Author: NBTC
The market capitalization of tokenized gold climbed to a record $1.4 billion in March with trading volumes soaring to yearly highs, CoinDesk Data’s monthly stablecoin report shows. The growth in market value and activity happened alongside the physical yellow metal’s rally to fresh all-time highs above $3,000 per ounce. Tether’s gold-backed token (XAUT) and Paxos’ PAXG dominate among the offerings, with market capitalizations of $749 million and $653 million, respectively. The trading volume with gold tokens surpassed $1.6 billion through the month, the highest level in more than a year, according to the report. Gold-backed tokens’ market capitalization and trading…
Amid the growing push for consolidation in the broader crypto ecosystem, an unusual Shiba Inu whale transaction was flagged on-chain. Per data from Whale Alert, 3,368,549,976,020 SHIB were shifted on-chain in just one minute. Valued at $51,151,431, this marks one of the most significant single whale transactions since the start of the year. Shiba Inu whale transaction and SHIB price boost Large transactions worth at least $100,000 are seen every day in the Shiba Inu ecosystem. However, their frequency often differs. This latest whale transaction, per Whale Alert, moved between two anonymous wallets, showing how tedious it is to guess…
IRS will introduce Form 1099-DA for tokenized stocks and bonds starting in 2025. Brokers can use either Form 1099-B or 1099-DA during the transition until 2026. The new form aims to improve tax compliance and monitoring of tokenized securities. According to the most recent tax guidance from the Internal Revenue Service (IRS), extensive changes to the reporting of digital assets tax are expected from as early as 2025. More particularly, the agency is shifting tokenized stocks and bonds on option sales and other such transactions from the previously used Form 1099-B to the new Form 1099-DA. This form brings a…
Ecoinometrics highlights yet another significant Bitcoin ETF feat. In the year since the launch of spot Bitcoin ETFs, it has been hard to keep track of the milestones, and they are showing no signs of slowing. In the latest instance, a leading crypto research firm has highlighted that the products feature in yet another key list showcasing the growth of the premier crypto asset. Bitcoin in the Top 100 Ecoinometrics has highlighted yet another significant Bitcoin ETF feat. In an X post on Thursday, February 6, the platform disclosed that three Bitcoin ETFs now rank among the top 100 ETFs…
This is a segment from the Forward Guidance newsletter. To read full editions, subscribe. A tech fund portfolio manager at T. Rowe Price is keeping an eye on crypto, noting that the benefit of stablecoins is bringing more attention to the space. Dominic Rizzo, who leads the financial giant’s global technology equity strategy, called stablecoins “the most obvious use case for crypto” at the Exchange ETF conference Tuesday. They clearly have “big, big potential,” he added. The comments may prove timely, given the stablecoin headlines we’ve seen over the past week. We heard about World Liberty Financial’s USD1and that Fidelity…
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.…