Author: NBTC

After a volatile week of failed recoveries and fading momentum, Ethereum price is showing renewed signs of strain as it slips deeper into correction territory. Summary Ethereum price has fallen nearly 7% in 24 hours and 12% over the past week, erasing recent gains. The token is now trading near $3,773, about 15% lower than last month’s levels, signaling mounting weakness. The $3,800 support level is critical, with a weekly close below it risking a slide toward $3,450–$3,500, where heavy liquidity and prior buying interest sit. A recovery above $3,800 and $4,250 would require renewed institutional demand and strong ETF…

There’s little doubt that Tether has conquered the world with USDT. With a market cap of $171 billion, it outpaces all other stablecoins combined. Earlier this month, Tether introduced a new U.S. dollar stablecoin, USA₮, to compete with USDC in the domestic market under U.S. law. The company named Bo Hines to lead its U.S. unit and build issuance and custody around Anchorage Digital and Cantor Fitzgerald, a move disclosed after Congress enacted a federal framework for fiat-referenced tokens. USA₮, or USAT, is designed to meet the new regime’s reserve and disclosure requirements. The legislative backdrop arrived on July 18…

US President Donald Trump has appointed Michael Selig, who served as general counsel on the Securities and Exchange Commission’s (SEC) cryptocurrency task force, as Chairman of the Commodity Futures Trading Commission (CFTC). According to Bloomberg, this appointment comes at a time when the regulatory framework for cryptocurrency markets is being reshaped in Washington. Selig served as general counsel for the SEC’s 14-person Crypto Task Force. Previously, Selig worked as a partner at the renowned law firm Willkie Farr & Gallagher and served as a legal assistant to then-CFTC Commissioner Chris Giancarlo in 2014 and 2015. Giancarlo served as CFTC Chair…

Li Lin, the founder of Huobi and chairman of Hong Kong-based Avenir Capital, is spearheading a new $1 billion ether ETH$3,803.98 trust alongside several of Asia’s most influential early Ethereum investors, according to Bloomberg. The report, which cites people familiar with the matter, claims Li has teamed up with Fenbushi Capital co-founder Shen Bo, HashKey Group CEO Xiao Feng, and Meitu founder Cai Wensheng to form a digital asset trust designed to accumulate and hold Ether. The venture reportedly includes discussions to acquire a Nasdaq-listed company to structure the vehicle and has already secured roughly $1 billion in commitments. That…

Exciting news is rippling through the decentralized finance (DeFi) world! A significant development has just been announced that could reshape how investors approach digital assets. The innovative DeFi fund, iZUMi Finance, has officially launched a substantial iZUMi Finance crypto fund, amounting to an impressive $20 million. This groundbreaking initiative is a direct result of a strategic partnership with CIMG, a firm publicly listed on Nasdaq, bringing together the best of both traditional and decentralized finance. This collaboration, initially reported by The Daily Hodl, marks a pivotal moment for the crypto industry. It signifies growing institutional interest and confidence in the…

U.S. authorities have filed a motion aiming to take hold of the coins held in the wallets of the once-largest Russian cryptocurrency exchange, BTC-e. America’s justice department hopes to forfeit the digital money of the trading platform, which processed funds originating from all sorts of criminal activities. DOJ wants BTC-e’s cryptocurrency The U.S. Department of Justice is attempting to establish control over BTC-e’s crypto holdings as of the time the exchange collapsed, July 2017, Russian crypto media has learned. The DOJ has filed a lawsuit in the U.S. District Court of the District of Columbia, seeking the forfeiture of the…

Ethereum has slipped below the $4,000 mark for the first time this month, trading around $3,727 at press time. The decline reflects the lack of broad market support that has affected most major cryptocurrencies. Still, investors appear to be stepping in, signaling potential for a recovery in the coming days. Ethereum Investors Show Support The short-term holder Net Unrealized Profit/Loss (STH-NUPL) ratio recently dipped into the capitulation zone, indicating that most short-term holders are now realizing losses. Historically, this phase often precedes a market rebound as selling pressure eases and new demand begins to build. Ethereum’s current position mirrors past…

Global inflation persists, and fiat currencies weaken. Crypto emerges as an “inflation hedge” for millions of investors seeking to protect their wealth. MEXC’s report indicates that economic stress, cultural factors, and market cycles influence crypto adoption. It also highlights significant contrasts between regions. No One-Size-Fits-All Approach for Global Adoption As inflationary pressures and currency weakness persist, crypto is increasingly considered a haven. The latest report shared by MEXC shows that the share of global users citing crypto as an inflation hedge surged from 29% to 46% in Q2. It also reveals apparent regional differences. East Asia recorded the most significant…

Donald Trump’s decision to pardon former Binance chief CZ has ignited controversy, with critics calling it “disgusting” and questioning the links between politics and crypto. Summary Trump granted a full pardon to Binance founder CZ, erasing his money-laundering conviction. Reports reveal business links between Trump-affiliated firms and Binance entities, fueling concerns of collusion in the pardon process. Critics, including investor Adam Cochran, called the move “disgusting even for Trump,” accusing both sides of pay-for-crime politics. The pardon marks a new precedent in crypto regulation, showing how political power can reshape outcomes for convicted industry leaders. Table of Contents Trump grants…

The Russian state seems intent to bring most cryptocurrency miners out of the shadows, with the ultimate goal to tap into their profits through proper taxation. The finance ministry in Moscow has already added well over a thousand mining companies to a special register for entities engaged in the profitable business, in which Russia has become a major player. Russian government goes after mining profits Russia’s Ministry of Finance (Minfin) has set out to identify the majority of crypto mining firms in the vast country, in an effort to find out who’s minting Bitcoin and what they are making out…