Author: NBTC

Ethereum price started a recovery wave above $4,175. ETH is now consolidating and might aim for more gains if it clears the $4,240 resistance. Ethereum remained stable above $4,100 and started a recovery wave. The price is trading above $4,160 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $4,120 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move up if it settles above $4,220 and $4,240. Ethereum Price Eyes Upside Break Ethereum price remained supported above the $4,050 level and started a recovery wave,…

Key Takeaways Bank of England Governor Andrew Bailey stated that stablecoins could change how the financial system operates, particularly in lending models. Stablecoins may reduce traditional banks’ reliance on deposit-based lending. Bank of England Governor Andrew Bailey suggested today that stablecoins, digital assets pegged to fiat currencies, could alter the financial system by disrupting traditional commercial lending models. Bailey indicated that stablecoins might reduce banks’ reliance on conventional deposit-based lending practices, potentially reshaping how financial institutions operate. The Bank of England has proposed caps on individual and business stablecoin holdings to address risks from sudden deposit outflows and ensure financial…

Decrypt is teaming up with Opera to bring its in-depth coverage of Web3, cryptocurrency and emerging tech to the web browser’s hundreds of millions of users. The partnership will see Decrypt’s explainers, interviews, and breaking stories distributed through Opera News, Opera Mini and Opera for Android, enabling readers to discover trustworthy Web3 journalism directly inside Opera, localized and tailored to their region and interests. “This collaboration will enable Decrypt to reach the broadest audience possible, advancing our educational mission to make Web3 accessible for all and bringing the next billion users to blockchain and crypto,” Decrypt co-founder and COO Ilan…

IREN (IREN) shares continued to rally after announcing new multi-year AI cloud service contracts with leading AI companies for NVIDIA Blackwell GPU deployments. The company remains on track to surpass $500 million in annualized run-rate revenue (ARR) by the end of Q1 2026 from 23,000 GPUs in operation or on order.Contracts covering 11,000 GPUs have already been signed, representing around $225 million in ARR expected to come online by the end of 2025. With average two-year contract terms and revenue payback periods, IREN is scaling across its British Columbia campuses and Horizon 1 and 2 data centers in Texas, which…

Tether CEO Paolo Ardoino declared that the Wallet Development Kit (WDK) of the company would be available in open-source by October 4, 2025. This achievement is the milestone of a huge democratization of cryptocurrency wallet development and may result in the creation of trillions of self-custodial wallets that offer the developer the freedom to base their applications on anywhere these wallets will have zero dependency on any external service. The WDK reflects the ambition of Tether to transform the wallet infrastructure into a modular and comprehensive toolkit. This is a critical time when the cryptocurrency sector needs safe and user-controllable…

Key Takeaways BMX, a DeFi protocol on Base, has acquired blockchain media outlet Onchain Media. Rachel Brissenden, founder of Onchain Media, is now appointed as BMX Team’s director of community and content. BMX, a DeFi protocol on Base, today announced the acquisition of Onchain Media, a blockchain media outlet, and appointed founder Rachel Brissenden as director of community and content. The acquisition integrates Onchain Media’s live interview content focusing on Base ecosystem builders with BMX Team’s DeFi operations. Brissenden, who hosts collaborative livestreams, will lead content strategies for the protocol. BMX Team operates a decentralized exchange on Base emphasizing sustainable…

One of the leading Profit-and-Loss traders in Hyperliquid had placed a new short on Ethereum in the amount of 10,350 at 4,144.20. This increased the overall exposure of the trader to a short of 1.24 million dollars, and an average entry of 4,147.87. The trade is so noticeable due to the PnL ranking and whale status of the trader. The liquidation price of the position will be 7,964.80, nearly 92 percent greater than the opening price. This is an abnormally high likely price of liquidation indicating that the trader is either having a high amount of collateral to support the…

Following the US budget crisis that has been talked about for days, the US federal government has officially shut down. As fiscal year 2025 draws to a close, no agreement has been reached on a budget to fund the federal government. As a result, the US federal government went into shutdown (temporary work stoppage) on the morning of October 1st, after the US Congress definitively rejected the budget deal. As a result, the publication of key economic indicators such as employment and Gross Domestic Product (GDP) data will be suspended. In the scenario where a temporary budget is not approved,…

Binance Alpha also announced that it would list EVAA Protocol (EVAA) today at 16:00 UTC+8 (1:30 PM IST). The roll out will have an airdrop campaign as a reward to Binance Alpha users who have acquired enough points. 币安 Alpha 将于 10 月 3 日 16:00（UTC+8）上线 EVAA Protocol（EVAA）。交易开始后，持有至少 190 个币安 Alpha 积分的用户可申领 20 个 EVAA 代币空投。先到先得。若活动未结束，则分数门槛将每小时自动降低 15 分。申领空投将消耗 15 个币安 Alpha 积分。 — 吴说区块链 (@wublockchain12) October 3, 2025 Qualification and Regulations of Airdrop In order to qualify during the launch, a user should have 190 or more Binance Alpha points. Participants are also entitled to 20 EVAA tokens on first…

Wall Street bank JPMorgan (JPM) said the second quarter and summer of 2025 were transformative for bitcoin BTC$123,012.36 miners, marked by record cash operating profits and a pivot toward high-performance computing (HPC). Cipher Mining’s (CIFR) 244 megawatt (MW) colocation deal with Fluidstack and IREN’s (IREN) expansion to more than 23,000 GPUs underscored that shift, the bank said in the Tuesday report. Despite surging hashrates, the bank’s analysts noted that miners’ gross profits rose quarter-over-quarter, buoyed by higher bitcoin prices and more efficient fleets. Production costs rose modestly as competition intensified and high-performance computing (HPC) investments expanded, the analysts said. IREN…