Author: NBTC

Ethereum recovery is entering its first meaningful test as buyers face a concentration of both technical resistance and on-chain supply. The altcoin rebounded from $1500 and is moving back towards the highlighted supply zone, where sellers who were earlier defending higher prices are still holding ground. Source: $ETH/USD on TradingView Sellers hesitate not just because of technical resistance. According to CryptoQuant data, reserves at Binance have climbed to 3.893 million $ETH. More to that, OKX continues receiving fresh inflows, so there is more $ETH immediately available for sale. Moreover, Bitfinex reserves have fallen from 2.7 million to 2.2 million $ETH.…

James Wo, the founder and chief executive of crypto investment firm DFG, says bitcoin remains the dominant institutional asset in crypto — and ether is unlikely to reach the same status anytime soon. Speaking to CoinDesk at the Proof of Talk conference in Paris, Wo rejected Bitmine Immersion Technologies Chairman Tom Lee’s big prediction that ether would hit $250,000, arguing that Ethereum lacks the same consensus and institutional recognition that have formed around bitcoin. “I totally disagree with him,” Wo said. “Bitcoin has a very strong consensus. If you talk to everyone who is an early backer… they believe in…

Zcash ($ZEC) has shown a strong recovery after the sharp decline experienced in recent days, gaining more than 20% in value in the last 24 hours. The price increase was influenced by Zcash founder Zooko Wilcox confirming that the project was conducting security work powered by Anthropic’s advanced AI system, Mythos. The chart shows the recent increase in $ZEC price. Mert Mumtaz, a prominent figure in the Zcash community, stated that a series of significant updates aimed at improving the network’s security and transparency are expected to be rolled out this year. Related News Ripple (XRP) Joins the AI Race:…

EU lawmakers are set to vote again on controversial legislation dubbed “chat control” by its critics, which would allow tech firms to scan messages for child sexual abuse material. On Tuesday, the European Parliament voted through a rarely used urgent procedure that will bring lawmakers to a vote Thursday on whether to extend the legal framework, which expired in early April. “Today’s vote violates our own rules of procedure, the European Parliament decided to use an urgent procedure for Chat Control 1.0,” Pirate Party MEP Markéta Gregorová said on Tuesday. “This means that on Thursday, we will once again vote…

Garrett Jin, the founder of the now-defunct cryptocurrency exchange BitForex, is reportedly holding a significant short position in Zcash ($ZEC) on the Hyperliquid platform, according to blockchain analytics firm EmberCN. The position, valued at approximately $15.08 million, was opened nine days ago at an average price of $444 per $ZEC. As of the latest data, the trade is underwater, showing an unrealized loss of around $530,000. Details of the $ZEC Short Position EmberCN identified an address beginning with 0x92ea as likely belonging to Jin. The address has a demonstrated history of profitable $ZEC trading, adding credibility to the attribution. The…

The recent decline in Bitcoin and altcoins is attributed to the growing interest in artificial intelligence. At this point, AI stocks experienced sharp increases, while $BTC and other cryptocurrencies suffered sharp declines. While many wonder when AI stocks will decline and when money will flow back into $BTC, a BlackRock executive has made some important statements. Speaking to Yahoo Finance, a US media outlet, Robbie Mitchnick, head of digital assets at BlackRock, said that the AI boom is diminishing the appeal of Bitcoin and cryptocurrencies. According to Mitchnick, the ongoing explosion in AI is reducing the investment attractiveness of Bitcoin…

Tom Lee’s Ethereum conviction heading into Q3 is starting to look like a well-timed move. For context, BitMine Immersion recently added another 42,197 $ETH, taking its holdings to more than 5.74 million $ETH. On the other hand, Michael Saylor’s Strategy sold 3,588 $BTC, setting up an interesting $ETH vs. $BTC treasury debate as Q3 gets underway. Notably, this debate isn’t just playing out on social media. As the chart below shows, the $ETH/$BTC ratio has opened Q3 with a nearly 5% rally after three straight losing quarters. That suggests $ETH is beginning to regain relative strength against $BTC, supporting Tom…

America’s largest banks are preparing a direct response to one of crypto’s fastest-growing products: stablecoins. JPMorgan Chase, Bank of America, Citigroup and other major lenders said Friday that they plan to launch a shared tokenized deposit network through The Clearing House by the first half of 2027. The project would allow bank deposits to move across blockchain infrastructure with round-the-clock settlement, giving traditional bank money some of the same capabilities that have helped stablecoins gain traction. The move highlights the growing competition to become the preferred form of cash on blockchain networks. “Following the GENIUS Act, a competition seems to…

Expanding adoption of the $XRP Ledger among major financial firms has fueled speculation from Jake Claver that BlackRock may one day launch an $XRP ETF. According to comments made by Claver during a recent interview, $XRP is likely to see increased adoption across the $XRP Ledger ecosystem in the coming months as more institutions explore the network’s payment and settlement capabilities. Jake Claver @beyond_broke Chairman of Digital Ascension Group, says an $XRP ETF from BlackRock is on the horizon. This will increase the price of $XRP. Who else is bullish on #$XRP? 🚀 Full interview with Jake will drop next…

India’s central bank has once again made its position clear: it believes the country’s cryptocurrency policy should ultimately lead to a ban. According to a report by Reuters, the Reserve Bank of India (RBI) has communicated this stance in a government document reviewed by the outlet. While major government agencies appear to favor stricter regulations on digital assets, the Indian government has not yet finalized an official policy to either fully ban or regulate cryptocurrencies. Background of India’s Crypto Regulatory Debate The RBI’s renewed assertion is the latest development in a long-running debate over how India should treat cryptocurrencies. In…