Author: NBTC

NBTC

NBTC is the editorial account for NBTC News, covering Bitcoin, Ethereum, DeFi, blockchain infrastructure, exchanges, mining, regulation and digital asset markets. The editorial team focuses on clear sourcing, timely updates and practical context for crypto readers.

How Low Can ETH Go From Here?

EthereumFeb 8

Table of Contents What Does The $ETH Price Chart Show Right Now?Where Are The Key $ETH Support Levels?Why Is $ETH Falling Despite Record Network Activity?How Are Institutions And Large Holders Impacting $ETH Price?What Is Happening With BitMine And Why It Matters?Are ETFs Adding More Downside Pressure?Is Anyone Accumulating $ETH Right Now?How Low $ETH Can Go From HereResourcesFrequently Asked Questions Ethereum can still fall toward the $1,500 to $1,800 range if selling pressure continues and demand remains weak. $ETH is trading below $2,000 after losing about 30% over the last seven days. This drop is happening even as the Ethereum network…

Blockchain firm eyes $200M in tokenized water projects across SEA

RegulationFeb 8

Blockchain infrastructure firm Global Settlement Network has announced a pilot to tokenize water treatment sites in Jakarta, aiming to eventually scale it out to the rest of Southeast Asia over the next 12 months with $200 million in tokenized assets. Real-world asset tokenization involves minting financial and other tangible assets on the blockchain to increase investor accessibility and trading opportunities. The initial pilot targets eight government-contracted water treatment sites in Jakarta for tokenization, aiming to raise up to $35 million for upgrading the facilities and expanding the water network in the area, according to a statement on Wednesday. As part…

China Reminds Us of Its Bitcoin (BTC) Ban, Announces New Bans! Here Are the Details

LegalFeb 8

China, known for its strict bans on Bitcoin and cryptocurrencies, has introduced yet another ban. According to Bloomberg, China has banned the export of yuan-backed stablecoins that have not received government approval. Accordingly, China has tightened restrictions on cryptocurrencies and tokenized real-world assets. It has banned domestic entities from issuing digital tokens abroad without approval and has blocked the export of yuan-backed stablecoins overseas. The People’s Bank of China (PBOC) and seven Chinese institutions announced in a joint statement on Friday that mainland Chinese companies and their overseas subsidiaries cannot issue cryptocurrency abroad unless authorized by the relevant authorities. Regulators…

RSI Near Historic Low, $7K Potential

EthereumFeb 8

Ethereum’s charts tightened into key levels this week, with a weekly inverse head and shoulders setup in focus. At the same time, $ETH’s 14 day RSI moved toward a historical low zone. Ethereum Weekly Chart Shows Inverse Head and Shoulders Structure Ethereum's weekly chart shows a developing inverse head and shoulders structure, based on a TradingView snapshot shared by market analyst Bitcoinsensus. The pattern forms after a long decline, with price carving a left shoulder in mid 2024, a deeper low marked as the head in early 2025, and a rebound that may be shaping a right shoulder in early…

Amazon’s $475M Saks Global investment at risk after bankruptcy filing

RegulationFeb 8

Key Takeaways Amazon challenges Saks Global Enterprises' Chapter 11 bankruptcy filing, arguing against the proposed $1.75 billion financing. Amazon had invested $475 million in Saks as part of their 2024 acquisition of Neiman Marcus for $2.65 billion. Amazon is fighting to salvage a stake in Saks Global after the luxury retailer entered Chapter 11 and sought financing that could subordinate the tech giant’s equity. In 2024, Amazon invested $475 million in preferred equity to help Saks complete its $2.65 billion acquisition of Neiman Marcus. Under a commercial agreement between the two companies, Saks agreed to sell its products on Amazon,…

Amazon’s $475M Saks Global investment at risk after bankruptcy filing

RegulationFeb 8

Bank of Russia introduces strict account requirements in amended digital ruble rules

LegalFeb 8

Russia’s monetary authority has updated the rules for opening digital ruble accounts, and the end result is a complicated procedure for ordinary Russians and small businesses. The regulator wants to learn a lot about future users, and that’s likely to limit access to the new incarnation of the national fiat, the mass adoption of which is slated to begin this year. Bank of Russia approves new rules for digital ruble accounts The Central Bank of Russia (CBR) has amended its requirements for those who wish to open their own digital ruble accounts. To apply for one, individuals and sole proprietors…

A16Z backs blockchain tech to become critical to vetting AI agents and impersonation

BlockchainFeb 8

AI agents may need blockchains to solve the issue of impersonation and verification. As agents have shown the ease of colonizing social media, verification is becoming more important. AI may be a key application area for blockchains, especially when it comes to user and identity verification, noted A16Z in a forward-looking analysis. While the Internet was made for human interaction, culminating in social media, AI agents have made it faster and easier to coordinate and produce content. The activity of AI agents may soon become indistinguishable from human activity, producing content at scale and linking across platforms. Human users are…

Long-dormant wallets strategically reactivate to buy ETH, signaling potential market inflection

EthereumFeb 8

In a compelling development within the cryptocurrency markets, several long-dormant wallets have suddenly reactivated to purchase substantial amounts of Ethereum ($ETH). This activity, detected by the on-chain analytics platform Lookonchain, coincides with a broader market downturn, suggesting a calculated move by historically patient investors. The phenomenon provides a fascinating glimpse into the strategic behavior of cryptocurrency whales and may offer clues about underlying market sentiment. Notably, one wallet, inactive for over two years, executed a multimillion-dollar withdrawal from a major exchange, sparking intense analysis among market observers. Long-dormant wallets make significant Ethereum moves On-chain data reveals precise and substantial transactions…

Bitcoin ETFs take in $830 million amid positive inflows across ether, solana and XRP

RegulationFeb 8

Spot crypto exchange-traded funds recorded broad inflows on Wednesday, led by a sharp pickup in demand for U.S. bitcoin ETFs as institutional investors returned after a choppy start to the year. Data from SoSoValue shows spot bitcoin ETFs pulled in $843.6 million on Jan. 14, their largest daily inflow in several months. The move followed a volatile stretch earlier in January that saw multiple days of net outflows as traders reduced exposure. BlackRock’s IBIT dominated the session, drawing about $648 million, while Fidelity’s FBTC added roughly $125 million. Smaller inflows were spread across other issuers, lifting total net assets held…