6 days ago
8 days ago
Swiss National Bank Rejects #bitcoin Reserves Proposal
According to CoinDesk, Swiss National Bank (SNB) President Martin Schlegel has dismissed the idea of incorporating bitcoin into Switzerland's central bank reserves. Schlegel highlighted concerns over the cryptocurrency's volatility, liquidity, and security as primary reasons for this decision. In an interview with the Tamedia group, he emphasized that the instability of #cryptocurrencies makes them unsuitable for preserving long-term value.
Schlegel further explained that the central bank's reserves must remain highly liquid to be readily available for monetary policy interventions. He also pointed out the inherent security risks associated with software-based assets, noting that software can be prone to bugs and vulnerabilities. These remarks come amid a broader discussion in Switzerland regarding the potential inclusion of Bitcoin in the SNB's reserves.
A recent initiative, spearheaded by entrepreneur Yves Bennaim, is advocating for a constitutional amendment that would require the SNB to hold bitcoin alongside gold in its reserves. This initiative, launched in December, aims to gather 100,000 signatures within 18 months to prompt a nationwide vote on the matter. While the proposal does not specify the exact bitcoin allocations, it suggests that the reserves should be built from the bank's earnings.
Despite the increasing acceptance of cryptocurrencies in Switzerland, with several Swiss banks offering cryptocurrency-related services, Schlegel remains skeptical.
According to CoinDesk, Swiss National Bank (SNB) President Martin Schlegel has dismissed the idea of incorporating bitcoin into Switzerland's central bank reserves. Schlegel highlighted concerns over the cryptocurrency's volatility, liquidity, and security as primary reasons for this decision. In an interview with the Tamedia group, he emphasized that the instability of #cryptocurrencies makes them unsuitable for preserving long-term value.
Schlegel further explained that the central bank's reserves must remain highly liquid to be readily available for monetary policy interventions. He also pointed out the inherent security risks associated with software-based assets, noting that software can be prone to bugs and vulnerabilities. These remarks come amid a broader discussion in Switzerland regarding the potential inclusion of Bitcoin in the SNB's reserves.
A recent initiative, spearheaded by entrepreneur Yves Bennaim, is advocating for a constitutional amendment that would require the SNB to hold bitcoin alongside gold in its reserves. This initiative, launched in December, aims to gather 100,000 signatures within 18 months to prompt a nationwide vote on the matter. While the proposal does not specify the exact bitcoin allocations, it suggests that the reserves should be built from the bank's earnings.
Despite the increasing acceptance of cryptocurrencies in Switzerland, with several Swiss banks offering cryptocurrency-related services, Schlegel remains skeptical.
8 days ago
8 days ago
(E)
CryptoPunk #4464 : The Million-Dollar Ape NFT Saga Continues
CryptoPunk #4464 significant sales involving Ethereum, including one exceeding $2 million. This rare NFT, one of only 24 ape-themed CryptoPunks in the 10,000-piece collection, has a notable transaction history. On July 12, 2022, it sold for 2,500 ETH, which at the time equated to approximately $2.615 million USD, marking it as one of the largest NFT sales in that 30-day period. More recently, on March 1, 2025, posts on X reported that CryptoPunk #4464 sold again, this time for 1,011 ETH, valued around $2.18 million USD based on the Ethereum price at that moment.
These sales highlight the enduring value and volatility of high-profile NFTs like CryptoPunk #4464 , even amidst fluctuating crypto market conditions.
The variance in ETH and USD values between these transactions reflects the dynamic nature of cryptocurrency pricing, with the 2022 sale fetching a higher ETH amount but a similar USD value due to differences in Ethereum's market rate over time.
https://www.nftdropscalend...
#CryptoPunk4464 #NFTMillionDollarSale #EthereumNFT #CryptoArt #NFTCollectors #ApeNFT #CryptoPunkSale #DigitalAssets #NFTMarket #BlockchainArt
CryptoPunk #4464 significant sales involving Ethereum, including one exceeding $2 million. This rare NFT, one of only 24 ape-themed CryptoPunks in the 10,000-piece collection, has a notable transaction history. On July 12, 2022, it sold for 2,500 ETH, which at the time equated to approximately $2.615 million USD, marking it as one of the largest NFT sales in that 30-day period. More recently, on March 1, 2025, posts on X reported that CryptoPunk #4464 sold again, this time for 1,011 ETH, valued around $2.18 million USD based on the Ethereum price at that moment.
These sales highlight the enduring value and volatility of high-profile NFTs like CryptoPunk #4464 , even amidst fluctuating crypto market conditions.
The variance in ETH and USD values between these transactions reflects the dynamic nature of cryptocurrency pricing, with the 2022 sale fetching a higher ETH amount but a similar USD value due to differences in Ethereum's market rate over time.
https://www.nftdropscalend...
#CryptoPunk4464 #NFTMillionDollarSale #EthereumNFT #CryptoArt #NFTCollectors #ApeNFT #CryptoPunkSale #DigitalAssets #NFTMarket #BlockchainArt
8 days ago
There’s a buzz about whales—large investors holding significant amounts of ETH—adding 190,000 Ethereum to their holdings in the last 24 hours as of today, March 1, 2025. This aligns with a broader narrative of ongoing accumulation by big players in the Ethereum market.
The crypto market is a wild beast—fear and uncertainty are high right now, and whale moves don’t always guarantee immediate price pumps. ETH would need to break past resistance levels, like $2,500 or $2,800, to confirm any upward trend. On the flip side, sustained selling pressure could drag it lower.
The 190,000 ETH figure floating around today echoes earlier reports of whales grabbing 110,000 ETH over three days or 140,000 ETH in a single day last week, hinting at a consistent pattern since mid-February.
#cryptomarket #ethereum #ETH #whales
The crypto market is a wild beast—fear and uncertainty are high right now, and whale moves don’t always guarantee immediate price pumps. ETH would need to break past resistance levels, like $2,500 or $2,800, to confirm any upward trend. On the flip side, sustained selling pressure could drag it lower.
The 190,000 ETH figure floating around today echoes earlier reports of whales grabbing 110,000 ETH over three days or 140,000 ETH in a single day last week, hinting at a consistent pattern since mid-February.
#cryptomarket #ethereum #ETH #whales
7 days ago
Crypto Prices Jump After Trump Announces Five Tokens for Strategic Reserve
Crypto prices surged Sunday after President Trump said he would move forward on a U.S. crypto strategic reserve that will include bitcoin and ether, as well as three smaller and riskier tokens.
"A U.S. Crypto Reserve will elevate this critical industry after years of corrupt attacks by the Biden Administration," said Trump in a Sunday post on his social-media platform Truth Social. "I will make sure the U.S. is the Crypto Capital of the World."
Trump said the crypto strategic reserve will also include solana, Ripple-linked XRP and cardano. Unlike bitcoin, which is the largest and oldest cryptocurrency, these tokens were created more recently and often by a small team, making them more susceptible to wild price swings and other risks.
#bitcoin #xrp #solana #Cardano #Cryptoprice #Trump #CryptoReserve #ethereum
Crypto prices surged Sunday after President Trump said he would move forward on a U.S. crypto strategic reserve that will include bitcoin and ether, as well as three smaller and riskier tokens.
"A U.S. Crypto Reserve will elevate this critical industry after years of corrupt attacks by the Biden Administration," said Trump in a Sunday post on his social-media platform Truth Social. "I will make sure the U.S. is the Crypto Capital of the World."
Trump said the crypto strategic reserve will also include solana, Ripple-linked XRP and cardano. Unlike bitcoin, which is the largest and oldest cryptocurrency, these tokens were created more recently and often by a small team, making them more susceptible to wild price swings and other risks.
#bitcoin #xrp #solana #Cardano #Cryptoprice #Trump #CryptoReserve #ethereum
7 days ago
President Trump has officially announced the U.S. Strategic Crypto Reserve, and Bitcoin has jumped to $94,000.
In just three hours, the crypto markets have added over $300 billion in market cap due to the news.
#cryptomarket #crypto #bitcoin #Trump #CryptoReserve
In just three hours, the crypto markets have added over $300 billion in market cap due to the news.
#cryptomarket #crypto #bitcoin #Trump #CryptoReserve
9 days ago
Good morning, #crypto world! The market is open, and so are the opportunities. What’s your first move today? 🔥
9 days ago
Ethereum Spot ETF Experiences Significant Net Outflow of $41.82 Million.
On the same day, the Grayscale #ethereum Trust ETF (ETHE) saw a single-day net outflow of $11.66 million, bringing its historical net outflow to $4.075 billion. Meanwhile, the #Grayscale Ethereum Mini Trust ETF reported no net #outflow , maintaining a historical total net inflow of $605 million. As of the latest update, the total net asset value of Ethereum spot ETFs stands at $8.063 billion, with an ETF net asset ratio of 3.02% relative to Ethereum's total market capitalization. The historical cumulative net #inflow has reached $2.819 billion.
On the same day, the Grayscale #ethereum Trust ETF (ETHE) saw a single-day net outflow of $11.66 million, bringing its historical net outflow to $4.075 billion. Meanwhile, the #Grayscale Ethereum Mini Trust ETF reported no net #outflow , maintaining a historical total net inflow of $605 million. As of the latest update, the total net asset value of Ethereum spot ETFs stands at $8.063 billion, with an ETF net asset ratio of 3.02% relative to Ethereum's total market capitalization. The historical cumulative net #inflow has reached $2.819 billion.
9 days ago
(E)
Bitcoin Defies FUD: Surges 4% Amid Crash Speculation 🚨
$BTC soared past $86K (+4%) after a brief dip, silencing panic over a $70K crash. CryptoQuant CEO Ki Young Ju backs stability: "Too early to panic – $77K floor likely."
📊 Key Levels:
- Resistance: $88K-$89K (break = rally signal)
- Analysts spot buy zones 👀
Verdict: Bulls in control, but tread wisely.
#BitcoinBounce #buythedip #BTCResistance
$BTC soared past $86K (+4%) after a brief dip, silencing panic over a $70K crash. CryptoQuant CEO Ki Young Ju backs stability: "Too early to panic – $77K floor likely."
📊 Key Levels:
- Resistance: $88K-$89K (break = rally signal)
- Analysts spot buy zones 👀
Verdict: Bulls in control, but tread wisely.
#BitcoinBounce #buythedip #BTCResistance
