Author: NBTC

Ethereum price today is trading near $4,605, consolidating just below the $4,638–$4,665 resistance zone. Buyers have defended the $4,520–$4,547 area, where short-term EMAs are stacked, keeping price action constructive. The key question is whether ETH can extend higher toward $4,700, or if sellers cap the move and force another retest of the $4,476–$4,370 support band. Ethereum Price Holds Rising Trendline ETH Key Technical Levels (Source: TradingView) The 4-hour chart shows ETH respecting its ascending trendline, with higher lows building since early September. The Supertrend indicator has flipped bullish, now resting around $4,639, aligning with immediate resistance. A breakout above this…

A Fed rate cut in September is increasingly considered a strong possibility. JPMorgan announced that it expects the Fed to cut interest rates by 25 basis points at its September meeting, despite uncertainties surrounding inflation data. The bank forecasts the August Consumer Price Index (CPI) to remain at 2.9% year-over-year, and the core CPI at 3.1%. However, it noted that higher-than-expected inflation data could lead to a rate cut being postponed until October or December. JPMorgan also highlighted the potential market impact of inflation data. According to the bank, a core CPI reading above 0.40% could lead to a 1.5–2%…

Trust Wallet is making a push in the DeFi sector by partnering with ASTER DEX. This partnership is to roll out perpetual derivatives trading right in the wallet app. With this update, users can now tap into a broad range of over 100 markets while accessing leverage of up to 100x. That is some serious power for experienced traders. The integration’s a game-changer for convenience, streamlining complex trading positions while ensuring clients retain full control over their assets. So, the move signals clear ambition from both Trust Wallet and ASTER. They’re insisting that self-custody and advanced trading don’t have to…

Ethereum price is showing signs of strength after the US Federal Reserve cut rates by 0.25% yesterday. The cut was expected and already priced in by the market, so most assets barely moved. But Ethereum stood out. Over the last 24 hours, it has gained about 2.2% and is trading above $4,600. More importantly, the charts show Ethereum forming a “cup and handle” setup with a few clicks under the breakout zone. If this move holds, the breakout points to a new target near $5,430. At the same time, on-chain data reveals that selling pressure has fallen to a six-month…

A leading trader on decentralized betting platform Polymarket, who goes by the name JustWakingUp, is wagering that the Federal Reserve (Fed) will cut interest rates by 50 basis points (bps) next week. According to X handle Polymarket Whales, JustWakingUp is the platform’s most prolific trader, boasting nearly $400 million in total trading volume to date and profits exceeding $2 million. The trader has placed a $15,000 bet that the Fed will reduce rates by 50 bps to 3.75% next week and is already showing a 3% gain on the position as of writing. The trader stands to make roughly $226,000…

Changpeng “CZ” Zhao announced the “perp DEX era,” after multiple projects rushed to build their own versions of the permissionless markets. Zhao has spoken in support of Aster DEX, but has also encouraged other players to enter the space. Binance’s co-founder Changpeng Zhao announced the arrival of the “perp DEX” era in a recent message on X. Zhao has been known to support the perpetual futures trading model on Binance, which faced competition from Hyperliquid. Zhao quoted an older message on X, where he suggested perpetual futures DEX may also obscure their bets to avoid aggressive counter-trading. Whoa, now everyone…

Key takeaways Ether reclaimed the $4,600 level a few hours ago after the Fed cut its benchmark interest rate. The leading altcoin could hit the $4,800 resistance level soon amid strong on-chain data. Ether hits $4,600 as market conditions turn bullish Ether, the second-largest crypto by market cap and the leading altcoin, is up by more than 1% in the last 24 hours. The positive performance allowed Ether to hit the $4,600 mark a few hours ago, but it has now slightly retraced to trade at $4,580. The rally comes as the Federal Reserve (Fed) reduced its interest rate by…

US banks should give better rewards to attract and keep customers instead of griping about the threat that stablecoins pose to their profits, says Bitwise’s investment chief Matt Hougan. “If local banks are worried about competition from stablecoins, they should pay more interest on deposits,” Hougan wrote on X on Tuesday. He added that the banks are only worried because “they’ve been abusing depositors as a free source of capital for decades.” Hougan’s comments come as Citi claimed last month that yield-bearing stablecoins could spark a wave of bank withdrawals, and as US banks have lobbied Congress to tighten up…

Wildberries, Russia’s largest e-commerce platform, has begun testing crypto payments in Belarus. The program, developed in collaboration with fintech firm Whitebird, operates under the supervision of Belarus’s Hi-Tech Park, a state-backed hub for technology and blockchain projects. How the system works Rather than enabling direct cryptocurrency payments to merchants, the pilot relies on a hybrid model. Customers can convert digital assets such as Bitcoin, Ethereum, and Toncoin into electronic gift certificates issued in Belarusian rubles. These certificates can then be used to purchase goods on the Russian e-commerce platform’s website and mobile application. Related: Half of Mastercard’s EU E-Commerce Now…

A large Ethereum whale has caught the attention of traders. After pulling out a massive sum of ETH from Binance within just two hours. Blockchain data shows that the investor, identified by the wallet address 0x96F4. Withdrew 15,200 ETH valued at around $70.44 million. The move is flagged by the on-chain analytics platform Lookonchain. It immediately sparked debate in the crypto community. Such large withdrawals from exchanges often hint at a whale either securing assets in personal custody. Or preparing for long-term strategies. Whale Transfers ETH Into Gnosis Safe According to Arkham Intelligence data, the withdrawn ETH was moved into…