Author: NBTC
The Bitcoin MVRV ratio has now dropped to its long-term mean value, triggering bullish sentiments amid favorable historical precedence. Notably, Bitcoin’s recent price activity has involved short-term uncertainty following an impressive rally from late April. After surging by nearly 16% from $84,466 on April 19 to a local high of $97,938 on May 2, the flagship crypto asset has entered a period of stagnation. Over the past two trading days, Bitcoin has seen back-to-back intraday losses, and early market signals suggest a potential third consecutive dip as of today, with the price currently hovering around $93,901. Despite this lull, on-chain…
Ethereum’s recent price movements have caught the attention of the crypto market, not just for their strength but for what they reveal beneath the surface. Over the past several weeks, major Ethereum holders known as whales have significantly increased their positions, indicating strong conviction in the asset’s future. These whales, each holding between 10,000 and 100,000 ETH, have been aggressively accumulating since mid-April, just as Ethereum’s price began a steep climb. This pattern, alongside key technical signals, is raising expectations of a longer-term bullish phase. Whale Accumulation Aligns with Price Breakouts According to analyst Crypto Rover, large Ethereum wallets added…
Cryptocurrency and other financial markets are assessing the potential implications of the Federal Reserve’s potential policy moves. According to CNBC, Atlanta Federal Reserve President Raphael Bostic stated he is leaning toward just one interest rate cut this year as the central bank tries to combine limiting inflation risks with preventing an economic downturn. In March, the Federal Reserve released projections indicating two quarter-point rate cuts in 2025. Nevertheless, Bostic stated Monday that the tariffs were higher than the central bank had anticipated at the beginning of the year. Historically, interest rate cuts tend to be bullish for risk assets, including…
Key Insights: Ondo crypto and PayPal’s PYUSD are now integrated as liquidity complements. The linkup is advancing the role of PYUSD in the growing tokenization ecosystem. Ondo Finance price is down as of writing, but with a good prospect of rebounding. ONDO Finance can now entertain instant conversions between Ondo Short-Term US Government Treasuries (OUSG) and PayPal’s USD-pegged stablecoin (PYUSD). This marks another expansion of the PYUSD utility, particularly as a liquidity source for Real-world Assets (RWAs). Besides, it also fueled optimism over a potential rally in ONDO price due to this development. ONDO Finance & PYUSD Partnership: Focus On…
Hailey Welch said she was cleared by the US Securities and Exchange Commission and federal authorities for the crash of the HAWK token. The instant fame of HAWK ended quickly in a rapid crash, costing buyers as much as $50M. Hailey Welch claimed she was cleared by the US Securities and Exchange Commission as well as federal authorities. The creator of the HAWK token previously stated the SEC was done with its investigation, and federal authorities cleared her of responsibility for the HAWK token crash. Welch stated she lacked the knowledge on crypto, and regretted misleading her fans with a…
Circle has officially launched the mainnet for its Circle Payments Network. The CPN will be a new blockchain-based system designed to facilitate real-time cross-border payments and settlements using its stablecoin, USDC (USDC). The CPN is built to support business-to-business payments, cross-border remittances, enterprise treasury operations, and payroll disbursements. With the launch, Circle aims to modernize the $190 trillion global payments industry, which it describes as fragmented and slow, according to the company. Current CPN participants include Alfred Pay, Tazapay, Conduit, and RedotPay — companies that operate across Latin America and Asia. Circle says this initial group is helping open USDC…
This is a segment from the Supply Shock newsletter. To read full editions, subscribe. Yes, Warren Buffett is one of the greatest to ever do it. But he clearly has a blind spot for Bitcoin. It’s seven years ago today that Buffett famously called Bitcoin “rat poison squared” in front of CNBC reporter Becky Quick. Buffett, who at 94 has just confirmed that he’s stepping aside as Berkshire Hathaway CEO at the end of the year, has actually been negging Bitcoin since May 2013. At Berkshire’s annual shareholder meeting, an audience member asked Buffett and Munger how they viewed the…
Ethereum has climbed to around $2,540, approaching the key $2,500 level, but signs point to the market becoming overheated. According to a May 21 analysis by CryptoQuant contributor ShayanMarkets, trading volume has spiked as Ethereum (ETH) nears this resistance zone. This increase in activity has coincided with a spike in short-term profit-taking. When a market is said to be “overheating,” it typically means that prices have risen too quickly due to speculation rather than long-term conviction. In this instance, ETH’s quick 55% recovery over the last month after a 45% decline in Q1 raises the possibility that the rally may…
This is a segment from the Empire newsletter. To read full editions, subscribe. As crypto continues to shift to a more fundamental focus, it makes sense that new metrics will be introduced — such as net new assets (NNAs). Blockworks Research defines them as “assets that didn’t previously exist and/or couldn’t exist without crypto rails.” And, to be fair, it’s not a new metric to track, according to my colleague Ryan Connor. Connor penned a report on NNAs and how they play into the rise of consumer crypto, something I’m keenly interested in. Basically, Connor makes the case that crypto…
Chainlink plans to help accelerate web3 innovation on Solana with the launch of a new startup program dubbed Build on Solana. The Chainlink (LINK) program aims at boosting Solana (SOL) network adoption by supporting web3 projects focused on building on the layer 1 blockchain. Build on Solana targets teams leveraging the Chainlink standard to develop on Solana. Selected projects will benefit from expert guidance, technical mentorship, growth resources, and increased market visibility. “With Build on Solana, we’re deepening our collaboration with the Solana ecosystem to support teams that are building the next generation of onchain applications,” said Sheth Sanket, vice…