Author: NBTC

Ethereum is trading near $4,600, stabilizing after a volatile August that saw repeated rejections near $4,800. The market has been buoyed by large-scale whale accumulation and fresh on-chain inflows, but technical resistance continues to cap rallies. Spot data shows over $427 million in ETH purchased by Bitmine, marking one of the largest single-day whale acquisitions in months. Combined with positive net flows on August 27, sentiment has improved even as broader crypto markets remain cautious heading into September. The question now is whether Ethereum price action can build enough momentum to retest $4,800 and break into the higher range near…

Russia’s finance ministry is suggesting easing the requirements for entering the country’s restricted and strictly controlled cryptocurrency market. The proposal to lower the thresholds for granting access to digital assets comes as the country fell to number 10 among crypto adopters. Minfin urges letting more Russians try crypto The Russian Ministry of Finance (Minfin) believes it is possible to relax requirements for obtaining the status of “highly qualified” investor, which is necessary to participate in the state-authorized market for crypto assets. In March of this year, the Central Bank of Russia (CBR) proposed to allow this category to buy and…

Kraken acquired Breakout, a prop crypto trading firm. It plans to allow a funded trading plan, where users can apply to invest in crypto using $200,000 in credit. The exchange would retain around 20% of the ensuing gains. Still, Kraken’s community has been a little skeptical, claiming that this acquisition doesn’t have a lot of synergy with its other offerings. Instead, this deal may be a way to lay the groundwork for a future IPO. Kraken’s Breakout Deal Kraken has been looking at a few new expansions recently, as the popular CEX has shown an interest in tokenizing US stocks…

Mantle 2.0, which aims to become the institutional “liquidity chain” for tokenized real-world assets, is championing a new business model that may accelerate the mutually beneficial convergence between the industry’s centralized and decentralized participants. Mantle Network was initially launched as an Ethereum layer-2 (L2) scaling solution in 2021 under BitDAO, as the first L2 network launched by a decentralized autonomous organization (DAO). In July 2023, BitDAO and Mantle Network consolidated into the Mantle brand and the Mantle (MNT) token. The project is now entering a “new phase in its lifecycle,” dubbed Mantle 2.0. It is marked by Bybit executives being…

With the broad cryptocurrency market showing signs of a brief rebound, whales appear to be exiting the market regardless. On August 27, on-chain monitoring company Whale Alert reported a massive Ethereum deposit in a mysterious move that appears to be an attempt to sell. The major ETH transfer, which happened in a matter of minutes, saw a total of 33,622 ETH flow into the U.S.-based crypto exchange Coinbase. Although the transfers were made in two separate transactions, the total ETH moved in both transactions was worth over $213 million, per data provided by the source. Following the nature of both…

A significant development is shaking up the investment world: BlockSpaceForce and Mainnet Capital have officially launched a groundbreaking crypto stock hedge fund. This new Singapore-based initiative aims to secure an impressive $100 million in assets under management (AUM), signaling a robust interest in the evolving digital asset landscape. This fund represents a unique blend of traditional stock market strategies with the dynamic potential of the cryptocurrency sector. What Exactly is This Crypto Stock Hedge Fund, and Why is it Important? This innovative crypto stock hedge fund isn’t just another crypto fund. Instead of directly holding digital currencies, it strategically invests…

Onchain AI agents are edging out of the lab. Lit Protocol’s agent stack, Vincent, now gives developers a way to ship non-custodial automation that actually touches money, but under explicit, enforceable limits set by users and app authors. An “early access” launch just went live, Blockworks has learned exclusively. Lit frames the core model simply: policies (guardrails) and abilities (discrete actions like swap/borrow/bridge) that are bound together at deploy time and enforced at runtime, according to co-founder David Sneider. “Vincent Policies (the guardrails and controls) are created and exposed by Vincent application developers based on any given use case,” Sneider…

The crypto world is buzzing! A significant Cumberland ETH deposit has just occurred, sending ripples through the market. Whale Alert recently flagged a massive transfer of 22,289 ETH, valued at an astounding $100 million, from a wallet linked to crypto market maker Cumberland to Coinbase Institutional. This isn’t just any transfer; it’s a move that often signals preparation for active trading. For many, this large Cumberland ETH deposit suggests potential shifts in market dynamics for Ethereum. What Does This Cumberland ETH Deposit Mean for the Market? When large institutional players like Cumberland move substantial amounts of cryptocurrency to an exchange,…

Uniswap Labs and the Uniswap Foundation are teaming up with cross-chain bridge Wormhole to expand support for more tokens on Unichain, the Ethereum Layer 2 developed by Uniswap Labs. The move will start with adding support for Solana’s SOL and HyperEVM’s HYPE, the firms said on Wednesday. In a press release published on Sept. 3, Wormhole said that users can already bridge SOL and HYPE tokens to Unichain via Wormhole Portal. Eventually, the L2 is planning to add support for tokens from more than 40 blockchains connected through Wormhole, the press release reveals. To encourage early adoption, Uniswap — the…

Ethereum’s market cap is currently a quarter of Bitcoin’s. Yet new institutional research shows the altcoin can outpace BTC in total market capitalization soon. Analysts argue that treasury firms and ETFs fuel a demand cycle that could make Ethereum the leading digital asset within the next one to two market cycles. Trend Research, a research arm of LD Capital, estimates that treasury firms and ETFs already hold nearly $20 billion worth of Ethereum, or 3.39% of the total supply. Unlike Bitcoin’s static supply model, they are not only buying ETH at scale but also using it as a yield-generating asset.…