Author: NBTC
Zerebro co-founder Jeffy Yu was found alive in his parents’ home after evidently faking his suicide on a pump.fun livestream. As a result, his tribute meme coin LLJEFFY has fallen by 40%. According to a report by local news outlet The San Francisco Standard, Jeffy Yu was confirmed to be alive and living in his parents’ home, five days after the 23-year-old crypto mogul seemingly took his own life on a livestream. On-chain traders have speculated that Yu faked his own death as a way to depart from the crypto space. Especially after Yu’s obituary on the memorial platform, Legacy…
Europe is emerging as an ideal destination for traditional financial institutions looking to expand into the cryptocurrency market. Recent moves by Robinhood, Revolut, and the European Central Bank (ECB) highlight a strong convergence between traditional finance and blockchain technology, unlocking new opportunities and challenges. Europe Becomes the Go-To Market for Crypto Innovation Robinhood, a well-known US trading platform, is preparing to launch a blockchain-based US stock trading platform in Europe. This platform will enable European users to trade tokenized US securities, potentially built on blockchains like Arbitrum, Ethereum, or Solana, in collaboration with a digital asset firm. The move leverages…
Bitcoin surged over 3% in 24 hours, topping $104,000 (highest since Jan 31). Nearly $400 million in bearish BTC short positions were liquidated in 24 hours (highest since Nov). The significant short squeeze suggests potential for further upside as bearish pressure eases. Bitcoin experienced a powerful upward surge in the last 24 hours, decisively breaking above key psychological levels and catching many bearish traders off guard, leading to substantial liquidations of short positions. The rally was underpinned by positive macroeconomic news and continued strong institutional interest in the leading cryptocurrency. The price of Bitcoin (BTC) climbed over 3% within a…
The Virtuals Protocol (VIRTUAL) is the trending token on CoinGecko, after posting notable gains over the day and in the last month. However, heads turn amid concerns that whale control, weak fundamentals, and AI hype may be fueling a volatile rally. VIRTUAL Whale Holdings Raise Red Flags VIRTUAL, a fast-rising AI-themed token, has skyrocketed nearly 300% in May, gaining 46% in the past 24 hours alone. Trending on CoinGecko, data shows it was trading at $2.13 at the time of writing. VIRTUAL price performance. Source: CoinGecko Yet behind the meteoric price action lies a troubling concentration of power. According to…
South Korea’s leading crypto exchange Upbit has announced the listing of Pudgy Penguins (PENGU) on the KRW, BTC, and USDT exchanges, expanding investors’ access to one of the most recognizable NFT-themed meme tokens. Upbit Lists Pudgy Penguins (PENGU) for Trading on KRW, BTC and USDT Markets Its inclusion on this list is the latest sign of growing market support for meme coins with strong community support and brand awareness. According to Upbit’s announcement, PENGU deposits and trading will commence shortly, and certain precautions and temporary restrictions will be implemented to ensure a smooth market entry. Upbit reminds users to carefully…
Riding bitcoin’s climb to levels last glimpsed in early February, the network’s raw processing muscle has rocketed to a record-setting 929 exahash per second (EH/s), a horsepower figure that illustrates just how fiercely miners are competing to add the next block. Miners Power Up: Bitcoin Network Reaches Record 929 EH/s Bitcoin’s hashrate surged roughly 3 EH/s above the 926 EH/s peak logged Tuesday, April 8, 2025, highlighting a steady march higher rather than a single‐day jolt. On Friday, May 9, 2025, the tally briefly kissed 929 EH/s before settling near 924.78 EH/s at 10 a.m. Eastern, showcasing an almost-ceaseless hum…
Crypto developer activity has slowed down to levels not seen since 2018, despite the constant project launches. Activity, as measured by GitHub commits, is lower across the board, while Ethereum retains a 40% share of new code deliveries. Crypto projects are slowing down their open-source activity. Developer activity has returned to levels not seen since 2018, based on open-source repository commits. Open-source activity peaked in August 2023, at 176K weekly commits. The Ethereum ecosystem is responsible for around 40% of all additions, with 28.7K in weekly commits. At its peak, the Ethereum ecosystem produced 93.2K commits. Developer activity and the…
Bitcoin’s price is coasting along at $101,251 on May 8, 2025, leaving a 7.44% gap before reaching its all-time high. With a market capitalization of $2.01 trillion and a 24-hour trading volume of $58.84 billion, bitcoin’s current positioning reveals a complex but bullish technical landscape, as it ranged intraday between $95,967 and $101,711. Bitcoin On the daily chart, bitcoin shows dominant bullish momentum with a confirmed breakout above the prior consolidation zone. The move is supported by increasing volume, validating the recent upside push. The current support band rests between $93,000 and $95,000, while resistance is projected above $102,000. Traders…
The crypto market has experienced a significant surge in trading activity this week, following the US Fed’s decision to hold interest rates steady. Amid the broader rally, on-chain data has revealed whale accumulation in several key altcoins. Here are the top altcoins that crypto whales have been buying in the second week of May. Ethereum (ETH) Leading altcoin ETH has emerged as one of the assets that crypto whales have paid attention to this week. The altcoin has reclaimed $2,000 following the Federal Reserve’s dovish stance and the successful implementation of its Pectra Upgrade two days ago. These catalysts have…
B3 will launch these new futures on June 16, opening new investment avenues for institutional buyers seeking crypto asset diversification. The bourse also announces changes to bitcoin futures to increase the accessibility of these products, given bitcoin’s recent price hike. Brazilian B3 Announces Solana, Ether Futures Launch; Reduces Bitcoin Futures’ Contract Price The Brazilian Stock Exchange (B3) has announced new developments in the crypto side of its investment offering. The institution disclosed the launch of ether and solana futures contracts to diversify its crypto product offering for potential investors interested in these assets. The products, which will be available on…