Author: NBTC

Bitcoin price may be volatile but it didn’t stop giant financial institutions from continuing to invest more. Large institutions such as pensions or hedge funds tripled their holdings of spot bitcoin exchange-traded funds (ETFs) in the fourth quarter of 2024, data from 13F filings with the Securities and Exchange Commission (SEC) showed. Institutional investors bought $38.7 billion worth of the spot bitcoin ETF, according to Bitwise chief investment officer, Matt Hougan. This is more than three times the previous quarter, in which only $12.4 billion worth of holdings were reported. Investors with assets over $100 million are required by the…

Ethereum rebounds from key support, signaling bullish momentum with potential targets of $3,000 and $4,000 this year. A Wyckoff accumulation pattern hints at a breakout, with Ethereum potentially exiting its bearish phase for a strong uptrend. Price action near $2,400–$2,800 remains uncertain, but sustained buying pressure could fuel a rally toward higher resistance. Ethereum’s price action shows strong bullish momentum as it rebounds from key support levels as per analyst IncomeSharks. Analysts project potential targets of $3,000 and $4,000 this year. The market structure indicates resistance ahead, but renewed buying pressure fuels optimism. https://twitter.com/IncomeSharks/status/1898513652568969676 Ethereum Shows Strength With Renewed Momentum…

Cardano has reached a significant milestone in its journey toward decentralized governance. In a video broadcast on Tuesday, founder Charles Hoskinson shared the exciting news that the Cardano Constitution has officially replaced the interim version. This feat followed a successful ratification vote. With an impressive 85% approval, the Cardano community overwhelmingly endorsed the new Constitution. Only 6.62% opposed, and about 7.68% abstained from voting. This marks a resounding endorsement of the foundational document. Given the weight of this achievement, Hoskinson took to a live video to congratulate the entire Cardano community: “This is a special broadcast I’m very proud to…

Three years ago, Sam Bankman-Fried was a big name in Washington, D.C., donating heavily to Joe Biden’s 2020 campaign. He is now asking Trump for a pardon after his crypto exchange FTX collapsed, leading to a 25-year prison sentence. SBF’s High Profile Efforts To Seek Pardon Now, Bankman-Fried is trying to turn things around by asking former President Trump for a pardon. His efforts include making high-profile appearances on conservative media outlets, including an unsanctioned spot on *The Tucker Carlson Show*, which got him placed in solitary confinement. While Carlson didn’t directly ask about a pardon, he showed interest in…

Do you want to get your traditional currency backed by blockchain solutions? Well, hold your thoughts. This is exactly what the collaboration of Hela Labs, AI-optimized L1 blockchain, and Crossfi Chain, a non-custodial crypto to fiat payment gateway, is bringing to the table. Hela Labs has revealed this newest adventure on their official X page. This collaboration is a next-generation solution to seamlessly bridge the gap between traditional and fiat currency. We’re excited to announce our newest collaboration with @crossfichain!CrossFi Chain is a groundbreaking blockchain that provides an inclusive, next-generation solution that bridges fiat and cryptocurrency seamlessly.We’re driving innovation that…

Bitcoin’s price has recently bounced from a key support level, located just below the 78.6% retracement, which has been a focal point in the last few days. The price formed a local low and attempted a move to the upside. However, the bullish rally is still in its early stages, and the momentum seems too small to be considered a strong trend just yet. Currently, Bitcoin has failed to break the previous swing high from February 3rd, which is around $96,700. For the bulls to show strength, a break above this level is essential. While this move up could be…

Ethereum, the second-largest cryptocurrency by market capitalization, is currently showcasing a pattern that could indicate a significant future price movement. Traders and analysts closely monitor its price behavior as it consolidates within a descending triangle, a classic chart pattern known for forecasting price breakouts. #Ethereum $ETH is consolidating within a descending triangle. Once a breakout occurs, it could trigger an 18% price move! pic.twitter.com/7SaTLWqe0x — Ali (@ali_charts) March 10, 2025 According to Crypto Analyst Ali Martinez,A descending triangle pattern is formed when the price of an asset makes lower highs and consistent lows, converging into a triangle. This pattern is…

The role of stablecoins is expanding beyond the crypto market and attracting attention from traditional financial institutions. Meanwhile, new regulations from Europe and the US could make stablecoins more useful in the real world. However, these regulations also pose challenges for stablecoin issuers like Tether and Circle. Currently, Tether’s USDT and Circle’s USDC dominate the stablecoin market capitalization, but many experts believe this could change in the future. Expert Questions the Sustainability of Tether and Circle’s Business Model Under New Regulations A recent PitchBook report revealed that the top 10 stablecoins have a total market capitalization of approximately $220 billion—up…

Amid ongoing debates about the decentralization of the XRP Ledger (XRPL), Ripple CTO David Schwartz recently weighed in with an intriguing perspective that challenges critics’ misconceptions. An X user had claimed that Ripple maintains a central axis of control over the XRPL. In response, Schwartz offered a thought-provoking hypothetical to demonstrate Ripple’s approach to governance and impact on the XRP Ledger. Consider any realistic hypothetical: Some large contingent of XRPL users and developers want to add privacy features to XRPL that Ripple thinks will harm its business interests. What will happen? Do you think you know because I don’t. —…

After years in which crypto insiders desperately sought to get the attention of the U.S. Congress, the pro-digital-assets witnesses at the latest congressional hearing on stablecoins include a senior executive from the Bank of New York Mellon Corp. and a Davis Polk & Wardwell lawyer who spent his career representing Wall Street. As congressional momentum rises toward support for crypto legislation in this session, representatives of the traditional financial system are putting its foot on the scales to help tip the balance toward stablecoin regulations. At the House Financial Services Committee hearing on Tuesday, lawyer Randy Guynn argued that the…