Author: NBTC

With an uptick in both price action and investor confidence, Ethereum is currently spearheading the market charge. ETH soared toward $3,800 after surpassing the psychological $3,200 barrier, but this correction is not an indication of weakness. Indeed, it is evidence of how robust Ethereum’s trend has grown. The technical analysis of ETH’s chart reveals a classic bullish pattern. The mid-July breakout that followed weeks of consolidation and low volatility from April to early June set off an explosive rally. The present decline seems to be a healthy retest following a protracted rally rather than a reversal. With the 200 EMA…

Interactive Brokers, an online brokerage firm, is considering the possibility of issuing a new stablecoin for its clients. The move is seen as part of a shift by major financial institutions towards digital assets as the US begins to loosen regulations on the cryptocurrency sector. Speaking to Reuters, the company’s billionaire founder, Thomas Peterffy, said plans to issue stablecoins are being developed, but a final decision on how to offer the service to customers hasn’t yet been made. “If we see people adopting these assets and appreciating them, that’s fine,” Peterffy said, taking a cautious approach to the sector, saying,…

Uniswap v4 surpassed $1B in TVL, with most activity centered on Unichain and Ethereum networks. Over 2,500 Hooks have launched liquidity pools, driving growth and innovation in Uniswap v4’s ecosystem. Uniswap v4 has achieved a major milestone, officially surpassing $1 billion in Total Value Locked (TVL). Furthermore, according to Dune, its cumulative trading volume has surpassed $110 billion. But what’s drawing attention isn’t just these figures; it’s how networks like Unichain are now the center of activity, displacing Ethereum, once considered the king of the sector. Source: Dune Currently, the majority of daily activity and TVL in v4 are concentrated…

Chaitanya Jain, Strategy’s Bitcoin strategy manager, has addressed the recent concerns spread on social media about the potential dependence of Strategy’s success on the Bitcoin price. Some in the community believe that if the world’s largest cryptocurrency, BTC, were to collapse, Strategy’s stock price would follow suit, and the company may face substantial financial difficulties. Strategy will survive even if BTC crashes 98%: executive In his tweet, Jain assured the community and those who are in doubt that should Bitcoin crash even as low as $20,000, the BTC treasury company Strategy “would still have sufficient collateral to cover all liabilities.”…

Recent years have seen Ethereum soar, and not just in terms of price. New wallets have amassed 40,591 ETH, or roughly 148 million dollars, in the last day alone. Over 466,253 ETH, or about $1.07 billion, have been taken by seven newly active wallets in the last two weeks alone. This enormous inflow is part of a larger trend. Even more intriguing is the origin of this ETH. Transfers from institutional platforms such as FalconX Galaxy Digital and Kraken are revealed by on-chain data, which suggests sophisticated accumulation by insiders or high-net-worth individuals or funds. FalconX has sent 138,345 ETH…

Bitcoin treasury firm Strategy started the trend but now companies are diving into other cryptocurrencies to put on their balance sheets—with the latest being SUI.  Nasdaq-listed Mill City Ventures III on Monday announced a $450 million private placement to buy the 15th biggest digital asset by market cap. The company, which makes loans to small businesses, said it would buy SUI on the open market in a press release Monday.  Its stock (MCVT) was trading 11% higher on Monday but over a five-day period, it has soared nearly 270%.  “We believe that Sui is well positioned for mass adoption with…

Binance founder Changpeng Zhao (CZ) shared his experiences after serving a four-month prison sentence in the US. Speaking on Anthony Pompliano’s podcast, CZ revealed surprising details about prison life. CZ revealed that his first cellmate was a double-murder suspect who had served 18 years in prison and was transferred to a low-security facility for good behavior. Despite this shocking past, CZ described his cellmate as “pretty calm.” The Binance founder was indicted for failing to implement effective anti-money laundering compliance, leading to a fine of over $4.3 billion. CZ was sentenced to four months in prison for violating the US…

Bitcoin (BTC) experienced a historic day on Monday, breaking records for the first time in a row, surpassing $123,000. However, the joy of a new ATH was short-lived. Shortly after surpassing $123,000, BTC began to decline, falling to the $116,000 level. While the market agrees that this correction is due to profit taking and is normal, they are divided on which direction the price will move next. At this point, 21 Shares analyst Matt Mena evaluated the rise in Bitcoin and the subsequent decline. Matt Mena said that a sharp decline in Bitcoin is unlikely as institutional demand strengthens. Mena…

During the NFT boom of 2021, NFT-aficionados said “I’d love it even if it went to zero” as a tongue-in-cheek countercultural declaration that meaning and membership mattered more than profit. It became kind of like a punk rock ethos in Web3. Burning money (figuratively or literally) was a flex to signal individual belonging to an in-group that positioned itself as the moral antithesis to the speculative frenzy that defined the time. Like the early cypherpunks who fought for freedom and autonomy, or the Bitcoin maxis who held through multiple crashes, the next-gen NFT degens threw eyewatering amounts of magical internet…

The dynamic world of decentralized finance (DeFi) is rarely static, and recent developments in the Ethereum staking ecosystem are a testament to this constant evolution. For an extended period, Lido Finance stood as the undisputed leader in liquid staking, commanding a significant portion of the Ethereum staking share. However, a notable shift has emerged, as on-chain analyst Tom Wan recently highlighted a significant decline in Lido’s market share to 25%, marking its lowest point since March 2022. This isn’t merely a statistical blip; it signifies a crucial inflection point for Ethereum’s decentralization efforts and the burgeoning liquid staking landscape. Lido’s…