Author: NBTC

The Ethereum (ETH) price is currently forming a pennant pattern, according to crypto analyst Ali Martinez. In his recent post on X, he pointed to a pennant forming lower time frames, indicating a potential rise of over 4% toward $2,820. According to Ali Martinez, the most important support level for Ethereum is between $2,314 and $2,435, where 2.14 million addresses acquired 51.67 million $ETH, while the current target is $2,930. Ether in critical condition Ethereum has had one of the sharpest declines during the recent market correction, which cost Ether losing almost a third of its value in a matter…

A savvy Polymarket user walked away with almost $1 million after accurately predicting the exact words former President Donald Trump would—and would not say—during a high-profile X Spaces conversation with Elon Musk. Known as “bama124” on the decentralized betting platform, the user has built an impressive portfolio with a total position value of over $2.25 million after only joining Polymarket in July. This @Polymarket user walked away with close to $1m guessing correctly on what words @realDonaldTrump would or would not say during the @XSpaces with @elonmusk https://t.co/YQSogcy8ED pic.twitter.com/Xko3Bpg5w2 — Sam Reynolds (@thesamreynolds) August 13, 2024 Some of the markets…

Viral Telegram game Notcoin, in partnership with DeFi platform 1inch and on-chain attestation protocol Sign, announced Wednesday the launch of Triangle, a new accelerator program aimed at supporting developers building on the Telegram messaging platform and The Open Network (TON). Triangle seeks to bridge crypto and traditional technology, leveraging Telegram’s 900 million active users to drive mass adoption of crypto applications. It will offer “essential resources, guidance, and a community of experienced builders” to participants, per a press release. It will focus on areas including TON infrastructure, decentralized finance, and consumer applications bridging “Web2” and Web3. Mentors include executives from…

The media is buzzing about Trump’s recent endorsement of Bitcoin. Looking at Bitcoin Perception data (chart below), coverage of Bitcoin together with Trump has increased month-over-month since the start of the year, but last week saw quite a stir, since the endorsement seems to be amplifying an already existing anti-Bitcoin bias among some outlets. Image credit: Mainstream media coverage of Trump + Bitcoin has increased since the start of 2024. (Bitcoin Perception) Forbes, Fox, and CNBC covered Trump’s move as a positive step for U.S. energy security and economic strength. They highlight how Bitcoin mining could boost energy dominance and…

In the past week, Circle has injected nearly $1 billion in fresh liquidity into the Solana ecosystem. Stablecoin issuer Circle minted $250 million of its USDC token via its treasury wallet on Solana (SOL). As of this writing, USDC is the largest stablecoin offering on the SOL ecosystem. Circle’s dollar-pegged crypto comprises $2.35 billion out of $3.34 billion of stablecoins on Solana. Only Tether’s USDT, with its $774.65 million supply on SOL’s network, comes close. USDC has established itself as the unmatched stablecoin leader on Solana, with integrations on leading SOL-based platforms like the Phantom wallet. You might also like:…

At the 2024 Bitcoin Policy Summit, Nicaraguan pro-democracy activist Félix Maradiaga shared his insights on the severe challenges facing his country, which is under the autocratic rule of Daniel Ortega. According to Maradiaga, the Nicaraguan people are losing their freedoms at an alarming rate. “According to the Freedom in the World report, we have the very unfortunate label of being the country that over the last year has lost the most freedoms,” Maradiaga told Bitcoin Magazine. “Imagine a country in which you could go to prison for raising the national flag, for tweeting, for receiving a remittance from an international…

SushiSwap, one of the top DEXs on Binance Smart Chain, has created bad debt through its now-abandoned DeFi lending project, Kashi. Debt on Kashi Lending is still a problem, recent research by Defi Llama revealed. The protocol will not affect SushiSwap in any way, since it was abandoned. But the still-working smart contracts on Kashi Lending have been accruing bad debt, based on their predetermined interest rates. The permissionless lending protocol now carries a reported $100M in debt, which may never be repaid. DeFi Llama noted the current bad debt situation will not affect new traders, but may have destroyed…

2024 has been a key year for Ethereum (ETH), attracting institutional investors’ attention to its native token and ecosystem. Ether’s price, however, had a worse performance year-to-date (YTD) than competing cryptocurrencies like Bitcoin (BTC) and Solana (SOL), for example. Looking for insights into what is to come next year, Finbold asked Meta‘s artificial intelligence (AI) most advanced open-source model, Llama 3.1, for an Ethereum price prediction for 2025. As a bullish case, Meta AI predicts ETH will trade between $6,500 and $8,000 in 2025. Meanwhile, it is possible that Ethereum ranges between $1,800 and $2,500 in a bearish case. This…

Drop has officially launched its innovative cross-chain liquid staking protocol as a key member of the Lido Alliance. As an Integrated Application on Neutron, Drop is set to unlock liquidity for staked assets across the Interchain, addressing the long-standing issue of capital being tied up and unusable.—Drop Launches as a Pioneering Cross-Chain Liquid Staking ProtocolDrop, developed by former Lido DAO contributors and P2P, aims to enhance the economic potential of sovereign blockchain economies. By converting idle staked assets into active liquidity streams, Drop addresses the $15 billion worth of assets currently locked in native staking, which hampers growth and application…

Ethereum has been under intense scrutiny due to its recent price fluctuations and market performance. While facing a turbulent period marked by significant declines and market challenges showcasing the bearish trend, Ethereum has also shown signs of resilience and potential recovery that could lead to an opposite and more bullish trend. So, this article explores the latest developments in Ethereum, analyzing key market indicators for both potential trends and comparing its performance with that of Solana. Ethereum Mixed Signals: What To Expect For ETH Price? Ethereum Price Shows Bullish Signs: Are Whales Buying the Dip? Ethereum bullish trend was detected…