Author: NBTC

Bitcoin’s price is coasting along at $101,251 on May 8, 2025, leaving a 7.44% gap before reaching its all-time high. With a market capitalization of $2.01 trillion and a 24-hour trading volume of $58.84 billion, bitcoin’s current positioning reveals a complex but bullish technical landscape, as it ranged intraday between $95,967 and $101,711. Bitcoin On the daily chart, bitcoin shows dominant bullish momentum with a confirmed breakout above the prior consolidation zone. The move is supported by increasing volume, validating the recent upside push. The current support band rests between $93,000 and $95,000, while resistance is projected above $102,000. Traders…

The crypto market has experienced a significant surge in trading activity this week, following the US Fed’s decision to hold interest rates steady. Amid the broader rally, on-chain data has revealed whale accumulation in several key altcoins. Here are the top altcoins that crypto whales have been buying in the second week of May. Ethereum (ETH) Leading altcoin ETH has emerged as one of the assets that crypto whales have paid attention to this week. The altcoin has reclaimed $2,000 following the Federal Reserve’s dovish stance and the successful implementation of its Pectra Upgrade two days ago. These catalysts have…

B3 will launch these new futures on June 16, opening new investment avenues for institutional buyers seeking crypto asset diversification. The bourse also announces changes to bitcoin futures to increase the accessibility of these products, given bitcoin’s recent price hike. Brazilian B3 Announces Solana, Ether Futures Launch; Reduces Bitcoin Futures’ Contract Price The Brazilian Stock Exchange (B3) has announced new developments in the crypto side of its investment offering. The institution disclosed the launch of ether and solana futures contracts to diversify its crypto product offering for potential investors interested in these assets. The products, which will be available on…

On May 6, 2025, Vietnamese tech firm 1Matrixofficially unveiled the nation’s first Layer-1 blockchain network designed, built, and operated entirely by Vietnamese engineers. This launch in Hà Nội marks a defining step for Vietnam as it moves towards full ownership of core digital infrastructure. In contrast to most blockchain platforms developed abroad, this new network is homegrown — from consensus algorithms to user interfaces — and aims to support public data systems, digital finance, and government services. At the launch ceremony of 1Matrix (Image: Vietnam Blockchain Association) What is 1Matrix, and Why It Matters 1Matrix is not a typical blockchain…

On Thursday, bitcoin’s price jumped to $102,819, hitting a peak not seen since Feb. 3, and plenty of analysts point to a growing wave of institutional involvement as the driving force behind the climb. Wall Street’s Growing Appetite Sends Bitcoin Soaring Past $102K The institutions are here in full force, or so the chatter goes, as corporate players and exchange-traded funds (ETFs) scoop up more BTC from the open market. With bitcoin cracking the $100,000 mark today, market watchers and crypto industry specialists chimed in with their thoughts on the latest upward run. “Under the surface, spot ETF flows remain…

A significant move in the decentralized finance (DeFi) space has caught the attention of the crypto community. World Liberty Financial (WLFI), a project reportedly associated with the Trump family, has recently made a substantial acquisition of Wrapped Ethereum (WETH) and Wrapped Bitcoin (WBTC). Understanding the World Liberty Financial Purchase According to data shared by on-chain analyst @ai_9684xtpa on X, World Liberty Financial completed a notable World Liberty Financial purchase. The transaction involved acquiring 1,587 WETH and 9.7 WBTC. At the time of the analysis, the combined value of these digital assets was estimated to be approximately $4.94 million. This acquisition…

Oregon has enacted Senate Bill 167, updating the state’s commercial laws to incorporate digital assets into the Uniform Commercial Code (UCC). The legislation, signed by Governor Tina Kotek on May 7, introduces UCC Article 12, which creates a legal framework for digital assets including crypto assets, tokenized records, and electronic money. The bill amends Article 9 to allow digital assets to be used as collateral in secured transactions. It also updates several UCC articles to recognize electronic records, signatures, and hybrid transactions to support digital commerce. The new law includes transitional provisions that maintain the validity of transactions made before…

Large movements of cryptocurrency on the blockchain often capture the attention of the market, and for good reason. These significant transactions, often dubbed ‘whale’ movements, can sometimes signal shifts in market sentiment, potential large-scale trading activity, or strategic positioning by major players. Recently, a notable event involving a substantial USDT transfer from a major exchange has done just that, sparking considerable discussion and speculation within the crypto community. What Happened: A Massive OKX USDT Transfer The crypto world was alerted to a significant transaction when the popular blockchain tracker, Whale Alert crypto, reported a movement of 200,000,000 USDT. The stablecoin,…

Polygon Labs, in partnership with Conduit, launched an improved Chain Development Kit (CDK) called AggLayer CDK. The recent release introduces interoperable blockchain infrastructure that allows developers to choose from different technology stacks and automatically connect to Polygon’s AggLayer liquidity aggregation layer. Conduit’s newest rollup framework is here: Agglayer CDK by @0xPolygonWe’ve been in the lab with Polygon building a new implementation of CDK that combines the @Optimism OP Stack, ZK security, and Agglayer interoperability.Read on for details 🧵 https://t.co/Sy2QJYvEfh pic.twitter.com/2ZguaQXTe5 — Conduit (@conduitxyz) May 7, 2025 With the toolkit update, developers can select from OP Stack configurations built using Ethereum’s…

Over the past 24 hours, the cryptocurrency market has experienced significant volatility as Bitcoin (BTC) officially broke above the $100,000 mark. This price movement triggered massive liquidations, totaling nearly $1 billion across the market, and led to a shift in trader behavior. Additionally, data from the Bitcoin derivatives market is heating up. Analysts are now concerned about the potential for even larger liquidation waves. Long Position Liquidations Surge as Bitcoin Breaks $100,000 According to data from CoinGlass, around 190,000 traders were liquidated, with total losses reaching $970 million. Short positions were hit the hardest, accounting for $836 million in losses.…