Author: NBTC
In a significant development for XRP, the fourth largest cryptocurrency, major Japanese cryptocurrency exchange Bitflyer is planning to launch XRP crypto CFD, allowing leverage trading for traders. Contracts for Differences (CFDs), similar to derivatives contracts, are a financial instrument that allows traders to speculate on the price movements of cryptocurrencies without owning the underlying asset. Additionally, CFDs give traders price exposure to manage price risk if they also own the underlying asset. Bitflyer made this development known in a recent tweet. Before this time, Bitflyer only offered crypto CFD for Bitcoin; now this would include ETH and XRP. ／ETH ＆…
Bitcoin hit a low of $79,500 on Binance on Thursday, marking a 26% decline from its January peak, as broader market risk aversion continues to pressure crypto assets. The leading digital asset could retreat to $70,000 — a level not seen since Election Day — if it fails to reclaim $90,000, according to Wolfe Research. A drop to the mid-$70,000 range is possible, Wolfe analyst Read Harvey warned, noting that a break below the key $91,000 support signals a bearish turn, and current price action is concerning. “$91,000 acted as the floor over the past several months. With that level…
According to the Global Capital Markets analysis team, the Kobeissi Letter, Ethereum (ETH) has shed almost 50% of its value since the end-2024 bull market run that began when President Donald Trump won the US elections. The global crypto market is also down 30% from its 3-month high of $3.895 trillion, according to Coingecko. This week, the cryptocurrency market has mostly been trading in the red, against the backdrop of a hack that saw crypto exchange Bybit lose approximately $1.4 billion worth of Ether tokens. Ethereum is down nearly 50% from its highs seen after the election in late-2024. Crypto…
Russia is delaying the mass rollout of its digital ruble to ensure the pilot runs smoothly and banks align on a viable economic model. Russia‘s central bank, the Bank of Russia, has decided to delay the mass rollout of its central bank digital currency, known as the digital ruble, as officials work to improve the pilot and discuss the economic model with banks, Russia’s state-backed news agency TASS reports. The new launch date will be announced later, authorities said, emphasizing the need to ensure the system benefits both banks and their clients. “We will move to the mass implementation of…
Bitcoin has experienced a sharp decline in price this week, dropping from $95,700 to below $80,000. The crypto king’s recovery seems uncertain, as large wallet holders, known as whales, have capitalized on the price dip, selling a substantial amount of their BTC holdings. This selling pressure further worsens the situation for investors who are already reeling from the downtrend. Bitcoin Holders Are Cashing Out Whales and sharks, specifically wallets holding 10 or more BTC, have been active in the market, dumping around 6,813 coins, approximately worth $540 million, since last week. This is the largest drop since last July and…
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Digital assets are going mainstream. How else would you describe an asset class being issued, developed, and openly supported by projects associated with a septuagenarian US president? Despite this, the price of Ethereum (ETH) is underperforming versus expectations. This is a sentiment that is reflected throughout social media. You might also like: The Ethereum paradox: Too big to fail or too slow to matter? | Opinion There are many theories as to why this is, ranging from…
The benchmark 10-year Treasury yield fell 4 basis points to 4.25% after Trump announced the expansion of trade tariffs to the EU. The 2-year Treasury yields fell 2 basis points to 4.07%. The 10-year Treasury yield fell to its lowest level since December as the market prepared for the implementation of Washington policies. The yields dropped to 4.25% after Trump announced he would expand the scope of the trade tariffs. 10-year Treasury yield drops to 4.25% amid economic uncertainties The 2-year Treasury yield fell 2.6 basis points to 4.071% from 4.097% on Wednesday. The closing level was the lowest since…
The odds of the U.S. Securities and Exchange Commission’s accepting a spot Solana exchange-traded fund are rising. According to Polymarket, the odds of a SOL ETF approval have risen to 71%, up from this week’s low of 58% and last month’s 50%. The rising possibility has been fueled by the incoming presidency of President-elect Donald Trump and the subsequent nomination of Paul Atkins as SEC chair. Trump has also begun to assemble his crypto council by naming Bo Hines the executive director and David Sacks, a former PayPal executive, as “crypto czar.” Solana ETF approval odds are rising | Source:…
FTX’s bankruptcy costs are approaching $1 billion, making it one of the most expensive Chapter 11 cases in U.S. history. Court records show that nearly $948 million has been paid to legal and financial firms working on the case, with over $952 million in fees approved so far. Despite the hefty costs, most customers are expected to recover 118% of their claims, a rare outcome in bankruptcy proceedings, according to Bloomberg. The high fees stem from efforts to recover billions of dollars in assets spread across a complex web of accounts. Lawyers and financial advisers have played a crucial role…
HIVE Digital starts construction on a 100 MW hydroelectric Bitcoin mining facility in Paraguay to expand its mining capacity. The company projects a 6.5 EH/s increase in hashrate, boosting total capacity to 12.1 EH/s upon completion of the new site. The project expects to generate over $100 million in revenue for Paraguay’s national utility over three years. HIVE Digital Technologies Ltd. has commenced construction of a 100-megawatt (MW) hydroelectric-powered Bitcoin mining facility in Paraguay. Recent aerial images shared by Documenting Bitcoin show the site’s early development stages. Expansion Plans and Revenue Projections HIVE Digital Technologies has projected an expansion of…