Author: NBTC

Bitcoin (BTC) plunged to a low of $101,500 on June 5, marking its sharpest decline in over a month as a wave of selling swept through crypto markets. The drop extended a multi-day slide triggered by shifting investor sentiment and declining demand from institutions. The world’s largest cryptocurrency touched a low of $101,500 before stabilizing slightly above $102,000. Bitcoin is now down more than 8% from last month’s peak of nearly $112,000 and further losses could follow if confidence continues to erode. Other top digital assets also declined. Ethereum (ETH) fell to a low of $2,506, down approximately 4% on…

The Ethereum price today is trading near $2,244 after a volatile intraday reversal from sub-$2,150 levels. This rebound follows an early-week rejection near $2,620 and marks a critical moment as ETH attempts to hold above the weekly 0.236 Fibonacci level ($2,026). Price action is now sandwiched between bearish control zones and a key demand cluster, with bulls looking to reclaim lost structure heading into June 24. What’s Happening With Ethereum’s Price? ETH price dynamics (Source: TradingView) On the weekly chart, Ethereum price remains capped below the 0.5 and 0.618 Fibonacci levels ($2,744 and $3,066 respectively), while the current candle attempts…

The blockchain landscape continues to make waves on social media, with several L2 projects showing remarkable performance. As per the data from Phoenix Group, $STRK, $ARB, and $ZK are standing atop the prominent layer-2 Projects when it comes to social media activity. Crypto data and analytics platform shared the list of well-known L2 projects in a recent X post. TOP #LAYER2 PROJECTS BY SOCIAL ACTIVITY$ARB $STRK $CELO $ZK $STX $POL $COMBO $OP $CULT $MNT pic.twitter.com/qTQeDekvpj — PHOENIX – Crypto News & Analytics (@pnxgrp) May 31, 2025 $STRK Leads L2 Projects with Robust Social Activity The market statistics reveal that $STRK…

The recent meeting between digital securities platform INX and the U.S. Securities and Exchange Commission (SEC) Crypto Task Force marks a pivotal step in addressing the complexities of crypto regulation. This dialogue highlights the industry’s urgent call for clear regulatory frameworks that can accommodate the unique nature of digital assets while ensuring investor protection. According to COINOTAG, the discussion focused on defining crypto asset classifications and exploring tailored compliance solutions to bridge gaps between innovation and regulation. INX’s engagement with the SEC Crypto Task Force signals progress toward clearer digital assets regulation and practical compliance frameworks in the evolving US…

Nexus, the company building a Layer 1 blockchain for the AI era, today launched the final testnet, marking the last major milestone before mainnet later this year. More than 2.1 million users and 3.6 million nodes contributed over a 5-day period in the previous testnet. Nexus makes it easy for anyone to contribute compute power from any device, even a laptop or phone. With just one click, users can connect at app.nexus.xyz to start earning rewards and help scale a verifiable network built for the AI economy. By offering compute power, users strengthen the Nexus blockchain by equipping it with…

On June 5, Bitcoin (BTC) futures traders saw a huge liquidation imbalance. In just one hour, $5.51 million in positions were cleared, with $5.35 million from longs and just $157,000 from shorts. The resulting 3,399% imbalance is one of the most abnormal hourly imbalances seen in recent trading sessions. This happened during a bigger drop in BTC’s price. In just an hour, Bitcoin experienced a sell-off, moving from above $104,800 to intraday lows near $103,800 before a minor recovery. The downward trend was shown by a few red candles in a row, which is a sign of ongoing selling pressure…

As uncertainty continues to affect the crypto market, a new analysis of risk models indicates that top altcoins, including Ethereum (ETH), Cardano (ADA), and XRP, may be entering key accumulation zones. The data suggests that despite recent price volatility and a broader market downturn, current levels have historically represented buying opportunities. This analysis provides a counterpoint to the prevailing bearish sentiment, highlighting underlying technical setups that could precede a market reversal. What Are Risk Models Telling Us? Analyst Dan said that Ethereum’s risk score has dropped to 29, a level historically known for accumulation — periods when investors quietly buy…

Flare and Uphold announce a partnership to explore future XRP yield and DeFi access via FXRP. XRP staking is not live yet, but Uphold users may soon gain access through Flare’s FAssets system. Flare Networks has announced a new partnership with Uphold, a crypto platform that is quite well-known for its user-friendly approach. They want to pave the way for XRP holders to earn passive income through the yield feature. This collaboration comes just as Flare is preparing to launch the FAssets system to mainnet—a mechanism that allows assets like XRP to be used in the DeFi world without having…

Ohio’s House of Representatives voted on Wednesday to move forward with a new crypto bill that seeks several protections for industry participants, advancing it up the legislative chain and inching it closer to becoming law. If signed into law by Governor Mike DeWine, the Ohio Blockchain Basics Act would prohibit state and local governments from restricting the use of digital assets as payment or interfering with individuals’ use of hardware wallets or “self-hosted” wallets. It would also permit digital asset mining by individuals in residential areas, subject to local ordinances, and allow mining businesses to operate in industrial zones if…

Mind Network, a decentralized network designed to transform how data privacy and security run in the Web3 landscape, has announced a strategic collaboration with Vana, a decentralized platform that aims to put data ownership into users’ control. Mind Network is a protocol that serves digital sectors that need strong data privacy and security standards, protecting all users’ data, AI, and smart contracts on Web3. It utilizes Fully Homomorphic Encryption (FHE) to protect AI and Web3 applications. On the other hand, Vana is a decentralized AI-powered protocol that aims to provide users with complete control over their personal data. The partnership…