Author: NBTC

Benjamin Cowen, a cryptocurrency analyst closely followed by the public, highlighted the “Bear Market Resistance Band” and the 200-week moving average (MA) as critical factors in determining the market’s direction in his latest analysis of Bitcoin (BTC) price movements. Cowen stated that Bitcoin is currently in a “damned if you do, damned if you don’t” situation. Benjamin Cowen pointed out that historical cycles show Bitcoin has repeatedly tested this resistance band during bear markets and has generally been rejected from there. He noted that in the current outlook, this resistance band is located between $70,000 and $74,000 for an upward…

As the on-chain movements of large investors in the cryptocurrency market continue to be closely monitored, a major whale investor who had been accumulating Ethereum ($ETH) and Wrapped Bitcoin (WBTC) throughout July made another noteworthy purchase. According to data shared by the on-chain analytics platform Ai Yi, the investor in question withdrew 120 WBTC from a cryptocurrency exchange in the last two hours, further expanding their portfolio. According to the data, approximately $7.8 million worth of WBTC was transferred from the exchange to a private wallet with this latest transaction. This move is seen as a continuation of the investor’s…

Forget the stereotype of young investors chasing meme trades. According to Binance Research, Gen Z investors are entering financial markets earlier than previous generations and they’re doing it with surprising discipline. Rather than leaning into speculation, many are building portfolios around established technology companies while increasingly embracing TradFi products offered through crypto-native platforms. Early Investing Starts Changing Financial Habits The report shows that 30% of Gen Z investors started investing during university or early adulthood, compared with 15% of Millennials, 9% of Gen X and just 6% of Baby Boomers. More notably, 77% say they received formal financial education before…

Ripple CTO Emeritus David Schwartz was recently featured in “$XRP in one minute,” a short video session where Ripple leaders and $XRP ecosystem participants cover all burning blockchain and crypto questions in 60 seconds or less. In the recent episode of “$XRP in 1 Minute,” Schwartz breaks down how $XRP’s utility has evolved from a Bitcoin alternative to the backbone of real-world asset tokenization. The Ripple CTO Emeritus covered how the $XRP Ledger expanded on Bitcoin’s original vision and why enterprises are utilizing XRPL for tokenized real-world assets. More importantly, Schwartz highlighted what’s coming next: tokenized securities, money market funds,…

South Korea’s financial authorities investigated more than 40 cases of unfair trading, including market manipulation and fraudulent crypto trading, in the last two years. According to an X post by Financial Services Commission Chair Lee Eog-won, 30 of them reported or referred to investigative agencies, identifying 25 suspects since the Virtual Asset User Protection Act took effect in July 2024. Lee said the average unlawful gains were around 1.4 billion Korean won ($940,000). “Today marks the second anniversary of the enactment of the ‘Virtual Asset User Protection Act…’ It was a meaningful time that brought the virtual asset market, which…

Total value locked has roughly tripled since mid-July to about $312 million, according to DefiLlama, and Robinhood Chain is now clearing more than $600 million in daily decentralized-exchange volume, putting it among the more active networks in crypto. Robinhood Chain’s locked value has more than doubled since mid-July. (Shaurya Malwa/CoinDesk)Its transaction count has also drawn attention, with more than 138 million in 30 days, per Token Terminal. But the chain’s most-traded tokens are still overwhelmingly memecoins. On DEX Screener, the top of Robinhood Chain’s trending list is filled with tokens like “Hoodrat,” “Vladhood” and “Swole Doge,” not the tokenized equities…

Bitcoin may be nearing a major turning point, but analysts say the market could still see one more move lower before a cycle bottom forms. Ted expects $BTC to form another lower high before a final drop, while CW says a long-term regression band is flashing a historical bottom signal. Bitcoin Analyst Expects One More Drop Before Cycle Bottom Forms Bitcoin could be setting up for another lower high before making a final move lower to complete its cycle bottom, according to crypto analyst Ted. In a post on X, the analyst said $BTC appears likely to form another lower…

Bitmine (BMNR), the largest Ethereum treasury company, continued its ether ($ETH) purchases last week as Chairman Tom Lee pointed to ether ($ETH) outperforming bitcoin $BTC$65,052.41 as evidence the crypto market is regaining momentum. The company bought 9,946 $ETH, worth about $19.4 million at current prices, up from 7,430 $ETH the previous week, according to a Monday update. The purchase lifted Bitmine’s holdings to 5,787,414 $ETH ($11.2 billion), or about 4.8% of ether’s circulating supply. Lee said Bitmine also increased its share repurchases, buying back 6.1 million shares, compared with 5.5 million a week earlier, under its $4 billion buyback authorization.…

Bitcoin traded around $64,000 on July 25 after changing hands near $65,000 around the ECB’s July 23 decision as the central bank kept rates unchanged, its bond portfolios continued shrinking, and euro-area banks tightened access to business and housing credit. The ECB kept its three key interest rates unchanged, leaving the deposit facility rate at 2.25%, the main refinancing rate at 2.40% and the marginal lending facility rate at 2.65%, while the balance-sheet and bank-credit channels continued moving in a restrictive direction. Official monthly data shows that the ECB’s asset purchase program and pandemic emergency purchase program portfolios declined by…

Ethena protocol has begun expansion to RWA (real-world asset) tokenization to boost yields and decouple from crypto market cycles. On Friday, the firm behind the yield-paying stablecoin $USDe said, The first asset category under evaluation is AAA CLOs, which sit at the top of the capital stack, with a zero default rate at the AAA level across the entire history of the asset class. Source: X Collateralized Loan Obligations (CLOs) are a pool of loans from individual companies handled by asset managers. Think of it as an ETF index tracking different stocks of various companies and offered to investors. But…