Author: NBTC
Bitcoin (BTC), the largest cryptocurrency, continues to lag, failing to pique market interest. Since recovering from its drop on Monday, BTC has struggled to gain traction above $100,000. Market sentiment has most likely been repressed. At the time of writing, Bitcoin was up 0.02% in the last 24 hours to $98,928, slightly rebounding from a three-day slide since Monday’s rise to $102,559. Bitcoin has been trading in a range below the daily SMA 50 at $98,726 after falling from highs of $101,812 on Tuesday. Bitcoin’s attempt to decisively breach $99,000 was thwarted in the last two daily sessions, with the…
Donald Trump is waging a “quiet and consistent war” on the Federal Reserve, not through direct confrontation, but by reshaping the foundations of U.S. macroeconomic policy, according to Nigel Green. Green, the CEO of financial advisory firmDeVere Group, said in a statement to crypto.news that U.S. President Donald Trump’s tariffs and trade wars dominate headlines while there are two overlooked strategies that are central to the president’s economic playbook: stablecoins and cheap oil. “They’re the twin tools of Trumpian macroeconomics: digital monetary dominance and physical price suppression,” says Green. Stablecoins as a weapon of monetary dominance Green sees the rise…
The TON ecosystem has suffered in the past week, with significant drops in user engagement and increasing selling pressure. The number of new users has dropped by a staggering 95% since the network’s July all-time high. These negative metrics represent a decline in investor confidence and raise questions over whether the ecosystem is losing its long-term appeal. On-Chain Data Paints a Grim Picture for TON According to data from DefiLlama, The Open Network (TON) experienced a peak in Total Value Locked (TVL) in mid-July, reaching $773 million. Since then, its value has been in constant decline. Today, the ecosystem’s TVL…
The U.S. Securities and Exchange Commission (SEC) has officially announced that its civil enforcement actions against major cryptocurrency firms Kraken, Consensys, and Cumberland have been dropped. In separate filings, the SEC said it has reached joint agreements with Payward Inc. and Payward Ventures Inc. (collectively known as Kraken), Consensys Software Inc. and Cumberland DRW LLC to dismiss the lawsuits with prejudice. The SEC explained that the decision was based not on the merits of the allegations in the respective lawsuits but on a broader effort to reform and refresh its regulatory stance. The SEC emphasized that the dismissal of these…
Today, two newly created wallets have sold 14,064 Ethereum ($ETH) for 27.5 million $DAI at an average price of $1,959. This has been reported by blockchain analytics firm Spot On Chain in a latest tweet. The transactions, which took place through decentralized finance (DeFi) platforms THORChain and Chainflip, have sparked suspicions of money laundering. This is because of the fresh origin of the $ETH through these protocols. In the last 8 hours, two new wallets dumped 14,064 $ETH for 27.5M $DAI at an average of $1,959!What’s interesting? All their $ETH just freshly came through #THORChain and #Chainflip. Coincidence or laundering?Follow…
Hyperliquid, a new crypto exchange specializing in leveraged memecoin trading, has been capturing market share from its well-established global rivals like Binance. Benefiting from two particular features, namely copy-trading and leveraged trading contests, it has attracted disproportionate media attention. At first glance, certain numbers sound impressive. For example, over the past three months, Hyperliquid’s perpetual futures trade volume has grown 74% from $1.9 billion to $3.3 billion. That outperforms even market leader Binance, which grew 42% in the same category during the same time period. Using similar metrics that emphasize percentages rather than absolute dollar amounts, some people have started…
Prominent on-chain data agency Glassnode has published a tweet, revealing that since mid-December last year, retail investors have started accumulating Bitcoin much faster than before. This coincided with notable price surges of the world’s flagship cryptocurrency during the last month of 2024. Meanwhile, Bitcoin price has reacted to the released US jobs report, regaining the $100,000 price level. Retail investors stacking a lot of BTC daily Glassnode has revealed that retail investors (who are holding slightly less or slightly more than one Bitcoin) have accelerated accumulating BTC recently. Since the middle of December, they have been stacking 10,627 Bitcoins per…
Is Strategy (MSTR) in trouble? Led by Executive Chairman Michael Saylor, the firm formerly known as MicroStrategy has vacuumed up 506,137 bitcoin (BTC), currently worth roughly $44 billion at BTC’s current price near $87,000, in the span of about five years. To the casual observer, the company seems to have a magic, unlimited pool of funds from which to draw on to buy more bitcoin. But Strategy acquired a sizable chunk of its stash by issuing billions of dollars in equity and convertible notes (debt securities which can be converted into equity under special conditions), and more recently via the…
According to the recent Polymarket data, there’s a 18% chance that Kanye West will launch his own cryptocurrency by the end of this month. The poll was created about Kanye West launching his cryptocurrency after he posted a message on X stating” When people make all that money with a coin is it cash or concept?”. This has sparked a lot of speculation about West’s potential entry into the crypto world. Polymarket indicates 18% chance of Kanye West launching a coin by the end of the month Tweet that started the Polymarket Poll Celebrity Cryptocurrencies: A Growing Trend This is…
Senator Bernie Moreno recently criticized former SEC Chairman Gary Gensler, labeling him “one of the stupidest people in government.” Moreno, who gained attention for defeating Elizabeth Warren’s anti-crypto efforts in Ohio, made the comment during a recent hearing, where he was addressing Paul Atkins. In 2024, during a Bitcoin conference, Donald Trump promised that if he were elected, he would fire Gensler on his first day in office. In November, after Trump won, Gensler decided to step down and announced his resignation. Now, Gensler’s replacement, Mr. Atkins, has been chosen to lead the SEC. Gensler faced criticism for his tough…