Author: NBTC

Ethereum has been trading sideways over the past week, struggling to break out of the negative trend that cut its weeks-long rally short. Summary Ethereum is struggling to climb above $3,600 amid mounting sell pressure. Polymarket traders see a 54% chance of a new ETH all-time high in 2024 Growing institutional interest in Ethereum is fueling bullish sentiment. Trading slightly over $3,617 at the time of writing, Ethereum (ETH) is down roughly 1.4% in the past 24 hours and 4.4% on the week. The decline marks a U-turn from its recent 50% climb, which stalled just before the $4,000 mark…

The crypto market staged a sharp rebound in July, with total market capitalization climbing 14% from the previous month to $3.7 trillion, Wall Street bank JPMorgan (JPM) said in a research report Thursday. Average market cap rose 12% in the same period, driven by broad-based gains across tokens, decentralized finance (DeFi), non-fungible tokens (NFTs) and exchange-traded products (ETPs), but ether (ETH) stole the spotlight, the report said. Ether’s market cap surged 49% last month, far outpacing bitcoin’s 8% gain. JPMorgan attributed the move partly to the Ethereum blockchain’s dominant role in stablecoin issuance and growing institutional flows into ETH-linked products.…

Two Estonian nationals who co-founded the cryptocurrency mining service HashFlare are scheduled to be sentenced on Thursday after pleading guilty to conspiracy to commit wire fraud as part of a plea deal with prosecutors. In a Monday filing, US prosecutors pushed back against many of the claims made by lawyers for HashFlare co-founders Sergei Potapenko and Ivan Turogin in their sentencing recommendation. The two men requested time served, while lawyers representing the US government have asked the judge to sentence them to 10 years in prison, arguing “the harm HashFlare’s victims suffered could not be more real.” “[…] Defendants argue…

Revolut has given its 60 million users a backstage pass to the real-world asset (RWA) revolution. By listing RedStone’s RED token, the fintech giant is enabling retail investors to stake in the oracle network quietly powering BlackRock, Apollo, and VanEck’s on-chain strategies. Summary Revolut lists RedStone’s RED token, opening retail access to the oracle infrastructure behind real-world assets. The move allows 60 million Revolut users to participate in staking and governance of a key DeFi network. RedStone supports 170+ protocols, including tokenized funds from BlackRock, Apollo, and VanEck. According to a press release shared with crypto.news on August 13, Swiss-based…

Maple, the onchain asset manager known for bridging institutional-grade finance with DeFi, has launched the first-ever perpetual trading integration for its yield-bearing stablecoin, syrupUSDC, on Drift Protocol — Solana’s leading decentralized perpetual futures exchange.—The move lets traders deposit syrupUSDC as margin while earning 7–8% APY, even when positions are open or capital is idle. This reduces the opportunity cost of holding collateral, giving traders a way to generate income that can offset funding fees or be reinvested for higher returns.To drive early adoption, Maple and Drift have deployed $100,000 in incentives, with an initial supply cap of $50 million for…

Ethereum currently hovers around the $3.5K mark. The market witnessed $77.19 million in ETH liquidations. The potent bearish trap set within the crypto market has pushed the assets into the red zone. The prices have lost momentum and slipped back to recent lows. With the Fear and Greed Index value holding at 52, the neutral sentiment is lingering across the market. However, the largest altcoin, Ethereum (ETH), followed suit and began trading on the downside. The altcoin’s attempt to ascend above the $3.7K range has failed and sunk to the previous lows. As per CMC data, ETH opened the day…

A truly exciting development is currently unfolding in the corporate world, capturing significant attention within the digital asset space. Nasdaq-listed Jeffs’ Brands is making a bold and strategic move, announcing plans to invest a substantial sum – up to $75 million – into an innovative Jeffs’ Brands crypto treasury strategy. This ambitious venture signals a significant and growing trend among publicly traded companies that are exploring advanced, AI-driven methods to manage their financial assets within the dynamic cryptocurrency landscape. What is Powering This AI Crypto Treasury Strategy? Jeffs’ Brands intends to strategically allocate its considerable capital across five major cryptocurrencies.…

The U.S. is poised to redefine global crypto regulation with a groundbreaking framework enabling clear token standards, innovation pathways, and compliance models tailored to blockchain’s real-world dynamics. Binance Boss Sees US Setting Global Standard With Innovation-Friendly Regulation Binance chief executive Richard Teng outlined his support for U.S. efforts to modernize digital asset oversight on social media platform X last week. He argued that the country is shifting from adapting decades-old securities rules to a framework that better reflects the realities of blockchain markets. “The U.S. is finally moving beyond trying to retrofit 80-year-old securities laws to blockchain technology. The combined…

A buzz recently swept through the cryptocurrency community as a significant Ethereum transfer caught the attention of market observers. Whale Alert, a prominent blockchain tracker, reported a massive movement of 20,000 ETH, valued at approximately $94.2 million, from crypto investment firm Abraxas Capital directly to the Bitfinex exchange. This substantial ETH whale transaction immediately sparked discussions about its potential implications for the broader crypto market impact, highlighting a notable institutional crypto movement. Such large-scale movements are always worth analyzing. What Just Happened? Decoding the ETH Whale Transaction On [Insert Date if available, otherwise omit], Whale Alert confirmed this notable movement.…

The world of decentralized finance just hit a massive milestone! Total lending protocol deposits have officially reached an astounding all-time-high of $100 billion. This significant achievement, reported by Unfolded via X, underscores the rapidly expanding trust and participation in the DeFi ecosystem. For anyone tracking the pulse of cryptocurrency lending, this figure is a clear signal of robust growth and increasing utility within the space. What’s Driving This Monumental Growth in Lending Protocol Deposits? This remarkable surge in lending protocol deposits isn’t happening in a vacuum. Several factors contribute to the escalating interest in DeFi lending platforms. Investors and users…