Author: NBTC

Despite the successful implementation of the Pectra upgrade, the market response has been notably muted as ETH price recorded only a modest 5% uptick. What’s holding back ETH price? Ethereum (ETH) successfully implemented the Pectra upgrade on May 7, yet the market’s reaction was underwhelming. On the day of the upgrade, ETH opened at $1,849 and closed at $1,811, recording a slight 2% decline. At press time, ETH is trading at $1,936, marking a mere 5% gain from its May 7 opening. The subdued response can be partly attributed to macro headwinds — most notably, uncertainly in global trade due…

Wall Street analysts passed mixed judgement on Coinbase (COIN) after its first-quarter earnings miss and a $2.9 billion acquisition, with some downgrading near-term forecasts and others pointing to long-term strategic wins. “Q1 results came in a bit below expectations, and forward-looking guidance for [subscription and service] revenues and April [transaction] volumes were impacted by softer crypto markets and mix/rebates,” Barclay’s Benjamin Buddish, who maintained an “equal weight” rating, wrote in a report. “Otherwise, COIN saw nice trading share gains in both spot and futures in Q1, and remains quite optimistic.” The U.S.-based crypto exchange posted a greater-than-forecast 12% drop in…

⚈ Bitcoin nears $100,000 after breaking key resistances and regaining strong uptrend⚈ Bullish momentum aided by Trump policies and global instability like India-Pakistan⚈ $100K may act as psychological resistance amid rising short positions and uncertainty Late on May 7 and in the early hours of May 8, Bitcoin (BTC) rapidly advanced, adding more than $2,500 within hours. At press time, it needs to rise a mere 0.41% – less than $500 from the current $99,593 value – more to hit the psychologically important $100,000 threshold. The situation for the world’s premier cryptocurrency appears favorable for reaching the milestone. On Tuesday,…

Ethereum’s highly anticipated Pectra upgrade went live yesterday and is already beginning to impact the network’s supply dynamics. On-chain data reveals a sharp dip in the coin’s circulating supply, now at an 18-day low. This supply crunch is driven by a surge in user activity in the Layer-1 (L1) network over the past day. If this trend continues, ETH’s price could rocket to new highs. Ethereum Supply Hits 18-Day Low According to Ultrasoundmoney, ETH’s circulating supply has dropped since Ethereum’s Pectra Upgrade was implemented on Wednesday. As of this writing, it stands at an 18-day low of 120.69 million ETH.…

SRx Health Solutions, Inc. announced on Thursday that it intends to launch a new subsidiary focused on borrowing crypto. These investments include cryptocurrencies like Solana (SOL) and Bitcoin (BTC), forming a key part of a wider strategy to utilize its current assets while investigating decentralized financial models. According to the company, the proposed subsidiary would allow global investors to deposit cryptocurrency in exchange for a share of profits from SRx’s North American Halo brand. SRx would then use the crypto capital to support Halo’s sales and marketing operations, aiming to boost growth while avoiding equity dilution for shareholders. “This is…

Superstate, a renowned asset manager and real-world asset issuer working on Plume Network and Ethereum, has announced its exclusive partnership with Token Terminal, an advanced platform for data analytics. The partnership aims to improve standards for on-chain reporting by advancing the> 📊🆕 @superstatefunds enters into a Data Partnership with Token Terminal.▪️ Superstate is a leading RWA issuer & asset manager on @ethereum and @plumenetwork.▪️ The company has raised $18m in venture capital funding from investors such as CoinFund, 1kx, Distributed Global &… pic.twitter.com/NDaselS6dg — Token Terminal 📊 (@tokenterminal) May 8, 2025 Superstate Joins Forces with Token Terminal to Advance On-Chain…

Following a notable increase in demand, Ethereum surged past the $1.8K resistance level. The price is now expected to extend its bullish trend toward the significant $2.1K resistance region, which aligns with the 100-day moving average. Technical Analysis The Daily Chart A surge in buying activity near the critical $1.5K support level triggered a strong upward move, propelling Ethereum above the key $1.8K resistance zone, an encouraging bullish signal. This breakout raises the question of whether a fresh bullish phase has begun. However, ETH now faces a substantial resistance region ahead, marked by the $2.1K level, which coincides with the…

The financial world is watching to see if Greg Abel, who will take over from Warren Buffett at Berkshire Hathaway next year, will signal a greater acceptance of Bitcoin. Given Buffett’s long-standing belief that Bitcoin lacks intrinsic value and his overall negative stance on crypto, some are optimistic that Greg Abel, despite his silence on the matter so far, might hold a different perspective as he takes over. A Change in Leadership Shortly after announcing his retirement, Warren Buffett designated Greg Abel, the current Vice Chairman of Non-Insurance Operations, as the future CEO of Berkshire Hathaway. This news quickly sparked…

VeChain has achieved a significant milestone by obtaining a MiCAR license, positioning itself as one of the first enterprise-grade blockchains. VeChain’s VET token has gained 7.5% in price, crossing $0.02675, with its market cap surpassing $2.3 billion. Enterprise-grade Layer-1 blockchain network VeChain has attained strong milestones with a staggering 520% development activity growth. As a result, it has outperformed some of the top blockchain networks like BNB Chain, Algorand, Hedera, MultiverseX, and much more. Source: Chain Broker VeChain demand among Wall Street players has been increasing as well! Amid tightening global regulations, financial institutions face mounting pressure to deliver transparent…

This is a segment from the Empire newsletter. To read full editions, subscribe. Almost a month ago, OKX announced an expansion into the US. To lead the expansion, OKX tapped Roshan Robert, who’s held a number of TradFi-crypto roles throughout his career — having worked at both Hidden Road and Barclays. On paper, the expansion makes sense: OKX wants a piece of the American pie, which is now more intriguing and, well, friendlier. However, Robert told me he actually joined OKX back in September, before the path forward became more clear and when it looked like SEC chair Gary Gensler…