Author: NBTC

Ethereum recently faced heavy selling pressure near the $4.8K region, echoing the heightened volatility seen across the broader crypto market. While the long-term bullish structure remains intact, ETH has now pulled back into a critical support area. The key question is whether buyers can defend this zone or if a deeper correction is on the horizon. ETH Price Technical Analysis By Shayan The Daily Chart On the daily chart, Ethereum has clearly entered a corrective phase, with selling pressure and profit distribution weighing on momentum. This decline has pushed the asset toward the $4K psychological support, which also aligns with…

During a recent appearance at SALT’s Wyoming Blockchain Symposium, prominent American financier Anthony Scaramucci stated that he believes that crypto will be able to gain mainstream acceptance in the same way as ride-hailing giant Uber. “So it’s just the forces are such that these things will happen whether Wall Street is fully embracing it or not,” Scaramucci said. Uber comparison “I mean, obviously, Larry Fink is ready for tokenization. He sees the vision of it. I think that the traditional banks are probably going to take regulatory guidance from places like the Fed or the SEC before they move forward,”…

GaFin, a well-known Web3 gaming platform, has partnered with Cyber Crash, a cyberpunk-themed RPG. The partnership aims to establish a cyberpunk universe with seamless merger of Web3 and Web2 elements to redefine the Web3 gaming experience. As the GaFin’s official social media announcement discloses, the development is set to provide players with an immersive RPG environment. Hence, this initiative is set to advance decentralized gaming and real-world player rewards to drive deeper engagement. 🚀 PARTNERSHIP ANNOUNCEMENT 🚀@Gafin_io x @CyberCrashRpgWe’re excited to announce our partnership with CyberCrash RPG — a next-gen cyberpunk universe where Web2 and Web3 collide! ⚡️To kick things…

Lumia, the oracle layer of Web3, which also acts as the liquidity layer, has announced a strategic partnership with Alchemy, a top-level blockchain development platform. This partnership aims at upgrading the existing core infrastructure of Lumia by using Alchemy’s Remote Procedure Call (RPC) nodes. This upgrade will greatly enhance the speed and credibility of Lumia and will also enable it to scale; especially within the institutional space and high-end blockchain developers. Upgrading to an Industry-Grade Infrastructure The highly competitive and performance-centric world of Decentralized Finance (DeFi) asks for best performance. For Lumia, which aims to become a reliable source of…

Aave Labs has launched Horizon, its new platform dedicated to institutional borrowers to access stablecoins using tokenized versions of real-world assets (RWAs) like U.S. Treasuries as collateral. At launch, institutions will be able to borrow Circle’s USDC, Ripple’s RLUSD and Aave’s GHO against a set of tokenized assets, including Superstate’s short-duration U.S. Treasury and crypto carry funds, Circle’s yield fund, and Centrifuge’s tokenized Janus Henderson products. The platform aims to offer qualified investors with short-term financing on their RWA holdings and allow them to deploy yield strategies. With Horizon, first announced in March, Aave aims to tap into the rapidly…

Ethereum is showing renewed strength, with its price pushing to $4,315 after a successful and decisive bounce from a key support zone. The recovery validates recent analyses from top traders who had flagged the dip as a high-probability buying opportunity. “High-Probability” Bounce Plays Out Just days ago, market strategist Michaël van de Poppe identified the $4,000 to $4,200 range as a strong support block where a bounce was highly likely. His analysis, which assigned a 70% probability to a reversal, appears to have been spot on. The dip into that zone was met with strong buying pressure, confirming it as…

The privately held company has made adjustments to the ETFs it manages, both reducing and adding to specific positions. Falling Prices Ark Invest, the investment management firm with more than $6 billion in assets under management (AUM), reduced the size of its ARKB (ARK 21Shares Bitcoin ETF) by 559.85 BTC, or approximately $64.4 million, as reported by the market watcher page Whale Insider yesterday. The crypto community responded with mixed feelings about the sale, with some indicating that it was a regular rebalancing of the fund. In contrast, others outright questioned it or even mocked it. Data collected at print…

In a dramatic — and slightly odd — pronouncement, US Secretary of Commerce Howard Lutnick declared on national television that “the Department of Commerce is going to start issuing its statistics on the blockchain. He added, “We’re going to put GDP on the blockchain so people can use the blockchain for data, distribution, and then we’re going to make that available to the entire government, so all of you can do it.” So yeah, Lutnick — who held and attested to Tether’s reserves– doesn’t seem to understand what a blockchain is or how it works. Troubling? Only if you care…

Sygnum, a leading digital asset banking platform, has partnered with Ledn, a prominent BTC-backed lending firm. The partnership takes into account a $50M $BTC-covered syndicated loan to broaden tokenized private credit’s accessibility and cater to the rising institutional demand for crypto-supported, yield-bearing debt instruments. As the platform revealed in its official press release, the initiative displays the potential of tokenization in reshaping the markets of private credit. Hence, the development enhances the unique investment opportunities for qualified and institutional investors. 📣 News: Sygnum and @hodlwithLedn Close Syndicated Loan, Opening Access to BTC-Backed Tokenized Private Credit https://t.co/BkSy9Ce1sLSygnum arranges USD $50 million…

Transactions and daily active addresses on Ethereum are approaching all-time highs, signaling renewed engagement on the network as public companies rush to scoop up ETH for their crypto treasuries. Ethereum Transactions and Active Addresses On Thursday, Aug. 15, the network recorded nearly 1.8 million transactions, according to Token Terminal data, nearing its all-time high of 1.9 million transactions. Daily transactions have since stabilized at around 1.5 million on average, up from roughly 950,000 in January 2024. Daily active addresses are also climbing, nearing 600,000, setting a new record when excluding occasional spike days in 2023. Ethereum Fees At the same…