Author: NBTC

A closely followed crypto analyst says that Ethereum (ETH) looks ready to rip further after breaking above the $4,000 price tag. In a new video update, crypto trader Cheds tells his 50,200 YouTube subscribers that the second-largest digital asset by market cap looks primed to continue climbing all the way to $10,000, which would represent about a 135% gain from its current price. According to the trader, Ethereum broke out of a massive bullish pattern, setting the stage for a huge upside burst. “This is a continuation pattern, and we have it here on Ethereum, on a higher time frame…

This is a segment from the Forward Guidance newsletter. To read full editions, subscribe. It’s Fed Decision Day Eve, and while we’re all but certain interest rates will remain unchanged, tomorrow’s FOMC statement and Chair Powell’s press conference have potential to move markets. Investors are hoping for a September rate cut, and right now, they’re decently confident that’s what we’ll get. Markers are currently pricing in a 62% chance of a 25bps cut in September, per data from CME Group. What kind of language in tomorrow’s statement would assure markets that FOMC members are feeling dovish? For starters: any indication…

Beeple caused Nakamigos NFTs to soar — and later plummet — in price this weekend after an AI-based stunt at the artist’s CryptoPunks meetup depicted Larva Labs’ founders launching an earlier iteration of the collection. At “CryptoPunks meetup 2.0,” a video showed an AI rendition of Matt Hall and John Watkinson supposedly launching the “V-ZERO CryptoPunks.” The founders apparently discussed how the original, earlier iteration of CryptoPunks was created two years before the actual CryptoPunks NFT collection. Read more: While crypto burns, Madonna gives birth to robot centipedes in NFT series Both Hall and Beeple also signed flyers, however, these…

More than 1.035 million Ethereum worth $4.167 billion have been accumulated by unknown whales and institutions over the past month. Summary Whales, institutions amass 1.035 million Ethereum worth $4.17 billion in one month. Average ETH buy price $3,546 as price surges from $2,600 to $4,170. Analysts warn of overextension, advise ETH ecosystem plays instead. According to analyst Ember CN, the massive buying spree coincided with ETH’s price surge from $2,600 to over $4,000, which is a 45% gain since July 10 and a 19.6% gain over the last seven days. The institutional accumulation occurred through exchanges and institutional trading platforms…

Fed Chair Jerome Powell is not expected to signal a rate cut at this week’s meeting. Julia Coronado, President and Founder of Macropolicy Perspectives, said, “Powell will continue his ‘wait-and-see’ policy this week. He will leave the door open for a September interest rate decision, but we don’t expect any significant moves at this week’s meeting.” Coronado said the Fed won’t make any changes to interest rates at its upcoming meeting, but Powell will deliver key market guidance at his press conference. “There are some signs of softening in the economy and a gradual increase in inflation,” he said. “The…

Terminus, a prominent platform for Web3 to Web2 payments, has partnered with SocialGrowAI, a cutting-edge multi-chain Telegram bot. The collaboration focuses on merging the payment convenience and AI-led engagement tools to bolster the user engagement and growth with significant rewards. As per the official announcement of Terminus, the partnership is poised to redefine the interactive and transactional experience. Hence, the consumers can expect the establishment of a relatively gamified, reward-rich, and integrated ecosystem facilitating worldwide Web3 participants. 👥 Terminus syncs orbits with SocialGrowAI 🤝As a trailblazing multi-chain Telegram bot and web app blazing with gamified brilliance, SocialGrowAI’s @SocialGrowAI AI-optimized trading,…

This is a segment from The Drop newsletter. To read full editions, subscribe. Crypto gaming and investment firm Animoca Brands now has a financial stake in Cool Cats, that 2D pastel cat PFP collection from the 2021 NFT boom that most of you probably forgot about a couple of years ago. Cool Cats, considered by some to have been at one point a “blue chip” NFT collection, will now be part of the Mocaverse. The Mocaverse is Animoca’s ambitious vision to give everyone their own crypto-powered identity and tie that into games and other experiences. Animoca’s investment (of an undisclosed…

Ethereum co-founder Vitalik Buterin has regained his status as a ten-figure crypto holder just days after Ether crossed the $4,000 price level for the first time in eight months, according to a blockchain intelligence firm. “Vitalik Buterin is now an onchain billionaire again,” Arkham said in a post on Saturday. At the time of publication, Buterin’s portfolio is valued at approximately $1.04 billion, holding 240,042 ETH alongside smaller stakes in cryptocurrencies such as Aave Ethereum (AETHWETH), WhiteRock (WHITE), Moo Deng (MOODENG), and Wrapped Ethereum (WETH). Traders anticipate new all-time highs for Ether On Saturday, Ether (ETH) climbed another 6.38%, reaching…

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.On Wednesday in the U.S., the Securities and Exchange Commission announced that investors are now allowed to do in-kind redemptions for bitcoin and ether exchange-traded funds (ETFs). The decision lets institutional traders create and redeem ETF shares directly in BTC or ETH, improving efficiency by avoiding fiat conversions. But in Hong Kong, this isn’t anything new. In…

OTalk is excited to officially collaborate with Stability World AI to redefine the creative landscape of Web3. This partnership represents a significant milestone in empowering creators globally by infusing artificial intelligence, entertainment, and blockchain-driven opportunities. https://twitter.com/LioraTool/status/1954118060404863176 Liora, a groundbreaking Web3 and AI ecosystem, has announced this exciting advancement through its official X account. OTalk is the leading platform for live streaming and community engagement, while Stability World AI is a generative AI powerhouse. The platform is set to redefine AI agents and is the pioneer of the “Generation-to-Earning” model. Liora Envisions the Partnership as a Leading Force in Blending Entertainment…