Author: NBTC

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…

Flagship altcoin Ethereum (ETH) is currently having its best quarter ever, which might come as a surprise considering that the cryptocurrency has been around since 2016. According to data provided by cryptocurrency analytics firm CoinGlass, ETH is currently up by more than 80% during the current quarter. It has substantially outperformed Bitcoin, which has so far added only 10% during the current quarter. As reported by U.Today, Fundstrat’s Tom Lee previously claimed that Bitcoin is having its “Bitcoin 2017 moment.” Outperforming “DeFi summer” The cryptocurrency’s previous best-performing Q3 was logged in 2020. Back then, the cryptocurrency spiked by 59.5%. This…

The NFT market has staged a strong recovery NFTs are staging a comeback, with buyer activity nearly tripling and sales volume rising by 30.09% to $173.2 million. New data from CryptoSlam reveals that NFT buyers and sellers surged, while total transactions declined. This suggests renewed market participation is concentrated in higher-value trades. Ethereum led the pack with an 85% weekly gain—though it also saw wash trading soar 354%. Collections like CryptoPunks and Bored Ape Yacht Club posted eye-catching sales spikes, underscoring how blue-chip NFTs continue to drive the market even in a turbulent crypto backdrop. Read on for more: Summary…

The cryptocurrency world constantly evolves, and companies are finding innovative ways to integrate digital assets into their core operations. A significant development recently emerged as Upexi, a Nasdaq-listed e-commerce company, made a strategic move concerning its Upexi Solana treasury. This involves a pivotal appointment that could redefine its approach to digital asset management. Why is the Arthur Hayes Advisory Significant for Upexi? Upexi announced the formation of an advisory committee for its Solana (SOL) treasury. As a groundbreaking first step, they named Arthur Hayes, the renowned co-founder of the BitMEX crypto exchange, as its inaugural member. This move signals a…

Bitcoin mining profitability increased 2% in July as the price of the world’s largest cryptocurrency rose 7% while the network hashrate jumped 5%, investment bank Jefferies said in a research report on Friday.”We see positive BTC price momentum as most favorable for Galaxy’s (GLXY) digital assets business, while miners fight a rising network hashrate,” analyst Jonathan Petersen wrote. The hashrate refers to the total combined computational power used to mine and process transactions on a proof-of-work blockchain, and is a proxy for competition in the industry and mining difficulty. It is measured in exahashes per second (EH/s). U.S.-listed mining companies…

ProCap CEO and VC investor Anthony Pompliano (also known within the X financial community as Pomp) has taken to his X account to comment on the just-released inflation report – the Consumer Price Index (CPI). CPI comes in low, Kiyosaki’s gloomy forecast opposed The CPI has come out slightly below the expectations of analysts – 2.7% versus 2.8%. This may indicate that in September the Federal Reserve will finally agree to reduce the interest rate – something many financial experts, traders and even the US president Trump have been longing for recently. Based on this development, Anthony Pompliano addressed the…

The highly anticipated Bullish IPO will take place on Wednesday, Aug. 13, giving investors the opportunity to buy into one of the fastest-growing cryptocurrency exchanges, crypto publishers, and data providers. Summary The Bullish IPO will happen in the NYSE on Aug. 13. The IPO roadshow has been successful and oversubscribed. It is likely that the BLSH stock will surge after the IPO. Bullish IPO to test demand for crypto companies Bullish, a company associated with Peter Thiel, has concluded its roadshow, with its initial public offering set for Wednesday. There are signs that the roadshow has been highly successful, as…

The U.S. Department of Treasury’s Office of Foreign Asset Control sanctioned a Russian crypto exchange on Thursday, according to its statement, a sign some federal authorities are continuing to scrutinize digital asset firms, despite U.S. President Donald Trump’s directives to ease up on the industry. The exchange, Garantex Europe OU, “directly facilitated ransomware actors and other cybercriminals,” processing more than $100 million in transactions tied to illegal activities since 2019, OFAC said Thursday in the statement. The agency added that it is also sanctioning the trading platform’s successor, Grinex, in addition to blacklisting three Garantex executives and six companies linked…