Author: NBTC

The world’s largest crypto exchange by trading volume is announcing upcoming support for an entertainment altcoin on its early-access platform. In a new announcement, Binance says it’s adding support for Sophon (SOPH), an interoperable layer-2 scaling solution made for the entertainment industry, on Binance Alpha, a feature of the Binance Wallet which launched in December 2024 that lets users discover emerging web3 projects before they gain mainstream popularity. “Binance is excited to announce that Sophon (SOPH) will open for trading on Binance Alpha starting 2025-05-28 13:00 (UTC). In addition, Binance Futures will launch SOPHUSDT Perpetual Contract with up to 50x…

Bitcoin maintains its bullish form from April as it gains by over 4% in the first two days of May to surge above $97,000. Following this recent gain, the premier cryptocurrency is experiencing a minor retracement as investors attempt to decipher the current market phase. Meanwhile, a prominent crypto analyst with the X handle IT Tech has shared some valuable insights on Bitcoin’s market structure, highlighting the key price levels that could decide the asset’s movement in the short term. Bitcoin Cools Off After Price Rally: Breather Or Bull Trap? According to IT Tech in an X post on May…

Russia’s SWIFT exclusion in 2022 spurred alternative system planning. BRICS members seek autonomy in international settlements. XRP’s speed and cost-efficiency seen as ideal for institutional use. A new theory circulating among cryptocurrency and geopolitical analysts suggests that BRICS nations—Brazil, Russia, India, China, and South Africa—may be working behind the scenes to develop a gold-backed financial system using Ripple’s XRP Ledger. This comes as the bloc continues efforts to reduce dependency on the US-led SWIFT network and the dollar-dominated global economy. While unconfirmed by any government, the theory is gaining attention due to mounting evidence of BRICS cooperation on currency independence…

Bitcoin is barreling toward $100K in the coming weeks as explosive momentum, soaring liquidity, and a decisive breakout converge to supercharge the bullish Q2 setup. Bitcoin Eyes $100K in Weeks—Strategist Maps Bullish BTC Setup Through Q2 Matt Mena, crypto research strategist at asset management firm 21Shares, commented Friday on the surprising strength of April’s U.S. jobs report, which helped push risk assets higher and improve overall market sentiment. The report revealed that the economy added 177,000 jobs, extending a streak of gains to 52 straight months, with unemployment stable at 4.2%. Mena stated: “While growth in hiring slowed modestly, the…

Galaxy Digital, a prominent financial services and investment management firm led by billionaire Mike Novogratz, started trading on Nasdaq Friday under the ticker GLXY. The company’s stock opened at $23.50 and surpassed $25 at press time, according to CNBC data. Shares rose about 15% from the previous trading session. Galaxy completed its long-anticipated move from the Toronto Stock Exchange to the Nasdaq via a direct listing. The entrance into the US public market followed an extensive regulatory process with the SEC, which took 1,320 days and cost the company over $25 million, according to CEO Mike Novogratz. “This is more…

As the XRP community eyes opportunities for passive income through lending, industry commentators remain divided on the associated risks and the timing. Vandell Aljarrah, co-founder of Black Swan Capitalist, sparked a discussion on X by urging XRP holders to adopt a long-term mindset when considering lending their tokens. He argued that significant returns from XRP lending are unlikely to materialize through current DeFi channels alone. Aljarrah emphasized that meaningful returns will only emerge once financial advisors begin recommending XRP to high-net-worth clients. He believes this will require a regulatory framework that ensures insurance and protection for lenders. Notably, the XRP…

Lately, Bitcoin developers have found themselves entrenched in a fervent dispute over a proposal to eliminate the long-standing 80-byte constraint imposed on the OP_RETURN function. As this technical standoff intensifies, the alternative Bitcoin client known as Bitcoin Knots witnessed a notable climb in node adoption. OP_RETURN Controversy Drives Surge in Bitcoin Knots Adoption The proposal, introduced by Peter Todd, aims to abolish the 80-byte restriction on OP_RETURN outputs—potentially enabling much larger datasets to be embedded directly into the Bitcoin blockchain. This has ignited considerable pushback from developers who view the change as antithetical to Bitcoin’s design ethos. Advocates contend the…

U.S. stocks opened mixed on Friday, with the S&P 500 looking to clock a fifth consecutive day of gains. As markets opened for the final trading session of the week, Wall Street saw the S&P 500 rise 0.1% to hover near 5,920. The benchmark index, which has posted four straight days of gains, could notch a fifth consecutive win to bolster investor confidence. The S&P 500 is up 4.5% over the past week. Notably, it continues to rally after erasing all of its 2025 losses. The Dow Jones Industrial Average and the Nasdaq Composite showed mixed performance. In early trading,…

Blockchain sleuth Whale Alert has spotted a large cryptocurrency transfer carrying almost 70 million ADA. It was a withdrawal from the largest U.S.-based cryptocurrency exchange, Coinbase, which has recently been added to the S&P 500 index. The aforesaid blockchain tracking platform noticed 68,769,654 ADA transferred from Coinbase to an anonymous blockchain address. This amount of Cardano-affiliated cryptocurrency is the equivalent of $52,966,118 in fiat. The transaction took place slightly over an hour ago. Over the past 24 hours, Cardano’s native token, ADA, has lost 7.7%, falling from $0.8293. By now, it has logged a small recovery of 1.5% and is…

Bitcoin was priced at $95,426 on May 4, 2025, with a market capitalization of $1.895 trillion. Over the past 24 hours, it recorded a trade volume of $13.546 billion and fluctuated within a narrow intraday range of $95,415 to $96,493. Bitcoin The daily chart highlights a broader uptrend continuation following a significant rally from the recent low of $74,434. However, signs of local exhaustion are emerging. Three consecutive red candles near the resistance of $97,938 suggest short-term hesitation, especially as trading volume has declined—indicating waning bullish momentum. This divergence between rising prices and falling volume typically signals a possible retracement…