Author: NBTC

Ethereum is trying to reclaim a key support area, and analysts say holding above $1,750 could keep the recovery alive. Even if $ETH pulls back first, a strong defense of $1,660-$1,720 could set up the next move toward $1,900-$2,100. Ethereum Retake of February Low Could Open Path Toward $2.1K Ethereum is trying to reclaim its February low, and analysts are watching daily closes above this area for confirmation. If $ETH can consolidate above $1,750, the next major upside zone could sit near $2,100. $ETH/USD daily chart. Source: Daan Crypto Trades on X, TradingView The chart shows $ETH rebounding from the…

Spot Bitcoin and spot Ethereum exchange-traded funds (ETFs) traded in the US were affected by investor outflows on June 18. According to the latest data, both Bitcoin and Ethereum-focused ETFs recorded net outflows for the second consecutive trading day. This is seen as one of the developments indicating a short-term weakening of institutional investor appetite in the cryptocurrency markets. According to the data, a total net outflow of $90.7 million occurred from US spot Bitcoin ETFs. The largest daily outflow was seen in BlackRock’s iShares Bitcoin Trust (IBIT) fund, one of the world’s largest asset management companies. $96.7 million was…

SkyEcosystem recently announced its position as the largest issuer of tokenized funds, holding an 18.4% market share. This information was shared on Twitter by Token Terminal, highlighting a significant trend in the cryptocurrency sector. Inside the Move The broader crypto market is currently experiencing mixed signals, with varying momentum across major assets. Amid this backdrop, SkyEcosystem has emerged as a leader in tokenized funds, leveraging a network of Agents to capitalize on a growing demand for yield-bearing assets. The shift towards tokenized funds as a dominant category reflects a broader trend of capital rotation from non-yielding stablecoins, which could indicate…

Y Combinator, the influential Silicon Valley startup accelerator behind companies like Coinbase and Stripe, is urging lawmakers to pass the CLARITY Act, a bill that would establish a clear legal framework for classifying digital assets as securities or commodities. The firm argues that without such clarity, blockchain-based financial services remain tethered to legacy systems, limiting their potential for global, real-time commerce. What the CLARITY Act Would Do The CLARITY Act is designed to resolve one of the most persistent ambiguities in U.S. crypto regulation: whether a given token falls under the jurisdiction of the Securities and Exchange Commission (SEC) or…

Decentralized finance protocol Summer.fi has paused its Lazy Summer vaults after an exploit that drained about $6 million from the Ethereum-based yield platform, according to the project and several blockchain security firms. Lazy Summer is an automated yield platform that routes deposits across lending markets such as Aave and Morpho in search of higher returns while handling rebalancing on behalf of users. The incident was first flagged by blockchain security firm Blockaid, with PeckShield and CertiK also reporting suspicious activity. Summer.fi later confirmed it was investigating the attack and said protocol guardians had paused affected vaults to prevent additional losses.…

Ethereum traded near $1,764.43 on July 5, according to crypto.news market data. The token was up 0.2% over 24 hours and 11.58% over seven days. Its market cap stood near $212.91 billion, while 24-hour volume was about $11.16 billion. The latest daily range showed $ETH moving between $1,751.18 and $1,801.59. That placed the token close to the $1,800 resistance area after a recovery from the June low near $1,500. $ETH/USDT remains in a broader downtrend from the May highs. Still, the short-term chart has improved after buyers defended the $1,500 region and pushed price back above $1,700. Liquidation clusters keep…

Goldman Sachs lowered its year-end gold forecast by $500 an ounce, citing expectations that the US Federal Reserve won’t cut interest rates this year. The revised target places gold at $4,900, down from earlier estimates of $5,400. It comes on the assumption that the next Fed cuts could be pushed to March 2027 and December 2027. “Our gold price views remain structurally constructive but tactically cautious, with near-term downside risk and medium-term upside risk,” Goldman Sachs commodity analysts Lina Thomas and Daan Struyven said, according to Bloomberg. A delay in US interest rate cuts could also weigh on cryptocurrencies, as…

An on-chain analyst has flagged a significant transfer of 150 million $ONDO tokens, worth approximately $49.56 million, from an Ondo Finance team multisig address to an anonymous wallet. The transaction, which occurred roughly eight hours ago, has raised concerns about a potential sell-off. Recurring Large Transfers from Team Wallet According to on-chain analyst ai_9684xtpa, the receiving address has been a regular recipient of large $ONDO transfers on a monthly basis. Since April 22, the address has accumulated a total of 425 million $ONDO, valued at around $147 million at current market prices. The analyst noted that funds from two previous…

Cecabank has launched a regulated cryptocurrency custody and trading infrastructure for financial institutions, bringing Renta 4 Banco onto the platform and extending its crypto-asset services under the European Union’s MiCA framework. According to a Jun. 11 announcement from Cecabank, the Spanish banking group has moved its crypto-asset service project into production after securing authorization to provide crypto-asset custody, transfers, and reception and transmission of orders (RTO). The rollout comes a year after the bank and crypto exchange Bit2Me revealed plans for a MiCA-ready platform for financial institutions that was awaiting regulatory approval. Under the arrangement, Cecabank provides the technological infrastructure…

Bitcoin BTC$59,346.45 could be approaching a major turning point after a rare combination of onchain indicators flashed signals that have historically coincided with market bottoms, according to Chris Sullivan, co-founder and portfolio manager at digital asset hedge fund Hyperion Decimus. In a recent report, the hedge fund explained that four proprietary onchain signals have aligned only five times during bitcoin’s 15-year history. Each previous occurrence marked a cycle bottom, although Sullivan cautioned that this time still lacks final technical confirmation. “We have literally like every box checked, except for a final pattern,” Sullivan said in an interview with CoinDesk. “Either…