Author: NBTC

Ethereum (ETH) staking levels continue to break records, with the latest snapshot of the blockchain showing nearly 36.1 million ETH staked on the network – the highest level in history. Ethereum Staking Hits New ATH, Will Price Follow? According to a CryptoQuant Quicktake post by contributor XWIN Research Japan, close to one-third of Ethereum’s circulating supply is now staked. This high proportion suggests that ETH may be on the verge of a structural supply shock. The following chart shared by the analyst shows that even during sharp corrections in 2022 and 2023, staking levels continued to climb. Unlike speculative flows,…

Venezuela is turning to dollar-pegged cryptocurrencies to shore up its foreign exchange market as US sanctions choke oil revenues and reduce the availability of hard currency. The government has quietly allowed private businesses to buy and sell USDT, a stablecoin issued by Tether that mirrors the US dollar, in a bid to keep trade moving and maintain supplies of imported goods ranging from machinery to food. Sanctions shrink Venezuela’s dollar pool For years, Venezuelan companies seeking to import raw materials relied on central bank interventions to access dollars derived from oil exports. But that channel has narrowed as the United…

Bitcoin maxis are once again getting hyped up on hopium as BTC ETF inflows are on the rise again, indicating returning institutional interest. According to data from Lookonchain, some of the biggest financial institutions, including Fidelity, Bitwise and Grayscale sold ETH and bought BTC. Inflows into BTC and ETH ETFs. Source: Lookonchain On-chain data shows funds entering BTC ETFs On-chain data has revealed that spot Bitcoin exchange-traded funds surpassed Ethereum ETFs as far as investment flows on Tuesday. According to data from Lookonchain, spot Bitcoin ETFs saw $332.7 million in net inflows on Tuesday, led by $132.7 million moving into…

Ethereum price started a fresh decline from the $4,630 zone. ETH is now showing bearish signs and might decline further below $4,460. Ethereum is struggling to settle above the $4,630 zone. The price is trading below $4,580 and the 100-hourly Simple Moving Average. There was a break below a rising channel with support at $4,600 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start another increase unless there is a close below $4,460 in the near term. Ethereum Price Faces Hurdles Ethereum price started a downside correction and tested the $4,310 zone, like Bitcoin. ETH…

Crypto holdings reported in Australian Self-Managed Super Funds have dropped by approximately 4% year-on-year despite a crypto market rally, according to the Australian Taxation Office. The data, which has been adjusted for consistent valuation, shows that in June 2025, SMSF crypto holdings were at 3.02 billion Australian dollars ($1.97 billion), approximately $100 million Australian dollars less than the reported $3.12 billion in June 2024, as per the ATO report published on Wednesday. The fall came despite Bitcoin (BTC) price increasing approximately 60% over the same period, while the overall Asia-Pacific region bolstered its status as the “global hub of grassroots…

The CME’s regulated ether (ETH) futures market is heating up as the ongoing rotation out of bitcoin BTC$112,988.58 accelerates. The total notional open interest (OI) in ETH futures recently surpassed $10 billion for the first time on record, according to data shared by the exchange with CoinDesk. Early this month, the number of large open interest holders hit a record 101. Notional OI represents the dollar value of the number of active or open contracts at a given time. The CME offers standard contracts sized at 50ETH and micro contracts sized at 0.1 ETH. The large holders are those that…

Over 40% of Coinbase’s code is written by artificial intelligence, according to the firm’s CEO, Brian Armstrong, and he has hopes the figure will rise to 50% by next month. “Obviously it needs to be reviewed and understood, and not all areas of the business can use AI-generated code. But we should be using it responsibly as much as we possibly can,” Armstrong posted to X on Wednesday. The percentage of AI-generated lines of code at Coinbase has more than doubled since April, according to the chart he shared. Change in the percentage of Coinbase’s code that is AI-generated. Source:…

Are you ready for an exciting convergence of blockchain innovation and high-end culture? The crypto world is buzzing with news of a groundbreaking Taiko partnership that promises to redefine how we interact with art and luxury. Ethereum Layer 2 network Taiko (TAIKO) is joining forces with the prestigious Hong Kong-based non-profit K11 Art Foundation to host an exclusive event, the Moon Party, on September 4th at the luxurious Grand Hyatt Hotel in Seoul. What’s Driving This Revolutionary Taiko Partnership? This isn’t just another crypto event; it’s a carefully curated experience designed to bridge the gap between cutting-edge blockchain technology and…

Over $4.6 billion worth of Ether (ETH) is now on the exit queue for staking on Ethereum. Data from ValidatorQueue shows that validators are seeking to unstake a total of 1,009,8000 ETH from the network. According to the data, the massive amount of ETH awaiting withdrawal has increased the wait time for the ETH exits, taking it to 17 days and 13 hours. The new record high for ETH unstaking continues a trend of withdrawals from validators over the past few months. Interestingly, liquid staking protocols account for most of the unstaked ETH. Dune Analytics data shows that the top…

The United States Federal Reserve announced that it will soon host a conference on payments innovation and tokenization in what is turning into a big week of developments for real-world asset (RWA) tokenization. The Federal Reserve Board on Wednesday announced that it will host a conference on payments innovation on Oct. 21, bringing together industry experts to discuss “how to further innovate and improve the payments system.” The conference will feature panel discussions on several aspects of payments innovation, it stated. These include tokenizing financial products and services, converging traditional and decentralized finance (DeFi), emerging stablecoin use cases and business…