Author: NBTC

San Mateo, California-headquartered FalconX said Thursday it has executed the first forward rate agreements tied to Ethereum staking yields, introducing a new class of rate-based derivatives to the digital asset market. The contracts reference the Treehouse Ethereum Staking Rate, or TESR, a benchmark published daily by infrastructure provider Treehouse. The measure is part of Treehouse’s “Decentralized Offered Rates” framework, intended to create crypto-native equivalents of widely used benchmarks such as Libor or the Secured Overnight Financing Rate. Its launch comes as demand for staking has surged, with Ethereum’s validator entry queue recently hitting its highest level in two years amid…

At the X Layer offline, the CEO of the OKX Star Xu has stated that the strategic priority of the corporation is the establishment of an open blockchain network. He confirmed that the Ethereum Layer 2 rollup, X Layer, will be the basic infrastructure of the OKX Wallet and exchange. Three Phases of X Layer Xu had a three-step roadmap. Phase one will include stablecoins such as Tether (USDT) and USDG. The exchange already partnered with Tether to connect the USDT0 to X Layer, the wallet, and the exchange. Phase two links the large DeFi protocols like Aave, Uniswap, Balancer…

Ethereum price started a fresh decline below $4,120. ETH is now struggling and might decline further if it breaks the $4,050 support zone. Ethereum failed to extend gains and declined below the $4,150 zone. The price is trading below $4,150 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $4,360 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it settles below $4,050 and $4,000. Ethereum Price Dips Again Ethereum price remained in a bearish zone after it settled below $4,450, like Bitcoin.…

Citadel Wallet has unveiled Suiball, the first hardware wallet designed specifically for the Sui blockchain. Summary Suiball uses clear signing to display all transaction details in a human-readable format, reducing the risks of blind signing. The wallet supports native Sui assets such as WAL, DEEP, NS, and NFTs, and integrates with DeFi platforms including Suilend, Bluefin, Cetus, and Ika. Suiball provides native Bitcoin support and will expand in the future to include gaming and payment applications. Citadel Wallet, a leading developer of crypto hardware solutions, has unveiled Suiball, the first hardware wallet built specifically for the Sui (SUI) blockchain. Announced…

The perpetuals race has a new entrant in open beta. Lighter has opened its public mainnet after roughly eight months in private testing, positioning itself as an Ethereum-settled alternative to the current leaders. Under the hood, Lighter is a zk-rollup purpose-built for perps. A centralized sequencer batches orders, but state transitions — price-time-priority matching, liquidations, funding and risk checks — are verified by custom zero-knowledge circuits. Ethereum smart contracts custody user funds, track the canonical state root, and advance state only after a proof verifies on L1. If the sequencer stalls or censors, users can submit priority operations on-chain or…

Ripple CTO David Schwartz recently announced he was stepping back from his role as Ripple’s chief technology officer, sparking reactions from the XRP and broader crypto community. An X user, in reaction to Schwartz’s announcement of his resignation, pleaded with the Ripple CTO to “kindly continue working on Coil.” Kindly continue working on “coil” Its still part of something great~Sats Naka https://t.co/mIRlxTdfpn — Unbearable Guy 321 (@Petrol_Holic_KE) October 2, 2025 Coil is a platform that provides an alternative method for creators to monetize their content online. As subscribed fans consume content, the platform utilized an open API called Web Monetization…

Ethereum dips below $4,000 amid market turbulence, triggering major liquidations and whale buying activity. Bulls See the Dip as a Buying Opportunity Ethereum ( ETH) dipped below the $4,000 mark for the first time in over a month, as bearish sentiment continued to ripple through the broader crypto market. According to Bitstamp data, ETH fell to $3,967 (Sept. 24, 10:45 p.m. EST) before rebounding slightly to close just above $4,000, marking a 24-hour loss of 4.4%. This retreat pushed ETH’s seven-day losses to 12.5%, positioning it among the worst-performing high-cap altcoins. Since peaking above $4,750 on Sept. 13, ETH has…

Under pressure from exchange-traded fund outflows and macro headwinds, Ethereum fell below the $4,000 mark for the first time since early August. Summary Ethereum price drops below $4K for first time since August. Spot ETH ETFs see $79.4M outflow for third straight day. Whales accumulate $862M in ETH, hinting at possible rebound. Ethereum was trading at $3,988 at press time, down roughly 4% from the previous day. The asset has retreated 13% in the past week, is down 10% over the past month, and sits 19% below its all-time high of $4,946 set on Aug. 24. The drop forced more…

Ethereum (ETH) extended its drawdown, this time attacking long positions accumulated under $4,000. The token broke down below support levels, fulfilling previous predictions for revisiting the $3,900 range. Ethereum dipped under the $4,000 level after breaking previous support levels. The slide occurred during a general market drawdown, where BTC dipped to the $111,000 range. The recent dip was once again caused by derivative trading, wiping out long liquidity. In the past 24 hours, ETH saw over $71M in long liquidations, with over $36M happening on Bybit. The recent ETH drawdown happened despite recent signs of accumulation and growing staking. Derivative…

US President Donald Trump reacted strongly to a federal appeals court ruling that found many tariffs illegal. The Trump administration plans to appeal the decision to the Supreme Court to have it overturned. Last week, the court ruled in a 7-4 decision that Trump’s global tariffs imposed under the International Emergency Economic Powers Act (IEEPA), enacted in the 1970s, were excessive. The court postponed the ruling until October 14, giving the White House time to appeal. Trump, in a statement on social media, said, “Without tariffs and the TRILLIONS of dollars we collect, our country would be destroyed, our military…