Author: NBTC
Crypto lawyer John E. Deaton has reignited speculation about a potential Ripple Initial Public Offering (IPO), arguing that the successful public debut of digital asset firm Circle has provided a clear benchmark for what Ripple could be worth. His analysis suggests that if Circle can command its high valuation, a $100 billion valuation for a Ripple IPO is not “far-fetched.” Deaton’s commentary centers on a direct comparison of the two companies’ financial strengths, emphasizing that Ripple’s massive XRP holdings give it a significant advantage. I know @bgarlinghouse said @Ripple is NOT in a rush to go public. They certainly don’t…
IOTA has embarked on several projects after the launch of the Rebased Protocol, including IOTA Identity and TWIN Foundation, with more expected to be introduced. IOTA is also reported to be launching a hackathon event in Malaysia in July as part of several other initiatives on its roadmap. Earlier this month, CNF announced the mainnet launch of the IOTA Rebased Protocol with the introduction of a new network architecture. According to that report, this marked a significant shift from the old version to a new system where IOTA could rub shoulders with competitors. Weeks later, a validator and staking services…
Cryptocurrency mining and staking company Bit Digital has announced that it will make a strategic transformation decision and switch to a structure focused solely on Ethereum staking and treasury management. The company will phase out its Bitcoin mining operations and direct the proceeds into Ethereum (ETH) investments. Bit Digital, which began accumulating and staking ETH in 2022, says it currently operates one of the world’s largest enterprise-scale Ethereum staking infrastructures. The company also offers validator infrastructure services, institutional-grade custody and yield solutions, and protocol governance consulting. As of the end of March, Bit Digital held 24,434.2 ETH (about $44.6 million)…
QCP, one of the leading analysis companies in cryptocurrency markets, has published its market report today. While unexpectedly strong employment data increased risk appetite, eyes turned to the critical non-farm employment data to be released on Friday. While the upward movement in the US stock markets is drawing attention, the S&P 500 index is gradually advancing towards 6,000 points, a psychologically important level. According to the analyst firm, stable nonfarm payrolls data will strengthen the Fed’s rhetoric about the resilience of the labor market and increase expectations that interest rates will remain steady. According to QCP’s analysis, on the trade…
The ETH/BTC ratio, used by traders to measure Ethereum’s relative strength to Bitcoin, has remained in a tight consolidation range since mid-May. This highlights the altcoin’s continued underperformance against the market leader. While this stagnation reflects weakening investor appetite for ETH, it also signals a broader delay in the onset of a full-fledged altcoin season. Altcoin Season on Hold as ETH Struggles Readings from the daily chart show that the ETH/BTC ratio has trended within a narrow range since May 13. It faces resistance at 0.026 while finding support at 0.023. ETH/BTC Ratio. Source: TradingView This ratio measures ETH’s price…
The U.S. Federal Housing Finance Agency will examine how crypto holdings might be considered in the mortgage qualification process, its director, Bill Pulte, said Monday. “We will study the usage of cryptocurrency holdings as it relates to qualifying for mortgages,” Pulte announced on X. Further details on how crypto would be assessed were not provided. The FHFA has been approached for comment. The FHFA is the independent regulator of key aspects of the U.S. housing market, including Fannie Mae, Freddie Mac, and the Federal Home Loan Banks. It was created in the wake of the 2008 financial crisis to ensure…
Today marks a significant change to the Shiba Inu ecosystem following the launch of ShibDAO, a new system that gives power to the community by design. As announced on X by Shiba Inu Updates, this move is an important step towards decentralization, where decisions are made by those who support SHIB and not behind closed doors. With the launch of the DAO, the ecosystem becomes more transparent and fairer for everyone. Hence, ShibDAO introduced a few key features. There’s on-chain staking that allows holders of SHIB, BONE, LEASH, and TREAT to lock up their tokens for a specific period. The…
A federal judge delivered a significant blow to authors suing tech giants over AI training this week. The judge ruled that Meta’s use of copyrighted books to train its artificial intelligence models constituted fair use under copyright law. U.S. District Judge Vince Chhabria in San Francisco sided with Meta Platforms on Wednesday in a case brought by 13 authors, including comedian Sarah Silverman and Pulitzer Prize winners Junot Díaz and Andrew Sean Greer. The 13 authors suing Meta failed to provide enough evidence that the company’s AI would dilute the market for their work, Judge Chhabria said in the ruling.…
Bitcoin traded at $104,678 after posting an intraday high of $105.997 at press time. Despite its steady hold above the six-figure mark for nearly a month, a growing number of long-term holders are taking profits. Technical analyst EGRAG CRYPTO has released a chart predicting a cycle top at $175,231 and a retracement low near $34,000, raising questions about how the market will react in the months ahead. EGRAG’s Chart Forecasts $175K Bitcoin Top Then $34K Bottom The forecast provided by EGRAG uses long-term Fibonacci extensions, moving averages, and market cycle durations. According to the analysis, the 1.618 Fibonacci extension, at…
Ethereum holds above $2,500 as institutional inflows rise and bulls defend key support at $2,395. Will ETH retest $2,699 next? The broader crypto market remains muted as tensions in the Middle East escalate. Ethereum holds ground around $2,500, with lower price rejections suggesting bullish support at lower levels. Amid these conditions, will institutional support revive a bullish trend in Ethereum? Ethereum Price Analysis On the daily chart, Ethereum’s price shows a declining trend from last week. It is currently subsiding slightly above the 38.20% Fibonacci level at $2,395. At present, Ethereum trades at approximately $2,522. The lower price rejections, evident…