Author: NBTC
Ethereum price attempted a fresh increase above $2,600. ETH is now trimming gains and might struggle to stay above the $2,500 support. Ethereum started a fresh decline below the $2,600 level. The price is trading below $2,575 and the 100-hourly Simple Moving Average. There is a bullish trend line forming with support at $2,525 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it stays above the $2,500 zone in the near term. Ethereum Price Corrects Gains Ethereum price found support near $2,440 and started a recovery wave, like Bitcoin. ETH…
The Agricultural Bank of Russia is considering crypto-based tools as an alternative to traditional settlement methods for exporting over 49.5 million tonnes of grain. This measure could open the agricultural commodities market to digital assets, pioneering this use case. Russia Mulls Crypto Settlements for Grain Exports Russia is increasingly open to crypto adoption. The Russian Agricultural Bank, a state-owned institution that provides credit to agricultural companies, has indicated the potential use of crypto for grain settlements. During the Russian Grain Forum, which attracted 1,000 participants in Sochi, the bank’s First Deputy CEO, Irina Zhachkina, mentioned this possibility. She stated: We…
The family of U.S. President Donald Trump has allegedly sent a cease-and-desist letter to two entities behind a forthcoming — and already heavily disputed — Trump-branded crypto wallet, according to a Thursday report from Bloomberg. Since the announcement of the so-called $TRUMP Wallet (named for the President’s eponymous memecoin) earlier this week, Trump’s three sons — Don Jr., Eric, and Barron — have all publicly repudiated the project, saying that neither the Trump family nor its firm, the Trump Organization, is connected to or otherwise authorized the $TRUMP Wallet. “This project is not authorized by @Trump,” Eric Trump wrote in…
The EU risks becoming a “flyover zone” for crypto as the pace of legislation lags behind the U.S. and Asia, according to an executive at asset management firm Franklin Templeton. Speaking at the DigiAssets 2025 conference, the firm’s International Legal Lead for Digital Projects, Catriona Kellas, argued that while Europe is in a “strong place,” there are concerns that it “could become a flyover zone between the US and Asia.” She lauded the “energy that’s coming from the United States,” which is providing an energy boost in Europe. “There is a real risk with this technology that jurisdictions which were…
Bubblemaps, a company that sells on-chain analytical software, has added The Open Network (TON) to its InfoFi product. The integration, to be released on June 19, adds the visual analytics option to the TON ecosystem, allowing users to monitor tokens distribution and wallet activity in the network. This growth makes TON the eighth blockchain that Bubblemaps V2 supports. TON, a blockchain that Telegram first developed, has been among the fastest-growing Web3 environments. With daily active addresses exceeding 500,000 and daily transactions approaching 2 million, the need for clear data visualization has grown. Bubblemaps focuses on satisfying this need, providing users…
A tsunami of new bitcoin BTC$108,442.10 treasury companies — firms that almost exclusively dedicate themselves to accumulating bitcoin — is flooding the market.Since all of them are more or less following Strategy’s (MSTR) playbook, questions are rising about the best ways to value them, and compare them to each other. “The most important metric for a bitcoin treasury is the premium it trades at relative to its underlying net assets, including any operating company,” Greg Cipolaro, global head of research at bitcoin financial firm NYDIG, wrote in a June 6 report. On the surface, that means adding up the company’s…
Ethereum (ETH) grabbed fresh attention on June 16 as futures open interest climbed to a yearly high of $36.56 billion. Prices bounced back above $2,600 and hovered near a key resistance level that has held for months. Traders piled into new positions, setting the stage for a big move in either direction. Futures Open Interest Hits Yearly High According to CoinGlass data, open interest in ETH futures jumped sharply over three days, hitting $36.56 billion on Monday. That number marks the highest level since last year. It shows that many traders are using borrowed funds to bet on where Ethereum will go next.…
Bank of America has warned that the U.S. dollar could be in for a rough summer, having already dropped sharply this year. The dollar index, which tracks the value of the U.S. dollar against major currencies, has dropped nearly 9% to 99.74 this year, as President Donald Trump’s tariff war triggered a shift away from U.S. assets. Bank of America expects continued>BTC$104,848.00. The global FX research team led by Athanasios Vamvakidis stated in a report to clients Friday that tariffs are more detrimental to the U.S. economy as the country trades more with the rest of the world than perhaps…
The $1.6 trillion asset manager Franklin Templeton is now actively running Cardano nodes, confirmed by both the firm and Cardano Foundation CEO Frederik Gregaard. Analyst Dan Gambardello, discussing the news in a video, called the move “massive“; adding: “Franklin Templeton is just casually securing the Cardano network. It’s hard to be bearish when the big players are already playing the long game.” The broader implication is clear: institutions are beginning to explore altcoins beyond Bitcoin, and Cardano is being increasingly seen as a serious network for future decentralized finance (DeFi) innovation. NBX Taps Cardano for Europe’s First MiCA-Compliant Stablecoin (USDM)…
The final voting day has arrived on the GENIUS Act, the long-awaited US cryptocurrency-friendly stablecoin law. Accordingly, this legislation lays the groundwork for the first major federal regulation of stablecoins, with the U.S. Senate set to hold its final vote today. While the law is expected to pass the US Senate, Chainlink (LINK) CEO Sergey Nazarov made important statements regarding the GENIUS law. Accordingly, Sergey Nazarov argued that stablecoin regulation in the US will stimulate global growth and raise the bar in terms of transparency and cross-chain functionality. Stating that the impact of the stablecoin law in the US will…