Author: NBTC
Kraken has added PayPal as a funding option for U.S. users, enabling instant USD deposits with no bank details needed. The feature has seen over $1M in volume during an unpromoted soft launch. Summary U.S. customers can now fund Kraken accounts instantly via PayPal, using balances, linked bank accounts, or cards. The feature saw strong early demand, processing over $1M in deposits during its soft launch without promotion. Kraken is also among the exchanges now integrated into PayPal’s new “Pay with Crypto” system. Kraken has launched PayPal as a new funding method for its U.S. customers, allowing instant USD deposits…
Ether (ETH) hovered near $3,800 on Thursday as increasingly bullish price targets circulated on crypto social media, including one analyst who outlined a case for $16,000 based on long-term technical setups and sustained institutional inflows. “Edward”, a popular chart analyst on X, argued in a Thursday post that a five-digit ether price is now within reach, pointing to a “clean ascending triangle” formation on the monthly ETH chart. This structure, commonly seen as a pre-breakout pattern, mirrors technical conditions observed in 2020 — just before ether embarked on a 2,000% rally. In Edward’s view, a decisive breakout above $4,000 could…
US President Donald Trump has once again sharpened his criticism of Federal Reserve Chairman Jerome Powell. Trump, who called Powell a “stubborn fool” in his remarks, said interest rates needed to be lowered urgently and dramatically. “If Powell won’t cut rates, the Fed Board of Governors needs to take control,” he said. Trump’s harsh statement, along with the actions and decisions he has taken in the last 24 hours, coincides with a very busy period for the US economy and foreign policy. Here are some of Trump’s notable actions from the past 24 hours: Trump signed an executive order Thursday…
The European Banking Authority (EBA) has finalized rules requiring banks to hold significantly more capital against so-called “unbacked” cryptocurrencies like Bitcoin and Ether. In its final draft of regulatory technical standards released on Tuesday, the EBA said the rules aim to “address implementation aspects and will ensure harmonisation of the capital requirements on crypto-asset exposures by institutions across the EU.” The framework applies to European Union-based banks holding crypto assets on their balance sheets. According to the accompanying documentation, digital assets in group 2 (a and b) are subject to “a general 1,250%” risk weight. Group 2b refers to “other”…
Fresh proof-of-reserves data from Binance shows that users added another 502.76 billion Shiba Inu (SHIB) in July alone, taking total customer balances to 55.83 trillion tokens as of Aug. 1. That is a major increase from the 55.32 trillion SHIB recorded just one month earlier. The figures come directly from Binance’s zk-SNARK–verified audit, offering a transparent and verifiable snapshot of asset growth on the world’s largest crypto exchange. Binance matched the demand with 55.72 trillion SHIB in total reserves, split between 55.71 trillion on-platform and 1.58 trillion in third-party custody. The final SHIB reserve ratio was 100.71%, which shows that…
Ethereum (ETH) is seeing lower unrealized gains during its latest rally, potentially helping it avoid selling pressure. ETH switched to accumulation, surpassing BTC with short-term demand in July. Ethereum recovered to levels not seen since March 2024, inching up toward the $4,000 level. However, the token is not weighed down by unrealized profits this time around. According to Glassnode data, ETH has much lower relative unrealized gains. In the past year, Ethereum whales were busy trading, trying to achieve a lower average price. During the latest rally, however, some of the purchases were made at a higher market price in…
By Francisco Rodrigues (All times ET unless indicated otherwise) The wind seems to be coming out of the crypto market’s sails. Bitcoin fell 3% in the past 24 hours, dropping below $115,000, and it’s actually one of the better performing of the largest cryptocurrencies. The CoinDesk 20 (CD20) index, a measure of the broader market, fell 6% with ether (ETH) down 5.7% after posting its strongest monthly gain in three years and XRP losing more than 7%.The drop comes as some of President Donald Trump’s tariffs started taking effect with more due to kick in on Aug. 7. The levies…
Yesterday’s guilty verdict for Roman Storm on the count of conspiracy to operate an unlicensed money service business is absolutely insane. FinCEN, the regulator responsible for licensing, monitoring, and enforcement actions concerning criminal activity in money transmission has themselves explicitly stated that self-custodial tooling that facilitates the transmission of value using cryptocurrencies are not money transmitters and are not subject to the relevant regulations. So how did we get here? Eight months after the election of a president who describes himself as a Bitcoin and cryptocurrency advocate, after the Department of Justice themselves have explicitly stated that they are not…
If you’ve been looking for a reason to spend your crypto, US convenience store chain Sheetz just gave you a big one. The pro-crypto retailer has announced a 50% discount on all purchases made with digital assets through the Flexa network. The promotion, which the company is calling “Crypto Crave & Save,” is designed to encourage more real-world spending with cryptocurrencies and is running every day from 3 PM to 7 PM at participating locations. Sheetz Has Been Accepting Crypto Payments Since 2021 Sheetz is one of the most crypto-forward retailers in the U.S. The company is running the new…
Ethereum continues to hold its bullish structure, trading just below the key $4,100 level. After a strong multi-week rally, the asset is showing signs of slowing momentum, but still maintains its higher-timeframe breakout structure. With short liquidations still spiking and no signs of aggressive profit-taking yet, bulls are trying to push higher, but risks of local pullbacks are increasing. Technical Analysis By ShayanMarkets The Daily Chart On the daily chart, ETH is consolidating below its previous high at $4,100 after a clean breakout above the $2,800 and $3,300 resistance levels. The $3,300 region had previously acted as a supply zone…