Author: NBTC

Ethereum’s latest attempt to push past its all-time high of $4.8K has faltered, leading to a painful correction. Despite this setback, the asset remains supported by multiple key levels, with heightened volatility likely as the market consolidates. Technical Analysis By ShayanMarkets The Daily Chart Ethereum buyers recently tested the $4.8K ATH but were met with strong selling pressure, likely stemming from profit-taking and distribution. This rejection triggered a 9% decline, pulling the price back into a corrective phase. Currently, ETH appears to be consolidating within the $4.2K–$4.8K range, which now serves as a critical decision zone. A breakout above the…

Circle’s stock spiked over 11.4% in pre-market trading Tuesday morning, surging on a bullish Q2 earnings report highlighting substantial year-over-year revenue growth for the stablecoin issuer, and major new offerings on the horizon. The stock, CRCL, eclipsed $179 early Tuesday. It closed at $161.17 Monday afternoon. Total revenue and reserve income for Circle exploded by 53% from last year’s second quarter, the company said, to $658 million. That growth was overwhelmingly driven by a 90% year-over-year increase in circulation of Circle’s flagship dollar-pegged stablecoin, USDC—which in turn allowed the company to earn $634 million in interest generated by reserves backing…

Bifrost has announced its strategic alliance with Meria to begin a new era of crypto staking in France. Meria has extensive experience in the digital asset industry, holding official registration with the French Professional Securities Authority (PSAN). So, the platform holds a trusted name in the French market and now aims to open the gate to staking opportunities in the region. We’re excited to introduce a new DOT VBL actor: @Meria_Finance.Meria is a French platform specializing in cryptocurrency investment. With several years of experience, it is registered with the French PSAN (Professional Securities Exchange Commission). pic.twitter.com/r4WIqaKGBD — Bifrost – Omnichain…

Ethereum price pulled back for three consecutive days, down nearly 10% from its weekly high — but inflows into ETH funds and growing network activity suggest the token’s rally may be far from over. Summary Ethereum price rally stalled in the last three days, in what appears to be a healthy pullback. American retail and institutional investors continued their ETF buying frenzy. Technical analysis shows a cup-and-handle pattern has formed, pointing to more gains. Ethereum ETF inflows surge Ethereum (ETH) token retreated to $4,410 on August 16, down over 10% from its highest point this week. It remains 217% above…

Web3 payments infrastructure firm Transak has raised $16 million in a strategic funding round co-led by IDG Capital and Tether. The company plans to use the funds to expand its stablecoin payments stack and enter new markets. The funding round comes at a time in which the stablecoin sector has been growing exponentially. DeFiLlama data shows in early 2024 it has a $130 billion market capitalization, which has since more than doubled to $270 billion. Transak says nearly 30% of its more than $2 billion in processed transactions originates from stablecoin flows. The company’s CEO and co-founder Sami Start said…

Crypto exchange Kraken has temporarily paused Monero (XMR) deposits due to the ongoing 51% attack against the privacy-focused blockchain, which has compromised the security of the network. A 51% attack occurs when one mining pool controls more than 50% of a blockchain network’s total hashing power, giving it the ability to double-spend and reorder transactions on the ledger. The Kraken exchange wrote on Friday: “As a security precaution, we have paused Monero deposits after detecting that a single mining pool has gained more than 50% of the network’s total hashing power. This concentration of mining power poses a potential risk…

Flagship altcoin Ethereum (ETH) is currently having its best quarter ever, which might come as a surprise considering that the cryptocurrency has been around since 2016. According to data provided by cryptocurrency analytics firm CoinGlass, ETH is currently up by more than 80% during the current quarter. It has substantially outperformed Bitcoin, which has so far added only 10% during the current quarter. As reported by U.Today, Fundstrat’s Tom Lee previously claimed that Bitcoin is having its “Bitcoin 2017 moment.” Outperforming “DeFi summer” The cryptocurrency’s previous best-performing Q3 was logged in 2020. Back then, the cryptocurrency spiked by 59.5%. This…

The NFT market has staged a strong recovery NFTs are staging a comeback, with buyer activity nearly tripling and sales volume rising by 30.09% to $173.2 million. New data from CryptoSlam reveals that NFT buyers and sellers surged, while total transactions declined. This suggests renewed market participation is concentrated in higher-value trades. Ethereum led the pack with an 85% weekly gain—though it also saw wash trading soar 354%. Collections like CryptoPunks and Bored Ape Yacht Club posted eye-catching sales spikes, underscoring how blue-chip NFTs continue to drive the market even in a turbulent crypto backdrop. Read on for more: Summary…

The cryptocurrency world constantly evolves, and companies are finding innovative ways to integrate digital assets into their core operations. A significant development recently emerged as Upexi, a Nasdaq-listed e-commerce company, made a strategic move concerning its Upexi Solana treasury. This involves a pivotal appointment that could redefine its approach to digital asset management. Why is the Arthur Hayes Advisory Significant for Upexi? Upexi announced the formation of an advisory committee for its Solana (SOL) treasury. As a groundbreaking first step, they named Arthur Hayes, the renowned co-founder of the BitMEX crypto exchange, as its inaugural member. This move signals a…

Bitcoin mining profitability increased 2% in July as the price of the world’s largest cryptocurrency rose 7% while the network hashrate jumped 5%, investment bank Jefferies said in a research report on Friday.”We see positive BTC price momentum as most favorable for Galaxy’s (GLXY) digital assets business, while miners fight a rising network hashrate,” analyst Jonathan Petersen wrote. The hashrate refers to the total combined computational power used to mine and process transactions on a proof-of-work blockchain, and is a proxy for competition in the industry and mining difficulty. It is measured in exahashes per second (EH/s). U.S.-listed mining companies…