Author: NBTC
Despite its broader cost-cutting push, Julius Baer appears to be signaling an ongoing focus on digital assets with a key crypto hire. Swiss wealth management group Julius Baer is cutting costs under its new CEO Stefan Bollinger, but the bank seems to be keeping an interest in digital assets by hiring crypto specialist Michael Martin, who has joined as a client advisor in Zurich, focusing on digital assets. In a LinkedIn announcement, Martin said he’ll be advising clients “with needs in the area of digital assets.” “I look forward to supporting our clients — whether they value our deep experience…
The cryptocurrency market has been plunged into a decline this week, with global crypto market capitalization dropping by 11% in the past seven days. As the market continues to face volatility, crypto whales have been acquiring specific altcoins to navigate the downturn. Some of the tokens that are attracting attention from major investors during the first week of February are Dogecoin (DOGE), Pepe (PEPE), and Cardano (ADA). Dogecoin (DOGE) Leading meme coin DOGE has enjoyed significant whale attention this week. The triple-digit surge in its large holders’ netflow, which has spiked by 112% in the past seven days, reflects the…
The Senate Banking Committee has reportedly delayed its vote on the nomination of Paul Atkins as the next chair of the U.S. Securities and Exchange Commission Journalist and host of Crypto in America podcast Eleanor Terrett, shared this development via X. The former FOX Business reporter cited a Senate aide as the source of the news. According to the aide, the committee will “not vote today on Atkins or the other nominees, as is typical practice.” Instead, nominees will be required to submit written responses to committee questions ahead of a markup vote. A date for that vote has not…
Ethereum price crashed by over 6% on Friday, continuing a downtrend that started on March 24 when it peaked at $2,105. Ethereum (ETH) dropped to a low of $1,880, its lowest level since March 18. It has now erased most of the gains made in the past two weeks. Ether crashed after the US released hot inflation data, pointing to higher interest rates for longer. The core Personal Consumption Expenditure Index rose from 2.7% in January to 2.8% in February. The headline PCE rose to 2.5%, higher than the Federal Reserve target of 2.0%. These numbers mean that inflation will…
Coinbase International Exchange and Coinbase Advanced will introduce support for BNB perpetual futures starting next week. This development marks a significant expansion of Coinbase’s derivatives offerings. The BNB-PERP market will launch on or after 9:30 AM UTC on April 3, 2025. Coinbase Will Support BNB Perpetual Contracts In an official statement, Coinbase International Exchange confirmed the move and revealed plans to add support for BNB perpetual futures starting next week. “We will add support for BNB perpetual futures on Coinbase International Exchange and Coinbase Advanced. The opening of our BNB-PERP market will begin on or after 9:30 am UTC 3…
Bitcoin (BTC), the largest cryptocurrency, continues to lag, failing to pique market interest. Since recovering from its drop on Monday, BTC has struggled to gain traction above $100,000. Market sentiment has most likely been repressed. At the time of writing, Bitcoin was up 0.02% in the last 24 hours to $98,928, slightly rebounding from a three-day slide since Monday’s rise to $102,559. Bitcoin has been trading in a range below the daily SMA 50 at $98,726 after falling from highs of $101,812 on Tuesday. Bitcoin’s attempt to decisively breach $99,000 was thwarted in the last two daily sessions, with the…
Donald Trump is waging a “quiet and consistent war” on the Federal Reserve, not through direct confrontation, but by reshaping the foundations of U.S. macroeconomic policy, according to Nigel Green. Green, the CEO of financial advisory firmDeVere Group, said in a statement to crypto.news that U.S. President Donald Trump’s tariffs and trade wars dominate headlines while there are two overlooked strategies that are central to the president’s economic playbook: stablecoins and cheap oil. “They’re the twin tools of Trumpian macroeconomics: digital monetary dominance and physical price suppression,” says Green. Stablecoins as a weapon of monetary dominance Green sees the rise…
The TON ecosystem has suffered in the past week, with significant drops in user engagement and increasing selling pressure. The number of new users has dropped by a staggering 95% since the network’s July all-time high. These negative metrics represent a decline in investor confidence and raise questions over whether the ecosystem is losing its long-term appeal. On-Chain Data Paints a Grim Picture for TON According to data from DefiLlama, The Open Network (TON) experienced a peak in Total Value Locked (TVL) in mid-July, reaching $773 million. Since then, its value has been in constant decline. Today, the ecosystem’s TVL…
The U.S. Securities and Exchange Commission (SEC) has officially announced that its civil enforcement actions against major cryptocurrency firms Kraken, Consensys, and Cumberland have been dropped. In separate filings, the SEC said it has reached joint agreements with Payward Inc. and Payward Ventures Inc. (collectively known as Kraken), Consensys Software Inc. and Cumberland DRW LLC to dismiss the lawsuits with prejudice. The SEC explained that the decision was based not on the merits of the allegations in the respective lawsuits but on a broader effort to reform and refresh its regulatory stance. The SEC emphasized that the dismissal of these…
Today, two newly created wallets have sold 14,064 Ethereum ($ETH) for 27.5 million $DAI at an average price of $1,959. This has been reported by blockchain analytics firm Spot On Chain in a latest tweet. The transactions, which took place through decentralized finance (DeFi) platforms THORChain and Chainflip, have sparked suspicions of money laundering. This is because of the fresh origin of the $ETH through these protocols. In the last 8 hours, two new wallets dumped 14,064 $ETH for 27.5M $DAI at an average of $1,959!What’s interesting? All their $ETH just freshly came through #THORChain and #Chainflip. Coincidence or laundering?Follow…