Author: NBTC

Summary ETH trades near $4,300, but faces critical support at $4,200, with $236M in liquidation risk if it breaks lower. Current range: $4,200–$4,500, with major resistance at $4,400–$4,500 and key liquidation levels around $4,170. Bullish projection targets $4,550–$4,800 if ETH breaks above $4,500 and ETF/deFi momentum returns. Downside risk includes a drop to $4,000 or $3,600 if support fails, driven by cascading liquidations and macro pressure. Ethereum price prediction is neutral, with high short-term volatility and a longer-term bullish bias based on fundamentals. Ethereum is barely hanging on around $4,300, slipping just 0.1% today. But the big concern for Ethereum…

Backpack Exchange, a global cryptocurrency trading platform, said Monday that its European division, Backpack EU, is officially live. Operating out of Cyprus and licensed under the European Union’s MiFID II framework, the exchange is positioning itself as one of the first fully regulated venues in Europe to offer crypto derivatives, starting with perpetual futures. “As far as I’m aware, it’s just going to be us and Kraken” in Europe offering perpetual futures, Armani Ferrante, the CEO of Backpack, said in an interview with CoinDesk. The debut follows Backpack’s acquisition of FTX EU earlier this year. In January, the FTX bankruptcy…

Ethereum continues to trade sideways, with little to no price action reflecting a lack of decisive demand or supply. Neither buyers nor sellers are in control, leaving the market stagnant within well-defined ranges and awaiting a catalyst to break the equilibrium. ETH Technical Analysis By Shayan The Daily Chart On the daily timeframe, ETH remains confined within its ascending channel, though momentum has stalled in the upper half of the structure. After failing to extend higher toward the $5K resistance zone, the asset has settled into a narrow consolidation around the $4.2K mid-range support. This zone has acted as a…

Leading cryptocurrency Bitcoin (BTC) has been trading within a certain range after breaking a new record by exceeding $124,000 in mid-August. While the Fed was expected to cut interest rates for Bitcoin to rise, it never made the expected interest rate cut in June and July. At this point, interest rate cut hopes have been postponed until September. Fed Chair Jerome Powell recently signaled a moderate approach to interest rate cuts in his statement in Jackson Hole. Powell noted that the balance of risks has shifted, adding that policy remains in restrictive territory and the changing balance of fundamental outlook…

Native USDC will bring secure on- and off-ramps to Hyperliquid with Circle Mint. CCTP V2 enables efficient cross-chain USDC transfers, supporting faster trading activity. Hyperliquid volume shows USDC as dominant, with $398B in derivatives already active. Circle announced today that it will deploy native USDC and the upgraded Cross-Chain Transfer Protocol (CCTP V2) on Hyperliquid, a decentralized exchange built with HyperCore and HyperEVM. The rollout will introduce seamless USDC transfers, unlock deeper liquidity, and provide institutional on-ramps through Circle Mint. With this integration, Hyperliquid is positioned to expand its infrastructure and strengthen adoption across the decentralized finance market. .@circle announces…

Introduction Mining pools have been pivotal in shaping the cryptocurrency mining landscape since Bitcoin’s early days. As mining hardware evolved from CPUs to GPUs, then to ASICs, mining pools simultaneously adapted to these technological advances. This article explores how mining machines and mining pools grew alongside each other and the evolution of the mainstream mining pool models that define today’s mining industry. From CPU Mining to the Birth of Pools At Bitcoin’s inception in 2009, mining was done solo using conventional CPUs on personal computers. Mining difficulty was low, enabling individuals to find blocks and earn Bitcoin independently. However, as…

A pseudonymous developer in Canada knows that his project’s target demographic cares little about crypto or decentralized finance. For the most part, Pokémon card collectors are a skeptical group, according to the individual who goes by Keef on X. “These people don’t really want to go on-chain,” he told Decrypt, in reference to NFTs that are redeemable for trading cards from the globally recognized media franchise. “I think a lot of people that aren’t already here are very apprehensive.” A bigger task than he initially anticipated, Keef is working on a platform that will one day allow people to use…

The Ethereum (ETH) market is registering significant asset movement in the last hour. As spotted by Onchain Lens, a platform that monitors large transactions, 15,000 ETH have been deposited on the Binance exchange. Ethereum price holds despite exchange inflows The address that has been linked to Matrixport transferred the coins valued at $64.67 million in a move that has sparked concerns in the Ethereum community. The transaction suggests the crypto financial services firm might be looking to sell for profit-taking. With Ethereum shedding about 1.79% of its value within the last seven days, there are concerns over the asset’s inability…

Tokenized institutional alternative funds (IAF) surged 47% in the last 30 days, reaching a total value of $1.74 billion, according to data from real-world asset (RWA) tokenization tracker RWA.xyz. The data showed that all protocols except Libre Capital had percentage increases in the last 30 days. Centrifuge led the growth, expanding its market cap by 252% to $704 million. This gave the issuer a 40.4% market share for IAFs. Apart from IAFs, Centrifuge also had almost $400 million in tokenized US Treasury products, bringing its total value locked (TVL) to over $1 billion. This allowed Centrifuge to join BlackRock’s BUIDL…

A group of Republican lawmakers has asked the U.S. Commerce Department to investigate potential national security threats tied to DeepSeek, a Chinese company behind an open-source AI model known as R1. In a letter sent August 1 and made public on Tuesday, the senators cited risks that the model could leak U.S. user data and aid China’s military and surveillance efforts.  Led by Senator Ted Budd (R-NC), the letter was co-signed by Senators Bill Cassidy (R-LA), John Cornyn (R-TX), Marsha Blackburn (R-TN), Todd Young (R-IN), John Husted (R-OH), and John Curtis (R-UT).  DeepSeek “has willingly provided and will likely…