Author: NBTC
According to on-chain analytics platform Glassnode, Ethereum, the second-largest cryptocurrency by market capitalization, appears to be range-bound between $1,548 and $1,599, where nearly 793,900 and 732,400 ETH are being held, respectively, indicating market indecision as bulls and bears battle for control. Though this remains significant, what is catching further attention is a support zone forming around $1,461. According to Glassnode, support may be building at this key level, where a whopping 380,000 ETH have been accumulated. Looking at Cost Basis Distribution, #Bitcoin has built notable support at $79K, with ~40K $BTC accumulated there. It has also worked through the $82.08K…
FED officials emphasized that cautious steps should be taken in interest rate policy in the current economic outlook. Chicago Fed President Austan Goolsbee and Boston Fed President Susan Collins made important assessments on interest rates, inflation and trade tariffs. Chicago Fed President Austan Goolsbee stated that the course of the economy should be monitored before taking a new step in interest rate policies. “Right now, the Fed’s threshold for policy changes is quite high,” Goolsbee said, adding that all policy options should be kept on the agenda. Goolsbee said current tariffs will increase inflation and negatively impact economic growth in…
A New York judge ruled Friday that the majority of New York Attorney General Letitia James’ civil securities fraud suit against crypto venture firm Digital Currency Group (DCG) and two of its executives can proceed to trial. In 2023, James sued James sued DCG and its CEO Barry Silbert, DCG’s now-bankrupt lending arm Genesis Global Capital and its former CEO Michael Moro and crypto exchange Gemini, alleging that they worked together to cover up a gaping $1 billion hole in Genesis’ balance sheet caused by the wipe-out of Singapore-based crypto hedge fund Three Arrows Capital (3AC) in 2022. James said…
ChainGPT, a Web3 infrastructure provider powered by AI, is excited to announce its groundbreaking partnerships with WalletConnect and Reown. This collaboration aims to redefine the launch and scaling of projects in the Web3 landscape. This alliance further introduces advanced automation to the ChainGPT Pad. By doing this, both allies strive to foster recurring, effortless, and on-chain actions. 📣 ChainGPT x WalletConnect PartnershipWe’re excited to team up with @WalletConnect and @reown_!🛠 We’re integrating Reown’s Smart Sessions automation into @ChainGPT_Pad – unlocking automated, instant, and recurring on-chain actions for project launches.That means smoother… pic.twitter.com/km9So15GMq — ChainGPT (@Chain_GPT) April 11, 2025 The Smart…
Bitcoin’s price path has grabbed attention as it hits the critical mid-point of its halving cycle. Trading near $80,460 at press time, BTC shows slight daily gains despite volatility (down 4.47% weekly), but analysts are still optimistic for the coming months. Historically, this stage (about 7 months post-halving) often marks the beginning of significant BTC bull runs. Previous cycles have witnessed strong rallies from this stage, sparking renewed expectations that Bitcoin could soon test and potentially exceed its all-time highs. PlanB’s S2F Model Still Targeting $500k+ Bitcoin: How Does It Work? Stock-to-Flow (S2F) model creator PlanB says Bitcoin remains on…
Hong Kong’s Securities and Futures Commission (SFC) has approved the Bosera Hashkey Ether exchange-traded fund (ETF) to engage in ethereum staking, marking a first for the Asia-Pacific region. Milestone for Hong Kong: Ether ETF Cleared for Staking Activities The Bosera Hashkey Virtual Asset Ether ETF (stock codes: 3009.HK/9009.HK), jointly managed by Bosera International and Hashkey Capital, received regulatory approval on April 11 to stake up to 30% of its ether holdings starting April 25, 2025. The move positions the ETF as the region’s first virtual asset spot product authorized to generate rewards through ethereum’s proof-of-stake (PoS) mechanism. Launched in April…
Tokenized gold, such as Tether’s XAUT and Paxos’ PAXG continued to be a favorite of crypto investors in Asia as investors seek a safe haven despite a de-escalation in trade war tensions. On-chain data shows that Tether’s XAUT was a top-10 market performer out of all digital assets. Tether’s tokenized gold, the largest by market cap, is up 3.4% in the last 24 hours. CoinGecko data shows the sector is up 4.3% in the last 24 hours, compared to the CoinDesk 20, an index of the performance of the largest digital assets, which is down 2%. The price of gold…
Bitcoin’s price stands at $79,630 as of April 10, 2024, with a market capitalization of $1.57 trillion. Over the last 24 hours, bitcoin has traded between $78,424 and $82,401, amassing a strong trading volume of $52.10 billion, reflecting strong participation and volatile market behavior. Bitcoin On the 1-hour chart, bitcoin has exhibited a short-term bullish bias following a recovery from a recent low of $74,434. This micro-trend has developed through a series of higher highs and lows, with the price now consolidating around the $79,000 zone. Bullish momentum appears to be building, with high-volume green candles suggesting aggressive buyer activity.…
SatLayer, a Bitcoin (BTC) utility and security platform, has launched the “Phase I” of its mainnet, as well as Cube, a Babylon Genesis (BABY) liquid staking solution, according to the latest reports shared with Finbold on Friday, April 11. Launching with over $250 million in BTC deposited, SatLayer will lay a stronger foundation for Bitcoin decentralized finance (DeFi) and help transform BTC into a programmable asset with more utility in the ecosystem. By doing so, SatLayer also unlocks trillions of dollars worth of idle Bitcoin to give nation-states, institutions, and individual traders more yield-earning opportunities. Bitcoin liquidity and security As…
When the U.S. government sanctioned the Ethereum-based crypto mixing service Tornado Cash in 2022, it ignited a debate within the crypto community that continues three years later. Tornado enabled users to transfer crypto anonymously. The government contended that the service facilitated money laundering, prompting some of Ethereum’s validators and block builders to take steps to avoid engaging with Tornado-linked transactions, which made the service slower and costlier to use. Advocates argued that complying with the sanctions amounted to censorship — undermining a fundamental cypherpunk principle. President Donald Trump supported the cypherpunks and lifted the sanctions on Tornado Cash in March…