Author: NBTC
Bitcoin and top altcoins like Venice Token, Kaia, Ravencoin, Fartcoin, and SPX6900 rose on Monday as U.S.-China trade talks got underway. Bitcoin (BTC) climbed to $108,000, its highest level since May 29, marking a 7.55% gain from its monthly low. Venice Token (VVV) rose to $3.52, sharply up from this month’s low of $2.56. Similarly, Kaia (KAIA), Ravencoin (RVN), Fartcoin (FARTCOIN), and SPX6900 (SPX) jumped by over 10% on Monday. This surge brought the market capitalization of all coins to over $3.35 trillion. The likely catalyst was the easing of trade tensions between the United States and China, with negotiations…
The golden cross, one of the most potent bullish technical configurations in trading, is currently being displayed by Ethereum. ETH might be positioning itself for a long-term rally toward the $3,000 mark as the 50-day EMA is almost above the 200-day EMA. The golden cross is a long-term momentum indicator that is frequently interpreted as a sign of surging volatility and momentum on both conventional and cryptocurrency markets. Ethereum is still above a rising support trendline that has served as a base since late April according to the price chart. Although the price momentarily fell twice below the 26-day EMA,…
Frankfurt-based 21X, a venue for trading tokenized stocks, bonds and funds regulated by Germany’s financial watchdog BaFin, has integrated Circle’s USDC stablecoin as a key settlement currency on the platform. The USDC integration is part of 21X’s mission to build a multi-currency, MiCA-aligned, open market environment for institutional trading of tokenized securities, the company said on Monday. Tokenization is where traditional finance dips its toe into the public cryptocurrency arena. Circle, which is soon to list on the New York Stock Exchange, is the obvious choice when it comes to an issuer of stablecoins for a highly regulated European utility…
A whale is selling $LINK tokens to take profits. Between March 24, 2023, and March 25, 2024, the whale took out 1.75 million tokens, which are worth almost $12.3 million, from the Kraken exchange. After more than a year, 0x7fBB is now taking advantage of the recent rise in market prices. Whale 0x7fBB recently started selling $LINK for profit!Between Mar 24, 2023 and Mar 25, 2024, the whale withdrew 1.75M $LINK($12.3M) from #Kraken at an average price of $7.03 and held for over a year.Since May 27, he has deposited 403K $LINK($5.87M) to #Binance and still… pic.twitter.com/m3ReQ95bRa — Lookonchain (@lookonchain)…
Enterprise blockchain company Ripple has filed a supplemental letter in support of its motion for an indicative ruling. Ripple argues that approving the recently negotiated settlement would place the company “on more comparable footing” compared to other industry participants. “…the settlement would also place Ripple on more comparable footing with other industry participants whose cases were dismissed much earlier in their lifecycle as a matter of SEC discretion,” the letter said. The SEC previously dismissed cases against such major players as Coinbase and Kraken. When it comes to Ripple, the SEC agreed to slash the company’s penalty to $50 million…
Within the scope of cryptocurrency regulation studies carried out in Türkiye, many obligations have been imposed on crypto exchanges, such as the obligation to register with the CMB. In this context, while there are only two weeks left until the deadline to fulfill the requirements of the CMB’s secondary regulations, sad news came from a well-established stock exchange. Bitfinex, which is among the important exchanges like Binance Türkiye in the “List of Active Exchanges” published by the CMB, has decided to withdraw from Türkiye. Accordingly, Bitfinex, one of the most important and largest exchanges globally, officially announced that it has…
Bitcoin’s implied volatility has collapsed to its lowest level in a year as tension between the U.S. and China appear to settle after a new round of negotiations began on Monday at Lancaster House in London. The trade talks are projected to run up to at least two days, with the prospect of resuming progress from negotiations in Geneva last month which began to ease tension between the two nations. Bitcoin, meanwhile, has stayed above the $100,000 range, going up 4.5% over the month, with its price hovering around $108,000 level at press time. These trade and economic tensions have…
Ethereum is poised above $2,500 amid massive whale accumulation Also signaling bullish sentiment is the surge to 35 million staked ETH for Ethereum staking. The Ethereum price could rally amid multiple catalysts. Ethereum (ETH) is witnessing a significant surge in staking activity, underpinned by aggressive accumulation from large holders. As whales up their buying pressure, Ethereum’s price has shown greater resilience above the $2,500 level. According to CoinMarketCap, ETH traded around $2,549, down 2% and 7% in the past 24 hours and week respectively. However, the top altcoin remained above the crucial level and was seeing massive whale buying. Crypto…
Bitcoin (BTC) and the cryptocurrency market have experienced a decline in recent days as US customs duties, which were suspended by US President Donald Trump, have become a current issue again. Having fallen by 5.2% in the last week, BTC saw below $104,000, but with a slight recovery, it rose just above $104,000 again. Despite this decline, the expectation of an increase in Bitcoin and altcoins continues, and the agenda of the cryptocurrency sector today includes the speech to be made by US Federal Reserve (FED) Chairman Jerome Powell. Jerome Powell, who will speak at the 75th Anniversary Conference of…
This is a segment from the Lightspeed newsletter. To read full editions, subscribe. Solana’s real economic value, app revenue, and DEX volumes were all up on the order of 20-30% in May, but one noteworthy figure didn’t keep pace: stablecoin supply. Today, there are 15% fewer stablecoins on Solana than a month ago, per Blockworks Research data. Stablecoins are often an important source of liquidity for doing things like swapping in and out of SOL, although Solana’s stablecoin dip comes after the gray swan that was Donald Trump’s memecoin. Solana’s stablecoin supply doubled essentially overnight when Donald Trump’s memecoin was…