Author: NBTC
The Ethereum price appeared to be finally gearing for a strong bullish breakout after multiple weeks of disappointing and sluggish action. However, this bullish dream ended almost immediately after it started as nearly $1.5 billion worth of ETH tokens were drained from the ByBit exchange. Ethereum, which traded as high as $2,840 earlier on Friday, February 21, dropped towards $2,600 on the back of news of the ByBit hack. Interestingly, recent on-chain data suggests that the altcoin’s price could still make its way to $4,000 before the end of this cycle. Could ETH Price Still Record A 60% Rally This…
Crypto airdrops have been one of the biggest trends of 2024, with nearly $15 billion distributed this year DeFi, blockchain, Web3 gaming, liquid staking, DePIN, and other projects. Opportunities continue to emerge into the new year, with several projects launching airdrops to engage communities and reward early adopters. Here’s a look at the most anticipated airdrops for the first week of January 2025. Midas Yielder Airdrop Midas has introduced its Telegram mini app, Midas Yielder, where participants can earn GM Points through activities like games, tasks, and referrals. These points promise access to exclusive platform features in the future. Joining…
Key Takeaways Sam Bankman-Fried broke a two-year Twitter silence to discuss employee terminations and corporate management. He emphasized that terminations are often not the employee’s fault but sometimes necessary for business needs. Sam Bankman-Fried broke his two-year Twitter silence today with a series of posts discussing employee terminations and corporate management challenges. The former FTX CEO shared his views on firing employees, stating “Firing people is one of the hardest things to do in the world. It sucks for everyone involved.” He emphasized that terminations are “usually not the employee’s fault” but are “usually correct to let them go anyway.”…
The founder of investment firm Morgan Creek Capital is identifying what could serve as a huge catalyst for Bitcoin (BTC) and the overall crypto market in 2025. In a new interview with Fox Business, longtime crypto bull and influencer Anthony Pompliano says that digital assets are maturing and earning their place at the table in terms of being accepted by the traditional finance world. “I think the big story of 2025 is going to be that crypto has now grown up and is part of the traditional financial system. And there’s pros and cons to that. But now we have…
Ethereum’s 200-week SMA at $2,595 remains a strong support zone as the price consolidates. If ETH breaks $3,113, it could rally toward $3,500, but failure may lead to a pullback. The market is critical, and traders watch for a breakout or drop. Currently, Ethereum’s price is locked tight at around $3,020, coincidentally very close to some of the most important weekly moving averages. The 8-week, 50-week, and 100-week simple moving averages (SMA) are all grouped close by the $3,113 mark, which combined make up one solid resistance zone. This convergence means that Ethereum is at a critical juncture right now,…
GME Ethereum (GME), a cryptocurrency and platform dedicated to promoting financial decentralization, has partnered up with Stocktwits, the social media platform for traders, investors, and market professionals, as reported to Finbold on Monday, February 24. Inspired by the 2021 GameStop (NYSE: GME) short squeeze, which led to GameStop shares skyrocketing by 179% over three days, GME Ethereum relies on blockchain transparency and security to promote financial autonomy. Promoting GME Ethereum visibility Trying to establish itself in the meme finance space and the crypto industry at large, GME Ethereum has joined forces with Stocktwits to help users track the meme coin’s…
The crypto industry in 2024 has seen significant shifts in developer activity, with Ethereum maintaining its position as the leading blockchain ecosystem. According to data from the Phoenix Group, Ethereum currently has 3,562 full-time developers, a figure that represents an 8.4% decline compared to last year. Despite this drop, Ethereum remains the dominant force in the sector, with a total developer base of over 10,000 contributing to its decentralized applications, scaling solutions, and infrastructure upgrades. Its strong network effect ensures its continued relevance in the blockchain space. CRYPTO DEVELOPER DATA BY FULL-TIME DEVS IN 2024#Ethereum #Solana #Polkadot #Cosmos #Bitcoin #Polygon…
Institutional investors in South Korea can open accounts on digital asset exchanges starting in the second half of the year, the country’s financial watchdog has ruled. The Financial Services Commission (FSC) has been mulling new regulations that allow institutions to hold digital assets since 2024. A month ago, the watchdog said it would need more time to consider the implications of the decision. In its most recent meeting, the FSC launched a new roadmap that will gradually allow corporates to hold digital assets in stages, ending a seven-year ban introduced in 2017. The regulator says the roadmap will be rolled…
Ethereum’s price action has been volatile in recent weeks, but the asset encountered a significant resistance zone. With strong selling pressure likely at this level, a rejection followed by a short-term decline appears probable. Technical Analysis By Shayan The Daily Chart ETH recently found support at the critical $2.5K level and has since jumped toward the $3K region, revisiting the previously broken trendline of the descending wedge. However, this upward movement appears to lack momentum, resembling a pullback rather than a sustained recovery. Notably, the $3K region coincides with the 200-day moving average, reinforcing it as a strong resistance level…
GME Ethereum (GME), a cryptocurrency and platform aimed at promoting financial decentralization, has partnered with Stocktwits, a social media platform for traders, investors, and market professionals, as reported by Finbold on Monday, February 24. Inspired by the 2021 GameStop short squeeze that saw GameStop shares skyrocket by 179% in three days, GME Ethereum relies on the transparency and security of the blockchain to promote financial autonomy. In an attempt to gain a foothold in the meme finance space and the cryptocurrency industry as a whole, GME Ethereum has joined forces with Stocktwits to help users track memecoin price movements, monitor…