Author: NBTC
Earlier today, Coinbase Prime Custody addresses linked to MicroStrategy transferred $793 million worth of Bitcoin to new wallets, according to data provided by cryptocurrency analytics platform Arkham Intelligence. Arkham originally identified MicroStrategy’s on-chain holdings back in February. The firm found out that most of its holdings were pooled with other Fidelity clients. A portion of its holdings was also in segregated custody, which includes Coinbase Prime. Coinbase announced that it was selected as MicroStrategy’s primary execution partner back in December 2020. The latest transfers are highly likely to be internal arrangements. As reported by U.Today, MicroStrategy recently announced its eighth…
Data from Santiment, an analytic blockchain platform, shows Ethereum’s transaction fees have dropped to $0.41, a huge decrease from the $15.21 high seen over the past two years. The data, shared via their X account, notes that the network generally does not experience heavy congestion when transaction fees are low. 💸 The average fee of an Ethereum transfer currently sits at just $0.41, in contrast to the $15.21 high point of the past 2 years. When Ethereum transaction fees are low, it usually means the network is not overly crowded. When users are not paying high prices to move their…
Michael Barr spoke at the Council on Foreign Relations in New York about concerns regarding debanking and regulations on cryptocurrency as he steps down from his role as Vice Chair for Supervision at the Federal Reserve Bank. When asked about pressures on banks during the discussion, Barr emphasized that the Fed strives to play “straight up the middle” on these issues while making sure that financial institutions comply with regulatory standards. Barr urges banks to engage in crypto responsibly or stay out Barr emphasized that the Federal Reserve does not discourage banks from engaging with crypto-related businesses, provided they comply…
For the first time in world history, crypto has ignited a constitutional debate over the feasibility of impeaching and removing a sitting President of a G20 country. President Javier Milei of Argentina promoted LIBRA, a Solana-based memecoin that Milei briefly promised would support Argentinian small businesses. After wallets controlled by serial crypto promoter Hayden Davis reportedly paid off Milei’s sister and pulled over $110 million in liquidity and trading fees from the token within a few minutes of its peak valuation, LIBRA started dumping and never rebounded. For the record, Davis has since distanced himself from these reports, stating that…
Leading global cryptocurrency exchange Binance has announced the removal of several spot trading pairs as part of routine market quality reviews. Binance to Delisting Multiple Spot Trading Pairs on February 21 The decision aims to protect users and maintain a high-quality trading environment, as factors such as low liquidity and trading volume contributed to the delisting. Affected Trading Pairs As of 06:00 on February 21, 2025, Binance will suspend trading on the following spot pairs: DOGS/BRL FET/BRL NEIRO/BRL NEIRO/EURO NOTE/EUR Important Considerations for Users BRL (Brazilian Real) and EUR (Euro) are fiat currencies and do not represent any digital asset.…
Crypto analyst Nicholas Merten is leaning bearish on Bitcoin (BTC) as the flagship crypto asset hovers around the $94,000 price tag. In a new video update, the host of DataDash tells his 510,000 YouTube subscribers that he is expecting Bitcoin to undergo a “major collapse” over the coming two weeks. “Bitcoin is starting to showcase not only really worrying signs with its price action, we are obviously seeing altcoins follow as well. And even macro recessionary indicators starting to flare up in a significant way.” According to Merten, the 21-day exponential moving average (EMA) – which had previously acted as…
Ethereum (ETH) is showing strong signs of accumulation and potential for an upcoming price surge. On-chain data indicates record-low exchange supply, suggesting a possible bullish breakout in the coming days and investors’ sentiment is also turning bullish. Blockchain analysis platform, Santiment, reports Ethereum is being moved off exchanges and into cold wallets swiftly. Only 6.38% of ETH’s total supply remains on exchanges, marking the lowest level since its inception. This declining exchange supply is a bullish signal alongside a positive shift in community sentiment. While ETH underperformed compared to other large-cap cryptocurrencies in 2024, renewed interest in February suggests anticipation…
The S&P 500 index has broken records again, closing at 6,129.58 on Tuesday. It touched an intraday peak of 6,129.63 earlier, pushing its year-to-date gains to 4.5%, according to data from Google Finance. Investors keep piling in, even as inflation worries and President Donald Trump’s trade policies hang over the market. The Dow Jones Industrial Average barely moved though, adding 10 points, or 0.02%, to land at 44,556.34, and the Nasdaq Composite managed to close at 20,041.26, gaining 0.07%, per Google Finance data. Stock futures didn’t do much overnight, with S&P 500 and Nasdaq 100 futures edging up less than…
A SOL market dynamic that characterized the March 2024 price top has reappeared, clouding the token’s bullish technical outlook. Last week, centralized exchanges recorded a hefty net inflow of $227.21 million in SOL, the token powering Solana’s smart contract blockchain, marking the highest influx since the third week of March, according to Coinglass. Back then, exchanges saw a net inflow of over $300 million in SOL. Interestingly, that moment coincided with SOL’s the-then price rally peaking near $200 and paving the way for a seven-month range play between $120 and $200. A large movement of coins to exchanges indicates that…
Democrats are not happy with Musk and DOGE’s access to federal data. To that end, they have filed a lawsuit calling the billionaire an “agent of chaos” in the federal government. They say the billionaire has been given virtually unchecked authority without proper legal authorization and supervision of his authority. The Trump administration has said that Musk does not have the power that people think. Both Trump and Musk have said that Musk is responsible for DOGE’s work cutting back on federal agencies. In fact, when Trump spoke about DOGE at a joint press conference last week, he mentioned that…