single, user-friendly app. This integration marks a pivotal step in bridging the gap between traditional finance and the evolving world of DeFi. Why Did Robinhood List LDO? Robinhood’s decision to list LDO is not random. It reflects a strategic alignment…

In a move that’s turning heads across the cryptocurrency space, Trend Research has just executed a massive Ethereum purchase despite facing significant paper losses. The institutional investor, believed to be a subsidiary of LD Capital, acquired an additional 6,379 ETH worth approximately $130 million through a leveraged loan. This bold Trend Research ETH purchase strategy reveals much about institutional confidence in Ethereum’s long-term potential, even during challenging market conditions. Why Is Trend Research Doubling Down on ETH? The latest Trend Research ETH purchase represents a continuation of an accumulation strategy that began last November when Ethereum traded around $3,400. According…