Author: NBTC
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…
Billionaire investor Ray Dalio has said his goodbye to Bridgewater Associates, a hedge fund giant he founded 50 years ago. Dalio sold his last remaining stake in Bridgewater and stepped off its board, The Wall Street Journal reported on Thursday. After buying Dalio’s shares, Bridgewater reportedly issued new shares to the sovereign wealth fund of Brunei in a multibillion-dollar deal that brought it an almost 20% stake in the company. Source: Ray Dalio Dalio took to X on Thursday to say he was thrilled to be passing along Bridgewater to the next generation, adding: “I love seeing Bridgewater alive and…
New York’s top financial regulator has fined Paxos, a New York City-based stablecoin issuer, $26.5 million for “systemic failures” in its compliance and anti-money laundering programs, including a past partnership with global crypto exchange Binance, according to a Thursday announcement. In addition to the fine, Paxos agreed to spend another $22 million improving its compliance program to bring it up to snuff with the New York Department of Financial Services’ (NYDFS) standards. “The Department of Financial Services has led the nation in regulating the virtual currency industry, protecting consumers and markets through examinations, supervision, and where necessary, enforcement,” NYDFS Superintendent…
In the rapidly evolving landscape of artificial intelligence, a new challenge has emerged: how do AI agents efficiently handle transactions? Imagine a world where your AI assistant needs to pay for every piece of information or service it accesses online, constantly asking for your approval or needing new subscriptions. This friction is exactly what Lava Payments aims to eliminate, positioning itself at the forefront of the next wave of AI payments. Revolutionizing Transactions: Why AI Payments Are Essential? The digital frontier is rapidly being reshaped by autonomous AI agents, capable of performing complex tasks on behalf of users. However, as…
Ethereum price rebounds after retesting its daily support at $3,730, keeping intact the chances to reach $4,000. On-chain data shows that ETH whale wallets continue to accumulate ETH tokens, while exchange reserves hit a 9-year low. Ether Machine announced on Ethereum’s 10th birthday that its subsidiary has purchased nearly 15,000 ETH. Ethereum (ETH) marked its 10th anniversary this week with growing signs of bullish momentum, trading above $3,800 at the time of writing after bouncing off a key support level the previous day. On-chain data shows a steady accumulation of ETH tokens by whale wallets during July, while exchange reserves…
The rapidly-expanding crop of public companies using their stock to accumulate digital asset treasuries ought to trigger lessons from history about the way compounded risks can spread through the financial system and then dramatically unravel, warns a report on the trend by Galaxy Digital. The growth model of Digital Asset Treasury Companies (DATCOs), which now account for over $100 billion in digital assets, critically depends on a persistent equity premium to net asset value (NAV), driven by the up-only trajectory of cryptocurrencies like Bitcoin and Ethereum tokens (ETH). If the premium collapses, or worse, flips to a discount, the model…
Coin mixers have captured the attention of both the cryptocurrency community and regulators as the battle for privacy ramps up. In 2021, the founder of coin mixer Bitcoin Fog was arrested on charges including money laundering and operating a money transmission business without a license. A year later, the U.S. Treasury Department issued sanctions against Tornado Cash, an Ethereum coin mixing service, effectively banning Americans from using it. In a landmark ruling in November 2024, the U.S. Fifth Circuit Court ruled that the Treasury had overstepped by sanctioning Tornado Cash’s smart contracts, although its broader designation remained intact. In a…
Exciting news for European crypto enthusiasts! Binance, the world’s leading blockchain ecosystem, has just rolled out a game-changing feature that simplifies how you access your funds. Now, you can enjoy near-instant crypto withdrawals directly to your Mastercard accounts. This update is a significant leap forward, making crypto to fiat conversion faster and more convenient for millions across the continent. Forget long waiting times; your digital assets can now become spendable cash in a flash, streamlining Binance Mastercard withdrawals for eligible users. What’s the Big Deal with Binance Mastercard Withdrawals? Binance’s new “Buy & Sell” service is designed to bridge the…
ETH derivatives show weak momentum despite strong ETF inflows. Ethereum’s network activity and TVL continue to decline. Technical analysis hints at long-term upside, but traders stay cautious. Ethereum (ETH) has seen a strong price surge in recent weeks, gaining more than 54% over the past month and trading at around $3,755 at press time. However, despite this rally and strong spot ETF inflows, derivatives market data paints a very different picture, casting doubt on whether Ethereum can break through the psychologically significant $4,000 level any time soon. In essence, the disconnect between bullish institutional inflows and weak derivatives metrics raises…
Ethena’s synthetic stablecoin, USDe, has crossed $8.4 billion in supply, adding more than $3.14 billion over 20 days in a surge that outpaced flows into BlackRock’s (BLK) flagship bitcoin and ether exchange-traded funds. According to on-chain data curated by the Ethena community, the supply increase since July 17 is the fastest period of growth since the protocol’s inception in February 2024. Inflow into the yield-bearing stablecoin exceeds the $2.75 billion added to BlackRock’s ether ETF (ETHA) and the $1.60 billion into its bitcoin ETF (IBIT) in the same period, making the DeFi-native stablecoin the biggest magnet for capital across both…