Author: NBTC
Wednesday’s softer-than-expected U.S. inflation has likely set the stage for accelerated gains in bitcoin BTC$107,915.59, potentially to $200,000 by the end of the year, according to Matt Mena, crypto research strategist at 21Shares.”If BTC breaks out of the $105K-$110K range with conviction, we could see a sharp move to $120K and, more importantly, reach our year-end price target of $138.5K by the end of the summer,” Mena told CoinDesk in an email. “Today’s CPI print may serve as a bullish catalyst for Bitcoin – and it may be the unlock that brings this target forward by several months. If momentum continues…
Cryptocurrency lending firm Maple Finance has partnered with crypto staking specialist Lido Finance to offer stablecoin credit lines backed by collateral in the form of Lido’s liquid staking token (stETH), the companies said on Thursday. The collaboration gives institutions the ability to borrow stablecoins without having to unwind their staked ETH positions. Borrowers can use stETH as collateral for credit lines underwritten by Maple’s in-house credit team, according to a press release. Lido’s stETH is a liquid version of staked ETH that can be put to work in decentralized finance (DeFi), while still earning rewards from staking. Restaking – the…
Ethereum (ETH) price is currently trading around $2,520, showing signs of short-term recovery after a sharp hourly dip earlier this week. With strong historical resistance at $2,750 and bullish momentum from the $2,200 zone, investors are wondering: could Ethereum price touch $3,000 or even aim for a new all-time high in June 2025? Let’s analyze the charts and technical levels to understand where ETH may be headed next. Ethereum Price Prediction: Is Ethereum Building a Strong Base Above $2,200? ETH/USD Daily Chart- TradingView On the daily chart, Ethereum price made a clean breakout from its months-long sideways consolidation in early…
This is a segment from the Empire newsletter. To read full editions, subscribe. I know we’ve been talking a lot about Circle, but let’s be honest…whether you love or hate the firm, it’s a huge success story this week. The stablecoin issuer finally debuted on the New York Stock Exchange yesterday, jumping as high as $103 before closing around $83. Quite a ride if you were watching it in real time, but if you weren’t, it closed up over 160% after pricing at $31 Wednesday night. What was clear today was that retail was just as interested as institutions (ICYMI:…
Crypto regulation is poised for a breakthrough as a top SEC official champions streamlined oversight, expanded custody options, and investor-friendly policies empowering digital asset adoption. SEC Commissioner Aims to Cut Regulatory Red Tape in Crypto Oversight U.S. Securities and Exchange Commission (SEC) Commissioner Hester Peirce advocated for a more accommodating regulatory approach to digital assets on June 5 at the Third Annual Conference on Emerging Trends in Asset Management in Washington, D.C. Highlighting inefficiencies in the Commission’s handling of crypto products, Peirce pointed to the SEC’s delayed approval of spot bitcoin and ether exchange-traded products (ETPs), which only occurred after…
The Sonic airdrop, listed on Binance, has finally gone live and distributions are about to begin. The Sonic Airdrop is the first token distribution event for Sonic (S) by Sonic Labs and is designed to reward early adopters and increase engagement across the Sonic Labs ecosystem. Sonic Labs, which will begin distributions, continues to share details about the airdrop. At this point, Sonic Labs announced in its new announcement that all seasons of the approximately 200 million S token airdrop are also open to US residents. With this move, Sonic Labs became one of the first altcoin projects to legally…
INTO, a Matchain-built Web3 trailblazer, has announced an official partnership with Dragonfly, a well-known Web3 platform devoted to fortifying robust early-stage DeFi projects. The collaboration aims to enhance Web3 accessibility as well as financial inclusion. The platform took to its official social media account on X to reveal this exclusive endeavor. We’re pumped to announce our partnership with @dragonflyen_ ! 🤝🐉An innovative aggregation platform integrating DeFi, RWA, and DEX — built on the TRC20 protocol as an inclusive finance gateway, empowering everyday users through blockchain and driving wealth inclusion in the… https://t.co/pqHI1yJdam — INTO (@intoverse_) June 5, 2025 INTO and…
Morpho, a permissionless cryptocurrency lending protocol, unveiled an update that seeks to further align decentralized finance (DeFi) with traditional lending by bringing more in the way of bespoke, predictable loan terms. Morpho V2 delivers market-driven fixed-rate, fixed-term loans with customizable terms, features previously unseen in DeFi, which are required to meet the demands of institutions and enterprises looking to build or migrate financial products on-chain, Morpho said in a press release on Thursday. DeFi, a blockchain-based and automated system of lending and borrowing on-chain assets, is set to surge this year, just as it did in 2021, particularly because of…
Ethereum has experienced a sharp pullback, retracing over 10% since yesterday as the broader crypto market faced a wave of volatility. Despite the decline, bulls are showing resilience. ETH failed to break below the critical $2,300 mark and is now holding firm above $2,400, a sign that demand remains strong at current levels. Investors are watching closely as Ethereum consolidates and attempts to recover lost ground. Top analyst M-Log1 shared a technical update indicating that ETH is currently sitting around the 200-period moving average on the 4-hour chart. This level often acts as a major trend indicator, and reclaiming it…
Three asset managers — VanEck, 21Shares, and Canary Capital — have co-signed a letter urging the SEC to restore its traditional “first-to-file, first-to-approve” standard for exchange-traded products. The letter, published on VanEck’s official X account on June 6, expresses concern over the recent departure from its traditional practice of approving ETPs in the order they were filed. The Commission has adopted a simultaneous approval process, which, according to the fund managers, has disadvantaged smaller firms and stifled innovation in the $15.4 trillion US ETF market. “When the Commission plays favorites, it costs ETP sponsors money and makes the ETP marketplace…