Author: NBTC

Ethereum, valued at $468 billion, traded within an intraday range of $3,851 to $3,957.89 on Dec. 14, 2024, reflecting a 20.2% drop from its peak of $4,878.2 on Nov. 10, 2021. Ethereum The daily chart reflects ethereum’s ongoing consolidation, with a peak at $4,096.6 marking the recent high of an uptrend that began at $3,014.5. Key support sits at $3,600 to $3,700, while the $4,000 psychological level remains a significant resistance. The market is showing reduced bearish volume, with smaller bullish candles forming near $3,800, suggesting resilience despite slowing momentum. ETH/USD Daily chart on Dec. 14. On the 4-hour chart,…

Hex Trust, a key fully licensed platform offering custody for digital assets, has announced the extension of its collaboration with Stacks Asia Foundation. The continuation of the partnership with Stacks Asia Foundation denotes a landmark achievement to boost the Bitcoin economy. With this endeavor, Hex Trust particularly fortifies its reach across the Middle East and Asia. Hex Trust has a strong & established presence in Asia and the Middle East, holding regulatory licenses in Hong Kong, Singapore (IPA), & Dubai. Hex Trust’s partnership with Stacks Asia Foundation is also a major milestone in their push into the burgeoning Bitcoin ecosystem.…

Steve Witkoff, Trump’s Special Envoy, statement at MENA Trump’s team showed strong support for making rules that favor cryptocurrency growth. Countries and companies are turning to Bitcoin to protect against inflation and stabilize their finances. The Bitcoin MENA (Middle East and North Africa) conference in Abu Dhabi. Has recently got attention for its cutting-edge discussions on cryptocurrency especially Bitcoin and for the influential personalities. From prominent crypto figures like Binance’s CZ to Elon Musk were expected to attend and key members of Donald Trump’s inner circle. The event has become a platform for powerful endorsements of Bitcoin as the future…

In the ever-evolving world of NFTs, trends emerge and fade, communities thrive or dissolve, and what’s considered groundbreaking today might feel outdated tomorrow. CryptoPunks, once heralded as the pinnacle of NFT culture and a symbol of digital art history, now find themselves overshadowed by a fresh contender—Pudgy Penguins. This transition marks more than just a passing of the torch; it reflects a profound shift in the NFT ecosystem and how value is perceived in the space. The Rise of CryptoPunks: A Brief Recap CryptoPunks are undeniably iconic, pioneering NFTs that demonstrated the potential of blockchain-based art. Created in 2017 by…

Hedge funds have set a new record for shorts against Ethereum on the Chicago Mercantile Exchange (CME), driving these positions to an all-time high. This development comes as Ethereum struggles to maintain momentum above the $4,000 mark despite a strong influx of funds into spot ETFs and generally bullish market sentiment. Ethereum Faces Record Short Bets Despite Bullish ETF Inflows Over the last three weeks, Ethereum ETFs have recorded consistent inflows, amassing over $2 billion in new funds. According to SpotOnChain data, this streak included a record-breaking weekly inflow of $854 million, the highest since the product’s launch. These developments…

As more and more people look to the digital asset investment products field, Cardano (ADA) made a name for itself in last week’s inflows, standing out from the crowd in a very competitive landscape. According to CoinShares, funds flowing into digital asset ETFs reached $3.23 billion, marking its 10th consecutive week of growth. This brings the 2024 total to an impressive $44.5 billion — a number that is unmatched by previous years. While Bitcoin was the big winner with $2 billion in inflows, Ethereum kept up its steady pace. Ethereum-linked products brought in $1 billion for the seventh consecutive week,…

Core partners with BitGo to enable secure, scalable Bitcoin staking for institutional clients through Dual Staking technology. The collaboration establishes a milestone in Bitcoin DeFi by combining Core’s innovative staking model with BitGo’s custody services. The Core Foundation, the organization behind Core, the largest Bitcoin DeFi ecosystem, has announced a partnership with BitGo. For Bitcoin DeFi (BTCfi), this partnership marks a major turning point since BitGo becomes the first custodian providing institutional access to Core’s creative Dual Staking model. By means of this collaboration, institutional clients can generate scalable Bitcoin yields while preserving the security and trustlessness defining the Bitcoin…

Ethereum is making another attempt to break above the $4,000 level as it edges closer to its all-time highs. Despite its strong fundamentals, doubts linger in the market regarding Ethereum’s performance this cycle, with some expecting it to underperform amid stiff competition from other blockchain ecosystems. However, Ethereum’s recent price action suggests that it is building momentum, keeping investors on edge for a potential breakout. Top analyst Carl Runefelt recently shared a technical analysis, noting that Ethereum has encountered strong resistance near the $4,000 mark and is now consolidating within a symmetrical triangle on the hourly chart. This pattern often…

This is a segment from the Empire newsletter. To read full editions, subscribe. DAWN’s goal is lofty. All the best ones are. Aiming to enable regular consumers to serve each other broadband — and be rewarded for it with crypto — is similar to what Helium has done for mobile coverage over the past few years. DAWN is positioning itself as a decentralized protocol for gigabit-level internet access, as in, download speeds of over 1 gigabyte per second (1,000 megabytes per second). Helium hotspots, on the other hand, generally offer a 5G-grade service. There are technically no minimum and maximum…

This is a segment from the Empire newsletter. To read full editions, subscribe. Need some holiday cheer this Monday morning? Don’t worry, I’ve got you: Bitcoin at $120,000 could be a thing by Christmas. Or so Steven McClurg, Canary Capital CEO, thinks. “There’s a lot of appetite” for bitcoin and bitcoin ETFs, which could fuel the run, he added. I’m not going to sugarcoat it. That type of run looks tough right now. Over the weekend, bitcoin mostly sat below six figures, unable to take — and hold — $100k. But McClurg told me all of the work he’s done…