Author: NBTC
Ethereum has been going through a terrible period of depreciation, as the price has been consistently making lower highs and lows. Yet, things might just be about to change. Technical Analysis By Edris Derakhshi The Daily Chart On the daily chart, ETH has been in a strong downtrend, breaking below the critical 200-day moving average and losing multiple key support zones. Prices have recently bounced from the $1,900 demand zone but face resistance near the $2,100 level. The 200 DMA, currently above $2,800, adds additional overhead pressure, making recovery attempts challenging. Meanwhile, the RSI is climbing from oversold territory, indicating…
Ark Invest CEO Cathie Wood, one of the earliest traditional financial investors in crypto, hopes to bring some of her company’s funds on-chain once the regulatory landscape allows companies in the U.S. to do so. “We think tokenization is going to be huge,” Wood said at the Digital Asset Summit in New York on Tuesday. “We’d love to be able to tokenize our Venture Fund (ARKVX) or our [Digital Asset] Revolution Fund.” “I think the regulations are starting to open up in a way that will allow us to do that. So we’d like to seize the moment,” she added.…
… And We Want You on Board! The IOTA Ambassador Program is officially live! ???? This is your chance to join a community of Web3 leaders, shape the future of decentralized tech, and level up your influence. Ready to make an impact? Web3 is all about people. It’s about community, collaboration, and innovation. If you’re passionate about decentralized technology, eager to share knowledge, and ready to make an impact, then we’ve created something just for you: the IOTA Ambassador Program. This initiative offers a chance to contribute, grow, and lead within the IOTA space, all while being recognized for the…
Square Enix has announced plans to wrap up its Web3 venture Symbiogenesis in July and discontinue its services. While the platform produced iconic role-playing games such as Final Fantasy and Dragon Quest, Symbiogenesis was predicted to be a hit blockbuster. The project was launched when the non-fungible token (NFT) market’s fatigue reached its peak in 2023, failing to meet the low expectations of players in the sector. The project began as a game where players could purchase NFT-based characters and travel across a mystery multi-chapter fantasy. The growing fatigue in the market was another factor, with the usual players burnt…
The total supply of stablecoins as of last month reached 214 billion US dollars. At the same time, the annual transfer volume stands at $35 trillion, twice that of Visa. According to a recent report by Dune, the number of active addresses jumped by 53% and reached a net of 30 million. Comparing the dominance of USDC and USDT, it appears that USDC’s market cap doubled to $56 billion due to recent MiCa and DIFC approvals. It also made partnerships with MoneyGram and Stripe. At the same time, USDT grew to $146 billion but is more focused on P2P remittances.…
CryptoPia is thrilled to announce its newest partnership with Digi Maaya. Digi Maaya, with the global shifting to the greater inclusion of digital finance, is set to bridge Web 2.5 with FinTech. In this way, the platform aims to enable fractionalization and tokenization, providing an effortless approach to financial assets. Through this innovative approach, users can participate easily in the world’s markets without considering their geographic presence. 🚀 Welcome to our new partner, @DigiMaaya Digital Asset Exchange & Bank! 🏦✨Bridging Web 2.5 & Fintech, DigiMaaya puts assets at your fingertips through fractionalization & tokenization, driving financial inclusion worldwide. 🌍💰🔹 Regulated…
Bitcoin’s ROI is in a zone that shows growth but past trends suggest traders should watch for signs of a slowdown. If ROI nears past peak levels the market could face resistance but for now it still has room to move higher. Bitcoin’s trend is strong but history shows that price surges often face corrections before the next big rally. Bitcoin’s 365-day running ROI is flashing an important signal, with the latest value at 1.889. Historically, this metric has been a reliable indicator of market cycles, showing peaks near 2.5-3.0 and bottoms close to 0.5-1.0. The current reading suggests that…
The following is a guest post from Chris Thomas, Head of Blockchain and Corporate Security at GRVT. While a chain is only as strong as its weakest link, in the world of cryptocurrency, that weak link is often security. Each year, billions of dollars vanish overnight from the crypto market due to security breaches, hacks and exploits. The recent Bybit hack, where attackers drained over $1.5 billion in Ethereum, serves as yet another reminder of these risks. While Bybit assured users that funds were secure, the incident reinforced a fundamental issue: even the largest platforms remain vulnerable to sophisticated attacks…
The NFT market has continued its downward trend despite minimal crypto price recovery, with Bitcoin nudging up to $84,000 and Ethereum holding steady at $1,900. The global crypto market cap has moved up to $2.77 trillion from last week’s $2.73 trillion. According to CryptoSlam data, NFT sales volume has fallen to $100.9 million, marking a 5.34% decline from the previous week. Despite the sales drop, market participation metrics show strong growth in both buyers and sellers. The weekly metrics reveal: NFT sales volume fell to $100.9 million from $99.1 million NFT buyers climbed 70.97% to 350,146 NFT sellers rose 68.57%…
Whale Alert, a prominent blockchain tracker which monitors heavy cryptocurrency transactions, has spotted several large ETH withdrawals made consecutively from the Bybit exchange. This platform is ill-famed for a recent massive hack, when it lost more than $1.4 billion worth of Ethereum to the North Korean hacker team known as Lazarus Group. 120,000 ETH leave Bybit into unknown, but destination identified Whale Alert noticed four consecutive withdrawals, carrying 30,000 ETH worth roughly $60.4 million each. Those transfers summed up to 120,000 Ethereum valued at $241.82 million. All four transactions from Bybit were made to wallets tagged by the blockchain tracker…