Author: NBTC

The global demand for Tether’s $USDT stablecoin appears to be holding steady, even as the token faces delistings from cryptocurrency platforms within the European Union following the implementation of the Markets in Crypto-Assets (MiCA) framework. Despite regulatory pressure in one of the world’s major economic blocs, market data suggests that the stablecoin’s utility and adoption remain resilient, particularly in emerging economies where it serves as a critical financial tool. MiCA’s Impact on $USDT: A Closer Look MiCA, which came into full effect in December 2024, introduced comprehensive regulatory requirements for crypto-asset issuers and service providers operating in the EU. Under…

Bloomberg Intelligence senior ETF analyst Eric Balchunas said on Aug. 2 that the Coldcard security failure strengthens the case for U.S. spot Bitcoin ETFs, especially for investors who want long-term price exposure without managing private keys. His comments followed Galaxy Research’s estimate that three suspected attack waves drained 1,367.05 $BTC, worth about $88.6 million, from 4,585 addresses. Balchunas wrote, “Yes, an ETF fixes this,” while noting that some self-custody advocates dismiss the funds as “paper bitcoin.” That is his view on custody, not evidence that investors have moved money into ETFs because of the incident. U.S. markets were closed when…

Ethereum saw one of its biggest weekly moves in years after staging an impressive 30% rally. The altcoin crossed $2,500 briefly, then slipped back slightly below that level. New data shared by crypto analyst Ali Martinez suggests that $ETH could be on a path toward $5,000 if it clears a major resistance zone. Growing Buying Pressure On August 19, Ethereum’s MVRV Ratio formed a golden cross above its 160-day moving average. Martinez also pointed to stronger whale accumulation. The number of addresses holding more than 10,000 $ETH has increased by 1.74%. In fact, 17 new whale addresses joined the network…

$XRP is on course for its strongest monthly gain in more than a year after recovering from below $1, even as a fresh pullback and heavy whale activity test the durability of the rally. CryptoSlate’s data shows the token trading near $1.40 as of press time, down about 5% over the past 24 hours, after climbing as high as $1.70 during last week’s broader crypto market surge. This price performance contrasts with the fact that $XRP is on track for a roughly 32% gain in August, per CryptoRank’s data. This would mark its best monthly performance since July 2025, when…

Bitcoin is pulling back after a strong July, and one analyst says the current dip could still be corrective rather than the start of the next major decline in this bear market. July’s expected seasonal rally played out, hitting resistance near $66,200 now. Historically, July tends to be the strongest month of a bear market year, averaging around 10% gains, while August has historically been one of the weakest. Bitcoin’s move into the $66,200 to $76,600 resistance zone followed that seasonal pattern closely before getting rejected. Where Support Sits Now Bitcoin’s support zone currently sits between $59,317 and $62,530, per…

A newly merged Ethereum proposal would retire the network’s 512-validator sync committee, remove its rewards, and make the current Altair light-client interface obsolete by replacing it with offchain zero-knowledge proofs. The Draft EIP-8390 estimates that deleting the committee’s reward weight would reduce annual consensus issuance by roughly 33,800 $ETH. Ethereum would give up an in-protocol mechanism that lets lightweight clients follow the beacon chain before the proposed replacement proving service, migration interface, and economic support have been specified. A sync committee is a 512-validator sample whose messages give light clients a compact way to track Ethereum without processing the full…

An old video of JD Vance resurfaced this week in which the then-senator asks a question Washington usually treats as settled: Is issuing the world’s reserve currency actually good for the United States? The dollar allows Americans to buy imports cheaply, he observed, while the same strength makes domestic production less competitive. Reserve status looks like a prize until you examine the bill. Economist Robert Triffin identified the underlying conflict more than sixty years ago. A national currency cannot indefinitely serve both its own economy and the world’s demand for reserves without forcing its issuer into choices that eventually undermine…

The $XRP community is discussing a hidden detail in the registration documents for the Cryptex Digital Market Cap ETF filed with the SEC. Attorney Bill Morgan discovered wording in the text suggesting that Ripple may increase the amount of $XRP released onto the market. However, there is another theory: the wording does not refer to disrupting the escrow system but rather to changing the distribution of already unlocked tokens if the CLARITY Act is passed. The Cryptex Digital Market Cap ETF documents, in which $XRP has a 4.88% allocation, state that if regulatory clarity emerges in the U.S., Ripple may…

The US Securities and Exchange Commission (SEC) faces an Aug. 20 deadline to submit a plan for distributing a $123.1 million fund paid by Jump Crypto subsidiary Tai Mo Shan to investors harmed by Terra’s 2022 collapse. The proposal is expected to determine who qualifies for compensation, how losses will be calculated, whether investors must submit claims, and how eventual payments will be made. An SEC order issued in February gave staff until Aug. 20 to submit the proposed distribution plan after granting additional time to develop the methodology and coordinate with recoveries stemming from separate Terraform Labs litigation. The…

The crypto market has stayed under pressure as capital steadily drains out of the space, and total market capitalization for digital assets now hovers near $2.17 trillion while valuations struggle to find a floor. Fragile economic conditions and the prospect of fresh action from the Federal Reserve remain a key threat to the outlook, and either one could weigh further on price performance across the board. Rate hike could be next Crypto analyst Benjamin Cowen expects the U.S. 10-year Treasury yield to keep gaining strength and sees a high chance of it reclaiming the 5% mark in the near term.…