Author: NBTC

Ethereum price is showing signs of strength after the US Federal Reserve cut rates by 0.25% yesterday. The cut was expected and already priced in by the market, so most assets barely moved. But Ethereum stood out. Over the last 24 hours, it has gained about 2.2% and is trading above $4,600. More importantly, the charts show Ethereum forming a “cup and handle” setup with a few clicks under the breakout zone. If this move holds, the breakout points to a new target near $5,430. At the same time, on-chain data reveals that selling pressure has fallen to a six-month…

A leading trader on decentralized betting platform Polymarket, who goes by the name JustWakingUp, is wagering that the Federal Reserve (Fed) will cut interest rates by 50 basis points (bps) next week. According to X handle Polymarket Whales, JustWakingUp is the platform’s most prolific trader, boasting nearly $400 million in total trading volume to date and profits exceeding $2 million. The trader has placed a $15,000 bet that the Fed will reduce rates by 50 bps to 3.75% next week and is already showing a 3% gain on the position as of writing. The trader stands to make roughly $226,000…

Changpeng “CZ” Zhao announced the “perp DEX era,” after multiple projects rushed to build their own versions of the permissionless markets. Zhao has spoken in support of Aster DEX, but has also encouraged other players to enter the space. Binance’s co-founder Changpeng Zhao announced the arrival of the “perp DEX” era in a recent message on X. Zhao has been known to support the perpetual futures trading model on Binance, which faced competition from Hyperliquid. Zhao quoted an older message on X, where he suggested perpetual futures DEX may also obscure their bets to avoid aggressive counter-trading. Whoa, now everyone…

Key takeaways Ether reclaimed the $4,600 level a few hours ago after the Fed cut its benchmark interest rate. The leading altcoin could hit the $4,800 resistance level soon amid strong on-chain data. Ether hits $4,600 as market conditions turn bullish Ether, the second-largest crypto by market cap and the leading altcoin, is up by more than 1% in the last 24 hours. The positive performance allowed Ether to hit the $4,600 mark a few hours ago, but it has now slightly retraced to trade at $4,580. The rally comes as the Federal Reserve (Fed) reduced its interest rate by…

US banks should give better rewards to attract and keep customers instead of griping about the threat that stablecoins pose to their profits, says Bitwise’s investment chief Matt Hougan. “If local banks are worried about competition from stablecoins, they should pay more interest on deposits,” Hougan wrote on X on Tuesday. He added that the banks are only worried because “they’ve been abusing depositors as a free source of capital for decades.” Hougan’s comments come as Citi claimed last month that yield-bearing stablecoins could spark a wave of bank withdrawals, and as US banks have lobbied Congress to tighten up…

Wildberries, Russia’s largest e-commerce platform, has begun testing crypto payments in Belarus. The program, developed in collaboration with fintech firm Whitebird, operates under the supervision of Belarus’s Hi-Tech Park, a state-backed hub for technology and blockchain projects. How the system works Rather than enabling direct cryptocurrency payments to merchants, the pilot relies on a hybrid model. Customers can convert digital assets such as Bitcoin, Ethereum, and Toncoin into electronic gift certificates issued in Belarusian rubles. These certificates can then be used to purchase goods on the Russian e-commerce platform’s website and mobile application. Related: Half of Mastercard’s EU E-Commerce Now…

A large Ethereum whale has caught the attention of traders. After pulling out a massive sum of ETH from Binance within just two hours. Blockchain data shows that the investor, identified by the wallet address 0x96F4. Withdrew 15,200 ETH valued at around $70.44 million. The move is flagged by the on-chain analytics platform Lookonchain. It immediately sparked debate in the crypto community. Such large withdrawals from exchanges often hint at a whale either securing assets in personal custody. Or preparing for long-term strategies. Whale Transfers ETH Into Gnosis Safe According to Arkham Intelligence data, the withdrawn ETH was moved into…

Crypto exchange Gemini has upped its initial public offering ahead of its debut on Friday and is now aiming for a valuation exceeding $3 billion, showing growing investor interest in crypto-related companies. The updated prospectus, filed with the Securities and Exchange Commission on Tuesday, said that the Cameron and Tyler Winklevoss-founded firm now intends to sell its stock in the range of $24 and $26, up from its initial $17 to $19 offer. The exchange will offer around 16.67 million shares, the same as before, and aim for a raise of $433 million, up from its goal of raising $317…

The cryptocurrency space is competitive as new projects emerge regularly, fighting for recognition and endorsements. Hyperliquid (HYPE) and Aster (ASTER) appear to be in a critical competitive phase. This had led to speculations on the role Changpeng “CZ” Zhao, former CEO of Binance, is playing to influence these projects. CZ denies plans to influence Hyperliquid vs. Aster rivalry Notably, on X, CZ responded to a speculative post from Crypto Bitlord that he could manipulate the crypto market to favor ASTER over HYPE. CZ has brushed off the idea, maintaining that his recent comments in the space were to address fear,…

Ethereum is approaching a decisive phase that could carry it into five-figure territory, according to a multi-timeframe analysis from trader Cantonese Cat (@Cantonmeow). Ethereum Ready To Smash All-Time Highs In a video published today, the analyst argues that ETH has cleared a cluster of late-cycle resistances and is now exhibiting a confluence of technical signals—on monthly, weekly, daily, and intraday charts—that “favor some of the higher targets to be met, maybe 1.272, 1.414, 1.618, anywhere around potentially five figures.” These Fib levels would put ETH at $7,752, $9,883 and $14,011 respectively. On the monthly chart, the analyst centers his case…