Author: NBTC

Ethereum (ETH) is showing strong momentum amid rising trading volumes, bullish community sentiment, and technical patterns hinting at a potential breakout to $3,200. The world’s second-largest cryptocurrency by market cap has been on a tear lately, climbing 5.6% in the last 24 hours to reach $2,666, with a 30-day gain of more than 64%. This surge has reignited discussion around key price targets, particularly two unfilled CME futures gaps near the $3,200 mark. CME Gaps and the $3,200 Target According to pseudonymous crypto trader Titan of Crypto, such gaps “tend to get filled,” implying ETH’s rally might be far from…

XRP has officially overtaken the biggest stablecoin USDT by Tether in market capitalization, according to data provided by CoinMarketCap. As of today, XRP is in third place worldwide, with a market cap over $153 billion, just ahead of Tether’s $150 billion. This shift is seen as a sign of increased trading volume across major South Korean exchanges, with a combined XRP/KRW volume of over $1.2 billion in the past 24 hours. Upbit and Bithumb are the main ones. XRP/KRW made up 18.34% of the trading volume on the former and 18.02% on the latter. The pair is leading both platforms…

The legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) has taken an unexpected turn — and XRP holders are once again left in suspense. Judge Analisa Torres rejected a joint request from both Ripple and the SEC to finalize their proposed settlement agreement. The development caught much of the crypto community off guard and has raised new questions about where the lawsuit stands today. To recap — earlier this month, both Ripple and the SEC agreed to a revised settlement that would reduce Ripple’s financial penalty from $125 million to $50 million, refunding the remaining $75…

David Marcus, former PayPal president and now CEO of Lightspark, says Bitcoin (BTC) is on track to become a major player in everyday transactions, and not just as a store of value. Speaking during a CNBC episode, Marcus revealed what he sees as the next phase of digital money – a future where BTC is not just held but actually used. Thus, the top executive predicts a transition toward hybrid systems where people use national currencies for daily spending, while also holding and spending Bitcoin, earned through things like rewards or microtransactions. For him, this is not speculation – it…

Current metrics place the total value locked into decentralized finance (DeFi) at approximately $117.856 billion. Ethereum, once commanding more than 56% of that figure at the close of 2024, has since dipped to 51.24% in May, marking a notable decline in its share. Battle for DeFi Dominance Heats up: Ethereum Slides, Solana and Bitcoin Advance Ethereum still leads in several categories, including total value locked in DeFi, non-fungible token (NFT) sales, and a large portion of the value of tokenized U.S. Treasuries and stablecoins built atop its smart contract infrastructure. Yet in recent years, that lead has narrowed, as rival…

Ethereum bulls are attempting to stretch their winning streak into May 24, with the Ethereum price pushing past short-term consolidation and nearing critical resistance. After consolidating for much of the past week, ETH has surged more than 7% over the last 48 hours and is now trading just below a key psychological level that may decide the next leg of its trend. Highlights: Ethereum price today is trading around $2,724 after testing intraday highs near $2,733 MACD crossover and Ichimoku breakout suggest bullish continuation, but RSI nears overbought zone Key support lies at $2,685; resistance overhead at $2,745 and $2,800…

The Pi Network core team has officially shut down its central node, marking a high-profile move toward decentralization. It comes after the network promised a major ecosystem announcement aligning with the Consensus 2025 event in Toronto, which starts today. Pi Network Closes Central Node Ahead of Source Code Reveal Pi Network’s core team has reportedly shut down its central node, effectively taking a significant step toward decentralization. The network also announced plans to release its source code. “The Pi core team has closed the central node, ready to release the source code. Pi Network will definitely shake up the Consensus…

Pat Toomey says a major crypto regulation bill focused on stablecoins is nearing Senate approval. The bill aims to boost U.S. crypto innovation while enforcing stronger consumer protections. Toomey warns against attaching the controversial Credit Card Competition Act to avoid derailing bipartisan support. Big changes might be coming to the U.S. crypto scene. In a recent interview on Bloomberg TV, former U.S. Senator Pat Toomey, now part of Coinbase’s Global Advisory Council, shared that a major crypto regulation bill is close to being passed in the Senate. If approved, it could reshape how digital assets are governed in the U.S.,…

The level of Bitcoin mining energy consumption is on par with that of some countries. This statement is often mentioned as one of Bitcoin’s main drawbacks, as consumption takes its toll on the environment. However, Bitcoin advocates argue that things are not that simple, and in some ways, Bitcoin is an eco-friendly technology. How come, and who’s right? Proof-of-work The Bitcoin network is protected from spam attacks with a mechanism known as “proof-of-work.” The earliest installment of this algorithm was created by Cynthia Dwork and Moni Naor in 1993, long before Bitcoin’s emergence. The essence of this mechanism is the…

Bitcoin, the first and largest cryptocurrency by market capitalization, kicked off May on a positive note, reaching its highest level since late February as investors’ appetite for risk was rekindled across financial markets. The leading cryptocurrency asset posted a strong surge on May 1, printing a significant green daily candlestick following two straight days of decline at the start of the week. Bitcoin increased from a low of $94,115 to $97,483, its highest since Feb. 21. Bitcoin has recovered almost 21% from its February low of $78,900 and roughly 28% from its early April low of $75,000. The rebound was…