Author: NBTC

Ethereum is edging close to its all-time high after a powerful rally, but well-known trader Michaël van de Poppe is urging investors to be cautious. In a new market update, he outlined why ETH may be overextended in the short term and why taking partial profits could be the smarter move. Ethereum’s Rally and Mispricing Risks Ethereum has surged over 120% in less than two months, climbing from around $1,500 to above $4,700. Van de Poppe compared the current surge to Ethereum’s 2022 lows when the asset was trading near $1,300 after crashing from $4,800. At that time, the downside…

Half of the top 20 exchange-traded funds (ETFs) in the United States are linked to digital assets, underscoring the sector’s growing appeal to investors. On Monday, ETF analyst Nate Geraci said more than 1,300 ETFs have launched since the start of 2024, and crypto-linked assets dominated the top 20 investment products in inflows. These include Bitcoin (BTC) and Ether (ETH) ETFs, funds tracking leveraged ETH positions and Strategy (MSTR) exposure products. Geraci shared data that the top four overall assets by inflows are crypto-related, including BlackRock’s iShares Bitcoin Trust ETF (IBIT), which leads the pack with over $57.4 billion in…

In a calculated move that focuses on broadening its global presence, Tom Talk, a Web3 gaming platform, today announced its strategic collaboration with MZZC Global Foundation, a prominent global crypto investment and trading fund supporting the growth of Web3. With this alliance, Tom Talk aims to expand its decentralized expansion plan across major international markets. This partnership brings together a blockchain gaming firm and an established crypto investment fund + DeFi platform in an effort to expand Tom Talk’s footprint in the international Web3 gaming space. Tom Talk is a decentralized Talk-to-Earn gaming network that aims to onboard traditional online…

UAE introduced the integration of crypto in travel and tourism to boost its digital finance. Emirates signed a Memorandum of Understanding (MoU) with Crypto.com. Air Arabia, Travala, Destinia, and Alternative Airlines started crypto paymentc as an option. Driven by the global trend, the UAE introduced several crypto regulations to boost its digital finance. In July, Emirates signed a Memorandum of Understanding (MoU) with Crypto.com to explore ways to integrate crypto into travel payments. The full integration is expected to launch in 2026. Understanding the Emirate’s MOU with Crypto.com With the new initiative, passengers are allowed to pay for flights, upgrades,…

Ethereum’s latest attempt to push past its all-time high of $4.8K has faltered, leading to a painful correction. Despite this setback, the asset remains supported by multiple key levels, with heightened volatility likely as the market consolidates. Technical Analysis By ShayanMarkets The Daily Chart Ethereum buyers recently tested the $4.8K ATH but were met with strong selling pressure, likely stemming from profit-taking and distribution. This rejection triggered a 9% decline, pulling the price back into a corrective phase. Currently, ETH appears to be consolidating within the $4.2K–$4.8K range, which now serves as a critical decision zone. A breakout above the…

Circle’s stock spiked over 11.4% in pre-market trading Tuesday morning, surging on a bullish Q2 earnings report highlighting substantial year-over-year revenue growth for the stablecoin issuer, and major new offerings on the horizon. The stock, CRCL, eclipsed $179 early Tuesday. It closed at $161.17 Monday afternoon. Total revenue and reserve income for Circle exploded by 53% from last year’s second quarter, the company said, to $658 million. That growth was overwhelmingly driven by a 90% year-over-year increase in circulation of Circle’s flagship dollar-pegged stablecoin, USDC—which in turn allowed the company to earn $634 million in interest generated by reserves backing…

Bifrost has announced its strategic alliance with Meria to begin a new era of crypto staking in France. Meria has extensive experience in the digital asset industry, holding official registration with the French Professional Securities Authority (PSAN). So, the platform holds a trusted name in the French market and now aims to open the gate to staking opportunities in the region. We’re excited to introduce a new DOT VBL actor: @Meria_Finance.Meria is a French platform specializing in cryptocurrency investment. With several years of experience, it is registered with the French PSAN (Professional Securities Exchange Commission). pic.twitter.com/r4WIqaKGBD — Bifrost – Omnichain…

Ethereum price pulled back for three consecutive days, down nearly 10% from its weekly high — but inflows into ETH funds and growing network activity suggest the token’s rally may be far from over. Summary Ethereum price rally stalled in the last three days, in what appears to be a healthy pullback. American retail and institutional investors continued their ETF buying frenzy. Technical analysis shows a cup-and-handle pattern has formed, pointing to more gains. Ethereum ETF inflows surge Ethereum (ETH) token retreated to $4,410 on August 16, down over 10% from its highest point this week. It remains 217% above…

Web3 payments infrastructure firm Transak has raised $16 million in a strategic funding round co-led by IDG Capital and Tether. The company plans to use the funds to expand its stablecoin payments stack and enter new markets. The funding round comes at a time in which the stablecoin sector has been growing exponentially. DeFiLlama data shows in early 2024 it has a $130 billion market capitalization, which has since more than doubled to $270 billion. Transak says nearly 30% of its more than $2 billion in processed transactions originates from stablecoin flows. The company’s CEO and co-founder Sami Start said…

Crypto exchange Kraken has temporarily paused Monero (XMR) deposits due to the ongoing 51% attack against the privacy-focused blockchain, which has compromised the security of the network. A 51% attack occurs when one mining pool controls more than 50% of a blockchain network’s total hashing power, giving it the ability to double-spend and reorder transactions on the ledger. The Kraken exchange wrote on Friday: “As a security precaution, we have paused Monero deposits after detecting that a single mining pool has gained more than 50% of the network’s total hashing power. This concentration of mining power poses a potential risk…