Author: NBTC
The overall cryptocurrency market is causing confusion due to heavy volatility. Amid this, whales and investors seem to be adding valuable tokens as they trade at discounted levels. Today, February 11, 2025, a prominent crypto expert posted on X (formerly Twitter) that whales have picked Ethereum (ETH) as the best investment opportunity, having added millions of dollars worth of ETH in the past week. 1 Million Ethereum (ETH) Withdrawn From Exchanges In a post on X, the expert noted that more than 1 million Ethereum (ETH) have been withdrawn from exchanges in the past week. Such a notable outflow or…
The South Korean legal system discharged HSBC Holdings Plc. of all charges in relation to illegal short selling, a ruling that is seen as a nod to the government’s fairness in its efforts to combat stock trading abuses. South Korean authorities appear to be strengthening the regulation of financial sectors, including the developing cryptocurrency trading sector. Seoul court clears HSBC as crypto oversight tightens In March of last year, South Korean prosecutors charged HSBC and three traders from its Hong Kong office with naked short-selling shares, resulting in a charge of 15.8 billion won ($10.9 million). The Seoul Southern District…
Speculation around the approval of a spot XRP ETF has heightened interest in the crypto market. Predictions for XRP price trajectory in 2025 have seen a significant boost as investors closely monitor developments. What Are The Odds of XRP ETF Approval? According to Polymarket data, the probability of an XRP ETF being approved has climbed to 69%, marking a 21% increase lately. This sudden rise in likelihood reflects growing confidence among market participants, many of whom view XRP as a potential leader in crypto investment products. A prior forecast indicated a 48% probability of approval by mid-2025. Nonetheless, recent shifts…
Cryptocurrency funds, predominantly led by Bitcoin and Ethereum ETFs, have added $585 million worth of assets in the first three days of 2025 after ending the year with a big round of profit-taking and outflows. The strong start comes off the back of a record-setting year for crypto-based exchange-traded products, according to a new report from digital asset manager CoinShares. All told, $44 billion worth of assets flowed into such funds—more than four times the previous record from 2021, wrote CoinShares Head of Research James Butterfill. Bitcoin funds now account for 29% of the assets under management being tracked by…
Ethereum has reached “one of its deepest undervaluation zones in years,” according to analysts at crypto asset manager Bitwise. A note shared with Decrypt says the second-largest cryptocurrency has been “consistently underperforming” against Bitcoin since late 2022, with ETH/BTC values suffering as a result. At the time of writing, 1 ETH buys 0.027 BTC—down 47% over the past 12 months, according to CoinGecko data. But Bitwise Europe’s head of research, Andre Dragosch, argues Ethereum “is fundamentally mispriced relative to on-chain activity and adoption metrics.” Growing interest in artificial intelligence, meme coins and the tokenization of real-world assets have been blamed…
11 February 2025 – Tether, the largest company in the digital assets industry, has completed a strategic investment in Zengo Wallet, a leading self-custodial crypto wallet known for its focus on security and usability. The investment underscores Tether’s commitment to advancing secure self-custody solutions and driving the global adoption of stablecoins. Zengo Wallet is recognized for its innovative approach to self-custody, eliminating traditional seed phrase vulnerabilities while building a record of success. Since its launch in 2019, the wallet has served over 1.5 million users worldwide, protecting digital assets without a single wallet being hacked, phished, or taken over. This…
Amid the renewed corrections in the broader cryptocurrency markets, an upcoming meme coin Pippin (PIPPIN) is making waves with its incredible performance. Apart from its performance, it is gaining traction among whales meaning that increasing numbers of investors and traders are showing interest in it. Whale accumulates Pippin Today January 10, crypto analyst AI Yi shared an interesting post on the X platform. According to the data, a whale spent $1.324 million to buy Pippin at an average cost of $0.2297 for each token. As per the data, this is the first time the wallet address has purchased Pippin. The…
Bitcoin (BTC) reclaimed the $102,000 price level on Jan. 6 after climbing 4% over the day amid a wider market rally as accumulation continues to outpace profit-taking, based on CryptoSlate data. The flagship crypto was trading at $101,630 as of press time after failing to sustain upward momentum as US markets closed for the day. The recovery comes as sell-side liquidity continues to shrink, according to the latest Bitfinex Alpha report. Bitcoin’s return to the $102,000 range comes after a sharp 15% correction from its all-time high (ATH) of $108,100, achieved on Dec. 17, 2024. The correction followed a 61%…
Ethereum (ETH) remains under the $2,700 level despite Bitcoin’s resilience, as the broader crypto market and top altcoins rebound. Traders appear to be shrugging off concerns over China’s DeepSeek artificial intelligence advances and U.S. President Donald Trump’s tariffs. The largest altcoin’s price performance remains underwhelming, however this could change as sentiment among traders turned positive, according to data provider Cryptoeq. Table of Contents Ethereum price struggles even as on-chain metrics turn bullish Whales accumulate Ether while institutions are indecisive: Bull case Experts says Ethereum value proposition is strong Staked Ether plateaus as institutional attention is focused on Bitcoin: Bear case…
A new investment vehicle, the KvarnPortugal Fund, is set to allow investors a way to gain exposure to the cryptocurrency sector while also presenting a potential pathway to Portuguese residency or citizenship. The fund is the result of a partnership between Fundbox, a Portuguese fund management company, and Kvarn X, aEuropean cryptocurrency investment platform. The fund’s subscription period ends in Feb. 2027, according to its website, and features a 0.05% management fee, along with a one-off 2.5% subscription fee. On top of these, investors also have to cover a €1,250 ($1289) know-your-customer (KYC) fee. The fund has an 80/20 profit…