Author: NBTC
Ethereum pushed above the $2,600 mark yesterday, signaling renewed momentum, but the rally lost steam as broader market uncertainty capped further gains. Despite this, ETH remains resilient, holding above critical demand levels that have supported its recent uptrend. Investors and analysts alike are watching closely, as Ethereum’s strength could be the catalyst that kicks off the long-anticipated altseason. The broader crypto market remains in a cautious state due to macroeconomic volatility and shifting investor sentiment, but Ethereum’s ability to stay above $2,500 has helped maintain bullish conviction. Many are now eyeing the $2,650 level, which has historically acted as a…
Shares of Circle (CRCL) began trading on the New York Stock Exchange (NYSE) on Thursday, opening at $69 a share in early trading, 123% above the $31 price it had set the night before. The company announced late Wednesday that it sold roughly 34 million shares in its initial public offering, raising $1.1 billion and landing a valuation of $6.9 billion. The listing marks Circle’s long-awaited arrival on public markets after previous attempts, including a failed SPAC deal in 2021. Circle’s debut lands in a market still wrestling with an uncertain macroeconomic environment. Earnings season is winding down, and more…
Singapore mandates all unlicensed crypto firms to stop serving overseas clients by June 30, 2025, with no transitional period allowed. Companies must meet strict DTSP licensing standards, including local leadership and compliance, to continue operating legally in Singapore. Singapore no longer gives room for local crypto companies that do not have official permits. The Monetary Authority of Singapore (MAS) has stated that starting June 30, 2025, all local crypto entities without a Digital Token Service Provider (DTSP) license must stop providing services to overseas clients. There is no transition period. No exceptions. For those who remain stubborn, sanctions await. Strict…
South Korea’s leading virtual asset exchange Bithumb has officially announced that its new digital assets INIT and FLOCK will be listed on the won market. Bithumb Lists INIT and FLOCK on Korean Won Market The two assets are planned to start trading on May 30 (Friday) 2025 at 18:00. Deposits and withdrawals will begin within 2 hours from the moment of the announcement. Listing Details of INIT and FLOCK Iniisia (INIT) is an asset based on the Initia network, and deposits via other networks are not supported. The transaction reference price is 1,199 won, and the deposit confirmation number is…
Arichain, an advanced modular framework to develop privacy-preserving and customized blockchain solutions, has announced new partnership with IQ AI, an AI and blockchain-driven ecosystem to democratize information. The partnership aims to combine the blockchain and AI technologies to deliver rapid and effective insights to the consumers. The platform revealed this mutual initiative in a recent X post. Announcing Arichain’s Web3 Partnership Arichain X IQ AI@IQAICOM is a blockchain + AI-powered knowledge ecosystem, rooted in the belief that “knowledge is power.” Whether you’re a trader, researcher, or crypto newbie, IQ is your gateway to valuable Web3 and blockchain… pic.twitter.com/Q3amKiaGZf — Arichain…
Jim Chanos, one of the most famous short sellers, recently slammed Strategy founder Michael Saylor for promoting “complete financial gibberish.” Chanos believes that justifying valuation through NAV changes is absurd. “This is, of course, complete financial gibberish. Mr. Saylor wants you to value his business based not only on the net value of his Bitcoin holdings (NAV) at market, but additionally with a multiple on the change in that NAV!” Chanos said in a recent social media post. James Chanos recently came up with a provocative idea of buying Bitcoin (BTC) as a hedge while simultaneously shorting Strategy (MSTR), the…
Ethereum continues to demonstrate strength, holding firm above key support levels and outperforming much of the crypto market despite growing macroeconomic uncertainty. Since its April lows, ETH has more than doubled in value, gaining over 100%, and shows no signs of slowing down. While many assets have faced heavy selling pressure amid volatility in global markets, Ethereum remains resilient, showing consistent buying interest and maintaining its upward trajectory. Top analyst Carl Runefelt shared a bullish perspective, noting that Ethereum price stays strong on the daily timeframe. According to Runefelt, if Bitcoin starts moving sideways, Ethereum could seize the opportunity to…
The FED, as one of the highest-level institutions that oversee the banking system, has made a critical appointment for the cryptocurrency world. Michelle Bowman has been confirmed as the Fed’s new vice chair of oversight by a 48-46 vote in the Senate. A Kansas Republican who previously served on the Fed’s board, Bowman will now be one of the top officials driving the agency’s regulatory agenda. Created in the wake of the 2008 global financial crisis, the role was designed to free the Fed from its regulatory role outside of monetary policy. Bowman’s appointment could also herald a new era…
Two wallets accumulated over $9M in HYPE within 24 hours using coordinated spot orders. Both wallets funded spot accounts from Arbitrum and PERP before large HYPE buys. Despite large holdings, both wallets show slight unrealized losses from post-buy price shifts. A surge in high-value HYPE token transactions was recorded between June 8 and 9, 2025, with two crypto wallets, identified as 0xd83 and 0x9E8, executing purchases exceeding $9 million. On-chain records show a clear pattern of structured accumulation, involving pre-funded spot accounts and synchronized execution of large buy orders. Wallet address 0xd83CfF88A32fFbf3951f2b13e4A0A37103b3193D made a major acquisition on June 9, beginning…
The SEC’s move to halt proposed crypto ETFs that would allow staking likely won’t help or hurt other issuers’ efforts to unlock that feature for their own funds, industry watchers argue. Registration statements for the Rex-Osprey ETH Staking ETF and the Rex-Osprey SOL Staking ETF went effective on May 30 “without resolution of staff comments,” the SEC wrote in a letter that day. The funds were structured as C-corporations, Bloomberg Intelligence analyst James Seyffart pointed out in a series of X posts. This “unique structure” would allow the funds to bypass the 19b-4 process, which requires self-regulatory organizations to propose…