Author: NBTC
Ethereum (ETH) has been struggling to maintain upward momentum despite repeated attempts to recover. Recent price movements show Ethereum trading at $1,936, hovering just above the critical $1,862 support. However, the lack of volatility and declining market interest could push the price down further, potentially reaching a 17-month low. Ethereum ETFs Witness Outflows Ethereum’s spot ETF has experienced significant outflows over the past month, highlighting declining interest in the cryptocurrency. In the last 48 hours alone, nearly 49,000 ETH were withdrawn from the ETF, signaling that investors may be losing confidence in Ethereum’s short-term prospects. The sustained outflows reflect a…
The crypto industry is hitting a wall. Big banks, investment firms, and financial giants are already handling billions in blockchain transactions, yet full-scale adoption in traditional finance is still far off. The problem, according to a Bloomberg feature report, is that regulation is a mess, infrastructure is weak, and institutions still don’t understand crypto well enough. With Donald Trump back in the White House, the U.S. is taking a pro-crypto stance, and Europe’s Markets in Crypto-Assets (MiCA) regulation is now in effect. Wall Street executives are analyzing what it will take for crypto to move from the edges of finance…
A newly created wallet has withdrawn a large amount of Shiba Inu ($SHIB) and Avalanche ($AVAX) tokens from Binance, prompting speculation among traders. The wallet moved 290.41 billion SHIB, valued at $4.85 million, and 97,114 AVAX, worth $2.52 million, in the past hour. These transactions coincide with notable price movements for both cryptocurrencies, indicating strong market activity. A newly created wallet withdrew 290.41B $SHIB worth $4.85M, and 97,114 $AVAX worth $2.52M from #Binance in the past hour.Address: 0xef889188ae69f8b5210440be5c45225da4ddb17b pic.twitter.com/WPPa66z5sN — Onchain Lens (@OnchainLens) February 13, 2025 Shiba Inu (SHIB) Gains Upward Traction Shiba Inu is currently trading at $0.00001650, showing…
Maryland Delegate Adrian Boafo and New York Assemblyman Clyde Vanel have urged top Democratic lawmakers to establish a federal cryptocurrency regulatory framework. The lawmakers cautioned in a letter that inconsistent state laws might impede financial innovation. They addressed Senators Elizabeth Warren and Amy Klobuchar, as well as Representatives Maxine Waters and Angie Craig, highlighting the necessity for comprehensive legislation during the 119th Congress. The lawmakers highlighted New York’s regulatory leadership with its BitLicense program and digital currency task force, alongside Maryland’s recent legislative efforts. They pointed out that at least 35 states, Washington D.C., and Puerto Rico have introduced crypto-related…
SBC Medical Group Holdings Incorporated announced plans to purchase Bitcoin (BTC) worth 1 billion yen ($6.7 million) as part of a long-term strategy aimed at asset diversification and inflation hedging. The Japan-based medical services provider said investing in Bitcoin aligns with its goal of establishing a robust financial foundation while adapting to evolving macroeconomic conditions. Bitcoin strategy SBC Medical’s holding company in the US will execute the purchase through Coinbase. The firm said it carefully considered accounting, tax, and cybersecurity factors before making the decision. The company described Bitcoin as a store of value with long-term appreciation potential due to…
An analyst from multinational bank Standard Chartered believes that crypto exchange Coinbase “proactively sold” 12,652 Ethereum (approximately $37 million) throughout Q4 2024. They explained that Coinbase’s layer-2 network Base drives demand for Ethereum but the company’s profit taking is hurting the underlying blockchain’s price action. Standard Chartered slashed its 2025 price target for Ethereum from $10,000 to $4,000 earlier this week. At the time, Geoff Kendrick, Global Head of Digital Assets Research at the bank, claimed that layer-2 network Base had removed $50 billion from ETH’s market cap—now, he’s saying this is because of profit taking. “My view is that…
Tokenized Treasury products of BlackRock-Securitize, Superstate and Centrifuge are poised to receive allocations from $1 billion investment plan initiated by Sky, formerly MakerDAO, an initiative designed to accelerate the adoption of real-world asset (RWA) tokenization on Sky-adjacent decentralized finance (DeFi) lending platform Spark. BUIDL, issued by BlackRock and Securitize and backed by U.S. Treasury bills and repurchase agreements, is set to receive $500 million allocation. Superstate’s USTB will get a $300 million. Centrifuge’s JTRSY, a T-bill fund in partnership with asset managers Anemoy and Janus Henderson, set to receive $200 million. The selection process saw 39 applicants evaluated by advisory…
OpenAI CEO Sam Altman has unveiled the company’s roadmap for its upcoming AI models, GPT-4.5 and GPT-5. The announcement demonstrates an effort to simplify OpenAI’s product offerings and enhance user experience amid mounting competition. Open AI CEO Reveals New AI Models In a post on X, Altman revealed the company’s plans for new AI models, focusing on simplifying product offerings. “We want AI to ‘just work’ for you; we realize how complicated our model and product offerings have gotten. We hate the model picker as much as you do and want to return to magic unified intelligence,” he wrote. According…
This is a segment from the Empire newsletter. To read full editions, subscribe. The SEC has spoken: Certain mining activities — specifically proof-of-work mining, a key element of bitcoin — don’t fall under US securities rules. “It is the Division’s view that participants in Mining Activities do not need to register transactions with the Commission under the Securities Act or fall within one of the Securities Act’s exemptions from registration in connection with these Mining Activities,” the SEC said in a statement yesterday. The prevailing sentiment about the news: hooray for clarity! “This announcement is another indication that the SEC…
Chinese electric car company Zeekr is integrating Minima’s blockchain to enable a tokenized system for secure charging station reservations. Minima, a decentralized blockchain network, is collaborating with European arm of Chinese electric car maker Zeekr to launch a charging solution that could expand access to charging stations. In a press release shared with crypto.news, Minima said the system could help address infrastructure gaps by allowing EV owners to share their wallboxes through a blockchain-powered booking system. Minima’s blockchain is said to be integrated into Zeekr wallboxes, allowing owners to make their chargers available for booking. Zeekr drivers would be able…