Author: NBTC
Bitcoin’s price has remained below the $100,000 mark since the start of February. Currently trading at $96,920, the leading cryptocurrency has noted a 7% drop in value over the past week. However, recent macroeconomic developments suggest that this trend may soon reverse. Fed’s RRP Drop Could Push Bitcoin Prices to New Heights The Federal Reserve’s Reverse Repurchase Agreement (RRP) or Reverse Repo facility has hit its lowest level in 1,387 days, signaling a potential shift in liquidity flow direction. Federal Reserve’s Reverse Repurchase Agreement (RRP) Facility. Source: Fred Economic Data The US Federal Reserve uses the RRP to manage short-term…
BlackRock’s Global Allocation Fund has increased its holdings in the iShares Bitcoin Trust (IBIT) by 91% to 821,664 shares valued at around $47 million as of January 31, according to a Thursday SEC filing. The globally diversified investment strategy, designed to maximize total return while managing risk, added 390,894 IBIT units to its portfolio between November 2024 and January 2025. The fund has steadily expanded its IBIT holdings from 43,000 shares in April 2024 to 198,874 shares in July 2024. Apart from the Global Allocation Fund, BlackRock previously disclosed holding $78 million in IBIT shares across two investment funds—the Strategic…
Flare co-founder Hugo Philion has revealed the impending yield maturity of $134 billion in XRP on the network’s FXRP and native XRP staking program. This marks the protocol’s first yield since the Flare Open Beta launched last December, with FXRP debuting on Songbird. https://twitter.com/HugoPhilion/status/1887757434514530622 Philion’s announcement sparked mixed reactions among Flare community members posting on X. Some critics questioned the plans, citing concerns over crypto custody liabilities and potential risks. They now await confirmation of the CEO’s promise. Related:Bug in Flare Network Leaves Unclaimed User Rewards Unclaimable Meanwhile, the project’s optimists expressed excitement over the yield reward announcement, highlighting their…
IOTA Foundation’s Feedback on Kenya’s VASPs Bill TL;DR:The IOTA Foundation provides feedback on Kenya’s Virtual Asset Service Providers Bill, 2024, recommending clearer definitions, stronger consumer protections, and alignment with international standards and best practices. Key proposals include refining token classifications, improving cybersecurity rules, and ensuring fair regulatory processes to foster innovation, security, and trust in Kenya’s digital asset ecosystem. The IOTA Foundation has provided detailed comments on Kenya’s proposed Virtual Asset Service Providers Bill, 2024, recognizing it as a key step toward a clear and forward-thinking regulatory framework for the country’s digital asset ecosystem. By refining definitions and aligning the…
Coin Bureau’s Guy Turner is turning bearish on Ethereum (ETH) as the second-largest crypto asset hovers around 58% below the all-time high price reached in November of 2021. In a new video, Turner tells 2.66 million subscribers of the Coin Bureau YouTube channel that Ethereum has underperformed Bitcoin (BTC) over the past couple of months, despite expectations that ETH would follow the flagship crypto asset’s lead and rally. “Ethereum’s performance has been so poor that it’s basically become a meme while BTC has rallied to new all-time highs… ETH has yet to reclaim its 2021 high of around $4,900. In…
A popular crypto analyst says Bitcoin may experience an aggressive move to the upside once the current consolidation phase ends. In a new video, the analyst pseudonymously known as Credible Crypto tells his 67,500 YouTube subscribers that Bitcoin (BTC) is about to embark on the fifth wave of a bullish trend. According to the analyst who regularly applies the Elliott Wave theory in his technical analysis, BTC could rally by a minimum of 52% from the current level over the coming weeks and months. The Elliott Wave theory states that the main trend of the price of an asset moves…
The crypto market shifts to tokenized securities during the periods right after a market top. After the bullish rally, investors switch to demand for passive income. Tokenized securities have been growing in the past two months, following Bitcoin (BTC) record prices. Research by Messari shows a shift toward tokenized securities, which grow their supply following a market peak. Tokenized bonds are the most reliable basis for tokenization, while stocks lag due to regulatory doubts and general market fluctuations. Tokenized treasuries serve as risk-off assets, offering low but secure passive income. Messari’s data shows that the crypto market is currently in…
The cryptocurrency market witnessed notable price movements today, with 5IRE (5IRE) emerging as the top gainer, surging by 45.6%. This sharp increase has placed the project ahead of other strong performers, including BLOCK (32.0%), BZZ (29.2%), and QI (27.6%). The latest rally highlights increased investor interest in specific digital assets despite broader market volatility. 5IRE’s impressive run has brought its current price to $0.003, with a market cap of $2.3 million, according to Phoenix Group’s latest daily gainers report. The project’s recent momentum aligns with growing traction in blockchain sustainability initiatives, which could be driving renewed investor enthusiasm. DAILY GAINERS#5IRE…
U.S. Representative Bryan Steil (R-WI) argues Congress should advance stablecoin regulation and crypto market structure legislation in tandem. Steil contends the two areas are interconnected and progress together benefits both the stablecoin and broader crypto sectors. Senate Momentum, Trump Deadline Fuel Push for Action Steil expressed his opinion during a recent podcast, highlighting the increased energy from the Senate toward the stablecoin bill after President Donald Trump urged the bill to be ready before the August recess. Trump’s request fueled speculation among crypto watchers about imminent bills potentially redefining the U.S. crypto landscape. Steil, who chairs the House Financial Services…
Ethereum (ETH) is developing momentum after a whale grabbed interest by withdrawing and staking massive amounts of ETH tokens. The activity, identified by Onchain Lens, has aroused positive sentiment among crypto users. A whale withdrew 1,427 $ETH ($2.93M) from #Kraken and staked it with @LidoFinance 7 hours ago after 2 months of dormancy.Over 6.5 months, the whale has withdrawn 5,861 $ETH ($17.23M) and is currently at a $5.34M loss.Address: 0xcb442d53dfcbd6f6166222ce225a334a99acedfdData… pic.twitter.com/bWjgMN8QxN — Onchain Lens (@OnchainLens) March 27, 2025 Whale moves to Ether staking Today, according to data reported by Onchain Lens, the whale withdrew 1,427 ETH tokens (worth $2.93 million)…