Author: NBTC

Coinbase (COIN) is more than just a crypto trading platform, Wall Street broker Cantor said in a research report Tuesday, initiating coverage of the stock. Cantor assumed coverage of the crypto exchange with an overweight rating and a $245 price target. In early trading, the shares were up more than 5%. “Markets are missing what it is doing beyond trading, particularly with its L2 (Base) and its stablecoin relationship with Circle,” analysts Brett Knoblauch and Thomas Shinske wrote. Coinbase shares are attractive at current levels, as they are trading at around a 32% discount to historical valuation multiples, the report…

Lily Liu, President of the Solana Foundation, is looking beyond meme coins to establish Solana as the infrastructure for what she calls “internet capital markets.” In an exclusive interview with BeInCrypto and a presentation at the 2025 Web3 Festival in Hong Kong, Liu outlined her vision for blockchain technology’s role in democratizing financial access. From Meme Coins to the “Everything Chain” “Solana has evolved from being the DeFi chain to the NFT chain, the gaming chain, the payment chain, and recently the meme coin chain,” Liu explained. “When you sum all that up, Solana is the everything chain.” While meme…

While attending the MIT Bitcoin Expo this past weekend, I was afforded the opportunity to sit down with Timothy Massad, Research Fellow at the Kennedy School of Government at Harvard University and former Chairman of the U.S. Commodities and Futures Trading Commission (CFTC). Massad served as the head of the CFTC from 2014 to 2017, and it was under his leadership that bitcoin was classified as a commodity. In recent years, Massad has shared his thoughts on what regulation around bitcoin and digital assets should look like. He’s appeared on Bloomberg to discuss the matter, and he recently testified at…

Ethereum has dropped about 20% over the past 24 hours, falling below $1,500 for the first time since March 2023. Ethereum (ETH) is trading at $1,476 at the time of press, having recorded a 24-hour high of $1799. The broader selloff appears tied to macroeconomic tensions as Donald Trump’s sweeping new tariffs put pressure on the crypto market. The market has seen widespread losses as a result of the steep ETH price decline. According to Coinglass data, over $400 million worth of Ethereum positions have been liquidated in the past 24 hours. Long trades, which lost roughly $341 million, accounted…

Crypto ETFs have been named the worst-performing exchange-traded funds (ETFs) available to UK buyers this year. That’s according to financial analysts Morningstar, which found VanEck’s £203 million ($259 million) Crypto & Blockchain Innovators ETF was the worst-performing in quarter one of 2025, losing 39.34% of its funds. VanEck was followed by Global X’s Blockchain ETF, iShares’ Blockchain Technology ETF, and WisdomTree’s Blockchain ETF, which lost 37.65%, 30.92%, and 25.80% of their funds, respectively. Rounding out the worst-performing ETFs were uranium, AI, semiconductor, and cloud computing-based funds. Read more: $38 trillion in US brokerages still restricted from bitcoin, report Yesterday, Morningstar…

Axie Infinity will migrate all legacy accessories to ERC-1155 with a 1:1 airdrop on April 22, 2025. Legacy accessories will be locked after the April 22 snapshot to finalize the ERC-1155 transition. Axie Infinity has officially announced that the migration of accessories to the ERC-1155 token standard will begin on April 22, 2025. Accessory owners won’t have to do anything—all accessories will be automatically airdropped 1:1 to their wallets. But don’t get too excited, because a snapshot will be taken on that date, and old accessories will be locked immediately afterward. The Axie Accessory Migration to ERC-1155 is scheduled! Accessory…

Taking a closer look at Bitcoin’s current price action on the weekly timeframe and the critical importance of the $65,000 region in maintaining the bullish market structure. As Bitcoin (BTC) consolidates, it is essential to pay attention to key technical levels that will determine the direction of the market in the coming weeks. By understanding the confluence of levels around $65,000, we can position ourselves for higher-probability trades with a solid risk management framework. Key points: The $65,000 region and its technical confluence, which will allow a higher low to form The importance of waiting for support to be tested…

Ethereum (ETH) dropped 19.43% in 24 hours, hitting $1,452. Market cap fell to $175.31B while volume surged 405% to $32.31B. Today, Ethereum’s value has dropped significantly to $1,452.78, having realized a 19.43% drop in a span of 24 hours. Its market capitalisation value currently stands at an almost equivalent-valued percentage decline of $175.31 billion. However, despite this price decline, trading spiked by 405.03% in day volume to $32.31 billion. Thus, its market cap ratio is 18.21%, showing highly intense short-term trading pressures. The rest of the cryptocurrency market experienced a similar slip. The total market cap diminished by 11.04% to…

Cantor Fitzgerald analysts initiated coverage of Coinbase with an “Overweight” rating and price target of $245, arguing on Tuesday that Wall Street has overlooked how the crypto exchange’s stablecoin relationship with Circle dovetails with its Ethereum-based network. “We view both of these segments as being instrumental in changing the narrative surrounding COIN, from being a cyclical crypto trading platform to being a mission-critical infrastructure layer of the crypto economy,” Brett Knoblauch and Thomas Shinske wrote in an 84-page report. COIN is currently trading hands at approximately $150, down nearly 5% on the day and 12.5% over the last week amid…

Bitget is set to burn more than 30 million BGB for the first quarterly burn of 2025. The crypto exchange has recently updated its burn mechanism according to on-chain usage. According to a press release sent to crypto.news on April 9, the crypto exchange will be using a new burn mechanism for its native token that takes into account more of its on-chain usage. The new mechanism uses a utility-based model to calculate the amount of Bitget Tokens (BGB) to burn. The updated burn formula directly links quarterly burn volumes to the amount of BGB paid to on-chain gas fees…