Author: NBTC
Ethereum rallied nearly 40% last week, climbing from around $1,800 to $2,500, as risk appetite returned to digital assets amid easing trade tensions and a major network upgrade. The rally has drawn renewed interest in Ethereum, though analysts say further gains may depend on stronger fundamentals. U.S. President Donald Trump’s announcement of constructive talks with China, alongside a limited trade agreement with the U.K., helped drive macro optimism, lifting traditional equities on Monday. The Dow, S&P 500, and Nasdaq posted their largest one-day gains in months, led by strength in tech and industrial stocks. Digital assets, however, failed to sustain…
Mohamed El-Erian, Allianz chief economic advisor and president of Queens’ College, Cambridge University, said on CNBC’s “Squawk Box” that investors should expect fewer and later rate cuts from the Fed this year. According to El-Erian, although markets may see some relief in the short term in light of global economic uncertainties and geopolitical developments, the road is not smooth and will be quite bumpy. El-Erian, who pointed out that economic activity will increase in the next 90 days thanks to the trade truce between the US and China, stated that this situation may be temporary and many uncertainties still continue.…
With the majority of Shiba Inu (SHIB) holders currently in losses, the popular meme coin is facing challenging times. The latest IntoTheBlock data shows that 59% of token holders are “out of the money.” This means they are holding the tokens at a price higher than its current market value. The data also shows that only 4% of them are at break-even, while 37% are in profit. This indicates a tough period for Shiba Inu, given that the token recorded massive gains in 2021. Trading activity and community engagement decline At the time of writing, SHIB price is $0.000013, down…
Worldcoin must delete all user data and cease collecting biometric data from Kenyans, the country’s High Court has ruled in the latest blow to Sam Altman’s controversial project. Lady Justice Aburili Roselyne ruled that the Worldcoin Foundation and its agents must cease “from further processing, collecting or dealing in biometric data.” They must also not obtain consent from their users through inducement or luring them with digital tokens. The ruling is the culmination of a two-year legal battle that pitted Worldcoin—now known as World—against two local advocacy groups: Katiba Institute and ICJ Kenya. The latter is the Kenyan chapter of…
GFO-X has debuted its Financial Conduct Authority (FCA)-regulated crypto derivatives platform, the U.K’s first such trading venue for digital assets. The new platform executed its first trade on Tuesday between financial institutions Virtu Financial and IMC, and was cleared by DigitalAssetClear, GFO-X announced on Tuesday. DigitalAssetClear, created by London Stock Exchange Group (LSEG) subsidiary LCH, is a service for cash-settled bitcoin index futures and options contracts. GFO-X is also supported by major banks ABN AMRO, Nomura and Standard Chartered, who are providing clearing for transactions on the platform. The U.K.’s FCA lifted its ban from 2020 on crypto derivatives instruments…
SFT Protocol, a Web3 infrastructure protocol, has announced its strategic collaboration with Glacier Labs, a next-gen DePIN-powered modular L2 data network for Web3 and GenAI. This partnership aims to speed up the development of a robust, AI-powered Web3 ecosystem by bridging physical infrastructure with intelligent data networks. SFT Protocol has released this information through its official X Account. 🚀We’re excited to announce our partnership with @Glacier_Labs — a next-gen DePIN-powered modular L2 data network for Web3 and GenAI! 📡Glacier is pioneering decentralized data infrastructure, empowering large-scale dApps to build seamlessly on decentralized databases using… pic.twitter.com/gMPiKe8ebL — SFT Protocol (@SFTProtocol) May…
The spot Bitcoin ETF market is back in the spotlight, with BlackRock’s iShares Bitcoin Trust (IBIT) performing exceptionally. As revealed on X by ETF Store President Nate Geraci, BlackRock’s IBIT is now maintaining its 20-day inflow, an unusual one for an asset as young as it is. BlackRock Bitcoin ETF takes centerstage Drawing on the 20-day inflow streak, the BlackRock IBIT has raked in over $5 billion for this period. As Nate Geraci pointed out, the company’s ETF product has defied the “no demand” narrative from its critics in its early days. Pop the champagne…20 straight days of inflows for…
SoonChain, a platform for AI-powered blockchain gaming, reports partnering with Coral Finance to integrate AI-powered gaming into the pre-market decentralized finance (DeFi). This groundbreaking initiative marks a strategic wave of innovation in decentralized finance through Web3. This partnership aims to transform financial interactivity and user engagement, altering the landscape of blockchain. 🟦 Strategic Partnership Announcement 🟦We’re thrilled to announce a groundbreaking partnership between @soonchain_ai and @Coral_Finance combining the power of AI-driven gaming with the innovation of pre-market liquidity and expectation trading in Web3! 🚀💫 This… pic.twitter.com/prcPSG0htK — SoonChain 🟦 Testnet🔛 (@soonchain_ai) May 12, 2025 SoonChain to Boost the Evolution of…
As the crypto market warms up, Ethereum (ETH) is attracting attention with impressive gains. Today, market analyst Ali Martinez spotted what could be a defining moment for Ether’s price momentum. The analyst spotted crucial support levels that ETH must hold to maintain its uptrend. The most important support floor for #Ethereum is between $2,060 and $2,420, where 10 million wallets hold over 69 million $ETH! pic.twitter.com/dyyHAlAd6I — Ali (@ali_charts) May 12, 2025 ETH’s crucial support level for market rally Today, Martinez shared metrics on X showing interesting insight on the Ethereum market. Using the Global In/Out of the Money indicator,…
As Coinbase prepares to officially join the S&P 500 on May 19, CEO Brian Armstrong is already thinking several steps ahead – with two predictions that hint at where crypto could be heading next. While the company’s inclusion in the index is a big moment for the digital asset space, Armstrong’s focus is already on what comes after, and how crypto could become even more embedded in everyday finance. Thus, his first prediction is that cryptocurrencies will soon become a normal part of retirement savings, such as 401(k) plans. Since digital assets are becoming more popular among both regular and…