Author: NBTC

Qualifying projects would be permitted to raise as much as $5 million over four years under the startup exemption. A separate exemption would permit fundraising of up to $75 million over a 12-month period. The policy center argues that the value of these exemptions rests partly on tokens having a functioning market for transfers or sales. Its submission therefore asks the SEC to address activities beyond the initial distribution. Airdrops and secondary trading need clearer treatment Hyperliquid wants the final rules to formalize the SEC’s existing interpretation that receiving tokens without paying generally does not meet the investment-of-money requirement. It…

Meanwhile, Binance’s USDT reserves have increased from around $790 million to $1.76 billion, suggesting more funds could be available for buying. Bitcoin’s Spot Demand Remains Weak Despite large holder accumulation, demand in the spot market remains weak. As, the Coinbase Premium Index is around -0.1416%, suggesting weaker buying pressure from U.S. investors. However, weekly exchange flows have also turned into a net inflow of 8,428 $BTC, which may indicate that more Bitcoin is moving onto exchanges and could face selling pressure. Meanwhile, the Short-Term Holder Spent Output Profit Ratio (STH-SOPR) is near 0.9982, showing that short-term holders are still selling…

Microsoft MSFT, Alphabet (GOOG, GOOGL) and Goldman Sachs (GS) have objected to having tokenized versions of their shares traded on OKXICE, adding to issuer resistance against the planned stock-trading venue from crypto exchange OKX and New York Stock Exchange parent Intercontinental Exchange (ICE). The companies appear among seven additional objecting issuers in the joint venture’s updated public notice dated Oct. 19. Qualcomm (QCOM), Caterpillar (CAT), McDonald’s (MCD) and Western Digital (WDC) also joined the list. The additions bring the disclosed tally to 16 companies, up from nine in last week’s notice. The document does not explain their reasons or specify…

Token Metrics Currently, $NEAR Protocol’s market data reflects zero trading volume, indicating a period of low activity. Despite this, the ongoing development efforts signal a commitment to future growth. The success of automated proof generation could catalyze increased interest and investment in $NEAR’s offerings, potentially improving market dynamics in the long run. $NEAR Protocol operates as a blockchain platform designed to facilitate the development of decentralized applications. The focus on automated proof generation allows developers to ensure their software adheres to defined rules, thus enhancing reliability and efficiency. As this technology progresses, $NEAR Protocol positions itself to attract a broader…

Privacy advocate Harry Halpin told Decrypt that “politically motivated server seizures” set a “terrifying precedent.” And one legal expert questioned whether the Dutch considered their legal right to refuse. Halpin, CEO of privacy infrastructure firm Nym, told Decrypt, argued that the targeting of Autistici/Inventati servers by the Trump administration was “due to their political beliefs,” adding that, “The fact that the Dutch authorities co-operated with them to shut down a server means that the Netherlands is nothing more than a colony of the United States.” The U.S. designated Autistici/Inventati as a “Specially Designated Global Terrorist” in August, claiming that it…

In return, Coinbase will provide stablecoin infrastructure to Thunes, allowing the Singapore based payments company to integrate digital assets more deeply into its existing network. The partnership will support international remittances, corporate supplier payments, and payouts to gig economy workers, connecting stablecoin transfers with traditional financial systems. Coinbase expands global payment reach through Thunes network Thunes’ infrastructure connects more than 12 billion mobile wallets, stablecoin wallets, and bank accounts, alongside 15 billion cards through over 220 payment methods. The company also holds more than 50 payment licenses worldwide, providing the regulatory infrastructure needed to facilitate international transactions across multiple jurisdictions.…

By the Numbers Despite the lack of specific trading volumes or price movements, the current context of the crypto market is characterized by uncertainty. Investors are weighing the implications of technological shifts, including Buterin’s insights on AI and its applications in finance. As market sentiment fluctuates, such discussions could influence broader adoption and innovation within the industry. Vitalik Buterin, co-founder of Ethereum, has been a pivotal figure in discussions about blockchain technology and its applications. His expertise lends credibility to the notion that AI can enhance user interactions in finance, positioning Ethereum and related projects for future growth. As regulators…

Semiconductors took the largest dollar selling, and technology posted its largest reduction in gross positions in two months. Technology accounts for 23.5% of net allocation in Goldman’s global prime brokerage book, in the 90th percentile of the past five years, and hedge fund net leverage fell to a one-year low of 48.6%. The Bitcoin comparison is preliminary because a UTC close sits four hours from the Nasdaq’s 4 p.m. ET close in October. The difference between these returns is about 4.22 percentage points. US spot Bitcoin ETFs took in a net $1.72 billion from Sept. 21 through Oct. 16, according…

No Interest Rate Hike Expected in October! According to a Reuters poll conducted between October 16-20, 94% of economists predict the Fed will keep interest rates unchanged in October. Therefore, the interest rate is expected to remain in the 3.75-4.00% range. Economists note that Fed officials prefer a cautious and gradual approach to interest rate policy despite inflationary pressures. However, according to economists, high prices keep the possibility of a new tightening of monetary policy on the agenda. All Economists Point to December! The most striking result of the survey was that all 100 economists surveyed expect a 25 basis…

Dogecoin’s top rich addresses. Source: Bitinfocharts With Dogecoin’s current circulating supply at about 156.39 billion, these 13 wallets account for approximately 46.19%. This trove is valued at about $5.74 billion. The top four largest holders of $DOGE belong to crypto exchanges. At the time of publication, Robinhood-ColdWallet, likely controlled by Robinhood Markets, Inc. (Nasdaq: HOOD), had roughly 27.16 billion Dogecoin worth $2.155 billion. Top 4 $DOGE holders. Source: Bitinfocharts Meanwhile, Upbit-ColdWallet and Binance owned addresses held nearly 11.68 billion and 10.9 billion $DOGE, respectively. The defunct cryptocurrency exchange Cryptsy still holds about 5.03 billion $DOGE, with a market value of…