FomoScope - Crypto FOMO Detection & Analysis

cointelegraph.com Mar 12, 2025 21:15

Crypto exchange OKX secures MiFID II license in Europe - Cryptocurrency exchange OKX has acquired a key European Union license that will enable the company to offer derivatives products throughout the region, potentially opening the door to a more advanced segment of the trading community. In a March 12 announcement, OKX’s Europe CEO, Erald Ghoos, confirmed that the exchange acquired a Markets in Financial Instruments Directive (MiFID II) license. The license will allow OKX to launch derivatives trading products for institutional investors across the EU.Source: OKXThe announcement came less than two months after OKX secured a preauthorization under the Markets in Crypto-Assets (MiCA) framework, which allows the exchange to offer localized services across 28 markets within the European Economic Area.Although the MiFID II and MiCA licensing regimes are seen as complementary, they serve different purposes. MiFID II applies to all types of financial instruments and requires crypto derivatives platforms to register. On the other hand, MiCA applies to crypto-asset service providers dealing with cryptocurrencies that are not considered financial instruments. Headquartered in Seychelles, OKX is one of the world’s largest cryptocurrency exchanges based on daily volume. According to CoinMarketCap, the exchange processed nearly $3.7 billion worth of spot trades on March 12. Related: Kraken secures MiFID license to offer derivatives in EuropeGrowing demand for derivativesDemand for cryptocurrency derivatives has been on the rise as more institutional investors enter the digital asset space. A November report by CCData placed the centralized crypto derivatives market at nearly $7 trillion, having climbed 89.4% and surpassing the previous peak in March of last year. Crypto derivatives volumes reached all-time highs in the fourth quarter of 2024. Source: CCDataA February 2024 report by EY predicted that the evolution of decentralized finance (DeFi) would continue to catalyze crypto derivatives markets. The report said:“Despite the high-profile crypto firm bankruptcies in the 2022 crypto recession, which have led to increased calls for greater regulation of the crypto asset industry, including the derivatives-trading sector, it is expected that the crypto derivatives market will continue to grow and evolve with the launch of new products that address market participants’ investment and hedging needs.”When Kraken secured its MiFID license last month, it cited Europe as “one of the most active regions for crypto derivatives trading.”Although not referencing solely derivatives trading, CME Group called Europe the world’s second-largest cryptocurrency economy, accounting for nearly 18% of global transaction volumes. Magazine: Block by block: Blockchain technology is transforming the real estate market

FOMO: 90%

thestreet.com Mar 12, 2025 21:20

Top industry exec thinks Bitcoin reaching $150,000 is pretty achievable - Bitcoin could hit $150K or higher by the end of 2025, according to industry experts.

FOMO: 85%

cointelegraph.com Mar 12, 2025 21:45

Rumble embraces Trump-era crypto strategy with $17M BTC purchase - Video-sharing platform Rumble says it had purchased more than $17 million worth of Bitcoin as part of a previously announced investment strategy.In a March 12 notice, Rumble said it had added 188 Bitcoin (BTC) to its treasury for roughly $17.1 million. The investment, suggested by CEO Chris Pavlovski in November following Donald Trump winning the US presidential election, was touted as a hedge against inflation and part of a broader move to deepen ties to the crypto industry.The platform hinted it could make additional Bitcoin purchases depending on market factors. Though Rumble did not specifically mention Trump or his attempts to establish a strategic Bitcoin reserve and crypto stockpile at the federal level, Pavlovski’s social media posts suggested strong support for the US president’s policies. Rumble’s cloud currently hosts Trump’s social media platform, Truth Social — the president’s primary method for public communications — and entered into an agreement with El Salvador’s government in January to provide services. Cointelegraph reached out to Rumble for comment but did not receive a response at the time of publication.Related: Tether pours $775M into video-sharing platform RumbleWith Bitcoin on its balance sheet, Rumble joins a list of companies that have invested in crypto following the November election, including AI firm Genius Group and software company Semler Scientific. The share price of Rumble stock has fallen roughly 34% since Jan. 1. US government could soon hodl BitcoinSince Jan. 20, the Trump administration has deepened ties between the US government and the crypto industry through executive action and policies. The US Securities and Exchange Commission, one of the biggest financial regulators in the country, announced it would be dropping investigations and enforcement actions against many crypto firms over allegations of unregistered securities offerings. Trump also hosted many crypto executives and CEOs at the White House on March 7 as part of a summit to discuss a proposed national Bitcoin reserve and crypto stockpile.Trump’s proposed Bitcoin reserve — which could be codified into law if Congress moves forward with legislation — could see all BTC seized by US authorities HODLed rather than sold at auction. It’s unclear how this action may affect the price of the cryptocurrency.Magazine: Bitcoin’s odds of June highs, SOL’s $485M outflows, and more: Hodler’s Digest, March 2 – 8

FOMO: 85%

dailyhodl.com Mar 12, 2025 22:01

Binance Receives $2,000,000,000 Investment From Abu Dhabi Investment Firm MGX - The worlds largest crypto exchange platform by volume is receiving $2 billion worth of investments from a state-owned Emirate investment firm focused on technology and artificial intelligence (AI). In a new thread on the social media platform X, Binance announces that it will be taking its...

FOMO: 85%

news.bitcoin.com Mar 12, 2025 22:16

Second Largest Spanish Lender BBVA Announces BTC and ETH Trading Services Platform - Banco Bilbao Vizcaya Argentaria (BBVA), the second-largest lending institution in Spain and one of the largest in Europe, has announced the integration of crypto into an upcoming platform as part of its service offering. The development comes as the bank received approval from the country’s securities regulator to do so, mentioning bitcoin and ether only […]

FOMO: 85%

cryptonews.com Mar 12, 2025 21:07

California Senator Backs Bitcoiner for $500B Pension Fund Board Seat - California legislators endorsed Dom Bei, a Bitcoin advocate, for a CalPERS board seat, potentially adding a pro-Bitcoin voice to the $500 billion pension fund. The post California Senator Backs Bitcoiner for $500B Pension Fund Board Seat appeared first on Cryptonews.

BTC

FOMO: 85%

thestreet.com Mar 12, 2025 22:20

Why the market is wrong about Bitcoins future - Matt Hougan of Bitwise Asset Management explains why Trumps Bitcoin push is more bullish than the market thinks

BTC

FOMO: 90%

news.bitcoin.com Mar 12, 2025 23:30

Texas Pushes Another Crypto Bill—$250M Investment Plan Unfolds - Texas is ramping up its crypto adoption, with a new bill allowing up to $250 million in public funds to be invested—solidifying its leadership in digital assets. Texas Bill Paves Way for $250M Crypto Investment The U.S. state of Texas is actively pursuing legislation to integrate bitcoin into its financial framework, with multiple bills aimed […]

FOMO: 90%

crypto.franknez.com Mar 12, 2025 22:49

SEC Preparing to End Lawsuit Against Ripple: A Bullish Signal for XRP - The SEC is preparing to end its lawsuit against Ripple, a move that could boost XRP and the cryptocurrency market significantly. The post SEC Preparing to End Lawsuit Against Ripple: A Bullish Signal for XRP appeared first on Daily Market News 🗞️.

FOMO: 90%

thecoinrepublic.com Mar 13, 2025 00:03

Whales Scoop Up $5.39B In BTC, $350K Price Inevitable? - Bitcoins biggest investors have been on a buying spree, adding over 40,000 BTC in the past month—signaling strong confidence in the price. Meanwhile, selling pressure on Binance is easing, and a major Head & Shoulders breakout suggests Bitcoin could be gearing up for a massive rally to...

BTC

FOMO: 90%

news.bitcoin.com Mar 13, 2025 01:10

The Bitcoin Act: US Pushes for 1M BTC Reserve Without Taxpayer Cost - The U.S. is pushing to establish a Strategic Bitcoin Reserve, with the BITCOIN Act of 2025 in the House and a Senate companion bill, aiming to acquire 1 million bitcoin in five years without taxpayer burden. 1M Bitcoin in 5 Years: America’s Bold Plan to Secure Digital Dominance Congressman Nick Begich of Alaska announced on […]

FOMO: 85%

news.bitcoin.com Mar 13, 2025 02:05

Coinbase Approved to Launch in India—FIU Registration Secured - Coinbase is officially launching in India, securing FIU approval to offer crypto trading in one of the world’s fastest-growing markets. Coinbase Gains Regulatory Approval to Operate in India Crypto exchange Coinbase (Nasdaq: COIN) has secured registration with India’s Financial Intelligence Unit (FIU), allowing the company to legally provide cryptocurrency trading services in the country. Announcing […]

FOMO: 90%

crypto.franknez.com Mar 13, 2025 00:46

Patrick Bet-David notions XRP has the potential to skyrocket to $1,000 - Explore Patrick Bet-Davids insights on XRP and its potential to reach $100 or $1,000 per token according to crypto analysts. The post Patrick Bet-David notions XRP has the potential to skyrocket to $1,000 appeared first on Daily Market News 🗞️.

MC_

FOMO: 90%

feeds2.benzinga.com Mar 13, 2025 02:10

Bitcoin, Dogecoin Rise, Ethereum Trades Flat On Cooler-Than-Expected Inflation: Top Analyst Anticipates BTC\s Bullish Breakout Toward $91,000 - Leading cryptocurrencies rose further on Wednesday as cooler inflation data boosted risk appetite. read more

FOMO: 90%

cointelegraph.com Mar 13, 2025 03:36

Traders could be prepping to buy as USDT activity hits 6-month high - Onchain activity for Tether has hit a sixth-month high, possibly indicating traders are gearing up to jump back into the market, according to analysts. Data shared by the blockchain data platform Santiment in a March 12 X post shows Tether’s (USDT) onchain activity has been on the rise, peaking with over 143,000 wallets making transfers on March 11, the highest in six months.“When USDT & other stablecoin activity spikes during price drops, traders are preparing to buy. Added buy pressure aids in crypto prices recovering,” Santiment said.Onchain activity for Tethers USDT has spiked, reaching a sixth-month high. Source: SantimentIt comes as Bitcoin (BTC) dropped to a four-month low of $76,700 on March 11, as the wider crypto market shed even more of the gains made post-US election amid macroeconomic uncertainty and an escalating tariff war.Speaking to Cointelegraph, Vincent Liu, chief investment officer at Kronos Research, said traders often accumulate Tether during dips to position themselves for buying opportunities, adding buy pressure that can help crypto prices recover.He speculates the uptick in USDT wallet activity likely reflects traders capitalizing on recent market volatility.“Possible causes include broader economic uncertainties, crypto-specific events like regulatory developments or post-election sentiment shifts, and Tether’s role as a stable haven, making it an ideal holding for investors preparing to deploy capital strategically,” Liu said.Related: Bitcoin, crypto ‘dip buy hype’ is now at its highest level in 7 monthsLiu says the surge in USDT activity is a bullish indicator, suggesting significant buying power on the sidelines, but the crypto market’s recovery will likely depend on factors like macroeconomic conditions, regulatory clarity, and investor confidence.“However, with the inflation rate easing to 2.8% in February, lower than expected in recent CPI data, this could reduce pressure on crypto prices and signal a more favorable environment,” he said.“Additionally, the upcoming Federal Open Market Committee (FOMC) on March 18th may provide further indications on interest rates and monetary policy, potentially influencing market development and recovery,” Liu added. A key Bitcoin and crypto sentiment tracker, the Crypto Fear & Greed Index, hit its lowest score in over two years on Feb. 26 as it slipped deeper into “Extreme Fear,” reaching a score of 10.Crypto sentiment has staged a recovery since, but the index has still registered a score of 45 on March 13, still in fear territory.Tether CEO Paolo Ardoino touring the US Meanwhile, Tether CEO Paolo Ardoino is currently on a tour of the US as lawmakers move to regulate the sector. During a March 12 speech at the Cantor Fitzgerald Global Technology Conference, he said that as it stands, around 37% of USDT users are using it as a savings account to store value.“They don’t have bank accounts. The only thing that they have in their life is usually cash,” Ardoino said.“Now they finally can hold the most used and most important stable currency in the world, that is the US dollar, but they keep it in their smartphones as their savings account.”CEO of @Tether_to, @paoloardoino, speaks at Cantors Global Tech Conference. #CantorTechhttps://t.co/2z8d46WDMG— Cantor (@Official_Cantor) March 12, 2025At the same time, Ardoino said, Tether is acting as one of the “last strongholds for the US dollar” amid growing concerns that the US dollar could lose dominance as the world’s reserve currency and a go-to for international transactions and commodity trades.The stablecoin issuer has also been working to curb bad actors in the space, collaborating on more than 170 law enforcement operations and freezing $2.5 billion in illicit funds, according to Ardoino.Magazine: Crypto fans are obsessed with longevity and biohacking: Here’s why

FOMO: 85%