Author: NBTC
Mike McGlone, the senior commodities strategist for Bloomberg Intelligence, has published a tweet where he shared his take on the current situation on the U.S. commodities markets and how it may impact the decision of the Fed Reserve to implement further tightening. McGlone sounds doubtful on Fed’s further easing policy Mike McGlone tweeted that currently rising trends in cryptocurrencies, commodities and stocks can be observed. The expert also indicated “sticky inflation” and low unemployment. McGlone reckons that all these positive factors could create a challenge for the monetary policy of the Fed Reserve as of February 2025. Rebounding Commodities Could…
XRP commenced the year with a significant uptick amid a broader cryptocurrency market reboot. This price rally comes as XRP records massive adoption in different regions globally. Upbit takes lead in global XRP trading South Korea’s biggest crypto exchange, Upbit, has recorded over $1.3 billion worth of XRP volume through the exchange. CoinMarketCap data gives the figure as $1.337 billion in the last 24 hours. This represents about 12.13% of the entire XRP volume traded in the last 24 hours. Some analysts see this as a significant development for XRP. They believe Upbit could drive the new price rally for…
A new layer-1 blockchain is set to rival Ethereum and Solana. Here’s how you can prepare. After years of building and more than $225 million raised, Monad officially unveiled its testnet on February 19. The high-performance Ethereum Virtual Machine layer-1 network aims to rival the speed and scalability that Solana offers, while interacting with the vast Ethereum ecosystem and its applications and protocols. It does so by using parallel execution, in other words, executing transactions that don’t depend on each other at the same time, boasting more than 10,000 transactions per second in the process. Before the highly-anticipated debut of…
Ethereum has experienced a prolonged consolidation below key resistance levels, struggling to find momentum as it continues to trade sideways. The price has been closing between $2,650 and $2,750 for the past week, creating uncertainty in the short term. With ETH facing selling pressure and unable to reclaim the $2,800 mark, investors are growing concerned about its ability to recover. Despite the recent choppy price action, some analysts believe Ethereum could be gearing up for a bullish move. Crypto expert Carl Runefelt shared a technical analysis on X, stating that Ethereum has been forming a bullish pattern on the daily…
Today, President Donald Trump is preparing to sign a memorandum directing the US Trade Representative to develop trade remedies against foreign digital services taxes that target US tech companies, including Alphabet and Meta Platforms, reported Bloomberg this morning. The initiative addresses digital service taxes implemented by roughly 30 countries, including France, the UK, and Canada, which the US considers discriminatory. While the memorandum doesn’t specify exact tariffs or timelines, it suggests potential retaliatory measures that could affect US-based firms operating internationally, including those in the crypto sector. The action follows earlier US investigations into digital service taxes, including a 2019…
Sui DePIN, the first Decentralized Physical Infrastructure Network (DePIN) layer on the SUI blockchain, has announced its upcoming Initial DEX Offering (IDO), marking a significant milestone for the project. Decentralizing data ownership, Sui DePIN lets users control and earn from the AI models in which they participate. Developers tap into user-generated data streams, opening new avenues for AI progress without relying on centralized platforms. Sui DePIN Reveals Strategic IDO Partnerships Sui DePIN has announced its imminent IDO on SuiPad, the largest native launchpad on the Sui network. The launchpad allows the community to participate in early-stage token sales for stringently…
Fyde Labs and Assist_Coin united forces to create a new era of blockchain security and enhanced operational efficiency for the sector. When Fyde applies their risk modeling skills and security simulations with Assist_Coin’s AI-based decentralized coding assistance platform they create enhanced protection for Web3 protocols against new security threats. Exciting Partnership Alert! 🔥We’re teaming up with @Assist_Coin to push the boundaries of AI & blockchain!🔹 Assist_Coin: AI powered, decentralized coding assistance🔹 Fyde: Data driven risk & security simulations for crypto protocolsTogether, we’re making Web3 smarter,… pic.twitter.com/I9B5WAfati — Fyde (@FydeLabs) February 22, 2025 Fyde’s Role: target=”_blank” rel=”noopener”>Fyde delivers services to help…
Bitcoin’s rally was fueled by Donald Trump’s victory in the 2024 U.S. presidential election, but that momentum is slowing as the year winds down. According to a recent Bloomberg report, Bitcoin traded at $93,085 early Monday in London. It’s down about $15,000 from its mid-December high. The leading cryptocurrency faces challenges after riding high on optimism around Trump’s crypto-friendly stance. Meanwhile, other digital currencies, including Ethereum and the meme coin Dogecoin, have failed to keep up the gains. Trump’s promise of a national Bitcoin reserve and lenient regulations created a positive outlook in the digital assets market. Bitcoin’s strong performance…
Ethereum price is seeing accumulation as exchange reserves decrease and experts believe it could hit $10,000 in this cycle. Declining Exchange Reserves and Supply Reduction Crypto Quant Exchange reserves data shows that exchange holdings of ETH decreased from 30 million in the beginning of 2022 to 19 million in 2025. This decline may indicate that fewer ETH tokens are on the trading market, as more traders stake them. Less availability on the exchanges may, therefore, enhance a relative stability of the price and also an upward trend in case of an increase in demand. Ethereum Exchange reserve chart Historically, Ethereum’s…
It took 10 years for Bitcoin to receive its first spot-traded, exchange-traded fund (ETF). Up until January 2024, this type of Bitcoin investing was dominated by futures-traded ETFs which don’t hold actual BTC. By holding the actual asset, spot-traded ETFs offer not only direct exposure to Bitcoin without the hassles of BTC custody, but minimal price deviation such as contango in futures contracts. Most importantly, by opening the doors to both retail and institutional investors, Bitcoin ETFs drove the price of Bitcoin up, as custodial exchanges, typically Coinbase, bought BTC in their name. But does that mean it is a…