Author: NBTC
The Ethereum price today is trading near the $2,500 mark after staging an aggressive breakout from a multi-month downtrend. On the daily chart, ETH surged past the descending resistance line drawn from the December 2024 high, clearing key horizontal levels at $1,950 and $2,200. This Ethereum price spike follows a sharp impulse move that saw ETH rally from below $1,800 to nearly $2,550 in just a few sessions. ETHUSD price dynamics (Source: TradingView) This breakout also confirmed a long-awaited trend reversal, invalidating the previous bearish channel. The Ethereum price action shows strong buyer momentum, but as the price now hovers…
Backpack Exchange has officially launched fund withdrawals for former FTX EU users starting May 12, 2025. Users must complete KYC with their old FTX EU details before claiming available funds. Backpack Exchange has finally opened the withdrawal process for former FTX EU users starting May 12, 2025. This is no ordinary announcement—for the thousands of users who have been waiting for clarity since FTX collapsed almost three years ago, this could be a light at the end of a dark tunnel. Former FTX EU customers may now complete the two-step process to claim their Euro funds via Backpack EU. 1.…
Bitcoin managed to stay above the $ 100,000 level, breaking a historical threshold, and briefly saw $ 106,000. This rise of the largest cryptocurrency, which has gained more than 70% in the last year, has further increased the interest of investors and institutions. Coinbase Institutional Strategy President John D’Agostino participated in CNBC’s Squawk Box program and evaluated the latest developments. D’Agostino stated that Bitcoin should not be evaluated like technology stocks and said, “It is more appropriate to view Bitcoin as a store of value with rarity like gold.” D’Agostino noted that investor interest in spot Bitcoin ETFs has increased…
Ethereum has experienced a notable surge in the past few weeks, reaching a crucial resistance region at the $2.6K level. However, the confluence of key resistance factors at this range suggests a likely consolidation before the next major move. Technical Analysis The Daily Chart ETH has been in a strong and impulsive uptrend, reflecting a clear return of demand and buying strength in the market. The price has now reached a critical resistance zone near $2.6K, which aligns with both the 200-day moving average and the previously broken lower boundary of a multi-month ascending channel. This confluence forms a strong…
Stablecoins are on the verge of mainstream adoption this year as the Trump administration pushes ahead with landmark crypto legislation, investment bank Deutsche Bank said in a research report Monday. Despite some resistance in the Senate last week, the bank said it still expects to see some progress on the stablecoin regulatory front this year. Stablecoins are cryptocurrencies whose value is tied to another asset, such as the U.S. dollar or gold. They play a major role in cryptocurrency markets and are also used to transfer money internationally. The Senate’s Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act…
This is a segment from the Forward Guidance newsletter. To read full editions, subscribe. A US litecoin ETF — and other altcoin products — will have to wait at least a little longer. But the chance such products see the light of day still appears quite good — and issuers continue plotting more crypto ETFs. The SEC decided on Monday to delay its ruling on Canary Capital’s proposed spot LTC offering. It requested the following: We might not get a ruling until the agency’s final deadline in October. Prior to the Monday delay filing, Bloomberg Intelligence’s James Seyffart held out…
Coinbase CEO Brian Armstrong has laid out an ambitious long-term vision for the company, stating that Coinbase aims to become the world’s leading financial services app within the next five to ten years. According to CNBC, Coinbase’s CEO stated that the crypto platform hopes to become one of the world’s largest financial services firms in a few years, aided by traditional players rapidly adopting cryptocurrencies. “In five- to 10 years, our goal is to be the number one financial services app in the world across those customer segments because we believe that crypto is eating financial services, and we are…
Abu Dhabi has initiated a new project to establish a quantum-resistant blockchain infrastructure for government and economic applications. The initiative, led by the Department of Government Enablement (DGE), aims to protect the emirate’s digital systems against emerging computational threats from quantum computing. It also seeks to enhance Abu Dhabi’s position in advanced technology deployment. Agile Dynamics, a consulting firm with experience in decentralized architecture, is the primary partner supporting the program’s development and execution of this government blockchain UAE project. Sovereign Layer 1 with Post-Quantum Cryptography at Core At the project’s core is designing a sovereign Layer 1 blockchain protocol…
Key Takeaways Shareholders want Dell to embrace Bitcoin, but the SEC rules proposal can be dropped. Dell argued the proposal concerned ordinary business operations and should remain under management’s control. The US SEC has granted multi-billion dollar tech firm Dell Technologies permission to exclude a shareholder proposal that would have required the company to evaluate Bitcoin as a potential treasury reverse asset, according to a recent letter issued by the agency. The proposal, put forward by the National Center for Public Policy Research (NCPPR) in January, sought to have Dell’s board conduct an assessment of whether adding Bitcoin to the…
Vietnam-based MEY Network has announced the sale of NFTs representing luxury real estate. The competition among real-world asset tokenization is heating up. On Tuesday, May 12, the MEY Network announced the launch of property token offering NFTs, enabling regular traders to invest in high-value real estate. PTO NFT Mint → RWA Supercycle 🏠🚪 Exclusive NFT mint coming your way.🚪 Passive income with consistent returns. 🚪 Fractional, liquid, and accessible ownership. 🚪 Gain access to 40+ tokenized properties worldwide.Learn more here: https://t.co/7GnDfNgF9G pic.twitter.com/y7dYPyfZUu — Mey Network (@Mey_Network) May 13, 2025 Before asset tokenization, luxury real estate investment was accessible only to…