Author: NBTC

A death cross, when the 50-day moving average crosses below the 200-day moving average, has been formally confirmed by Ethereum. The indicator could be a herald of progressing pressure on the market, pushing Ethereum even lower. However, things are turning surprisingly good for the second-biggest cryptocurrency on the market, even despite the most recent hack. The ETH movement from Bybit’s cold wallets is one of the main factors influencing its price action. A significant security breach at the cryptocurrency exchange resulted in the transfer of more than $1 trillion in assets linked to Ethereum. Ben Zhou, the CEO of Bybit,…

Binance Labs, which has rebranded as YZI Labs, has announced that it has invested in crypto-AI startup Vana, which focuses on data ownership. As part of the deal, Binance co-founder Changpeng Zhao has joined Valve as an advisor through YZi Labs. The investment amount was not disclosed. YZi Labs’ investment comes shortly after Valve launched its mainnet and token last December. “YZi Labs has expanded beyond Web3 to include AI and biotech investments, reflecting our commitment to pushing the boundaries of transformative innovation. As AI advances, data sovereignty is becoming a critical issue, and Valve is pioneering a model that…

South Korea’s leading cryptocurrency exchange Bithumb has announced that Ethena (ENA) will be added to the KRW trading market, with trading set to begin at 9:00 PM on February 25, 2025. Bithumb to List Ethena (ENA) on KRW Market ENA Transaction Details Supported Market: KRW Market Supported Network: Ethereum (Deposits from other networks are not supported) Deposit/Withdrawal Start: Within three hours after announcement Transaction Start: February 25, 2025, 21:00 Starting Price: 536 KRW Deposit Confirmation Requirement: 33 confirmations Ethena (ENA) Airdrop Event Bithumb is also launching an ENA airdrop event for traders. Users who trade ENA for two consecutive days…

Galaxy Research, a leading cryptocurrency analysis firm, has announced its 2025 predictions, which include major developments for Bitcoin, Ethereum, Dogecoin, stablecoins, DeFi, and more. Here are the company’s predictions: Bitcoin to Pass $150,000: Galaxy Research predicts Bitcoin will surpass $150,000 in the first half of 2025 and test or exceed $185,000 by the end of the year. This growth will come from institutional, corporate, and nation-state adoption. Bitcoin is expected to reach 20% of gold’s market cap and continue its outperformance against traditional asset classes like the S&P 500 and gold. ETFs Soar: U.S. spot Bitcoin exchange-traded products (ETFs) are…

Bybit, the world’s second-largest cryptocurrency exchange, has announced a $1 million investment in EthicHub, a platform connecting smallholder coffee farmers with ethical financial solutions, according to the most recent reports shared with Finbold on Monday, February 24. Facilitated by the Blockchain for Good Alliance (BGA), the donation highlights Bybit’s ongoing commitment to promoting blockchain as a means of tackling non-digital challenges as well. This investment will operate exclusively within EthicHub’s ecosystem to ensure transparency and accountability. Bybit is likewise set to receive an 8% annual return over a 15-month term. Bybit’s investment in EthicHub Since the launch of BGA in…

Binance Labs, the venture capital and incubation arm of Binance, the world’s largest cryptocurrency exchange, announced that it has invested in THENA. According to the announcement, Binance Labs has invested in Thena, a decentralized exchange (DEX) and liquidity protocol built on BNB Chain. By prioritizing security, scalability, and user experience, THENA aims to enable mass adoption of DeFi, empower individual users, and foster a thriving ecosystem based on transparency and collaboration. It was stated that the funds raised through the Binance investment will be strategically used to accelerate the development and expansion of the THENA platform, enhance security measures, scale…

Alchemy Pay has taken a major step forward in its mission to connect traditional finance with the cryptocurrency economy. The company has successfully registered under Visa’s Ramp Provider Program. This move backs up its increasing footprint in digital payments. This achievement was made possible through its partnership with Worldpay, a leading payments technology firm. It’s official—#AlchemyPay has now registered under Visa’s Ramp Provider Program!🛡💳 This milestone strengthens our mission to connect crypto with traditional finance, and we’re excited to expand our reach and create a better payment experience for everyone.… pic.twitter.com/SB5c2vgAEm — Alchemy Pay|$ACH: Fiat-Crypto Payment Gateway (@AlchemyPay) February 25,…

Bitcoin (BTC) trades at an expanding premium on Upbit, as South Korean traders seek protection from the weakening national currency. Traders bought BTC as the South Korean won fell to a 15-year low against the US dollar. Bitcoin traded with a widening premium on Upbit, one of the leading South Korean exchanges. While a premium on the Korean won pair is not unusual, this time, the disparity is growing. BTC traded at $94,574.92 on most spot exchanges. On Upbit, the price was $96,722.63, keeping a gap of more than $2,000. The Bithumb premium was lower, with BTC trading at $96,571.21.…

Ethereum (ETH) has shown signs of recovery after a sharp decline caused by the Bybit hack, which impacted its price. Despite this bounce back, ETH is still down nearly 18% over the past 30 days, reflecting continued volatility. Notably, ETH’s RSI has rebounded to 58.6 from a low of 39.2 during the sell-off, indicating renewed buying pressure. This recovery in RSI suggests that market sentiment is gradually improving, potentially setting the stage for further price gains if momentum persists. ETH RSI Has Recovered From the Recent Dip ETH’s RSI is currently at 58.6, a notable increase from the 39.2 level…

Citadel Securities, the leading financial services provider and trading firm, is setting its eyes on the crypto market-making business. Sources told Bloomberg that the firm plans to become a liquidity provider on major exchanges like Coinbase, Binance, and Crypto.com. The market-making giant initially plans to establish trading teams outside the US once approved on exchanges, the people said. The firm’s commitment level may vary depending on how new regulations develop in the coming months. This marks a shift from Citadel Securities’ previously cautious approach to crypto market-making. The firm has maintained limited involvement in crypto trading, avoiding retail-focused exchanges due…