[ad_1] Bloomberg’s senior commodity strategist Mike McGlone made some striking assessments by comparing Bitcoin’s current market outlook with the past. McGlone referred to his wrong prediction in 2018, stating that he predicted that Bitcoin could lose one zero at that time, but this prediction did not come true. In his post titled “Bitcoin 2018 vs. 2025”, McGlone emphasized that cryptocurrency technology and adoption were still in the early stages in 2018, and the situation is very different today. McGlone said, “Crypto speculation now resembles the internet bubble of 1999. The market value/GDP ratio of the US stock market is at…
Author: NBTC
[ad_1] U.S. stocks opened higher on Wednesday April 23, 2025, with this happening amid a broader market reaction to latest tariffs news and comments on Federal Reserve chair Jerome Powell from President Donald Trump. The Dow Jones Industrial Average rose 2.2%, gaining nearly 900 points, while the benchmark S&P 500 jumped 2.7%. Meanwhile, tech-heavy Nasdaq Composite opened more than 3.6% up as earnings and overall investor sentiment buoyed markets. Among top stock gainers in premarket trading were Tesla (TSLA), Nvidia (NVDA), Palantir Technologies (PLTR) and Apple (AAPL). Investors are also watching IBM, Boeing, and AT&T, which are headlining corporate earnings…
[ad_1] An XRP ETF dubbed XRPH11 began trading in Brazil today, making it the first such product in the world. The ETF, issued by Hashdex, is being traded on Brazil’s B3 stock exchange. Brazil also made history by approving the first Solana ETF last year. XRPH11’s trading volume isn’t public knowledge yet, but it could pave the way for such approvals in the US market. Brazil’s XRP ETF Goes Live Hashdex first won approval to trade this XRP ETF in Brazil in February. Although the firm has pursued several crypto ETFs in the US, it recognized Brazil as a potential…
[ad_1] This is a segment from the Forward Guidance newsletter. To read full editions, subscribe. While stablecoin legislation has dominated recent headlines, House Representatives are in the final stages of drafting a crypto market structure bill, according to people familiar with the matter. I’m told that the discussion draft is expected to be released by the end of the month. The timeline aligns with President Trump’s goal of having both stablecoin and market structure bills passed by the end of this summer. Representatives will likely pull from the Financial Innovation and Technology for the 21st Century Act (FIT21), which the…
[ad_1] Coinbase and PayPal are deepening their partnership, now offering zero-fee onramps and offramps for PYUSD on the largest U.S.-based exchange. PayPal is doubling down on crypto payments with a strategic partnership push. On Thursday, April 24, Coinbase partnered with PayPal to offer zero-fee onramps and offramps for the PYUSD (PYUSD) stablecoin on its exchange. PayPal explained that this partnership will enable merchants to settle debts directly in PYUSD without relying on traditional payment networks. Settlement in PYUSD is also instant, one of the key reasons PayPal has pursued this direction. At the same time, Coinbase gives PayPal access to…
[ad_1] Bitcoin (BTC) continued its spring rally on Friday and is on track for its strongest weekly showing since Trump’s election victory. The largest and oldest cryptocurrency held around $95,000 during U.S. afternoon hours, up 1.8% over the past 24 hours. Ethereum’s ether (ETH) followed closely, gaining 2% to hover just over $1,800. Sui’s native (SUI), Bitcoin Cash (BCH), and Hedera’s HBAR led gains in the broad-market crypto benchmark CoinDesk 20 Index. Bitcoin price on April 25 (CoinDesk) Today’s gains cap an exceptional momentum for crypto markets recovering from the early April lows amid tariff turmoil. BTC is up over…
[ad_1] Disclaimer: The analyst who wrote this piece owns shares of Strategy (MSTR) Traders shorting Strategy (MSTR), the bitcoin buyer whose share price gained 13% in March, may be struggling to find enough stock to repay the lenders who underpinned their bets the company’s value would fall. More than $180 million worth of trades in MSTR stock failed to settle last month, data from the SEC and Fintel show. These events, known as Failures to Deliver (FTDs), happen when a seller doesn’t deliver shares to the buyer by the settlement deadline, now just one business day after the trade (T+1).…
[ad_1] Neo just took a major step toward real-world adoption. In a new partnership with AEON, the Neo blockchain is bringing $NEO payments to millions of merchants across Southeast Asia and other emerging markets. —AEON is building a next-generation Web3 payments ecosystem that bridges crypto with mainstream commerce. Their new payment framework is designed for seamless interoperability across multiple blockchain networks, dramatically lowering the barrier between digital assets and real-world spending. From retail shopping to dining out, AEON is making it possible to use crypto as effortlessly as cash. NEO Now Live Across Thousands of Merchants via AEON Pay As…
[ad_1] Sui is partnering with xMoney and xPortal to launch a virtual Mastercard for European users, allowing them to spend crypto like cash. Sui is expanding into everyday payments through a new partnership with financial platform xMoney and crypto super-app xPortal. Together, they are launching a virtual Mastercard that allows European users to spend crypto like cash. The partnership introduces a full-stack payment solution: a custom Sui (SUI) wallet experience integrated into xPortal’s app, already used by 2.5 million people. Sui is going full lifestyle chain 🌊We’ve partnered with @xPortalApp + @xMoney_com to bring you:💳 A virtual Sui Mastercard, with…
[ad_1] Recent data from Binance, the largest retail spot exchange by market share, is showing key shifts in Bitcoin trading behavior. Between April 19 and April 23, over 15,000 BTC were withdrawn from Binance, following a prior period where inflows had reached similar levels. The change in flow direction is notable, especially as Bitcoin’s price moved from the $85,000–$87,000 range to above $93,000. Since April 18, exchange reserves have also been in steady decline. A lower reserve level generally points to fewer BTC available for immediate selling on the exchange. This tends to happen when investors remove assets to their…