Author: NBTC
Ethereum’s recent upward climb hit a serious snag this week right around the $2,800 mark. Fresh on-chain data from Glassnode suggests this spot is a major supply zone, packed with long-term holder positions where many investors who bought in before the March and April downturns are now close to breaking even or seeing profits. That means selling activity could pick up as these traders look to de-risk or simply cash out. There is a notable cluster of investor cost basis levels around $2,800 for $ETH. As price approaches this zone, sell-side pressure may increase as many previously underwater holders may…
It’s been a month since Solana revealed Confidential Balances, a set of extensions that add new layers of confidentiality for asset owners and token issuers. The move resembles an effort to enhance privacy features without sacrificing necessary compliance. BeInCrypto consulted Pat Zhang, head of research at WOO X, to analyze how these latest developments might influence user adoption and the broader Solana ecosystem. Confidential Balances: Upgrading Privacy on Solana In April, Solana expanded the specialized extensions originally developed under its Token2022 program. This latest development, renamed Confidential Balances, upgrades the level of confidentiality users can access beyond the previous Confidential…
Enjin Blockchain has added testnet support for stablecoins USDC and USDT, enabling their use within its NFT and gaming ecosystem via Hyperbridge. Stablecoins are heading to Enjin Blockchain, with USD Coin (USDC) and Tether (USDT) now live on Hyperbridge’s testnet in a move the team says will unlock cross-chain utility. The upgrade uses Enjin’s MultiToken Pallet, which supports the creation and transfer of many types of tokens, including stablecoins, the team said in a Thursday blog announcement. The pallet is part of Enjin’s Substrate-based blockchain architecture and underpins features such as the on-chain marketplace, NFT minting, and SDK/API access. The…
Jurrien Timmer, director of global macro at Fidelity, has opined that it might be Bitcoin’s turn “to take the lead.” The Fidelity executive believes that gold might pass the baton to its digital rival in the near future based on the Sharpe ratios of the two assets. Bitcoin’s Sharpe ratio currently stands at -0.40, meaning that it has actually returned less than the risk-free rate. At the same time, the yellow metal, which has a Sharpe ratio of 1.33, has significantly outperformed Bitcoin while exposing its investors to a lower level of risk. The leading cryptocurrency is down 17% against…
U.S. President Donald Trump’s private dinner gala with the top 220 holders of his memecoin, which generated controversy from its announcement, took place on May 22. But what was touted as “the most exclusive invitation in the world” elicited mixed and wide-ranging responses from its attendees. While some complained about the quality of the food and the lack of interaction with Trump, others appreciated the networking opportunity with the crypto world’s luminaries. The distinguished attendees Tron founder and crypto billionaire Justin Sun was the top TRUMP memecoin holder at the event. He was probably also the most controversial figure attending…
For well over a century, oil has been viewed as a strategic commodity, playing an essential role in transportation and manufacturing, among other critical industries. For Ethereum’s proponents, drawing comparisons has been useful—but even then, the analogy is far from perfect. When Vivek Raman introduced Etheralize in January, the former banker and business development firm’s co-founder formalized efforts to onboard Wall Street. Part of that initiative, he recently told Decrypt, has involved “evangelization and education and marketing.” “I always call it digital oil,” Raman said. “We think that as the crypto ecosystem evolves, people not only will want to—but will…
Accumulate, a cutting-edge blockchain platform, has announced an exclusive partnership with EcoCreds, a well-known blockchain-led real-world asset ecosystem for carbon credit verification and plastic recycling. The collaboration aims to expedite on-chain sustainability and validatable climate action. The platform took to its official social media account on X to reveal this development. 🚨 Accumulate x EcoCreds Partnership ♻️We’re excited to partner with @EcoCreds a blockchain-powered RWA marketplace transforming plastic recycling and carbon credit verification.Together, we’re driving on-chain sustainability through:✅ Verified plastic offset NFTs (GPOS)… pic.twitter.com/V9uEcrQM2s — Accumulate ❄ (@accumulatehq) May 22, 2025 Accumulate and EcoCreds Partner to Boost On-Chain Sustainability and…
Bitcoin’s strong rally from April’s $75,000 low might be at the risk of a halt as the $92,000–$98,000 resistance band stands strong. Popular market analyst Capo of Crypto warned in a recent post that the current levels may represent a local top and possible “LTF distribution.” “Above $92k–93k → Bullish, but strong resistance at $96k–98k. Below $92k → Bearish,” Capo noted, highlighting the high-risk, high-reward zone Bitcoin has entered. His chart further projects a potential “real capitulation event” if BTC is rejected from this resistance and fails to hold key support near $92,000. On-Chain Metrics: Long-Term Holders Near Peak Profit…
Ethereum (ETH) has come out as the top blockchain network for net capital inflows over the past month, pulling in a hefty $475 million in new funds. Fresh data from Artemis, highlighted by on-chain watcher @rovercrc, shows the platform easily outpaced all other chains, cementing its spot as a go-to backing layer for digital assets. Arbitrum wasn’t far behind, attracting over $400 million in net inflows, making it the second most popular pick for capital during the same stretch. Other Layer 2 and sidechain setups like Polygon PoS, Base, and Unichain also saw some smaller gains, pointing to lively user…
A wallet that usually does not receive many transactions got 612.3 billion SHIB in a single transfer, which is about $9.83 million at the time of the move. The tokens were sent to address “0x72,” which now has a big SHIB balance, along with other tokens like PEPE and DAI. The total wallet value is about $21.5 million. If you look at the flow of funds, you will see that Shiba Inu (SHIB) came from “0xAD74.” That wallet had gotten the tokens earlier from “0xBf9,” which originally got them from a Binance hot wallet. So the tokens moved off the…