Author: NBTC

Ethereum’s market sentiment continues to struggle following last Friday’s market crash, despite gradual signs of broader market improvement. As institutional investors reduce participation, spot market participants have also trimmed their holdings. This could result in continued consolidation or a definitive breakdown of the critical $4,000 resistance level around which the coin currently trades. Ethereum Market Hits Pause Amid Record ETF Redemptions ETH-backed exchange-traded funds (ETFs) have recorded significant outflows since last Friday’s market-wide liquidation event. According to data from SosoValue, these funds registered $428.52 million in outflows on Monday. For token TA and market updates: Want more token insights like…

Generally speaking, H-1B holders can legally buy, hold, and trade cryptocurrencies as long as it’s done as passive investing and not as an unauthorized business or full-time trader work. Also, gains from crypto must be reported for US taxes (capital gains), just like stock or other investment income. What H-1B holders should not do is operate a crypto business, do day-trading at a scale that resembles employment, or engage in trading activity that could be interpreted as unauthorized work. New proposed rules and fees for the H-1B visa, like the $100,000 fee, are causing a lot of worry and uncertainty…

A Hong Kong-based subsidiary of a major Chinese commercial bank, China Merchants Bank (CMB), has tokenized its $3.8 billion money market fund (MMF) on BNB Chain. CMB International Asset Management (CMBI) has partnered with BNB Chain to bring its CMB International USD Money Market Fund on its layer-1 (L1) blockchain, BNB Chain announced on Wednesday. The new partnership builds on CBMI’s real-world asset tokenization (RWA) cooperation with Singapore-based tokenization platform DigiFT, which tokenized the fund on the Solana blockchain in August. The CMBI’s fund launch on BNB Chain came weeks after online reports suggested that China’s securities regulator had been…

BitMine chair Tom Lee and BitMEX co-founder Arthur Hayes are holding strong on their prediction that Ether will hit $10,000 this year, despite a recent crypto crash, and there being less than three months left on the clock. “For Ethereum, somewhere between [$10,000] and $12,000,” Lee said on the Bankless podcast on Tuesday, when asked where he sees the cryptocurrency’s price going by the end of this year. Hayes, who also appeared on the same podcast episode, said he is “going to stay consistent” with his $10,000 prediction by the end of the year. With Ether (ETH) trading at $4,129…

President Donald Trump has criticized the proponents of green energy as a scam, which is a huge gain for Bitcoin miners. The pro-Bitcoin leader advocated for a nationalistic stance, which is bullish for Bitcoin and crypto. President Donald Trump concluded his much-awaited speech at the United Nations to world leaders. The pro-Bitcoin and crypto president of the United States did not make a direct statement about the digital asset industry. However, his speech will have a positive long-term impact on the Bitcoin and crypto space. What Were the Key Pillars of President Trump’s U.N. Speech In his September 23 U.N.…

Binance’s help desk has deleted what it called an “excessive” response to a tweet from Limitless Labs CEO CJ Hetherington after he claimed that it attempted to charge him 8% of his Limitless supply, along with $2.45 million in extra payments, to list the token on the exchange. Hetherington, who runs Limitless on Coinbase’s Base, also suggested that Binance, and its favorite founders and affiliates, were dumping on users. In its response, Binance’s help desk fired back, calling Hetherington’s allegations “false and defamatory,” and claiming “Binance does not charge listing fees.” Read more: Wintermute’s post-mortem ignored the biggest issues with…

According to the latest data, Bitcoin’s computing firepower has cranked up to a blazing all-time high of 1,157 exahash per second (EH/s). This climb in hashrate hasn’t taken a coffee break, even as prices dip and mining profits feel more like leftovers than a feast. Bitcoin’s Computational Power Game Levels Up Heading into the weekend, bitcoin’s hashrate is currently clocking in at a hefty 1.1489 zettahash per second (ZH/s)—yep, that’s a jaw-dropping 1,148.90 exahash per second (EH/s) for those keeping score. Data from hashrateindex.com reveals that bitcoin’s computing power hit its peak at 8 a.m. Eastern, topping out at 1,157…

Welcome to The Protocol, CoinDesk’s weekly wrap of the most important stories in cryptocurrency tech development. I’m Margaux Nijkerk, a reporter at CoinDesk. In this issue: Monad Opens Airdrop Portal Ahead of Token Launch Ethereum’s Fusaka Rolls Out on Sepolia; Hoodi Testnet Up Next Monero Releases Privacy Boost Against Sneaky Network Nodes Ethereum Foundation Expands Privacy Push With Dedicated Research Cluster Network News MONAD AIRDROP COMES CLOSER AS PORTAL OPENS: Monad is gearing up for one of the most anticipated token launches of the year. The Layer-1 blockchain project has opened its MON airdrop portal, inviting eligible users to check…

Ethereum price started a fresh recovery above $4,050. ETH is now showing positive signs and might rise further toward the $4,350 level. Ethereum started a recovery wave above the $4,000 and $4,020 levels. The price is trading above $4,050 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $3,980 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move up if it trades above $4,200. Ethereum Price Holds Support Ethereum price started a recovery wave above the $3,950 level, like Bitcoin. ETH price formed a base…

Robinhood just got a fat bump on Wall Street, thanks to a $200 million push from prediction markets. Piper Sandler has officially raised its price target for the stock to $140, up from $120, giving it a 12% upside. Analyst Patrick Moley made it clear in a new note to clients that these so-called event contracts could be a serious goldmine: “Prediction markets present significant upside opportunity for Robinhood.” One of the key players here is Kalshi, a prediction platform feeding its sports contracts straight into Robinhood. Kalshi is seeing record monthly activity in September, helped by NFL and NCAA…