Author: NBTC
Sam Bankman-Fried, the co-founder of the bankrupt FTX exchange, is moving closer to Trump supporters. Bankman-Fried also revived the drive to achieve a Presidential pardon, although he has not reached out to Trump directly. Sam Bankman-Fried may be seeking a pardon from US President Donald Trump. To that end, Bankman-Fried started to build an image of being a Republican supporter, and not actually a hardline Democrat. The entangled history of Bankman-Fried’s political donations may give him favor with both US parties. Data showed Bankman-Fried was in charge of as much as $100M in political donations during the heyday of FTX.…
Bitcoin (BTC) has risen above the moving average lines and the $95,000 support level but is being held back by the 50-day SMA barrier. Bitcoin price long-term forecast: bearish Bitcoin price is currently below the 50-day SMA barrier and above the 21-day SMA support. BTC will reach a high of $102,390 if it breaks above the 50-day SMA. However, Bitcoin will be forced to move in a range between the moving average lines if it gets stuck at the 50-day SMA. On the other hand, if the bears break below the 21-day SMA, Bitcoin would fall back to its previous…
Sol Strategies Inc. partners with Tetra Trust to provide secure, regulated Solana staking for institutional clients in Canada. The partnership aims to enhance institutional access to staking while aligning with regulatory and security standards. If one thing is known in the cryptocurrency world, it is that quick changes can occur in a matter of days. Sol Strategies Inc., an investment company concentrated on the Solana ecosystem, just made another big move. Not only did they expand their portfolio, but they also solidified their position as a major player in Solana staking. Sol Strategies: Major Acquisition and SOL Asset Addition Between…
As he walked out of the White House’s crypto summit on Friday, Coinbase CEO Brian Armstrong said his U.S. exchange is planning to hire a thousand people because of the policy progress the industry seems to be making at the beginning of President Donald Trump’s second term. “It’s only been, what, 50 days or something like that, and it’s already created enough of a tailwind that we feel more confident in investing in the United States and growing our business here,” Armstrong told CoinDesk. He said the hiring would take place this year. Coinbase, specifically, watched the U.S. Securities and…
Prominent crypto critic Jim Cramer has issued a bearish warning, stating that fear could prevent a market rebound before Monday. His comments align with the latest downturn in the cryptocurrency market, where the total market cap has dropped by 3.3% to $3.298 trillion in the past day. Bitcoin Below $100K, Altcoins Also Down Bitcoin fell 2.1% to $96,399, extending its monthly losses to 5.9%. Ethereum, Solana, and XRP also posted declines, fueling investor uncertainty over near-term price action. Meanwhile, Cramer’s statement sparked debate, particularly from traders who follow the “Inverse Cramer” strategy, which involves doing the opposite of his market…
Donald Trump’s long-awaited White House Crypto Summit disappointed the crypto space. Its promises were underwhelming, and the community was undervalued. Bitcoin’s price fell slightly instead of an anticipated jump. Several Trump-aligned crypto executives praised the President’s attempts to curtail federal regulators and suggested the industry was “doomed” without his intervention. Still, this frustration hasn’t boiled over into an all-out schism yet. Trump’s Crypto Summit Fails to Deliver Donald Trump announced the first-ever White House Crypto Summit last week, and the community was expecting an opportunity for positive new regulations. Specific policy ideas and a potential guest list were hotly debated,…
Bitcoin (BTC) has been trading below $100,000 since February 5, facing continued resistance despite attempts at recovery. Recent indicators suggest that sellers have gained control, with BTC’s Directional Movement Index (DMI) showing increased bearish pressure. However, the Ichimoku Cloud points to a potential reversal if Bitcoin can break above key resistance zones. If bullish momentum returns, BTC could test the $97,756 resistance and possibly retake the $100,000 level, with $102,668 as the next target. BTC DMI Shows that Sellers Gained Control In the Last 24 Hours Bitcoin’s Directional Movement Index (DMI) shows its Average Directional Index (ADX) currently at 21.2,…
As the cryptocurrency market enters a new week, analysts and investors are closely watching several key events that could impact various altcoins. Crypto analyst The DeFi Investor has highlighted the key developments to keep an eye on, including ETF deadlines, governance proposals, and network launches. Here’s what’s on the radar: Solana (SOL): ETF Approval Deadline Nears The next approval date for the Solana exchange-traded fund (ETF) is set for March 11. Investors are monitoring potential regulatory updates, as ETF approvals could significantly impact Solana’s market performance and adoption. AAVE (AAVE): sGHO Savings Product Offer The AAVE DAO is currently discussing…
The odds of Kanye West launching a token by the end of February suddenly spiked to 83% as rumors circulated of a new YZY ticker in the making. In the past few days, the odds of a launch expanded more slowly to about 45%. On Polymarket, the odds of a new Kanye West meme token suddenly spiked to 83% following rumors of an upcoming launch. Later, the odds decreased to 80%, while the market retained volumes above $9.3M. The prediction market spiked within minutes, later retreating to 61% for ‘Yes’ tokens. | Source: Polymarket The market resolution was not imminent,…
The Trump organization just filed a lawsuit against US banking giant Capital One, accusing the lender of unjustly terminating more than 300 of the firm’s bank accounts. The suit claims the closures were driven by political bias, targeting the Trump family’s conservative affiliations back in 2021. “Plaintiffs have reason to believe that Capital One’s unilateral decision came about as a result of political and social motivations and Capital One’s unsubstantiated, “woke” beliefs that it needed to distance itself from President Trump and his conservative political views. In essence, Capital One “de-banked” Plaintiffs’ Accounts because Capital One believed that the political…