Author: NBTC
Ethereum (ETH) is seeing lower unrealized gains during its latest rally, potentially helping it avoid selling pressure. ETH switched to accumulation, surpassing BTC with short-term demand in July. Ethereum recovered to levels not seen since March 2024, inching up toward the $4,000 level. However, the token is not weighed down by unrealized profits this time around. According to Glassnode data, ETH has much lower relative unrealized gains. In the past year, Ethereum whales were busy trading, trying to achieve a lower average price. During the latest rally, however, some of the purchases were made at a higher market price in…
By Francisco Rodrigues (All times ET unless indicated otherwise) The wind seems to be coming out of the crypto market’s sails. Bitcoin fell 3% in the past 24 hours, dropping below $115,000, and it’s actually one of the better performing of the largest cryptocurrencies. The CoinDesk 20 (CD20) index, a measure of the broader market, fell 6% with ether (ETH) down 5.7% after posting its strongest monthly gain in three years and XRP losing more than 7%.The drop comes as some of President Donald Trump’s tariffs started taking effect with more due to kick in on Aug. 7. The levies…
Yesterday’s guilty verdict for Roman Storm on the count of conspiracy to operate an unlicensed money service business is absolutely insane. FinCEN, the regulator responsible for licensing, monitoring, and enforcement actions concerning criminal activity in money transmission has themselves explicitly stated that self-custodial tooling that facilitates the transmission of value using cryptocurrencies are not money transmitters and are not subject to the relevant regulations. So how did we get here? Eight months after the election of a president who describes himself as a Bitcoin and cryptocurrency advocate, after the Department of Justice themselves have explicitly stated that they are not…
If you’ve been looking for a reason to spend your crypto, US convenience store chain Sheetz just gave you a big one. The pro-crypto retailer has announced a 50% discount on all purchases made with digital assets through the Flexa network. The promotion, which the company is calling “Crypto Crave & Save,” is designed to encourage more real-world spending with cryptocurrencies and is running every day from 3 PM to 7 PM at participating locations. Sheetz Has Been Accepting Crypto Payments Since 2021 Sheetz is one of the most crypto-forward retailers in the U.S. The company is running the new…
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…