Author: NBTC

Coinbase and Cumberland downplay reports of a decline in BTC market liquidity. Kaiko pointed to a notable drop in 2% BTC market depth on Coinbase in a report early this week. Trading conditions on Coinbase (COIN) remain stable, the Nasdaq-listed cryptocurrency exchange said on Tuesday, downplaying reports of a notable drop in the bitcoin (BTC) order book liquidity amid the U.S. SEC’s lawsuit against market maker Cumberland. “We have not seen a material change or decline in BTC-USD depth at 2% throughout Oct,” Coinbase’s spokesperson told CoinDesk in an email, responding to a recent report by Paris-based Kaiko, which said…

As Bitcoin’s volatile performance continues to make investors nervous, a new analysis has arrived from Ark Invest. ARK Invest, led by Cathie Wood, released its monthly report on September 13. Noting that Bitcoin experienced a major decline in August, Ark Invest stated that BTC failed to surpass its 200-day moving average and short-term investors’ cost price of $63,693 and $63,245, respectively. In the face of this poor performance, Ade Stating that Bitcoin could not make a significant leap after the sharp declines in August, ARK Invest analysts said that despite the declines, they are optimistic about the price due to…

A widely followed crypto analyst is issuing an alert about Ethereum (ETH), saying that the top altcoin appears to be forming a bearish pattern. In a new strategy session, crypto trader Justin Bennett tells his 113,200 followers on the social media platform X that the second largest digital asset by market cap could be forming a diamond reversal pattern that could land it below the $2,500 price tag if confirmed. “It’s not a pattern I trade, but ETH could be forming a diamond reversal pattern. The objective is $2,485 if it confirms with a close below support. Nothing is confirmed…

The shares of crypto-native companies are in the green after the price of Bitcoin, the flagship cryptocurrency, surpassed the $68,000 level. The shares of MicroStrategy (MSTR), the largest corporate holder of Bitcoin, are up by an impressive 6.6%. Coinbase (COIN), the leading U.S. cryptocurrency exchange, has added 5.4%. Marathon Digital (MARA) and Riot Platforms (RIOT), the biggest Bitcoin mining company, are also in the green (3.78% and 5.76%, respectively). The price of the flagship cryptocurrency reached an intraday high of $68,490 at 14:14 UTC on the Bitstamp exchange. This is the highest level that Bitcoin has touched since July 29.…

Ecosystem growth is observed for SUI – the total value locked in has increased by 150% to reach $958.57 million. There is increasing user activity, as can be seen by the increasing number of daily active addresses to 1.5 million and daily transactions to 4 million. The trading volume of DEX in the protocol has been at its maximum of $100 million, which indicates better liquidity and market conditions. SUI protocol has grown by a remarkable 143% of the past three weeks, largely due to the fundamental parameters. Although volatility is a common feature in the crypto markets, the current…

David Schwartz, CTO of Ripple, has weighed in on the ongoing hot debate surrounding the SEC’s appeal of its case against the San Francisco blockchain company. The debate arose after the financial watchdog reportedly missed the deadline to file an appeal, causing a huge controversy and leaving most XRP enthusiasts scratching their heads, trying to understand what happens next. The fact that the SEC had until noon yesterday to file an appeal with the Second Circuit Court of Appeals was confirmed by Schwartz, who noted that he is not exactly an expert on appellate procedure. At the same time, the…

Ethereum’s price has fluctuated under $2,800 for the past few weeks, and it is stuck in a consolidation phase. Despite several attempts, ETH has been unable to break through key resistance levels, leaving investors uncertain. Mixed signals from various technical indicators are adding to the ambiguity, making it difficult to predict whether Ethereum can climb back to $3,000 soon. Ethereum Is Losing Money Ethereum’s Network Unrealized Profit/Loss (NUPL) currently sits in the optimism zone, signaling improving market sentiment. This indicator tracks all holders’ total profit or loss relative to when they acquired their assets. The current levels reflect growing confidence…

Federal Reserve member Christopher Waller shared his views on the evolving landscape of decentralized finance (DeFi) and stablecoins, outlining both their potential benefits and associated risks. In a series of statements, Waller acknowledged the complementary nature of technological innovations in DeFi to traditional finance and said that appropriate regulations are needed to safely leverage these innovations. Waller noted that some of the services emerging through DeFi cannot be replicated by traditional finance, but the technological advances coming from DeFi are largely complementary. These innovations have the potential to enhance centralized financial markets and increase the value provided by financial intermediaries,…

Terraform Labs (TFL) on Wednesday revealed its plan to shut down its operations, products, and services if talks with third parties fail. The beleaguered company and its CEO Chris AMANI confirmed they received an order from a bankruptcy court to cease operations following a settlement with the SEC. In a post on social media platform X on September 25, Terraform Labs announced progress in talks with third parties to outsource some of its products and services. With confirmation from Terra CEO Chris Amani, the company’s products and services will be shut down on October 30, 2024. TFL hints that third-party…

FOX Business Journalist Eleanor Terrett reveals a new deadline for the U.S. SEC to file Form C regarding its appeal against Ripple. There has been speculation that the Second Circuit might dismiss the SEC’s appeal against Ripple. This speculation gained momentum after some experts pointed out that the securities agency missed the Form C filing deadline. SEC Form C Filing Notably, the SEC was required to file the Form C within 14 days after it notified the court of its appeal intentions. However, there has been a misunderstanding regarding the appropriate deadline for the Form C filing. Since the SEC…