Author: NBTC
Everything is up—except the Magnificent 7. The S&P 500 jumped 35 points, while the biggest stocks in tech sat out the rally. Retail investors are back in full force, piling billions into the market as they bet on a rebound. Retail investors poured $3.2 billion into U.S. stocks and ETFs on Monday and Tuesday alone. That was the biggest two-day retail purchase since August. In the five-day period ending Tuesday, individual investors snapped up $8 billion worth of equities. The five-day moving average of retail flows hit $1.6 billion, making it the fourth-largest on record. The only times this number…
Ethena just unlocked nearly 8 million tokens, but surprisingly, the unlock event had little impact on the price.On Feb. 12, Ethena (ETH) unlocked 7.93 million tokens, accounting for 0.25% of its total supply, with 65.66% of the supply still remaining locked. Surprisingly, the unlock event did not exert downward pressure on the token as it was still trading at the same level before the unlock. However, Ethena price is still trading in the bearish territory, down by 10% over the last 24 hours, according to CoinGecko. Ethena’s gradual unlocking strategy aligns with the project’s aim of maintaining stability for the…
The U.S Securities and Exchange Commission, has officially dropped its appeal against Ripple. This move aligns with the SEC’s recent actions in other cases, like those involving Coinbase and Kraken. While the appeal has been dropped, Ripple still faces a pending cross appeal and the unresolved $125 million fine. This development opens the door for Ripple to potentially renegotiate terms, On the Thinking Crypto podcast, attorney Fred Rispoli was asked whether he believes Ripple will attempt a cross appeal to reduce or eliminate the $125 million fine imposed on them. He responded, acknowledging that Ripple is likely working on it.…
A recent analytical report from prominent asset manager VanEck asserts that US states could buy up to 247,000 BTC if their reserve bills pull through. Matthew Sigel, the head of digital assets research at VanEck, revealed this staggering statistic in a recent report today. The piece collated the 17 states that have introduced bills to create a strategic Bitcoin reserve and considered how much reserve funds they proposed for acquiring the asset. US States Could Buy 247,000 BTC Particularly, the report shows that 17 states introduced bills to buy and hold Bitcoin through state reserve or pension funds. However, only…
Gold has been on a strong run, surpassing $3,000 for the first time last week, and now there are calls for even more upside for the precious metal prices. Jeffrey Gundlach, CEO of DoubleLine Capital and colloquially known as the “Bond King” for his expertise in fixed-income markets, believes the rally is far from over and could see the precious metal top $4,000. Speaking during a macroeconomic outlook presentation titled “Not in My Neighborhood,” Gundlach highlighted gold’s sustained price momentum alongside other commodities. Cryptocurrencies backed by the precious metal, including PAXG and XAUT, have been benefiting from its historic price…
Only 27 out of 82 AI projects on Solana have a market cap above $1 million. Many AI tokens have lost value, with some dropping over 80% from their peak. Strong AI projects like The Hive and Neur continue to attract institutional investment. Solana’s AI Hackathon has led to the creation of multiple tokenized projects. However, only a few projects have maintained strong market performance. Only 27 out of 82 AI projects have a market cap above $1 million. According to Nansen, among the 82 projects with tokens in the Solana AI Hackathon, only 27 projects currently have a token…
Much anticipation has been built around whether the Trump administration will fulfill its commitment to be crypto-friendly — with tangible actions as well as words. Is the SEC’s Crypto Regulation Roundtable the fruition of this promise? This guide explains what the Crypto Regulation Roundtable is, what the SEC Crypto Task Force is, and why it matters. In This Guide: What is the Crypto Taskforce Roundtable? Crypto Regulation Roundtable speakers Goals of the Crypto Regulation Roundtable Why the Crypto Task Force Roundtable matters Setting the stage for crypto regulation What is the Crypto Taskforce Roundtable? The Securities and Exchange Commission’s (SEC)…
A bold Bitcoin price prediction from Adam Back, one of the earliest contributors to Bitcoin’s development, has resurfaced, reigniting optimism about BTC’s long-term potential. Bitcoin historian Pete Rizzo highlighted this in a recent tweet: “Adam Back predicting a $10 million Bitcoin price. Prepare accordingly.” ✨ Adam Back predicting a $10 million #Bitcoin price. Prepare accordingly 🚀 pic.twitter.com/6Ki5l07ddP — The Bitcoin Historian (@pete_rizzo_) February 12, 2025 Rizzo shared a screenshot of Adam Back’s tweet from the past, which predicted Bitcoin crossing $10 million per coin and $200 trillion in market cap by the end of the next two halvings, or about…
The FOMC is scheduled to meet tomorrow and the day after, possibly having huge implications for crypto. The market is teetering on the edge of a bear market, and cuts to the interest rate could juice some more growth. However, Federal Reserve Chair Jerome Powell hasn’t been interested in these cuts, especially with concerns like inflation and tariffs. President Trump’s personal intervention may be the best hope for rate cuts and a bullish narrative. The FOMC Could Decide Crypto’s Fate The US Federal Open Market Committee (FOMC) is set to take place over March 18-19, and it could have major…
Soneium protocol has integrated Chainlink Standards to boost its performance. The Ethereum layer-2 solution is positioned to power a functional developer ecosystem. On Tuesday, Chainlink (LINK), a leading decentralized oracle network, announced its core solutions are now live on Soneium mainnet. As summarized in our earlier news story, Sonieum is an Ethereum Layer-2 blockchain solution unveiled by Sony Block Solutions Labs in August. Chainlink Becomes a Key Launch Partner of Soneium According to the announcement, Chainlink CCIP, Chainlink Data Streams, and Data Feeds are now available on the Soneium mainnet. With this integration, Chainlink has become a key launch partner…