Author: NBTC
Ether (ETH), the second largest cryptocurrency by market capitalization, recently sunk to its weakest price compared to bitcoin (BTC) since late 2020 in a trade war-fueled panic crash, but a relief bounce might be on the horizon. “ETH looks to be trying to establish some bullish momentum and could be looking to finally make a recovery back above $3,000,” LMAX strategist Joel Kruger said in a Tuesday morning report. “Sentiment towards the world’s second largest crypto asset has been back on the rise with many medium and longer-term players stepping in to take advantage of the recent dip,” he added.…
Wall Street banks are pushing to land crypto IPO deals as Trump works to make the U.S. a crypto hub. Big banks are looking to make more money more with crypto firms as initial public offering opportunities loom, Bloomberg reports, citing people familiar with the matter. According to a Feb. 10 report, Morgan Stanley is now actively seeking crypto clients, while Bank of America is considering more deals, and Royal Bank of Canada wants to expand its crypto portfolio. The spark of interest comes as exchanges like Gemini and Bullish consider going public. Kraken and stablecoin issuer Circle have also…
The post-election rally sparked by Donald Trump’s November 5 US presidential victory has significantly cooled, leading the broader market into a consolidation phase since early 2025. Despite this slowdown, crypto whales remain active, ramping up their accumulation of select assets in the first week of the year. Among the tokens drawing heightened whale interest are Toncoin (TON), Shiba Inu (SHIB), and Artificial Superintelligence Alliance (FET). Toncoin (TON) Telegram-linked Toncoin (TON) is among the altcoins that crypto whales bought this week. The surge in its large holders’ netflow confirms this. According to IntoTheBlock, this has rocketed by 220% in the past…
Cryptocurrency analytics firm CryptoQuant has published a new analysis suggesting that the cryptocurrency market may be entering the later stages of the current bull cycle that began in January 2023. Since the start of the current bull cycle, Bitcoin has seen significant gains in both price and investor activity. A surge in new investments and additional funds from existing holders has fueled BTC’s upward momentum. However, CryptoQuant analysts now believe the market is approaching a turning point. One focus of the report is the percentage of Bitcoin traded over the past month, as measured by realized market cap and UTXO…
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…