Author: NBTC
Ethereum price has underperformed Bitcoin and other popular coins like Ripple and Solana this year. Ethereum (ETH) was trading at $3,400, down by nearly 20% from its highest level in December last year. This decline coincided with controversies surrounding the Ethereum Foundation and its token sales. ETH has also dropped as balances on exchanges have continued to rise, while the popular buy-sell ratio on Binance has remained bearish. Still, Ethereum has several catalysts that may push it to $5,000. Ethereum Pectra upgrade The first major catalyst for Ethereum’s price is the upcoming Pectra upgrade, which is expected to occur in…
US regulators have abruptly shut down a bank in Illinois in the first bank failure of 2025. The Federal Deposit Insurance Corporation (FDIC) says the Illinois Department of Financial and Professional Regulation (IDFPR) has closed Pulaski Savings Bank. The FDIC has been appointed as the receiver and has transferred all deposit accounts and most of the bank’s assets to Millennium Bank. The FDIC says it will have to pay about $28.5 million from its Deposit Insurance Fund to cover the cost of the failure, pointing to “suspected fraud” as the primary factor driving the expense. The agency has not provided…
Jupiter’s native token JUP fell 6% to $0.81 in the past 24 hours as the platform’s latest airdrop went live. The token has declined over 33% from its recent high of $1.20. The Solana-based decentralized exchange aggregator initiated its airdrop early Wednesday, distributing 700 million JUP tokens valued at $567 million to approximately 2 million eligible wallets. However, hours after the launch, users began reporting difficulties in claiming tokens. Addressing the issue on X, Jupiter wrote: “The pie is growing too fast. Claims are a little slow, but are still working. We’re being throttled by Web2 infrastructure providers, so requests…
President Donald Trump is preparing to pardon Ross Ulbricht, the founder of the infamous dark web marketplace Silk Road, according to sources close to the White House. A source with knowledge of the matter told The Post that a pardon is expected to be announced soon. Ulbricht’s pardon attorney, Brandon Sample, confirmed the possibility in an email, saying, “We expect President Trump to grant clemency.” Ulbricht, now 40, was arrested in San Francisco in 2013 and accused of operating the dark web platform Silk Road, which facilitated the sale of drugs and other illegal goods using Bitcoin as its primary…
Eden has announced a strategic partnership with PAIH to establish an innovative blockchain solution in Poland. This initiative aims to advance the growth and utility of blockchain and Web3 technologies in sectors, including agriculture, businesses, investment, and remittance services. This collaboration has the ability to provide significant advantages not just to Poland, but also to the entire European continent. Eden + PAIH = Strategic Government PartnershipBigger reach with access to 70 markets, $2.8B PFR power and connections driving serious growth.Represented Poland at CES 2025 in Vegas. More big things coming soon.🌍Buy $EDN on Pancake: https://t.co/IdgWlqpftF pic.twitter.com/bGStKB1NNn — Eden (@OurEden_io) January…
Bitcoin’s daily close above the $100k mark signals strong bullish sentiment, with a potential new ATH by the end of January. Key indicators, like Bitcoin staying above critical support levels, confirm an optimistic market outlook despite short-term volatility. Institutional interest, crypto adoption, and supply dynamics are key drivers behind Bitcoin’s rally, supporting its dominance in the digital asset market. Bitcoin has surged through the $100k barrier, and this is an interesting step in the BTC’s never-ending uptrend. The price closed the daily candle above this pivotal psychological level to resurrect expectation among trading and analysis experts wherein forecast confirmations suggest…
The tokens use sophisticated delta hedging market strategies to generate double-digit yields for investors. Yield-Focused Stablecoins Debut on Avalanche Defi platform Avant launched its yield-focused stablecoin pair AVUSD and SAVUSD on the Avalanche blockchain on Thursday. The tokens made their debut after a five-month whitelisting period where they generated a double-digit yield, according to a release provided to Bitcoin.com. The launch is part of a growing trend of defi-native stablecoins that exclusively use crypto assets as collateral to limit reliance on traditional finance (tradfi) infrastructure. They tend to leverage advanced financial techniques such as delta-neutral or delta hedging strategies to…
A widely followed trader and analyst is leaning bullish on Ethereum (ETH) amid bearish sentiment on the second-largest crypto asset by market cap. The analyst pseudonymously known as Credible Crypto tells his 459,300 followers on the social media platform X that Ethereum appears bullish on the monthly time frame despite the sentiment being bearish. “We don’t always get high time frame price action that is this clean and the only thing I like better than crystal clear high time frame price action is sentiment to be in the absolute gutter along with it. ETH is going to come back with…
President Donald Trump’s executive order to revamp the U.S. crypto landscape has sparked significant discussions. In a recent post on X, an FTX creditor urged the government to return funds seized from alleged hackers who exploited the FTX platform in November 2022. https://twitter.com/sunil_trades/status/1882553949129228796 The creditor pointed to a legal document accusing three individuals—Powell, Rohn, and Hernandez—of stealing $400 million from FTX during its bankruptcy. The value of the stolen digital assets has reportedly surged to approximately $1.5 billion, raising questions about the government’s handling of these funds. Bitcoin Leads in Government Holdings The FTX creditor’s post followed a highlight by…
LeBron, a high-profile crypto trader, has made headlines for his substantial trades in the $TRUMP token, with moves that have attracted both scrutiny and intrigue. Four days ago, LeBron sold a staggering 4.52 million $TRUMP tokens for $4.52 million in USDC, achieving an average price of $1 per token. However, the token price skyrocketed soon after, leaving him missing out on an additional $180 million in profits had he held onto his position. LeBron sold 4.52M $TRUMP($185M) for 4.52M $USDC at an average price of $1, cashing out too early and missing a $180M profit.2 hours ago, he spent 2.5M…