Author: NBTC

The open interest of Ethereum has recovered to its local highs, indicating a possible spike in volatility and a rise in purchasing power. With a significant increase over previous levels, the total open interest on Binance Futures is currently at 1.896 million. Since the number of open futures contracts is a good indicator of future price movements, this metric is very important. Based on the chart, ETH has been steadily declining for some time and is currently trading at $2,292. An increase in OI indicates that traders may be preparing for large price movements, which could manifest as a breakout…

As the cryptocurrency industry continues to evolve, its assets can offer massive profit opportunities for crypto traders carefully timing their transactions, as illustrated in the example of one such crypto investor making nearly $60,000 in mere hours trading meme coins. Specifically, this particular trader first spent 3,271 Toncoin (TON) worth $18,400 to buy 55.9 million Dogs (DOGS), a community-driven meme token representing a popular dog mascot originally created by Telegram founder Pavel Durov, according to the data shared by Lookonchain in an X post on August 26. Then, as the platform monitoring notable trades on the blockchain observed, this individual…

Hours after losing a long-running court case filed by U.S. prediction market platform Kalshi, regulators are making a hail Mary pass. Late Friday, the Commodity Futures Trading Commission filed an emergency motion asking a federal judge to grant a temporary stay of her decision in Kalshi’s favor. The stay would prevent Kalshi from listing election markets for at least 14 days. Last year, the CFTC forbade Kalshi from listing contracts betting on which party would control each house of Congress after the November election. Such contracts, the agency said, would amount to unlawful gaming and would be “contrary to the…

Russian President Vladimir Putin has endorsed into law the legalization of cryptocurrency mining in Russia, sparking dramatic gain for Bitcoin toward $60,000. Russian news agency TASS captured this latest regulation in a fresh publication. The report highlighted that the new legislation introduces several crucial concepts, including virtual currency mining, mining pools, and mining infrastructure operators. According to the report, Russia now recognizes mining activities as legitimate business activities rather than simply the issuance of digital currency. Guidelines for Crypto Mining in Russia The law also outlines specific guidelines for who can engage in cryptocurrency mining. Only Russian legal entities and…

In an interesting turn of events, it seems that BlackRock has become the only major ETF to have purchased Ethereum (ETH) recently, according to Arkham Intelligence. The world’s largest hedge fund now holds a substantial 336,058 ETH, which equates to a remarkable $763.95 million, according to their data. This revelation comes at a challenging time for Ethereum ETFs. The initial excitement surrounding these funds has been dampened by significant outflows. Since their debut in late July, spot Ethereum ETFs have seen nearly $480 million in outflows within their first 30 days of trading. These numbers show that people do not…

Nick Garcia highlights DePIN’s role in bringing blockchain utility to the masses through networks like Helium and Hivemapper. Helium’s decentralized wireless network gains traction, enabling global devices to connect freely, with major U.S. operators testing the network. In a tweet, Messari’s Nick Garcia emphasized his growing optimism that DePIN (Decentralized Physical Infrastructure Networks) will play an important role in bringing blockchain technology to the public and demonstrating how blockchains can provide sustained utility. Increasingly believe DePIN will onboard the masses and showcase how blockchains can provide utility in a sustainable manner. Take @helium — over 500,000 subscribers have leveraged the…

In what local media are calling the first operation of its kind, the Argentine judicial system ordered the seizure of nearly $28,600 in stablecoins from a criminal organization that used cryptocurrency to launder millions of dollars. The criminals obtained these funds from two main activities: phone smuggling and operating illegal online casinos. Argentine Justice Orders the First Seizure of Stablecoins in Money Laundering Case Law enforcement agencies are integrating cryptocurrency analysis and monitoring tools to enhance their awareness of crypto-related crimes. In what local media has called the first operation of its kind, the Argentine justice system has ordered the…

Thoma Bravo, managing approximately $160 billion in assets under management, has decided to permanently withdraw from the crypto market following its ill-fated investment in FTX, said Orlando Bravo, the head of the top private equity firm, in a recent interview with CNBC. Miami-based tech investor was part of a group of investors that led a $900 million investment in FTX in 2021, which valued the exchange at approximately $18 billion. The company invested roughly $130 million in FTX Trading, the operator and owner of FTX.com. However, Thoma Bravo, along with other investors, faced substantial losses following the collapse of FTX.…

Crypto fund Off The Chain Capital made more than a million dollar investment into medical data company OneMedNet so that it could buy bitcoin. The fund hopes to outperform the price of bitcoin through its investments by buying it for a discount through allocations like this. OneMedNet (ONMD) late last month raised $4.6 million in a private placement and used $1.8 million of the proceeds to purchase bitcoin (BTC), according to a press release. Among the investors was Off The Chain Capital, a crypto investment fund with ties to Bloq Chairman Matthew Roszak and Fortress founder Rob Kauffman, which purchased…

Este artículo también está disponible en español. Ethereum price is attempting a recovery wave above $2,280. ETH must clear the $2,360 resistance to continue higher in the near term. Ethereum is attempting a recovery wave from the $2,150 zone. The price is trading below $2,320 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance at $2,280 on the hourly chart of ETH/USD (data feed via Kraken). The pair must clear the $2,360 resistance to continue higher in the near term. Ethereum Price Faces Resistance Ethereum price attempted a recovery wave above…