Author: NBTC

Ethereum price has extended its recovery, climbing from the August 5 low near $3,450 to test the $3,950 zone. This rally broke above a descending structure and retested the $3,708 support-turned-resistance level, which now serves as a launch point for the current push. ETH price dynamics (Source: TradingView) On the 4-hour chart, ETH is holding above all major EMAs. The EMA20 at $3,749, EMA50 at $3,686, and EMA100 at $3,623 are now stacked bullishly below price. This alignment supports continuation as long as $3,800 holds as near-term support. Bollinger Bands have widened, indicating volatility expansion, while price rides the upper…

A mysterious institutional investor has been making significant Ethereum (ETH) transfers recently. Over the past four days, this entity created six new wallets. In total, it accumulated 171,015 ETH, worth approximately $667 million. The ETH originated from major over-the-counter (OTC) firms, including FalconX, Galaxy Digital, and BitGo. Rapid Wallet Creation and Large Transfers The activity began quietly but picked up pace quickly. According to blockchain analytics firm Lookonchain, the institution created new wallets regularly. In the last two hours alone, it moved 10,396 ETH, valued at around $40.6 million, from FalconX to one of its new wallets. Earlier reports showed…

Another Hong Kong company is adding crypto to its treasury, but it wants to do more than passively hold it. IVD Medical Holdings has purchased $19 million (HK$149 million) of ether (ETH), positioning the asset at the center of its real-world asset tokenization strategy. The company is building ivd.xyz, a platform for tokenizing pharmaceutical intellectual property and other healthcare assets, which will run entirely on Ethereum smart contracts. In a statement to CoinDesk, Chief Strategy Officer Gary Deng said Ethereum was chosen as the core asset because it is “the world’s most mature smart contract platform” with “extremely high liquidity”…

Ethereum network transactions rose to a record high as levels of staked ether (ETH) climbed to a record high, lifted by a regulatory boost for liquid staking. The seven-day average of daily transactions on the blockchain touched 1.74 million earlier this week, overtaking the previous record of 1.65 million set on May 12, 2021. The activity surge comes as the Securities and Exchange Commission’s Division of Corporation Finance said certain liquid staking activities and “staking receipt tokens” do not constitute securities under the 1933 Securities Act, provided they meet a strict set of assumptions. Such a stance is bullish. It…

Ethereum Foundation (EF) Co-Executive Director Tomasz Stańczak has urged developers to redirect their attention toward the upcoming Fusaka upgrade, warning that focus on the later Glamsterdam release could jeopardize near-term progress. In an Aug. 8 update on X, Stańczak said he had advised project coordinators to pause discussions about Glamsterdam. That upgrade is not expected until early or mid-2026, while Fusaka is scheduled for integration in the fourth quarter of 2025. He argued that shifting conversations back to Fusaka is essential, as the upgrade is already in the testnet phase and faces time-sensitive development challenges. Stańczak suggested that reducing the…

While Bitcoin (BTC) remained stuck in a certain range, upward movement resumed in altcoins led by Ethereum (ETH). While ETH surpassed $3,900, other altcoins also experienced significant increases. While the bullish mood in the market is expected to continue, the expiration date for option contracts in the crypto market has come today, as it does every Friday. According to data for the second week of August, $4.11 billion worth of Bitcoin and $864 million worth of Ethereum options will expire on August 8 on the Deribit derivatives exchange. Accordingly, the Put/Call Ratio of BTC options is 1.45, the maximum loss…

Ethereum Price Prediction: BlackRock Sparks Bullish Hopes for $4,000 ETH Ethereum ($ETH) is back in the spotlight after reports surfaced that BlackRock—the world’s largest asset manager—has purchased $103 million worth of ETH. This news has reignited bullish sentiment across the crypto market, with traders eyeing the key $4,000 resistance level as the next big milestone. By TradingView – ETHUSD_2025-08-08 (YTD) Ethereum Price Performance At the time of writing, ETH is trading around $3,894, up slightly on the day. Over the past week, the token has held a tight range between $3,805 and $3,953, suggesting consolidation after a period of volatility.…

The non-fungible token (NFT) sector surged to a market capitalization of more than $9.3 billion as Ethereum-based collections increased along with the price of Ether. NFT data tracker NFT Price Floor showed on Wednesday that the overall market capitalization for NFT collections had hit $9.3 billion, a 40% uptick from July. According to DappRadar data, NFTs had a market capitalization of $6.6 billion last month. Ether (ETH), which recently pushed past the $4,000 milestone, has been a key driver behind the NFT market surge. At the time of writing, ETH traded above $4,600 and had a market capitalization of over…

Ethereum reserves are turning into a hot commodity as more companies set out plans to buy ETH. However, in the past week, a mysterious entity has built a potential treasury of over 171K ETH. The anonymous entity is buying up ETH from multiple sources, building a reserve of 171,015 ETH. On-chain data shows that Ethereum tokens were sent to six newly created wallets, funded by other large-scale trading wallets. The funds flowed in multiple transactions, tapping BitGo, FalconX, and Galaxy Digital, suggesting institutional buying. Other anonymous whales often use Binance for large transactions. This mysterious institution created a new wallet…

Immutable, one of the better-known builders in the blockchain-gaming space, said Tuesday it is widening the reach of its growth product, Immutable Play, to include traditional “Web2” game studios. The company revealed that Ubisoft will be the first big-name partner to take advantage of the move. In a post on X, Immutable said Immutable Play is “now open to all games” and that Ubisoft will be the first Web2 studio to join, a development the company cast as the start of a major push to bridge mainstream gaming into crypto incentives. Immutable framed the decision as the next step in…