Author: NBTC
After testing a weekly high near $2,523, the Ethereum price today is trading around $2,448, caught in a tight zone of indecision just beneath multiple resistance bands. While ETH rebounded from June’s lows near $2,100, it now faces a critical technical inflection as the broader structure narrows into a multi-month symmetrical triangle. What’s Happening With Ethereum’s Price? ETH price dynamics (Source: TradingView) On the monthly chart, ETH remains wedged between long-term uptrend support from the March 2020 bottom and descending resistance from its $4,900 peak. The price structure continues to compress, and the recent double-top rejection below $4,100 signals lingering…
Fitness-equipment manufacturer Interactive Strength (TRNR) said it entered into a securities purchase agreement to raise as much as $500 million for buying Fetch.ai’s FET token as a crypto treasury strategy. The Nasdaq-listed company is already in the process of buying the tokens after raising $55 million of new capital from ATW Partners and DWF Labs, it said in a release shared with CoinDesk. “Digital assets are rapidly becoming an essential part of global financial infrastructure and AI is the biggest technological leap in our lifetime,” CEO Trent Ward said in the statement. “We believe our strategy to acquire a significant…
A notable market commentator suggests the current XRP price would be undervalued if derivatives trading for the asset gains broader adoption. His recent comments come as XRP continues to face bearish pressure amid a broader market lull. Since collapsing from the $3.3 peak in January, XRP has largely traded at the lower end of the $2 price mark. However, analysts insist the asset is undervalued in this region. Jake Claver, Managing Director at Digital Ascension Group (DAG), is the latest to echo this sentiment. In a recent commentary, he insisted that XRP’s current position suggests the asset is “heavily undervalued,”…
South Korea is tightening its focus on stablecoin regulation. Yesterday, the National Planning Committee summoned financial regulators to assess current oversight and propose measures that reduce risks for consumers and the broader economy. Authorities Review Stablecoin Capital Requirements In the latest meeting, the State Planning Commission’s virtual asset task force received updates from financial regulators on the growing stablecoin market. Related: The Biggest Banks in South Korea Team Up to Create a New Crypto According to Maeil Business, officials discussed raising the bar for market entry by setting more specific capital requirements for issuers. Currently, two draft bills are under…
After much speculation sparked by the teaser in June, BabyDoge has announced its listing on Kraken Pro. The significant milestone allows traders to engage in perpetual futures trading of BABYDOGE on one of the leading cryptocurrency exchanges, potentially increasing its market visibility and liquidity. Following the listing, BABYDOGE experienced a notable price increase, sparking interest among investors and the broader crypto community. Further, the development could have several positive implications for the memecoin, including its future market performance, and subsequent entry on more Centralized Exchanges either for Futures or Spot trading. BabyDoge’s Entry into Kraken Pro Inspired by Dogecoin and…
Trump Media and Technology Group Corp., the owner of social media platform Truth Social, publishing platform Truth+ and financial technology brand Truth.Fi, announced in its official press release that it has completed its previously announced private equity investment process with approximately 50 institutional investors. Of the approximately $2.44 billion in total proceeds from these investments, $2.32 billion of net proceeds will be used to establish Trump Media’s Bitcoin treasury and for general corporate expenses and working capital. With this development, Trump Media will have one of the largest Bitcoin treasuries among US-listed companies, and the company’s Bitcoin strategy will be…
Ethereum inflows into centralized exchanges surged sharply in early July, which could worry investors hoping for an ETH recovery. Below are on-chain signs suggesting that many whales might be looking to sell, just as ETH ETF inflows show signs of slowing. Ethereum Moves to Exchanges — What Do Analysts Say? According to data from CryptoQuant, on July 1, 2025, nearly 100,000 ETH, worth about $250 million, were deposited into Binance. This marks the highest single-day inflow to the exchange over the past month. Ethereum Exchange Netflow – Binance. Source: CryptoQuant. Compared to recent price behavior, large daily inflows often lead…
Bitwise Asset Management is tapping into the fervor surrounding GameStop’s (GME) bitcoin pivot with the launch of a new exchange-traded fund designed to offer exposure to GME and income. Dubbed the Bitwise GME Option Income Strategy ETF (IGME), the fund will apply a covered call strategy to both provide exposure to GameStop’s share performance and regular income for investors. GameStop purchased 4,710 BTC for over $500 million late last month, following its raising of $1.3 billion via convertible debt to initiate a bitcoin treasury strategy. This new fund will be managed by Jeff Park, Bitwise’s Head of Alpha Strategies, alongside…
750,000 FXRP were minted in just four days, thanks to the new Core Vault feature on Flare’s FAssets v1.1. Core Vault lets agents unlock collateral faster, solving previous minting slowdowns on the Flare network. In just four days, 750,000 FXRP were successfully minted through Flare’s new system, FAssets v1.1. This improvement is a sign that the integration of Core Vault technology has indeed had a major impact on efficiency in Flare’s DeFi ecosystem. Core Vault Unlocks Fresh Flow for FXRP Minting The FAssets system was originally designed to bridge assets from traditional networks such as XRP so that they can…
The director of the US Federal Housing Finance Agency (FHFA), William J. Pulte, has asked Congress to investigate Federal Reserve Chair Jerome Powell “immediately,” calling his Senate testimony denying lavish upgrades “deceptive,” and enough for his removal. During a Senate Banking Committee hearing last Wednesday, Powell defended the US Central Bank’s Washington headquarters renovation project that cost a reported $2.5 billion and included a number of lavish upgrades. He called media reports on the upgrades “misleading and inaccurate” and claimed there are “no VIP dining rooms, no marble, no special elevators, no water features, and no rooftop gardens.” Read more:…