Author: NBTC
Bitcoin (BTC) rose to as high as $94,700, buoyed by optimism about a potential easing of US-China tariff tensions and a significant influx of institutional capital. However, on-chain analytics platform Glassnode warns that the market has not yet fully moved into bullish territory. In a recent report, Glassnode noted that US spot Bitcoin ETFs saw a record $1.54 billion net inflow on April 22, indicating a wave of institutional demand. This surge helped BTC briefly reclaim its Short-Term Holder (STH) Cost Floor of $92,900, a critical threshold that typically separates bearish and bullish market phases. During the rally, approximately 5%…
This is a segment from the Forward Guidance newsletter. To read full editions, subscribe. President Trump is still going after Fed Chair Powell. In a Monday Truth Social Post, Trump reiterated that he wants to see lower interest rates now, adding that Powell is “a major loser.” Trump is hardly the first president to voice frustrations with the Fed and its leadership. But he is the only sitting president in modern history who has publicly threatened to fire the chair. Both Joe Biden and Barack Obama — during their respective terms — said they were disheartened by slow progress on…
Well-known XRPL dUNL validator Vet recently took to X to clarify the recent RLUSD burning events. Notably, Vet first cited the $39,000,000 worth of RLUSD that has been burned on the XRP Ledger and subsequently minted on Ethereum. This large-scale transfer has sparked speculation about the motives behind these actions, especially concerning the UK, SBI, and institutional liquidity support. Before delving into these questions, Vet provided an educational overview of stablecoin inventory transfers. He noted that stablecoin issuers, such as Circle and Tether, frequently perform inventory transfers to manage the supply of their tokens across various blockchains. These transfers are…
Crypto majors were little changed over the past 24 hours as markets settled from a rally, and then profit-taking from earlier in the week. Bitcoin (BTC) traded above $93,000 in Asian morning hours Friday, with traders pointing to increased optimism of short-term gains. “With BTC holding firmly above $90K, sentiment is becoming increasingly optimistic,” QCP Capital said in a Telegram broadcast. “Call options at $95K strikes for end-April and end-May expiries have dominated flow, pointing to a tactical appetite for further upside.” Call options are contracts giving the buyer the right to purchase an asset at a set price before…
The price of Bitcoin jumped as high as $91,684 on Tuesday as investors weighed whether Washington’s tit-for-tat with Beijing on tariffs could come to a sooner-than-expected end. Bitcoin was recently up 4.5% over the past 24 hours, losing some ground from earlier in the afternoon but still on track to register its largest day gain since April 9, when the asset surged 8.3%, according to Bitcoin CounterFlow. That was the day that U.S. President Donald Trump lowered “reciprocal” tariffs on nearly all nations to 10% while focussing his trade war on China with steeper levies. Beyond Bitcoin, altcoins and meme…
Crypto users will soon be able to store, send, and receive XRP through the Cardano Web3 non-custodial blockchain wallet, Lace. This comes after Cardano Founder Charles Hoskinson announced plans to add XRP support to the ecosystem’s native wallet. The Cardano founder recently announced the initiative in a ‘Surprise AMA’ session on YouTube. During the session, which lasted over three hours, a user asked Hoskinson whether he was still discussing potential partnerships with the Ripple team. In response, Hoskinson confirmed that things are moving well between the IOG and Ripple teams, suggesting their initial rivalries are behind them. Lace Wallet to…
The crypto gaming space is ever expanding, and with prominent games releasing, token airdrops piling up, and the constant shifting of the markets around them all, it’s a lot to take in. Luckily, we’re all over it here at Decrypt’s GG. And if you’re looking to keep tabs on the latest happenings around crypto video games, this weekly roundup gives you a quick overview of the biggest stories we covered over the past week, along with a smattering of other interesting tidbits from around the space. Top stories Ubisoft’s new crypto game: Ubisoft—the gaming giant behind Assassin’s Creed and Far…
Today, approximately $8.05 billion worth of Bitcoin (BTC) and Ethereum (ETH) options expire, prompting crypto market participants to brace for volatility. Traders and investors should be particularly attentive to today’s options expiry due to its volume and notional value, increasing the odds of potential influence on short-term trends. However, the put-to-call ratios and maximum pain points provide insight into what can be expected and the possible market directions. Insights on Today’s Expiring Bitcoin and Ethereum Options The notional value of today’s expiring Bitcoin options is $7.24 billion. According to Deribit’s data, these 77,642 expiring Bitcoin options have a put-to-call ratio…
As many as twelve XRP-based ETF proposals are now officially lined up with the U.S. Securities and Exchange Commission, setting the stage for a shift in crypto investing should these products finally get clearance. XRP ETF Race Heats Up, But Giants Sit Out While established firms like Grayscale, VanEck, Franklin Templeton, and ProShares top the list, what’s creating buzz is who isn’t on it, namely, BlackRock and Vanguard, the two leading asset managers globally. These twelve distinct proposals span final SEC deadlines between April and October 2025. The surge in ETF filings follows a wave of renewed confidence after XRP’s…
A March 31 Finbold report found that Elon Musk’s tenure with the Department of Government Efficiency (D.O.G.E.) coincided with a 40% decline in the number of Dogecoin (DOGE) millionaire addresses, with the billionaire’s historical influence on the meme coin hinting at causation rather than mere correlation. However, on April 8, a process was initiated that culminated in the businessman announcing the winding down of D.O.G.E. involvement, due to a tariff spat with Pete Navarro, President Donald Trump’s trade advisor. By April 25, Finbold Research had found that Musk’s anticipated exit led to the emergence of 183 new DOGE millionaires –…