Author: NBTC
This is a segment from the Forward Guidance newsletter. To read full editions, subscribe. This time yesterday, I was writing about how US equities had started down the road to recovery. Well, that was short-lived. The S&P 500 and Nasdaq Composite indexes opened in the red Tuesday and were trading 0.4% and 1.2% lower, respectively, at 2 pm ET. Big Tech and crypto stocks were not immune. The Bloomberg Mag7 Index, which equally weights seven of the largest companies, was down almost 3% midway through the session. Nvidia, on the eve of reporting its fourth quarter earnings, was down 1.9%…
Data released by the Ripple Stablecoin Tracker account on X shows that blockchain behemoth Ripple has resumed minting Ripple USD (RLUSD) stablecoins. Three large mints made by Ripple Treasury were spotted on the last day of a more than two-week break. 💵💵💵💵💵💵 4,000,000 #RLUSD minted at RLUSD Treasury.https://t.co/G1ORY8qjaT — Ripple Stablecoin Tracker (@RL_Tracker) February 27, 2025 9.1 million RLUSD minted after long break According to the aforementioned source, the Ripple giant minted three batches of stablecoins on Thursday: 3,100,000 RLUSD, 4,000,000 RLUSD, and 2,000,000 RLUSD. The most recent of those lumps was minted five hours ago. 💵💵💵💵💵💵 2,000,000 #RLUSD minted…
HeLa Labs, a prominent platform leading blockchain innovation, has started an exclusive partnership with PropBlock RWA, a well-known decentralized RWA firm that uses AI for property investment. The collaboration aims to redefine the investment in real estate by combining the strengths of both the entities. The platform took to its official social media account to disclose this collaboration. We’re excited to announce our newest collaboration with @PropBlockRWA!PropBlock RWA AI Agent is a decentralized RWA platform that revolutionizes property investment by merging advanced artificial intelligence with real-world asset tokenization. Together, we’re shaping the… pic.twitter.com/9yuaIs2YyS — HeLa Space 🍀 (@HeLa_Labs) February 28,…
Bitcoin miner Bitdeer purchased 50 more Bitcoin today. Bitcoin market price is trading slightly below the $80,000 mark. Bitcoin miner Bitdeer purchased 50 additional Bitcoins today as the BTC price fell below the $80,000 level. Bitcoin is trading at $78,893 at press time with around 9% drop in the last 24 hours. Despite the price drop, proponents are supporting Bitcoin purchase at these lower price levels. Today, we acquired 50 more #BTC at a price of $81,475 each. #Bitcoin #BitcoinHoldings #BTC #btcmining $BTDR pic.twitter.com/J0z1DDb8E2 — Bitdeer (@BitdeerOfficial) February 28, 2025 Bitdeer announced earlier today that it acquired 50 Bitcoins on…
Ethereum price plunged 7%, trading as low as $2,327 on Thursday after losing the $2,500 psychological support. Ethereum bulls record $99 million LONG Liquidation losses, outpacing short liquidations by 40%. With a death cross now in play ahead of Trump’s tariffs commencing on March 1, ETH price risks further losses. Ethereum price tumbled 17% in the last 48 hours. With bear traders assert dominance amid Bybit hack resolution and looming U.S. tariffs, ETH faces further downside risks. Ethereum tumbles 5% after losing critical $2,500 support Ethereum came under intense selling pressure this week, as the loss of its $2,500 psychological…
This is a segment from the Forward Guidance newsletter. To read full editions, subscribe. We’ve rounded up the myriad of crypto ETF plans issuers are dreaming up, and launching. The proposals continue to move beyond ones focused on solana, XRP and litecoin. An update from yesterday: A 19b-4 filing from Nasdaq signals Grayscale Investments’ intent to offer a Polkadot ETF. 21Shares put out a similar proposal a few weeks back. Polkadot (DOT) has a market cap of nearly $7 billion, ranking it 26th among crypto assets. The filing is not a proposal for Grayscale to convert one of its existing…
Ripple is XRP’s largest holder and core entity in its development, directly linked to the token’s creation and initial distribution. On March 1, Saturday, Ripple will unlock 1 billion XRP that has not yet been put in circulation, impacting markets. Precisely, the unlock has a nominal value of $2.03 billion at current prices and could create significant selling pressure. However, activity from previous months hints that the company may only sell a fraction of the 1 billion XRP. When XRP was launched in 2012, Ripple kept 80 billion of the supply out of circulation to itself, gradually selling some units,…
According to the most recent data, Bitcoin’s hashrate has dipped beneath the 800 exahash per second (EH/s) threshold, coinciding with a 30-day low in mining revenue, commonly referred to as hashprice. As of Friday, the hashprice is hovering just below $50 per petahash per second (PH/s), marking a notable decline in miner profitability. Bitcoin Miners Feel the Pinch Bitcoin’s descent below the $80,000 threshold on Thursday proved less than ideal for miners, as their earnings took a significant hit. As of now, with bitcoin (BTC) climbing back above $83,000, the hashprice—or the estimated value of 1 PH/s—has seen a slight…
RedStone has announced a strategic partnership with World Chain to provide oracle support as its RED token debuted for pre-market trading on Binance Launchpool and Bitget Pre Market. Redstone (RED), a modular blockchain oracle provider, just announced that it will provide Word Chain with oracle support. This will ensure smart contracts on World Chain can access accurate price feeds, market data, and other information needed for DeFi apps on World Chain (WLD). RedStone and @worldcoin join forces to bring reliable oracles to World Chain.Our oracles are now empowering human-first DeFi with the highest-quality data on the market. pic.twitter.com/LJfJAjAmlI — RedStone…
The crypto market is experiencing a major sell-off, with its total market cap plunging to $2.67 trillion, down from over $3 trillion just days ago. In the past 24 hours alone, the market has lost over 7% in value, sending shockwaves across the industry. Bitcoin Price Takes a Big Hit Bitcoin, the largest cryptocurrency, has dropped to $80,000, a key support level that could determine its next move. In just the past 24 hours, BTC has lost over 7%, and in the last week, it’s down nearly 20%. Investors are closely watching to see if Bitcoin can hold this level…