Author: NBTC
The largest altcoin, Ethereum (ETH), has been on a tremendous run in recent weeks, rising from levels of $1,800 to $2,600. Apart from the price performance, another record came from ETH. Ethereum’s on-chain stablecoin volume reached an all-time high of $908 billion in April. This record shows that Ethereum’s application in the financial sphere is becoming increasingly popular. This growth in Ethereum was led by USD Coin (USDC), with trading volume exceeding $500 billion in the last six months. Other stablecoins such as DAI and USDS also saw significant movement, indicating that the stablecoin market is showing a diversified development…
Popular crypto analyst The DeFi Investor has shared his updated watchlist of crypto projects that are expected to see significant developments in the new week. The list includes many important topics, from integrations to legal regulations. Here are the cryptocurrencies that the analyst drew attention to and the expected developments: Mantle (MNT): The project is expected to make a major integration announcement next week. Jupiter (JUP): Jupiter is scheduled to make two major product announcements next week. Avalanche (AVAX): It is stated that the project may make important announcements during the Avalanche Summit, which will start on May 20 in…
The Pearl Fund has launched a $500 million Bitcoin investment fund (Pearl BTC) that allows accredited investors to completely eliminate capital gains taxes after holding their Bitcoin investment for 10 years. “Bitcoin’s biggest problem is capital gains tax. We’ve solved that,” said Brian P. Phillips, Managing Partner at The Pearl Fund and a Forbes-ranked top 10 Opportunity Zone investor. This fund marks a first in the U.S.—a fully SEC-compliant, institutional-grade Bitcoin vehicle that leverages federal Opportunity Zone (OZ) law to bypass long-term capital gains taxes entirely. Investors who roll over recent capital gains into the Pearl Bitcoin Fund can defer…
An unidentified wallet made a major on-chain move by withdrawing 13,800 ETH from the leading cryptocurrency exchange in the U.S., Coinbase. Based on current prices, this withdrawal is the equivalent of $35.26 million. Soon after, the same address repaid a portion of its outstanding ETH loan on Aave. The wallet, labeled “0x2b0aD,” used the funds to repay variable-rate Ethereum debt borrowed against cBTC, a version of Bitcoin wrapped on the Coinbase platform. The blockchain data shows that 13,750 ETH of the loan token was burned and about 13,800 ETH were sent back to Aave’s lending pool. However, this repayment is…
Is Litecoin price still worth having in your crypto portfolio in the second half of 2025? The cryptocurrency has historically been considered as the digital silver because of its similarities to Bitcoin especially from a consensus mechanism perspective. That title may still hold water in 2025 judging by its appeal. Litecoin holder data on IntoTheBlock revealed some interesting details about holder behavior. Over 69% of LTC holders were in profit despite its recent price drop below $100. Only 25% of holders were at a loss, meaning Litecoin was among the coins with the highest rate of profitability among its holders.…
According to breaking news, Coinbase, the largest cryptocurrency exchange in the United States, received some good news shortly after President Donald Trump took office: The Securities and Exchange Commission (SEC) dropped a lawsuit against the company alleging that it illegally marketed digital assets to the public. However, this development may not be the end of Coinbase’s legal troubles. The SEC is investigating whether Coinbase misrepresented its user numbers in past public filings, according to four people familiar with the matter. The investigation began during the Biden administration and continues under Trump. The investigation, which has not been previously made public,…
KULR Technology Group has deepened its Bitcoin commitment, purchasing 42 additional BTC and bringing its total holdings to 716.2 BTC, the company announced. The energy storage and management firm said it has spent approximately $69 million acquiring Bitcoin (BTC) at an average price of $96,342 per BTC. The latest investment follows KULR’s December 2024 announcement that it would allocate up to 90% of its surplus cash to Bitcoin. At the time, the company held around $12 million in cash reserves and cited financial resilience and global Bitcoin adoption as core drivers behind the strategy. You might also like: New Hampshire…
Cryptocurrency prices retreated last week after Bitcoin failed to move above the resistance level at $106,000 and as traders took profits. Bitcoin (BTC) price was trading at $103,000 on Sunday, while the recent Ethereum (ETH) surge hit a barrier. Looking ahead, some of the top cryptocurrencies to watch this week will be Ripple (XRP), Trump Coin (TRUMP), and Zetachain (ZETA). XRP in focus ahead of CME futures launch XRP price will be spotlighted this week as CME Group launches the first cash-settled futures on Monday. Futures contracts let traders bet or hedge against the future price of an asset without…
After the GENIUS Act failed in the Senate last week, legislators added a few bipartisan amendments. These represent significant concessions to the anti-crypto faction, with several important restrictions. In particular, they ban Big Tech firms from issuing and possibly even holding stablecoins. These amendments would increase stablecoin transparency and enable enforcement actions on noncompliant firms. Could the GENIUS Act Pass with New Amendments? Stablecoin regulations are a priority issue for US crypto regulation, and the GENIUS Act is currently the industry’s best hope for passing them. Although its success seemed likely last week, it failed in the Senate after stiff…
Canadian bitcoin mining firm POW.RE Holdings Limited announced plans to acquire Swiss bitcoin liquidity protocol Block Green AG in a deal combining equity, bitcoin, and cash. POW.RE and Block Green Merge to Combine Mining and Financial Services The acquisition, pending a definitive agreement within 90 days, aims to merge POW.RE’s sustainable mining operations with Block Green’s financial services for bitcoin miners. Under terms disclosed, POW.RE will acquire 100% of Block Green’s shares through an equity swap alongside bitcoin ( BTC) and U.S. dollar payments. Block Green, regulated under Swiss law and backed by investors including Founders Fund and Coinbase Ventures,…