Author: NBTC

During Wednesday’s U.S. trading hours, the crypto market experienced a slight downtick as Bitcoin price reverted from $108k resistance. With bearish momentum accelerating to the altcoin market, the Ethereum price failed to sustain a $4000 breakout. However, the onchain data shows that long-term holders remain unfazed and are steadily increasing their ETH positions. Currently, the ETH price exchange hands at $3,877 with an intraday loss of 0.42%. According to Coingecko, the asset’s market cap is at $467.2 Billion, while the 24-hour trading volume is at $34.8 Billion. Key Highlights: An active accumulation from Ether’s long-term holds in 2024 signals a…

The FED announced its interest rate decision, which was eagerly awaited by all markets. As expected, the Fed cut interest rates by 25 basis points. Now, all eyes will be on the meeting to be held by FED Chairman Jerome Powell at 22:30 (30 minutes later). As Bitcoinsistemi.com, we will also broadcast this speech live. Here are the first reactions from Bitcoin after the decision: FED FOMC statement: Cleveland Fed President Hammack opposed the interest rate decision and supported not cutting rates. The Fed will evaluate data regarding the scope and timing of future actions. Fed officials expect inflation to…

The Cosmos ecosystem is entering a new chapter with the Interchain Foundation’s (ICF) acquisition of Skip and the establishment of Interchain Inc. The move represents a pivot from the ICF’s historical funding of disparate teams toward a more centralized and cohesive approach. The new subsidiary, led by Skip co-founders Barry Plunkett and Maghnus Mareneck, will take charge of product development, ecosystem strategy and execution, the ICF announced earlier this week. On Thursday, a “community town hall” X space shed additional light on what to expect in 2025. A unified stack Cosmos has long been heralded for its modular technology stack,…

Japan’s hotly debated crypto tax system may be getting an overhaul in 2025, thanks to the official inclusion of virtual currencies in the government’s recently finalized 2025 tax reform outline. For the Japanese, anything would beat being taxed at 55%, or in the case of inheritance tax, sometimes 110% on crypto gains, and being unable to offset losses. The ruling Liberal Democratic Party (LDP) in Japan has finalized an outline for tax reform plans in 2025, in a meeting held on December 20. In a post to X, house member Junichi Kanda summarized the annual meeting of the nation’s tax…

U.S. spot Bitcoin exchange-traded funds recorded $7.1 billion in trading volume on Dec. 5, marking a 50% surge from the previous day, as Bitcoin’s price dropped below $100,000. According to data from SoSoValue, the 12 spot Bitcoin ETFs recorded net inflows of $766.66 million on Dec. 5, extending their six-day streak to a total of over $2.7 billion. BlackRock’s IBIT led the pack for the fifth consecutive day, amassing $770.51 million in inflows. Other significant contributors included Grayscale Bitcoin Mini Trust with $95.35 million and Fidelity’s FBTC with $47.47 million. ARK and 21Shares’ ARKB chipped in a modest $12.32 million.…

Ethereum declined over 7% after the Fed announced a hawkish rate outlook for 2025. Ethereum could bounce back to smash key resistance levels after its Weighted Sentiment plunged to lows last seen in December 2023. Ethereum risks decline to $2,800 if it breaches the $3,550 support level. Ethereum is down 6% after the Federal Reserve hinted that it will reduce its rate cut frequency in 2025. The hawkish news has sent ETH’s Weighted Sentiment to lows last seen in December 2023. Ethereum declines following Fed’s hawkish decision Ethereum dived 6% after the Fed announced a 25-basis-point rate cut and revised…

What Chairman Jerome Powell will say at the press conference following the FED’s expected 25 basis point cut in interest rates is of great importance. The dot plot graph and statements published by the FED along with its interest rate decision were evaluated in favor of the hawkish. Here’s what Powell said at the live press conference (refresh the page for new statements): Overall economic performance is strong. The job market has cooled due to overheating. Inflation is closer to the 2% target. Consumer spending remains resilient. Economic activities continue to expand steadily. The labor market remains robust. Although the…

This is a segment from the Lightspeed newsletter. To read full editions, subscribe. When Marc Andreessen went on The Joe Rogan Experience and said 30 of a16z’s portfolio founders had been debanked, or had their bank accounts closed arbitrarily, a chorus of crypto figures joined in to cry foul on the US banking system. While discontent with the banking system is obviously nothing new in crypto, the debanking narrative — the extent of which we still know relatively little about — has given fresh ammunition to teams building bank replacements. On Solana, projects from onchain banks to subscription services are…

Marathon Digital Holdings is redefining the narrative around Bitcoin mining by repurposing its excess heat to benefit communities in Finland. In a Dec. 20 statement on X, the company said it provides heating for approximately 80,000 residents through a forward-thinking approach that merges innovation and environmental responsibility. This success builds on a pilot project launched in June, where Marathon supplied heat to 11,000 homes in Finland’s Satakunta region. The recent expansion added 67,000 more residents to its heating network. According to its June statement, the miner utilizes district heating technology, which provides a practical way to address the surplus heat…

Bitcoin reached a major milestone, surpassing $100,000 for the first time and reaching a record high of $103,844 before pulling back slightly. FED Chairman Jerome Powell also stated at the New York Times Dealbook Summit that Bitcoin competes with gold rather than the US dollar. Anthony Georgiades, founder and general partner at Innovating Capital, noted the growing role of institutions in Bitcoin’s price action. He pointed to significant inflows into Bitcoin and Ethereum ETFs, which have brought nearly $8 billion to the market in November alone. He added that while institutional activity is driving the current momentum, individual investors could…