Author: NBTC

An X user going by the name AB Kaui Dong sounded the alarm early Tuesday, when he noticed suspicious onchain activity by the world’s largest cryptocurrency exchange, Binance. “The most discussed topic among peers today should be Binance, which is selling off a large amount of its own BTC and ETH assets,” Dong said. “Most currencies have been converted into the stablecoin USDC.” Although Dong acknowledged that the assets were not user funds and belonged to Binance, the allegations gained traction and were reported by major crypto publications such as Cointelegraph. Binance was suddenly being accused of having sold off…

Bitcoin investors and analysts constantly seek innovative tools and indicators to gain a competitive edge in navigating volatile market cycles. A recent addition to this arsenal is the Pi Cycle Top Prediction chart, now available on Bitcoin Magazine Pro. Designed for professional and institutional investors, this chart builds on the widely recognized Pi Cycle Top indicator—a tool that has historically pinpointed Bitcoin’s market cycle peaks with remarkable accuracy. The Pi Cycle Top Prediction tool helps estimate when Bitcoin’s bull market may be nearing its end. Understanding the Pi Cycle Top Prediction Indicator The Pi Cycle Top Prediction chart enhances the…

Dark clouds continue to hover over the largest altcoin Ethereum. While ETH investors are waiting for a recovery as soon as possible, crypto analysis platform Matrixport analyzed the latest status of ETH. Matrixport analysts noted that despite spot Ethereum ETFs seeing $500 million in inflows, the ETH price remains stagnant and has shown little to no recovery. Analysts stated that the downward trend in Ethereum was caused by large investors, and said that large sellers are still active in the market. Contrary to the bearish trend, analysts said there is a growing demand for Ethereum from long-term investors, noting that…

The United States exchange-traded fund sector has become a Doge-eat-Doge world in recent weeks, with several asset managers clamoring to launch spot Dogecoin ETFs. But at least one fund issuer isn’t hopping into the Doge-pile. For cryptocurrency investment firm Canary Capital, the Shiba Inu-inspired meme coin is all bark and no bite. Canary Capital CEO Steven McClurg told Decrypt this week that his firm has no plans to launch a spot Dogecoin ETF, pointing both to the digital currency’s unlimited supply and lack of utility. The company is one of several issuers engaged in a race to ramp up its…

Virtuals Protocol, a decentralized platform for autonomous agents, is teaming up with blockchain and metaverse game giant Animoca Brands to advance the AI agents and gaming space. The Virtuals Protocol (VIRTUAL) team and Animoca Brands will also work with Agentstarter, an on-chain AI agent accelerator on Base, according to an announcement. The partnership aims to fund the next wave of agent-driven games as the two ecosystems of AI agents and gaming continue to converge. Regarding the collaboration and its mission, the partners stated: “We are here to fund new experiences, not just tech. Our focus is on empowering dynamic gaming…

Bitpanda has received approval from the UK’s Financial Conduct Authority (FCA) to expand its cryptocurrency services in the country. The approval allows the Austria-based platform to offer its full range of digital asset products to UK investors. This development follows Bitpanda’s recent acquisition of a Markets in Crypto-Assets Regulation (MiCAR) license from Germany’s Federal Financial Supervisory Authority (BaFin). The MiCAR framework is intended to regulate digital asset service providers across the European Union. Eric Demuth, Co-Founder and CEO of Bitpanda, Source: LinkedIn “Being Europe’s leading crypto platform means being in the UK – there was no question about it,” Eric…

A CryptoQuant analyst believes the ongoing Bitcoin bull run might actually be at its later stages, citing market indicators. In Bitcoin news today, the BTC extraordinary bull run, which began in January 2023, may be approaching its final stages, according to CryptoQuant analyst and Korea Community Manager Crypto Dan. He highlighted several factors, including data from Bitcoin’s realized market cap UTXO Age Bands, suggesting that the crypto market has entered the latter phase of its current cycle. Key Indicators Suggest the Late Stages of the Bull Cycle In an analysis today, Crypto Dan stressed that Bitcoin’s price trends align with…

With Ethereum recent decline finding bullish support at $2,600, is a reversal rally toward $3,000 in ETH prices possible this week? As bulls are preparing to lift off Bitcoin price from its critical support level of $95,000, Ethereum is holding its ground at $2,600. With multiple lower price rejection candles over the weekend, the breakdown rally in Ethereum is finding minor bullish support. While the lower price rejection hints at a potential comeback for Ethereum, strong overhead bearish signals indicate significant resistance. Amid these dynamics, could an altcoin season push Ethereum’s price back to the $4,000 mark? Let’s explore. Ethereum…

Major financial institutions have been raising their gold price forecasts as the precious metal’s price benefits from growing trade war fears and central banks’ accumulations. This week, strategists at both Citi and UBS issued increased gold price forecasts, anticipating the precious metal’s bull run will continue as markets are pressured by geopolitical tensions and economic uncertainties. Gold-backed cryptocurrencies have been benefiting from this trend, with tokens like PAXG and XAUT seeing performance in line with that of the precious metal. These tokens, backed by physical gold stored in vaults, have been outperforming the wider cryptocurrency market amid the uncertainty. Citi…

As the market volatility intensifies, Shiba Inu lead developer Shytoshi Kusama has voiced his opposition to the popular call to “sell everything.” X user “The Don Landoni” sparked the conversation when he proclaimed that the crypto market is doomed. “We are all going to die,” he tweeted, urging stakeholders to “sell everything” while they still can. This sentiment came at a time when Bitcoin’s price had slumped to $91,220 on Thursday evening. Notably, the drop followed three consecutive days of declines, during which Bitcoin lost 11.18% of its value. Bitcoin’s dip significantly impacted the broader crypto market, particularly the meme…