Author: NBTC

Ethereum price is still trying to recover the $1,900 mark as weak DeFi metrics and increased competition weigh on its price. Due to decreased liquidity and investor participation, the network’s total value locked decreased from $63 billion in January to $44 billion in February, according to DefiLlama data. Stablecoin inflows have slowed down, indicating a slower capital rotation into Ethereum (ETH) protocols. The data also shows that decentralized exchange trading volumes are down, from $92 billion in December to $82 billion in February. As other chains like Hyperliquid (HYPE) and Solana (SOL) register growing perpetual futures trading volumes, futures trading…

Until the new presidential administration took office, the digital asset industry was embroiled in an existential showdown with the U.S. Securities and Exchange Commission. For years, the SEC waged a scorched-earth regulation-by-enforcement campaign against the digital asset industry and its most-used platforms for failing to adhere to confusing — or non-existent — rules about what constitutes a security and who must register to buy and sell them. Now, under new leadership, the SEC has confirmed the end of its regulation-by-enforcement era. While this shift has dramatically reduced (though not eliminated) exposure to regulatory suits by the agency, the industry must…

Bitcoin (BTC) is on the verge of a decisive market juncture and must hold above $92,500 to maintain bullish momentum, according to a recent report by Glassnode. The report highlighted parallels between the current price structure and previous cycle peaks, raising concerns about potential downside risks should buying pressure wane. Supply conditions and historical patterns A key metric in assessing Bitcoin’s vulnerability is the supply held by short-term holders (STH), which mirrors patterns seen in May 2021. Similar accumulation trends during that cycle led to heightened sensitivity to price declines, triggering large-scale distribution events. Bitcoin’s current price hovers between $1,000…

Around 53% of Ethereum (ETH) addresses are currently operating at a loss as broader market volatility continues to take a toll on ETH’s price. The second-largest cryptocurrency by market capitalization is grappling with a challenging period worsened by macroeconomic challenges. Majority of Ethereum Addresses Hit by Losses In a recent post on X (formerly Twitter), CryptoRank shared that less than half of Ethereum addresses are profitable. “47% of addresses holding ETH are in profit at the current market price of $1,900.” the post read. In contrast, Bitcoin (BTC) has seen 86% of its holders in profit, demonstrating its relative stability…

The SEC began its formal review of CoinShares’ Litecoin ETF application, following Nasdaq’s filing today. The proposed ETF, structured as a Delaware Statutory Trust, aims to track Litecoin’s performance via the Compass Crypto Reference Index Litecoin – 4pm NY Time, minus fees and expenses. The trust would exclusively hold Litecoin and cash, with shares representing fractional undivided beneficial interests. Authorized Participants could create and redeem shares in 5,000-block increments. The SEC’s review period lasts 45 days, extendable to 90 days or more. Regulators will assess market surveillance, investor protections, and compliance measures. Nasdaq has a surveillance-sharing agreement with Coinbase Derivatives,…

The long-running legal showdown between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) could soon reach a resolution, Fox Business reported, citing “two well-placed sources.” The case, which has dragged on since December 2020 when the SEC accused Ripple of raising over $1.3 billion through unregistered sales of its closely related XRP token, may finally be wrapping up — though not without last-minute wrangling over its terms. Sources told Fox that Ripple’s legal team is pushing to renegotiate aspects of a pivotal 2023 ruling by District Judge Analisa Torres of the Southern District of New York (SDNY). That…

Bitcoin is repeating past moves where price held support before surging higher. If momentum builds the price could push toward $110K soon. A break below support might change sentiment and slow Bitcoin’s rise. Bitcoin is maintaining critical support near $95,612 as it rebounds from the trend-based dynamic support zone, according to analyst RickUntZ. The price structure aligns with previous impulsive moves, where BTC found support at similar levels before initiating significant uptrends. Historical patterns show that each time Bitcoin touched this area, a rally followed, suggesting another potential upside move if the trend remains intact. However, the market needs to…

Ethereum drops below $2K, with institutional investors facing massive losses. Market indicators remain bearish, but long-term holders continue accumulating ETH. March’s 21-day window will decide if ETH breaks its four-month losing streak. Ethereum has fallen below $2,000 again. Investors are feeling the heat, with major funds taking serious losses. World Liberty Fi, backed by Donald Trump, has been hit the hardest. The fund holds most of its crypto in Ethereum, and the latest drop has erased $110 million. With 21 days left in March, the next move could decide the trend. A rare four-month losing streak looms, adding pressure on…

BNB Smart Chain still logs a return of users, after years of being overshaded by Ethereum and Solana. The chain, which offers relatively low fees, is becoming the arena for a new wave of memes. BNB Smart Chain is attracting smart money away from Base as it turns into one of the new hubs for meme tokens. Binance’s network also aims to tap the former Solana meme traders, who have grown tired of rug pulls and cabal token launches. Nansen research shows a shift of smart money whales from Base to BNB Smart Chain. Solana is also slowing down, while…

Former Supreme Court attorney and alleged tax evader Tom Goldstein had access to a cryptocurrency wallet that channeled $100 million in transfers, according to a new filing from US federal prosecutors. The US originally filed an indictment against Goldstein—who is also known for co-founding the popular SCOTUSblog—on January 16, including counts of violating federal tax laws and failing to report cryptocurrency transactions. Filed on March 6, the latest submission includes new information regarding the volume of transactions on two unhosted wallets allegedly associated with Goldstein. One of them, referred to only as “935B,” served as a channel through which Goldstein…