Author: NBTC

Following its strong rally and rejection at the all-time high, Ethereum has shifted into a corrective phase. Both daily and lower timeframes suggest that the next decisive move hinges on whether buyers can maintain key support zones or whether bears will drive the market into deeper retracements. ETH Price Technical Analysis By Shayan The Daily Chart On the daily chart, Ethereum has been retracing after its parabolic advance stalled at the $4.8K ATH. The price recently found support around the 0.5 Fibonacci retracement ($4,070), a zone that aligns with the ascending channel’s midline and prior demand levels. If this support…

The Council on Foreign Relations warns that USD stablecoins could reshape global finance and weaken Beijing’s control. China is preparing to counter with tightly monitored digital money designed to reinforce, not reduce, state authority. USD Stablecoins and US Policy The Council on Foreign Relations (CFR), a prominent US think tank on diplomacy and international politics, has raised alarms about stablecoin geopolitics. In a recent article, CFR scholar Zongyuan Zoe Liu argued that Washington’s new GENIUS Act transforms dollar-backed tokens into credible, regulated money. With banks guaranteeing one-to-one redemption, stablecoins could soon sit alongside deposits and commercial paper as cash equivalents.…

Calls are growing for Hong Kong to establish itself as a world leader in stablecoin issuance. The proposal comes from Yao Zhisheng, a member of the CPPCC National Committee. He argued that the city is uniquely positioned to build a global hub for digital finance. In his recent article, published in Ta Kung Pao, he stressed that stablecoins can combine the transparency of blockchain with the price stability of traditional currencies. Yao’s suggestions arrive just weeks before Chief Executive John Lee delivers his next Policy Address on September 17. The address is expected to outline long-term strategies for the city’s…

Crypto exchange Gemini, founded by billionaire twins Cameron and Tyler Winklevoss, told CoinDesk it has teamed up with Ripple to roll out an XRP edition of its credit card in collaboration with Ripple, offering users crypto rewards across spending categories. The card, issued with WebBank similarly to other Gemini cashback cards, allow holders to earn up to 4% back in XRP on fuel, EV charging and rideshare purchases, 3% on dining, 2% on groceries and 1% on other transactions. Gemini said it is also partnering with select merchants to provide up to 10% back on eligible purchases. “We’re giving customers…

Bitcoin ETFs continued their five-day streak of outflows, shedding over $1.1 billion in the past week as investors de-risk ahead of U.S. Federal Reserve Chairman Jerome Powell’s final address at Friday’s Jackson Hole symposium. This widespread sell-off in risk-on assets has coincided with a 10% crash in Bitcoin’s price since its August 14 all-time high of $124,545. U.S. equities have also suffered a similar fate, with the S&P 500 index down 1.72% since its own high on August 13. The large-scale de-risking across ETFs and cryptocurrency markets can be attributed to a concerning inflation data released in August, leading to…

Key Takeaways President Trump used a rare statutory clause to fire Federal Reserve Governor Lisa Cook over alleged misconduct. Cook is the first sitting Fed governor in modern history to be removed by a president, raising questions about presidential power over the central bank. President Donald Trump has dismissed Federal Reserve Governor Lisa Cook from her position under a rarely invoked statute that permits the removal of central bank officials “for cause.” In a two-page letter dated August 25, Trump said he had determined that Cook’s involvement in alleged mortgage fraud warranted immediate removal. Cook, a Biden appointee and the…

Base’s sports prediction app Football.Fun saw its reached $100 million in market cap within just two weeks after its initial launch. Summary Base-supported Football.Fun has reached $100 million in Total Value Locked two weeks after launching. The platform lets traders bet on players through fractional share ownership and get rewards based on their players’ performance in the league. In a recent post, Football.Fun shared that it has surpassed $100 million in Total Value Locked in less than two weeks, courtesy of the 10,738 active wallets that have made use of the sports prediction platform’s features. First launched on August 11,…

Shares of ETHZilla (ETHZ), formerly known as biotech firm 180 Life Science, fell nearly 30% Friday after the company disclosed that shareholders filed to offer up to 74.8 million convertible shares. The offering sparked concerns about dilution, a process where existing shareholders’ stakes lose value as more stock enters the market. For investors, it means their ownership slice shrinks, even if the company’s overall value doesn’t change. After the issuance of new shares, the outstanding shares of the company will rise by about 46% to 239.3 million from 164.4 million, according to the filing. The company won’t receive any proceeds…

Welcome to the Asia Pacific Morning Brief—your essential digest of overnight crypto developments shaping regional markets and global sentiment. Grab a green tea and watch this space. BlackRock’s $366M crypto transfer signals potential selling pressure as Bitcoin touched 112K before recovering. TORICO surged on Gentosha’s partnership for Web3 expansion. Fed Chair Powell’s Jackson Hole speech tonight adds market uncertainty. BlackRock Crypto Transfer Signals Potential Selloff BlackRock moved $366 million worth of Bitcoin and Ethereum to Coinbase Prime yesterday. Transferring 1,885 BTC and 59,606 ETH to the exchange suggests potential selling pressure. Such institutional moves to trading platforms typically indicate preparation…

US lawmakers are still seeking to tighten the anti-money-laundering controls in the GENIUS Act. The Senate Banking Committee aims to finalize the CLARITY Act by September 30. Anti-CBDC Surveillance State Act and Senate Crypto Market Structure Bill also expected to pass by the end of September. In the past few weeks, the US Congress has pushed through several crypto bills, including the GENIUS Act, CLARITY Act, and the Anti-CBDC Surveillance State Act. President Donald Trump has already signed the GENIUS Act into law, while the other two bills are now waiting for approval in the Senate. Looking ahead, September is…