Author: NBTC

Ethereum remains capped beneath the critical 200-day moving average at $2.6K, signaling ongoing distribution among market participants. Given the current price structure, a bearish correction appears increasingly likely in the near term. Technical Analysis By ShayanMarkets The Daily Chart Ethereum continues to face firm resistance at the 200-day moving average, currently hovering near the $2.6K level. This barrier has so far remained unbroken, signaling persistent bearish sentiment and a lack of follow-through from the bulls. The ongoing failure to reclaim this level suggests the formation of a distribution phase, often indicative of increased sell-side pressure. Moreover, the appearance of a…

Circle Internet Group priced its initial public offering (IPO) at $31 per share on June 4, 2025, above its revised target range of $27 to $28. The crypto firm is now set to begin trading on the New York Stock Exchange under the ticker symbol, CRCL. Early premarket indications for the stock show a price between $50 and $52, reflecting a 61% to 68% increase over the IPO price. “Massively Oversubscribed” Offering Raises $1.1 Billion The IPO raised nearly $1.1 billion and gave Circle a market capitalization of approximately $6.8 billion at the offering price. Including options and underwriter purchases,…

VeChain has announced the first wave of VeBetter grant proposals on the VeChain Discourse. Users are encouraged to participate in the process. VeChain’s revamped grant structure focuses on two key categories, the X‑to‑Earn Grants and the Ecosystem Infrastructure Grants. VeChain has activated the first grant under its upgraded VeBetter Grants Program 3.0, and the community is now invited to vote and help direct funding toward meaningful sustainability projects. The first proposal up for consideration is for an app called ReUse, which aims to encourage more sustainable behavior in the secondhand clothing market. ReUse is requesting a $25,000 grant from VeBetterDAO.This…

U.S. House of Representatives Republicans are forging ahead with legislation to establish regulations for U.S. crypto markets, dissecting that effort in a pair of hearings on Wednesday, but Democrats insist the complex bill is hurried, flawed and fails to address a chief complaint: their accusations that President Donald Trump is engaged in crypto corruption. The House Financial Services Committee and House Agriculture Committee both examined the changes contemplated by Digital Asset Market Clarity Act, with witnesses in the financial committee including two former chairmen of the Commodity Futures Trading Commission and a former acting chairman of the Securities and Exchange…

Leading South Korea-based cryptocurrency exchange Upbit has announced that it will completely terminate trading support for digital assets NEM (XEM) and StormX (STMX) on July 3, 2025. Upbit Ends NEM (XEM) and StormX (STMX) Trading Support The decision is based on comprehensive assessments following the previous placement of both crypto assets under investment alert status. XEM and STMX to Delist on July 3 According to the statement, XEM and STMX pairs (XEM/KRW, XEM/BTC and STMX/KRW, STMX/BTC) will not be available for trading on the Upbit platform as of 15:00 on Thursday, 03-07-2025. Buy and sell orders placed until this date…

A group of Moroccan researchers has announced the launch of a new system designed to prevent diploma fraud while ensuring uniformity and cost efficiency using blockchain technology. The new blockchain-based system will rely on Ethereum smart contracts to automate the issuance of diplomas upon meeting certain criteria. Dubbed BlockMEDC, the new system will lean on decentralized file storage capabilities of distributed ledgers, sidestepping the challenges of traditional diploma issuance. The research team comprises experts from the Sultan Moulay Slimane University and the Mohammed First University. The joint team has found early success with the blockchain-based solution, filing a patent and…

Mercurity Fintech Holding Inc. has announced an $800 million financing plan to establish a long-term Bitcoin treasury reserve. The initiative marks a strategic shift for the blockchain-powered fintech group, which now aims to build a digital asset treasury supported by blockchain-native custody, staking, and tokenized management services. According to MFH, the reserve will be managed using institutional-grade custodial infrastructure and staking-enabled liquidity tools. The company plans to generate yield from its Bitcoin (BTC) holdings while enhancing balance sheet resilience and deepening alignment with decentralized finance protocols. CEO Shi Qiu said the initiative reflects a belief in Bitcoin’s future role in…

The Decentralized Finance (DeFi) space has recently witnessed a surge in activity, with protocols like Hyperliquid and Ethena gaining attention and proving successful. Despite their growth, many have questioned whether these protocols are truly decentralized. Are these successes a fluke or a sign of a larger shift in the DeFi space? Hyperliquid Proves Users Want DeFi But Not Complete Decentralization Hyperliquid, a prominent DeFi protocol, saw a remarkable 54% rise in its total value locked (TVL) within just one month in May. Its TVL jumped from $2.21 billion to $3.35 billion, signaling growing investor interest. This surge suggests that even…

Key Takeaways World Liberty’s advisor lost over $100,000 by shorting $TRUMP. The advisor utilized 10x leverage with 1 million USDC on Hyperliquid. A wallet believed to belong to Ogle, the pseudonymous crypto influencer and advisor to World Liberty Financial, has posted unrealized losses exceeding $100,000 after betting against the $TRUMP meme token, according to data tracked by Lookonchain. Looks like Trump’s World Liberty (@worldlibertyfi) is airdropping 47 $USD1 to every wallet that participated in the $WLFI sale.https://t.co/kbyhK9usHQ pic.twitter.com/YT8Y7IpfpU — Lookonchain (@lookonchain) June 4, 2025 Ogle reportedly opened a 10x leveraged short on $TRUMP at an entry price of $9.4, with…

As the Sui blockchain continues to mature, several projects within its ecosystem are starting to show breakout signs. With strong development activity and rising adoption, a few altcoins connected to SUI could be set for big moves. Here’s a look at three SUI ecosystem tokens that might have 10x potential in the next market cycle. SUI (SUI) The analyst started with the network’s native token. Even though SUI is only about two years old, it’s made good progress. The project keeps expanding its DeFi and NFT presence, with recent launches like Nautilus, a tool bringing privacy and tamper-proof oracles to…