Author: NBTC

Justin Sun, the founder of the Tron blockchain, has taken to the X platform to share insights into his perceived investments into Ethereum. Justin Sun on restaking and staking services Justin Sun is one of the few crypto leaders whose addresses are publicly tracked. Over the past few months, a lot of whale transactions have been linked to him. Offering an insight into why the transactions occurred, he shared his take on the evolution of staking and restaking services in the crypto world. He noted that restaking and staking have recorded long-term development and have achieved substantial results. He believes…

As April approaches, the crypto market braces for a wave of token unlocks, with 330 billion dollars worth of tokens set to enter circulation across various projects. Token unlocks, while sometimes viewed as potential sell pressure, also present opportunities for investors. The market is on its edge with the largest unlock on April 15 by BitDAO (BIT) will release nearly $1 billion worth of tokens, followed by APECoin (APE) with over $66 million and Aptos (APT) with over $52 million worth of tokens set to be unlocked. Let’s delve into five standout projects identified by crypto analyst AlΞx Wacy: Analysing…

The tension between Consensys and the Securities and Exchange Commission (SEC) has escalated, sparking debates over the boundaries of regulatory oversight. The crux of the matter centers on the SEC’s recent moves to classify Ethereum, the world’s second-largest cryptocurrency by market capitalization, as a security. The Case Against Ethereum as a Security Consensys argues that this regulatory attempt is an overreach that stifles innovation and harms developers, investors, and the broader institutions that rely on Ethereum’s decentralized nature. Amidst this backdrop, the firm has taken a definitive step by filing a lawsuit against the SEC. It contests the agency’s authority…

Bitcoin price found support at $61,800 and recovered higher. BTC jumped to $64,500 and is currently consolidating gains above $63,500. Bitcoin started another increase after it found support near the $61,800 zone. The price is trading above $63,500 and the 100 hourly Simple moving average. There was a break above a key bearish trend line with resistance at $63,250 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair must stay above the $63,200 support zone to continue higher in the near term. Bitcoin Price Holds Ground Bitcoin price started another decline below the $63,500 pivot…

Following a period of consolidation near critical support marks defined by the 0.5 and 0.618 Fibonacci retracement levels, alongside the 100-day MA, Ethereum witnessed a modest bullish rebound. However, it still contends with a notable resistance range, the breach of which holds potential for a renewed bullish momentum. By Shayan The Daily Chart Upon examining the daily chart, it becomes apparent that Ethereum’s extended consolidation phase is near pivotal support levels. These points, marked by the 0.5 ($3139) and 0.618 ($2910) Fibonacci retracement levels, along with the crucial 100-day MA, culminated in a slight bullish recovery. This consolidation also coincided…

Dog-themed cryptocurrency Shiba Inu has triggered a massive spike in large holder netflows, albeit a negative one. According to data from on-chain analytics firm IntoTheBlock, Shiba Inu’s large holder netflow has plunged 1,146.68% in the week, with varied implications for SHIB. Large holders netflow provides an idea of the change in positions of whales or large holders. In short, spikes in netflow can be seen as accumulation from large players, while drops point to reduced positions or selling. While the drop in Shiba Inu’s large-holder netflows might suggest reduced positions or selling, it might be essential to consider the broader…

Japan’s current government, led by Prime Minister Fumio Kishida, has championed Web3 development and regulation. Kishida faces party leadership elections in September as the ruling Liberal Democratic Party (LDP) grapples with record-low support, potentially spelling uncertainty for the future of Web3 policy and progress. Japan’s Prime Minister Fumio Kishida and his ruling Liberal Democratic Party (LDP) have shepherded the country’s Web3 strategy along with a host of regulations and plans for the crypto sector. A major corruption scandal, however, bodes ill for Kishida and the party’s future – leaving the country’s crypto progress on uncertain footing. The LDP has maintained…

Bitcoin and the broader cryptocurrency market faced a downturn on Monday, driven by anticipation of a significant Federal Reserve meeting later this week. As investors speculated about the meeting’s implications, the potential for a longer period of higher interest rates created uncertainty, leading to a sell-off. Bitcoin fell to a one-week low of $61,928 in early trading before recovering slightly to $62,387, down about 2% by press time. Federal Reserve’s Upcoming Interest Rate Announcements The Federal Reserve is scheduled to announce its interest rate decision on May 1, with a 95.6% probability of keeping rates unchanged. However, speculation surrounding the…

Ethereum price has dropped below $3,000, hitting lows of $2,942 on Coinbase. The decline in the price of Ethereum comes as spot ETH ETFs saw a tepid debut in Hong Kong. Liquidations hit $320 across the crypto market, with over $96 million in ETH (over $78 million of it in liquidated longs). Ethereum has declined to below $3,000 again as the broader crypto market reels from downside pressure. As Bitcoin retested prices near $60,000 on Tuesday, ETH price moved lower and broke under the psychological $3k level. On crypto exchange Bitstamp, ETH/USD reached lows of $2,945 while the second largest…

According to on-chain data, a substantial amount of 16 million XRP has been transferred from Upbit, one of South Korea’s largest cryptocurrency exchanges, to an unknown wallet. The movement of a large amount of XRP from Upbit to an unknown wallet has led to speculation within the cryptocurrency community about the possibility of a whale buying XRP. The transfer was detected and reported by Whale Alert, a service that tracks large cryptocurrency transactions: “16,000,000 XRP worth $10,027,185 was transferred from Upbit to unknown wallet.” 🚨 16,000,000 #XRP (10,027,185 USD) transferred from #Upbit to unknown wallethttps://t.co/5aLp1phiEs — Whale Alert (@whale_alert) March…