[ad_1] U.S. stocks rallied Friday as better-than-expected job growth and fresh signals from China about trade negotiations helped investors shake off recent concerns around tariffs. The S&P 500 extended its winning streak to nine days, which is the longest in 20 years. The S&P 500 rose 1.47%, marking its ninth straight day of gains—its longest winning streak since November 2004. The Dow Jones Industrial Average gained 1.39%, or more than 570 points, and the Nasdaq Composite climbed 1.51%. Markets responded positively to the Labor Department’s April employment report, which showed the U.S. added 177,000 nonfarm payrolls, well above economists’ forecasts…
Author: NBTC
[ad_1] Hayden Davis-linked wallets launch FRIES token, showing patterns similar to previous controversial projects like LIBRA and WOLF. Investigations into LIBRA reveal heavy losses, potential fraud, and insider trading, raising concerns over FRIES’ launch activities. Hayden Davis has once again caused a stir in the crypto space. The figure who has long been associated with various controversies has reportedly launched a new token called FRIES. What makes the community even more suspicious is that analysis from Bubblemaps shows that the pattern of wallet movements involved in FRIES is exactly the same as the pattern found when LIBRA and WOLF were…
[ad_1] On-chain data aggregator CryptoQuant has published a chart with an important Bitcoin metric showing a significant rise. This metric is the Bitcoin Supply in Profit, and the report by a company’s analyst reveals that “an increase in the supply in profit tends to fuel bullish phases.” This report came out while Bitcoin is striving to regain the $95,000 level briefly reached, and then quickly lost on Monday. Bitcoin Supply in Profit nearing 90% level Bitcoin Supply in Profit refers to the part of the circulating BTC supply that is currently worth more than when it was bought or last…
[ad_1] Tokenized assets’ momentum continues accelerating, prominent financial institutions are leading the way, and Lumia stands above all. This shift has begun to impact regulatory bodies in major economies, which have started adapting frameworks to accommodate the change. The Institutional Shift Toward Tokenized AssetsMomentum is building. What once sat on the periphery of financial innovation—tokenized assets—is now at the center of institutional strategy.In the United States, regulatory bodies are adapting. The @FDICgov now permits… pic.twitter.com/0fDmQVR3c3 — Lumia (@BuildOnLumia) May 2, 2025 According to the Federal Deposit Insurance Corporation (FDIC), supervised institutions in the United States may now carry out crypto-related…
[ad_1] With just days left in April, Ethereum’s biggest meme coin Shiba Inu (SHIB) is setting up for what could be a standout month. Historical data points to May as a strong period for SHIB, and if the pattern holds, a 77.8% surge could be next. Looking back at SHIB’s price history by CryptoRank, May has delivered some of its biggest moves. In 2021, the meme coin skyrocketed over 350% during the month. Even after more muted years, like 2024’s 13.2% gain, the average May return still clocks in at an impressive 77.8%. That kind of track record is hard…
[ad_1] Bitcoin appears to be just 24 to 48 hours away from triggering a golden cross, one of the most potent technical signals in trading. Bitcoin has been consolidating following its dramatic breakout above $90,000. It is currently trading at about $94,900. Price action is flattening just below important resistance levels, but the momentum has not diminished entirely. Despite Bitcoin breaking well above the 100 EMA, which is unusual this far into a rally, the 100 EMA is still above the 50 EMA at $88,837, which is just a little above the current price. The crucial part is that the…
[ad_1] President Trump is again urging lower interest rates after bullish US employment data. Some analysts are hopeful that new rate cuts will generate positive momentum for Bitcoin. However, there are no signs that Powell will change his mind. If anything, it’s even less likely. Tariffs could cause unprecedented chaos, and the economy doesn’t need rate cuts to survive right now. Can Trump Compel Cuts to US Interest Rates? Earlier today, the US Bureau of Labor Statistics released its latest jobs report, which seems quite bullish in the face of recession fears. Total nonfarm payroll employment increased by 177,000, far…
[ad_1] The SEC has given the green light for ProShares Trust to proceed with its XRP ETF offerings, officially setting April 30, 2025, as the effective date. According to a newly filed Form N-1A, the launch will cover multiple XRP-focused ETFs. The registration update specifies that the amendment designates a new effective date for a previously filed amendment regarding the ProShares UltraShort XRP ETF, ProShares Ultra XRP ETF and ProShares Short XRP ETF. The SEC filing notes that the amendment was made solely for the purpose of setting the April 30 launch. The Trust’s principal executive offices are located in…
[ad_1] Dan Gambardello, a notable crypto industry commentator, says a Bitcoin setup for a major rally is unfolding, predicting a fast and surprising move toward new highs. Bitcoin has posted strong gains over the past seven days, rising from around $88,000 to over $95,000 amid a 7.4% weekly increase. Over the past two weeks, the crypto asset has climbed 10.8%, with a 14.3% gain in the past 30 days. Notably, while the asset traded near $94,963 during press time, analysts have increasingly drawn attention to projections pointing toward new highs by 2025. Accelerating Path Toward $200K Among the most vocal…
[ad_1] Bloomberg ETF analyst Eric Balchunas, who joined crypto analyst Michael van de Poppe’s New Era Finance Podcast, made important statements about Ethereum (ETH). Following the ETH ETF moratorium decisions from the SEC, Eric Balchunas assessed the impact of adding staking to Ethereum ETFs. Stating that the addition of staking will not affect the ETH price on its own, Balchunas said that staking will not increase inflows in ETFs unless there is a more sustainable rise in ETH. Noting that the addition of staking will have a small impact on ETH ETF inflows, the analyst said, “It will only help,…