Author: NBTC
Cryptocurrency analyst and trader Ali Martinez has unveiled on-chain data showing that over the past few days, whales have wiped a staggering half a billion XRP off the cryptocurrency market. During that time, top 10 cryptocurrency XRP saw a massive 13% decline, letting whales buy the dip. 520 million XRP scooped up in just days In a recently published tweet, the cryptocurrency analyst mentioned above revealed that as the fourth largest digital coin, XRP, dropped approximately 13.45% between Feb. 4 and 6, whales’ activity saw an abrupt increase, and they accumulated roughly 520,000,000 XRP on that substantial price dip. This…
Paul Atkins, the former member of the U.S. Securities and Exchange Commission that President Donald Trump has tapped to run the agency, assured a different direction for the agency on crypto from the last four years, though he wasn’t pressed with big-picture digital assets questions during a Thursday confirmation hearing. Now that Trump has secured the cabinet-level echelon of his government, the White House is working on shepherding top agency chiefs through the Senate confirmation process. While many of the crypto headlines are coming from the administration and Congress these days, those running the regulatory agencies will ultimately be the…
Ethereum (ETH) saw a sharp price drop, shaking investor confidence after a period of relative stability. The cryptocurrency currently trades around $1,917, down over 5% in the past 24 hours according to CoinMarketCap data. This move suggests a potential breakdown from its previous sideways trading range, sparking fresh debate about Ethereum’s near-term direction. Where Could Ethereum Find Support After the Drop? Ethereum’s price is now testing immediate support within the $1,900–$1,910 range. Early chart signs suggest this area might offer a temporary cushion against further selling pressure. If this level fails to hold convincingly, the next potential technical support zone…
Zebec Network, a Solana-based platform, has launched Zebec Carbon, a crypto debit card powered by Mastercard. The card enables users to spend cryptocurrency wherever Mastercard is accepted, with features like zero fees, privacy protection, and instant activation. Zebec Carbon is marketed as a “zero-fee” card, meaning users do not pay sign-up, monthly, or transaction fees. 🚀 Introducing Zebec Carbon – The world’s first reloadable, zero-fee and fully private crypto debit card.🔹Reloadable for up to $10K of daily spend🔹Ready in seconds🔹Zero fees – 1 USDC = $1 USD🔹100% Private 🔐🔹 Powered globally by Mastercard 🌍🧵👇 pic.twitter.com/aErc2aqQ2K — Zebec Network (@Zebec_HQ) March…
Bitcoin’s on-chain activity has fallen to a one-year low, but rising demand from long-term holders could point to bullish momentum in the coming months, according to a new analysis by CryptoQuant. Bitcoin Network Activity Drops to 1-Year Low, But Long-Term Holders Are Sending Bullish Signals The firm’s Bitcoin Network Activity Index has fallen 15% since its peak in November 2024 to 3,760 points, its lowest level since February 2024. The index tracks active addresses, transaction counts, block sizes, and fees to measure overall Bitcoin usage. A major driver of the low network activity is the sharp decline in Bitcoin transactions.…
Elon Musk said he plans to reduce $1 trillion in government spending by the end of May in a Thursday interview with Fox News’ Bret Baier on Special Report. Musk stated that his Department of Government Efficiency is set to achieve these savings within 130 days from the start of Trump’s term on January 20. Musk explained that the plan would involve cutting more than half of the $1.8 trillion spent on non-defense discretionary programs in 2024. “I think we will accomplish most of the work required to reduce the deficit by a trillion dollars within that time frame,” he…
House Majority Whip Tom Emmer (R-MN) laid into Wyoming’s accelerating plans to issue its own stablecoin Thursday, issuing a rare rebuke of a fellow Republican crypto initiative. “I respect the vote of the Wyoming people, however, I personally am vehemently against any government issuing a tokenized version of its currency,” Emmer told Decrypt. “At the federal level, this would be considered a central bank digital currency.” Central bank digital currencies, or CBDCs—digital versions of a state’s fiat currency—have in recent years become a favored boogeyman of Republican politicians. GOP governors and President Donald Trump alike have worked to ban the…
Ethereum (ETH) dropped under $2,000 once again, losing over 5% overnight. ETH had a deeper crash than Bitcoin (BTC), which only took a step back to $86,000. Ethereum (ETH) crashed again, sinking under $2,000 after a general market downturn. The token has not achieved the promised breakout, and trades at 0.022 BTC. In fiat terms, ETH traded at $1,917.21, close to its three-month lower range. Ethereum (ETH) trades near a three-month low, though there are signs whales are accumulating at levels under $2,000. | Source: CoinGecko ETH sentiment remains neutral, and open interest has fallen to $9.9B. Derivative traders have…
Digital asset solutions provider BitGo and New York-based investment platform Republic are teaming up to democratize access to alternative investment opportunities. The partnership aims to offer individual investors access to investment products traditionally reserved for institutional and high-net-worth investors, the companies said in a press release. Republic will leverage BitGo’s infrastructure to strengthen its blockchain-powered investment ecosystem, bringing private market investments on-chain for ordinary investors. That includes the Hamilton Lane Private Infrastructure Fund, which Republic recently added to its platform. By tokenizing HLPIF, Republic is offering on-chain access to an asset class that was previously limited to traditional investors. More…
The European Central Bank (ECB) may reconsider its relationship with any European national bank that adds Bitcoin to its reserves, according to ECB board member Piero Cipollone. In a Feb. 6 interview, Cipollone suggested that if a national bank integrates Bitcoin into its holdings, the institution would need to assess the risks associated with its repurchase agreements (repo) and swap lines. He noted that the ECB would determine whether to maintain ties with such banks after conducting this evaluation. According to him: “We would need to do a risk management assessment of that. Let’s see if any central bank enters…