Day: March 12, 2025

Gemini crypto exchange adds USD payment rails for European institutions

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Gemini crypto exchange, founded by Cameron and Tyler Winklevoss, is expanding its trading capabilities for institutional clients in Europe by introducing US dollar payment support Gemini has partnered with Liechtenstein-based Bank Frick to enable US dollar payment rails for institutional customers in the United Kingdom and Switzerland, the firm said in an announcement shared with Cointelegraph on March 12. “We plan to expand our rollout of USD rail support to our European Union institutional customers in the next few weeks,” said Gemini’s head of Europe, Mark Jennings. The new functionality…

Ethereum Risks Another 15% Correction After Fall Below $2,000

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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Ethereum (ETH) has revisited yearly lows after losing the key $2,000 support, registering its worst performance in years. Some analysts forecasted another 15% drop if the trend continues but…

21Shares lists Bitcoin Ethereum Core ETP ABBA on Xetra and cuts down management fee

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21Shares’ Bitcoin Ethereum Core ETP, ABBA, will be listed on Deutsche Börse’s Xetra platform as the firm reduces the product’s management fee by 0.49%. In a recent press release, the world’s largest cryptocurrency exchange-traded product issuer said it would be cutting down the management fee for its Bitcoin (BTC) Ethereum (ETH) Core ETP ABBA, ahead of its listing on the Xetra exchange. The firm’s Bitcoin Ethereum Core ETP, ABBA, is fully backed by BTC and ETH, two of the largest cryptocurrencies by market cap. The product is also securely held…

Bitcoin dominance hits new cycle high as post-election altcoin rally fizzles out: Matrixport

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Bitcoin dominance hit a new cycle high despite price correction as investors shift from altcoins, driven by stronger-than-expected U.S. job growth and the Federal Reserve’s hawkish stance. According to Matrixport, Bitcoin (BTC) dominance has surged to a new cycle high, surpassing 61%. Matrixport attributed this to two factors: a stronger-than-expected U.S. jobs report as well as the Federal Reserve’s increasingly hawkish stance. When job growth exceeds expectations, it suggests the economy is performing well. This often translates to higher interest rates or a delay in rate cuts, which reduces liquidity…

Starknet Unveils Plan to Unify Bitcoin and Ethereum, Enhancing Bitcoin’s DeFi Functionality

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Starknet has announced its ambitious plan to become the first Layer 2 solution to unify Bitcoin and Ethereum, aiming to enhance bitcoin’s functionality and scalability while preserving its core principles of decentralization and trustlessness. The initiative includes the integration of the Bitcoin wallet Xverse with Starknet, allowing users to utilize Bitcoin assets on the platform […] Original

BTC’s Four-Year Compound Annual Growth Rate Drops to Record Low of 8%

Bitcoin’s (BTC) four-year compound annual growth rate (CAGR) has dropped to its lowest recorded level of 8%, according to Glassnode data. The four-year period was chosen to align with bitcoin’s (BTC) halving cycle while also capturing the typical bull/bear market cycle, which tends to follow a similar timeframe. In March 2021, four years prior, bitcoin was trading around $60,000, near the peak of the previous market cycle. The decline in CAGR is expected as bitcoin’s volatility and returns diminish over time as the asset matures. However, this metric is highly…

Line Partners With Sony’s Soneium to Launch Blockchain Mini-Apps for 200 Million Users

Line, Japan’s largest social media network, has announced a partnership with Sony’s recently launched “Soneium” blockchain to introduce blockchain-powered mini-apps to its 200 million users. This collaboration aims to enhance user experience and facilitate new blockchain interactions while providing developers with tools to foster innovation within the ecosystem. Soneium, which has quickly gained traction with […] Source CryptoX Portal

Bitcoin Bear Market Is Below This Level, Analyst Reveals

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An analyst has explained how a moving average (MA) that has historically served as the boundary for bear markets is situated at this level. Bitcoin 50-Week MA Is Currently At $75,195 In a new post on X, analyst James Van Straten has shared a couple of important MAs related to Bitcoin. An “MA” is a technical analysis (TA) tool that calculates the average value of any given quantity and as its name implies, it moves in time along with the quantity and updates its value accordingly. MAs can be taken…

Bitcoin whales hint at $80K ‘market rebound’ as Binance inflows cool

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Bitcoin whales are back buying BTC while “panic” is keeping smaller investors away, according to new research. Data from onchain analytics platform CryptoQuant shows sell-side pressure from Binance whales cooling. Bitcoin whales reset market approach Bitcoin (BTC) at $80,000 is proving attractive for large-volume investors, or at least a poor value selling proposition for those wishing to exit the market. In a “Quicktake” blog post on March 12, CryptoQuant contributor Darkfost revealed that the proportion of the top 10 largest inflows to Binance attributed to whales has declined. “Monitoring whale…