Author: NBTC
Bitcoin’s BTC$108,938.85 rise to new all-time highs is happening on a backdrop of deep economic strain, according to a new report from Cathie Wood-led ARK Invest.Bitcoin’s 11.1% climb in May, outpaced gold and broke through key resistance levels, said ARK. Gains also coincided with clear signs of stress in the housing and auto sectors, traditionally seen as pillars of U.S. consumer strength. In housing, the number of sellers has far outpaced buyers, a trend ARK links to the Federal Reserve’s steep rate hikes since 2022. With affordability deteriorating, pressure is mounting on prices in what remains the largest source of…
Less than two years into his prison sentence, the character of Sam Bankman‑Fried has appeared as a fictional inmate in “Luigi: The Musical,” a satirical play that sold out its San Francisco run. Alongside Luigi Mangione, the alleged killer of UnitedHealthcare CEO Brian Thompson, and Sean “Diddy” Combs, who faces federal sex trafficking charges, Bankman-Fried’s character humorously jabs at Silicon Valley culture from a prison cell. The production opened last Friday at the 49-seat Taylor Street Theatre, imagining the three men as cellmates at Brooklyn’s Metropolitan Detention Center, where they were all housed —a reference to what actually happened in…
Ethereum is forming a bullish cup-and-handle pattern above its 200-day EMA as it trades around $2,509. Will ETH break out above $3,000? Ethereum continues to consolidate within a range, maintaining dominance above its 200-day EMA at $2,457. As ETH’s consolidation persists, a bullish cup-and-handle pattern is emerging on the daily chart. Will Ethereum break out of the pattern for an extended rally? Ethereum Price Analysis On the daily chart, Ethereum displays a rounding-bottom reversal between February and May, with the neckline aligning with the 61.80% Fibonacci level at $2,712. Currently, Ethereum is moving sideways just below this neckline, supported by…
The lawsuits against the LIBRA token project are heating up once again. Burwick Law has requested the freeze of LIBRA assets in wallets linked to Hayden Davis. The law firm, one of the main drivers of class-action lawsuits for meme tokens, has requested the additional freezing of LIBRA tokens in wallets linked to the initial team and influencers. The New York Southern District Court has granted an order to limit the trading or transfers of assets from LIBRA team wallets. The main problem with LIBRA is that even defunct tokens can be active on-chain. LIBRA is entirely permissionless and even…
Bybit officially delisted the GME/USDT perpetual contract on March 25, 2025, at 9:00 AM UTC. The exchange confirmed that all trading, open orders, and bot activity tied to the contract were disabled. Positions were auto-closed using the 30-minute average index price before delisting. Bybit’s move impacted users involved in trading GME derivatives. Traders saw their positions forcibly closed, with no option to manage exposure or adjust stop-loss levels ahead of time. Immediate Aftermath: Sudden GME Price Spike Despite the delisting, the GME token saw a surprising 15% jump within hours. Before delisting, GME traded near $0.0026. It then surged to…
Incentiv, an exclusive L1 blockchain protocol, has announced its official launch. As per Incentiv, its testnet is now formally live in partnership with Micro3, a community growth project, to improve blockchain accessibility. The platform took to its official X account to share this development its the community. 🚨 Testnet Alert 🚨@Incentiv_net is LIVE with their community growth protocol — and YOU can be the first to explore it.💥 Run the quest https://t.co/kYwXhfagCA pic.twitter.com/3LXGEz8RVp — Micro3 (@Micro3io) May 31, 2025 Incentiv Network Announces Testnet Launch to Increase Blockchain Accessibility In its recent X post, Incentiv disclosed its testnet release that focuses…
Ethereum continues to demonstrate notable resilience amid growing economic headwinds, maintaining its footing above the $2,500 support level despite intensified market volatility. The asset rebounded sharply from $2,472.84 to a session high of $2,547.92, with price currently holding near $2,514. Technical momentum remains intact as higher lows persist, supported by strong demand around the $2,486-$2,490 zone. Trade tensions between the United States and China and the recent climb in US Treasury yields have weighed heavily on risk assets, but Ethereum has held up comparatively well. Meanwhile, spot ETF inflows have added a tailwind, with $3 billion in net investment over…
On June 3, 2025, Strategy (formerly known as MicroStrategy) introduced a new perpetual called Stride (STRD). The stock will allow investors to get a 10% yield from Bitcoin without buying it directly, while Strategy will get cash to buy more Bitcoin. The new stock received a mixed reception from the crypto community. What is Stride? Following the release of Strife and Strike, Strategy introduced a new preferred stock offering, Series A Preferred Stock Stride (STRD). Stride is a 10% noncallable non-cumulative perpetual. Its fixed dividend of 10% is above Strike’s 8% dividend, but has a lower seniority if compared to…
Cryptocurrency analysis platform Santiment shared the altcoins with the most intense development activity in the last 30 days among the projects developed on the Ethereum network. According to the announced data, Chainlink, Starknet, Ethereum and EigenLayer ranked first among the projects with the highest developer interest. Santiment determines this ranking based on significant development activity tracked on GitHub. Projects included in the list reflect the level of contribution from the developer community to the projects. Here are the altcoins that crypto developers have focused on the most in the last 30 days, along with their developer activity and total market…
The draft project, introduced by Representative Shirley Rivera to the Guatemalan Congress, establishes several rules aimed at positioning Guatemala at the forefront of cryptocurrency regulation. The bill provides tax exemptions for personal transactions and regulates the voluntary use of crypto for payments. Bill Regulating Cryptocurrency Payments Proposed Before Guatemalan Congress Increasingly, countries are rushing to establish clear cryptocurrency regulatory frameworks to avoid being left behind in this area. Representative Shirley Rivera recently introduced a cryptocurrency bill into the Guatemalan Congress that seeks to clarify the rules that citizens and companies must follow to leverage these tools. The draft, which contains…