Bitcoin (BTC) reclaimed the $85,000 threshold following the Federal Open Market Committee (FOMC) median forecast of 50 basis-point cuts in interest rates in 2025. In addition to signaling potential rate cuts, the Federal Reserve announced plans to slow the pace of its balance sheet runoff, also known as quantitative tightening (QT), beginning April 1. The …
Continue reading “Bitcoin reclaims $85k after Fed signals slowdown in quantitative tightening”
Crypto.com recorded a staggering $1.5 billion in revenue during 2024, with CEO Kris Marszalek attributing the growth to strong trading activity from its 140 million users. The exchange’s operational efficiency helped generate approximately $1 billion in gross profit after covering salaries and other expenses. Amid the impressive revenue figures, Crypto.com invested heavily in expanding its …
Bitnomial will launch its CFTC-approved XRP futures contracts on March 20 and drop its lawsuit against the US Securities and Exchange Commission. The firm said its decision to withdraw its lawsuit was driven by the regulator’s move to abandon legal action against Ripple. According to the March 19 announcement, the contracts will be physically settled, …
White House AI and crypto advisor David Sacks criticized claims that he “dumped” his crypto holdings and clarified that, after being appointed by President Donald Trump, he was required to divest due to government ethics rules. In a March 19 social media post, Sacks addressed recent reports suggesting he had sold off his Bitcoin (BTC), …
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Congressman and Vice Chairman of the Digital Assets Subcommittee Tom Emmer believes the strategic Bitcoin (BTC) reserve plan to acquire 1 million BTC will be enacted before the end of this Congress. While participating in the Digital Asset Summit, he acknowledged the multiple bills to implement state-level Bitcoin reserves. According to data from the Bitcoin …
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The 2025 Crypto Support Index (CSI) ranks U.S. President Donald Trump as the world leader with the most crypto-supportive government. Trump Ahead Bukele and Zelenskyy According to the Crypto Support Index (CSI) 2025, U.S. President Donald Trump ranks first among world leaders whose governments support or endorse cryptocurrency. With an index score of 10, Trump …
Continue reading “Study: Trump Tops Crypto Support Index, US Achieves ‘Full Crypto Adoption’ Status”
The class action lawsuit, filed by Burwick Law before the Supreme Court of New York, alleges that Kelsier Ventures, KIP Protocol, Meteora, and other related parties orchestrated an unfair token launch, misleading purchasers and harming Libra’s retail investors. Burwick Law Introduces Class Action Lawsuit Against Libra Token Co-Founders La Libertad Avanza, better known as the …
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The Central Bank of Nigeria has raised concerns over illegal currency dealers charging premiums of 20–40% on naira banknotes. Threat to Naira Credibility The Nigerian central bank has raised alarms over the growing practice in which illegal currency dealers charge a premium on local currency banknotes. According to Olayemi Cardoso, the governor of the Central …
The stablecoin market has seen explosive growth in 2024, with total supply reaching $214 billion and transfer volume hitting $35 trillion, according to a new report by Dune Analytics and Artemis Terminal. Stablecoins in DeFi: $35 Trillion in Transfers Driven by Decentralized Finance The stablecoin market has experienced significant growth in 2024, with total supply …
Continue reading “Dune Study Shows Stablecoin Supply Grew 63% in 2024, Reaching $225 Billion”
The U.S. central bank opted to hold the federal funds rate steady within the range of 4.25% to 4.50%, emphasizing that “inflation remains somewhat elevated.” Powell Highlights Tariff Challenges in Economy, Fed Adjusts Financial Strategy Simultaneously, the Federal Reserve announced a strategic adjustment to its balance sheet normalization efforts, declaring it would “slow the pace …
Continue reading “Fed Pauses Rate Hikes, Cuts Treasury Redemption Cap as Tariff Effects Loom”
Bitcoin is trading at $84,502, commanding a market cap of $1.67 trillion, representing 60.3% dominance in the $2.78 trillion crypto economy. With a 24-hour trading volume of $26 billion and an intraday price range between $81,294 and $84,852, bitcoin remains 22.2% below its all-time high, facing key resistance and support levels across multiple timeframes. Bitcoin …
Continue reading “Bitcoin Price Watch: Bulls Aim for $90K, but Resistance Stands in the Way”
The crypto exchange Bitfinex says Bitcoin could mount recovery rallies in the coming weeks if three factors flip favorably for BTC. In a new report, Bitfinex says that Bitcoin has witnessed shallower corrections this bull cycle, retracing between 18% and 22% before resuming its uptrend. However, the crypto exchange notes that BTC has already pulled …
Bitwise chief investment officer (CIO) Matt Hougan says that Bitcoin (BTC) is potentially in the middle of a “dip and rip” price action scenario. In a new note to investors, Hougan explains that in moments of crisis, Bitcoin often plunges deeper than the stock market, but then rallies harder on the recovery. Hougan says the …
The crypto project backed by BitMEX founder Arthur Hayes is launching a new blockchain with Securitize, a US company geared towards the tokenization of real-world assets (RWAs). In a new announcement, Ethena Labs says it will launch a new Ethereum (ETH) Virtual Machine (EVM) blockchain called Converge within the next three months in partnership with …
ADA has gained 13.5% in March, and a key social sentiment indicator is hinting at a further price upside. Cardano’s (ADA) price has managed a steady 13.5% in March after experiencing a 32% dip in February. The altcoin is still down 15% in Q1, but technical data is beginning to point to the continuation of …
