Author: NBTC
Coinbase (COIN) is heading into its first-quarter earnings report on shaky ground, with four Wall Street analysts expecting a miss as the retail trading lull is likely to pressure the crypto exchange’s most profitable business lines. The company is scheduled to report first-quarter results on Thursday post-market. The analysts are projecting earnings per share (EPS) falling to $1.93 from $2.26 in the fourth quarter and revenue dropping to $2.1 billion from $2.27 billion, according to FactSet data. In the year-earlier first quarter, it reported EPS of $4.40 and revenue of $1.2 billion. Trading volume is expected to land around the…
Social media is filled with speculations over a potential Binance listing for Pi Network (PI). The latest rumors are fueled by a series of developments involving Stellar-based transactions, on-chain activity, and mainnet readiness. Most notably, the speculations come from a Stellar wallet address: GAB….. ZJNL6. Multiple blockchain explorers identified this as a Binance-associated account. Is Binance Preparing to List Pi Network? This wallet recently showed a balance of 2 PI tokens, verified through both Piscan.io and StellarExpert, raising questions about Binance’s involvement with the Pi ecosystem. The connection gained traction after popular Pioneers highlighted over 294,000 PI transactions processed on…
After several days of high-stakes crypto drama on Capitol Hill, a clique of holdout Senate Democrats appears to be nearing a deal to support stablecoin legislation—though the matter is far from settled. On Wednesday, a small group of pro-crypto Democratic senators including Ruben Gallego (D-AZ), Mark Warner (D-VA), and Angela Alsobrooks (D-MD) met with Republican counterparts to discuss terms that would win back their support of the GENIUS Act, which would establish a framework for offering stablecoins in the United States, sources with knowledge of the meeting told Decrypt. The group had supported the bill until Saturday. That night, nine…
Bybit recovered its Bitcoin (BTC) market depth to levels since before this February’s hack. The attack mostly affected Ethereum (ETH), but it led to an outflow of traders and liquidity. The Bybit exchange recovered its Bitcoin (BTC) market liquidity, gradually improving market depth since February’s hack. Data collected by Kaito Research reveals the market’s resilience and the current state of reserves. The market operator became a case study for crypto resilience in rebuilding the market depth to control slippage, while regaining the trust of traders. Bybit is still offering its special liquidity depth for retail orders, creating a deeper pool…
Bitcoin price started a fresh increase above the $96,500 zone. BTC is rising and might aim for a move toward the $100,000 resistance. Bitcoin started a decent increase above the $96,500 resistance zone. The price is trading above $96,500 and the 100 hourly Simple moving average. There was a break above a connecting bearish trend line with resistance at $97,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase if it clears the $98,800 zone. Bitcoin Price Regains Traction Bitcoin price started a fresh increase from the $93,500 support zone. BTC…
According to a recent X post by crypto trader Coinvo, Ethereum (ETH) is ‘insanely undervalued’ at its current price. Several on-chain metrics appear to support Coinvo’s assessment, as ETH accumulation addresses continue to stack the digital asset despite lackluster price performance over the past few years. Ethereum May Be Due A Rally Soon Although ETH has risen 8% over the past two weeks, it remains down 43% over the past year, trading around $1,700 at the time of writing. From its all-time high (ATH), Ethereum is down 63.6%, in stark contrast to Bitcoin (BTC), which is trading just 13.7% below…
Robinhood CEO Vladimir Tenev has described the current state of crypto in the United States as a “rebirth,” signaling a turning point after years of regulatory strain. Tenev shared this perspective in an interview hosted by Crypto in America. He believes the U.S. is now beginning to reverse its previous stance and catch up to global markets that moved ahead while American firms faced heightened scrutiny. He attributed this shift to changes in the political environment and a more constructive regulatory approach, which has already fueled a resurgence in trading volumes and optimism across the sector. This perspective comes as…
The XRP Ledger (XRPL) has recorded a notable increase in transaction activity. According to the latest XRPSCAN data, the number of payments from one account to another reached 1 million in early May 2025. This change indicates a massive rise in XRPL usage and growing confidence in the blockchain despite the recent volatility in the broader crypto market. The chart shows varying changes in the level of activity between January 1 and May 7, 2025. Even though several peaks were notable earlier in the year, there was a sharp increase in the first week of May, crossing the one million…
A bipartisan stablecoin bill (GENIUS Act) faces Senate roadblocks due to Democratic concerns over Trump’s crypto ties. Democrats cite Trump’s memecoin, stablecoin involvement, and potential Binance stake as raising conflict-of-interest issues. Nine Senate Democrats (including previous supporters) now oppose the bill’s current form, demanding stronger safeguards. What recently appeared as a rare opportunity for bipartisan agreement on cryptocurrency regulation has hit a significant roadblock, directly attributable to President Donald Trump’s expanding personal and business entanglements within the digital asset space. Congressional Democrats, citing concerns over potential conflicts of interest and personal enrichment, are now expressing strong reservations about advancing landmark…
Binance has released its 30th monthly Proof of Reserves (PoR) report, showing asset holdings as of May 1. Here Are the Changes to Binance’s Reserves on Critical Assets Bitcoin (BTC): User assets fell by 1.35% month-on-month to 604,411 BTC. Binance maintained a BTC reserve ratio of 102.06%, indicating excess reserves. Ethereum (ETH): ETH holdings were reported at 5.28 million ETH, a decrease of 3.36%. The reserve ratio stood at 100.16%. Tether (USDT): User USDT balances increased by 2.61% to $29.05 billion. The reserve ratio for USDT was recorded as 102.07%. However, the world’s largest cryptocurrency exchange listed the ratio of…