Author: NBTC

Ethereum is sitting at a short term decision point while a separate higher time frame chart keeps much bigger cycle targets on the table. One setup shows $ETH testing channel support now, while the other argues that holding the broader structure could still open a path toward much higher levels over the next few years. Ethereum Hits a Short Term Decision Zone Inside Ascending Channel Ethereum is trading near the lower boundary of an ascending channel on the 3 hour chart, according to a setup shared by X user Elja. The pattern has guided price higher since late March, with…

Many assume MiCA doesn’t apply if a company is incorporated outside the EU — in Singapore, Hong Kong, or Canada. That’s a dangerous mistake. December 2024 marked a turning point for European crypto markets. Before that, each of the EU’s 27 member countries maintained its own approach to regulating crypto assets — creating a compliance nightmare for companies operating across borders: overlapping legal costs, fragmented frameworks, and endless national adaptations. MiCA — the Markets in Crypto-Assets Regulation — ended all of that. The EU now operates under a single, unified rulebook. A license obtained in one member state opens the…

Coinbase CEO Brian Armstrong said the company has started testing AI agents on Slack and email to assist employees with work tasks, continuing the company’s efforts to embed AI into its workflows. In a post to X on Saturday, Armstrong said the company has already deployed two AI agents, modeled after two former executives, speculating that AI agents could eventually outnumber human employees at the crypto exchange. “Soon, it will be easy for any employee to spin up a new agent for themselves or their team. I suspect we will have more agents than human employees at some point soon.”…

The Kelp DAO and LayerZero bridge exploit that occurred over the weekend has left lending protocol Aave facing potential losses of up to $230 million, depending on how the situation is resolved. The incident, according to a report from Aave Labs and service provider LlamaRisk published on the Aave governance forum, centers on rsETH, a liquid restaking token issued by KelpDAO. To move rsETH between blockchains, the protocol relies on a bridge mechanism that locks tokens on one chain while issuing corresponding copies on another. An attacker exploited that setup by forging a transfer message that appeared valid. The system…

The Ethereum price has followed Bitcoin’s trajectory recently, with the pump from last week eventually pushing the altcoin above $2,400. This was a welcome change for investors after a drawn-out downtrend. Now, the price has begun to stabilize, looking toward more sideways movement in the time being. This means that the Ethereum price is about to enter an important timeframe, where the decision between the bears and the bulls will eventually be made. Ethereum Price Still Chasing Liquidity According to the crypto analyst TheChartWhisperr on the TradingView website, the Ethereum price has done something important, and that is sweeping the…

Ripple CEO Brad Garlinghouse has heaped praise on the current U.S. Securities and Exchange Commission (SEC) Chair Paul Atkins. He has compared the current regulatory environment under SEC Chair Paul Atkins with the hostile regime of his predecessor, Gary Gensler. The Ripple executive praised Atkins as a “model of what leadership at the SEC should look like.” “The SEC’s first mission is to protect investors. Under Gary Gensler, the SEC clearly lost its way,” Garlinghouse stated. “He declared war on a technology… It was an unlawful power grab…and the courts said as much.” Garlinghouse concluded his statement by calling Atkins…

Charles Schwab, a leading US financial company, has announced it will expand its cryptocurrency business by publishing Bitcoin ($BTC) educational content. A direct trading service is also expected to be launched soon. Charles Schwab, one of Wall Street’s most prominent figures, recently announced plans to offer direct Bitcoin and Ethereum ($ETH) trading services within a few weeks. Related News Charles Schwab, Who Manages $12 Trillion, Finally Made the Long-Awaited Bitcoin ($BTC) and Ethereum ($ETH) Announcement! Here Are the Details These moves by the company are being interpreted as an effort to lay the groundwork for future use of the service.…

An OTC whale has recently experienced notable losses due to the market uncertainty amid the exploit of the DeFi protocol KelpDAO. Particularly, the whale has incurred a $540K loss as a result of the KelpDAO $rsETH bridge hack. As per the data from Lookonchain, the exploit influenced the withdrawal flows to a significant extent. Thus, the whale witnessed huge losses in an attempt to rebalance their positions. The OTC whale who previously bought 163,405 $ETH($440M) and 4,000 $cbBTC($296M) has withdrawn 98,032 $wstETH($272M) and 3,000 $cbBTC($221.6M) from #Aave.Affected by the KelpDAO rsETH bridge exploit, he was unable to withdraw $ETH, so…

A wallet associated with Matrixport, a popular institutional crypto entity, has revived after a year-long period of inactivity. In this respect, the Matrixport wallet has received a $14.5M Ethereum ($ETH) transaction from OKX. As per the data from Arkham Intelligence, this marks one of the notable Ethereum transactions over the past weeks. Additionally, this sudden revival has gained market-wide attention because large-scale movements from such dormant crypto wallets often indicate strategic repositioning ahead of noteworthy market movements. After a year of dormancy, a wallet linked to Matrixport received 6,383 $ETH ($14.49M) from #OKX.The wallet currently holds 18,383 $ETH worth $41.82M.https://t.co/ZPHMjGMyAS…

The United Kingdom is revisiting its payments rulebook to support the adoption of new fintech and payment technologies such as stablecoins and tokenization. In a Tuesday announcement, HM Treasury and Economic Secretary to the Treasury Lucy Rigby said the government will consult on reforms for payment services and electronic money rules. The Treasury said the changes are meant to create a single framework for traditional and tokenized payments, including stablecoins and tokenized deposits. It also said it plans to bring forward legislation to reduce administrative burdens for companies seeking to offer stablecoin payment services. The Treasury also named former Financial…