Author: NBTC

Bitcoin ($BTC) shook off volatility on Thursday as US stocks rebounded on the back of inflation-data relief. Key points: Bitcoin avoids a snap reaction to US personal consumption expenditures (PCE) inflation data, which reverses a local uptrend. Analysis remains wary of inflationary tendencies despite PCE conforming to expectations. Bitwise predicts that going forward, Bitcoin will become less sensitive to Fed interest-rate changes. PCE ends uptrend while staying above Fed inflation target Data from TradingView showed $BTC price action focusing on $64,500, broadly unchanged from the day prior. $BTC/USD one-hour chart. Source: Cointelegraph/TradingView The major risk-asset headwind from earlier in the…

Pendle has announced several enhancements to its trading platform, including the launch of its arbitrage tool with CrossEx. This new feature facilitates funding rate arbitrage through a streamlined two-click execution process. Additionally, the PT-$AUSD market is now live on Aave, potentially increasing liquidity and trading volume for users. You can view the full announcement here. What Happened The broader crypto market is currently showing mixed signals, with various assets experiencing fluctuations. Pendle’s new arbitrage tool could be seen as a timely response to traders looking for efficient ways to optimize their strategies amidst this uncertainty. By integrating with CrossEx and…

An anonymous whale, believed to be an institutional investor, has transferred 52,739 $ETH — worth approximately $129 million — to six centralized exchanges, including Binance and OKX, over the past two days. The movement was flagged by on-chain analyst EmberCN, who noted that the address still holds 101,561 $ETH, valued at around $249 million. On-Chain Data Reveals Wallet History According to EmberCN, the whale’s holdings were originally withdrawn from Coinbase at an average price of $1,700 between 2021 and 2022. The funds were then deposited into Ethereum staking in 2023 and later unstaked in January of the previous year. Over…

India’s crypto sector presents an unusual contradiction: adoption is accelerating even as taxation and compliance rules continue creating significant friction for traders. Market research and business consulting firm IMARC estimates the Indian crypto market could expand from about $3.04 billion in 2025 to $14.21 billion by 2034. Source: IMARC That represents roughly 4.7 times the estimated 2025 market size. However, it does not mean Indians are simply expected to buy five times more cryptocurrency. The forecast covers a broader ecosystem including exchanges, payments, remittances, wallets, blockchain software, infrastructure, and transaction services. Consequently, the central question is not whether crypto trading…

Venmo is rolling out Venmo $PYUSD support for its user base, giving more than 67 million account holders the ability to buy, sell, and send the PayPal-backed stablecoin directly inside the app. The update, reported by Coinfomania, arrives at a moment when the broader crypto market is sending mixed signals, and it marks one of the largest single expansions of stablecoin access inside a mainstream U.S. payments app to date. Key takeaways Venmo now supports $PYUSD, letting eligible users buy, sell, and send the stablecoin from within the app. More than 67 million Venmo users have access to the feature,…

Publicly traded AI operating system Vida Global (NYSE American: VIDA) has said it has started paying employees in Bitcoin using the Lightning network — but in a way where the company does not have the leading crypto on its balance sheet. The Austin, Texas-based company said Thursday that after a worker in Argentina asked to be paid in Bitcoin, the firm tapped Bitcoin infrastructure company Voltage to make the transaction. But the company is not keeping Bitcoin on its books: it simply sends the cash amount via Voltage’s platform, the employees receive payment in Bitcoin, and Vida’s balance sheet remains…

Aave has launched an exciting new incentive program for $USDC borrowers in its V4 Core Hub. Users can now borrow $USDC against available collateral and earn 2% back in rewards. This initiative is expected to enhance user engagement and liquidity within the Aave ecosystem, as highlighted in a recent tweet from @aave source. What Happened The broader crypto market is experiencing mixed signals, with varying momentum across major assets. Aave’s latest incentive for $USDC borrowers is timely given the current market dynamics, as it encourages users to engage more with decentralized finance. This move could significantly impact liquidity in the…

Ethereum $ETH has fallen roughly 0.8% over the past 24 hours to around $2,450 on Aug. 31, holding above $2,400 after another attempt to stay above $2,500 failed. CoinGecko data showed $ETH briefly pushing above $2,520 before falling towards $2,410 and recovering into the $2,430s. The latest drop leaves the token down roughly 0.6% over seven days, although it remains up 27.2% over 14 days and 29.4% over the past month. Selling around $2,500 has repeatedly stopped Ethereum from extending its August gains. $ETH traded near $1,918 on Aug. 18 before breaking sharply higher, leaving traders with sizeable short-term profits…

Mizuho Securities has reduced its price target on BitGo (BTGO), the Nasdaq-listed cryptocurrency custody firm, to $11 from the previous $14, while keeping an outperform rating on the stock. The adjustment reflects a recalibrated outlook amid shifting regulatory dynamics in the U.S. digital asset market. Regulatory Landscape and Market Context The revised price target comes as analysts at Mizuho weigh the potential impact of the Clarity Act, a piece of legislation aimed at providing clearer regulatory guidelines for digital assets. According to a report by The Block, Mizuho analysts believe that a delay in the passage of the Clarity Act…

Chainlink’s native asset (LINK) posted a 22.05% gain over the past week, reaching $11.45 at the close of trading. The “Chainlink for Agents” platform launched in mid-August to facilitate autonomous payments for artificial intelligence systems. Project representatives presented a smart contract architecture before the CFTC designed to safeguard financial markets against algorithmic manipulation. Over the past seven days, Chainlink rallied 22%. This significant upward move coincides with the firm’s operational expansion into the autonomous agent sector and a stronger presence in regulatory discussions across the United States. The token’s price climbed to reach $11.45 at the close of the week.…