Author: NBTC
According to the latest developments, the first official statement came from Binance today about the huge and sudden drop that occurred first in futures and then in the spot market on the cryptocurrency exchange Binance, especially concerning the Act I: The AI Prophecy (ACT) token. The stock exchange made the following statement: The declines in ACT prices have led to some users liquidating their futures positions and other low-market tokens also seeing declines. We are currently conducting further investigations into the causes of the declines in other tokens. So far, we have not identified any accounts that have profited significantly…
BlackRock is poised to expand its crypto product line with the launch of a Bitcoin ETP in Europe, capitalizing on the runaway success of its US-listed spot Bitcoin ETF, the iShares Bitcoin Trust (IBIT), according to a Wednesday report from Bloomberg, citing sources with knowledge of the matter who requested anonymity due to the confidential nature of the plans. Projected to be based in Switzerland, the planned fund would be BlackRock’s first crypto ETP in the European market. The world’s leading asset manager, which previously focused on North America, launched the IBIT fund and subsequently introduced its iShares Bitcoin ETF…
Ethereum (ETH), the second largest cryptocurrency by market capitalization, might be on the verge of a potentially significant shift, as analysts closely monitor the Market Value to Realized Value (MVRV) Ratio. According to crypto analyst Ali, a key crossover could signal an accumulation phase for ETH. In a tweet, Ali highlighted the significance of the MVRV Ratio, stating, “Watch the MVRV Ratio closely. A crossover above its 160-day MA has historically signaled strong Ethereum ETH accumulation zones.” Watch the MVRV Ratio closely. A crossover above its 160-day MA has historically signaled strong #Ethereum $ETH accumulation zones. pic.twitter.com/Oz06q41EsL — Ali (@ali_charts)…
Shoppers in Singapore can now use crypto to pay for gadgets on the Sony Store Online. In a statement on Tuesday, Sony Electronics Singapore said it has enabled USDC payments through crypto exchange Crypto.com’s payment service, marking the company’s first local move into direct crypto transactions. The feature allows customers to check out using USDC, a stablecoin pegged to the U.S. dollar. It’s currently exclusive to the Sony Store Online and available only via Crypto.com’s payment system. With $60.06 billion in circulation, USDC is the second-most prominent stablecoin, following Tether’s USDT at $144.02 billion, per CoinGecko. Circle, the company behind…
Bitcoin (BTC) and altcoins have been caught in sharp market swings following a steep crash earlier this week, driven by President Donald Trump’s tariff order. BTC briefly reclaimed $100,000, but the momentum quickly faded, pulling the price back to $98,000. Despite the setback, analysts see a bullish pattern forming, hinting at a potential breakout ahead. Technical pattern signals a potential surge In an analysis by Trader Tardigrade, Bitcoin’s price action has formed a bullish pennant on the two-day chart, suggesting a continuation of the strong uptrend. This technical formation, characterized by a consolidation phase following a sharp price rally, is…
In a major upgrade to its ecosystem, Injective Labs has announced the release of Injective Hub V2. The latest release aims to improve user experience and streamline interactions within the Injective blockchain. It also introduces a redesigned interface, improved navigation, and a suite of new features intended to simplify user engagement with the network. According to the official blog post, Injective Hub serves as a central platform where users can manage their wallets, stake INJ tokens, participate in governance, and explore decentralized applications (dApps). This version brings a new user interface that is in line with Injective’s branding and a…
Ethereum faces key support at $1,350 and resistance at $2,750. Ethereum’s breakout above $2,750 could signal continued bullish momentum. If Ethereum holds $1,350 support, it may push higher toward $2,750. Trends in the long-term prices of Ethereum dictate that the movements of this cryptocurrency are in the upward trajectory, and the rise is characterized by strong resistance and support levels, which, coupled with other important factors, will determine future price movement. In the chart shown, Ethereum’s rising path has been clear from that of the bottoms created in 2016, with major rallies indicated by such strong support and resistance levels,…
The recent IPO filing of cryptocurrency firm Circle has revealed that the company makes less money off the USD Coin (USDC) stablecoin than cryptocurrency exchange Coinbase. In fact, Circle’s largest expense was $908 million to Coinbase for distribution. Circle’s S-1 is a reminder of Coinbase’s power in the crypto ecosystem. In ’24, Circle had $1.7b revenue and $285m EBITDA. Impressive financial profile. But its largest expense was $908m for distribution by Coinbase. Net of USDC rewards, Coinbase earns more than double the… pic.twitter.com/8yPLt9SKwW — Alex Immerman (@aleximm) April 2, 2025 USDC, the second-largest stablecoin by market capitalization, recorded impressive growth…
Bitcoin currently trades at $97,821 to $98,313 over the last hour, boasting a $1.96 trillion market valuation and $54.21 billion in daily activity, oscillating between $96,147 and $100,760 today. It lingers 9.2% shy of its historic peak, a threshold tantalizingly close yet just out of immediate reach. Bitcoin Bitcoin‘s daily price action paints a tempestuous tale: a precipitous drop followed by a valiant rebound. Support coalesced near $91,000—echoing past buying enthusiasm—while the $104,000-$109,000 per bitcoin barrier stands as an unyielding fortress. Momentum oscillators offer conflicting cues: the commodity channel index (CCI) at -140 whispers of bargain-hunting prospects, while the MACD’s…
Users have performed over 100,000 transactions with Ripple’s USD stablecoin RLUSD in the two months since it launched. This is according to a report released by CryptoQuant on Tuesday, February 4, highlighting the steady adoption of the Ripple–backed stablecoin. According to the crypto analytics firm, about 109,000 RLUSD transactions have been completed so far, 95% of them or about 105,000 on the XRP Ledger and only around 4,100 on Ethereum. RLUSD transaction count by network chart Source CryptoQuant CryptoQuant analyst Maartunn contended that the asset’s higher uptake on the XRPL could be due to the network’s greater efficiency and lower…