Author: NBTC
Ethereum price is showing positive signs above the $2,650 zone. ETH is outshining Bitcoin and might start another increase in the near term. Ethereum is holding gains and aiming for more gains. The price is trading above $2,650 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $2,700 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a decent upward move if it settles above $2,750 and $2,780. Ethereum Price Regains Traction Ethereum price attempted a fresh increase above the $2,700 level, beating Bitcoin. ETH broke the…
JPMorgan Chase has increased its stake in exchange-traded funds (ETFs) by 30% since May 2024, when it disclosed $760,000 in Bitcoin ETFs. This represents an increase of over $220,000 in just a few months. JPMorgan expands crypto ETF portfolio with major investments in Bitcoin and Ethereum funds The bank disclosed in its most recent 13F filing with the U.S. Securities and Exchange Commission (SEC) that it has greatly expanded its exposure to Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs). The bank has invested $984,000 in Bitcoin ETFs and $32,300 in Ethereum ETFs through various products. Among its Bitcoin ETF…
Polymarket users expect Berachain and Linea Protocol to launch their airdrops in the first quarter of this year. A small Polymarket poll with $22,000 in assets places the odds of Berachain’s airdrop at 90% and Linear at 89%. Berachain airdrop hopes rise Berachain has become one of the fastest-growing players in the crypto industry. It is also one of the best-funded, having raised $43 million in 2023 and $100 million in March last year, which valued it at $1 billion. It is a layer-1 network with a portfolio of DeFi-related applications in its ecosystem. BEX is a Uniswap (UNI) rival…
The European Securities and Markets Authority (ESMA) has published a consultation paper seeking comments on a proposed knowledge assessment for persons giving advice on crypto-assets or providing information about crypto-assets or crypto-asset services on behalf of crypto-asset service providers (CASPs). This is part of the technical standards the agency is developing under Markets in Crypto-Assets (MiCA) regulations. ESMA has taken it upon itself to extend the knowledge requirements in MiCA beyond an assessment for advisers to information providers working for CASPs. That is necessary, in its view, to meet the MiCA requirement that CASPs act in the best interests of…
As a new edition of “Tether FUD” gains steam, Paolo Ardoino, CEO of USDT issuer, recalls what Bitcoin and Tether opponents have in common. Meanwhile, the community is guessing who might be behind the rumors about USDT allegedly facing immediate delisting in Europe. Tether loves Bitcoin, CEO Paolo Ardoino says Bitcoin (BTC), the first cryptocurrency, and U.S. Dollar Tether (USDT), the largest stablecoin by market capitalization, are under attack from the same “paid shill armies.” This statement was shared by Tether CEO Paolo Ardoino with his 256,000 followers in X today, Dec. 31, 2024. Reminder: the paid shill armies that…
As Bitcoin fails to sustain above the $96,000 mark, the growing bearish influence in the crypto market plunges Ethereum. The Ethereum price is now down under $2,700, registering an intraday pullback of 2.28%. The pullback undermines last night’s recovery and is threatening a new possibility of a breakdown rally. Amit such conditions will Ethereum manage to make a comeback and break past the $2,700 mark?Let’s find out. Ethereum Price Breaks Under $2,700 In the daily chart, the Ethereum price trend continues its lower-high trend formation. After failing to cross above the $4,000 mark, Ethereum is now back to retest the…
GungHo Online Entertainment, a Japanese video game developer, has rejected the shareholders’ demand for a change in stream and policy on executive pay. The proposal by investment firm Strategic Capital cited issues such as CEO pay, financial performance, and transparency. Strategic Capital, which has a 5.4% stake in Gunho, said GungHo has failed to launch a new game of similar success to Puzzle & Dragons since 2012 and squandered 100 billion yen ($640 million) on new games. A key concern raised was that CEO Kazuki Morishita’s salary increased from 120 million yen to 340 million yen ($2.2 million) in the…
According to data provided by the public on-chain SHIB tracker Shibburn, during the past day, one of the key Shiba Inu metrics has spiked, showing four-digit growth. This increase was followed by the removal of a substantial amount of meme coins as they got permanently pushed out of the circulating supply. This coincided with a large SHIB price upward movement as it surged by roughly 10% overnight. SHIB burn rate jumps 2,133% Shibburn, which gains burn transaction data on Etherscan and then brings it for the SHIB army on its website and X account, has revealed that during the last…
John Reed Stark, former director of the SEC Internet Enforcement Office, believes that the agency will pause the Ripple appeal soon. “Expect all crypto-related appeals, including the appeal of the Ripple matter, to pause or even more likely, to be fully withdrawn,” he said. This comes after the SEC has seemingly halted the Coinbase case. Recently, the SEC told the Second Circuit that its newly formed crypto task force may help resolve its enforcement case against the leading US cryptocurrency exchange. Earlier this February, the SEC also requested a two-month pause in the Binance case. The drastic changes are taking…
Bitcoin’s price action near $93,500 hints at potential short-term bearish momentum; key levels to watch for breakout. Skew analysis shows volatility rising, with critical levels like $92,500 and $98,188 determining the next market move. Moustache predicts a bullish breakout by late 2024, possibly triggering an Altcoin Season amid global economic shifts. Bitcoin’s (BTC) price action has been caught in a volatile range as it hovers around key levels, presenting potential trading opportunities. On the 4-hour chart, BTC is priced around $93,579, slightly below the Weekly and Daily Open levels. This position could signal a short-term bearish bias. The price fluctuates…