Author: NBTC
Ethereum (ETH) could drop by 11% to reach the $2,850 support level if closes a daily candle below the $3,200 level. Currently, 53.07% of top traders hold short positions, while 46.93% hold long positions. At present, the short positions created by sellers are more than double the long positions held by buyers. Ethereum (ETH), the world’s second-largest cryptocurrency by market cap, is flashing a sell-off signal, hinting at a notable price decline in the coming days. Over the past three days, sentiment across the cryptocurrency landscape has shifted noticeably toward the bearish side, leading to a substantial price drop. Ethereum…
The cryptocurrency market is rallying, with several prominent tokens posting significant gains in the last 24 hours. Hedera (HBAR), Kaia (KAIA), EOS (EOS), Litecoin (LTC), and VeChain (VET) are the top performers, with sharp price increases and substantial trading volumes. This surge may signal renewed investor confidence and a broader market recovery. Hedera and Kaia Show Exceptional Gains Hedera (HBAR) has surged 38.69% in the last 24 hours, reaching $0.248179, with a trading volume of $3.73 billion. This sharp increase indicates strong market activity and renewed interest in Hedera’s technology. Kaia (KAIA) follows closely, climbing 25.17% to $0.276048, with a…
The Nigerian securities regulator has cautioned that some applicants for virtual asset service provider (VASP) licenses do not meet regulatory requirements. SEC Welcomes Stakeholder Feedback The Director-General of the Nigerian Securities and Exchange Commission (SEC), Emotimi Agama, warned that some virtual asset service provider (VASP) license applicants do not meet the regulator’s requirements and will have their applications rejected. However, Agama, speaking at a meeting with applicants, said the commission will continue providing clarity on complex issues to assist in the registration process. Agama’s warning comes several months after the SEC issued its first licenses under the Accelerated Regulatory Incubation…
Binance, the world’s largest cryptocurrency exchange, has announced plans to delist several spot trading pairs as part of its routine market review process. Binance to Delisting Select Spot Trading Pairs on January 10, 2025 In a statement made by the exchange, it was stated that this move aims to protect users and maintain a high-quality trading environment. Effective January 10, 2025, 06:00, Binance will remove and suspend trading of the following pairs: AXL/FDUSD C98/BTC ENJ/ETH Reason for Removal from List The decision to delist these pairs comes after Binance periodically reviews its trading pairs, taking into account factors such as…
In a very positive and radical shift for the web3 sector, INTO has entered a new partnership with ZkAGI, the most popular privacy-preserving AI platform. This partnership will enable a reimagining of modern innovation through the mutual blending of decentralized structure and privacy-preserving AI technologies. 🤝 We are pumped to announce our partnership with @zk_agi, the first privacy AI DePIN revolutionizing decentralized computing and AI! 🌐💡ZkAGI is a groundbreaking project combining AI and blockchain to create a privacy-first system. With products like GPU Clustering, Zynapse… pic.twitter.com/uMRMzfOt82 — INTO (@intoverse_) January 9, 2025 INTO’s Revolutionary Web3 Ecosystem INTO has been very…
Bitcoin’s open interest has skyrocketed to an incredible $70 billion, setting a new record for derivatives activity. This spike in open interest indicates that there is more market activity and that traders are setting up for big price movements. Bitcoin’s surge to $98,000 is reflected in a steady increase on the open interest chart. With futures traders placing bets on both upward and downward price movements, this degree of open interest usually indicates increased speculative activity. This raises the possibility of increased volatility even though it might also be an indication of confidence in Bitcoin’s momentum. According to the price…
DeFi protocol Derive’s Head of Research, Dr. Sean Dawson, has provided a bullish prediction for the Ethereum price. He predicted that the second-largest crypto could rally to as high as $12,000 and explained how the Pectra upgrade could contribute to the parabolic rally. Ethereum To Reach $12,000 Thanks To Pectra Upgrade And Other Factors Dawson predicted that Ethereum could reach $12,000 by the end of the year thanks to the Pectra upgrade, Donald Trump’s presidency, increased adoption, and a surge in ETF inflows. According to the research analyst, this bullish case is possible if the Pectra upgrade is successful. The…
XRP has surged to become the third-largest crypto by market cap, trailing only Bitcoin and Ethereum. This has reignited global interest, particularly in Korea. Ryan Kim, founder of crypto investment firm Hashed, highlighted the Ripple Market Korea project on X today, pointing to Korean investors’ strong interest in XRP. This interest has a long history, dating back to 2014 when Ripple Labs first introduced XRP to Korean investors, including “ajummas” — middle-aged Korean women who often wield significant influence in household financial decisions. Ripple Labs sold XRP to Korean Ajummas with Ponzi scheme in 2014. It called “Ripple Market Korea”.…
Crypto stakeholders have criticized the outgoing Securities and Exchange Commission (SEC) Chair Gary Gensler for his continued hostility toward the crypto industry. In a recent Bloomberg interview, Gensler reiterated his concerns about the emerging industry, claiming that it was “rife” with bad actors. Gensler defends SEC legacy According to him, the financial regulatory agency made significant strides in policing the sector under his leadership. He noted that the SEC’s regulatory efforts under his leadership resulted in nearly 100 enforcement actions initiated during his tenure. He emphasized that these efforts were built upon the 80 actions taken by his predecessor, Jay…
Wintermute, a global leader in algorithmic trading and liquidity provision for digital assets, has become the first platform to offer OTC trading to BUIDL tokens. The CEO discussed this initiative in an interview on Bloomberg and highlighted why the company made the strategic move. The move will ensure enhanced accessibility and liquidity of BUIDL tokens for institutions and venture-backed projects. Wintermute aims to bridge the liquidity gap and provide the crucial piece that completes the value chain by enabling BlackRock’s BUIDL to be traded more efficiently on secondary markets. BUIDL token is highly demanded in the OTC market During the…