Author: NBTC

Ethereum price is attempting a recovery wave above $2,380. ETH must clear the $2,440 resistance to continue higher in the near term. Ethereum is attempting a recovery wave from the $2,350 zone. The price is trading below $2,440 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $2,400 on the hourly chart of ETH/USD (data feed via Kraken). The pair must clear the $2,440 resistance to continue higher in the near term. Ethereum Price Faces Resistance Ethereum price attempted a recovery wave above the $2,440 level. However, ETH failed to clear the…

PayPal’s PYUSD reached $1 billion in supply, per CoinMarketCap data. The stablecoin benefited from its expansion to the bustling Solana ecosystem, with its supply on the network already surpassing that on the Ethereum blockchain. Yield incentives on DeFi protocols played a “huge role” in the growth, 21.co’s Tom Wan said. Payments giant PayPal’s (PYPL) stablecoin PYUSD surpassed the $1 billion mark in market capitalization last week, CoinMarketCap shows. Issued in conjunction with fintech company Paxos, PYUSD achieved this milestone as it more than doubled its supply since June. Despite the broader crypto markets cooling off during the summer doldrums, PYUSD…

Hamster Kombat will launch HMSTR on September 26, rewarding players with an on-chain token on The Open Network (TON) after they’ve spent months racking up coins in the Telegram crypto game. But the airdrop for each player will be based on more than just coin earnings. Another factor that will play into allocations, according to the Airdrop menu in the game, is how many keys you’ve earned from playing the mini-game puzzle—as well as the growing selection of partner games in the Playground. Each game has a special Hamster Kombat promotion that will reward you with a key for playing.…

“Black Monday.” That is what the broader market termed Bitcoin’s (BTC) price correction from $58,000 to $49,000 on August 5. For experienced players who have seen the bull and bear of different cycles, that incident was not surprising. While the event caused a plethora of large-scale liquidations, participants may wonder whether that was the worst one-day correction. This on-chain analysis gives more context to this thought. Bitcoin Not Overvalued Yet, Future Gains Possible To answer this question, BeInCrypto looks at key metrics that have repeatedly been recognized as crucial to BTC. One of them is the Market Value to Realized…

Ethereum (ETH) has underperformed since its shift to the proof-of-stake (PoS) consensus model two years ago. According to The Block, citing a report from CryptoQuant, Ethereum’s performance has been 44% lower than Bitcoin’s since the merge. CryptoQuant’s senior analyst, Julio Moreno, explained that Ethereum’s decline isn’t limited to Bitcoin comparisons; it has also lagged behind altcoins like Solana and BNB. Moreno pointed out that Ethereum’s current price remains above the undervalued range, suggesting that the ETH/BTC ratio might need to drop by 50% before ETH enters this territory. Consequently, further price decreases are possible. The underperformance has been attributed to…

A new study by the University of Mosul details how IOTA improves security for smart homes to protect Internet of Things (IoT) devices from cyberattacks. The study proposes a new lightweight authentication model based on IOTA’s Tangle for an IoT-based smart house monitoring system. We’re living in the era of the Internet of Things, with over 17 billion IoT devices today, a number that’s expected to double by the end of the decade. As the devices surge, so does the danger lurking from cyber criminals, and according to a new study, IOTA offers the best security for this sector. Today,…

Bitcoin exchange-traded funds recorded net inflows of $45.6 million on Wednesday. Unsurprisingly, BlackRock’s IBIT is in the lead with $53 million worth of inflows. WisdomTree’s ETF is in a distant second place with $10.5 million. Grayscale’s Bitcoin Mini Trust ETF comes in third place with $9.7 million. These inflows were able to offset the $30.6 million worth of inflows recorded by Grayscale. Meanwhile, Bitcoin is currency trading at $57,159, up 0.4% over the past 24 hours. Earlier this month, the cryptocurrency endured a massive crash in tandem with global stock markets. On Aug. 5, it collapsed to $49,577, the lowest…

Ethereum has underperformed key assets within and outside the crypto market. Ethereum is an innovation at the level of human civilization but is mispriced due to lack of killer applications, says F2pool co-founder. Ethereum could decline toward $2,111 if it fails to reclaim the $2,400 support level. Ethereum (ETH) is down 2% on Thursday following a key analysis showing the top altcoin has underperformed assets, including Bitcoin, Solana, Nvidia, Meta, Apple, Gold and others. CryptoQuant analysts and the F2pool co-founder weigh in on why ETH has underperformed and what investors should expect. Daily digest market movers: Is Ethereum underperforming or…

The recent surge in Sundog token’s price has left one trader likely regretting their decision to sell too soon. According to blockchain security and intelligence platform Arkham, the trader initially invested $65 in SUNDOG (SUNDOG) as the meme coin launched on the SunPump platform. However, just 20 minutes into the token’s market debut, the trader sold their holdings for a profit of $495. In a post on X on Aug. 26, Arkham discussed the missed opportunity, notin how a $65 investment turned into $495 profit within 20 minutes. But, it could have grown to a $2 million profit if held…

VeChain’s communications lead, Jake C., has clarified a recent U.S. patent approval for a security management system initially believed to be associated with VeChain. VeChain strengthened its market presence in 2024, enhancing its role in supply chain management and increasing the adoption of its blockchain solutions. A recent U.S. patent approval involving a key security management system has sparked discussion in the blockchain community due to its association with VeChain. The patent, U.S. Patent 12,058,252 B2, was granted in early August 2024 and is attributed to NanoJClean, an offshoot of VeChain operating in China. Moreover, crypto community members hyped the…