Author: NBTC

Ethereum is testing resistance as a TD Sequential sell signal and a broader corrective structure raise the risk of another decline. $ETH could first sweep liquidity above recent highs, but failure to hold the move may expose $1,770, $1,700 and eventually $1,505. Ethereum Sell Signal Raises Risk of Drop Toward $1,700 Ethereum is testing the upper boundary of its price channel as the TD Sequential indicator flashes a sell signal, according to analyst Ali Charts. The overlap of technical resistance and weakening momentum increases the risk of a short-term pullback. The channel top acts as resistance because previous advances have…

In recent days, there have been signs of a reevaluation. The Roundhill Memory ETF has fallen roughly 25% from its June 22 record high, while VanEck Semiconductor ETF has dropped 12%. Bitcoin, which dipped below $58,000 on July 1, is back trading above $61,000. The AI-related selling pressure accelerated on Wednesday after Bloomberg reported that Meta Platforms (META) is creating a business unit called Meta Compute, which will sell excess GPU (graphic processing unit) computing capacity to third parties. The news rattled companies that have benefited from the AI compute boom, particularly “neocloud” providers that lease GPU infrastructure to AI…

Blockchain investigator ZachXBT said several meme coins used his likeness across multiple chains during the past week. He said he did not promote, support, or launch any of the tokens. The investigator posted the update on his Telegram channel after traders created ZACHXBT-themed tokens tied to his public name. “I have always stated I will never support or launch a meme coin,” he wrote. ZachXBT said all tokens sent to his donation wallet were sold on the market. He then sent the full amount, worth about $41,000, to charity through The Giving Block. The funds went to Direct Relief and…

DTCC has begun testing the tokenization of stocks and Treasurys with nearly 40 financial firms, marking a huge step toward blockchain-based settlement on Wall Street. The program will allow eligible securities to move between traditional and tokenized formats while retaining full legal rights. The pilot includes participants such as JPMorgan, Goldman Sachs, BlackRock, Vanguard, and the New York Stock Exchange, which will tokenize selected assets held at DTCC before settling transactions on blockchain networks. The first basket includes Microsoft shares, Circle stock, major ETFs including QQQ and SPY, Treasury ETFs, and US government bonds. DTCC plans to officially launch the…

QuickSwap is making a significant bet on the future of decentralized derivatives. Following an overwhelming community vote, one of DeFi’s longest-running decentralized exchanges has selected Orbs’ Perpetual Hub Ultra 2.0 as its default perpetual futures infrastructure, replacing its previous Orderly-powered solution and consolidating all future perpetual trading on Orbs’ Layer-3 network. The governance proposal, titled “Full Shift of Decentralized Perpetuals to Orbs Network,” passed with 81.8% support from QUICK token holders, signaling strong community backing for the transition. A Community-Driven Upgrade The integration replaces the Falkor perpetuals platform previously running on Polygon PoS while expanding on the existing partnership between…

Russia’s central bank governor, Elvira Nabiullina, confirmed that the country was prepared to roll out its central bank digital currency (CBDC) in two months, following the timeline it laid out last year. According to a Thursday report from Russian state media outlet RIA Novosti, Nabiullina said that “everyone is ready” for a Sept. 1 digital ruble launch. The CBDC will launch as a complement to Russia’s fiat currency, the ruble, and will initially be accepted by financial and credit institutions. “We want the digital ruble to be in demand by people and businesses, to be convenient, and, of course, we’re…

The latest list of cryptocurrency platforms based on weekly active user numbers has been released. The data reveals the networks and protocols with the highest user engagement over the past 7 days, with Solana topping the list with a strong increase. According to the list, Solana ranked first with 15.3 million weekly active users. Solana’s active user count increased by 106.9 percent in the last 30 days. $BNB Chain came in second with 13 million weekly active users, but recorded a 12.5 percent decrease in the last 30 days. Tron ranked third with 8.7 million active users. Related News The…

Investment giant Cantor Fitzgerald and cryptocurrency-focused broker-dealer Securitize (SECZ), are revamping initial public offerings (IPOs) with tokenization and blockchain technology, the companies said on Wednesday. Under the agreement, Cantor will leverage its equity capital markets and trading capabilities, while Securitize will provide the tokenization infrastructure used to issue, distribute, and service tokenized securities, according to a press release. Large traditional finance players are taking rapid steps towards the tokenization of capital markets. This week the Depository Trust & Clearing Corporation (DTCC) announced further plans to tokenize stocks with a range of partners including JPMorgan, Goldman Sachs, BlackRock and Vanguard. The…

Wintermute, whose analyses are closely followed in the market, evaluated the recent movements. Cryptocurrency market maker Wintermute stated in his latest analysis that there is a relief rally in Bitcoin, but this is not a structural bull market. Wintermute analysts have viewed Bitcoin’s recent recovery as a relief rally stemming from macroeconomic changes, rather than a transition to a structural bull market. Analysts say that signs of a slowdown in the US economy, expectations of a looser monetary policy from the Federal Reserve, and easing tensions in the Middle East have led to a recovery in risky assets like Bitcoin.…

Aave (AAVE), a leading lending protocol in the decentralized finance (DeFi) ecosystem, has announced a significant strategic decision regarding its cross-chain infrastructure. According to the project’s statement, Aave has adopted Chainlink’s (LINK) Cross-Chain Interoperability Protocol (CCIP) as its official cross-chain standard. This step aims to make transactions between different blockchain networks more secure and efficient for Aave. Currently, Chainlink CCIP supports cross-chain transfers of the decentralized stablecoin GHO within the Aave ecosystem and multi-chain governance operations via Aave Delivery Infrastructure (a.DI). With this new decision, the use case of CCIP will be further expanded, forming the core infrastructure for cross-chain…