Author: NBTC

Ethereum (ETH) is only 2% away from its 2021 all-time high. However, selling pressure has already emerged, pushing its price back below $4,700. Additionally, a large amount of ETH is waiting to be unstaked in the second half of August, which could intensify selling pressure. Industry experts offer mixed opinions on how this upcoming wave of ETH could impact the market. ETH Unstake Queue Hits Four-Year High Staking on Ethereum is crucial to its Proof-of-Stake (PoS) consensus mechanism, introduced in 2022 after The Merge. To become a validator, users must stake at least 32 ETH, helping secure the network and…

The United States Securities and Exchange Commission (SEC) has filed a status report with the Court of Appeals to confirm a joint venture with Ripple Labs to end the long-standing lawsuit. According to a post by defense lawyer James Filan, the U.S. SEC filed a status report highlighting that the joint stipulation remains pending, awaiting the court’s approval. Earlier this month, the U.S. SEC filed a joint stipulation dismissal, thus formally withdrawing the appeals. However, the Court of Appeals has yet to confirm the joint stipulation dismissal, hence the pending status filed by the U.S. SEC. #XRPCommunity #SECGov v. #Ripple…

Curve Finance was created to solve inefficiencies in trading stablecoins and similar crypto assets by offering deep liquidity with minimal slippage, tailored for decentralized finance users who require efficient and predictable swaps. The Origins of Curve Finance Curve Finance emerged in early 2020 as a decentralized exchange (DEX) optimized for stablecoin trading. Traditional decentralized exchanges like Uniswap enabled permissionless trading but struggled with stable assets due to their automated market maker (AMM) design, which often led to higher slippage. Curve introduced an innovative stable swap algorithm that made trading pegged assets highly efficient. This design was driven by the rapid…

While Bitcoin (BTC) broke record after record in the past period, Ethereum (ETH) fell behind BTC with its weak performance. However, ETH has recently made a big push and is close to exceeding its 2021 ATH. While the rally in Ethereum was interrupted by the US PPI data released yesterday, expectations for a new ATH continue to increase in the market. However, one analyst said that although ETH is only a few hundred dollars away from its new ATH, it could be weeks or months before a new record is reached. At this point, Nansen analyst Jake Kennis said that…

In the fast-paced world of cryptocurrency, even the most seasoned traders face volatility. Recently, a prominent Hyperliquid whale known as AguilaTrades experienced a notable event, highlighting the intense nature of high-stakes digital asset trading. This incident involved a substantial ETH short position, which led to a considerable setback, yet the larger narrative reveals a different story of resilience and profit. What Happened with the Hyperliquid Whale’s ETH Short Position? Early this morning, the crypto community observed a significant move from AguilaTrades, a known Hyperliquid whale. The trader nearly closed out a highly leveraged 25x ETH short position. This particular trade…

A federal judge has paused the Federal Trade Commission’s inquiry into Media Matters, issuing a temporary order that prevents the agency from proceeding while the case unfolds. In 2023, the left-leaning watchdog reported that ads from major brands were appearing beside antisemitic and other objectionable posts on X, Elon Musk’s social network. Many big advertisers then froze their spending on the platform. X, in turn, sued Media Matters. The company also brought cases against several advertisers and industry groups, alleging a “systematic illegal boycott.” After Donald Trump returned to the White House in January, the FTC launched a review into…

Key Takeaways SharpLink Gaming disclosed holding 728,804 ETH, positioning itself among the largest corporate Ethereum treasuries. Nearly 100% of its holdings are staked, generating over 1,300 ETH in rewards and marking a strategic focus on ETH as a new financial core asset. SharpLink Gaming, one of the world’s largest corporate holders of Ethereum (ETH), disclosed Friday that its Ethereum holdings have reached 728,804 units. With ETH trading at $4,642 at press time, the stash is valued at approximately $3.4 billion. SharpLink is currently the second-largest Ethereum treasury company, only behind BitMine Immersion Technologies, which has accumulated over 1 million ETH.…

Video-sharing platform Rumble is considering an all-stock acquisition of Tether-backed AI and data center operator Northern Data. Summary Northern Data shareholders would receive 2.319 newly issued Class A Rumble shares for each share they tender. The company owns five data center sites with potential energized capacity of nearly 850 MW, including a 180 MW facility under development in Georgia. Northern Data has also agreed to sell its Peak Mining unit to U.S.-based Bitcoin miner Elektron Energy. Rumble has reportedly informed Northern Data of its interest in pursuing the acquisition, according to an Aug. 10 press release from the company. Under…

The US Department of the Treasury is seeking public feedback on how digital identity tools and other emerging technologies could be used to fight illicit finance in crypto markets, with one option being embedding identity checks into decentralized finance (DeFi) smart contracts. The consultation, published this week, stems from the newly enacted Guiding and Establishing National Innovation for US Stablecoins Act (GENIUS Act), signed into law in July. The Act, which sets out a regulatory framework for payment stablecoin issuers, directs the Treasury to explore new compliance technologies, including application programming interfaces (APIs), artificial intelligence, digital identity verification and blockchain…

The world of cryptocurrency often highlights the massive operations of large mining farms, but every so often, an individual achievement reminds us of the decentralized spirit. Recently, a solo Bitcoin miner defied the odds, successfully mining a full Bitcoin block and securing a substantial reward. This incredible feat occurred on August 17th, when the anonymous solo Bitcoin miner confirmed block 910,440 at approximately 10:19 UTC. This monumental effort yielded a remarkable 3.1 BTC, valued at an astounding $370,000 at the time. Data from blockchain explorer Mempool verified this rare event, sparking discussions across the crypto community and showcasing the unpredictable…