FomoScope - Crypto FOMO Detection & Analysis

cointelegraph.com Mar 14, 2025 07:57

Russia using Bitcoin, USDt for oil trades with China and India: Report - Russian companies have been using cryptocurrencies like Bitcoin and USDt to facilitate international trade with China and India, according to a Reuters report.Russian oil companies have been using crypto assets like Bitcoin (BTC) and Tether’s USDt (USDT) to accelerate international trades, Reuters reported on March 14, citing four sources with direct knowledge of the matter.One Russian oil trader reportedly conducts tens of millions of dollars worth of monthly transactions using digital assets, according to a source who spoke on condition of anonymity due to a non-disclosure agreement.While the Russian Finance Minister publicly declared that Russia is free to use assets like Bitcoin in foreign trade in late 2025, the use of crypto in oil transactions with China and India has not been previously reported.Russia’s oil trade in crypto: How does it work?According to Reuters, the process of Russia’s foreign oil trade in crypto involves middlemen who manage offshore accounts and facilitate transactions in the local currency of the buyer.One example includes a Chinese buyer of Russian oil that pays a trading company acting as a middleman in yuan into an offshore account.The middleman then converts payments into crypto assets and transfers it to another account, which then sends it to a third account in Russia and converts it to Russian rubles, sources said.Crypto will be used no matter of sanctionsAccording to one of Reuters sources, crypto will likely continue to be used in Russia’s foreign oil trading regardless of whether any sanctions are in place and even if the sanctions are lifted, and Russia is free to use the dollar again.“It is a convenient tool and helps run operations faster,” the report said, citing the source.The news comes amid the Bank of Russia officially proposing to legalize cryptocurrency investments for high-net-worth individuals, who have at least least $1.1 million in securities and deposits.This is a developing story, and further information will be added as it becomes available.Magazine: Ridiculous ‘Chinese Mint’ crypto scam, Japan dives into stablecoins: Asia Express

FOMO: 90%

cointelegraph.com Mar 14, 2025 08:10

XRP price poised for 46% gains after Ripple secures first Dubai license - XRP (XRP) price is eyeing a breakout from a classic chart pattern in the near future after Ripple acquired its first-ever license in the Middle East. XRP price chart hints at possible 46% gainsXRP has been consolidating inside a descending triangle pattern since topping out at its seven-year high of $3.40 on Jan. 16. After finding support from the triangle’s horizontal line at $2.00, the XRP/USD pair has left behind a sequence of higher lows over the last four days to its upper trendline, as shown in the chart below.XRP/USD daily chart. Source: Cointelegraph/TradingViewXRP‘s price is now testing the triangle‘s upper trendline at $2.30, raising hopes of a daily candlestick close above this level.If this happens, XRP could rally toward the $3.00 psychological level, a critical supplier congestion zone that has rejected the price twice in recent times.A move past this level would push the price toward the next major resistance at $3.27 and later to the multi-year high at $3.40, amounting to a rise between 30% and 46%.Meanwhile, popular crypto analyst CrediBull Crypto says XRP’s drop to sub-$2.00 levels provided a perfect entry for buyers, targeting profits around $3.40.Manifest destiny. $XRP https://t.co/Pa2pKSbYHq pic.twitter.com/FyeWfMrw5z— CrediBULL Crypto (@CredibleCrypto) March 14, 2025Ripple secures Dubai licenseOn March 13, Ripple announced that it had secured approval from the Dubai Financial Services Authority, allowing it to offer regulated crypto payment services in the UAE.Ripple has secured regulatory approval from the Dubai Financial Services Authority (DFSA), making us the first blockchain payments provider licensed in the DIFC. https://t.co/6oHWtnjODrThis milestone unlocks fully regulated cross-border crypto payments in the UAE, bringing…— Ripple (@Ripple) March 13, 2025This approval, Ripple’s first in the Middle East, will allow the payments company to tap into the UAE’s $40 billion remittance and $400 billion international trade markets.Related: Price analysis 3/12: BTC, ETH, XRP, BNB, SOL, ADA, DOGE, PI, LEO, HBARFollowing the announcement, XRP price gained 6% from a low of $2.21 to a high of $2.34 on March 11, reflecting market optimism.“Ripple’s DFSA license in Dubai’s DIFC marks a game-changer, ” said popular commentator Vincent van Code in a March 13 post on X, adding that it positions the” company as a leader in regulated crypto payments across the UAE’s $40B cross-border market.”“This could unlock massive potential for XRP, driving adoption and growth as blockchain transforms global finance.”Ripple’s battle with SEC nears an endAnother potential catalyst for XRP price is the possible end of the SEC’s case against Ripple.Ripple’s prolonged legal battle with the US Securities and Exchange Commission (SEC) since 2020 over allegations of unregistered XRP sales may be nearing a resolution.The July 2023 ruling by Judge Torres, deeming XRP not a security for retail sales but fining Ripple $125 million for institutional violations, marked a turning point. Recent reports suggest both parties might drop their appeals, with Ripple negotiating better terms amid a perceived shift in SEC priorities under new leadership.“The SECGov vs. Ripple case is in the process of wrapping up and could be over soon,” said Fox Business’s Eleanor Terret, citing two unmentioned sources.Terret explained the SEC could be reconsidering its aggressive crypto enforcement, potentially aligning with a more lenient regulatory stance.“The argument, I’m told, is that the new SEC leadership is wiping the enforcement slate clean for all previously targeted crypto firms because it believes regulatory clarity will resolve the underlying issue.”As Cointelegraph reported, several cases against several crypto companies were dismissed in recent weeks, including Coinbase, Robinhood and Kraken, by the new SEC administration under acting Chair Mark Uyeda.This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

FOMO: 90%

cointelegraph.com Mar 14, 2025 08:10

XRP price poised for 46% gains after Ripple secures first Dubai license - XRP (XRP) price is eyeing a breakout from a classic chart pattern in the near future after Ripple acquired its first-ever license in the Middle East. XRP price chart hints at possible 46% gainsXRP has been consolidating inside a descending triangle pattern since topping out at its seven-year...

XRP

FOMO: 85%

cointelegraph.com Mar 14, 2025 08:47

Bitcoin logo shines over Austin, Texas as Gemini sets new world record - Cryptocurrency exchange Gemini set a new Guinness world record by deploying 1,000 drones to form the Bitcoin logo in the sky, marking the largest-ever aerial display of a currency symbol.The event, held on March 13 in Austin, Texas, celebrated the US Strategic Bitcoin Reserve initiative.Source:...

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FOMO: 90%

coinpedia.org Mar 14, 2025 09:00

BlackRock Eyes XRP ETF Filing After SEC Lawsuit Conclusion - The post BlackRock Eyes XRP ETF Filing After SEC Lawsuit Conclusion appeared first on Coinpedia Fintech News BlackRocks filing for an XRP ETF is highly awaited in the XRP community, as the company manages $11.6 trillion in assets. Franklin Templeton, a $1.5 trillion asset manager, recently...

XRP

FOMO: 85%

dailyhodl.com Mar 14, 2025 09:15

Bitcoin Market Cap Primed To Surge to Hundreds of Trillions of Dollars, Says Strike CEO Jack Mallers – Heres How - The CEO of Bitcoin (BTC) wallet and payments application Strike, Jack Mallers, believes that the top digital assets market cap may shoot up by trillions of dollars. In a new interview with Pomp Investments founder Anthony Pompliano at the Bitcoin Investor Week in New York, Mallers says that...

BTC

FOMO: 90%

daily.shib.io Mar 14, 2025 09:16

Shiba Inu Whales Scoop Up Trillions Of SHIB Amid Price Surge - After a few days of price slump, Shiba Inu (SHIB) explodes onto the scene as whale wallets aggressively accumulate trillions of tokens, riding a wave of surging prices and igniting bullish sentiment across the crypto community. Massive Whale Accumulation Fuels SHIB Rally: A Bullish Signal? Data...

FOMO: 85%

cointelegraph.com Mar 14, 2025 09:29

Bitcoin panic selling costs new investors $100M in 6 weeks — Research - Bitcoin (BTC) speculators have secured losses of over $100 million in just six weeks thanks to panic selling, new research calculates.Data from onchain analytics platform CryptoQuant reveals the true extent of recent capitulation by short-term holders (STHs).Bitcoin speculators run to the exit “in the red”Bitcoin entities hodling coins between one and three months bore the brunt of a brutal bull market drawdown — and many did not stay the course.CryptoQuant suggests that this section of the overall STH investor cohort, defined as those buying up to six months ago, is around $100 million out of pocket.“This represents a significant reduction in the value of Bitcoin held by this cohort, who are now underwater as many bought at higher prices and are exiting with losses,” contributor Onchained wrote in one of its “Quicktake” blog posts on March 13.Onchained referenced the market cap and realized cap of the relevant entities, corresponding to the current value of the BTC they own versus the price at which they last moved onchain.“The market capitalization (MC) of their holdings is now lower than the realized capitalization (RC), signaling that these holders are locking in realized losses,” the post continues. “This behavior is contributing to increased selling pressure and could lead to further downward price action in the short term.”Bitcoin 1-3 month investor market cap, realized cap (screenshot). Source: CryptoQuantAn accompanying chart shows a dramatic negative weekly change in the realized cap on a scale not seen in many months.The cohort’s net unrealized profit/loss (NUPL) score, currently at -0.19, likewise suggests more coins being held “underwater” than at any time over the past year.Bitcoin 1-3 month investor NUPL. Source: CryptoQuantBTC price drawdown belies “broader bearish phase”February marks just the latest trial for recent Bitcoin buyers, with BTC/USD losing up to 30% versus its latest all-time highs seen in mid-January.Related: Bitcoin price drops 2% as falling inflation boosts US trade war fearsAs Cointelegraph reported, sudden corrections have tended to cost speculative investors heavily, with loss-making sales commonplace as fear and panic set in.Large-volume entities, meanwhile, are increasingly ignoring short-term BTC price fluctuations to add exposure at levels around $80,000.In its latest weekly report seen by Cointelegraph on March 12, CryptoQuant warned that the current correction may be more tenacious than it appears on the surface.“Historically, bull market corrections tend to be short-lived and followed by strong recoveries, but current on-chain indicators point to a potential structural shift that could preclude a broader bearish phase,” it summarized.Bitcoin price drawdowns by year. Source: CryptoQuantThis article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

FOMO: 85%

@BTC_Archive Mar 14, 2025 09:17

BREAKING:: 🇺🇸 US Government intends to buy as much Bitcoin as possible, says White House official - Decrypt

BTC

FOMO: 90%

coinpedia.org Mar 14, 2025 09:48

Russia Adopts Bitcoin and Ethereum for Oil Trade with BRICS Nations to Evade Sanctions - The post Russia Adopts Bitcoin and Ethereum for Oil Trade with BRICS Nations to Evade Sanctions appeared first on Coinpedia Fintech News Since President took the oath of office earlier this year, the administration has put in place efforts to reset the bilateral relations with Russia....

FOMO: 90%

square.binance.com Mar 14, 2025 09:22

Crypto News: Solana CME Futures Signal Impending U.S. ETF Approvals, Says Titan CEO - The upcoming launch of Solana (SOL) futures on the Chicago Mercantile Exchange (CME) suggests that U.S. regulators may soon approve the first Solana exchange-traded funds (ETFs), according to Chris Chung, CEO of Titan, a Solana-based swap platform.Key Developments:CME to Launch Solana Futures on...

FOMO: 85%

square.binance.com Mar 14, 2025 09:26

Bitcoin News: Bitcoin Eyes $105K Amid Liquidity Surge and Regulatory Shifts - Bitcoin (BTC) has rebounded 8% from its March 11 low of $76,703, driven by large investors aggressively accumulating BTC with leverage. As macro liquidity conditions shift and regulatory clarity improves, Bitcoin could be on track to surpass $105,000 by May 2025.Key Factors Driving Bitcoins...

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cointelegraph.com Mar 14, 2025 12:42

US Rep. Byron Donalds to introduce bill codifying Trump’s Bitcoin reserve - A new bill set to be introduced in Congress aims to formalize President Donald Trump’s executive order establishing a US Strategic Bitcoin Reserve, a move that could further integrate Bitcoin into the nation’s financial strategy.Trump signed an executive order on March 7 to use Bitcoin (BTC) seized in government criminal cases to establish a national reserve.The legislation, introduced by US Representative Byron Donalds, seeks to ensure the Bitcoin reserve becomes a permanent fixture, preventing future administrations from dismantling it through executive action.Source: Margo Martin“For years, the Democrats waged war on crypto,” Donalds, a Florida Republican, said in a statement to Bloomberg. “Now is the time for Congressional Republicans to decisively end this war.”If the bill is passed, it would ensure that the Strategic Bitcoin Reserve and the US Digital Asset Stockpile could not be eliminated via executive actions by a future administration.The bill will require at least 60 votes in the Senate and a House majority to pass. With Republicans holding a Senate majority — and a generally more crypto-friendly stance —the bill has a chance of passing.US states with Bitcoin reserve bill propositions. Source: BitcoinlawsAccording to Bitcoinlaws data, at least 23 US states have introduced legislation supporting a Bitcoin reserve, reflecting growing state-level interest in integrating crypto into fiscal policy.Related: Trump turned crypto from ‘oppressed industry’ to ‘centerpiece’ of US strategyA “pivotal moment” for US crypto regulationsThe introduction of the Bitcoin reserve-related bill marks a pivotal moment for the wider crypto industry, not just BTC.The legislation “aims to cement the reserve as a permanent fixture, shielding it from reversal by future administrations,” according to Anndy Lian, author and intergovernmental blockchain expert.The bill signals the US government’s intent to integrate Bitcoin into its financial framework, Lian told Cointelegraph, adding:“It builds on Trump’s earlier executive action by providing a statutory backbone, potentially clarifying the government’s stance on digital assets. If passed, the bill could reduce uncertainty that has long plagued the crypto space, where agencies like the SEC and CFTC have often clashed over jurisdiction.”“A codified reserve might encourage a more cohesive regulatory approach, offering businesses and investors a clearer path forward,” he added.However, identifying the right funding mechanisms and custody solutions for the Bitcoin reserve is a challenging step for governmental entities that may delay the fund’s creation.Related: European lawmakers silent on US Bitcoin reserve amid digital euro pushDonalds’ bill may also provide more clarity on the government’s future Bitcoin acquisition strategies. Although the current plan does not involve government Bitcoin purchases, the order does not rule them out in the future.The order authorizes the US Treasury and Commerce secretaries to develop “budget-neutral strategies” to buy more Bitcoin for the reserve, provided there are no additional costs to taxpayers.Magazine: SCB tips $500K BTC, SEC delays Ether ETF options, and more: Hodler’s Digest, Feb. 23 –March. 1

FOMO: 88%

cointelegraph.com Mar 14, 2025 12:42

US Rep. Byron Donalds to introduce bill codifying Trumps Bitcoin reserve - A new bill set to be introduced in Congress aims to formalize President Donald Trumps executive order establishing a US Strategic Bitcoin Reserve, a move that could further integrate Bitcoin into the nations financial strategy.Trump signed an executive order on March 7 to use Bitcoin (BTC)...

BTC

FOMO: 90%

cointelegraph.com Mar 14, 2025 12:55

Hong Kong fintech sector sees 250% blockchain growth since 2022 - Hong Kong anticipates the continued growth of its fintech ecosystem, with blockchain, digital assets, distributed ledger technology (DLT) and artificial intelligence playing a central role in shaping its future.Hong Kong is home to over 1,100 fintech companies, which include 175 blockchain application or software firms and 111 digital asset and cryptocurrency companies, marking a 250% and 30% increase, respectively, since 2022, according to the Hong Kong Fintech Ecosystem report by InvestHK, a government department overseeing Foreign Direct Investments.Participants of the Hong Kong Fintech Ecosystem. Source: InvestHKExploring deeper fintech revenue streamsThe expansive growth of Hong Kong’s Web3 industry is attributed to proactive government policies and an active licensing regime for crypto exchanges or virtual asset trading platforms.“The revenue for the Hong Kong fintech market is projected to reach US$606 billion by 2032, with an anticipated annual growth rate of 28.5% from 2024 to 2032,” the report stated.InvestHK, along with other Hong Kong authorities, surveyed 130 fintech companies operating in Hong Kong and identified talent shortage as the top concern in the region, cited by 58.8% of respondents, followed by access to capital (43.9%). Related: Coinbase to add 1,000 more US jobs in 2025, thanks to Trump — Brian ArmstrongAddressing these hurdles will be critical to sustaining Hong Kong’s momentum to become the top financial hub.Over 73% of the surveyed fintech companies operate in the AI subsector, far exceeding the 41.5% focused on digital assets and cryptocurrency.China’s “one country, two systems” policy at playThe InvestHK report highlighted Hong Kong’s advantage in adopting China’s “one country, two systems” policy, allowing it to maintain a free-market economy, unrestricted capital flow, and strong global trade relations while benefiting from its proximity to mainland China.As a result, the Hong Kong government was able to roll out several Web3 innovations, including a licensing regime, spot Bitcoin (BTC) and Ether (ETH) exchange-traded funds, the Hong Kong Monetary Authority’s stablecoin sandbox and tokenized finance and AI integration.Hong Kong Monetary Authority’s five-step “Fintech 2025” strategy. Source: HKMAIn 2021, the HKMA unveiled a strategy to establish itself as a financial hub by 2025. The strategy included encouraging fintech adoption among banks, increasing Hong Kong’s readiness in issuing central bank digital currencies at both wholesale and retail levels, enhancing the city’s existing data infrastructure and building new ones, increasing the supply of fintech talent and formulating supportive policies for the Hong Kong fintech ecosystem.Magazine: Vitalik on AI apocalypse, LA Times both-sides KKK, LLM grooming: AI Eye

FOMO: 85%