Author: NBTC

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…

Decentralized exchange (DEX) Etherex crossed the $120 million total-value locked (TVL) mark today after launching its token on Aug. 6. The REX token was released five days ago and is trading at a $155 million fully diluted valuation, but the token release sent the exchange’s TVL flying thanks to what it’s calling “x(3,3) tokenomics”. Since the token generation event, the Etherex TVL is up 435% to $123 million from just $23 million, due to its incentivized xREX staking mechanism, with an 84.35% APR. For users to instantly exit with the xREX stake and earnings, they incur a 50% penalty, where…

Bitcoin (BTC) and Ethereum (ETH) have been struggling to break higher lately, with the pair approaching technical resistance zones. Although there have been slight recoveries, doubts about the continuation of the rise remain due to some factors. At this point, cryptocurrency analysis firm 10X Research said that the current market faces challenges such as compressed volatility, seasonal weakness, and a lack of macroeconomic catalysts. The analyst firm said this situation casts doubt on the sustainability of the recovery. “Bitcoin recently recovered and climbed to the $117,000 level after confirming the $111,673 support. This recovery could trigger a short-term technical rally,…

The global crypto market cap rose 2% in the past 24 hours to $4.03 trillion as major cryptocurrencies posted gains. Bitcoin added 2.3% to $118,527, ether rose 0.7% to $4,293. Solana and XRP each advanced 4.4% while Dogecoin gained 4.7%. The rallies came alongside heavy short liquidations, with risk sentiment improving after a relatively calm macro session.Derivatives Positioning Futures open interest (OI) in major tokens decreased over the past 24 hours, indicating a capital outflow. It’s also suggestive of price losses being driven by the unwinding of long positions rather than outright short sales. XMR’s perpetual futures appear overheated, with…

The U.S. Securities and Exchange Commission’s (SEC) clarification around liquid staking continued to lift asset prices across the staking sector this week, with ETH rising to $4K for the first time since December on Friday. Several layer-2 networks have also been the beneficiary of ETH’s recent ascent. Ethereum scaling solution Optimism’s native token (OP) rose 8% in the past 24 hours to cement a weekly gain of 13%, rival network Blast also experienced a uptick of 6.3%. Mantle, which uses optimistic rollups to process transactions off-chain before settling them on the Ethereum mainnet, was the leader of the pack, with…

Hyperliquid has become the best blockchain by commissions as of August 11, 2025 with a total of $977 million collected as commissions since the last 30 days. This was faster than Ethereum with the $454 million and Solana with the $414 million as recorded by the CryptoRank.io and Delfi.ma. The run underlines the increasing popularity of Hyperliquid in the market of decentralized finance (DeFi) due to gas-free perpetual futures contracts trading and novel Layer 1 blockchain architecture. Revenue Back into HYPE Token One of the fuel agents of Hyperliquid is revenue allocation. A portion of the fees collected is being…

Ethereum’s price has been making higher highs and lows for a while now, climbing toward the key $4,000 mark. While both technical methods and sentiment metrics point to more upside, caution is advised, as the market might be in for a pullback soon. By Shayan The Daily Chart The daily chart demonstrates ETH’s upward path inside a large ascending channel. This uptrend began in the middle of April, and the price has broken multiple resistance levels to the upside. Both the 100-day and 200-day moving averages are also located below the price now, with the 100-day MA having an upward…

A significant development recently caught the attention of the crypto world: the Amber Group UNI withdrawal. This prominent crypto market maker has made a notable move, stirring discussions across the digital asset landscape. Understanding such on-chain activities is crucial for anyone tracking market dynamics and the strategic decisions of major players like Amber Group. What Sparked This UNI Token Withdrawal? Over the past three days, Amber Group, a well-known crypto market maker, withdrew a substantial 358,000 UNI tokens, valued at approximately $3.81 million, from the Binance exchange. This isn’t just any routine transaction; it marks the first time in over…

Exciting news is rippling through the world of Decentralized Finance! The innovative DeFi platform NODO has officially partnered with Momentum, a prominent decentralized exchange (DEX) operating on the Sui blockchain. This collaboration marks a significant leap forward, introducing cutting-edge AI vaults designed to revolutionize how liquidity is managed within the ecosystem. What are NODO’s Revolutionary AI Vaults? NODO’s newly launched AI vaults are fully autonomous, leveraging artificial intelligence to manage liquidity positions. Imagine a smart assistant constantly working to optimize your crypto assets in liquidity pools. These vaults aim to provide a more efficient and profitable experience for liquidity providers…