Author: NBTC
As the Ethereum relative strength index (RSI) dips to 36%, a historically oversold level, crypto investors are eyeing potential buying opportunities. Despite the ongoing bullish momentum in Bitcoin, Ethereum’s trajectory has been discouraging. A recently shared chart by analyst Marzell shows that Ethereum has lagged behind Bitcoin for up to six months. However, according to Markus Thielen of 10x Research, ETH’s movement has created a high-risk, high-reward environment. High-Risk, High-Reward Environment for Ethereum In a statement, Thielen pointed out that Ethereum has experienced more fluctuations compared to Bitcoin in recent times, with its price movement showing less predictable patterns. Thielen…
Avalon Labs says it is exploring the possibility of filing the industry’s first Bitcoin-backed debt public fund aligned with SEC regulations. After issuing the world’s first Bitcoin (BTC)-backed stablecoin USDa, Avalon Labs wants to expand their suite of financial products pegged to the BTC. On Feb. 12, Avalon announced in a recent post that is currently evaluating the possibility of filing the industry’s first Bitcoin-backed public debt fund under the U.S. Securities and Exchange Commission Regulation A framework. The SEC Regulation A framework is a securities exemption that enables companies to raise capital from credited and non-accredited investors through a…
Toncoin (TON) has surged significantly in large transaction volume in the last 24 hours, signaling significant whale activity despite a $482 million market sell-off across the crypto sector. On-chain data shows an increase in TON transactions valued at over $100,000, indicating that large holders are actively accumulating or redistributing their holdings. The crypto market prolonged its sell-off from Tuesday’s session into Thursday, with crypto positions worth $482 million liquidated in the last 24 hours, according to CoinGlass data. The substantial liquidations across various crypto assets reflect the selling pressure that has affected the majority of digital assets. Bitcoin slipped for…
The top crypto exchange Binance has announced a new feature for corporate users. Institutions are now able to perform SWIFT bank transfer operations with USD through a streamlined process. Binance VIP & Institutional’s official X account distributed this update regarding the new service. Binance VIP & Institutional delivers customized investment services alongside trading solutions to professional traders as well as organizations. #Binance now offers corporate users a seamless USD on/off-ramp via SWIFT bank transfer! This enables institutions in select APAC and South Asia markets to buy and sell crypto with greater convenience and efficiency.Eligible users can try it out today:…
Eos Stable Coin Chain (ESCC), an open blockchain using EOS EVM mechanism, has officially collaborated with zkLINK, a cutting-edge blockchain infrastructure platform. The partnership targets to utilize the scalable stablecoin network of Eos Stable Coin Chains and zkLINK’s advanced decentralized ecosystem to establish a relatively accessible and efficient crypto realm. The platform took to its official X account to disclose this development. ESCC is collaborating with @zkLink_Official to drive the next evolution of stablecoin transactions and AI-powered trading!With ESCC’s scalable stablecoin system and zkLink’s advanced decentralized network, we’re making crypto easier, faster, and more accessible for everyone.… pic.twitter.com/rBq7WTyhr5 — ESCC…
Bitcoin (BTC) is attempting to recover its $2 trillion market cap as bullish momentum builds. Recent technical indicators, such as the DMI and RSI, suggest the uptrend is gaining strength but also highlight the need for sustained buying activity to maintain upward pressure. Meanwhile, BTC’s EMA lines hint at a possible golden cross, which could propel the price to test critical resistance levels near $98,870 and beyond. However, failure to break these levels might result in a pullback, with key support zones at $90,700 and $88,000 coming into focus. Bitcoin DMI Shows the Uptrend Is Here The DMI chart for…
Ethereum price has formed a death cross pattern, risking further downward momentum as whales continue selling. Ethereum (ETH) dropped to $2,600 on Thursday, down by over 35% from its highest level in December last year. This decline happened the network continued to see weak demand among investors. Spot Ethereum exchange-traded funds had net outflows of $40.95 million on Wednesday, bringing the cumulative inflows to $3.1 billion. There are signs that some Ethereum whales have continued to dump their tokens. According to Lookonchain, one big whale deposited 20,000 tokens worth $52.8 million to Kraken. The same whale sold 20,000 tokens in…
eToro Group has confidentially filed a draft Registration Statement on Form F-1 with the US Securities and Exchange Commission (SEC) in relation to its planned initial public offering (IPO) of ordinary shares. As of now, the number of shares to be offered and the price range for the offering have not been specified. The IPO is expected to occur once the SEC completes its review of the Registration Statement, which is subject to market conditions and other factors. However, eToro has not set a definitive timeline for when the offering will take place. The company issued a press release in…
Coinbase is actively working with relevant Indian authorities, including the Financial Intelligence Unit (FIU-IND) in a bid to re-establish its presence in the market, according to a new report from TechCrunch, citing sources with knowledge of the matter. The move comes after the firm stopped onboarding new users in India in June 2023. The country’s authorities strictly regulate digital assets, despite their growing adoption. While crypto trading remains legal in India, banks largely avoid serving digital asset firms to maintain positive relations with the central bank, many industry participants reported. India already taxes digital assets, charging 1% tax-deducted-at-source (TDS) on…
A new report has predicted a spike in the market capitalization of blockchain in education, tipping the industry to reach over $7 billion by 2032. The report, compiled by HTF Market Intelligence, projects that blockchain applications in education will rise from its present level of $2.2 billion in 2025 to an all-time high of $7.2 billion in 2032. The projected ecosystem growth represents a compound annual growth rate (CAGR) of 15.6%, driven by various factors. According to the 143-page document, the march to over $7 billion market capitalization will be powered by the need to improve global education standards. For…