Author: NBTC

Ethereum broke above the $4K resistance, and turned it into a key support level for potential upward continuation. The breakout from a multi-year ascending triangle sees a new target at $4.8K. Rising volume indicates increasing buying interest Ethereum surged past the $4K mark after breaking out from a long-term ascending triangle. The move positions ETH for a potential rally toward $4.8K as bullish momentum builds across the market. Ethereum Clears $4K — $4.8K Target Comes Into Focus Ethereum broke the $4K resistance for the first time in months. This level has been a barrier since 2024, stopping every breakout attempt.…

State Street Investment Management partnered with State Street to educate tradFi on crypto. Summary Stablecoin Standard and State Street IM partnered to educate tradFi on crypto State Street is one of the world’s biggest asset managers, with $4.67 trillion AUM Stablecoins and tokenization have become one of the most attractive crypto segments for tradFi Major institutional players are increasingly focusing on stablecoins. On Tuesday, August 5, State Street, one of the world’s biggest asset managers with $4.67 trillion in assets under management, teamed up with Stablecoin Standard to educate industry players on crypto. This initiative will particularly focus on stablecoins…

Exciting news is now officially circulating within the crypto community! Binance Alpha and Futures are set to add SAPIEN, a significant development that has captured widespread attention. This Binance SAPIEN listing was initially announced via the New Listings Feed on X, marking a major milestone for the SAPIEN project. For many, securing a listing on a top-tier exchange like Binance represents substantial validation and opens up critical new trading avenues. What Does the Binance SAPIEN Listing Uncover for Traders? Binance Alpha functions as an early-stage discovery program. It meticulously identifies promising tokens based on specific, stringent criteria. These criteria primarily…

This is a segment from the Forward Guidance newsletter. To read full editions, subscribe. Yesterday I wrote about how stocks were on the recovery path after last week’s disappointing data. I also said I wasn’t sure how long the rally would last. Go figure, US equities and cryptos are back in the red today. In the first few hours of trading, the S&P 500 was trading 0.5% lower while the Nasdaq Composite had lost 0.6%. BTC was 2% lower over the last 24 hours at that time. Some of the biggest names on Wall Street say stocks have further to…

Bybit’s newest proof of reserves drew the attention of Shiba Inu (SHIB) fans to one number: 2,943,549,207,720 Shiba Inu tokens. That is roughly three trillion coins held on the second largest crypto exchange, confirming that SHIB is still a top player when it comes to user balances. The snapshot, the 25th in Bybit’s audit series, covered holdings across multiple blockchains. Nonetheless, with its trillions, SHIB towered above the rest, making every other balance look small in comparison. The update also provided an updated look at how the larger coins have moved over the past three weeks. Bitcoin holdings climbed 5.61%…

Good Morning, Asia. Here’s what’s making news in the markets: Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk’s Crypto Daybook Americas.The maturing digital assets market that has sophisticated market making, capital markets, and decentralized finance, is still lacking one key market infrastructure to compete with traditional finance: an institutional-grade credit agency. Architect aims to change this by launching crypto’s first institutional-grade credit ratings service, similar to traditional finance’s Moody’s – because most TradFi ratings agencies just won’t…

Coinbase CEO Brian Armstrong applauds the exchange’s move to add XRP and Solana to its perpetual futures offering in the United States. For context, Coinbase recently added XRP and Solana to the list of supported assets for perpetual-style futures. Notably, the inclusion of XRP and Solana raises the total number of assets available for perpetual futures to four. The San Francisco-based exchange launched the perpetual futures offering for U.S. customers last month, with initial support for Bitcoin and Ethereum. Less than a month after this launch, Coinbase has now expanded the offering to include XRP and Solana. Reacting, Coinbase CEO…

Ethereum core developer Federico Carrone, known as “Fede’s Intern” on X, confirmed he has been released after being detained in Turkey for 24 hours over alleged links to a Ethereum privacy protocol. “I’m finally out, safe and free. There was a small moment were things looked very bad but thanks to help from many I got released,” Carrone said in an X post on Monday. According to Carrone, Turkey’s Minister of Internal Affairs accused him of “helping others miuse Ethereum” in alleged connection to a privacy protocol. Carrone said he believes it is linked to a January 2022 research paper…

Investors withdrew money from U.S.-listed spot bitcoin exchange-traded funds (ETFs) for the fourth consecutive trading day as U.S. service sector data raised the stagflation bogey.The 11 ETFs registered a cumulative net outflow of $196 million on Tuesday, with Fidelity’s FBTC and BlackRock’s IBIT accounting for the giant share of the tally, according to data source SoSoValue. The four-day outflow streak, the longest since April, began on Thursday when the ETFs bled $114.83 million, followed by $812.25 million on Friday and $333.19 million on Monday. The U.S. ISM Non-Manufacturing or services PMI released on Tuesday showed tariff-driven inflation, employment weakness and…

Crypto exchange Kraken has acquired the assets and technology of Capitalise.ai, an Israel-based startup that built a natural-language, no-code platform for automating trading strategies across multiple asset classes, the company said in a press release Wednesday. Keefe, Bruyette & Woods, a Stifel company, acted as financial advisor to Capitalise.ai. Financial details of the acquisition were not disclosed. Founded in 2015, Capitalise.ai developed a system that lets users turn everyday text into executable trading strategies. The company’s technology supports real-time and historical data analysis spanning equities, crypto, FX, futures and options. Its tools have been used by a range of traditional…