Author: NBTC
Coinbase stock sank to a seven-month low on Friday as the U.S. equities market continued plummeting in response to President Donald Trump’s recent tariff announcements. Shares in the American crypto exchange fell more than 13% at one point during Friday’s trading session and remain 6.38% below market open at the time of writing. They are now trading 54% below their 52-week high of $349.75, their lowest point since September 2024. Other leading crypto adjacent stocks are also sliding heavily in the broader market selloff. Losses are extending among Bitcoin miners, just days after the group collectively posted their worst trading…
XRP could rise to $12.50 before President Trump leaves office, investment bank Standard Chartered (STAN) said in a report on Tuesday initiating coverage of the Ripple-related token. Standard Chartered predicts that XRP will reach $5.50 by the end of this year, $8 by 2026 year-end, $10.40 by the end of 2027, and $12.50 by end-2028. At the time of writing, XRP was trading almost 9% higher at $1.94. The bank noted that XRP rose sixfold following Donald Trump’s election victory in November, reflecting expectations that the Securities and Exchange Commission (SEC) would drop its appeal against Ripple, and because of…
The US Department of Homeland Security’s “El Dorado Task Force” is reportedly investigating crypto bank Anchorage Digital and is probing company employees over the bank’s practices and policies. That’s according to news outlet Barron’s, which cites unnamed sources familiar with the inquiry. The nature of the inquiry is currently unclear, and both the US Homeland Department and Anchorage declined Barron’s request for comment. Anchorage was the first federally chartered crypto bank in the US and partnered with Cantor Fitzgerald last month on its bitcoin (BTC) financing business. Read more: MANTRA CEO says ‘reckless’ exchanges caused OM token collapse In 2022,…
Circle Internet Financial, the issuer of the USDC stablecoin, has delayed its plans for an initial public offering due to current market volatility. The company had been preparing to go public on the New York Stock Exchange under the ticker symbol “CRCL,” with JPMorgan Chase & Co. and Citigroup Inc. as lead underwriters. But, “Circle had been nearing its next steps in going public, but is now watching anxiously before deciding what to do,” according to the Wall Street Journal. This postponement aligns with a broader trend of companies reassessing IPO timelines amid economic uncertainties. Circle confidentially filed a draft…
Hex Trust, a leading digital assets financial institution specializing in custody, staking, and market services, today announced expanded support for Stacks (STX) and sBTC, Stacks’ decentralized Bitcoin-backed asset, further cementing its role in advancing Bitcoin DeFi adoption. This development follows Hex Trust’s existing partnership with the Stacks Asia Foundation to integrate Stacks-based assets and DeFi on-ramps. With Bitcoin holdings highly concentrated in Asian and UAE markets, Hex Trust is uniquely positioned to meet institutional demand in these regions. Clients are increasingly seeking ways to put their Bitcoin to work safely and securely. sBTC has emerged as the ideal solution, offering…
Former Binance CEO Changpeng Zhao, who goes by CZ, and Tron founder Justin Sun strongly denied a Wall Street Journal report claiming Zhao agreed to provide evidence against Sun as part of his 2023 plea deal with U.S. authorities. Citing unnamed sources, the Journal reported Friday that Zhao, who served four months in prison after pleading guilty to money laundering violations, had committed to testifying against Sun in exchange for leniency. A day before the WSJ article was published, Zhao posted about how a certain “baseless hit piece” about him was in the works. Multiple people have told me again…
Trump’s Tariff Pause Ignites Bitcoin Hype—But at What Cost? In a move that stunned both Wall Street and the crypto community, President Donald Trump announced a 90-day pause on tariffs for most nations—excluding China. Almost immediately, Bitcoin reacted with force, surging over 7% to hit $82,350, as global markets cheered the easing of trade tensions. This unexpected policy shift has put the $100K Bitcoin narrative back on the table—but whether it holds or not remains one of the most heated debates in finance right now. By TradingView – BTCUSD_2025-01-09 (5D) Markets Rally, Crypto Explodes—But Is It Just Sentiment? The market’s…
Zilliqa CEO Matt Dyer steps down as the team focuses on delivering Zilliqa 2.0 following recent bridge recovery efforts. Matt Dyer has stepped down as chief executive officer of Zilliqa Technology, the company announced, as the project moves toward a key transition to its upgraded Zilliqa 2.0 network. Zilliqa announces with regret that Matt Dyer has stepped down from his role as Chief Executive Officer of Zilliqa Technology. We extend our gratitude for his contributions and wish him success in his future endeavours.During this interim period, internal leadership will oversee… — Zilliqa (@zilliqa) April 8, 2025 In an X post…
The latest regulatory changes by the new SEC leadership under Trump are causing concern among government watchdog agencies. Trump’s crypto empire and recent regulatory changes are attracting attention from several watchdog agencies. On April 14, the Government Accountability Office announced plans to investigate the U.S. Securities and Exchange Commission. In a letter addressed to Democratic Senators Elizabeth Warren and Mark Warner, the GAO—a nonpartisan agency responsible for government oversight, confirmed it would look into changes implemented by the SEC’s politically appointed leadership. Among these changes are reported plans to cut staff and restrict the agency’s ability to initiate investigations independently.…
The news cycle has turned chaotic for crypto traders, courtesy of President Donald Trump’s back-and-forth tariffs announcement. In such situations, traders tend to ignore the noise and follow the tape – monitor the price chart, identify the path of least resistance and follow the same. In case of bitcoin (BTC), the tape has turned bullish, with short-duration price charts flashing a pattern opposite of the one that characterized the January-February price peak above $109K. We are talking about the double bottom pattern comprising two consecutive troughs with lows at about the same price, representing downtrend exhaustion, and a trendline drawn…