Author: NBTC
Ethereum price has drifted to the red zone along with the majority of the top 10 coins. ETH is down by more than two percent and is trading slightly below the $3300 level at the time of writing. Long-Term Analysis: Approaching the End of the Cycle Looking at Ethereum’s long-term chart, the market follows an Elliott Wave pattern, which helps analyze market sentiment. While the analysis remains somewhat subjective, Fibonacci levels and support areas add an element of objectivity. Ethereum is currently in an uptrend and may be nearing the completion of a larger cycle. After forming Waves 1, 2,…
Grayscale Investments raised Bitcoin and Ethereum allocations to a combined 90% in its Digital Large Cap Fund during its Q4 2024 rebalancing. Bitcoin maintains a 73.52% share, while Ethereum holds 16.16% of the portfolio. The asset manager removed Avalanche from the fund and added Cardano with a 1.44% allocation. XRP and Solana maintain positions of 5.05% and 3.83%, respectively. The changes follow Cardano’s 75% price increase over the past year, while Avalanche showed weaker performance during the same period. The rebalancing, which follows CoinDesk Large Cap Select Index methodology, extended to several other Grayscale products. The Decentralized AI Fund added…
On Jan. 6, 2025, Coinbase CLO Paul Grewal took to X to continue his coverage of the ongoing process of legal encounter with the FDIC that admitted to sending “pause letters” to the banks, urging them to stop services to crypto clients. According to Grewal, the FDIC abused FOIA exemption 8 in an attempt to hide court-compelled info. Table of Contents Why did the FDIC redact disclose documents? The “pause letters” recap Is Operation Choke Point 2.0 real? Coinbase sued the Federal Deposit Insurance Corporation to enforce the Freedom of Information Act. Initially, the request was denied by the FDIC.…
Decentralized exchanges (DEXs) are growing in popularity among crypto users. In the past year, DEXs have generated significant competition for centralized exchanges (CEXs) that currently control trading. In a conversation with BeInCrypto, industry experts from CoinGecko, Gate.io, and PancakeSwap said they expect DEXs to grow in 2025 but also suggested that CEXs will still be top contenders for newcomers. The Success of CEXs and DEXs Since the beginning of crypto trading, CEXs like Coinbase and Binance have dominated the crypto market. These exchanges currently amass over 300 million users combined, offering high liquidity, and serving as easy-to-use platforms for junior…
With Bitcoin—a 21st-century newcomer—at an all-time high and blockchain technology at a pivotal juncture, it’s an ideal moment to reflect on the roots of innovation. One story from British history comes to mind, illustrating ingenuity, adaptability, and the power of looking beyond traditional approaches. The following opinion editorial was written by Andrew MacKenzie, the Founder of Agant.io, a UK-based fintech company committed to advancing secure and transparent on-chain financial services. Agant is developing GBPA, a fully backed pound sterling stablecoin that combines open banking integration with robust UK regulatory standards. Andrew and his partners at Agant envision a platform built…
Bitcoin miners have been actively reducing their holdings in recent weeks as the coin’s price continues to hover below the critical $100,000 mark. At press time, the leading coin trades at $98,535, noting a 1% decline from its all-time high of $99,860 recorded during Friday session. As the BTC market begins to trend sideways, its miners may be prompted to further distribute their holdings for profit or to offset growing mining costs. Bitcoin Miners Sell Their Holdings According to CryptoQuant’s data, Bitcoin’s miner reserve has fallen to its lowest level since the beginning of the year. As of this writing,…
With the cryptocurrency bull market still on course, a seasoned analyst has asserted that Ethereum will disappoint this cycle. The crypto market has entered the last year of its bull cycle, renowned for massive upsides and a possible peak. Altcoins have benefited from this bullish scenario, led by the sector’s leader, Ethereum. Market expert Egrag Crypto has suggested that Ethereum will disappoint many this cycle. In a Wednesday post, he provided a detailed analysis of the asset’s expected performance, including price, market cap, and dominance peaks. Market Cap and Price Prediction Egrag dissected Ethereum’s market cap performance using Fibonacci levels…
In 2023, Protos interviewed Fabio Frontini, the fund manager of Malta-based Heka Funds. Heka is one of the biggest Tether whales, and with its Elysium Global Arbitrage Fund, it arbitrages tether (USDT) by buying and selling around its intended $1 peg. Protos recently interviewed Frontini again, this time about the latest developments in crypto, including the effect of MicroStrategy’s (MSTR) historic acquisition spree of 447,470 bitcoins (BTC) – 2.2% of the world’s circulating supply. We began by asking Frontini whether he thinks MicroStrategy poses a structural risk to the BTC market. “That is a very good question!” he said. “We…
Ripple (XRP), which has been in a legal battle with the SEC for years, has seen a tremendous rise after Donald Trump won the presidential election. XRP, which was below $1, first exceeded $1, and then rose above $2 with a sudden increase yesterday. While XRP has risen to $2.45 with its rally, the reasons for this rise are wondered. At this point, blockchain analytics firm Scopescan said that Korean investors are likely behind the recent rise of XRP. Scopescan, who pointed out that Korean investors fueled the recent XRP increase in his post from the X account, added that…
Though U.S. Commodity Futures and Trading Commission chief Rostin Behnam never managed to make it happen, the derivatives watchdog is likely to one day play a more prominent role in overseeing cryptocurrency trading, something he will “continue to advocate” for after he’s gone. Behnam, who will step down on January 20 to make way for President-elect Donald Trump’s future appointee, said crypto “dominated every season of my tenure,” according to what will be his last public remarks as chairman delivered on Wednesday at the Brookings Institution. “Concerns regarding customer protections, increasing instances of fraud and market abuse, broader market resiliency,…