Author: NBTC
US Bitcoin ETFs will soon catch up to gold ETFs in size if they maintain their current accumulation rate. Bloomberg ETF analyst Eric Balchunas suggests these funds could eclipse gold ETFs by Christmas. As of November 23, Bitcoin ETFs in the US reached $107 billion in assets, which represents around 86% of the total net assets of gold ETFs, according to data combined by Balchunas and HODL15Capital. “They only lag gold ETFs by $23b, good shot to surpass by Xmas,” Balchunas stated. Bitcoin ETFs are closing the gap with Satoshi Nakamoto. These funds currently hold approximately 98% of Satoshi’s estimated…
Cryptocurrency price analysis brought by Coinidol.com. The price of Ethereum (ETH) has fallen below the moving average lines after rejecting the high at $3,746. ETH price long-term analysis: bearish Buyers have failed to sustain the positive momentum until the key price level of $4,000. Today, the largest altcoin was rejected at the $3,700 high and fell to $3,312. The selling pressure has eased and the altcoin is now hovering around the $3,300 support level. Since December 26, the bears have failed to push the price below the $3,300 support level. However, if Ether loses its $3,300 support, the market will…
As the Fed enters 2025, in a strong economy with inflation still running above its 2% target, Kansas City Fed President Schmid, a voting member of the Federal Open Market Committee (FOMC), made statements indicating a cautious approach to monetary policy adjustments. Speaking today at the Kansas City Economic Club, Schmid said interest rates may be approaching their long-run equilibrium. “We are now very close to achieving the dual goals of price stability and full employment,” Schmid said. He noted that inflation is gradually moving toward the Fed’s goal, economic growth continues to accelerate and the labor market remains healthy,…
Bullish momentum around the XRP ecosystem has seen it record significant milestones in market cap, new users, trading volume, and open interest. The XRPL native token has been one of the best-performing crypto assets in the past month. Macroeconomic boasts and imminent innovations in the XRP ecosystem have spurred an almost fourfold increment in the past 30 days. On Monday, XRP returned to the top three cryptocurrency rankings by market cap, surpassing notable assets like Solana and Tether’s USDT. The rapidly growing asset surged to a six-year high today, hitting a market cap of $140 billion. In few Hours $XRP…
Terraform Labs co-founder Do Kwon is scheduled to be tried on Jan. 26, 2026, according to a status conference following his extradition to the US, Inner City Press reported on Jan. 8. The court has scheduled a pretrial conference for Mar. 6, 2025, with updates due by Feb. 27. Judge Paul Engelmayer has encouraged plea discussions. However, both parties anticipate the case will proceed to trial. Federal prosecutors argued that the Terraform ecosystem was built on deceptive practices. Assistant US Attorney Jared Lenow described Terraform’s operations as a “Potemkin village,” alleging that the company’s products were unstable and required manipulation…
Garanti BBVA Kripto, a subsidiary of Turkey’s Garanti BBVA, has announced a partnership with Luxembourg-based cryptocurrency exchange Bitstamp to provide crypto trading services to its customers. Turkish Bank Subsidiary Collaborates With Bitstamp This collaboration represents the first liquidity provider partnership for Garanti BBVA Kripto since its establishment in May 2023. The agreement designates Bitstamp as the principal liquidity provider for the platform, enabling access to a variety of digital assets through its Bitstamp-as-a-Service solution. This initiative is designed to integrate traditional financial services with the expanding cryptocurrency sector in Turkey. Renowned for its adherence to regulatory standards and global financial…
U.S.-listed bitcoin (BTC) miners accounted for 25.3% of the global network in December, Jefferies said in a research report on Thursday. The bank cut its price target for MARA Holdings (MARA) to $20 from $24, while maintaining its hold rating on the stock. The shares rose 0.5% to $18.43 during early trading Friday. Mining profitability improved in December as the average price of bitcoin gained 15%, outpacing the increase in the network hashrate, which was 6.5% higher, the report said. The hashrate refers to the total combined computational power used to mine and process transactions on a proof-of-work blockchain and…
EON Chain has announced its strategic collaboration with Zenqira to reinvent the decentralized blockchain and AI ecosystems. This partnership aims to unveil the optimized performance of decentralized infrastructure. It also wants to unlock AI-driven solutions to the joined partner’s ecosystems. 📢 Partnership Announcement 🚀🌟 EON x Zenqira 🌟We’re thrilled to announce our partnership with @zenqiratech to revolutionize decentralized blockchain and AI ecosystems!🌐 Together, EON Chain and Zenqira are combining forces to unlock the full potential of decentralized… pic.twitter.com/6SSR7Rm8Lp — EON Chain (@eon_chain) January 8, 2025 This collaboration will foster innovation while strengthening global communities. EON Chain and Zenqira, by combining…
What is Gwei in crypto? In the Ethereum network, Gas is used to pay for transaction fees. Gas prices are typically denominated in Gwei. Let’s take a closer look at what Gwei is and how it impacts your Ethereum (ETH) transactions. Table of Contents What is Gwei? Gwei explained Gwei and its role in transaction speed and cost How to calculate gas fees in Gwei? Factors that influence Gwei prices The future of Gwei and Ethereum gas fees What is Gwei? Gwei explained What does Gwei mean in crypto? It’s essentially the “spare change” of Ethereum, representing one billionth of…
Kathryn Rooney Vera, Chief Market Strategist at StoneX, appeared on CNBC’s Squawk Box to share her views on the Fed’s policy outlook. Despite ongoing concerns about inflation and economic growth, Vera suggested the Fed could implement two rate cuts this year, but not until the second half. “Stock markets are closed today for the funeral of former President Carter, but investors are awaiting tomorrow’s employment report,” Vera said, expressing cautious optimism about the U.S. economy while acknowledging ongoing inflationary pressures and fiscal challenges. Asked about inflation, Vera said that continued economic growth above potential could further increase inflation. “If the…