Author: NBTC

US President Donald Trump’s harsh statements regarding a potential war with Iran caused the price of Bitcoin ($BTC) to fall below $67,000, wiping out gains made in previous days. With this decline expected to continue, one analyst has claimed that Bitcoin could fall to $10,000. An analyst at CryptoQuant, using the pseudonym XWIN Research, claimed that in a worst-case scenario, $BTC could fall to $10,000. The analyst said the current price structure is heavily reliant on derivatives rather than spot demand. It has been noted that open interest in CME Bitcoin futures is concentrated in short-term leveraged positions of 18,000…

Aave’s deposits on MegaETH crossed $575 million on Friday as capital continued flowing into the Ethereum Layer 2 network a day after its long-awaited $MEGA token launch. The figure represents a sharp jump from the roughly $355 million in total DeFi deposits MegaETH hosted at the time of the TGE on Thursday, when Aave already accounted for the bulk of the network’s total value locked (TVL). MegaETH, which markets itself as a “real-time” blockchain capable of more than 100,000 transactions per second with sub-10 millisecond block times, launched its mainnet on Feb. 9 with Aave deployed on day one. As…

Japan will begin releasing crude oil from its strategic reserves as early as next Monday to curb potential spikes in gasoline and petroleum prices caused by Middle East conflicts and disruptions to Persian Gulf oil shipments, Prime Minister Sanae Takaichi said Wednesday. The intervention will mark the first time the nation has tapped its government oil reserves without waiting for a coordinated response from the International Energy Agency (IEA) since stockpiling began in 1978. The release will cover 15 days’ worth of reserves held by private-sector entities, followed by one month’s supply from government stockpiles. “We will flexibly review the…

VDOR, one of the memecoins traded on the Solana ecosystem, has recently attracted attention with its remarkable price movements. According to on-chain data, VDOR’s market capitalization has surpassed $15 million, registering an increase of approximately 10% in the last 24 hours. During the same period, its trading volume reached $1.9 million. According to data shared by GMGN, VDOR’s price has been exhibiting a gradual and unidirectional upward trend since March 21st. However, the data points to a striking concentration in token distribution. It is suggested that more than half of the assets held by the top 100 wallets come from…

Brazil’s central bank, Banco Central do Brasil (BCB), has barred the use of virtual assets in certain regulated international payment and transfer services, tightening rules for cross-border payment providers operating under the country’s eFX framework. On Thursday, BCB published Resolution BCB No. 561, amending existing rules for eFX, a regulated category covering international payments and transfers. The resolution states that payments or receipts between an eFX provider and its foreign counterparty must be carried out exclusively through a foreign exchange transaction or movement in a non-resident Brazilian real account, with the use of virtual assets prohibited. The restriction also applies…

Coinbase has announced the listing of perpetual futures contracts for three major semiconductor stocks: Intel (INTC), Micron (MU), and SanDisk (SNDK). Trading begins today, April 29, subject to liquidity conditions. This move bridges traditional equity markets with cryptocurrency derivatives, offering traders a new way to speculate on chipmaker performance. Coinbase Perpetual Futures: What This Means for Traders Perpetual futures are a type of derivative contract with no expiration date. Traders can hold positions indefinitely, paying or receiving funding fees based on market conditions. Coinbase adds these contracts for Intel, Micron, and SanDisk stocks. This allows users to trade price movements…

Rayls, a renowned blockchain network for banking entities, has partnered with Enzyme Finance, a popular decentralized infrastructure platform. The partnership attempts to accelerate institutional-scale yield distribution. As per Rayls’ official social media announcement, the development addresses the wider infrastructure required for the on-chain onboarding of institutional assets. So, this move denotes the significance of developing a thorough operating stack dealing with institutional assets. Institutional yield distribution needs more than vault standards alone.@enzymefinance is joining Rayls as a launch partner, adding fund infrastructure to the ecosystem across issuance, structuring, administration, NAV accounting, subscription management, and institutional fee… pic.twitter.com/HiXqS1RRNm — Rayls (@RaylsLabs)…

Bitcoin dramatic boom-and-bust cycles may be becoming a thing of the past as the asset matures, according to Ark Invest founder Cathie Wood. In an interview with CNBC, Wood said Bitcoin has evolved beyond its early experimental phase into a more reliable financial system, increasingly supported by institutional investors. This shift, she argues, is already reshaping how the market behaves. Key Points Cathie Wood says Bitcoin’s extreme historical volatility is easing as the market matures. A 50% price drop, once dramatic, is now relatively manageable in the crypto community. Despite near-term weakness, Ark Invest projects Bitcoin could reach $761,900 by…

The $292 million exploit of Kelp DAO and the subsequent fallout across crypto lending markets hit decentralized finance (DeFi) at a pivotal moment. Just as Wall Street firms pushed deeper into onchain markets, the incident has exposed how fragile parts of the system remain and how much work is left before institutions can scale their exposure. In the weeks leading up to the hack, private credit giant Apollo Global Management (APO), which oversees $900 billion, inked a strategic partnership with Morpho to support lending markets with an option to acquire governance tokens of the protocol, too. Around the same time,…

American banking giant Goldman Sachs’ trading desk has stated that hedge fund positioning in U.S. equities could set the stage for a sharp stock market rally if positive catalysts emerge. In this case, data from the bank’s prime brokerage unit shows speculative investors have largely maintained bullish positions in individual stocks. At the same time, they have increased hedges through bearish bets on exchange-traded funds and index futures. As a result, short exposure in these macro products has climbed to its highest level since September 2022. The positioning reflects heightened market uncertainty driven by the Iran war, credit concerns, and…