FomoScope - Crypto FOMO Detection & Analysis

thedefiant.io Mar 17, 2025 16:30

Trump\s Proposed Crypto Reserve Could Propel Bitcoin to $500,000, Boosting U.S. Crypto Dominance Over China and Russia - Standard Chartered has indicated that President Trumps proposed strategic Bitcoin reserve could elevate the value of Bitcoin (BTC) to $500,000.

S

FOMO: 90%

cryptopotato.com Mar 17, 2025 16:49

80% Surge for This Cryptocurrency After Binance Listing (Hint: Its Not PI) - The Binance effect was in full force once again.

PI

FOMO: 85%

99bitcoins.com Mar 17, 2025 14:24

Will Powell Pump Markets This Week: All Eyes on FOMC Crypto Impact - The crypto market is feeling bullish with anticipation as all eyes turn to the FOMC meeting. Federal Reserve Chair Jerome Powell and his rate cuts statements will ignite a pump across the market, especially Bitcoin and altcoins. The crypto community is betting on a future rate cut, predicting a Bitcoin pump. Adding fuel to the.. The post Will Powell Pump Markets This Week: All Eyes on FOMC Crypto Impact appeared first on 99Bitcoins.

FOMO: 85%

coinjournal.net Mar 17, 2025 17:47

PLUME token jumps 20% as YZi Labs invests in Plume Network - Plume jumped 20% after YZi Labs announced an investment in Plume Network The price of PLUME reached $0.18, not far from its all-time high of $0.21. Plume has raised funds from Brevan Howard, Haun Ventures and Galaxy. Plume Networks native token PLUME soared 20% as YZi Labs, formerly Binance...

PLUME

FOMO: 85%

newsbtc.com Mar 17, 2025 18:00

Shiba Inu Gains Momentum: SHIB Price Breaks Above 100-Day Moving Average, Whats Next? - Shiba Inu is gaining momentum as its price breaks above the critical 100-day moving average, a sign that bullish sentiment may be strengthening. This breakout marks an important shift in SHIBs market structure. Historically, moving averages serve as dynamic support and resistance levels, and...

FOMO: 85%

cointelegraph.com Mar 17, 2025 18:20

Ripple files trademark application for custody service, wallet - Ripple Labs has filed a trademark application for the word mark “Ripple Custody,” indicating that the company behind the XRP (XRP) token is considering expanding its brand in the crypto custody space.The filing notes four use cases for the word mark, including one that reads “Financial services, namely, custodial services in the nature of maintaining storage and possession of cryptocurrency […] for financial management purposes.”Crypto custodians store and manage digital assets for individuals and institutions, aiming to minimize risks such as private key loss and security breaches. The demand for custody services has grown significantly in recent years, especially following the approval of exchange-traded funds (ETFs) in the US in 2024. Major players in this space include Coinbase, Citi and BNY Mellon, among others.Screenshot of Ripple Labs’ trademark application. Source: JUSTIA TrademarksThe trademark filing follows Ripple’s launch of its custody service in October 2024. At the time, the company said the move sought to diversify its revenue streams beyond its payment settlement service.A Ripple spokesperson declined to comment on the trademark filing.Will Ripple launch a crypto wallet?Another use case listed in the trademark filing reads, “downloadable software for custody of cryptocurrency, fiat currency, virtual currency, and digital currency; downloadable software for transmission and storage of cryptocurrency, fiat currency, virtual currency, and digital currency.”The use case may indicate that Ripple could be planning to launch a cryptocurrency wallet, either to support its native token, XRP, or a wider variety of digital assets. Currently, the company does not offer a crypto wallet. The wallet services offering would provide another revenue stream to Ripple by collecting transaction fees.Companies already offering support for XRP and other cryptocurrencies include Ledger and Trezor hardware wallets, Trust Wallet, Exodus and many others.Magazine: Hall of Flame: Crypto Banter’s Ran Neuner says Ripple is ‘despicable,’ tips hat to ZachXBT

FOMO: 90%

cointelegraph.com Mar 17, 2025 18:40

Robinhood shares up 8% after launching betting markets hub - Robinhood has launched a betting markets hub as the online brokerage — best known for stock trading — expands its presence in emergent asset classes, including cryptocurrencies and event contracts, according to a March 17 announcement. Robinhood’s stock, HOOD, rose roughly 8% on the Nasdaq after the announcement, according to data from Google Finance. The new betting feature will let users “trade contracts for what the upper bound of the target fed funds rate will be in May, as well as the upcoming men’s and women’s College Basketball Tournaments,” it said. HOOD’s intraday performance on the Nasdaq on March 17. Source: Google FinanceThe online brokerage is tapping Kalshi, the US’ first CFTC-regulated prediction platform, to operate the event contract platform, it said. Kalshi is already registered to list dozens of event contracts, covering outcomes ranging from election results to Rotten Tomatoes movie ratings.Prediction markets “play an important role at the intersection of news, economics, politics, sports, and culture,” JB Mackenzie, vice president and general manager of futures and international at Robinhood, said in a statement. Experts say political betting markets often capture public sentiment more accurately than polls. Platforms such as Kalshi and Polymarket accurately predicted US President Donald Trump’s November election win even as polls indicated a tossup.Related: Robinhood tips Singapore launch, touts memecoin interest: ReportRising popularityPrediction markets have become increasingly popular in the US since September 2024, when Kalshi prevailed in a lawsuit challenging a CFTC decision to bar it from listing political event contracts.By November, trading volumes across popular prediction markets neared $4 billion for contracts tied to the US elections.Robinhood tested the waters of political event contracts in October when it started letting certain users bet on the outcome of the presidential election between former Vice President Kamala Harris and Trump.In February, Robinhood suspended Super Bowl betting after receiving a request from the CFTC to nix its customers’ access to the event contracts.Beyond stock tradingRobinhood has been expanding its footprint in emerging asset classes, including cryptocurrencies and derivatives. On March 13, the company listed memecoins like Pengu (PENGU), Pnut (PNUT) and Popcat (POPCAT) in a bid to expand its presence in crypto. Back in January, it rolled out futures contracts tied to cryptocurrencies such as Bitcoin (BTC).Robihood’s latest earnings report shows the firm posted a 700% year-over-year jump in crypto revenues in the fourth quarter of 2024 as Trump’s election win and rising market prices fueled boosted crypto trading.X Hall of Flame: Memecoins will die and DeFi will rise again — Sasha Ivanov

FOMO: 85%

cointelegraph.com Mar 17, 2025 19:00

New BITCOIN Act would allow US reserve to exceed 1M: Law Decoded - The newly reintroduced Boosting Innovation, Technology, and Competitiveness through Optimized Investment Nationwide (BITCOIN) Act of 2025 by Senator Cynthia Lummis would allow the United States to potentially hold over 1 million Bitcoin (BTC) in its crypto reserves. The bill directs the government to buy 200,000 BTC annually over five years, to be paid for with existing funds within the Federal Reserve and the Treasury Department. If signed into law, the act would allow the US to hold more than 1 million BTC as long as the assets are acquired through lawful means other than direct purchases, including criminal or civil forfeitures, gifts, or transfers from federal agencies. Continue readingDemocratic lawmaker urges Treasury to cease Trump’s Bitcoin reserve plansUS Representative Gerald Connolly, a Democrat from Michigan, called on the Treasury to cease its efforts to create a crypto reserve in the United States. The lawmaker said there were conflicts of interest with US President Donald Trump and argued that the reserve would not benefit Americans.Connolly criticized the reserve in a letter addressed to Treasury Secretary Scott Bessent, arguing that there’s no “discernible benefit” to Americans and that the move would instead make Trump and his donors richer. Continue readingArgentine lawyer requests Interpol red notice for LIBRA creator: ReportArgentine lawyer Gregorio Dalbon is seeking an Interpol Red Notice for Hayden Davis, the co-creator of the LIBRA token, which caused a political scandal in Argentina. Dalbon submitted a request, seeking the Red Notice, to prosecutor Eduardo Taiano and judge María Servini, who are investigating the involvement of President Javier Milei in the memecoin project. In a filing, the lawyer said there’s a procedural risk if Davis remains free. The lawyer argued that Davis could have access to funds that might allow him to go into hiding or flee to the US. Continue readingAmerica must back pro-stablecoin laws, reject CBDCs — US Rep. EmmerIn a House Financial Services Committee hearing, US Representative Tom Emmer said that central bank digital currencies (CBDCs) threaten American values. The lawmaker called on Congress to pass his CBDC Anti-Surveillance State Act to block future administrations from launching a CBDC without congressional approval. Emmer said at the hearing that CBDC technology is “inherently un-American,” adding that allowing unelected bureaucrats to issue a CBDC could “upend the American way of life.”Continue readingTexas lawmaker seeks to cap state’s proposed BTC purchases at $250 millionRon Reynolds, a Democratic state representative in Texas, has proposed a cap for the state’s investment in Bitcoin or other cryptocurrencies. The lawmaker proposed in a bill that the state’s comptroller should not be allowed to invest more than $250 million in crypto. The bill also directs Texas municipalities or counties to not invest more than $10 million in crypto. The proposed bill follows the Texas Senate’s approval of legislation establishing a strategic Bitcoin reserve in the state.Continue reading

FOMO: 90%

cointelegraph.com Mar 17, 2025 19:00

Polymarket bettors say there’s a 100% chance the Fed ends QT before May - Betters on Polymarket believe it’s now a certainty that the US Federal Reserve will wind down its quantitative tightening (QT) program by May of this year, a move many analysts say could trigger the next leg of the crypto bull market. By March 14, Polymarket’s betting odds that the Fed would end QT by April 30 was 100%, where it remains unchanged at the time of writing.The wager, titled “Will Fed end QT before May?,” has more than $6.2 million in cumulative trading volume.Polymarket users have assigned a 100% probability that the Fed will end quantitative tightening in the coming months. Source: PolymarketPolymarket is a crypto-based prediction market that lets betters wager on real-world events. It rose to prominence during the 2024 US presidential election cycle, where it accurately predicted the ascent of Donald Trump.Quantitative tightening is a monetary policy tool used by the Fed to draw money out of the economy by letting the bonds on its balance sheet mature. It’s the opposite of quantitative easing or the balance sheet expansion that the central bank embarked on following the 2008 financial crisis. The Fed’s current QT regime has been ongoing since June 2022 as a complement to other inflation-reducing policies. In addition to raising short-term interest rates, the Fed uses QT to raise long-term rates and drain excess liquidity from the market. Although the start of QT didn’t prevent stocks and crypto prices from rallying — these markets are coming off back-to-back years of impressive growth — it has become a bottleneck due to the recent macroeconomic shocks stemming from the Trump administration.This was predicted in 2022 by Cambridge Associates senior investment director TJ Scavone, who said the negative side effects of QT would be felt once “something breaks”: “With QT just now ramping up, the risk it poses to financial markets appears low. Yet, adding QT to what is an already difficult and volatile market environment may worsen market conditions, increasing the risk that “something breaks” from overtightening.”Related: Polymarket bets on Fort Knox audit as reserve debate heats upQT and cryptoCrypto’s strong correlation with traditional markets exposed the asset class to extreme volatility in February. By March, the S&P 500 Index was officially in correction territory — and Bitcoin (BTC) was down roughly 30% from its January peak. The growing belief that the Fed is ready to wind down QT is seen by many as a bullish catalyst for crypto, as more liquidity will eventually trickle down into risk assets. Combined with rate cuts in the second half of the year, there may be enough policy drivers to reverse the crypto market’s multimonth downtrend.This general playbook is supported by crypto analyst Benjamin Cowen, who believes the end of QT will be followed by a broad market rally. Source: Benjamin CowenAlthough the Fed hasn’t confirmed whether it will wind down its QT program, the minutes of the January Federal Open Market Committee meeting revealed that some officials were concerned about balance sheet reductions impacting the government’s debt ceiling debate:“Regarding the potential for significant swings in reserves over coming months related to debt ceiling dynamics, various participants noted that it may be appropriate to consider pausing or slowing balance sheet runoff until the resolution of this event.”Important policy changes at the Fed are coinciding with a broad pickup in the business cycle. As Cointelegraph recently reported, the US Manufacturing Purchasing Managers Index (PMI) has been in expansion mode for two consecutive months following more than two years of contraction. During the last two crypto market cycles, Bitcoin’s peak coincided with the top of the business cycle, as expressed by the manufacturing PMI.Bitcoin’s price exhibits a strong correlation with the ISM manufacturing PMI. Source: TomasOnMarketsX Hall of Flame: DeFi will rise again after memecoins die down: Sasha Ivanov

FOMO: 90%

cointelegraph.com Mar 17, 2025 19:00

New BITCOIN Act would allow US reserve to exceed 1M: Law Decoded - The newly reintroduced Boosting Innovation, Technology, and Competitiveness through Optimized Investment Nationwide (BITCOIN) Act of 2025 by Senator Cynthia Lummis would allow the United States to potentially hold over 1 million Bitcoin (BTC) in its crypto reserves. The bill directs the...

BITCOIN

FOMO: 90%

cointelegraph.com Mar 17, 2025 19:00

Polymarket bettors say theres a 100% chance the Fed ends QT before May - Betters on Polymarket believe its now a certainty that the US Federal Reserve will wind down its quantitative tightening (QT) program by May of this year, a move many analysts say could trigger the next leg of the crypto bull market. By March 14, Polymarkets betting odds that the Fed would end...

S

FOMO: 90%

thecoinrepublic.com Mar 17, 2025 18:57

Analyst Says Bitcoins Escape Velocity Will Drive Altcoins, Issues Warning - Bitcoins momentum has reached escape velocity, setting the stage for altcoin growth despite current market uncertainty, according to crypto analyst Dan Gambardello. The analyst points to a combination of on-chain metrics, institutional interest, and technical patterns suggesting the crypto...

BTC

FOMO: 85%

dailyhodl.com Mar 17, 2025 20:00

Crypto Analyst Predicts Rapid Rallies for Bitcoin, Says Stage Is Set for Altcoins To Dominate BTC - A closely followed analyst believes Bitcoin (BTC) and altcoins are about to ignite massive rallies and leave paper-handed investors on the sidelines. Pseudonymous analyst TechDev tells his 516,300 followers on the social media platform X that Bitcoin and altcoins appear to be flashing a...

BTC

FOMO: 90%

@BTC_Archive Mar 17, 2025 19:44

El Salvador buys another Bitcoin today. Like clockwork. ⏰

BTC

FOMO: 90%

newsbtc.com Mar 17, 2025 21:00

Bitcoin Bulls Poised For Action As Market Flashes Bullish Divergence—Details - Market watchers have taken notice of Bitcoins recent price swings after a notable surge in transactions from affluent individuals. Market observers think that this might lead to a brief price spike, even while larger economic worries still throw a shadow over the cryptocurrency scene. Crucial...

FOMO: 85%