FomoScope - Crypto FOMO Detection & Analysis

cointelegraph.com Mar 24, 2025 20:08

Crypto exchange Kraken exploring $1B raise ahead of IPO: Report - Cryptocurrency exchange Kraken is considering a major capital raise ahead of a potential initial public offering (IPO) early next year, Bloomberg reported on March 24. Citing anonymous sources, Bloomberg said Kraken is exploring a debt package worth anywhere between $200 million and $1 billion. The exchange is reportedly in preliminary talks with Goldman Sachs and JPMorgan Chase about facilitating the transaction.The source reportedly told Bloomberg that the funds would be used to support Kraken’s growth and not for operational expenses. Bloomberg has been reporting about Kraken’s IPO ambitions for the better part of a year. Talks of going public have intensified following the election of US President Donald Trump, with Bloomberg claiming that Kraken’s IPO could come in the first quarter of 2026.Cointelegraph contacted a Kraken representative about the potential debt package and IPO, but they declined to comment. Kraken is one of the world’s largest crypto exchanges, facilitating more than $1.1 billion in trading volume over the past 24 hours, according to CoinMarketCap data. The exchange grew rapidly in 2024, with year-end financial statements showing $1.5 billion in revenue — a gain of 128% compared to 2023. The company’s adjusted earnings reached $380 million for the year. Kraken’s year-end financial statements show significant growth in revenue, funded accounts and assets. Source: KrakenRelated: Kraken secures MiFID license to offer derivatives in EuropeKraken’s latest acquisitionKraken is expanding its footprint in the derivatives market with the $1.5 billion acquisition of NinjaTrader, a popular brokerage service specializing in futures contracts. The acquisition is part of the exchange’s broader push into multi-asset services, including equities and payments. NinjaTrader was founded in 2003 and is registered with the US Commodity Futures Trading Commission. Source: Arjun SethiThe acquisition suggests crypto companies are growing their business with confidence following the election of a pro-crypto Republican administration. As Cointelegraph reported, Kraken was one of several crypto exchanges to be freed from enforcement action by the US Securities and Exchange Commission. A positive regulatory climate may have contributed to Kraken’s decision to resume crypto staking services for US clients after a nearly two-year hiatus. Clients in 37 states can now access staking services across 17 cryptocurrencies, including Ether (ETH) and Solana (SOL).Magazine: Unstablecoins: Depegging, bank runs and other risks loom

FOMO: 85%

cryptopolitan.com Mar 24, 2025 20:10

BlackRock buys more Bitcoin, receives $100M BTC from Coinbase Prime - BlackRock has received deposits of $100 million in Bitcoin in the last seven days, and its portfolio now holds 570.83 BTC. According to Arkham Intelligence data, the worlds largest asset manager received 350 BTC via Coinbase Prime on Monday. The firm continues to invest more in digital assets,...

BTC

FOMO: 90%

cointelegraph.com Mar 24, 2025 21:14

3 reasons why Solana (SOL) price rallied above $140 - Solanas native token, SOL (SOL), gained 8.5% on March 24, reclaiming the $142 mark for the first time in two weeks. This rally mirrored the gains seen across the broader cryptocurrency market as traders began to expect reduced risks of an economic downturn. The growing risk appetite can also be seen among memecoins, several of which rallied by 12% or more since March 23.Outside of the broad market rally, SOL has its own merits, including a rise in network activity and the direct involvement of US President Donald Trump with the memecoin market. Additionally, growing interest from top traders on exchanges and the increasing likelihood of a spot Solana exchange-traded fund (ETF) approval suggest further potential for SOL’s price growth.SOL/USD (green) vs. crypto market cap (orange). Source: TradingView / CointelegraphDespite the recent rally, SOL has underperformed the broader crypto market by 23.7% over the past two months. This weakness is linked to a 93% decline in Solana network fees during that period. The decline likely began with traders’ disappointment in the memecoin sector but gradually affected the entire decentralized application (DApps) market.SOL still trades 52% below its all-time highTraders now question whether the selling was an overreaction, as SOL is currently trading 52% below its all-time high of $295. This comes despite Solana remaining the second-largest blockchain in terms of total value locked (TVL) and ranking third in onchain volumes. For comparison, BNB is trading 20% below its all-time high, and XRP is 28% below its peak.Blockchains ranked by total value locked (TVL), USD. Source: DefiLlamaWhile Tron and BNB Chain provide competition in terms of onchain volumes, deposits in Solana network’s smart contracts are valued at $6.8 billion. In third place, BNB Chain holds 21% less TVL, with $5.4 billion. Key highlights on Solana include the Jito liquid staking solution, Kamino lending and liquidity platform, and the Jupiter decentralized exchange.The fees on the Solana network are now higher than those on the Ethereum base layer, surpassing $1 million per day. More importantly, Solanas revenue has recently reached its highest levels in two weeks. While still far from the levels seen two months ago, the increase in Solana network activity suggests that the bottom may have been reached as the numbers continue to improve steadily.Solana network daily fees, USD. Source: DefilLlamaAs a comparison, Ethereum accrued less than $350,000 in fees on March 23, leading to an increase in ETH supply as the built-in burn mechanism failed to offset weak blockchain activity. Solana, on the other hand, offers a 7.7% native staking reward rate, surpassing the equivalent 5.1% inflation rate, according to StakingRewards data.Solana ETF decision nears while Trump tweet boosts memecoin momentumDespite SOL’s price weakness, top traders on Binance have increased their leveraged long (bull) positions on SOL, according to CoinGlass data.Binance top traders long-to-short SOL ratio. Source: CoinGlassThe long-to-short ratio among top traders on Binance surged to 2.40 on March 23, its highest level in over two months. Part of the excitement can be attributed to the anticipation of the spot Solana exchange-traded fund (ETF) approval in the US.The US Securities and Exchange Commission is expected to issue its final verdict before the end of the year, according to Matthew Sigel, VanEck’s head of digital asset research. Although success is not guaranteed, the eventual spot Solana ETF approval would set SOL apart from its competitors, adding legitimacy to the asset, especially among institutional investors.Another source of momentum came from a weekend social post by President Trump, which explicitly mentioned the TRUMP memecoin and helped to create a buzz in the sector. In the Solana ecosystem, Fartcoin gained 15% on March 24, Dogwifhat (WIF) rallied 12%, and Pudgy Penguins (PENGU) traded up by 12%.Ultimately, SOL has significant potential for higher gains, given the network’s TVL and fees, especially in comparison to competitors, along with bullish positioning from whales using leverage.This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.

FOMO: 88%

thecoinrepublic.com Mar 24, 2025 21:21

Cardano (ADA) Price Could Skyrocket To $10: Heres How - Cardano (ADA) price could reach $10 in the coming bull cycle. It is a 1,300% increase from current prices around $0.70, according to crypto analyst Dan Gambardello. Gambardello points to several fundamental factors that make this move very realistic when considering Cardanos positioning...

ADA

FOMO: 85%

thestreet.com Mar 24, 2025 21:11

Trump wants lower rates, softer tariffs — markets react, Bitcoin climbs - With Bitcoin eyeing the $90K barrier and altcoins exploding in reaction, President Trumps demand for interest rate cuts and a modified tariff stance has raised investor optimism across markets.

BTC

FOMO: 90%

news.bitcoin.com Mar 24, 2025 21:29

Toulouse City Pioneers Crypto-Powered Public Transport in Europe - According to several reports, Toulouse became the first city in France to accept bitcoin and other cryptocurrencies for subway and public transport payments starting March 17, 2025, as part of a broader initiative to modernize transit systems. Europe’s First: Toulouse Metro Adopts Bitcoin Payments Toulouse’s public transport operator, Tisséo, launched cryptocurrency payments for metro, bus, […]

FOMO: 90%

thedefiant.io Mar 24, 2025 21:35

U.S. Spot Bitcoin ETFs Absorb 8,775 BTC, See $744 Million Inflows Amid Ethereum Outflows - U

BTC

FOMO: 85%

youtube.com Mar 24, 2025 21:21

Nik Bhatia: Bitcoin Has Entered the Final Stage! (Here\s Why it Matters) - Nik Bhatia, author of Bitcoin Age and Layered Money, joins Simply Bitcoin to drop absolute fire on why 2024–2025 marks the true mainstreaming of Bitcoin. From six-figure BTC and strategic reserves to the forgotten roots of the Eurodollar system and Star Wars analogies about fiat mind tricks, Nik...

BTC

FOMO: 90%

cointelegraph.com Mar 24, 2025 21:53

Abu Dhabi’s financial free zone signs MoU with Chainlink for tokenization frameworks - Abu Dhabi Global Market (ADGM), a financial zone with over $635 billion in assets under management, signed a Memorandum of Understanding (MoU) with Chainlink in a move to connect the world of traditional finance with blockchain data.The agreement will allow ADGM to use Chainlink’s suite of tools, such as data feeds and interoperability technology, ADGM said in a March 24 announcement. The partnership also aims to encourage further discussion around blockchain, artificial intelligence, and other emerging technologies in the region.ADGM, which opened in 2015, is in the United Arab Emirates’ financial free zone. It operates under its own civil and commercial legal system, based on English Common Law. Designed to bolster Abu Dhabi’s status as a financial hub, ADGM plays a central role in attracting global firms and expanding the city’s financial services sector.By the end of 2024, ADGM hosted 134 asset and fund managers overseeing 166 funds. The total number of financial institutions operating within its jurisdiction rose to 275, with 79 new firms, including prominent names such as BlackRock, PGIM, and Morgan Stanley.Related: What is Chainlink, and how does it work?UAE sees rising crypto adoptionMultiple metrics show that cryptocurrency adoption in the UAE is rising, aided by government openness to the emerging technology. The country saw a 41% increase in crypto app downloads in 2024 from 2023, and it ranked third out of 28 countries in the Henley Crypto Adoption Index 2024.Abu Dhabi in particular has been a hot spot for crypto firms. In December 2024, the ADGM Financial Services Regulatory Authority officially recognized Tether’s USDT (USDT) stablecoin as an accepted virtual asset, paving the way for the cryptocurrency’s integration into the local financial ecosystem.On March 12, Binance announced that MGX, an Abu Dhabi-based investment firm, had invested $2 billion into the exchange, one of the largest funding deals in the industry’s history.Dubai, another Emirate in the UAE, has also shown itself open to cryptocurrency businesses. In February, Dubai approved USDC (USDC) and EURC as the first two stablecoins under its regime.Magazine: X Hall of Flame: ChainLinkGod was in High School when he started the account!

FOMO: 90%

dailyhodl.com Mar 24, 2025 22:01

Crypto Products Break Drought With $644,000,000 in Weekly Inflows: CoinShares - Crypto asset manager and research firm CoinShares says institutional investors poured millions of dollars into digital asset investment vehicles last week. In its latest Digital Asset Fund Flows Weekly Report, CoinShares says crypto products finally snapped their worst run of investor outflows...

BTC

FOMO: 85%

thecoinrepublic.com Mar 24, 2025 22:43

APTOS Crypto Buying at $5 Could Trigger Bull Run to $100, If.. - Within the current market, the Aptos crypto trading price stands at around $5.52, which indicates increasing investor accumulation activity. Market analysts project substantial growth for APT when its price crosses $20 to surpass the resistance barrier. A successful breakout could lead Aptos...

APT

FOMO: 85%

beincrypto.com Mar 24, 2025 23:09

Particle Network (PARTI) Airdrop and Binance Listing: Everything You Need to Know - Binance announced that the Particle Networks PARTI token will be in its HODLer Airdrops program. The PARTI token generation event (TGE) will take place tomorrow, March 25, followed by airdrops and listing on several centralized exchanges. OKX is also going to list PARTI. The launch price is...

FOMO: 90%

news.bitcoin.com Mar 25, 2025 00:30

Robert Kiyosaki: Bitcoin Set to Hit $200K as FOMO Explodes—Yet Most Freeze in Fear Far Worse - Robert Kiyosaki says bitcoin is creating historic wealth and will soar past $200K this year—while fearful investors will stay poor, paralyzed until it’s too late. Robert Kiyosaki Expects Bitcoin to Soar Past $200K This Year Robert Kiyosaki, author of the best-selling book Rich Dad Poor Dad, has cautioned against a common mindset he believes keeps […]

FOMO: 90%

coincu.com Mar 25, 2025 00:30

Oklahoma Passes Bill for Bitcoin Investment in Public Funds - Oklahoma approves investment in Bitcoin, allocating 10% of state funds to digital assets over $500 billion market cap.

FOMO: 85%

youtube.com Mar 25, 2025 00:30

Why The USA Buying Bitcoin Is A Game Changer! - Dante talks about how the USA creating a Bitcoin reserve is a game changer.Brought to you by Bitcoinwell.com a bitcoin-only platform on a mission to enable independence.#bitcoin #bitcoinnews #shortsopen

BTC

FOMO: 90%