Author: NBTC
Spot trading volume across the top ten centralized exchanges (CEXs) hit $5.4 trillion in Q1 2025, a 16.3% decline from the previous quarter, as crypto market momentum cooled following a euphoric end to 2024. Top Crypto Exchanges See 16% Volume Dip in Q1 2025 Crypto trading cooled off sharply in the first quarter of 2025. According to CoinGecko’s Q1 crypto industry report, spot trading volume on the top ten centralized exchanges (CEXs) totaled $5.4 trillion, a 16.3% drop compared to Q4 2024. Binance held on to its lead with a 40.7% market share, although its monthly volume tumbled from over…
A big-time Ethereum (ETH) investor who had been sitting dormant for a while, and had accumulated 76,000 ETH during the 2015 ICO, has reappeared after three years of radio silence. About an hour ago, the wallet linked to the original ICO address “0xD612” sent 6,000 ETH — about $9.55 million at the time — to a new address. Just 45 minutes later, 3,000 ETH, which is worth about $4.78 million, were moved from the new address to a known Kraken deposit address, which suggests a likely sell-off. According to the blockchain, this whale bought ETH at the ICO price of…
Anchorage Digital Bank, a leading cryptocurrency custody firm backed by Wall Street giants, is being investigated by a financial crimes unit within the U.S. Department of Homeland Security, according to sources familiar with the matter. The investigation, conducted by the department’s El Dorado Task Force, has reached out to former Anchorage employees in recent weeks to gather information about the company’s internal practices and compliance protocols. The nature and scope of the investigation has not been officially disclosed, but the task force is known for its efforts to combat cross-border money laundering and financial crimes through preventive investigations. Anchorage Digital,…
Kaspa, a leading proof-of-work (PoW) blockchain platform known for its speed and scalability, has reached a significant milestone in its development journey. In a recent update shared on X, the Kaspa team announced the completion of the feature freeze for its Crescendo roadmap, setting the stage for the highly anticipated Main Hardfork Version scheduled for March 31, 2025. The feature freeze date marks the point at which no additional features will be added to the hardfork, allowing the team to focus on testing, stabilization, and preparation for the main Hardfork version and mainnet development. The mainnet deployment of this upgrade,…
Crypto exchange giant Kraken has laid off hundreds of staffers across all areas of the business over the past several months, as the firm continues to streamline its operations ahead of a potential public listing in the U.S., according to two people familiar with the situation. Kraken was reported to have laid off 400 staff, or about 15% of its workforce, at the end of October last year, when Silicon Valley investor and Kraken board member Arjun Sethi became co-CEO alongside David Ripley, who took the reins when former CEO Jesse Powell stepped down in 2023. Since Sethi became co-CEO,…
Arthur Hayes is buying Bitcoin and expects its dominance to reach 70 percent while avoiding altcoins. Bitcoin dominance is rising and has hit its highest level since 2020, showing investor preference for BTC. Arthur Hayes, co-founder of BitMEX and CIO of Maelstrom, has doubled down on Bitcoin. On X, Hayes announced that he has been buying Bitcoin($BTC), saying, “been picking BTC all day, and will keep doing that.” He focused on Bitcoin’s dominance as a top indicator to follow, pointing out that “zooming towards 70%,” signaling that the altcoins need to be handled carefully. Hayes has said he has no…
Ethereum price started a fresh decline below the $1,620 zone. ETH is now consolidating and might attempt to recover above the $1,620 resistance. Ethereum started a fresh decline below the $1,620 and $1,600 levels. The price is trading below $1,620 and the 100-hourly Simple Moving Average. There was a break above a connecting bearish trend line with resistance at $1,590 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it clears the $1,615 resistance zone. Ethereum Price Faces Hurdles Ethereum price struggled to continue higher above $1,690 and started a fresh…
Nick Timiraos, the experienced economics reporter for the Wall Street Journal, nicknamed the “FED spokesman”, shared the latest statements by FED Board Member Chris Waller with the public. Waller’s statements indicate that he has a more dovish stance than the general discourse within the FED. Waller considered two different scenarios in the context of current economic conditions and the potential impact of trade tariffs in particular: a high-tax scenario and a low-tax scenario, Timiraos reported. High Tariff Scenario: Inflation Temporary, Recession Risk More Significant According to Waller, if the average 25% tariffs remain in place, this could cause core PCE…
Exciting news for the Fetch.ai community! Get ready for a significant enhancement to the Fetch.ai network. If you’re invested in FET or closely following the decentralized AI space, you’ll want to pay attention to this. Fetch.ai (FET) has officially announced a crucial mainnet upgrade scheduled for April 1st. Let’s dive into what this means for you and the future of Fetch.ai. Why is the Fetch.ai Mainnet Upgrade Important? At the heart of this announcement is a commitment to security and network stability. Fetch.ai is not just another blockchain project; it’s building a decentralized AI platform, and security is paramount. This…
Despite regulatory hurdles and listing concerns, a new report from TokenInsight shows that Binance is comfortably leading the CEX market. Increasing competition from MEXC and Bitget saw Binance’s market share drop 1%, but it still dominates more than one-third of the CEX trades. The firm dominates in every metric that the report examined, from market share to public notoriety. It leads both in spot and derivatives trading volume and maintains the most stable ratio between the two of any CEX. Binance is Winning the CEX Race By a Mile Binance suffered a few setbacks in this period, but it still…