Author: NBTC
Longling Capital, an established player in the crypto sector, executed a substantial move by pulling out 10,001 ETH worth $19.16 million from Binance. The company made this transaction right after transferring 21,000 ETH worth $38.81 Million to the exchange. Attention from investors increased following this fast transfer of funds, which triggered discussions about possible trading activities or strategic market changes. A Look Back: Longling Capital’s Past Liquidation Longling Capital experienced 93,793 ETH worth $114 million worth of liquidations in the June 2022 market crash. In volatile markets, high leverage positions create risks which were displayed when this completed one of…
Inflation cooled more than expected in February, offering hope that the Federal Reserve may be closer to cutting interest rates. However, the crypto market remained largely unresponsive despite the positive economic signal. Wednesday’s Consumer Price Index report showed that inflation eased to 2.8% over the past 12 months, down from 3% in January and slightly beating the 2.9% forecasted by economists. Perhaps surprisingly, crypto prices were unresponsive. Bitcoin (BTC) was trading at $82,770.45 late Wednesday afternoon, roughly flat over the past 24 hours. The total crypto market was valued at $2.68 trillion, down 0.25% over the past day. Read more:…
The pseudonymous marketing lead of the Shiba Inu team, famous on social media as Lucie, has taken to the X network (formerly popular as Twitter), to issue a crucial message to the SHIB army and assure them that SHIB and all other Shibarium tokens are likely to have a bright future. She revealed several important factors SHIB and all Shibarium tokens are backed by. Lucie was optimistic in her post, sharing that optimism with the crypto community. “All our tokens will survive and rise” Lucie addressed the Shiba Inu community, predicting a bullish future to SHIB, BONE, LEASH, and other…
Dave Portnoy, owner of Barstool Sports and longtime supporter of President Trump, recently took to X, formerly Twitter, to reveal that he was approached with a job in the Trump administration. His post included a tweet and a video of himself explaining how he would have had to give up running his sports, gambling, and pop-culture media company to fill such a role. Dave Portnoy wants to know Elon Musk’s secret formula Portnoy, who goes by @stoolpresidente on X, shared the post on Tuesday with claims that he had received a call that potentially offered him the opportunity to join…
In a recent Bitcoin news update, miners have offloaded over 2,000 BTC. The market investigates the potential effect on BTC price because of this recent movement. Market participants observe BTC as it approaches the 23.60% Fibonacci retracement support level at $94,393. Current market sell-offs caused massive liquidations that wiped millions worth of value from derivatives exchanges. Bitcoin News: Miners Reduce Reserves, Raising Market Concerns Notably, crypto analyst Ali Martinez provided on-chain data indicating Bitcoin miners moved more than 2,000 BTC in the past few days. The movement of BTC by miners indicates both profit distribution and security measures against market…
Ethereum is currently testing support between $1,600 and $1,500. If the support fails Ethereum could drop further to $1,000. The market sentiment is weakening with reduced buying volume. Ethereum (ETH) is currently at a crossroads. The price has recently dropped to approximately $1,855.41, and the chart shows that it must hold a critical support zone between $1,600 and $1,500 to avoid a deeper pullback. If Ethereum fails to stay above this support level, the price could easily slide further down, potentially reaching $1,000, according to current market analysis. Ethereum has been trending downward since reaching a high of over $4,000…
This is a segment from the Forward Guidance newsletter. To read full editions, subscribe. After a tough several weeks, today is a happier day on Wall Street. February’s inflation print gave stocks a surprising but welcome boost this morning after prices last month rose less than expected. The Consumer Price Index showed prices increased 2.8% year over year — still above the Fed’s 2% target but a decline from the 3% annual increase recorded in January. Economists had projected CPI to come in at 2.9% for the 12 months ended February. Month over month, consumer prices were up 0.2% in…
Solana (SOL), the sixth-largest cryptocurrency by market capitalization, has continued its price recovery push. In the last 30 days, despite plummeting by 45%, SOL has maintained support at the $160 level. However, market activity suggests likely bullish movement. Staked Solana signals supply squeeze potential Lookonchain, an analytics platform, has spotted a significant transaction that involved Solana. Notably, 87,328 SOL valued at approximately $14.8 million were withdrawn from the Binance exchange. A newly created wallet withdrew 87,328 $SOL($14.8M) from #Binance in the past 2 days and staked it.https://t.co/ZzuUdAC6W8 pic.twitter.com/HUBZKTKgvn — Lookonchain (@lookonchain) February 19, 2025 Interestingly, this whale transaction came from…
Federal Reserve Governor Michelle Bowman is expected to be Donald Trump’s choice for Vice Chair for Bank Supervision, replacing Michael Barr, according to a WSJ report on Tuesday. Trump has yet to make an official announcement, but advisers have indicated to allies that Michelle is the leading candidate. Michelle, who has been on the Fed’s Board of Governors since 2018, was originally appointed by Trump and has a history in community banking and bank regulation. She worked at her family’s Kansas bank before becoming Kansas banking commissioner. The seat she currently holds at the Fed is specifically designated for someone…
Notable investor Stephen Weiss took profits from his Bitcoin position via BlackRock’s iShares ETF. Weiss, founder and managing partner at Short Hills Capital Partners, said on CNBC’s “Halftime Report” he booked profits from an investment in BlackRock’s iShares Bitcoin Trust. Weiss disclosed that his trading plan was always to sell a portion of his position when Bitcoin’s momentum cooled. Bitcoin was trading below $45,000 when the Securities and Exchange Commission approved a dozen spot Bitcoin exchange-traded funds. The cryptocurrency reached an all-time high of $108,786 on Jan. 20, more than doubling its price from the previous year. The U.S. Securities…