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cointelegraph.com Mar 14, 2025 19:16

XRP flips Ether’s FDV amid change in market dynamics - XRP’s fully diluted valuation (FDV) has surpassed Ether (ETH), according to March 14 data from CoinGecko. The FDV flip signifies a reversal of fortune for both layer-1 (L1) blockchain networks behind the tokens, as XRP Ledger’s decentralized finance (DeFi) ecosystem gains traction and Ethereum grapples with competition from rival L1s, such as Solana.As of March 14, XRP’s FDV stood at nearly $235 billion, more than $1 billion higher than Ether’s, according to CoinGecko. Ether’s market capitalization still leads at $233 billion versus XRP’s $136 billion, the data shows. FDV measures the cumulative value of all existing tokens, whereas market capitalization only counts tokens already in circulation. XRP’s developer, Ripple Labs, holds a multibillion-dollar allocation of its chain’s native token. Cryptocurrencies by FDV. Source: CoinGeckoRelated: XRP Ledger unveils institutional DeFi roadmapChanging fortunesXRP’s price has risen by more than 300%, to around $2.3 per token, since President Donald Trump prevailed in the US elections on Nov. 5. Trump said he wants America to become the “world’s crypto capital” and has appointed industry-friendly leadership to key regulators. The thawing US regulatory environment is especially beneficial for XRP, which prioritizes enterprise users and unveiled an institutional DeFi roadmap in February.As of January, XRP’s native decentralized exchange (DEX) has handled more than $1 billion in swap transactions since launching in 2024.The XRP token saw further support when Trump said he planned to include XRP in a proposed US Digital Asset Stockpile alongside other cryptocurrencies, such as Solana (SOL) and Cardano (ADA). The stockpile will only comprise assets acquired by law enforcement and other legal proceedings and will not buy crypto. The US Securities and Exchange Commission is reportedly “in the process of wrapping up” an enforcement action against Ripple that has beleaguered the XRP developer since 2020. The regulator has already dropped actions against crypto firms such as Coinbase, Kraken and Uniswap.Meanwhile, Ether’s spot price has struggled since March 2024, when the network’s Dencun upgrade cut transaction fees by approximately 95%. As of March, trading volume on Solana, which prioritizes fast transaction execution and was central to 2024’s memecoin frenzy, rivals that of Ethereum and all of its layer-2 scaling chains combined. Magazine: ‘Hong Kong’s FTX’ victims win lawsuit, bankers bash stablecoins: Asia Express

FOMO: 85%
cointelegraph.com Mar 14, 2025 18:45

BlackRock now holds over 567,000 BTC, valued at over $47 billion - BlackRock, the world’s largest asset manager with approximately $11.6 trillion in assets under management, currently holds over 567,000 Bitcoin (BTC), valued at over $47.8 billion — making the asset manager one of the largest holders of BTC in the world.According to Arkham Intelligence, the asset manager’s most recent BTC acquisition occurred on March 14 when a Coinbase Prime wallet transferred 268 BTC, valued at over $22 million, to the asset manager’s iShares Bitcoin ETF (IBIT) wallet.Tracking onchain funds to and from BlackRock. Source: Arkham Intelligence Data from Arkham also shows that the asset manager holds over 1.2 million Ether (ETH), valued at over $2.3 billion, roughly 70 million of the USDC (USDC) stablecoin and a long list of altcoins.The Bitcoin exchange-traded funds (ETFs) are widely cited as the most successful ETF launch in history, as asset managers like BlackRock drive tens of billions in liquidity to the crypto markets and disrupt the cyclical capital rotation that characterizes crypto investment.BlackRock’s crypto holdings. Source: Arkham IntelligenceRelated: BlackRock Bitcoin fund sheds $420M as ETF losing streak hits day 7Crypto ETFs experience four weeks of outflowsCrypto ETFs experienced four consecutive weeks of outflows in February 2025 and early March due to macroeconomic uncertainty and fears over a prolonged trade war.According to CoinShares, outflows from the recent market downturn totaled $4.75 billion, with the week of March 9 recording a total of $876 million in outflows.BlackRock’s iShares Bitcoin fund experienced $193 million in outflows for the week of March 9, with all BTC ETFs recording $756 million in month-to-date outflows.Weekly crypto fund flows show a recent downturn featuring four weeks of consecutive outflows. Source: CoinSharesDespite the heightened volatility and macroeconomic uncertainty, BlackRock added IBIT to its model portfolio in February 2025.BlackRock’s model portfolios are preset investment plans that feature a range of diversified financial instruments and different risk profiles. The portfolios are promoted to asset managers, who pitch the preset investment plans to investors.The inclusion of an ETF or an asset in the model portfolio can significantly boost inflows into the asset by attracting fresh capital.In the case of IBIT, including the ETF in a preset investment portfolio will expose investors, who may take a more passive approach, to Bitcoin without those investors having to self-custody the digital asset or make any onchain transactions.Magazine: Bitcoin ETFs make Coinbase a ‘honeypot’ for hackers and governments: Trezor CEO

FOMO: 88%