Author: NBTC

The crypto industry is recoiling from a document reportedly outlining a U.S. Senate Democratic pitch on handling decentralized finance (DeFi) as a component of the wider effort toward regulating crypto in the U.S. The proposal — a detailed outline describing an approach to DeFi, first reported by Politico — suggests that a firm or individuals that handle customer needs on the front end of a DeFi operation should have to register with the Securities and Exchange Commission or the Commodity Futures Trading Commission and be regulated as a broker. The language defining who would be roped into regulation as an…

Ethereum (ETH) is trading near a critical level that analysts say could determine its next major move. Meanwhile, the asset was priced at around $4,350, with a 24-hour volume of over $41 billion. It has recorded a 2% decline in the past day and a 3% drop over the last week. Wyckoff Structure Signals Breakout Potential Technical analyst ZYN has identified a Wyckoff accumulation pattern on Ethereum’s weekly chart. According to the structure, ETH has already passed through the earlier phases and is now sitting in what is referred to as the final stage. A clean “spring” and “test” below…

Market activity is likely to be overshadowed by Friday’s monthly U.S. employment figures, with nonfarm payrolls forecast set to increase by 39,000. The figure, seen as a barometer of the health of the world’s largest economy, is one of the most closely watched economic statistics. In the meantime, long-suffering creditors of bankrupt crypto exchange FTX, which failed in 2021, start receiving a total of $1.6 billion as the estate begins its third tranche of payouts. Arbitrum, the largest Ethereum layer-2 blockchain, is voting on investing its stash of idle ETH$4,170.73 to earn rewards. What to Watch Crypto Sept. 29, 8:00…

Blazpay, an inclusive crypto financial entity, has collaborated with DeChat, a renowned Web3 communication platform. The partnership aims to offer wallet-native on-messaging along with secure notifications in the DeFi workflows. As per the official X announcement shared by Blazpay, the collaboration highlights a strategic move to establish a relatively secure and connected Web3 ecosystem. Keeping this in view, the joint effort is expected to improve transaction transparency, engagement, and user safety within the wider DeFi sector. We’re thrilled to announce our partnership with @dechat_io — the open, secure Web3 communications protocol trusted by 500K+ users worldwide. 🤝Together, Blazpay × DeChat…

According to data shared by on-chain analytics platform Onchain Lens, Ethereum founder Vitalik Buterin attracted attention with various meme token sales and ETH transfers. Ethereum Founder Vitalik Buterin Held a Multi-Token Sale and Moved 70 ETH via Railgun Buterin sold 40.25 billion SPURDO, 10.31 billion MARVIN, and 6 trillion DOJO tokens for a total of 22.14 ETH (approximately $96,000). Following the sale, Buterin transferred his assets, worth 70 ETH (approximately $304,000), to a new wallet identified as being affiliated with the Ethereum Foundation. This transfer was made through a proprietary protocol called Railgun, which enhances user privacy. Railgun is known…

A new move came from Kazakhstan, which partnered with the Solana (SOL) Foundation last June and announced plans to establish a Bitcoin (BTC) reserve. Accordingly, Kazakhstan announced the establishment of a state-owned cryptocurrency fund. The official statement announced the launch of the state-owned cryptocurrency fund, the Alem Crypto Fund. It was stated that the strategic partner of the fund is Binance, the world’s largest cryptocurrency exchange. It was stated that the main purpose of the fund is to make long-term investments in digital assets and create strategic reserves. According to the statement, the Alem Crypto Fund could also serve as…

Over the past two weeks, Bitcoin’s hashrate has fallen by nearly 100 exahashes per second (EH/s) — signaling a slowdown in global mining activity. This decline coincides with a $2 drop in mining revenue per petahash (PH/s) since last month, reflecting tighter profit margins for miners amid fluctuating network conditions. Global Bitcoin Hashrate Pulls Back From All-Time High, Signaling Network Rebalance As the next difficulty adjustment approaches next week, estimates anticipate a notable reduction in mining difficulty, potentially offering short-term relief but pointing to broader volatility across the bitcoin mining ecosystem. Roughly two weeks ago, Bitcoin’s total network hashrate reached…

In a groundbreaking move, zkLink, a famous L2 interoperability protocol, has partnered with Revox, as Web3-based AI agent platform. The partnership primarily focuses on accelerating fully autonomous, fast, and smart trading in the DeFi sector with ZK Rollup technology and AI-driven trading agents. The platform revealed via its official social media announcement that the collaboration is a noteworthy development toward reshaping the decentralized trading operations. Hence, the development is set to improve consumer experience, efficiency, and Web3 innovation. Big things are happening 👀We’ve partnered with @revoxdotai to fuse AI trading agents with zkLink’s L3 zkEVM aggregation – bringing smarter, faster,…

The largest altcoin, Ethereum (ETH), surpassed its 2021 ATH in late August, reaching above $4,900 and setting a new record. However, following subsequent declines, ETH has been exhibiting quite volatile activity in recent days, falling below $4,000. After reaching above $4,700 just a few days ago, this surge was short-lived, and it fell back to the $4,300 level. While investors are closely watching which direction ETH will move, major bull Tom Lee’s fund analyst Mark Newton said that the recent pullback in the cryptocurrency market is nothing to worry about. Fundstrat Global Advisors managing director Mark Newton added that he…

Bitcoin BTC$121,677.25 miners are extending gains in pre-market trading as the artificial intelligence and high-performance computing (AI/HPC) boom accelerates, particularly benefiting those pivoting their operations toward AI infrastructure. IREN (IREN) is up 4% at $66 after a 6% rise on Thursday, now up more than 520% year-to-date. TerraWulf (WULF) is 5% higher pre-market after a 10% surge on Thursday, bringing its YTD gain to 150%. Other notable movers include Cipher Mining (CIFR) CleanSpark (CLSK) and Bitfarms (BITF), which all trade 2%-4% higher in pre-market. The total market capitalization of the miners is nearing $90 billion, according to Farside data, and…