Author: NBTC

Key takeaways ETH risks dropping below $4,500 after losing 3.5% of its value. The support level at $4,350 could be the next target if ETH fails to bounce. ETH dips to $4,500 as market opens bearish The cryptocurrency market opens a new week bearish after an excellent performance last week. Bitcoin, the leading cryptocurrency by market cap, lost 1% of its value and temporarily dropped below the $115k mark. Ether, the leading altcoin and the second-largest cryptocurrency by market cap, recorded an even bigger loss. It dipped 3.5% in the last 24 hours to now trade at $4,510. The bearish…

With the Fed delivering a widely anticipated decision, experts are shifting attention to the tone. Summary The Federal Reserve has cut interest rates by 25 basis points, as markets anticipated Fed’s tone leans dovish, potentially boosting Bitcoin and altcoins Still, altcoins are not out of the woods yet, as there’s no definitive decision on further easing The Federal Reserve delivered its long-anticipated 25-basis-point rate cut, the first cut of 2025. While markets fully priced the September 17 cut, all attention was on the Fed’s tone and what it signals for the future. Notably, Fed Chair Jerome Powell emphasized risks to…

The Ethereum Foundation is launching a full-time team dead set on the network’s latest priority: becoming not just the bedrock of the AI economy, but also of AI software development at large. The dAI team, named in a nod to Ethereum’s longstanding principles of decentralization and democracy, will focus its efforts both on fostering the development of AI systems within the crypto ecosystem and on bringing top players in the off-chain AI industry onto the network. “We want to bridge the gap between blockchain organizations and AI organizations,” Davide Crapis, an Ethereum core developer who will lead the dAI team,…

Nvidia, one of the most significant chip designers globally, reportedly announced a $683 million investment in a UK-based AI infrastructure company that spun off from a cryptocurrency miner in 2024. According to a Wednesday Bloomberg report, Nvidia CEO Jensen Huang said the investment in Nscale, the AI arm of crypto mining company Arkon Energy, would be part of efforts to develop the UK’s infrastructure around artificial intelligence. Nscale spun off Arkon in May 2024 to offer AI cloud services across Europe. The investment came amid a push by the UK government to develop the country’s AI infrastructure. Nvidia said it…

In a significant development for the blockchain and real-world asset (RWA) sectors, Novastro, a Layer 3 blockchain infrastructure, has announced partnership with ICB Labs, a Web3 innovation hub built on the ICB Network. The purpose is to expand Novastro’s ecosystem by integrating ICB Labs’ robust infrastructure. The respective infrastructure includes digital identity, metaverse learning, NFTs, and DeFi applications. The partnership aims to enhance the accessibility, compliance, and global adoption of tokenized assets, addressing key challenges in the RWA space. Partnership Announcement@Novastro_xyz x @icbx_networkICB Labs is a Web3 innovation hub built on its own Layer 1, the ICB Network. Their ecosystem…

BitMine Immersion Technologies (BMNR), the digital asset treasury company focused on Ethereum’s ether (ETH) and helmed by Fundstrat’s Tom Lee, said its crypto, cash and equity holdings hit $10.77 billion. As of Sunday, the Las Vegas-based firm held 2,151,676 ETH, adding 82,233 tokens to its stash last week, according to a Monday press release. It also held $569 million in unencumbered cash. The ether is worth $9.7 billion at current prices. Its equity stake in Worldcoin-focused Eightco (OCTO), a new crypto treasury firm centered on iris scanning project Worldcoin WLD$1.5498, rose to $214 million. That’s more than 10 times the…

Crypto markets failed to rally on Wednesday, September 17 after Federal Reserve policymakers cut benchmark rates for the first time since December. Bitcoin, the world’s largest digital currency by total market value, was trading between $115,000 and $116,000 when the Federal Open Market Committee released a statement at 2 p.m. EST announcing that it was lowering the target range for the federal funds rate to 400 to 425 basis points, according to Coinbase data. Over the next several hours, the price of this digital assets moved little, falling below $115,000 and then rising to roughly $117,000 around 7 p.m. EST,…

Pure-play bitcoin BTC$117,281.41 mining stocks are waking up from their slumber after lagging behind those pivoting to the red-hot data center business. Pure-play miners such as MARA Holdings (MARA) and CleanSpark (CLSK) surged 10% and 17% on Thursday, leading gains among the CoinShares Bitcoin Mining ETF members. There are two key factors that may be driving the sharp gains. The first is the idea that investors could be front-running expectations of a strong year-end for bitcoin, a period that has historically delivered some of its most bullish returns. BTC is climbing towards $118,000 following the Federal Reserve’s interest rate cut,…

The United Nations Development Programme (UNDP) is set to launch a “Government Blockchain Academy” to teach the public sector about crypto and other emerging tech. The agency said on Monday that it would partner with the blockchain and artificial intelligence advocacy not-for-profit Exponential Science Foundation to launch the academy next year. “The Academy will provide specialized education and implementation programs that harness blockchain, AI, and other emerging technologies to help governments drive transformative change,” the UNDP said. The agency is tasked with helping countries create long-term economic growth to tackle poverty. Developing countries, including India, Pakistan and Vietnam, were among…

P2P.org has introduced what it calls an “industry-first” fast-track ETH staking product designed to help institutional clients bypass Ethereum’s growing validator entry queue. The move comes as the industry is closely watching Kiln’s mass exit of all Ethereum validators, a precautionary measure following an infrastructure incident involving SwissBorg. The Ethereum validator entry queue has ballooned to between 10 and 16 days, leaving stakers unable to earn rewards until activation is complete. For institutions migrating large validator sets, that gap translates into weeks of missed yield. P2P’s new product offers pre-activated validators funded with the company’s own ETH, allowing clients to…