Author: NBTC
The U.S. is likely to hit the maximum it’s legally allowed to borrow at some point between Jan. 14 and Jan. 23, Treasury Secretary Janet Yellen said in a Friday letter to the speaker of the House of Representatives, Mike Johnson. After that, the Treasury will take “extraordinary measures” to cut borrowing. “I respectfully urge Congress to act to protect the full faith and credit of the United States,” she wrote. In June 2023, Congress suspended the debt limit until Jan. 1, 2025. Risk assets weakened into the market close, just before the letter was publicized. U.S. equities fell, with…
In a significant market development, Ethereum ($ETH) has seen a dramatic surge in accumulation by whales. Over the past 24 hours, these large holders have accumulated an additional 140,000 ETH, sparking renewed interest and speculation among traders and analysts. This surge in whale activity is being closely monitored as it could indicate important shifts in Ethereum’s price movement. Whales have accumulated another 140,000 #Ethereum $ETH in the last 24 hours! pic.twitter.com/RDxnwMWomr — Ali (@ali_charts) February 21, 2025 The chart shared by crypto analyst @ali_charts reveals an intriguing pattern in whale accumulation and its potential impact on Ethereum’s price. The graph…
Angry residents of Japan fed up with the country’s monetary recklessness gathered outside the Ministry of Finance in Tokyo on Friday evening. Shouting “dismantle the finance ministry!” attendees brandished signs saying things like “we are not your ATM” and mocking prime minister Shigeru Ishiba. Compared to other demonstrations and protests around the world, Friday evening’s (JST) MinFin protest may be seen as relatively tame, but by Japan’s painfully polite standards, the growing anger is palpable. A small but swelling crowd chanted “demolish the ministry!” in unison in one video shared to social media, with the ostensible poster of the film…
A jaw-dropping 100 million Dogecoin (DOGE), worth about $25.4 million, just landed on the world’s largest exchange Binance. Not the usual pattern – lately, most big transactions have been withdrawals. But this? This is a deposit. Data from Whale Alert confirms it, and now everyone who has seen it is wondering: What’s the play here? Usually, when a ton of crypto moves to an exchange, it means someone large is looking to sell. The opposite – pulling crypto off an exchange – tends to mean they are holding onto it. 🚨 🚨 100,000,000 #DOGE (25,421,462 USD) transferred from unknown wallet…
Mike Belshe, CEO of Bitgo, a cryptocurrency services provider, has highlighted the growing interest among companies in adopting bitcoin as part of their reserve portfolios. Belshe remarked that the shift to a more favorable administration and the existence of ETFs have driven this change. Bitgo CEO Remarks on Change of Stance Regarding Bitcoin in the Corporate World More and more companies are considering including bitcoin in their investment portfolios. Mike Belshe, CEO of Bitgo, a leading cryptocurrency custody provider, has recently predicted that the corporate world will increasingly adopt bitcoin as a hedge against the failure of the U.S. in…
Arthur Hayes, BitMEX co-founder and major ether (ETH) holder, asked Ethereum co-founder Vitalik Buterin to rollback the network in order to assist hacked exchange Bybit, which lost nearly $1.4 billion in ether (ETH) on Friday. “@VitalikButerin will you advocate to roll back the chain to help @Bybit_Official. My own view as a mega $ETH bag holder is $ETH stopped being money in 2016 after the DAO hack hardfork. If the community wanted to do it again, I would support it because we already voted no on immutability in 2016 [wh]y not do it again?” Hayes said on X. Buterin was…
The launch of bitcoin and ether ETFs on the Australian Securities Exchange (ASX) by Betashares provides Australian investors with a regulated and accessible way to gain exposure to digital assets. Betashares Expands Crypto Offerings With Bitcoin and Ethereum ETFs in Australia Betashares has officially launched its bitcoin and ether ETFs on the Australian Securities Exchange (ASX), reinforcing the increasing integration of crypto into mainstream investment portfolios. The Betashares bitcoin ETF and Betashares ether ETF, both introduced with a 0.45% annual management fee, were developed in partnership with crypto index fund manager Bitwise. Betashares CEO Alex Vynokur emphasized that global investor…
Solana may be the chain to offer some of the long-awaited airdrops in 2025. In the first days of the year, Solana users can already access SonicSVM, which will start trading on January 7. Solana is one of the chains closely watched for top airdrops in all of 2025. As early as January, several events are already close to token distribution or trading. Following the Magic Eden and PENGU airdrops, Solana is preparing for more high-profile projects. Solana is prepared for several Season 2 airdrops as well, including Sanctum, DeBridge, Drift, Grass, as well as Kamino Season 3. The new…
Transak has secured Money Transmitter Licenses in Illinois and Missouri, expanding its reach into the U.S. market. The newly acquired licenses in the two U.S. states will enable the web3 payment infrastructure provider to operate independently in Illinois and Missouri, crypto.news can exclusively confirm. A Money Transmitter License grants firms operating in the United States the ability to engage in money transmission activities in compliance with financial laws and consumer protection regulations. For Transak, obtaining these licenses allows the firm to directly facilitate fiat-to-crypto transactions for residents and businesses in Illinois and Missouri. Since Transak will no longer operate under…
Cryptocurrency analysts of Coinidol.com report, Bitcoin (BTC) price has slipped below the 50-day SMA after a rejection of the recent high. Bitcoin price long term forecast: bearish Buyers tried to hold the price above the 21-day SMA resistance but failed to do so on December 26. A break above the 21-day SMA barrier would have pushed Bitcoin to its previous high of $108,364. However, the bearish momentum broke through the 50-day SMA and Bitcoin fell to a low of $95,404. The bears are in control and are selling on rallies as Bitcoin falls into the bearish trend zone. The bulls…