Author: NBTC

Bitcoin is circling just below the critical $112,000 mark once again, teasing its all-time high. Currently trading close to $109,900, Bitcoin has demonstrated remarkable tenacity and upward momentum after a successful recovery from the $105,000 support zone. Technically, Bitcoin is still in a strong upward trend. While remaining well above the 100-day ($97,901) and 200-day ($92,302) moving averages, the price has continuously honored the 50-day moving average, which is currently around $105,645. As long as momentum does not reverse, this bullish structure indicates that Bitcoin is still in a strong position for another leg up. However, the data on social…

Ethereum (ETH) continues its quiet but steady upward movement, and crypto analyst Michaël van de Poppe is hinting that this could be due to rising accumulation. He also predicts that an “explosive altcoin season might be just around the corner.” Poppe: ETH/BTC Chart Shows Bullish Structure, Eyes Key Breakout Poppe shared a detailed analysis of the ETH/BTC daily chart which revealed that the pair recently held support around the 0.023-0.024 BTC region, a level previously identified as a must-hold zone. The pair is now consolidating just under the 0.02884 BTC resistance, an area that previously acted as a strong supply…

Tesla shares (TSLA) dropped nearly 9% to under $303 on Thursday afternoon, as tensions between President Donald Trump and Tesla CEO Elon Musk spilled into public view. Source: Yahoo Finance Just days ago, the pair shared a White House farewell as Elon Musk stepped down from his role as head of the Department of Government Efficiency (DOGE), where he served as a special government employee. However, the relationship quickly soured after Musk blasted President Donald Trump’s “One Big Beautiful Bill” in a June 3 X post, calling it a “disgusting abomination” and slamming it as bloated, wasteful, and deficit-busting. The…

Salima, a cryptocurrency enthusiast, recently shed light on an intriguing research report from the Universitat Politècnica de València. The study shows how IOTA and Virtual Watchtower by TWIN are working to create a real-time, trustless, and fully traceable network for the maritime industry. Recently, the Universitat Politècnica de València carried out a study and published its findings in a report titled “IoT Node for Monitoring and Traceability of Live Plants in Maritime Transport.” Salima, a follower of both technology and cryptocurrency, highlighted some of the report’s most interesting insights in a post on X. The study proposes equipping shipping containers…

Tornado Cash founder Roman Storm is making desperate pleas for donations to fund his legal defense, as he faces the imminent possibility of years in prison. The founder of the crypto coin-mixing service for anonymous payments is asking for another $2 million after already seemingly expending millions over the past two years. In August 2023, the US government alleged that Storm and his co-founder made millions of dollars through Tornado Cash. According to Storm, seizures and subsequent legal expenses have depleted those resources. In August 2022, the US Treasury’s Office of Foreign Assets Control (OFAC) sanctioned Tornado Cash over its…

Zodia Custody, the crypto custodian backed by big banks like Standard Chartered and SBI, will handle the safekeeping of tokenized emeralds, through a partnership with GEMx, a Swiss fintech company that specializes in blockchain-based co-ownership of the precious stones. The partnership allows access to the gemstone market through the EmGemX token, a way for institutional investors to receive fractional ownership in a diversified portfolio of high-quality emeralds, according to a press release on Wednesday. The tokenization of real world assets (RWAs) is bringing the blockchain world closer to traditional finance. In this case, physical emeralds, which have seen an average…

The company raised $750 million in a private investment in public equity (PIPE) transaction at the end of May to acquire bitcoin. Bitcoin As an AI Safety Net: Strive CEO Artificial intelligence (AI) may wipe out 50% of all entry-level white-collar jobs within five years according to Dario Amodei, CEO of AI firm Anthropic. Similarly, Matt Cole CEO of Strive Asset Management says half the companies in the S&P 500 today may vanish in the wake of AI disruption, unless they hedge with bitcoin. We’ve seen this movie before. Roughly 50% of the firms that made up the S&P 500…

Galaxy Digital withdrew large amounts of Ethereum through OTC transactions, transferring it to an address reportedly linked to a whale or institution. This comes as the price of Ethereum (ETH) consolidates at $2,626.51, reflecting a slight 0.64% increase in the past 24 hours. According to Lookonchain, Galaxy Digital’s over-the-counter (OTC) wallet withdrew 89,000 ETH from an exchange. This withdrawal, worth about $234 million, quickly grabbed the market’s attention. However, the transfers didn’t stop there. It seems that a whale/institution bought 108,278 $ETH($283M) through OTC. Galaxy Digital OTC wallet withdrew 89,000 $ETH($233.5M) from exchanges in the past 12 hours, and then…

Shares of Circle (CRCL) surged in its first day of trading on the New York Stock Exchange (NYSE), closing at $83 after coming public at $31. The stock spiked to as high as $104 after the first trades crossed the board at $69. For traders and analysts alike, though, the focus now shifts to whether the stock can hold its ground in the days and weeks ahead. Coinbase’s 2021 IPO, which was initially hailed as a watershed moment for the crypto industry, offers a cautionary tale. That stock opened at $381 on Nasdaq, briefly climbed to $430, and then slid…

The launch of Plasma’s initial coin offering (ICO) has been accused of being dominated by a small number of whales. Plasma’s ICO is a little different from older ICOs, with the initial sale allowing you to purchase “units,” which “determine your guaranteed option to purchase XPL.” Plasma advertises itself as “a high-throughput, scalable blockchain purpose-built for stablecoins.” Its ICO was launched earlier today, June 9, with an initial deposit cap of $250 million and a $50 million cap per wallet. Its deposit vaults were filled mere moments later. Read more: What are Ethereum roll-ups and why do they matter? This…