Author: NBTC
In recent weeks, the cryptocurrency market has witnessed one of its most aggressive shakeouts. The most recent liquidation heatmap shows that leveraged traders were severely impacted, as Bitcoin approached the $100,000 mark with over $298 million in total liquidations over the previous day. With losses of $114,46 million, Bitcoin led the wipeout as expected, followed by Ethereum with $65 million. The brunt fell on shorts wiping out $215 million in short positions, indicating a traditional short squeeze setup. In terms of price, Bitcoin is now trading just under $100,000, indicating that its breakout rally is still going strong. The asset…
For the past two years, Ethereum’s price has lagged behind Bitcoin. But over the past two days, ETH has been outpacing BTC and other major coins, with three analysts whom Decrypt contacted attributing its huge gains to a flawlessly executed technical upgrade and a few hopeful signs about the global economy. The analysts believe that Ethereum may have significant upside after languishing in the doldrums amid concerns about its underlying network’s speed and efficiency. “The market is poised to reward ETH, the world’s second-largest crypto asset, as it emerges from internal challenges, layer-1 competition, and Q1 risk-off pressures,” said Joel…
Crypto analyst Deso accuses Tether of using risky financial loops and borrowed funds instead of real USD to back USDT. Tether’s HQ move to El Salvador and claims of $150B USDT control by its co-founder spark further concerns over transparency. A viral post on X by crypto analyst Deso has raised serious questions about the stability of Tether (USDT)—the world’s largest stablecoin. Deso claims Tether may not be fully backed by real US dollars, but instead by borrowed money and risky financial loops, potentially endangering the entire crypto market. Analyst Warns of Ponzi-Like Structure Behind Tether Tether, designed to maintain…
⚈ XRP open interest nears monthly high with over 1.5 billion positions on May 8.⚈ SEC settlement agreement fuels XRP’s price surge to $2.37, up 6.81% in 24 hours.⚈ XRP targets $2.40 next, with potential range-bound trading between $2.58 and $2.75. XRP open interest, which measures the number of derivatives positions open at any given time, is close to a 1-month high. As of May 8, there were slightly more than 1.5 billion such positions open — 1,509,021,450, to be exact. This represents a 13.37% surge from the roughly 1.3 billion (1,330,942,764) positions that were open a day earlier, according…
Big news in the digital collectibles space! The popular NFT project, Pudgy Penguins, is expanding its universe in a significant way. They’ve just announced the launch of their brand-new multiplayer game, aptly named Pengu Clash. This isn’t just any game; it’s built on TON blockchain, bringing the charming Pudgy Penguins characters to life in an interactive format accessible to a wide audience. What is Pengu Clash and Why TON Blockchain? Pengu Clash is the latest venture from the Pudgy Penguins team, designed to offer a fun and engaging experience centered around their beloved characters. At its core, it’s a multiplayer…
Public Keys is a weekly roundup from Decrypt that tracks the key publicly traded crypto companies. This week: Bitcoin miners wrangle with malaise, Coinbase tries a little misdirection ahead of its earnings miss, and sources say Meta is stablecoin curious. Bitcoin miners’ malaise Publicly traded Bitcoin miners have faced some dark days this week. Stocking up on BTC wasn’t enough to help MARA Holdings, which trades on the Nasdaq under the MARA ticker, outrun a lousy quarterly report on Thursday. Remember that at the end of March 31, when Bitcoin was trading for around $83,000, the company announced a $2…
Metis officially launched the Hyperion testnet, marking a key step in a four-month campaign designed to shift from testing to a fully operational mainnet. Unlike typical testnets, Hyperion focuses on building real value for developers, AI builders, and the broader ecosystem. The campaign offers $400,000 in incentives for developers and community participants. Hyperion Testnet: AI and Real-Time dApp Focus Hyperion specifically supports AI-native and high-performance decentralized applications. Its design includes parallel execution and a decentralized sequencer network. These technical features allow fast transaction processing, reducing latency for real-time apps like high-frequency trading platforms and AI tools. Additionally, Hyperion introduces infrastructure…
The Ethereum price today is trading around $2,365, holding steady after a dramatic two-day surge from the $1,800 region. This bullish move followed a breakout above a multi-month descending trendline and has brought Ethereum price action into focus as traders eye the psychological $2,400 barrier. The price has jumped nearly 30% since May 7, posting one of the strongest recoveries among top altcoins this week. What’s Happening With Ethereum’s Price? ETHUSD price dynamics (Source: TradingView) The daily chart reveals a clean breakout from the falling wedge structure that had capped upside since March. Key resistance levels between $2,360 and $2,400—formed…
Taiwan’s economy faces pressure as foreign exposure shakes New Taiwan Dollar’s currency stability. Lawmakers suggest adding Bitcoin to reserves as a hedge against inflation and global risk. U.S. states like New Hampshire already approved Bitcoin for official reserve diversification strategies. As Taiwan deals with growing global inflation and geopolitical risks, lawmakers are now raising a bold question: Is it time to treat Bitcoin as part of the nation’s financial defense plan? While the idea is gaining support from experts and former officials. Could Bitcoin help protect Taiwan’s economy in uncertain times? Let’s find it out! Taiwan Warned of Currency Crisis…
Stellar (XLM), the digital currency known as XRP’s rival, has recorded a significant uptick in key performance metrics. In the last 24 hours, XLM has outperformed XRP following its comparatively higher price and volume transacted by market investors in 24 hours. Breakout rally pushes Stellar ahead of XRP According to CoinMarketCap data, XLM gained momentum in a breakout rally from $0.2881 to its current market value. As of press time, the price of XLM was changing hands at $0.2982, which represents a 10.1% increase. The uptick has renewed investors’ interest in the coin as the transaction trend has surged. Within…