Author: NBTC

After weeks of appearing to consolidate, Bitcoin (BTC) aims to establish its price above the crucial resistance level of $70,000. Indeed, if the crypto manages to sustain the current bullish momentum, the market anticipates that it will rally to a new record high, possibly above $100,000. Consequently, crypto trading expert TradingShot noted in a TradingView post on May 23 that Bitcoin is forecasted to enter a new rally phase following a period of consolidation post-halving. This development aligns with historical patterns in previous Bitcoin cycles, signaling a potential surge towards $150,000. For instance, TradingShot noted the consistent occurrence of a…

The recent win of Ethereum over the U.S. Securities and Exchange Commission (SEC) has pushed ETH up by 4.9% over the past 24 hours. Taking advantage of that, a smart whale bought several tens of millions worth of ETH right after this victory was announced and withdrew them from Binance. Big whale buys large ETH stash As reported by the @spotonchain analytics X account, an anonymous large cryptocurrency whale transferred 16,604 ETH (worth an impressive $58.6 million) from the world’s largest crypto trading platform, Binance, over the past 19 days. The whale accumulated all of this Ethereum at an average…

ZKX, the pioneering Social Perpetual Trading DEX on Starknet and Ethereum, has successfully raised $7.6 million in total funding. This includes a recent seed round of $6.3 million with contributions from Flowdesk, GCR, and DeWhales. Previous investors include Hashkey, Amber Group, Crypto.com, and StarkWare.—This capital will accelerate the development of the ZKX Protocol, enabling new features like social copy trade pools and cross-chain interoperability. The protocol aims to make perpetual swaps engaging and accessible, offering gamified trading battles of perpetual futures with scalable and high-speed APIs via its appchain.ZKX has launched its native token, $ZKX, now available on KuCoin, Gate.io,…

A closely followed crypto analyst says that Bitcoin (BTC) is no longer in the “danger zone,” when there is a likelihood of a dip below its range low. Pseudonymous trader Rekt Capital tells his 472,200 followers on the social media platform X that while the “danger zone” has passed, Bitcoin could still dip about 13% from its current value. Based on past cycles, Bitcoin enters the “danger zone” after a halving event, when miners’ rewards are halved, and declines significantly, according to the analyst. After the “danger zone,” Bitcoin historically enters a “post-halving reaccumulation” phase when it trades sideways within…

In a bold prediction, Matthew Sigel, Head of Digital Assets Research at VanEck, says Ethereum’s (ETH) price could reach $22,000 by 2030. Sigel’s projections coincide with a recent market rebound, which saw the price of Ethereum moving back to the $3,500 territory. Matthew Sigel adds twist to Ethereum forecast Sigel’s bullish prediction was released in VanEck’s groundbreaking ETH 2030 report. According to the details, VanEck set a $154,000 bull case, a $22,000 base case and a $340 bear case for Ethereum. While unpacking the report in a Bankless interview, Sigel highlighted that Ethereum must achieve a 70% market share of…

Today, enjoy Empire on Blockworks.co. Tomorrow, get the news delivered directly to your inbox. Subscribe to the Empire newsletter. The value of tokenized US Treasury products has skyrocketed 1,000% since the start of this year, a Coinbase report revealed. I think we can all agree that’s a crazy statistic, though maybe not that surprising. The two big giants in this space right now are heavyweights, to say the least. You’ve got Franklin Templeton’s onchain government security fund and then you have BlackRock’s BUIDL. These tokenized products — which include the aforementioned funds — have reached a market cap of $1.29…

Key Points: LayerZero targets genuine users for airdropping. Low-value transactions are deweighted by 80% to fight spam. Bryan Pellegrino officially outlined LayerZero airdrop eligibility, focusing on genuine users. Transactions under $1 and ‘valueless NFTs’ are deweighted by 80%. LayerZero Airdrop Eligibility: Poor Transactions Deweighted By 80% Recently, LayerZero’s CEO announced the company’s eligibility approach where it is focusing on airdropping genuine and committed users. This view, according to the CEO, comes from looking at the results of the ongoing Sybil process. Of the initial six million wallets, three million—that have sent less than five transactions in their lifetime—are under deliberation.…

India’s Financial Intelligence Unit imposes $2.2 million fine in Binance. The anti-money laundering unit approved Binance in May, conditional to penalty payment. Binance, the world’s largest cryptocurrency exchange, has been fined approximately $2.2 million (18.82 crore INR) for providing services to Indian clients without adhering to the nation’s anti-money laundering rules, India’s anti-money laundering unit announced Thursday. Binance and several other offshore cryptocurrency exchanges were issued showcause notices by Indian authorities and subsequently removed from India for “operating illegally” in January 2024. However, Binance became the first offshore crypto-related entity, along with KuCoin, to be approved by India’s Financial Intelligence…

Bitcoin’s price is on the verge of making a new all-time high after skyrocketing beyond the $70,000 line earlier this wee, and market participants are wondering how much further BTC will rally. Yet, there is still one obstacle remaining as the asset has retraced below that level. By TradingRage The Daily Chart On the daily chart, BTC has been rallying since its rebound from the $60K support level. It has recently been tested and rejected from the higher boundary of the large descending channel. Currently, the price is being supported by the $69K level. If the line holds, bitcoin can…

Prospective issuers of spot Ethereum exchange-traded funds (ETFs) are working to address the U.S. Securities and Exchange Commission’s (SEC) comments on their S-1 forms, with the deadline set for this Friday. Ethereum ETF Issuers Aim to Address SEC Comments by Friday These issuers received feedback from the SEC last week and are now re-filing their forms to meet regulatory requirements, according to two sources. Although the SEC approved 19b-4 forms for these ETFs in May, S-1 forms still need to be finalized before trading can begin. This process, which has no strict deadline, involves multiple rounds of revisions based on…