Author: NBTC

Ethereum Chart Analysis: Holding the Line Ethereum (ETH) is currently trading around $2,530, slightly above a long-term ascending trendline that has provided consistent support since early May. This level, combined with horizontal support near $2,535, is critical for the short-term market structure. ETH/USD 2-hours chart – TradingView The 50-period SMA on the 2-hour chart sits above the current price at $2,629, showing that ETH has recently dipped below its short-term moving average — a sign of weakening momentum. However, the price is still holding key structural support. Meanwhile, the RSI is near 38, which is approaching oversold territory. Historically, such…

A new study by Chainplay and Strorible reveals that nearly 45% of venture capital (VC)-backed crypto projects have shut down, and 77% fail to generate $1,000 in monthly revenue. Top-Tier VC Firms Not Spared Nearly half (45%) of venture capital (VC)-backed crypto projects have ceased operations, while 77% fail to generate $1,000 in monthly revenue, a new Chainplay and Strorible study has determined. The study of 1,181 projects, which received funding between Jan. 1, 2023, and Dec. 31, 2024, also found the VC firm Polychain Capital had the highest rate of investment failures, with 44% of its projects dead. According…

President Donald Trump and Elon Musk’s fallout caused a major spikes in memecoin launches and trading, with the largest tokens by trading activity generating over $355 million in volume over the past 24 hours, according to DEX Screener data. As traders seized on the pair’s high-profile social media clash using Solana’s ecosystem, Official Trump (TRUMP) ranked first on DEX Screener’s 24-hour trending list, amassing roughly $228 million in volume. Additionally, the token reclaimed the $2 billion market cap level after losing it on June 5. Kill Big Beautiful Bill (KBBB) got the second-largest daily volume, with nearly $131 million traded…

B3, a layer-3 gaming protocol built on Ethereum network Base by former Coinbase employees, announced Tuesday that it has acquired gaming PC manufacturer Andromeda Insights to help fuel its push into hardware. And it’s starting with a crypto-focused PC setup, complete with a storage drive that can self-destruct at the press of a button. The move is designed to enable B3 to capture the entire gaming stack—protocol, games, and hardware—while providing Andromeda with additional resources to meet product demands. “B3’s strategic investment in a U.S.-based, high-performance PC rig maker is a long-term bet on where gaming is headed not just…

South Korea-based cryptocurrency exchange Upbit has announced that it will be adding support for two new digital assets, Hyperlane (HYPER) and RedStone (RED), on BTC and USDT trading pairs. With the listing of the new assets, investors will be able to buy and sell these tokens via the Upbit platform. Upbit Announces New Listings for HYPER and RED: Trading Begins in BTC and USDT Pairs Process Start and Restrictions The exchange warned users about some restrictions before trading support began: Buy orders will be restricted for the first 5 minutes. In the first 5 minutes, sell orders cannot be placed…

TaskOn, a leading firm for community engagement and growth, has recently announced an official collaboration with GPT360, a popular entity offering AI-led tools to attract communities and engage them online. The core purpose of this partnership is to develop and expand decentralized communities. The platform took to social media to disclose this landmark development. We’re excited to announce our collaboration with @GPT360_Official!GPT360 offers AI-driven tools that help projects attract, engage, and retain real, active communities.Join their community and stay tuned for updates!https://t.co/XF9PkPzxR1 pic.twitter.com/VI310zu3wb — TaskOn | Ultimate Web3 Community Growth Platform (@taskonxyz) May 30, 2025 TaskOn and GPT360 Join Forces…

CoinDesk Indices and decentralized finance (DeFi) specialist Sentora are introducing a benchmark tied to overnight stablecoin lending rates, bringing on-chain markets one step closer to mainstream money markets. The CoinDesk Overnight Rates (CDOR) are designed to transform real-time borrowing activity into standardized rates, giving trading firms, exchanges, and protocol treasuries a way to hedge interest-rate exposure or fix funding costs over time, the companies said in a Tuesday press release. The benchmarks will initially draw from Aave lending pools for USDT and USDC, the two most widely used stablecoins. They are calculated and published daily, based on the platform’s variable…

Hyperliquid’s ecosystem continues to thrive as the HYPE token rallies, with the official Hyperliquid NFTs, dubbed Hypurr NFTs, following suit with a fresh over-the-counter (OTC) all-time high price. Hypurr NFTs were offered to the top 5,500 users based on points earned on Hyperliquid prior to its token generation event, and the unreleased collection can currently be purchased and sold via OTC desks. On June 15, the OTC desks recorded their largest Hypurr NFT deal yet, worth $65,000, and a second bid at $65,000 followed 14 hours later. Screenshot – BlurCrypto X There is little official information circulating regarding the collection,…

Ethereum price pulled back in the past three days as traders adjust their positions for June, its historically worst month. Ethereum (ETH) has declined for three consecutive days, hitting a low of $2,500. That’s a 9.8% drop from its monthly high. Despite the pullback, it has outperformed most altcoins, many of which have fallen more than 15% from their highs this month. ETH retreated ahead of June, which is usually its worst month, because of the start of summer. CoinGlass data shows that the average monthly performance in June since 2016 is minus 7.4%. Its median monthly return in June…

Nasdaq-listed MicroCloud Hologram has invested up to $200 million in Bitcoin and cryptocurrency-related derivatives. According to a June 3 press release, the Shenzhen-based firm has acquired up to $200 million worth of Bitcoin and cryptocurrency-related securities derivatives, which include financial instruments tied to the performance of digital assets. MicroCloud said the purchased Bitcoin and its derivatives will be incorporated into its capital reserves. Unlike direct Bitcoin purchases added to a company’s treasury, derivatives offer exposure to price movements without requiring physical ownership of the asset. This approach allows firms like MicroCloud to manage volatility, hedge positions, and maintain liquidity while…