Author: NBTC

Ethereum’s exchange reserve increased by 163K ETH in the past five days. Ethereum has added over 4 million new holders in the past three months. Ethereum could bounce near $2,400 support after moving average resistance. Ethereum (ETH) is down over 2% on Tuesday following an indication of selling pressure due to an uptick in its exchange reserve. However, other on-chain metrics indicate mixed investor sentiment amid ETH’s price consolidation. Daily digest market movers: ETH rising exchange reserve, new holders uptrend Since August 29, Ethereum’s exchange reserve has switched from a downtrend to an uptrend. Exchange reserve is the total amount…

Recent legal proceedings involving former FTX executive Ryan Salame highlight a tense dynamic between plea agreements and ongoing investigations. Salame’s claims of government misconduct have sparked litigation, particularly concerning potential future indictments of his partner, Michelle Bond. In a significant turn, prosecutors firmly rejected Salame’s assertions, emphasizing that no promises were made about impacting Bond’s legal situation. This article delves into the complex legal landscape surrounding Ryan Salame’s plea agreement and its ramifications for Michelle Bond, amid allegations of misconduct and unlicensed operations. The Plea Agreement and Its Fallout U.S. prosecutors have firmly stated that they did not breach any…

Crypto analyst Benjamin Cowen recently discussed the impact of the death cross indicator, which has appeared again on Bitcoin’s chart. Thanks to this indicator, the $62,000 price level has become crucial to Bitcoin avoiding another price crash. Cowen noted in a video posted on his YouTube channel that Bitcoin is at risk of dropping lower if it fails to hold above $62,000 heading into the Death Cross. Bitcoin had rallied to as high as $62,000 after recovering from its price crash below $50,000 on August 5. The rise to $62,000 brought about the Death Cross, which now threatens lower prices…

API3 unveiled a new generation of solutions designed to make decentralized finance faster, more efficient, and more sustainable. API3 is focusing on improving the infrastructure behind DeFi to ensure long-term growth and better performance for developers. It is rolling out its latest technology aimed at improving how DeFi protocols access real-world data, according to a press release shared with crypto.news. With DeFi growing rapidly, API3 (API3) is working to make data feeds more efficient and valuable for developers. Oracles are crucial to DeFi because they bring important data, like prices, onto blockchains. However, traditional oracle services mainly focus on delivering…

MetaMafia has announced a new partnership with Orbler. MetaMafia revealed this news through their official X account. This collaboration marks an exciting development for both companies. This collaboration aims to enhance the NFT experience for enthusiasts and innovators in the digital asset space. 📣 Orbler x META MAFIA Partnership! ✨With @ProjectMAFIANFT, we’re creating a platform for NFT enthusiasts to explore and maximize the value of digital assets, driving innovation and trust in the NFT space! 🌐#Blockchain #Web3 #NFT pic.twitter.com/O8e1wXBwVE — Orbler (@Orbler1) September 5, 2024 Orbler Bridges Web2 and Web3 with Innovative Marketing Tools Orbler is a new generation of…

Este artículo también está disponible en español. Ethereum price dived below the $2,420 and $2,400 support levels. ETH tested $2,300 and is now showing signs of a decent recovery wave. Ethereum is attempting a recovery wave from the $2,300 zone. The price is trading below $2,500 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $2,440 on the hourly chart of ETH/USD (data feed via Kraken). The pair must clear the $2,500 resistance to start a steady increase in the near term. Ethereum Price Dips Again Ethereum price extended losses below the…

Investors holding 50 million, 100 million, or 500 million Shiba Inu tokens will record significant gains if SHIB surges to a lofty target of $0.000528. The broader market collapse has continued to have a bearish impact on Shiba Inu’s (SHIB) performance, triggering a massive fall below the $0.000015 threshold. At press time, SHIB trades at $0.00001466 per token, representing a decline of 6.3% over the past 24 hours. Similarly, SHIB has witnessed a decrease of 14.65% in the weekly charts. Additionally, the dog-themed token has plunged 10.9% since the beginning of August 2024. Shiba Inu’s bearish performance in August follows…

Yet another blow for SEC in Coinbase vs SEC case, the lack of clear crypto regulations in the United States has created an unending war between the Securities and Exchange Commission (SEC) and established web3 firms led by Coinbase Global Inc. (NASDAQ: COIN). Although the topic of digital assets has been cited as a major issue in the upcoming US general election, the current administration has not enacted clear crypto regulations. Did tables turn towards Coinbase, we have found it out! Coinbase CLO Thanks the Court Recently via X post, Paul Grewal, Chief Legal Officer at Coinbase, has shared an…

Justin Sun had transferred a notable 500 BTC worth $30.3 million to a Binance deposit. Since 2024, Justin Sun has deposited a massive 2,969 BTC worth $164 million to HTX and Binance. Experts suggest that BTC is in an uptrend as it is moving above the 200 EMA. Bitcoin (BTC) the world’s biggest cryptocurrency has maintained its position above the $60,000 level for four consecutive trading days and is currently consolidating within a tight range. Amid this consolidation, Justin Sun the founder of HTX and TRON has gathered widespread attention due to his significant BTC transfer to Binance. Justin Sun…

When NFT marketplace OpenSea announced last week that it anticipates a lawsuit from the U.S. Securities and Exchange Commission (SEC), bells of panic rang far and wide through the cryptosphere. The U.S. government was opening up a major new front in its war on crypto: It was finally coming for the heart of the NFT market. But what does the development actually mean? Is every major NFT project now about to be labeled an illegal, unregistered security as some fear? Or might only particularly cash-grabby projects be at risk of legal scrutiny? While it may be some time before the…