Author: NBTC
Traders who own Ethereum in their FTX holdings stand to gain back $2,500 as FTX repayments for its Bahamas creditors start this month. The FTX repayment plan, scheduled to start on Feb. 18, will repay creditors’ claims in full, including interests, through BitGo. However, customers will not be able to gain additional profit from current market prices for their FTX holdings, as the repayment plan will refund crypto holdings in accordance with November 2022 prices. This means that traders who held Bitcoin (BTC) in the now-fallen crypto exchange will only receive repayment capped at $20,000 per Bitcoin for 98% of…
Russia and India now conduct nearly 90% of direct transactions in their national currencies, deepening financial ties and accelerating the global shift away from the U.S. dollar. Moscow and New Delhi Tighten Financial Ties—Is the Dollar Era Ending? Countries worldwide are increasingly shifting away from reliance on the U.S. dollar in international trade, a process known as dedollarization. Russia and India have strengthened their financial cooperation, with nearly 90% of direct transactions now conducted in their respective national currencies. Russian Ambassador to India Denis Alipov stated in an interview with Tass: Mutual payments in national currencies are stable. As of…
SUI surpassed Arbitrum in decentralized exchange (DEX) volume this past week for the first time in history, marking a significant milestone. The data showed SUI’s DEX volume reaching $405,353,494 on January 5, 2025, compared to Arbitrum’s $360,931,092. This development not only highlighted SUI’s growing liquidity and user engagement but also its rising prominence within the decentralized finance (DeFi) landscape. The DEX volume surge in SUI reflected broader market dynamics and investor confidence. Such a flip in volume supremacy suggested a shift in user preference and technological robustness, potentially influencing future investment and development strategies across both platforms. SUI DEX Volume…
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…