Author: NBTC

Ethereum is consolidating between $2,440 and $2,535 after a strong upward move, as roughly $3 billion in crypto options expire on Deribit. More than $400 million involves $ETH contracts, creating a possible positioning reset near the weekly range’s lower boundary. The setup leaves a question: could Ethereum fall below support before recovering toward its weekly high? At the time of writing, $ETH was trading at $2,466.60, down by 0.55% over 24 hours, with trading volume reaching $17.6 billion. At that price, Ethereum sits $26.60 above the weekly low and $68.40 below resistance. $ETH Options Positioning Adds Context to the Range…

SMBC Chief Economist and former US Treasury Department official Joe Lavorgna argued that the Fed should raise interest rates in September and will take a step in that direction. Appearing on CNBC, Lavorgna made critical statements on current events, evaluating the strong growth momentum in the US economy, the revival in the manufacturing sector, and the volatility in real interest rates. Lavorgna stated that the US economy has entered a growth trajectory close to 5% in the third quarter, and that the 75 basis point interest rate cuts the Fed implemented last year due to concerns about the labor market…

An address associated with the bankrupt crypto trading firm Alameda Research has unstaked 201,740 Solana ($SOL) tokens, valued at approximately $15.27 million, according to on-chain data from Onchain Lens. The transaction marks the end of a five-year staking period that began when the tokens were worth a fraction of their current value. Details of the Unstaking Transaction Blockchain data reveals that 164,380 $SOL had been staked since 2020, accruing roughly 37,360 $SOL in staking rewards, worth about $2.83 million at current prices. The original stake was valued at only $352,000 at the time it was deposited, meaning the holdings have…

Russia has made taxpayer identification numbers a mandatory part of opening digital depository accounts used to record cryptocurrencies and digital rights as authorities tighten identity checks across the country’s newly regulated crypto market. Russia’s Federal Financial Monitoring Service, known as Rosfinmonitoring, said clients will have to provide their individual taxpayer number, or INN, when opening an account with a Russian digital depository, according to comments from adviser to the agency’s director Vlada Gracheva on Sept. 9. The requirement makes the tax number a compulsory identifier for crypto accounts, even though Russian banks do not generally require an INN when a…

Circle, the issuer of the USD Coin ($USDC), has announced a strategic partnership with cryptocurrency exchange OKX to enhance $USDC liquidity across the platform’s trading products. The collaboration, revealed via Circle’s official X account, aims to deepen access to $USDC for spot, margin, and futures trading, potentially strengthening the stablecoin’s utility in the broader digital assets market. Partnership Details and Scope According to the announcement, the partnership is designed to improve the trading environment for $USDC on OKX by expanding liquidity. This move is expected to benefit traders who rely on $USDC for efficient capital deployment and risk management. While…

Ethereum price traded near $2,457 on Sep. 11 after recovering from a drop toward $2,400, but resistance around $2,500 continued to limit its advance. Ethereum price action today Ethereum ($ETH) was trading at $2,457 at the time of writing, below the psychological $2,500 level after failing to hold an intraday recovery. The daily candle remained up about 0.8%, having opened near $2,438 and reached a high of $2,485. However, the broader short-term chart showed repeated rejection between $2,490 and $2,530, preventing buyers from extending the rebound that began in August. $ETH has consolidated mainly between $2,400 and $2,530 since its…

US-listed spot Bitcoin exchange-traded funds (ETFs) returned to inflows on Monday, led almost entirely by BlackRock, while Ether, $XRP and Solana funds continued attracting capital. SoSoValue data showed that Bitcoin ETFs recorded $216.7 million in net inflows on Monday, reversing the $201.8 million in withdrawals recorded on Friday. The Friday outflows ended a nine-session run that brought more than $3 billion into the funds. Bitcoin (BTC) was trading near $78,700 at the time of writing, up about 1.5% over the past 24 hours, according to CoinGecko. Meanwhile, Ether ETFs extended their inflow streak to 11 trading sessions, while $XRP and…

Meme-coin trading activity on the Solana blockchain is showing renewed momentum, with the token $STONK recording a gain of more than 60% over the past 24 hours. The surge comes as broader market sentiment toward speculative digital assets improves, drawing renewed attention to Solana’s vibrant ecosystem of community-driven tokens. What’s Driving the $STONK Rally? $STONK, a meme coin that playfully references stock market culture, has captured trader interest amid a wave of renewed risk appetite in the crypto market. Data from decentralized exchanges on Solana shows a sharp increase in trading volume for $STONK, with liquidity pools experiencing significant inflows…

Everyone is reporting a tax rise. Do the arithmetic and Germany is cutting the top rate for active traders by nineteen points, from 45% to 26.375%. The people getting hit are the ones who buy and sit on it, which until now was the whole point of holding crypto in Germany. Hold a coin in Germany for twelve months and one day and the gain is yours, untaxed, no cap, no form, no rate to look up. That rule has quietly made Germany the best place in Europe to be a long-term crypto holder, and it was never designed for…

Coinbase has introduced two new assets on its Layer-2 network, Base: cbHYPE and cbZEC. The move expands the exchange’s on-chain offerings, giving users direct access to Hyperliquid’s token and Zcash’s privacy-focused cryptocurrency within the Base ecosystem. What Are cbHYPE and cbZEC? cbHYPE is a representation of $HYPE, the native token of the Hyperliquid derivatives exchange, wrapped for use on Base. cbZEC is a bridged version of Zcash ($ZEC), a privacy coin that has been a staple in the crypto market since 2016. By listing these tokens on Base, Coinbase aims to bridge liquidity from these networks into its Layer-2 environment,…