Author: NBTC

The US Securities and Exchange Commission (SEC) faces an Aug. 20 deadline to submit a plan for distributing a $123.1 million fund paid by Jump Crypto subsidiary Tai Mo Shan to investors harmed by Terra’s 2022 collapse. The proposal is expected to determine who qualifies for compensation, how losses will be calculated, whether investors must submit claims, and how eventual payments will be made. An SEC order issued in February gave staff until Aug. 20 to submit the proposed distribution plan after granting additional time to develop the methodology and coordinate with recoveries stemming from separate Terraform Labs litigation. The…

The crypto market has stayed under pressure as capital steadily drains out of the space, and total market capitalization for digital assets now hovers near $2.17 trillion while valuations struggle to find a floor. Fragile economic conditions and the prospect of fresh action from the Federal Reserve remain a key threat to the outlook, and either one could weigh further on price performance across the board. Rate hike could be next Crypto analyst Benjamin Cowen expects the U.S. 10-year Treasury yield to keep gaining strength and sees a high chance of it reclaiming the 5% mark in the near term.…

Fundstrat co-founder and Bitmine chairman Tom Lee has made a bold prediction: within the next ten years, Ethereum will become the dominant blockchain infrastructure for tokenization and artificial intelligence. Speaking on the Bankless podcast, Lee revealed that both Fundstrat and Bitmine are making significant bets on Ethereum’s future, stating, “We are betting everything in tokenization and AI will happen on Ethereum.” Why Ethereum? The Case for Infrastructure Dominance Lee’s confidence stems from Ethereum’s established position as the leading smart contract platform, with the largest developer ecosystem, most active decentralized applications, and the highest total value locked in DeFi protocols. This…

Securitize closed its first quarter as a public company with average tokenized assets under management hitting a record $4.3 billion, up 16% year over year, while transaction volume on the platform jumped 147% to $5.3 billion. Total revenue fell 5% to $14.4 million, tokenization revenue dropped about 12% to $7.8 million, and adjusted EBITDA swung to a $5.5 million loss. The company put more assets on-chain and processed far more activity than a year earlier, and earned less money doing it. The CFO explains the gap Securitize CFO Francisco Flores said on the earnings call that AUM-based revenue is not…

Uniswap founder Hayden Adams said in a recent interview that during a Commodity Futures Trading Commission (CFTC) meeting, he pointed to the growing pressure from U.S. regulators that has pushed many crypto founders to relocate overseas, where competitors can build their businesses faster and with more clarity. CFTC Roundtable Highlights Regulatory Uncertainty Adams, who created the decentralized exchange protocol Uniswap in 2018, made the remarks after participating in a CFTC roundtable discussion focused on decentralized finance (DeFi). The meeting, part of the CFTC’s broader effort to engage with industry stakeholders, brought together developers, legal experts, and policymakers to discuss the…

Craig Wright, an Australian computer scientist who has long claimed to be Bitcoin’s pseudonymous creator Satoshi Nakamoto, has once again publicly criticized Bitcoin’s governance model and its developer-led structure. In recent remarks reported by BeInCrypto, Wright argued that Bitcoin’s base protocol should remain permanently fixed and that allowing a small group of developers to modify it undermines the asset’s core nature. Wright’s comments add to an ongoing debate within the cryptocurrency community about how decentralized networks should evolve. While some advocate for adaptability to improve scalability or security, others, like Wright, argue that changing the protocol contradicts the original vision…

Ethereum price held steady close to its highest level this month, and this rally may continue after forming a golden cross pattern and as $ETH ETF inflows continued rising. $ETH was trading at $2,500, up by 65% from its lowest level this year. Ethereum price just formed a golden cross pattern The daily chart shows that the $ETH price has rebounded in the past few months, moving from the year-to-date low of $1,505 to the current $2,500. It has already moved above the important resistance level of $1,980, its highest level on July 27. Moving above that level confirmed the…

Strategy [MSTR] shares jumped more than 12% on Wednesday as Bitcoin’s sudden recovery spilled into crypto-linked stocks. The price of the stock was around $103.76 after it briefly got to the $106.90 level, as Bitcoin gained a more modest 5.59%. For Strategy shareholders, though, the strong session comes after months of pain due to the price fall. The stock traded near $190 in May and recently fell towards $90, and Michael Saylor is still telling investors not to expect an easy ride from here. Bitcoin puts MSTR back above $100 MSTR started Wednesday at $94.54. By the end of trading,…

Arthur Hayes has a new project, and once again he’s using an airdrop to get people talking. The BitMEX co-founder says he’s stepping back into an operating role to lead Flop Labs, a startup building blockchain infrastructure for artificial intelligence agents, and the centerpiece of that plan is a FLOP token airdrop meant to pull users into the network before it even has a live chain. Hayes framed the token as fuel for autonomous software, not for people, calling it “food for your AI agent” in an announcement posted on X. Key takeaways Arthur Hayes announced a FLOP token airdrop…

Coinbase CEO Brian Armstrong has voiced strong support for the CLARITY Act, a proposed U.S. crypto regulation bill, stating that it would prevent another FTX-style collapse. His remarks, shared via the Watcher.Guru X account, underscore a growing consensus among industry leaders that clearer federal oversight is essential for market stability. What Is the CLARITY Act? The CLARITY Act, formally known as the “Cryptocurrency Clarity Act of 2024,” aims to define which digital assets are securities and which are commodities, providing much-needed regulatory certainty. It seeks to establish a clear framework for crypto exchanges, custodians, and stablecoin issuers, addressing the gaps…