Author: NBTC
Whales have bought 1 billion XRP worth $2 billion, showcasing confidence in Ripple’s network despite market fluctuations. XRP wallets have increased by 58,000 in 2024, reflecting steady adoption and user growth in the cryptocurrency market. XRP charts signal a potential breakout with key resistance at $2.50 and support levels at $2.20 and $2.00. Recent data from Santiment, highlighted by crypto analyst Ali Martinez, reveals that whales have purchased approximately 1 billion XRP tokens, valued at over $2 billion. This surge in whale activity follows a price dip from a local peak of $2.90, showcasing significant interest from major investors despite…
Tornado Cash developer Alexey Pertsev will be released from prison on Friday, ending his pretrial detention ahead of his attempt to appeal his conviction last year on money laundering charges. The Netherlands resident, who has been in detention since 2022, is in the process of appealing his conviction on money laundering charges in connection with his work on developing Tornado Cash, a coin-mixing service used to mask the flow of Ethereum transactions. A Dutch court handed down a 64-month prison sentence to Pertsev in May 2024. Judith de Boer, Pertsev’s appeals lawyer, confirmed to Decrypt that Pertsev’s release is imminent.…
Bitcoin’s bullish momentum is gaining momentum as investors eye a return to $109,000 as Donald Trump takes office and expectations of a resurgence in spot Bitcoin exchange-traded funds (ETFs) grow. Bitcoin Investors Target $109K as Trump Inauguration Sparks Optimism, ETFs See Record Inflows The cryptocurrency has surged 10% in the past week, climbing above $102,000 on Monday and recouping almost all of its losses from the December crash. Bitcoin had fallen from a peak of $109,000 on Dec. 17 to a low of $92,000 on Dec. 30, temporarily raising concerns of a deeper correction. According to SoSoValue data, $987 million…
Cryptocurrency analytics firm Alphractal has indicated a shift in market sentiment, noting a decline in risk appetite for major digital assets such as Bitcoin (BTC) and Ethereum (ETH). In its latest report, the firm warns that Ethereum in particular is showing signs of high volatility. Alphractal’s proprietary Normalized Risk Metric (NRM) for Ethereum currently stands at 0.38, a level that has historically been associated with increased market turbulence. The firm points to past examples in 2019 and 2020 where similar NRM levels preceded strong price swings, both bullish surges and deep corrections. For example, the NRM scale works like this:…
Ripple’s CTO David Schwartz recently shared some thoughts on the company’s media strategy during its three-year legal battle with the Securities and Exchange Commission. The case ended with Ripple getting a partial victory, after they argued that XRP, the cryptocurrency associated with Ripple, should not be classed as a security. The court concluded that XRP is not a security, but the crypto company was fined for selling coins to institutional clients. This clarified the asset’s status, which has big implications for both the San Francisco-based company and the wider crypto market. Schwartz talked about the challenges Ripple faced in dealing…
Ethereum (ETH) endured a turbulent week, plunging to a massive low of $2,065 amid geopolitical trade war tensions before rebounding as investors capitalized on discounted prices, currently down 2.1% over the last day. Trade War Fears Rock ETH Ethereum opened the week at $3,200-$3,400 but crashed to a significant low of $2,065 on Feb. 3 as U.S. trade tariffs triggered a crypto-wide selloff. Prices rebounded sharply to $2,780 by Feb. 4, driven by whale accumulation and record ether exchange-traded fund (ETF) volumes totaling $1.5 billion. Despite the recovery, ETH remains 10% below its January close, reflecting persistent macroeconomic uncertainty. ETH…
According to a report by Phoenix Group, Real World Asset (RWA) projects make strides in the market with remarkable social engagement. Phoenix Group, a crypto analytical platform, has unveiled the latest rankings of top RWA projects by social activity by collaborating with LunarCrush. These projects are captivating the traction of the crypto community, highlighted by the report. $LINK, $AVAX, $ONDO, $INJ, $ICP, $VET, $QNT, $PROPS, $TOKEN, and $BKN have been the main attractions in the crypto market today. TOP #RWA PROJECTS BY SOCIAL ACTIVITY$LINK $AVAX $ONDO $INJ $ICP $VET $QNT $PROPS $TOKEN $BKN pic.twitter.com/WULMgXKuIf — PHOENIX – Crypto News &…
The chief lawyer of U.S. crypto exchange Coinbase (COIN) testified about the abuse of authority from regulators who erected barriers between banks and crypto firms in a hearing of the House Financial Services Committee on Thursday, marking the latest advance in the digital assets industry’s reversal of policy resistance in Washington. Coinbase Chief Legal Officer Paul Grewal’s complaints about “regulation by exhaustion” were met with wide agreement from Republican lawmakers eager to criticize the Biden administration’s crypto performance. The lawmakers also agreed with Grewal’s view that financial regulators such as the FDIC publicly insisted that they weren’t against crypto while…
Jito, the biggest liquid staking project on Solana, is doing well as the total value locked (TVL) in its platform and its fees hit a record high. According to data on its website, Jito (JTO) has a TVL of 14.6 million SOL, equivalent to $2.7 billion. This volume makes it the 14th biggest player in the decentralized finance industry and the third-largest liquid staking protocol after Lido and Binance Staked ETH. Jito is beating Solana, Ethereum, and Uniswap this year Jito has almost 150,000 users and has also flipped Solana (SOL), Ethereum (ETH), and Uniswap in fees made this year.…
Meta CEO Mark Zuckerberg visited the White House on Thursday to discuss Meta’s role in helping the Trump administration with America’s international tech leadership. In an X post company spokesman, Andy Stone said: Mark Zuckerberg was at the White House today to discuss how Meta can help the administration defend and advance American tech leadership abroad. Andy Stone The meeting comes just weeks after Zuckerberg attended Trump’s inauguration at the Capitol and appeared to get closer to the president’s circle. Zuckerberg aligns Meta with the Trump administration Facebook co-founder Mark Zuckerberg has repeatedly expressed optimism in recent weeks that President…