Author: NBTC
A cryptocurrency trader has incurred massive losses of over $2 million after holding Ethereum (ETH) for nearly a year. The long-term Ethereum investor capitulated, locking in a staggering $2.6 million loss in a transaction initiated within 30 minutes, according to the latest on-chain data retrieved by Finbold from Arkham Intel on April 16. The unidentified trader initially withdrew 1,160 ETH valued at $4.43 million from the OKX cryptocurrency exchange 11 months ago. At the time, Ethereum was changing hands at $3,816. The ETH was then transferred to a self-custody wallet, suggesting a long-term investment strategy or an anticipation of higher…
As traditional gold markets heat up, crypto investors are following suit—flocking to tokenized versions of the precious metal that offer both price exposure and digital flexibility. Gold-backed cryptocurrencies like Paxos Gold (PAXG) and Tether Gold (XAUT) have risen 24.15% and 23.7% respectively year-to-date to new all-time highs above $3,300, roughly matching the performance of spot gold. Their prices have since receded slightly to $3,265 and $3,244, respectively. While gold-backed cryptocurrencies surged so far this year, the wider cryptocurrency market has been in a downtrend. Bitcoin (BTC) has lost more than 11% of its value so far this year, while the…
As traders and investors anticipate the beginning of April and the onset of the second quarter (Q2) of 2025, crypto airdrops present an opportunity to join promising communities while they are still on the ground floor. This week, three notable crypto airdrops stand out as worth watching. Walrus Walrus (WAL), a decentralized storage protocol on the Sui blockchain, launched its mainnet and token generation event (TGE) on March 27. The event coincided with South Korea’s Upbit exchange listing WAL. The TGE saw Walrus distribute 4% of its 5 billion token supply via an airdrop. Eligible participants, including early Sui ecosystem…
Once the archetype of crypto’s Wild West, the Binance exchange is now positioning itself as the architect of a regulated, nation-state-aligned crypto future. The exchange capitalizes on a crypto-friendly shift in US policy under President Donald Trump to expand its global influence. Binance Transitions from Regulatory Outlaw to Shape Global Crypto Policy Binance, once the poster child of crypto’s regulatory defiance, is emerging as an unlikely policy advisor to governments worldwide. This is according to recent comments by CEO Richard Teng, who explained how the exchange is reshaping its image from a regulatory pariah to a trusted advisor across multiple…
As the crypto market witnesses a downfall to $2.4 trillion, the liquidations in the market cap rise up to nearly $1.5 billion. Amid the increased fear in the market, Bitcoin momentarily breaks under the $75,000 mark, recording a 24-hour low at $74,446. Bitcoin is back at a trading price of $77,480. Will this short-term bounce back after the major crashing move propel Bitcoin back above the $80,000 mark? Let’s find out. Bitcoin Price Analysis In the 4-hour price chart, the Ethereum price trend showcases a bearish breakdown of the consolidation range. The lower support for the consolidation range stood at…
As new leadership prepares to take over the US Securities and Exchange Commission, a crypto advocacy group believes now is the time to revive a 2020 proposal, Blockworks has exclusively learned. The DeFi Education Fund is asking the SEC to establish a “safe harbor” for token issuers, allowing them a limited registration exemption while they develop decentralized networks. It’s an idea Commissioner Hester Peirce first floated five years ago. “The safe harbor protects token purchasers by requiring disclosures tailored to their needs, preserving the application of the antifraud provisions of the securities laws, and giving them an ability to participate…
Get ready for another groundbreaking development in the crypto world! Hong Kong continues to solidify its position as a forward-thinking hub for digital assets. The latest news causing ripples of excitement? The Hong Kong Securities and Futures Commission (SFC) has just given China Asset Management (ChinaAMC) the green light to offer crypto staking services directly through its spot Ethereum ETF product. This pivotal decision, effective from May 15th, marks a significant step forward in integrating staking into mainstream investment vehicles. Why is Hong Kong SFC’s Approval of Ethereum ETF Staking a Big Deal? This isn’t just another regulatory nod; it’s…
According to a Monday report by Nikkei, Dalton Investments, a U.S.-based investment management firm, has tipped SBI Holdings CEO Yoshitaka Kitao as a candidate for the board of directors of Fuji Media Holdings, Japan’s largest media conglomerate. The activist investor, which holds a significant stake in the media giant, has previously voiced dissatisfaction with the company’s governance. Earlier this year, scandal-hit Fuji Media announced a substantial executive restructuring, which was meant to restore shareholder trust. Chairman Shuji Kanoh stepped down in January alongside Fuji TV head Koichi Minato. The company also reduced the number of directors to just 10. Hisashi…
Zilliqa postponed its 2.0 mainnet launch to April 2025 to improve network stability and readiness. Aventurine proto-mainnet and AI tools like ElizaOS and GOAT help prepare for the Zilliqa 2.0 transition. Zilliqa has once again caught the attention of the crypto community after announcing the postponement of the Zilliqa 2.0 mainnet launch until the end of April 2025. This decision came after the team conducted a series of stress tests on the proto-mainnet and attempted to align all critical components with their ecosystem partners. While the reason for the delay sounds reasonable, the market did not seem to welcome it…
This is a segment from the Forward Guidance newsletter. To read full editions, subscribe. It seems the market was acting up while I was out of office Thursday and Friday. It hasn’t stopped, either. Several industry watchers called out BTC’s resilience at the end of last week (compared to US equities, for example) following Trump’s tariff reveal. Then the asset’s price plummeted. While BTC price stood around $83,000 Friday, Forward Guidance podcast guest Tony Greer called corporate bitcoin buying at every price level “astounding.” He also noted institutions’ ongoing willingness to buy the dip and their apparent long-term belief in…