Author: NBTC
The Dow Jones Industrial Average, S&P 500, and Nasdaq rose on Friday as investors responded positively to signs of a potential de-escalation in the ongoing tariff war between the United States and China. U.S. stocks picked up where they left off Thursday after President Trump announced a major trade deal with the United Kingdom. The Dow, S&P 500, and Nasdaq indices all opened in the green on Friday after U.S. President Donald Trump hinted at cutting tariffs on Chinese imports to 80%. Trump said in a Truth Social post: “80% Tariff on China seems right! Up to Scott B,” referring…
Kalp, a cross-chain platform focusing on Real-World Assets (RWAs), has announced its strategic partnership with ENI, a high-performance Enterprise-Grade Web3 blockchain. By joining their expertise, both FinTech firms are aimed at boosting blockchain innovation and tokenizing real-world assets (RWAs). In addition to that, Electronic Numerical Integrator and Computer (ENIAC) ensures seamless, scalable, secure, and interoperability for enterprises, developers, and ecosystem partners. 🚀 Partnership Announcement! 🚀 We’re thrilled to announce our partnership with @ENI__Official! 🎉 ENIAC Network is a next-generation Web3 enterprise blockchain designed for high-performance applications. Built on zero-knowledge proof (ZKP) technology with a modular,… pic.twitter.com/XaSSRdEj1U — Kalp (@Kalp_Official) May…
Bitcoin Price Nears Record High Amid Explosive Weekly Rally Bitcoin (BTC) is back in the spotlight, roaring past $99,800 and inching toward a new all-time high. The crypto market is heating up this week as Bitcoin’s price action defies expectations, fueled by a wave of bullish developments including global trade negotiations, pro-crypto regulation, and renewed institutional demand. By TradingView – BTCUSD_2025-05-08 (5D) What’s Driving Bitcoin’s Surge? 🔹 US-China Trade Talks in Switzerland Bitcoin’s momentum picked up after the U.S. and China announced renewed trade negotiations set to take place in Switzerland. Markets interpreted this as a sign of geopolitical easing,…
Despite the successful implementation of the Pectra upgrade, the market response has been notably muted as ETH price recorded only a modest 5% uptick. What’s holding back ETH price? Ethereum (ETH) successfully implemented the Pectra upgrade on May 7, yet the market’s reaction was underwhelming. On the day of the upgrade, ETH opened at $1,849 and closed at $1,811, recording a slight 2% decline. At press time, ETH is trading at $1,936, marking a mere 5% gain from its May 7 opening. The subdued response can be partly attributed to macro headwinds — most notably, uncertainly in global trade due…
Wall Street analysts passed mixed judgement on Coinbase (COIN) after its first-quarter earnings miss and a $2.9 billion acquisition, with some downgrading near-term forecasts and others pointing to long-term strategic wins. “Q1 results came in a bit below expectations, and forward-looking guidance for [subscription and service] revenues and April [transaction] volumes were impacted by softer crypto markets and mix/rebates,” Barclay’s Benjamin Buddish, who maintained an “equal weight” rating, wrote in a report. “Otherwise, COIN saw nice trading share gains in both spot and futures in Q1, and remains quite optimistic.” The U.S.-based crypto exchange posted a greater-than-forecast 12% drop in…
⚈ Bitcoin nears $100,000 after breaking key resistances and regaining strong uptrend⚈ Bullish momentum aided by Trump policies and global instability like India-Pakistan⚈ $100K may act as psychological resistance amid rising short positions and uncertainty Late on May 7 and in the early hours of May 8, Bitcoin (BTC) rapidly advanced, adding more than $2,500 within hours. At press time, it needs to rise a mere 0.41% – less than $500 from the current $99,593 value – more to hit the psychologically important $100,000 threshold. The situation for the world’s premier cryptocurrency appears favorable for reaching the milestone. On Tuesday,…
Ethereum’s highly anticipated Pectra upgrade went live yesterday and is already beginning to impact the network’s supply dynamics. On-chain data reveals a sharp dip in the coin’s circulating supply, now at an 18-day low. This supply crunch is driven by a surge in user activity in the Layer-1 (L1) network over the past day. If this trend continues, ETH’s price could rocket to new highs. Ethereum Supply Hits 18-Day Low According to Ultrasoundmoney, ETH’s circulating supply has dropped since Ethereum’s Pectra Upgrade was implemented on Wednesday. As of this writing, it stands at an 18-day low of 120.69 million ETH.…
SRx Health Solutions, Inc. announced on Thursday that it intends to launch a new subsidiary focused on borrowing crypto. These investments include cryptocurrencies like Solana (SOL) and Bitcoin (BTC), forming a key part of a wider strategy to utilize its current assets while investigating decentralized financial models. According to the company, the proposed subsidiary would allow global investors to deposit cryptocurrency in exchange for a share of profits from SRx’s North American Halo brand. SRx would then use the crypto capital to support Halo’s sales and marketing operations, aiming to boost growth while avoiding equity dilution for shareholders. “This is…
Superstate, a renowned asset manager and real-world asset issuer working on Plume Network and Ethereum, has announced its exclusive partnership with Token Terminal, an advanced platform for data analytics. The partnership aims to improve standards for on-chain reporting by advancing the> 📊🆕 @superstatefunds enters into a Data Partnership with Token Terminal.▪️ Superstate is a leading RWA issuer & asset manager on @ethereum and @plumenetwork.▪️ The company has raised $18m in venture capital funding from investors such as CoinFund, 1kx, Distributed Global &… pic.twitter.com/NDaselS6dg — Token Terminal 📊 (@tokenterminal) May 8, 2025 Superstate Joins Forces with Token Terminal to Advance On-Chain…
Following a notable increase in demand, Ethereum surged past the $1.8K resistance level. The price is now expected to extend its bullish trend toward the significant $2.1K resistance region, which aligns with the 100-day moving average. Technical Analysis The Daily Chart A surge in buying activity near the critical $1.5K support level triggered a strong upward move, propelling Ethereum above the key $1.8K resistance zone, an encouraging bullish signal. This breakout raises the question of whether a fresh bullish phase has begun. However, ETH now faces a substantial resistance region ahead, marked by the $2.1K level, which coincides with the…