Author: NBTC

Key takeaways Ether reclaimed the $4,600 level a few hours ago after the Fed cut its benchmark interest rate. The leading altcoin could hit the $4,800 resistance level soon amid strong on-chain data. Ether hits $4,600 as market conditions turn bullish Ether, the second-largest crypto by market cap and the leading altcoin, is up by more than 1% in the last 24 hours. The positive performance allowed Ether to hit the $4,600 mark a few hours ago, but it has now slightly retraced to trade at $4,580. The rally comes as the Federal Reserve (Fed) reduced its interest rate by…

US banks should give better rewards to attract and keep customers instead of griping about the threat that stablecoins pose to their profits, says Bitwise’s investment chief Matt Hougan. “If local banks are worried about competition from stablecoins, they should pay more interest on deposits,” Hougan wrote on X on Tuesday. He added that the banks are only worried because “they’ve been abusing depositors as a free source of capital for decades.” Hougan’s comments come as Citi claimed last month that yield-bearing stablecoins could spark a wave of bank withdrawals, and as US banks have lobbied Congress to tighten up…

Wildberries, Russia’s largest e-commerce platform, has begun testing crypto payments in Belarus. The program, developed in collaboration with fintech firm Whitebird, operates under the supervision of Belarus’s Hi-Tech Park, a state-backed hub for technology and blockchain projects. How the system works Rather than enabling direct cryptocurrency payments to merchants, the pilot relies on a hybrid model. Customers can convert digital assets such as Bitcoin, Ethereum, and Toncoin into electronic gift certificates issued in Belarusian rubles. These certificates can then be used to purchase goods on the Russian e-commerce platform’s website and mobile application. Related: Half of Mastercard’s EU E-Commerce Now…

A large Ethereum whale has caught the attention of traders. After pulling out a massive sum of ETH from Binance within just two hours. Blockchain data shows that the investor, identified by the wallet address 0x96F4. Withdrew 15,200 ETH valued at around $70.44 million. The move is flagged by the on-chain analytics platform Lookonchain. It immediately sparked debate in the crypto community. Such large withdrawals from exchanges often hint at a whale either securing assets in personal custody. Or preparing for long-term strategies. Whale Transfers ETH Into Gnosis Safe According to Arkham Intelligence data, the withdrawn ETH was moved into…

Crypto exchange Gemini has upped its initial public offering ahead of its debut on Friday and is now aiming for a valuation exceeding $3 billion, showing growing investor interest in crypto-related companies. The updated prospectus, filed with the Securities and Exchange Commission on Tuesday, said that the Cameron and Tyler Winklevoss-founded firm now intends to sell its stock in the range of $24 and $26, up from its initial $17 to $19 offer. The exchange will offer around 16.67 million shares, the same as before, and aim for a raise of $433 million, up from its goal of raising $317…

The cryptocurrency space is competitive as new projects emerge regularly, fighting for recognition and endorsements. Hyperliquid (HYPE) and Aster (ASTER) appear to be in a critical competitive phase. This had led to speculations on the role Changpeng “CZ” Zhao, former CEO of Binance, is playing to influence these projects. CZ denies plans to influence Hyperliquid vs. Aster rivalry Notably, on X, CZ responded to a speculative post from Crypto Bitlord that he could manipulate the crypto market to favor ASTER over HYPE. CZ has brushed off the idea, maintaining that his recent comments in the space were to address fear,…

Ethereum is approaching a decisive phase that could carry it into five-figure territory, according to a multi-timeframe analysis from trader Cantonese Cat (@Cantonmeow). Ethereum Ready To Smash All-Time Highs In a video published today, the analyst argues that ETH has cleared a cluster of late-cycle resistances and is now exhibiting a confluence of technical signals—on monthly, weekly, daily, and intraday charts—that “favor some of the higher targets to be met, maybe 1.272, 1.414, 1.618, anywhere around potentially five figures.” These Fib levels would put ETH at $7,752, $9,883 and $14,011 respectively. On the monthly chart, the analyst centers his case…

Following a phase of consistent flows into spot Ethereum exchange-traded funds (ETFs), investors are taking a break. This cool-off period comes as ether (ETH) hovers about 15% from its recent all-time high (ATH), and BTC remains range-bound between $108,000 and $113,000. Analysts at the cryptocurrency exchange Bitfinex revealed that Ethereum ETFs have just recorded their second-largest single-day outflow since their launch. Ethereum ETF Inflows Cool Off According to this week’s Bitfinex Alpha report, the 14-day average of net flows into Bitcoin and Ethereum ETFs highlights the significant role these products have played in recent price action. Between May and August,…

The decentralized finance (DeFi) landscape is constantly evolving, presenting both immense opportunities and complex challenges for institutions and protocols looking to participate. A new player, Liquidity vault RockSolid, is making waves, recently securing a significant $2.8 million in pre-seed funding. This pivotal investment signals growing confidence in solutions that simplify DeFi access, promising a future where engaging with decentralized liquidity is no longer a daunting task. For many, navigating DeFi’s intricacies has been a major barrier; RockSolid aims to change that narrative. What is Liquidity Vault RockSolid and Why is it Important for DeFi? At its core, Liquidity vault RockSolid…

In a groundbreaking development for South Korea’s digital asset landscape, Korea Digital Asset (KODA), a prominent digital asset custody firm, has achieved a significant milestone. KODA has become the first virtual asset service provider (VASP) in the nation to receive the coveted KODA venture company certification from the Ministry of SMEs and Startups. This pivotal moment signals a major shift in how blockchain and cryptocurrency businesses are recognized and supported within the country’s regulatory framework. What Does KODA’s Venture Company Certification Truly Mean? For years, virtual asset service providers in South Korea faced an uphill battle when seeking venture company…