Author: NBTC

A top market analyst has identified why Ethereum has struggled to break the deadlock at $4,000 and why it could do so this time. Ethereum showed sheer strength following Wednesday’s fallout from the FOMC meeting after the Federal Reserve failed to cut interest rates. With Bitcoin tumbling in a few minutes to $115,000, Ethereum receded slightly to $3,680 but recovered quickly to close the day positive. Meanwhile, the momentum has continued today as Ether is up 1.60% already to reclaim $3,870. Ethereum is now a few dollars away from its July high of $3,941, with its bullish price action boosting…

Block joined the S&P 500 on July 23, replacing Hess after the oil producer’s $54 billion acquisition by Chevron, a reshuffle that sent Block’s stock up 10.7% from the July 18 open of $72.01 to $79.69 by press time. The company announced the addition on July 18, prompting investors to position ahead of index-tracking funds that must purchase shares to mirror the benchmark. Block called the move “a milestone that reflects the strength of our business and the work of thousands of people building tools to increase access to the economy,” citing products across Square, Cash App, Afterpay, TIDAL, Proto,…

The market had already been dragged through the shredder when a massive $500,000,000 in USDC landed on Binance, as per Whale Alert. This happened at a time when Ethereum (ETH) dropped below $3,770, Bitcoin was bleeding under $118,200 and over 117,000 accounts had been force-closed in a hours-long liquidation tsunami that erased $348 million across mostly longs. ETH took the biggest hit, with $35.13 million in liquidations, while BTC and Solana (SOL) followed with $6.73 million and $5.07 million, respectively. What made it worse is that nearly all the pain came from one side — longs. In just one hour,…

As traditional finance becomes more intertwined with blockchain technology, a Kraken executive said simply bringing traditional financial products on a blockchain won’t cut it and is not the end goal for tokenization. Mark Greenberg, the global head of Kraken’s Consumer Business Unit, told Cointelegraph that tokenized equities must go beyond replicating Wall Street systems onchain. Instead, he said they should unlock new levels of accessibility, programmability and global reach. He argued that it’s an opportunity to fundamentally rethink how global markets function when it comes to accessibility, programmability and user access to legacy tools. “Tokenized equities can’t just be ‘Wall…

SharpLink Gaming has continued its aggressive Ethereum accumulation strategy. The company purchased 11,259 ETH worth approximately $43.09 million on July 31. This move followed a $43 million USDC transfer to Galaxy Digital, which facilitated the transaction. The average purchase price was around $3,827 per ETH. This is not the company’s first large-scale acquisition. Just last weekend, SharpLink bought 77,000 ETH for $290 million. It used Galaxy Digital for that transaction as well, indicating a trusted relationship with the financial services firm. ETH Holdings Cross 449,000 Since early June, SharpLink has followed a MicroStrategy-like approach, aggressively stacking ETH. With this latest…

Key Takeaways JPMorgan disagrees with the US Treasury’s prediction that the stablecoin market will reach $2 trillion by 2028. USDT and USDC account for over 60% of the current stablecoin market, which JPMorgan expects to only double or triple in size. JPMorgan isn’t buying into the $2 trillion stablecoin hype. Despite growing political and institutional enthusiasm, the bank thinks the projection is “a little bit optimistic.” According to JPMorgan’s strategists, the digital dollar-pegged asset class still lacks the robust infrastructure needed to support exponential growth. Instead of ballooning to $2 trillion, the bank expects the sector to grow at a…

In the fast-paced world of cryptocurrency, staying informed about exchange operations is paramount. A recent development from South Korea’s prominent crypto exchange, Bithumb, has caught the attention of many traders and investors. Specifically, a temporary Bithumb TIA suspension has been announced for Celestia (TIA) deposits and withdrawals. This move, while temporary, raises questions and highlights the ongoing need for vigilance in digital asset management. What’s Behind the Bithumb TIA Suspension? According to a notice disseminated via Telegram by ‘theddari_notice’, Bithumb has temporarily halted transactions for Celestia (TIA). The official reason cited for this measure is ongoing maintenance of its TIA…

Bitcoin fell from above $119,000 to around $117,600 on Monday night after a wallet tied to a long-dormant whale transferred around 9,000 Bitcoin worth over $1 billion to Galaxy Digital. The transactions were first flagged by blockchain analytics platform Spot On Chain. Despite the outflow, the wallet still holds approximately 11,000 BTC, valued at $1.3 billion at the time of writing. 🚨The whale just moved 8.5K $BTC (~$1B) to Galaxy Digital 15 minutes ago. It is likely an OTC deal. This is his first cash-out in 14.3 years. Wallet Link: https://t.co/7ZhXS8WXu8 https://t.co/UyEH6eMJxq pic.twitter.com/Mf3jfeQdUj — Spot On Chain (@spotonchain) July 15,…

The price of Ethereum has surged to almost $4,000 surpassing the value of the other altcoins on the market. While ETH is rising, other tokens such as XRP, Solana and others are not only staying the same but are actually losing value in ETH pairs. This week altcoins lost an additional 4% against Ethereum. The textbook breakout of Ethereum above resistance and a bullish continuation are pretty much sitting in the open on the first chart. Growing volume and a rising RSI support price action, confirming momentum. ETH is currently well above important moving averages, suggesting a strong trend. However,…

In his latest interview, US Treasury Secretary Scott Bessent shared his views on the new trade agreement with Japan, relations with China, and the Fed. Bessent announced details of the trade agreement with Japan. The agreement will implement a new 15% tariff on automobiles and will see Japan create an innovative financing mechanism to provide capital to strategic US industries. He noted that ongoing negotiations with the European Union are progressing slowly due to the “problem of joint action” among the 27 member states. The minister said he hoped to move beyond issues like rare earths and export controls to…