Author: NBTC
As the tariff tension between the US and China continues, Bitcoin, Ethereum and altcoins are experiencing sharp declines. Bitcoin fell below $75,000 for the first time since November 2024, while Ethereum fell below $1,500 for the first time in 2 years. While BTC and ETH continue to show signs of weakness, the giant whale known in the market as the Hyperliquid 50x whale has made a move again. As you may recall, this whale had previously opened a trade with 50x leverage on Hyperliquid during the declines and earned $15 million. After nearly two weeks of inactivity, the Hyperliquid whale…
Leading asset manager Ripple announced today that it is acquiring Hidden Road, a fast-growing, crypto-friendly prime broker, in a deal valued at $1.25 billion. Set to be finalized in the coming months, pending regulatory approval, the deal is one of the largest acquisitions in the crypto sector to date. The move also makes Ripple the first crypto firm to own and operate a global, multi-asset prime broker, the company shared in the announcement. The announcement follows reports that Hidden Road was engaged in active takeover discussions. Last week, sources told CoinDesk that the firm, which handles both traditional and digital…
As top cryptocurrencies and meme tokens continue trading deep in the red amid ongoing market turmoil, the Shiba Inu (SHIB) burn rate has become a hot topic. Recent activity suggests that the SHIB team may be slowing down on its regular, large-scale token burns. According to data from Shibburn, SHIB’s burn rate jumped 679.55% in the past 24 hours, but saw a significant 82.58% decline over the past week, bringing the total circulating supply to approximately 584 trillion SHIB tokens. Only 187,481,567 SHIB burned over the past week Despite the recent 24-hour spike, only 187,481,567 SHIB tokens have been sent…
Ethereum (ETH), the flagship altcoin, has now plunged to its lowest level against Bitcoin (BTC) since February 2020. Earlier this Monday, it reached an intraday low of 0.01965 BTC on the Binance exchange. At press time, ETH is trading at $1,515. Those who bought Ethereum at the peak of the ICO-fueled bull market in January 2018 would have made zero gains. The top altcoin has now collapsed by 44% against Bitcoin this year after recording three consecutive years in the red. It is also down 79% from the December 2021 peak that was achieved due to exuberance surrounding decentralized finance…
Russian citizens have sharply increased their investments in crypto assets and precious metals in the past three years, a study conducted by the Central Bank of Russia has shown. The findings come at a time of heightened uncertainty regarding market trends, particularly in the case of cryptocurrencies. Geopolitical, financial and economic tensions have been influencing investor decisions around the world, and Russia is no exception. Against this backdrop, Russian analysts agree with expectations that gold may continue to rise in price, but they are reluctant to engage with specific predictions about the future state of crypto markets which are currently…
Despite tariff fears having an outsized impact on AI tokens, Bittensor’s subnet ecosystem is posting impressive returns. In two months, its subnet tokens’ market cap grew from $4 million to over $200 million. The total number of subnets has tripled in the last year, and community enthusiasm could fuel further growth. Each one can improve Bittensor’s machine-learning capabilities, potentially creating further gains. Bittensor Network Grows Thanks to Subnets Bittensor, a decentralized AI learning network, has been going through a few changes lately. It became the biggest AI cryptoasset last December and rallied again after a Coinbase listing. Although its token…
John Bollinger, one of the most prominent traders, claims that Bitcoin might be in the process of bottoming out. The Bollinger Bands tool, which was invented by the famed technical analyst, shows that Bitcoin is currently in the process of forming a W bottoming pattern that typically indicates a bullish reversal. Classic Bollinger Band W bottom setting up in $BTCUSD. Sill needs confirmation.https://t.co/v1qfBbEoDVRemember: The fraudsters are legion. I will never ask you for anything. #BollingerBands #btc — John Bollinger (@bbands) April 10, 2025 W-bottoms form when prices log a higher low and touch the lower band. That said, the chartist…
Ethereum price slips under $1,500 amid rising bearish pressure. Will it plunge toward the critical $1,000 level? The crypto market has experienced $1.38 billion in liquidations over the past 24 hours, with the altcoin market (excluding Bitcoin) dropping 12%. The total market capitalization currently stands at $869.1 billion, with the largest altcoin, Ethereum, falling below the $1,500 mark. As bearish sentiment grows, will Ethereum’s price trend move towards the $1,000 support? Let’s explore. Ethereum Price Falls Under $1,500 On the daily chart, Ethereum’s price is following a falling channel pattern. Currently, the sudden reversal from an intermediate resistance trendline is…
Ripple today announced the acquisition of Hidden Road for $1.25 billion, one of the largest deals in the digital asset industry. Ripple’s acquisition makes it the first cryptocurrency company to own and operate a global, multi-asset prime broker. Ripple CEO Brad Garlinghouse reacted to the historic move with a tweet, calling it “one of the largest deals ever in the crypto space.” Today, @Ripple announced the acquisition of Hidden Road for $1.25B, one of the largest deals ever in the crypto space. But the price tag isn’t what’s most important – it’s that this deal marks a once-in-a-lifetime opportunity for…
Stablecoins are gaining significant traction across Asia as regulators and financial institutions embrace these blockchain-based assets, industry leaders said at Hong Kong’s Web3 Festival this week. While the United States moves toward legislation on stablecoins, Asian markets are developing their own frameworks with Hong Kong at the forefront of regulatory innovation. Market Expansion Beyond USD Dominance The global stablecoin market has reached $220 billion in value, surpassing pre-Terra collapse levels, JD.com Vice President and Chief Economist Shen Jianguang told attendees. Monthly transactions now exceed 700 billion USD, with volume already surpassing traditional payment networks like Visa and Mastercard. JD.com, one…