Author: NBTC
The BTC price approaches a significant liquidation area between $84.5K and $85.5K which can trigger short squeeze events because of growing leverage. The price of Bitcoin rose over $84,000 when the test at $75,000 became successful which demonstrated rising market optimism and bullish signals. An upward price breakout appears likely for BTC to surpass $85K while short-tether liquidations and market participation keep rising. The increasing Bitcoin price has brought the asset nearer to a major liquidity cluster which sits at $85,000 based on liquidation heatmap data observed in Binance BTC/USDT perpetual contracts. Coordination among traders has reached its highest point…
The long-term support area of Ethereum aligns with its realized price which historically defines major market bottom points. RSI data for the month displays 41.21 which shows the spots where previous market reversals happened therefore indicating bearish pressure might be fading. The price shows a potential upward trajectory because it hovers beneath the $10,000 resistance barrier yet the support levels appear strong for the second quarter of 2025. The price of Ethereum demonstrates signs of reaching its long-term base level as market movements now mirror previous bear market bottoming patterns.As of April 8, 2025, Ethereum (ETH) is trading at approximately…
Taiwan authorities have initiated legal actions against Steaker for running an unauthorized crypto investment scheme. According to reports, authorities charged the founder, Huang Weixuan, alongside other executives for their part in the investment scheme. According to the authorities, the quartet were involved in allegedly using the Steaker platform to raise about $45.8 billion through unauthorized crypto investment schemes. The Taipei Prosecutors’ Office confirmed the charges on Thursday, noting that their acts are against the Banking Act rules which frowned upon taking deposits without a license. According to the report, aside from the founder Huang Weixuan, the platform’s Chief Technology Officer…
Binance, the largest crypto exchange by trading volume metrics, decided to delist 14 altcoins, sending the affected tokens to a free fall. The platform recently adopted a mechanism to involve its community in the listing and delisting processes. Binance To Delist 14 Altcoins The exchange revealed the decision on Tuesday, during the early hours of the Asian session. It would delist and cease trading on all spot trading pairs for the named tokens starting April 16 at 03:00 (UTC). “Following the Vote to Delist results and completion of the standard delisting due diligence process, Binance will delist BADGER, BAL, BETA,…
Paul Barron, on his eponymous show, spoke with Sergey Nazarov and discussed important topics such as the U.S. legislation surrounding blockchain technology. Sergey also touched on the global tokenized asset issuance competition and Chainlink’s role in making an on-chain future possible. In a recent interview with Paul Barron, Chainlink CEO Sergey Nazarov provided valuable insights regarding U.S. crypto regulations and the increasing influence tokenization exerts on the global financial system. Nazarov emphasized that the regulatory speed in the U.S. is accelerating under the Donald Trump administration and that this may have important consequences for crypto markets worldwide. During the interview,…
A group of conservative McDonald’s shareholders has urged the fast-food giant to adopt Bitcoin as part of its corporate treasury strategy, but the U.S. Securities and Exchange Commission (SEC) said the company could reject the proposal without facing any repercussions. The initiative was spearheaded by the National Center for Public Policy Research, a conservative think tank that also owns shares in McDonald’s. In a formal letter to the company, the group argued that Bitcoin offers superior liquidity and growth potential compared to traditional assets such as cash, bonds and even real estate. “McDonald’s is widely viewed, including by former CFO…
Morpho Labs is rapidly gaining popularity day by day. According to data released by Token Terminal today, Morpho Labs is currently the largest lending protocol on the Base blockchain based on active loans. With the rising demand for DeFi, the platform’s supply surges. ICYMI: @MorphoLabs is currently the biggest lending protocol on @base, based on active loans.Active loans represents the $ amount that borrowers pay interest on, which means that it correlates directly with the Fees metric of each lending protocol. pic.twitter.com/Dw0Nj72Uqr — Token Terminal 📊 (@tokenterminal) April 11, 2025 Major lending protocols on Base The quantity of net deposits…
Data recently shared by the Shibburn tracking platform that picks data from Etherscan has revealed that a massive SHIB burn rate increase has taken place overnight. This metric has demonstrated a three-digit growth just a few steps away from a four-digit one. This has aligned with the remarkable reverse of the cryptocurrency market that drove it back into the green zone. SHIB burns up 984% but here’s catch The aforementioned data source published a tweet, showing an immense 984.58% increase in the SHIB burn metric that has taken place over the past 24 hours. That rise was achieved thanks to…
U.S. Customs and Border Protection (CBP) has released updated tariff guidance, confirming that 20 product categories under the Harmonized Tariff Schedule of the United States (HTSUS) will be exempt from newly implemented “reciprocal duties.” The decision follows a memorandum signed by President Donald Trump amid rising trade tensions with China. The exemptions cover a wide range of technology-related products, including integrated circuits (HS 8542), smartphones (HS 8517.13.00), flat panel display modules (HS 8524), computers and components (HS 8471, 8473.30), and semiconductor manufacturing equipment (HS 8486). Other electronic products, including solar cells, flat panel TV displays, flash drives, and memory cards,…
A Nigerian court has postponed Binance’s tax evasion case to April 30, giving the country’s tax agency more time to respond to the exchange’s legal filings, according to Binance’s legal team. Nigeria Demands $81B for Unpaid Taxes and Damages The Federal Inland Revenue Service (FIRS) is demanding $2 billion in unpaid taxes and $79.5 billion in damages, claiming Binance’s operations in Nigeria caused economic harm.The agency claims that Binance has a “significant economic presence” in the country and should have paid corporate taxes for 2022 and 2023, plus a 10% yearly penalty on overdue amounts. Binance’s court case in Nigeria…