Author: NBTC
Spot Bitcoin exchange-traded funds (ETFs), which launched in the US in January 2024, are on track to reach $1 trillion in cumulative trading volume in less than 18 months. US Spot Bitcoin ETFs Near $1 Trillion Trading Volume Threshold This impressive growth demonstrates that interest in digital assets continues to be strong among both institutional and individual investors. ETFs, which saw a trading volume of $100 billion in the first two months after launch, exceeded $200 billion in April 2024, while the Bitcoin price reached its highest level in that period at $74,000. However, over the following seven months, the…
After failing to hold the $2,600 handle earlier this week, Ethereum price today has slipped toward $2,505, reflecting a sustained downtrend from May highs. The recent breakdown from a rising wedge structure and repeated rejections below key resistance zones suggest that bearish momentum continues to weigh on the short-term outlook. ETH is now testing a critical confluence support near $2,500, with a deeper slide on the cards if bulls fail to defend this floor. What’s Happening With Ethereum’s Price? ETH price dynamics (Source: TradingView) On the 4-hour chart, Ethereum price action shows a clear shift in sentiment after the local…
Recent reports confirm that the Circle IPO is massively oversubscribed, a development that impacts any potential negotiations with Ripple. Circle, the USDC stablecoin issuer, has seen overwhelming investor demand for its upcoming IPO, with financial blog Zero Hedge reporting today that the offering is over 25 times oversubscribed. For the uninitiated, this oversubscription means investor demand for Circle’s shares exceeds the number of shares available in the IPO by a large margin. The development is massive for the crypto payments company and could have implications for Ripple, which has reportedly been pursuing a multibillion-dollar acquisition of Circle in recent months.…
A Cardano governance vote is live with ADA holders and DReps debating a 275 million ADA budget. Community calls for a more transparent voting structure and warns against centralization and rushed decision-making. A major governance vote is now live on the Cardano blockchain. As revealed, ADA holders and delegated representatives (DReps) are now invited to vote on a proposed 275 million ADA budget. The vote, which will close on June 14, 2025, has become a hot topic across the Cardano community, drawing both support and opposition. Community Split as Cardano Governance Vote Progresses The Cardano blockchain has entered a crucial…
As on-chain crypto exchange HyperLiquid gained popularity and its proprietary token HYPE reached all-time highs on Monday, misrepresentations about its traders’ profits spread across social media. Crypto historian Smolting, known by his X handle InverseBrah, logged one particularly egregious example of a HyperLiquid trader — who had actually lost millions of dollars overall — climbing the wealth leaderboard. Unfortunately, HyperLiquid’s profit and loss (PnL) dashboards can be confusing. By the end of the day on Monday, for example, HyperLiquid’s leaderboard claimed that its most profitable trader made more than $400 million in profit in the past 30 days despite no…
CARV announced a strategic partnership with WORLD3AI, an alliance that marks a significant commitment to expand digital engagement and decentralized economies. Your data just made AI smarter.@WORLD3_AI × CARV is live — integrating CARV’s D.A.T.A. Framework to supercharge agent autonomy.🔹 Structured behavioural data (gaming, DeFi, social)🔹 Hyper-personalised, multi-step task execution🔹 On/off-chain verifiability for true… pic.twitter.com/VzKt3zM6F3 — CARV (@carv_official) May 30, 2025 Unlocking verifiable intelligence on AI agents WORLD3AI’s collaboration with CARV aims to boost AI intelligence through CARV’s reliable, verifiable data and initiate major AI understanding in sectors like AI-focused transactions. Through this integration, CARV’s D.A.T.A framework will improve WORLD3…
The leading cryptocurrency Bitcoin (BTC) is following a fluctuating course. At this point, BTC, which fell to the level of $ 100,000 a few days ago, rose above $ 110,000 yesterday. While the CPI and PPI data coming from the USA are expected to increase volatility in BTC, analysis company Matrixport said that the upward trend in Bitcoin is expected to continue. Matrixport analysts said that Bitcoin broke out of the symmetrical triangle formation with its recent rise, signaling that the uptrend will continue. Analysts noted that Bitcoin’s rally was powered by new capital inflows and gradually easing concerns about…
Ethereum continues to face strong resistance near the critical 200-day moving average at $2.7K, with recent price behavior hinting at a potential bearish reversal. The lack of sustained buying momentum suggests that a prolonged consolidation phase, possibly extending down toward the $2.2K support zone, is increasingly likely in the mid-term. Technical Analysis The Daily Chart ETH continues to struggle below the critical 200-day moving average, currently positioned around the $2.7K mark. This level has consistently acted as a ceiling over recent weeks, signaling a firm zone of selling pressure and hesitation among buyers. The failure to reclaim this key threshold…
Financial services giant Goldman Sachs reportedly says hedge funds are scooping up stocks at a rate not seen since 2024. In a note to investors, Goldman Sachs says hedge funds bought global equities last week at the quickest pace since November 2024, some seven months ago, reports Reuters. The buying spree comes as stock markets ended the month with their strongest May performance in decades. The S&P 500 (SPX), for example, increased over 6% in May, the largest monthly increase since November 2023, and the best performance for the month of May since 1990. Goldman Sachs says hedge funds closed…
The stablecoin sector expanded by a full percentage point this past week, growing by $2.558 billion in total. Of that figure, a hefty $1.45 billion came directly from Tether’s USDT, continuing its lead role in the space. Stablecoin Market Swells by $2.5B in 7 Days As of now, data from defillama.com shows the stablecoin market hovering just shy of the $250 billion threshold, clocking in at $249.986 billion. Since last Saturday, the overall stablecoin supply has increased by $2.558 billion—with Tether alone minting $1.45 billion of that total. Total stablecoin market cap on June 7, 2025 via defillama.com. On Saturday,…