Author: NBTC

Bitcoin (BTC) has experienced a significant drop over the weekend, with the cryptocurrency falling below $61,000. This decline has been analyzed as part of a larger consolidation phase that has persisted for the past five months, according to a TradingView post by crypto trading expert RLinda. The analyst attributes the failure to surpass the critical $70,000 resistance and the recent drop in prices to several key factors, both fundamental and technical. Fundamental factors On the fundamental side, macroeconomic indicators have played a significant role. The release of the Nonfarm Payroll (NFP) report on August 2, which showed an increase in…

Coinbase’s newly launched cbBTC is building up its liquidity on decentralized networks. Aerodrome, the growing Base exchange, hosts the bulk of cbBTC liquidity. Trading activity and liquidity have started to build up for cbBTC, a new variation of wrapped Bitcoin (BTC). In the first week after launch, the new asset used the Aerodrome DEX for the bulk of its trading activity. The new asset was among the first to launch immediately on an L2 blockchain, with a native version. Aerodrome’s high-velocity pairs boost activity for the newly launched cbBTC. Aerodrome took up cbBTC from the first day it became available…

Ethereum price is down over 5% and trading below $2,350l. ETH is signaling an increase in selling pressure and might drop to $2,120. Ethereum started another decline after it failed to clear $2,450. The price is trading below $2,320 and the 100-hourly Simple Moving Average. There was a break below a key bullish trend line with support at $2,400 on the hourly chart of ETH/USD (data feed via Kraken). The pair must clear the $2,320 resistance to start a recovery wave in the near term. Ethereum Price Dips Again Ethereum price failed to clear the $2,450 resistance and started another…

Ethereum layer-2 scaling solution Starknet has rolled out its parallel execution feature on testnet, anticipating mainnet launch in a few weeks. Starknet, a layer-2 blockchain operating on top of the Ethereum network, has unveiled a testnet update, which brings new features that are supposed to speed up transaction execution. In an X announcement on Aug. 21, Starknet said that the network’s 0.13.2 version is now live on testnet, adding that the final rollout on mainnet is anticipated in a week. Starknet v0.13.2 is live on Testnet and coming in a week on Mainnet ⚡Why is this a big anon?Parallel ExecutionRight…

Ethereum memecoins collided on Sept. 16 as crypto’s largest exchange, Binance, listed Neiro for spot trading, sending the token to new highs. As previously reported, Binance listed Ethereum’s first Neiro (NEIRO) token, and the memecoin rallied more than 700% in less than 24 hours after weeks of weak price action. Neiro is a dog-themed meme token centered on Akita Neiro, a Shiba Inu rescue dog adopted by Atsuko Sato. Sato is infamous within crypto circles for owning Kabosu, the late dog that inspired the multi-billion-dollar meme project Dogecoin (DOGE). After Sato announced Neiro, a flurry of tokens bearing the same…

Bitcoin, the world’s largest cryptocurrency, has experienced a significant decline in recent hours and fell below $ 60,000. At the time of writing, BTC price is trading at $59,377, with a 2.5% decrease in the last hour. The FED decided to keep interest rates constant at its meeting last Wednesday, but at the press conference held half an hour later, chairman Jerome Powell made some statements in favor of the dove. Although a rate cut in September was almost certain, sharp declines in the price of Bitcoin continued. The reason for the decreases is thought to be the increasing geopolitical…

Ethereum co-founder Vitalik Buterin sees the future for decentralized finance (DeFi) to remain strong should the transaction fees go down. Buterin believes that affordable Layer 2 (L2) solutions are the key to help widespread DeFi adoption, attracting more capital, and even drawing in traditional financial institutions. This insight came as part of a larger conversation sparked by Zeng Jiajun, a core contributor to Soul Wallet. Jiajun pointed out that the crypto market is still in its early stages. He pointed out Bitcoin (BTC), the world’s largest digital asset by market capitalization, towering over the rest with a dominance of over…

After holding the asset for more than eight years and achieving an amazing 446x return on investment, an Ethereum whale operating back in the Satoshi era recently began to sell. In February 2016, this whale bought 16,636 ETH from ShapeShift for a mere $5.23 per ETH, according to data from Ember. The whale started selling some of its holdings after weathering Ethereum’s huge price spikes. At $2,340 they sold 350 ETH, generating a whopping 446x return. Ethereum is currently having difficulty sustaining its prior momentum, which coincides with this selling. Ethereum has a weak ecosystem as a result of its…

Shiba Inu ecosystem leader Shytoshi Kusama has addressed recent criticisms claiming the BONE token is not known to be associated with Shibarium. Recently, Shiba Inu community member Enes Turyan sparked a conversation by criticizing Kusama and Shiba Inu partner K9 Finance regarding the market situation of the BONE token. Specifically, Turyan criticized Kusama and K9 Finance for inadequately promoting BONE. He claimed they have not effectively advertised BONE, claiming a knowledge gap exists among potential users. He pointed out that some people are unaware of the purpose of BONE, particularly in conjunction with Shibarium. This concern stemmed from the BONE…

Prediction market company Kalshi should be allowed to list and trade its new political contracts while the U.S. Commodity Futures Trading Commission appeals its court loss, the company said in a filing Friday. Kalshi, which won a significant victory in court last week when a federal judge ruled its political prediction markets should be allowed to trade in the U.S., said the CFTC wouldn’t suffer any major harm if its new contracts were allowed to trade during the appeal process, but the company would “suffer substantial – indeed, irreparable – harm” if it’s blocked from letting people bet on the…