Author: NBTC

Ethereum’s value is stuck below a serious $2,660 obstacle zone. Traders expect a possible drop if ETH cannot push above this hurdle. Those located at $2,450 and $2,300 could prevent further losses if the selling rate falls. ETH is fluctuating around $2,640 and facing formidable resistance at $2,660. This level is creating a decreasing Order Block, which increases the chance of rejection. If it fails to climb above $2,660, it could retrace to $2,450 or $2,300. Shareholders are paying close consideration since a 4-hour candle close above $2,660 could invalidate the reduction situation and change the financial direction. Rejection at…

TIA has outperformed the CoinDesk 20 Index this month by a large margin. There has been an increase in TIA hedging demand ahead of a Oct. 31 token unlock, Wintermute said. Bearish short positions, likely representing hedging, have been crowded out, funding rates suggest. TIA, the token of data-availability blockchain network Celestia, posted its best monthly gain this year, outperforming the broader market by a significant margin and confounding traders who’d positioned for a drop in the price as the result of a $1.13 billion token unlock due next month. The market-beating 40% surge, the biggest since December 2023, contrasts…

ZKsync, a well-known entity in the zero-knowledge rollup sector, has announced an exclusive update for the Solidity compiler. As per ZKsync, v1.5.6 of the Solidity compiler brings significant performance improvements to ZKsync Era along with supporting solc v0.8.28. The platform took to its official social media account to provide the details of this endeavor. 🏆 New release alert! 🏆v1.5.6 of the Solidity compiler for ZKsync Era! This release focuses on solc v0.8.28 support and performance improvements. If you’re on v1.5.5 or earlier, now’s the time to update! Check out the complete release notes and download the binaries for your… —…

A closely followed crypto strategist believes Bitcoin (BTC) is finally carving a bottom after a six-month correction. Analyst Jason Pizzino tells his 112,300 followers on the social media platform X that he’s keeping an eye on the Fear and Greed Index, which tracks crypto market sentiment over time. Pizzino says that the index has been oscillating between extreme fear and neutral as of late, wiping out market exuberance and trader belief in the crypto bull cycle. “This is how bottoms are formed over many weeks within a bull market. Bitcoin.” Source: Jason Pizzino/X In a video update, Pizzino believes it…

Crypto exchange Kraken announced its successful integration with EigenLayer, enabling its users to restake Ethereum (ETH) directly from the platform, according to an Oct. 15 press release. The partnership aims to simplify restaking, making it more accessible to a broader range of users. Access to the service is currently limited to verified Kraken Pro users at the Intermediate level or above. Additionally, US residents are not permitted to participate due to regulatory reasons. Restaking accessibility Mark Greenberg, Kraken’s Global Head of Asset Growth & Management, noted that restaking has been one of the most significant developments in the crypto space…

Leveraged MicroStrategy exchange-traded funds are firing on all cylinders as inflows and their stocks surge. MicroStrategy ETFs surge The Defiance Daily Target 1.75x Long MSTR ETF and the T-Rex 2x Long MSTR Daily Target funds have soared by 28% and 31%, respectively, in the last five days. MSTX and MSTU have also added over $207 million and $300 million in assets this year. These ETFs have outperformed MicroStrategy stock, which has risen by 16.1% in the last five days. The three assets continued their strong performance on Monday, Oct. 14, as Bitcoin (BTC) and other cryptocurrencies rebounded. MicroStrategy shares jumped…

Linqto, a well-known firm that allows investment in companies pre-IPO, has sparked a conversation about XRP potentially reaching the lofty price of $1,000. In a post on X today, Linqto polled XRP proponents on how they would react if XRP skyrocketed to $1,000. The post aims to gauge popular opinions among XRP enthusiasts regarding their potential responses to such a price surge and how they might choose to spend their newfound wealth. “Cry Happy Tears” Linqto’s inquiry attracted significant attention from members of the crypto community, with many suggesting various ways they would respond to the dream of a $1,000…

As expected, X Empire—a Telegram tap-to-earn game that has amassed more than 50 million players—has completed its latest mining phase, shutting down the game ahead of next week’s X token launch on The Open Network (TON). The brief “Chill Phase” of X Empire lasted just over two weeks, giving players a last chance to earn a larger share of tokens ahead of the planned airdrop on October 24. This isn’t the first time that X Empire has gone through this process. The game completed its original, monthslong mining phase on September 30, with plans for the X token launch to…

Mysten Labs has launched the public testnet for Walrus Protocol, a decentralized storage network designed to store large data files such as videos, audio, and images. The testnet, built on the Sui (SUI) blockchain, introduces several key features, including the ability to delete stored files, a staking system, and an explorer tool for users to search and manage data, according to a press release. Decentralized storage distributes files across multiple independent storage nodes rather than relying on a single company to store data (as with traditional cloud services), providing better security and resilience. Walrus Protocol uses a method that breaks…

Coinbase recently introduced cbBTC, a wrapped version of Bitcoin designed to integrate with decentralized finance (DeFi) applications on Ethereum and Base networks. This new product aims to expand Bitcoin’s utility beyond simple holding or trading, allowing users to participate in various DeFi activities without converting their Bitcoin to other cryptocurrencies. cbBTC is backed 1:1 by Bitcoin held in Coinbase’s custody, enabling seamless transfers between Bitcoin and Ethereum or Base networks. Users can now engage with popular DeFi platforms like Uniswap, Aave, Compound, and Curve using their Bitcoin holdings. The launch of cbBTC marks a significant step towards creating a more…