[ad_1] Ethereum (ETH) has experienced its largest daily loss in four years, plummeting by nearly 27% in a single 24-hour period. This decline brought the price of ETH down to just above $2,100 before a slight recovery to around $2,544 at press time. One of the largest liquidation events in recent history The drop in Ethereum’s value was not isolated; it was accompanied by substantial declines across other major cryptocurrencies. Bitcoin (BTC) fell by 6%, XRP by 22%, Solana (SOL) by 8%, and Dogecoin (DOGE) by 23%. This widespread sell-off contributed to over $2.24 billion in liquidations, affecting more than…
Author: NBTC
[ad_1] Analysts compare Ripple’s XRP reserves to Saudi Aramco’s oil reserves, emphasizing XRP’s critical role in Ripple’s business model. Ripple CEO Brad Garlinghouse revealed that the company’s XRP holdings have exceeded $100 billion, significantly boosting liquidity solutions and cross-border payment systems. With the growing hype around XRP, Ripple’s pending Initial Public Offering could break all existing records. To date, Saudi Aramco holds the largest IPO record raised at $25.6 billion in 2019. Today, the valuation of the oil giant stands at $1.93 trillion as of 2023. However, an industry expert believes that Ripple could surpass Saudi Aramco in the future.…
[ad_1] In a latest development, FOX Business journalist Eleanor Terrett revealed in an X post that Senator Hagerty has introduced his stablecoin bill in the Senate. The bill is called the GENIUS (Guiding and Establishing National Innovation in U.S. Stablecoins) Act and aims to provide clear regulations for stablecoins. 🚨NEW: Today @SenatorHagerty introduces his stablecoin bill in the Senate. The bill is called the GENIUS (Guiding and Establishing National Innovation in U.S. Stablecoins) Act and aims to provide clear regulations for stablecoins.Here are the highlights of the bill which is… — Eleanor Terrett (@EleanorTerrett) February 4, 2025 She also shared…
[ad_1] Rising blockchain ecosystem Bitgert ($BRISE) recently partnered with the distinctive decentralized gaming platform TonPoke Explore to develop exciting new projects. Through this technological partnership players gain access to immersive gameplay activities that let them enjoy their favorite games and earn genuine financial rewards. 🚀 Bitgert x TonPoké Explore Partnership 🚀 We’re excited to announce our partnership with @TonPokeExploreTonPoké Explore is a next-generation decentralized app (dApp) where gaming, blockchain, and rewards come together. Inspired by Pokémon, it’s a virtual pet-rearing… https://t.co/EhySynOE6q pic.twitter.com/oMmfV7ijAM — Bitgert – $BRISE (@bitgertbrise) February 6, 2025 About TonPoke Explore Players can enjoy Tonpoke Explore as a…
[ad_1] Russian Bitcoin miners fear exposure to sanctions as the government compiles a registry containing wallet addresses and other sensitive data. Bitcoin (BTC) miners in Russia aren’t thrilled about a new government registry that’s scooping up sensitive data, including crypto wallet addresses, under new rules. If leaked, it could be a “big gift to our geopolitical opponents,” warned Anton Gorelkin, a Russian lawmaker overseeing information policy. The crypto miner registry in Russia has been up and running since November 2024. National’s registry is available through the service on Russia’s Federal Tax Service. Daniil Yegorov, head of the tax agency, mentioned…
[ad_1] Ethereum’s price has experienced a massive crash today, sending shockwaves throughout the crypto market. Many investors are now wondering whether this is the beginning of a new bear market or a substantial short-term liquidation event. Technical Analysis By Edris Derakhshi (TradingRage) The Daily Chart As the daily chart suggests, the Ethereum price dropped all the way back to the $2,100 level before experiencing a rebound. The $3,000 level and 200-day moving average, located around the same price mark, has been broken to the downside yesterday. This has been one of the primary contributing factors to today’s crash, at least…
[ad_1] This is a segment from the 0xResearch newsletter. To read full editions, subscribe. As the hyped Berachain L1 gears up for a mainnet launch, an astounding $1.6 billion of liquidity has been deposited into “Boyco,” Berachain’s pre-launch liquidity platform on Ethereum. This flood of liquidity from airdrop farmers would technically make Berachain the 10th largest blockchain by TVL today. In the past week, four Berachain Pendle pools (by Ethena and Etherfi) have already amassed a collective $515 million in TVL. This dwarves the entire TVL of its main competitor Spectra, which has shot up to $225 million since December.…
[ad_1] Coinbase, the largest US cryptocurrency exchange, has called on US regulators to allow banks to offer cryptocurrency services. Coinbase has called on U.S. banking regulators to allow banks to offer crypto custody and trading services and to partner with firms like Coinbase, Bloomberg reported. At this point, Coinbase wrote a letter to the US Office of the Comptroller of the Currency (OCC), the FED and the Federal Deposit Insurance Corporation (FDIC) containing this request. Coinbase has asked the Federal Reserve and FDIC to allow state-chartered banks to offer cryptocurrency services, after asking the OCC to withdraw an interpretive letter…
[ad_1] The Federal Reserve released the minutes of its December 17-18 meeting on Wednesday, revealing heightened concerns among officials about the economic impact of President-elect Donald Trump’s policy proposals. Based on the minutes, the Federal Open Market Committee (FOMC) discussed a range of issues, from inflation risks to the anticipated slowdown in rate cuts, reflecting the Fed’s cautious approach heading into 2025. Fed’s Cautious Approach to Rate Cuts Amid Inflation and Economic Risks The FOMC minutes highlighted the decision to implement a 25-basis-point (0.25%) rate cut. Almost all participants advocated for a gradual approach to further monetary easing. Several officials…
[ad_1] Ethereum dropped to $2,159.28, currently trading at $2,574.83, down 16.93% in 24 hours. Market cap stands at $310.15B, while trading volume surged 252% to $83.61B. Ethereum (ETH) experienced a sharp decline, dropping to a low of $2,159.28 before slightly recovering. At present, ETH is trading at $2,574.83, marking a significant 16.93% drop in the last 24 hours. The cryptocurrency’s market capitalization stands at $310.15 billion, reflecting the broader market downturn. Meanwhile, the 24-hour trading volume has surged by 252% to $83.61 billion, indicating heavy sell-offs. The market cap ratio has climbed to 26.96%, underlining increased trading activity driven by…