Author: NBTC

On May 24, 2025, bitcoin ( BTC) is coasting along at $109,273, reflecting a substantial valuation amid an active trading session. With a market capitalization of $2.17 trillion and a 24-hour trading volume of $46.66 billion, the price oscillated between an intraday low of $107,156 and a peak of $109,840. Bitcoin On the daily chart, bitcoin (BTC) is in a bullish trend, despite a recent retracement from a local high of $112,000. The support zone near $98,000–$100,000 remains critical, backed by historical demand earlier in the month. Resistance is clearly defined at $112,000, a level where significant selling pressure emerged.…

The cryptocurrency world is buzzing once again, and this time, the spotlight is on a significant move by institutional player Abraxas Capital. In a development that has captured the attention of market analysts and investors alike, the London-based investment manager recently executed a massive Ethereum withdrawal, pulling 29,741 ETH—valued at an astounding $81 million—from major crypto exchanges like Binance and Kraken. This isn’t just another transaction; it’s a powerful signal in the volatile digital asset landscape, often interpreted as a strong indication of an intention for long-term holding. What does this bold move by Abraxas Capital truly signify for the…

Good Morning, Asia. Here’s what’s making news in the markets: Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk’s Crypto Daybook Americas. While stablecoins (USDT, USDC) dominated U.S. headlines last month amid the GENIUS Act and Circle’s (CRCL) blockbuster IPO, Asia’s quieter yet strategic adoption is reshaping the region’s cross-border finance. Asian banks increasingly see stablecoins like USDT and USDC as defensive tools against deposit flight and lost transaction revenue. Behind the scenes, stablecoins are already playing an…

According to WhaleAlert, one of the largest XRP transactions in recent days just hit the ledger without a trace of who could be behind it. Late Sunday, 50 million XRP — valued at over $113 million — moved from one untagged, unverified wallet to another with no link to any known exchange or institution. There was no announcement, warning or visible market preparation — just a cold, clean move that instantly raised red flags. Examining the sending wallet reveals more interesting details. It was not just some random trader with deep pockets; Ripple itself originally activated the address back in…

The Cyprus Securities and Exchange Commission has announced that about 10 firms dealing in crypto and foreign exchange have been blacklisted by the country. According to reports, the agency is intensifying its efforts against unauthorized brokers. In its statement, the agency said the blacklisted platforms were found guilty of offering illegal trading services in FX and digital assets without the necessary permission and authorization. In this round of blacklisting, the Cyprus SEC has also issued a new round of warnings against other unlicensed providers carrying out services in this sector of the industry. Cyprus SEC clamps down on unauthorized platforms…

Broken Bound, a prominent cross-chain financial entity based on Bitcoin and EVM ecosystems, has commenced a new partnership with Conflux Network, a well-known regulatory-compliant L1 blockchain. The collaboration focuses on redefining the Web3 gaming sector across Asia with regulation-friendly, scalable, and seamless gaming experiences. The platform provided the details of this development on its official social media account on X. 🚨 New Partnership Alert 🚨Broken Bound is officially partnering with @Conflux_Network — the leading regulatory-compliant Layer 1 blockchain in China 🌐Together, we’re powering the next wave of Web3 gaming:⚡️ Fast, scalable, low-fee gameplay🇨🇳 Seamless entry into the Asian… pic.twitter.com/2tvG01rxRC —…

Cryptocurrency analyst Joao Wedson noted that while Bitcoin has reached an all-time high in US dollar terms, other currencies have yet to reach that level. In his statement on his social media account, Wedson stated that the BTC/USD parity, which has the highest trading volume against the dollar, broke the record, but said that the same was not the case for other fiat currencies. According to Wedson, in order for Bitcoin to break records against other major currencies, it needs to rise at the following rates: 10.3 percent against the euro 11.5 percent against the British pound 11 percent against…

Ethereum’s price rose 6% to above $2,800, driven by Bitcoin’s rally to $112,000 and optimism around ETH whale activity. The gains came as over $500 million in leveraged positions, including $139 million in ETH, were liquidated. Institutional interest and increased buying could drive Ethereum’s price higher. Ethereum (ETH) rose a decent 6% in 24 hours to reach highs above $2,800, with the top altcoin buoyed by a broader market rally. This is after Bitcoin (BTC) soared to a new all-time high above $112,000. However, the sharp price movements triggered widespread liquidations, with over $500 million in leveraged positions wiped out…

Wall Street is quietly betting big on stablecoins, not as a crypto side hustle but as a full-blown replacement for bank wires and card networks. Today, Circle, which went public on the New York Stock Exchange earlier this month, saw its shares jump almost 8%, recovering from a brief dip. The stock has now surged over 600% since its IPO. That price action is coming at a time when big financial firms are laying new tracks to run global payments through stablecoins instead of traditional banks. The excitement around Circle didn’t happen in a vacuum. Bitcoin and ether have both…

Amidst a broader lull in the altcoin market, crypto airdrops remain a prevalent scheme for portfolio diversification. They provide an easy entry into promising projects, requiring little to no initial capital. As the second week of July commences, several projects have announced airdrop-related developments. The following is a list of projects with notable financial backing worth considering for airdrop opportunities this week. Backpack Backpack, a blockchain service project, is the first crypto airdrop opportunity to consider this week. The project boasts up to $37 million in funding and is backed by investors such as Delphi Ventures and Multicoin Capital. Jump…