Author: NBTC

Ethereum (ETH) has just bounced off the same ceiling for the fourth time, and while a lot of people are saying it is the end of the rally, Galaxy Digital’s Mike Novogratz is not convinced. In a rare price outlook, Novogratz suggested that ETH may not be ready to crash just yet. In fact, it might be setting up for a breakout that takes it firmly past $4,000 before the end of 2025. The commentary followed a chart that has been doing the rounds, and some are calling it a “quadruple top” — a bearish formation, as explained in textbooks,…

Coinbase (NASDAQ: COIN) reported a sharp drop in quarterly profit on Thursday, July 31, that sent shares tumbling, with the crypto exchange posting adjusted net income of $33 million, or 12 cents per share, compared to $294 million, or $1.10 per share, in the same quarter last year. Shares were trading at $320.93, down 15.04% at press time Friday. Why is Coinbase stock down? Coinbase’s troubles centered on weak trading activity as crypto market volatility dropped and retail investors held onto their digital assets rather than trading. Consumer spot trading volume was $43 billion, down 45%, while consumer trading revenue…

This is a segment from the Lightspeed newsletter. To read full editions, subscribe. Switchboard’s new “Surge” oracle network goes live on mainnet today. As Solana continues to reckon with competition from high-speed upstarts like Hyperliquid, one of the network’s biggest price oracles is getting much faster. The oracle will be free to integrate, and is claimed by the Switchboard team to be the fastest on Solana yet. How fast? Surge promises to deliver price feeds at a sub-100ms latency — a performance gain of about 8x faster and at roughly 1/100th the cost of existing oracle providers, according to the…

Bitcoin’s decentralized finance (DeFi) ecosystem is experiencing renewed venture capital (VC) interest, signaling more demand for the world’s first cryptocurrency as it gains utility as a yield-bearing asset. Bitcoin DeFi, or BTCFi, is a technological paradigm that seeks to bring decentralized finance capabilities to Bitcoin’s base layer. According to a new report from Bitcoin DeFi infrastructure provider Maestro, shared with Cointelegraph, the BTCFi ecosystem received $175 million worth of VC funding across 32 rounds in the first half of 2025, with increasingly more capital flowing into consumer apps and demand-driven products. Capital is pivoting toward “usability and demand-driven products, while…

Stable, Layer 1 blockchain network built for stablecoin transactions, has secured $28 million in seed funding. The round was led by Bitfinex and Hack VC, with participation from Franklin Templeton, Castle Island Ventures, eGirl Capital, Bybit-Mirana, and others. Angel investors include Tether CEO Paolo Ardoino and Anchorage co-founder Nathan McCauley. Bitfinex, an early backer, helped incubate the project. The funding will support network development, team expansion, and global USDT distribution. Stable operates as a “stablechain,” a blockchain optimized for instant stablecoin transactions. Its launch follows the U.S. passage of the GENIUS Act, a law providing regulatory clarity for stablecoin payments.…

Walrus, a popular decentralized data storage platform, has recently integrated with Pipe Network, a prominent decentralized content delivery network (CDN). The integration endeavors to enhance bandwidth as well as minimize latency across chains. Walrus’s official social announcement labels this integration as a remarkable merger of the strengths of both the entities. The collaboration will enable seamless storage, robust compute capabilities, and delivery infrastructure across several high-throughput blockchains. Walrus x @PipeNetworkWe’re partnering up to power the decentralized internet.🦭 Walrus will use Pipe’s 280K+ PoP nodes to supercharge content delivery at the edge. ⚡️ Pipe will leverage Walrus for scalable, programmable data…

HLP0, which offers depositors a tokenized representation of Hyperliquid’s HLP vault, is facing backlash for withdrawing user funds from the multi-sig and bridging them to Avalanche and Arbitrum DeFi protocols instead of contributing them to the HLP vault. HLP0 boasts a total-value locked (TVL) of $40 million, but $29 million of that capital has been bridged to Avalanche, and $11 million remains on Arbitrum. The funds are being used on two DeFi protocols, Aave, and Avalanche-based decentralized exchange (DEX), Blackhole, according to the multi-sig’s DeBank profile. HLP0 Multi-Sig DeBank Cain O’Sullivan of Hyperdrive flagged the activity on X where he…

Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has just formed a death cross on its hourly chart. A death cross occurs when a short-term moving average falls below a longer-term one, indicating potential downward momentum. On the hourly chart, Ethereum’s 50-hour moving average crossed below the 200-hour moving average, forming the “death cross” pattern. While moving average crossovers on the daily or weekly charts tend to carry more weight, such signals on the hourly chart might depict short-term weakness. The most recent death cross on the Ethereum hourly chart follows a major sell-off on the crypto market, which has…

Soft U.S. July jobs numbers released Friday morning combined with shocking revisions lower to June and May prints to produce the weakest three-month period of employment growth since the Covid shutdowns of 2020. The data seems likely to put an end to the wait-and-see approach of Federal Reserve Chairman Jerome Powell and set the central bank on a path to restarting rate cuts at its next meeting in September. That’s sent the yield on the 10-year U.S. Treasury bond plunging 14 basis points to 4.22% and the price of gold pumping 1.5% to $3,400 per ounce and back within sight…

An Ethereum (ETH)-based decentralized finance (DeFi) altcoin is on the rise after gaining support from the top US-based crypto exchange platform. In a new thread, Coinbase says it is adding support for Euler (EUL), a lending and borrowing protocol built on top of the second-largest digital asset by market cap. “Euler (EUL) is now live on http://coinbase.com and in the Coinbase iOS and Android apps. Coinbase customers can log in to buy, sell, convert, send, receive or store these assets.” Following the announcement, EUL saw a price increase, rising from an August 6th low of $11.02 to a peak of…