Author: NBTC

A significant event recently caught the attention of the cryptocurrency community: Ethereum co-founder Jeffrey Wilcke has moved a substantial amount of Ether. Specifically, 1,000 ETH, valued at approximately $4 million, was deposited to the Kraken cryptocurrency exchange. This move, reported by Onchain-lens, immediately raises questions about its potential implications for the market. Who is Jeffrey Wilcke, the Ethereum Co-Founder? For those new to the crypto space, it’s important to understand the figures behind its foundational projects. Jeffrey Wilcke is not just any participant; he is one of the original co-founders of Ethereum, a decentralized global software platform powered by its…

Trump Media and Technology Group (DJT), the parent of Truth Social linked to U.S. President Donal Trump, closed a purchase agreement with crypto exchange Crypto.com that gives it 684.4 million Cronos CRO$0.2732 tokens. The $105 million transaction, split between cash and stock, amounts to about 2% of the circulating supply of the token, the firms said in a Friday press release. Both CRO and Trump Media’s shares will remain locked up for a set period, they added. DJT stock and CRO were both little-changed in Friday trade. The agreement is part of a broader partnership between the two companies that…

Raydium Protocol has merged the USX and eUSX stablecoins of Solstice Finance into its liquidity pools. The collaboration occurs as Raydium handles $18.588B volume every month with a total of $2.239B locked and takes over the DeFi ecosystem of Solana. Such integration enhances the USX and eUSX liquidity on Solana and allows swapping between the two at a faster pace with a smaller slippage. The alliance establishes better trading networks and enhances capital deployment within the network. Domination of Solana DeFi by Raydium Raydium has been the pillar of Solana liquidity since it launched in the year 2021. Being an…

Ethereum has been under pressure recently after a strong rally that took the price to nearly $5K. While the uptrend remains intact on the higher timeframe, the recent rejection and sharp pullback have raised concerns about a deeper correction. This price action has led to a change in market tone, with traders closely watching key support zones to determine whether this is just a dip or the start of a broader trend shift. Technical Analysis By Shayan The Daily Chart On the daily timeframe, ETH had been climbing inside a clean ascending channel since April, making higher highs and higher…

The cryptocurrency world is buzzing with news of Tron founder Justin Sun’s latest move: a significant plan to invest $20 million in what he believes are undervalued US crypto stocks. This bold declaration has sent ripples across the market, signaling a strong vote of confidence from a prominent industry figure. Investors are now keenly watching to understand the potential implications of such a substantial investment in crypto-themed equities. What’s Driving Justin Sun’s Confidence in US Crypto Stocks? Justin Sun, known for his strategic investments and entrepreneurial spirit, firmly believes that US crypto stocks are currently trading below their true value.…

Bitcoin miners had a modest September slump, watching revenue shrink 4.23%—that’s $69 million gone compared to August’s haul. September Slide for Bitcoin Mining Revenue At the time of publication, hashrateindex.com data shows the spot valuation of one petahash per second (PH/s) of SHA256 hashrate stands at $52.10—a modest decline from the $53.15 figure documented on Sept. 1. September wasn’t exactly golden for bitcoin miners—revenue slipped by $69 million from August, landing at $1.564 billion. Nearly all of it ($1.550 billion) came from good old block rewards, while a modest $14 million trickled in from onchain fees, according to figures collected…

Arizona has announced that regulations concerning crypto ATMs are set to go into effect this week. The main intention of the regulation will be to tackle scams carried out with the machines. This way, residents and users of the ATMs would have an extra layer of protection when carrying out their transactions. The scam in question involves the use of crypto kiosks, which allow users to convert cash into Bitcoin and other digital assets. They are often located in some businesses or shopping malls. The scammers just have to use various con methods, including pretending to be a government official,…

Crypto miners are looking to use Brazil’s clean energy surplus without putting a strain on the grid. Summary Crypto miners are looking to exploit the overabundant clean energy in Brazil Tether is among the companies that are looking to leverage surplus power Brazil is experiencing a glut of solar and wind power due to subsidies Crypto mining might solve a peculiar problem with renewable energy. Mining firms are negotiating contracts with Brazilian power companies, looking to exploit the oversupply of clean energy, according to a September 30 report by Reuters. At least six crypto mining firms are now negotiating contracts…

Ethereum’s latest liquidation event may look similar on the surface to August’s flush-out, but the underlying market pattern tells a very different story. Data suggest that the previous wipeout reset leverage in a buyer-controlled uptrend, while this week’s crash unfolded in a seller-dominated, bearish setup. Ethereum Flashback? Not Quite In the past two months, the network has witnessed only two major long liquidations above $400 million. On August 14, Ethereum’s $444 million in long liquidations came amid a buyer-dominated environment. Open interest stood at $29 billion, and funding rates were positive at +0.013. This indicated aggressive long positioning and high…

Ross Ulbricht, creator of Silk Road and one of Bitcoin’s earliest public champions, didn’t waste time calling out Kamala Harris after she labeled him “the fentanyl dealer” in her new book, also criticizing President Trump for commuting his sentence. Ulbricht set the record straight: he was never prosecuted for dealing drugs personally, and fentanyl wasn’t part of his charges. Harris’s book claim sparks pushback Ulbricht’s post pulls no punches. His message is clear: Harris’s assertion was factually inaccurate, and the motivation behind it appears political, painting both Ulbricht and President Trump in a negative light. Ulbricht wrote: “The truth has…