Category: Other Crypto News

Bitcoin Price Pressure Brings Back 2018 Bear Market

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Bitcoin (BTC) heads into the March monthly close as it risks its sixth straight month of losses. BTC price action touches $65,000 to start the week as traders expect a copycat bear flag breakdown. Iran headlines dominate the macro mood amid rumors of a US ground invasion. March could go either way for Bitcoin as it sits on the edge of its first six-month losing streak since 2018. Whales have begun to reduce their BTC exposure, adding to mid-term price headwinds. Modest demand in the current trading range lacks “magnitude”…

US Bitcoin Firm Warns of Silent Basel Capital Shift

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Pierre Rochard, CEO of The Bitcoin Bond Company, warned US banking regulators that their sweeping Basel III capital rewrite leaves unresolved how Bitcoin-related activities should be treated, a gap he says could create legal risk and shape how much capital banks must hold against the asset. In a formal comment submitted March 29 to the US Federal Reserve, the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency, Rochard said agencies cannot finalize rules that effectively determine capital treatment for Bitcoin (BTC)-related activities without clearly explaining…

8.25M XRP Exit Long-Term Holders As Whales Buy $1.20–$3

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Long-term XRP investors who held their assets for more than 155 days recently pulled 8.25 million tokens out of their accounts. This move represents a 3.47% dip in “Hodler” positions, dropping the total from 238 million to close to 230 million tokens. While these veteran owners are taking some money off the table, the broader market is seeing a massive influx of capital from a different class of participant. Big Investors Set A Much Higher Floor Data shows that the largest holders, often called whales, are now aggressively buying XRP…

Ethereum Could Hit $40,000 And Beat Bitcoin: Standard Chartered

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Standard Chartered’s Global Head of Digital Assets Research Geoffrey Kendrick said Ethereum could climb to $40,000 by 2030 and outperform Bitcoin along the way, arguing that the next wave of tokenization, stablecoin growth, and institutional blockchain buildout is likely to land first on Ethereum. Speaking in a Milk Road interview with John Gillen, Kendrick tied his ETH thesis directly to how traditional finance is approaching on-chain infrastructure. His argument was not that Ethereum wins because of narrative momentum, but because it looks like the safest place for banks, asset managers,…

The Last Time Bitcoin Sentiment Was This Bad Was 2022, But There Was A Silver Lining

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Scott Matherson is a prominent crypto writer at NewsBTC with a knack for capturing the pulse of the market, covering pivotal shifts, technological advancements, and regulatory changes with precision. Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott’s dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers. Scott’s experience spans a number of industries outside of crypto including…

White House App Sparks Privacy Fears Over Tracking and Data Collection

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A new app from the US government has sparked concerns among users and researchers over potential location-tracking features, security vulnerabilities and data collection. The White House launched the app on Friday as a way for users to get a “direct line to the White House,” including receiving breaking news alerts on major government announcements, watching livestreams and keeping up to date on “policy breakthroughs.” However, users on X have raised concerns about the permissions required to use the app, including access to the device’s location, shared storage and network activity,…

Ethereum Price in Danger of Dropping to $1.2K Next, Analyst Warns

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Ethereum’s native token, Ether (ETH), may decline 40% to $1,200 in the coming weeks, according to a fractal setup shared by analyst Leshka.eth. Key takeaways: Ethereum setup flashes bull trap warning Ethereum’s $1,200 downside target comes from a Supertrend setup on the daily chart, where two earlier bullish flips failed and led to steep breakdowns. The Supertrend is a simple trend-following line plotted directly on the price chart. It changes color to show the current market direction: green when the trend is rising and red when the trend is falling.…

Polymarket Trader Profits $67K on UFC Fight Mix-Up

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A Polymarket trader turned $676 into $67,608 on Saturday by capitalizing on a rare mistake during a UFC heavyweight bout, where the wrong fighter was initially announced as the winner.  The trader, known as LlamaEnjoyer on Polymarket and Verrissimus on X, watched the live fight between Tyrell Fortune and Marcin Tybura and suspected that a mistake may have been made when UFC presenter Bruce Buffer announced Tybura as the winner. During that time, Polymarket shares for Fortune fell to one cent, and LlamaEnjoyer was able to place the $676 bet…

OKX Integrates Aave on Ethereum L2 X Layer

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OKX’s X Layer is the 21st blockchain to integrate Aave, which recently surpassed the $1 trillion mark in cumulative lending volume. Aave, the largest decentralized lending protocol with $23.5 billion in total value locked, has launched on X Layer, an Ethereum layer-2 blockchain launched by crypto trading platform OKX.  It marks a significant milestone for X Layer, a blockchain with just $25 million in total value locked, which launched in 2024. The integration would allow OKX Wallet and X Layer users to lend, borrow and earn yield without needing to…

Committee Hearing for Fed Chair Nominee is Expected Around Mid-April

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The Senate Banking Committee is reportedly planning to hold its hearing on the nomination of Kevin Warsh as Federal Reserve chair as soon as the week of April 13, according to a report from Punchbowl News citing two sources familiar with the matter. In a report on Sunday, Punchbowl’s sources said the hearing date is “fluid” and that the final deadline depends on Warsh submitting all of his paperwork to the banking committee. Current Fed Chair Jerome Powell’s term is set to end on May 15, but he has previously…