Author: NBTC

After staging a strong rally from below $2,100 in early May, the Ethereum price today is consolidating just under the $2,700 mark. This level has acted as a psychological barrier after ETH hit a high of $2,722, triggering slight intraday rejection. The recent Ethereum price spikes have brought ETH back into a longer-term descending resistance zone, making this a critical area for trend validation heading into May 15. What’s Happening With Ethereum’s Price? ETH/USD price dynamics (Source: TradingView) The daily and weekly charts show Ethereum reclaiming bullish control after breaking out of a multi-month falling wedge pattern. On the daily…

Robinhood’s zero-fee model fundamentally altered how millions approach investing. In a recent podcast with investor Raoul Pal, Robinhood co-founder Vlad Tenev recounted how the platform, drawing inspiration from tech giants like Instagram and Uber, reimagined finance as a mobile-first experience. This approach provided users with a fast and inexpensive way to access assets. This shift helped create the “retail trader” movement that exploded during the COVID-19 era. Since its crypto launch in 2018, Robinhood has grown into a major entry point for new traders. In 2020, it saw a dramatic surge in crypto revenue. Tenev said demand skyrocketed overnight. Raoul…

It was supposed to be a slam dunk. The American crypto industry, flush with more political capital than it has ever had (and perhaps will ever have), was to get its long-awaited “regulatory clarity” on stablecoins last week. And yet the Senate failed to pass a key procedural vote on the marquee stablecoin legislation. As the bill, dubbed the GENIUS Act, languishes in legislative purgatory, should it be considered functionally dead—or might there be hope yet for its passage? It depends who you ask. Technically speaking, according to the Senate’s rules, the window to file a motion to reconsider the…

According to new data shared by Nansen, a powerful multichain AI analytics platform, five blockchains have shown significant growth. The analysis includes Avalanche and BNB Chain, which saw notable increases in active addresses and transactions over the past seven days. The massive increase in the number of active addresses and transactions occurred on these platforms shows the growing demand for these blockchains. Top 5 chains by 7D growth in % change in transactions:1. Avalanche: +168%2. BNB Chain: +62%3. ZKsync: +39%4. Base: +32%5. Scroll: +29%Some expected, some not. Early activity often hides in plain sight. pic.twitter.com/pnm1xnFfKD — Nansen 🧭 (@nansen_ai) May…

Bitcoin is currently trading at $104,514, supported by a market capitalization of $2.07 trillion and a 24-hour trading volume of $26.48 billion. Its intraday price has fluctuated within a tight band between $103,133 and $104,841, signaling a period of short-term consolidation following a recent bullish rally. Bitcoin The hourly chart reveals that bitcoin has entered a choppy sideways range after peaking at $104,985. A sharp rejection from this level was followed by a bounce off the $103,000 support line, indicating active short-term demand. Despite this, the declining volume on red candles after the breakout suggests a weakening bullish momentum. Entry…

0x, a decentralized exchange infrastructure firm, announced the acquisition of rival Flood, a move the firm says will help it compete in the hyper competitive aggregation market. Decentralized exchanges — or DEXs — are a cornerstone of the DeFi ecosystem. They let blockchain users swap between assets without the need for an intermediary or middleman such as a centralized exchange. Aggregators like 0x’s act as a one-stop-shop for traders, searching all the DEXs out there to find the one that offers the most cost-efficient trades, for a small fee. Competition is fierce and often exists on razor-thin margins. It was…

With Ethereum conquering a three-month peak, recent analysis has highlighted changing social sentiments and near-term price outlook. Ethereum, the second-largest cryptocurrency by market cap, has stunned bears lately with its recovery. It has surged 6% and 42% in the past 24 hours and seven days, outperforming most high caliber assets in these timeframes. Interestingly, the rally is a contrarian play considering the recent prevalent bearish sentiments around the Ethereum ecosystem. Meanwhile, an analysis from the intelligence platform Santiment highlighted what things looked like sentiment-wise and possible price action. Noise Around Ethereum Tuning Down Ethereum’s poor start to the year has…

The United Arab Emirates (UAE) has announced a plan to invest $1.4 trillion into the United States over the next decade. This significant commitment, one of the largest foreign investments in US history, followed a high-level meeting between UAE President Mohammed bin Zayed Al Nahyan and US President Donald Trump. The funds will focus heavily on critical sectors such as artificial intelligence, semiconductors, and energy infrastructure, driving growth across American manufacturing and technological industries. Decade-Long Strategy for US Economic and Tech Advancement This $1.4 trillion investment by the UAE is not structured as a single transaction but as a decade-long…

Cryptocurrency analyst The DeFi Investor has shared his weekly watchlist highlighting the upcoming major developments. The prominent projects and dates this week are as follows: Ethereum (ETH): Ethereum’s highly anticipated Pectra upgrade will go live on May 7. The upgrade aims to improve the network’s performance and user experience. Sonic (S): The Sonic Summit event will begin on May 6. This summit could be important in terms of the project’s roadmap and ecosystem plans. Polkadot (DOT): Polkadot will soon launch the Polkadot app, which will allow users to stake, shop, and save from a single app. Hyperliquid (HYPE): The project’s…

Wall Street’s future is barreling toward the blockchain as a top SEC insider champions tokenization, signaling a transformative leap that could revolutionize financial markets forever. Tokenized Wall Street? SEC Insider Signals Massive Blockchain Shakeup Is Coming U.S. Securities and Exchange Commission (SEC) Commissioner Hester Peirce, speaking at the Crypto Task Force’s fourth roundtable in Washington D.C. on May 12, addressed the challenges and opportunities presented by the tokenization of traditional financial assets. Peirce, who leads the task force, said in her opening remarks that blockchain innovations fall within the SEC’s jurisdiction when used in traditional markets. She opined: Tokenization fits…