Author: NBTC

Leading altcoin Ethereum has trended downward since its failed attempt to reclaim its all-time high on August 13. As sell-side pressure strengthens amid increased profit-taking, ETH’s price has slipped 10% in the past five days and is expected to continue declining. Ethereum Bears Gain Control ETH’s long/short ratio has dropped to a 30-day low, reflecting traders’ growing caution and a decline in bullish sentiment. As of this writing, this ratio stands at 0.90. For token TA and market updates: Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here. ETH Long/Short Ratio. Source: Coinglass…

Donald Trump Jr., the eldest son of US President Donald Trump, made remarkable statements about the future of cryptocurrencies in an interview. Donald Trump Jr.: “Cryptocurrencies Will Be the Future of Finance” Trump Jr. stated that his interest in crypto is not due to his technical knowledge, but rather their exclusion from the traditional financial system. “A few years ago, with just one phone call from me in this city, almost no bank would refuse to lend to my real estate projects. “However, after we were given political identity, we became ‘persona non grata’ overnight,” Trump Jr. said, adding that…

The crypto industry’s Washington lobbyists are trying to draw a line in the sand over the market structure bill that’s steaming through the U.S. Senate, saying they can’t back a law that wouldn’t fully protect software developers from being held responsible for bad actors abusing their technology. The industry made its case to the Senate’s Banking and Agriculture committees “with one voice,” sending a letter Wednesday signed by Coinbase, Kraken, Ripple, a16z, Uniswap Labs and more than a hundred other crypto businesses and organizations, including almost all of the major U.S. lobbying groups. This unified effort comes the week before…

For days, the crypto community has been gripped by the saga of “The White Whale,” a trader who accused centralized exchange MEXC of freezing over $3 million in his account. In a viral thread, he alleged his only offense was being “too profitable”. He claimed the exchange lured him into a dangerous in-person KYC demand and framed the ordeal as part of a wider industry pattern where traders are “punished for winning.” Now, in an exclusive with BeInCrypto, MEXC has addressed the allegations directly. The exchange rejects claims of retaliation, explaining the rationale for account restrictions, and outlining how its…

TeraWulf’s (WULF) breakneck rally cooled on Tuesday as the firm increased its convertible note sale to $850 million and announced the pricing of the offering, aimed at funding its data center expansion. The notes will mature in 2031 with 1% annual interest, and will be exchangeable into cash, stock or both at TeraWulf’s election, the company said in a Monday press release. Initial conversion price is set at $12.43 per share, representing a 32.5% premium to last week’s close. Net proceeds are estimated at $828.7 million, and are earmarked for data center expansion with $85.5 million earmarked for capped call…

The DeFi Education Fund has penned a letter to the U.S. Senate Banking Committee with support from over 110 crypto builders, investors and advocates urging Congress to “provide robust, nationwide protections for software developers and noncustodial service providers in market structure legislation.” The letter, which has been signed by the Bitcoin Policy Institute, the Blockchain Association and the Digital Chamber to name a few of the signatories, states that crypto market structure legislation must protect developers if the broader industry is to support it. “Without such protections, we cannot support a market structure bill,” reads the letter. The letter draws…

The Australian arm of the trading platform Webull has launched crypto services in Australia just days after relaunching its crypto offering in the US after exiting the market around two years ago. Webull Australia said on Wednesday that the platform will offer 240 cryptocurrencies in a partnership with Coinbase Prime. “The addition of cryptocurrencies and digital tokens to the Webull platform represents the next phase of our ongoing mission to provide Australian investors with the freedom to trade what they want,” Webull Securities Australia CEO Rob Talevski said. It comes after Webull relaunched its crypto offering in the US on…

A fascinating development has captured the attention of the cryptocurrency world: an Ethereum ICO whale, an early investor from Ethereum’s initial coin offering, has made a substantial move. This particular address, identified as 0x815C…c3eD, recently sent 4,460 ETH, valued at approximately $19.85 million, to the Kraken exchange. This isn’t an isolated incident; over the past week, this same Ethereum ICO whale has deposited a total of 9,803 ETH, worth around $43.88 million, to the exchange, as reported by Onchain Lens on X. Such large movements by long-term holders often spark discussions about potential market implications and the strategies of these…

US investment adviser Two Prime has partnered with staking infrastructure provider Figment to offer institutional clients access to cryptocurrency yield opportunities — highlighting the growing institutional shift toward blockchain-based yield strategies. Through the partnership, Two Prime’s institutional clients will gain access to yield strategies for Bitcoin (BTC) and more than 40 other digital asset protocols, including Ethereum, Solana, Avalanche and Hyperliquid, the companies announced Tuesday. Two Prime, a crypto-native investment adviser registered with the US Securities and Exchange Commission, manages roughly $1.75 billion in assets and operates one of the industry’s larger Bitcoin lending businesses. In July, Bitcoin miner MARA…

Crypto firm Unicoin will today file a motion to dismiss a lawsuit brought against it by the U.S. Securities and Exchange Commission (SEC), the company told Decrypt. The SEC sued Unicoin and three of its top executives in May, accusing them of misleading investors and raising more than $100 million through false claims about its crypto offerings and company stock while attempting to cloak themselves in a veneer of regulation. In its forthcoming filing, Unicoin will argue the case should be thrown out because the complaint distorts its record and ignores key disclosures. The company insists it has “embraced a…