Author: NBTC

The price of Ethereum (ETH) remained largely unchanged on Wednesday morning European trading hours, hovering around $3,445 despite a solid first day for spot Ethereum exchange-traded funds (ETFs). The lukewarm price action comes even as the new investment vehicles in the U.S. attracted over $1 billion in trading volume on Tuesday. According to data from CoinGecko, Ethereum is trading at $3,445, down 0.5% over the last 24 hours and has seen $23.7 billion worth of trading volume. The 24-hour price range has seen ETH fluctuate between $3,403.72 and $3,534.98. Cryptocurrency market data provider Kaiko reported that despite spot Ethereum ETFs…

Donald Trump’s pledge for a weaker US dollar if re-elected could provide tailwinds for Bitcoin and other cryptocurrencies, though analysts caution that the relationship is complex and subject to various economic factors. According to a report from Bloomberg, the former president’s dollar policy marks a departure from the traditional strong dollar stance of past administrations, potentially creating a more favorable environment for alternative assets. As Trump’s campaign has emphasized concerns about dollar strength relative to currencies like the Chinese yuan and Japanese yen, the sign market has, in turn, shown signs of responsiveness. Bitcoin has rallied significantly alongside improvements in…

After her first full day on the campaign trail, Vice President Kamala Harris has apparently secured enough delegates to become the Democratic nominee, according to a survey from the Associated Press. While the pledged support is not official until delegates cast their votes next month, Harris said in a statement that she “look[s] forward to formally accepting the nomination soon.” The focus is now on who Harris will select as a running mate. The short list is reportedly made up of North Carolina Gov. Roy Cooper, Pennsylvania Gov. Josh Shapiro, Kentucky Gov. Andy Beshear and Arizona Sen. Mark Kelly. Transportation…

Bitcoin has observed a crash below the $58,000 level today. Here’s what could be a potential cause for it, according to on-chain data. Bitcoin Long-Term Holders Have Just Taken Large Profits As pointed out by an analyst in a CryptoQuant Quicktake post, the Bitcoin long-term holders harvested a large amount of profits during the latest price drawdown. The on-chain metric of interest here is the “Spent Output Profit Ratio” (SOPR), which basically tells about whether the BTC investors are selling/transferring their coins at a profit or loss. When the value of this indicator is greater than 1, it means the…

Solend, a Solana lending protocol has announced that it has rebranded as Save and relaunched on save.finance. In order to increase the financial possibilities accessible to Solana users, Save is growing with the launch of three additional products: an LST, an app for memecoins shorting, and a stablecoin. The lessons the Solend team has learnt over the last three years are summed up in Save. Having risen to become Solana’s top DeFi protocol, with a TVL of more over $1 billion. More than simply a name change, Save helps the project become more multifunctional and more accurately represents its place…

Ethereum’s price remains volatile, potential retracement to $2,882 if bearish. Large holders accumulated 112.9k ETH, surpassing ETF inflows. The crypto market witnessed a significant milestone as spot Ethereum began trading on Tuesday, following weeks of back-and-forth on registration statement edits. According to Sosovalue data, spot ETH ETFs recorded inflows within the first 24 hours of trading. While the ETF greenlight was expected to spark a bull run, the bears took over, pushing the price below $3.38K. Ethereum is down 1.98% in the past 24 hours, with the price trading at $3,455.30. Trading volume has increased by 2.8%. History repeats itself,…

Ethena shared plans to allocate a part of its $235 million USDT stablecoin collateral and $45 million surplus reserve in yield-generating real-world asset (RWA) offerings. BlackRock’s BUIDL fund pitched for a $34 million allocation, while Steakhouse Financial applied with a lending vault on Morpho Blue. Ethena, the protocol behind the $3.4 billion yield-generating “synthetic dollar” token USDe, is planning to invest a part of its reserves in tokenized real-world assets (RWA), and BlackRock’s BUIDL fund is among the first applicants to throw its hat in the ring. The protocol laid out plans in a July 16 governance post to allocate…

The political campaign rally of Donald Trump recently in the South Bronx, New York, has one of the attendees promoting “XRP is not a security.” XRP Not Security Advertised in Trump’s Campaign In a recent post, U.S.-based X user Craig Brittain called attention to this development that surfaced during Donald Trump’s campaign. The presented video was a coverage from Fox Business News. As supporters stood to listen to Trump’s present speech, many took out their phones to capture the session. As the video depicted, one of those present raised a placard bearing a caricature of Trump with the inscription “XRP…

The UAE Central Bank approved a framework for stablecoin regulation which allows only dirham-backed stablecoins to be used for payments. Cryptocurrency like Bitcoin and Ethereum will be restricted to trading, investment, and corporate treasury purposes while foreign stablecoins will only be permitted for purchasing specific virtual assets like NFTs. The new framework is set to commence in June 2025. The UAE Central Bank’s recent regulation on stablecoins is poised to reshape the way cryptocurrencies work in the country, bringing a structured framework for the use of digital currencies. Set to take effect in June 2025, this regulation will restrict the…

Bitcoin (BTC) has completed its ninth test of the $60,000 support level, hinting at a potential shift in the cryptocurrency’s trajectory. According to a crypto analyst, Bitcoin faces significant moves ahead and determining the direction of this momentum is crucial. BTC Retests $60,000 Support For The 9th Time In an X (formerly Twitter) post published on July 3, a crypto analyst identified as ‘Dana Crypto Trades’ declared that Bitcoin has successfully completed its ninth test for the $60,000 support region. A support level is a price threshold where assets tend to stop falling, signaling the potential for a bounce back…