Author: NBTC
According to data provided by Polymarket, the odds of an XRP ETF being approved by the U.S. Securities and Exchange Commission in 2025 have spiked sharply higher. At press time, Polymarket bettors see a 71% chance of an XRP ETF being greenlighted by the SEC this year. However, it is worth noting that this market has a low volume of just $6,128, which is why the current odds should be taken with a grain of salt. The market was launched on Jan. 1. The odds of an XRP ETF being approved by July 31 currently stand at 52%. With just…
Elon Musk’s Department of Government Efficiency, known as D.O.G.E, now has its hands deep inside the US Treasury’s payment systems, and lawmakers are freaking out, calling it a “national security disaster” waiting to happen. On Friday, the newly appointed Bitcoin-loving Treasury Secretary Scott Bessent approved D.O.G.E’s unrestricted access immediately after Elon asked. And just like that, Elon’s people now have their eyes on $6 trillion in federal payments. But I mean, much less qualified people have done that. This is the richest, and arguably most powerful person on the planet. And history has shown us that more times than not,…
The crypto market is on another wild ride, and Bitcoin, as always, is at the center of the action. Analysts and investors are making some bold price predictions for BTC, that show a massive variance with forecasts ranging between $120,000 and a mind-blowing $13 million! This extensive range brings out the polarization of opinions among analysts when it comes to Bitcoin. Short-Term Bitcoin Price Predictions Morgan Creek Capital CEO Mark Yusko thinks Bitcoin could hit somewhere between $120,000 and $150,000 by mid-2025. He believes its fair market value is $100,000, with a possible parabolic surge on top of that. But,…
Amid the notable price decline across the cryptocurrency market, Ethereum (ETH) has been making waves as it has gained significant attention from crypto investors. The major on-chain analytics firm Coinglass revealed that whales, investors, and long-term holders have been accumulating the token. $200 Million Worth Ethereum (ETH) Outflow Data revealed that exchanges across the world have witnessed a significant $200 million worth of outflows of ETH tokens. This substantial outflow, amid bearish market sentiment, hints at potential accumulation and has the potential to cause heavy buying pressure and further upside rally. However, this significant outflow from the exchanges began when…
Tether is touting its tokenization platform Hadron and its investment in Quantoz as part of its European strategy amid regulatory pressures that have led to USDT delistings under the EU’s Markets in Crypto-Assets (MiCA) framework. In a statement to CryptoSlate on Jan. 30, Tether confirmed its commitment to pushing Hadron and Quantoz while finalizing its USDT strategy for the European market. Hadron serves as a tokenization platform, enabling the creation of digital assets, including stocks, bonds, stablecoins, and loyalty rewards. Meanwhile, Quantoz, a Dutch company Tether invested in 2024, has launched two MiCA-compliant stablecoins, EURQ and USDQ. Tether stated that…
The Solana price surged by 14% following reports of President-elect Donald Trump exploring a strategic reserve for cryptocurrencies, focusing on US-originated digital assets. The proposed reserve would prioritize cryptocurrencies such as Solana (SOL), USD Coin (USDC), and Ripple’s XRP. Trump to Create Solana, XRP Reserve? In recent weeks, Trump has reportedly engaged with the creators of these cryptocurrencies, signaling potential support for the initiative. According to sources familiar with the discussions, the plan has sparked debates within the crypto community. Some insiders expressed concerns that emphasizing US-based digital currencies could overshadow global leaders like Bitcoin, which many enthusiasts consider foundational…
Ripple Labs, originally named OpenCoin, was founded to create a decentralized system for faster, cheaper transactions, bridging digital assets with mainstream finance using XRP. Unlike Bitcoin, Ripple employs a unique consensus algorithm relying on bank-controlled validators. In 2020, the SEC sued Ripple, alleging XRP was an unregistered security. A court later ruled XRP was not a security for retail sales but found violations in institutional sales. With a new crypto-friendly SEC administration, Ripple hopes for regulatory clarity and has urged the agency to drop the case initiated under former SEC Chair Jay Clayton. SEC v. Ripple complete timeline The legal…
Over the past 24 hours, a staggering $903 million worth of BTC has been moved in various transactions, sparking speculation about the reasons behind such large transfers. Blockchain data tracker Whale Alert spotted 10 separate Bitcoin high-value transactions, with BTC being moved between unknown wallets and major exchanges, mostly involving Kraken, but also including Binance and Robinhood. 🚨 🚨 🚨 620 #BTC (58,495,235 USD) transferred from #Kraken to unknown wallethttps://t.co/0YvAcenIyX — Whale Alert (@whale_alert) January 11, 2025 The transactions, which total over $903 million BTC moved, are as follows: 620 BTC worth $58,495,235; 888 BTC worth $83,875,225 and 1,027 BTC…
The cryptocurrency market, led by Ethereum (ETH) and Bitcoin (BTC), shed more than $500 billion in net valuation since Friday to hover about $3.16 trillion on Monday, February 3, during the early Asian session. Following the heavy deleveraging in the crypto market, more than $2.1 billion was liquidated in the past 24 hours, higher than the FTX and COVID-19-induced crypto crashes. Bitcoin price has dropped more than 10 percent in the past two weeks to retest a crucial support level above $91k. Ethereum price shed more than 30 percent in the past two weeks to retest the multi-month support level…
This is a segment from the Forward Guidance newsletter. To read full editions, subscribe. Advance Q4 GDP estimates show growth slowed more than expected at the end of 2024, but annual growth still came in at a healthy level. The Bureau of Economic Analysis says the US economy grew by 2.8% in 2024, down slightly from 2023, which saw a 2.9% increase. 2% is the accepted threshold for developed countries. Inflation-adjusted GDP for the final months of 2024 came in at 2.3%, lower than projections of 2.4%. Q3 GDP was adjusted to 3.1% growth. Personal spending in Q4 was up…