Author: NBTC
America’s largest cryptocurrency exchange reported $1.8 billion in net revenue last week, but many people were more interested in the CEO’s impromptu remarks at the end of the earnings call than the company’s financial performance. Why Is Coinbase’s CEO Meddling With Prediction Markets? What started off as lighthearted trolling quickly turned into a full-blown indictment of prediction markets, at least by some. Polymarket, which claims to be the world’s largest prediction market, called it “diabolical work,” although the comment appeared to be tongue-in-cheek. Jeff Dorman, chief investment officer (CIO) at Arca, a crypto money manager, characterized it as “crap.” (Coinbase…
Ethereum’s recent decline has drawn attention across the crypto market as the second-largest cryptocurrency struggles to recover from its 15% weekly loss. The ongoing bearish conditions have dragged ETH down to levels not seen in months. However, this sharp correction may signal the start of a recovery, as Ethereum appears to have reached the point of bearish saturation. Ethereum Enters Historic Reversal Point The 30-day MVRV ratio highlights that Ethereum has officially entered the “opportunity zone,” a range historically linked to potential reversals for the first time in five months. This zone, defined between -10% and -20%, represents periods when…
The broader market’s attention is shifting towards the anticipated release of the U.S. consumer price index report for September, but what does the market expect amid the CPI release? Summary The market anticipates the US CPI data release on Friday, October 24, 2025. A government shutdown has led to overall economic data blackout, but economists project consumer prices rose 0.4% in September. Investors expect the Federal Reserve to cut its interest rate at the next meeting. It’s been weeks since federal agencies in the United States published key economic data, including the crucial consumer price index report. That’s because of…
The Independent Community Bankers of America (ICBA) is coming out against cryptocurrency exchange Coinbase’s application for a National Trust Company Charter in the US — a move that could threaten banks’ interests as the company moves closer to traditional finance. In a Monday letter to the US Office of the Comptroller of the Currency (OCC) — the office responsible for approving banking applications — the ICBA said it “strongly opposes” Coinbase’s subsidiary applying for a trust charter. The letter cited “untested” elements related to crypto custody, as well as claims that Coinbase’s arm would “struggle to achieve and maintain profitability…
Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision. Ethereum is down -3.30% today against the US Dollar Ethereum is currently trading 11.52% below our prediction on Nov 11, 2025 Ethereum dropped -26.13% in the last month and is up 25.49% since 1 year ago ETH price is expected to rise by 10.33% in…
After President Trump pardoned CZ this morning, World Liberty Financial’s WLFI token jumped over 14%. Although the former Binance CEO seems unrelated to this Trump family venture, the rally highlights key dynamics. In essence, all these parties have become intertwined and formed a symbiotic relationship. On paper, Binance and the US President’s crypto empire can benefit from each other’s success. Binance and Trump Explained This morning, the crypto space was rocked by President Trump’s decision to pardon CZ, the former CEO of Binance. Since his former organization and the Trump family’s business interests are thoroughly entangled, this has raised community…
Key Highlights White House Press Secretary highlights Trump’s efforts to end the Biden administration’s war on the cryptocurrency industry Under the U.S. Trump administration, the U.S. has witnessed a major policy shift, establishing a pro-innovation stance through an executive order that removed restrictive policies Federal agencies like the SEC are continuously working in the direction of bringing regulatory clarity White House Press Secretary Karoline Leavitt has stated in the press briefing that U.S. President Donald Trump has “officially ended the Biden administration’s war on the cryptocurrency industry.” 💥BREAKING: WHITE HOUSE SAYS PRESIDENT TRUMP HAS “OFFICIALLY ENDED THE BIDEN ADMINISTRATION’S WAR…
Crypto exchange Bitrue has launched a major giveaway campaign for the XRP community. The campaign is offering participants a chance to earn a share of 420,000 XRP in rewards. Titled “Your Chance to 420,000 XRP,” Bitrue offers users multiple opportunities to earn the token through staking, trading, depositing, and referrals. According to the announcement, the event will conclude on November 13 at 04:00 (UTC). It aims to boost users’ engagement on the platform. It defined new users as individuals who registered on Bitrue after January 1, 2025, and have yet to make their first deposit. Additionally, the exchange reserves a…
After a few days of silence, Stables Labs has announced a “USDX Restoration Arrangement” following the depeg of its synthetic stablecoin. It stated that “due to market liquidity conditions and liquidation dynamics, the market price of USDX has experienced a deviation from its reference value. The stabilization mechanism of USDX is supported by collateralized positions and hedging strategies, which may exhibit adjustment latency under extreme market conditions.” It proposed a phased recovery framework intended to restore USDX holders to a value “referenced to 1 USD,” though it explicitly stops short of making any guarantees. A voluntary USDX recovery arrangement The…
Ether traders on social media are more optimistic after the token’s price saw a slight bump on Thursday, even as the rest of the crypto market remained fearful amid a wider downturn. The uptick in bullish comments on social media was sparked after Ether (ETH) nearly reached $3,500 on Thursday, which traders interpreted as a positive sign that the token was back on track, market intelligence platform Santiment said in an X post. On average, Santiment recorded 2.7 bullish comments for every one bearish comment on Ether, which was the highest positive bias since July. “Ethereum traders have quickly pivoted…