Author: NBTC

Ethereum is poised above $2,500 amid massive whale accumulation Also signaling bullish sentiment is the surge to 35 million staked ETH for Ethereum staking. The Ethereum price could rally amid multiple catalysts. Ethereum (ETH) is witnessing a significant surge in staking activity, underpinned by aggressive accumulation from large holders. As whales up their buying pressure, Ethereum’s price has shown greater resilience above the $2,500 level. According to CoinMarketCap, ETH traded around $2,549, down 2% and 7% in the past 24 hours and week respectively. However, the top altcoin remained above the crucial level and was seeing massive whale buying. Crypto…

Bitcoin (BTC) and the cryptocurrency market have experienced a decline in recent days as US customs duties, which were suspended by US President Donald Trump, have become a current issue again. Having fallen by 5.2% in the last week, BTC saw below $104,000, but with a slight recovery, it rose just above $104,000 again. Despite this decline, the expectation of an increase in Bitcoin and altcoins continues, and the agenda of the cryptocurrency sector today includes the speech to be made by US Federal Reserve (FED) Chairman Jerome Powell. Jerome Powell, who will speak at the 75th Anniversary Conference of…

This is a segment from the Lightspeed newsletter. To read full editions, subscribe. Solana’s real economic value, app revenue, and DEX volumes were all up on the order of 20-30% in May, but one noteworthy figure didn’t keep pace: stablecoin supply. Today, there are 15% fewer stablecoins on Solana than a month ago, per Blockworks Research data. Stablecoins are often an important source of liquidity for doing things like swapping in and out of SOL, although Solana’s stablecoin dip comes after the gray swan that was Donald Trump’s memecoin. Solana’s stablecoin supply doubled essentially overnight when Donald Trump’s memecoin was…

The overwhelming bipartisan passage of the U.S. Senate’s stablecoin bill, with a 68-30 final vote that saw a huge surge of Democrats joining their Republican counterparts on Tuesday, sets a new high-water mark of crypto policy efforts in the U.S. as the legislation now heads to the House of Representatives. The major Democratic backing for the Guiding and Establishing National Innovation for U.S. Stablecoins of 2025 (GENIUS) Act helps give it momentum as it lands in the other chamber, where House lawmakers can either vote on it as written or pursue changes that will require a final round in the…

Partnership news continues to come in the cryptocurrency industry. At this point, the latest news came from two popular altcoins, Alchemy Pay and Ripple. Accordingly, Alchemy Pay announced in its statement that they have established a partnership with Ripple. Alchemy announced in a post on its Pay X account that it has partnered with Ripple – XRP and provides fiat-to-crypto migration services for Ripple’s fully-backed stablecoin RLUSD. The Alchemy Pay – Ripple integration will allow users in 173 countries to access RLUSD via local payment methods. “Alchemy Pay, the world’s leading crypto payment solution provider, announced a strategic partnership with…

A newly created wallet has placed a high-stakes $54.5 million long bet on Bitcoin. He made the trade through Hyperliquid, using 20x leverage. The move has stirred speculation about its potential impact on Bitcoin’s price direction. Whale Opens $54.5M Leveraged Position On June 9, on-chain data revealed that wallet 0x1f25 deposited $10 million USDC into Hyperliquid, a decentralized perpetual exchange. The wallet then opened a 20x leveraged long Bitcoin position valued at $54.5 million, equal to 511.5 BTC. Related: Binance Users Shed $223 Million in Tether and Bitcoin Holdings to Buy More Ethereum Blockchain tracker Lookonchain first reported the activity.…

Ether (ETH) ETH$2,545.02 traded at $2,555.77 on Tuesday, down 3.7% over the past 24 hours after a sharp rejection near the $2,673 level triggered a wave of selling. The downturn follows several sessions of declining momentum and increasing volatility, culminating in a major sell-off late Monday that broke through initial support and left prices trending downward for most of the day.Despite this weakness in price action, on-chain data suggests that larger market participants continue to treat the pullback as an opportunity to accumulate. According to Glassnode, daily net whale accumulation has exceeded 800,000 ETH for nearly a week, with total…

Shares in SharpLink Gaming, a gambling marketing firm and affiliate network operator, are down more than 38% since the market opened, despite the company finalizing an investment round to help it acquire up to $425 million in Ethereum.  The company, which last week announced plans to create an Ethereum-focused digital asset treasury, saw its shares surge as high as $124, after trading at $6 as recently as May 23.  After closing at $76.70 on Friday, SharpLink shares—which trade with ticker SBET on the Nasdaq Exchange—are trading at $47.16, down more than 38% since open and a whopping 62% down from…

Sui has experienced prolonged bearish pressure after the SEC decided to prolong its decision on its spot ETF. Sui (SUI) was down 4% on Thursday, compounding its earlier losses this week to 14%. Despite somewhat recovering this week, the token is still under pressure as weak sentiment plagues its entire ecosystem. The most recent blow for Sui came in the form of an unfavorable decision by the U.S. Securities and Exchange Commission. On June 4, the SEC delayed its decision on the Canary Capital’s spot SUI ETF, triggering renewed uncertainty. This brought Sui down near its weekly lows, to the…

Libertarians are mobilizing support for cryptocurrency entrepreneur Roger Ver, framing him as a victim of government overreach akin to Ross Ulbricht, in a bid to highlight his case before the upcoming midterm elections. Libertarian Party Advocates for the Release of Political Prisoner Roger Ver As Cassandra MacDonald reported in The Gateway Pundit, the Libertarian Party is turning Roger Ver’s legal battle into its latest rallying cry. MacDonald detailed the party’s official X account, @LPNational, stated it is “dedicated to fighting for justice & individual liberty, including advocating for the release of political prisoner Roger Ver,” a “trailblazer for economic freedom…