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Author: NBTC

NBTC is the editorial account for NBTC News, covering Bitcoin, Ethereum, DeFi, blockchain infrastructure, exchanges, mining, regulation and digital asset markets. The editorial team focuses on clear sourcing, timely updates and practical context for crypto readers.

Bitcoin Falls 8%, Drops Below $62K Before Rebound

Bitcoin (BTC) and the broader cryptocurrency market fell nearly 10% on Saturday, with the price of the largest digital asset briefly falling below $62,000 before recovering to around $64,000 as of press time. It wasn't alone: other major digital assets saw similar falls over the past 24 hours, including ether (ETH), which fell 7% to just under $3,000, BNB (BNB) (down 9%) and solana (SOL) (down 12%), according to CoinGecko. Trading volume has risen over that same time period. The decentralized finance (DeFi) sector has been hit particularly hard as a result of the market chaos, with depressed prices forcing…

Bitcoin

Why Pendle and a New Selection of Scaling Projects are Outperforming Bitcoin (BTC)

Pendle is leading the way for a trend of DeFi 2.0, a new batch of networks building up its liquidity. Some projects in DeFi 2.0 are trending and often surpassing the growth of Bitcoin (BTC). DeFi 2.0 includes new L2 scaling networks, which have grown their infrastructure in the past few years. DeFi 2.0 designates multiple narratives, but recent analysis considers several representative projects. Pendle emerged as the rational leader in price growth, both in dollar terms and against BTC. Other projects in the DeFi 2.0 niche include Trader Joe (JOE), GameX (GMX), Instadapp (INST), Frax Share(FXS) and DyDx(DYDX). The…

DeFi

Bullish Momentum Drives Higher Gains

Ethereum price extended its increase above the $3,900 resistance. ETH is now consolidating near $3,880 and might continue to grind higher in the near term. Ethereum started another increase above the $3,850 resistance. The price is trading above $3,850 and the 100-hourly Simple Moving Average. There is a major bullish trend line forming with support at $3,860 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move up and test the $4,000 resistance zone in the near term. Ethereum Price Eyes $4,000 Ethereum price remained supported above the $3,650 support zone. ETH started another…

Ethereum

Hong Kong to reportedly test retail digital currency for mortgage pricing

Hong Kong is set to start another trial with retail e-HKD, this time for pricing and distributing mortgages. The Hong Kong Monetary Authority (HKMA) is gearing up to initiate another round of testing of its digital currency dubbed e-HKD, the South China Morning Post reports. This time, HKMA reportedly wants to pilot e-HKD with select participants in such mechanisms as pricing and distribution of mortgages in the region. The report says, citing HKMA, that with e-HKD, Hong Kong residents could potentially borrow from more than one lender at preferential rates and enjoy faster approval and disbursement. It’s unclear though whether…

Regulation

Cardano Investors Highlight Significance of Upcoming Chang Hard fork

Cardano community members are enthusiastic about the upcoming launch of the Chang hard fork, touting the upgrade as a game changer. The upcoming launch of Chang hard fork has taken center stage in the Cardano community. With the pivotal update expected to go live this quarter, prominent Cardano enthusiasts have taken to X to state that the upgrade would be a major game-changer for the network. Prominent Cardano community members, including Chris, ADA Whale, saint, and Ed n’ Stuff, shared this sentiment. I hear the Chang hard fork is going to be an absolute game changer for #Cardano. 🔥 https://t.co/r35P28slMb…

Altcoins

Pundit Highlights Only Factor Stopping Judge From Final Judgment

Pro-XRP pundit asserts that Magistrate Netburn’s decision regarding the motion to exclude Andrea Fox’s declaration is the only thing stopping Judge Torres from issuing her final verdict in the Ripple lawsuit. The broader XRP community has continued to endure a multi-year legal tussle between the SEC and Ripple that has negatively impacted the asset’s price. Despite the lawsuit lingering for over three years, there is no official date for its end. Only Factor Stopping Judge Torres’ Final Verdict With several experts projecting that the lawsuit could be resolved this year, prominent XRP community Ashley Prosper pointed out a particular factor…

Legal

Bitcoin Market Dominance Spikes to 55.77%

The impending Bitcoin halving has been increasing a lot of hype in the market. The market dominance of the top crypto token has reportedly surged above 55% in the last 24 hours, paving the way for an increased interest in $BTC. The reports point out that the liquidity of the biggest crypto has decreased significantly. However, altcoins are falling rapidly as BTC dominance is increasing. Market Cap Dominance of Bitcoin Touches 55% in the Recent 24 Hours Particularly, the cumulative liquidity of the token has dropped by almost fifty percent in the recent month. In addition to this, it has…

Bitcoin

Crypto Lending Firm Maple Finance Unveils Syrup Yield Platform and Rewards Token

Institutional crypto lending firm Maple Finance unveils its Syrup platform and rewards token. The new permissionless service aimed at DeFi users targets 15% yields sourced from fully collateralized loans to the largest institutions in the crypto space. Cryptocurrency lending firm Maple Finance has unveiled Syrup, a new loans platform and rewards token of the same name, aiming to bridge the gap between institutional-friendly yield-bearing digital assets and the permissionless world of decentralized finance (DeFi). Maple’s Syrup promises users yields of 15% by depositing Circle’s USDC stablecoin into the platform, for which those users receive LP tokens (syrupUSDC), with additional yield…

DeFi

Breaks Key Resistance, New All-Time Highs Next

Ethereum (ETH) is currently at the forefront of an impending market surge, as indicated by a significant technical breakout. According to crypto analyst Jelle, Ethereum has recently emerged from a bearish pattern particularly breaking out from the “falling wedge” and flipping key resistance into support zones. Jelle reveals that Ethereum is currently pushing for the $4,000 mark which makes the possibility of reaching new heights seems more tangible. This movement marks a significant turnaround from previous trends, setting the stage for potentially record-breaking price levels. The Bullish Shift: Ethereum Breakout from a Falling Wedge Explained Jelle’s recent observations come during…

Ethereum

Hong Kong Government Drives Virtual Asset Growth, Enhances Mainland Links!

Key Points: Deputy Financial Secretary Wong Wai-lun highlights the focus on virtual assets and fintech development to bolster Hong Kong’s financial sector. Collaboration with the Hong Kong Stock Exchange enhances interconnection with the Mainland, aiming for seamless investment opportunities. The partnership promotes diverse investment products and economic growth, positioning Hong Kong as a global financial leader. Hong Kong government has placed significant emphasis on promoting innovation within the financial sector, according to Deputy Financial Secretary Wong Wai-lun. A key aspect of this initiative includes advancing the development of virtual assets and financial technology, positioning Hong Kong as a leading financial…

Regulation