Author: NBTC
A widely followed cryptocurrency analyst and trader is leaning bearish on Bitcoin (BTC) over the short term. The analyst pseudonymously known as Bluntz tells his 307,000 followers on the social media platform X that Bitcoin’s price action is “concerning” amid the flagship crypto asset failing to hold above the $100,000 level. According to the pseudonymous analyst, Bitcoin is likely to head lower before appreciating to a new all-time high over the next couple of weeks. Based on Bluntz’s chart, Bitcoin could fall to a key support level before rising in a series of waves to reach a new all-time high.…
A cryptocurrency whale has made a significant transaction by converting $1 million worth of DAI into 398 Ethereum ($ETH) at a rate of $2,515 per $ETH, according to Onchain Lens data. The investor has held DAI for close to 2.5 years and the move has sparked speculation regarding its market strategy. Insane hold of $DAI.A whale has used $1M $DAI to buy 398 $ETH at a price of $2,515, after holding $DAI for almost 2.5 years.The whale received these $DAI from FixedFloat 2.5 years ago.Addresses:– 0xf094e2d70385f4f3af3cc4ba7e6da0dcfac522dc-… pic.twitter.com/Lw55212Ypi — Onchain Lens (@OnchainLens) February 3, 2025 Major ETH Investment Sparks Speculation on…
In an exciting development for cryptocurrency enthusiasts, FARTCOIN has seen an impressive 58% surge in price today, sparking a flurry of attention in the market. The surge is especially notable due to the strategic actions of a savvy trader known by the alias “8TSfB.” Approximately nine hours ago, this trader executed a major swap, trading 789K WIF for a substantial 1.04 million FARTCOIN, equivalent to an investment worth $1.15 million. The #FARTCOIN price surged 58%% today!Smart trader “8TSfB” swapped 789K $WIF for the very first 1.04M #FARTCOIN ($1.15M) ~9 hours ago.Notably, this trader was an early buyer of both $POPCAT…
The U.S. House of Representatives and Senate are forming a joint working group to advance crypto legislation, and David Sacks, the crypto czar appointed by President Donald Trump, said his aim is “ensuring American dominance in digital assets,” Tuesday at a joint press conference in Washington. Alongside the chiefs of the congressional committees that will work on digital assets legislation, Sacks laid out a broad pro-crypto agenda. “I look forward to working with each of you in creating a golden age in digital assets,” he said, calling crypto a “week-one priority for the administration.” A part of the plan was…
Blockchain analysis firm Chainalysis has partnered with data and software solutions provider Lukka to enhance its Virtual Asset Service Providers risk product. VASPs play a crucial role in the crypto ecosystem by facilitating access and adoption for both retail and institutional users. However, the market comes with certain VASP-related risks that users may want to assess before onboarding onto various platforms. Chainalysis’ “know-your-VASP” feature allows users to analyze on-chain transactions to better understand exposure and counterparty risk. Financial institutions, crypto businesses, regulators, and other users can leverage this tool. Applications include monitoring VASPs with automatic alerts on risk scores—a key…
It is no secret that Bitcoin (BTC) had a stellar year in 2024, reaching a new all-time high (ATH) of over $73,000 in the first six months and surging past the $100,000 psychological level in December BTC investors reaped significant benefits from the rally, as Finbold research found that, between December 31, 2023, and December 31, 2024, an average of 154 addresses holding over $1 million worth of Bitcoin were created daily. The total increase in such addresses in the 366 days (2024 being a leap year) that elapsed amounts to approximately 56,325, per the data Finbold retrieved from BitInfoCharts…
Amid the broader market downturn, user activity on the Layer-1 (L1) network Ethereum has plummeted to its year-to-date low. This comes as the value of Ethereum’s native token, ETH, sinks below the $3,000 mark for the first time since November. With a strengthening bearish sentiment, ETH could extend its price decline in the short term. Ethereum Sees Decline in User Activity On February 2, ETH fell to a five-month low of $2,143 before making a slight rebound. While this price dip is part of a broader market decline, a key factor contributing to ETH’s struggles is a reduction in the…
Artificial intelligence cryptocurrencies are still making sizable gains—just as asset manager Franklin Templeton highlights how big AI and crypto could be together. Franklin Templeton said in a Tuesday note that how AI agents interact on blockchains is “very exciting.” And it noted the current buzz surrounding AI16z and the Virtuals Protocol—two tokens that have made some of the biggest gains over the past 24 hours among the top 100 coins ranked by market cap. AI16z is an investment DAO run by AI agents. CoinGecko data shows that over the past day, its native token has risen by over 18%—after slowing…
The CFTC is reportedly restructuring its enforcement division in a major overhaul that is expected to put to an end regulation by enforcement. This is also expected to restore market integrity, enabling the agency to utilize its resources to limit fraud, manipulation, and abuse. The CFTC believes that structuring will help enhance consistency, fairness, and due processes, and prevent agency overreach. 🚨SCOOP: The @CFTC is set to imminently announce a restructuring of its enforcement division in an effort to end the practice of so-called regulation by enforcement and better utilize agency resources to prevent fraud, manipulation and abuse and ensure…
Kalp, as the prominent provider of permissioned cross-chain ecosystems, established a substantial partnership with CrossFi Chain that manages seamless transitions between fiat currency and cryptocurrency. Through their collaborative efforts, the companies work to improve financial inclusivity by delivering maximum fund management accessibility, complete fund visibility, and full user control for all funds. 🚀 Partnership Announcement! 🚀We’re thrilled to announce our partnership with @crossfichain! 🎉CrossFi Chain is a groundbreaking blockchain that seamlessly bridges fiat and #cryptocurrency. Featuring non-custodial payment technology, users maintain full control over their… pic.twitter.com/O99I3s4cax — Kalp (@Kalp_Official) February 4, 2025 Empowering Financial Freedom CrossFi Chain operates through its…