Author: NBTC

Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has experienced significant price movements recently, driven by various market forces and whale activities. While Ethereum has been battling to maintain its position amid market challenges, its potential for recovery remains strong. This article examines the latest developments, including whale transactions, key resistance levels, and Ethereum’s ongoing technological advancements. By TradingView – ETHUSD_2024-08-09 (1D) Ethereum Price Analysis: What Are ETH Price Trends Recently? Ethereum has shown resilience in the face of market volatility, managing to climb above the $2,550 resistance zone. Currently trading around $2,680, ETH is eyeing a potential rise above…

Crypto startups attracted $2.7 billion in venture capital (VC) during the second quarter of 2024, according to PitchBook data. As reported by Bloomberg, this represents a 2.5% increase from the previous quarter but a nearly 10% decline compared to last year. Deal activity, however, fell by 12.5% from the first quarter. The digital asset market faced significant challenges following earlier highs that were largely driven by the launch of Bitcoin exchange-traded funds (ETFs) in the US. Bloomberg estimates reveal investor inflows into these ETFs plummeted by 80% in Q2, Says Rob Hadick, a partner at Dragonfly crypto venture fund, “While…

VeChain launched Marketplace as a Service (MaaS), partnering with Gresini Racing and EXplusNFT for exclusive NFT content. VeChain’s MaaS offers a no-code interface for businesses to manage digital assets seamlessly. In the first quarter of 2024, VeChain launched its new Marketplace as a Service (MaaS) solution, which is a major step in the evolution of e-commerce. To celebrate this launch, VeChain has collaborated with Gresini Racing and EXplusNFT and introduced the first enterprise marketplace on the MaaS platform. 🚀🔗 Exciting times for #VeChain! Q1 2024 marks the debut of their revolutionary Marketplace-as-a-Service (MaaS) platform. To celebrate, they’ve partnered with @GresiniRacing…

In the ever-evolving world of cryptocurrencies, profitability remains a critical measure of success for both individual investors and the market as a whole. According to recent data from IntoTheBlock, Bitcoin (BTC) continues to dominate the market, with an impressive 86% of its holders currently in profit. This positions BTC as a leading asset, maintaining a significant lead over other coins in terms of profitability. Ethereum (ETH), the second-largest coin by market capitalization, also showcases a strong performance, with 83.19% of its holders in profit. Ethereum’s smart contract capabilities and its pivotal role in the DeFi (decentralized finance) ecosystem have significantly…

Ethereum is currently facing a significant surge in withdrawals, with around 143,000 ETH—valued at approximately $350 million—set to become available within 12 hours. Additionally, 212,000 ETH, including rewards from validators exiting the network, is scheduled for withdrawal soon. According to Token Unlocks, a total of 356,570 ETH, worth approximately $870 million, is pending withdrawal. If these withdrawals are processed, this could signal potential sell pressure on Ethereum. The next 12 hours are expected to see the withdrawal of roughly 142,460 ETH, valued at $346 million. This movement suggests a significant outflow from staking, with the current ETH price at $2,436.81…

Donald Trump just can’t stop talking about the Federal Reserve. The guy has been telling us he thinks the president should have a bigger say in how the Fed operates, especially when it comes to interest rates. At a recent press conference at his Mar-a-Lago estate, the Republican nominee reiterated his belief that the Fed has “gotten it wrong a lot.” And in typical Trump fashion, he argued that his instincts—shaped by years of making money in business—are better than those of the people currently running the Fed. But Trump’s not the only one who thinks this way. His running…

Notcoin, along with Sign and 1inch, has introduced ‘Triangle’. Triangle is an innovative community and accelerator program aimed at supporting developers. This initiative aims to connect Web3 and Web2. This program will also provide opportunities within the Telegram and TON ecosystem. Triangle Empowers Builders to Shape the Future of Telegram and TON Triangle serves as more than just an accelerator. In addition to this, it is a collaborative space for builders to innovate and shape the future of Telegram and TON. Triangle offers essential resources, guidance, and a community of experienced builders. It also aims to help projects grow and…

Bitcoin’s blockchain technology has long been hailed for its decentralized nature and robust security, making it a cornerstone in the digital asset space. While Bitcoin’s primary role as a cryptocurrency is well-established, its potential as a decentralized timestamping server and global event sequencer opens up new avenues for innovation. As I often say when talking to developers, while I once ran a development house and can code in several languages myself, I still consider myself an enthusiastic amateur and know ‘enough to be dangerous.’ I welcome any constructive criticism of this op-ed, which is based on my recent essay, ‘How…

Ethereum price retreated for three straight weeks even after the Securities and Exchange Commission (SEC) approved spot ETH ETFs. It bottomed at $2,118 this week as Bitcoin, altcoins, and stocks plunged. Why ETH has crashed Ethereum has also lost momentum after Jump Trading continued dumping its tokens. Recent data by Arkham has shown that Jump’s assets dropped sharply in the past few weeks and now stand at over $368 million. Jump now holds Ether tokens worth over $20 million. At the same time, Ether has underperformed because of the weak inflows in its Ethereum ETFs. Data by DeFi Llama shows…

A mysterious high-stakes wager on long-term government debt placed back in June has been revealed to have been made by Northwestern Mutual Wealth Management. The $2.7 billion bet on BlackRock’s 20+ Year Treasury Bond ETF (TLT) sent shockwaves through the bond market, prompting speculation about a looming economic downturn. According to Bloomberg Brent Schutte, the firm’s chief investment officer, confirmed the massive purchase, asserting that it was a strategic move in anticipation of a recession that could be triggered by a cooling labor market. With the recent rally in Treasuries, the bet appears to be paying off early for the…