Author: NBTC

While some U.S. lawmakers have backed the crypto market structure bill—the Clarity Act—and are seeking broader support, senators from both sides of the aisle made it clear this week that they do not want it from disgraced crypto entrepreneur Sam Bankman-Fried. The imprisoned founder and former CEO of collapsed crypto exchange FTX had posted on X in support of the bill (via a proxy), but Republican Senator Cynthia Lummis and Democrat Senator Elizabeth Warren separately condemned his message. “Someone’s looking for a pardon and doesn’t realize the Clarity Act would have you locked up for much longer than 25 years,”…

Ethereum co-founder Vitalik Buterin has accelerated his selling spree. He has now offloaded nearly $7.3 million worth of Ether in just 72 hours, according to on-chain analytics. Data from the blockchain tracking firm Lookonchain reveals that Buterin sold a total of 3,788.57 $ETH over the past three days. This aggressive liquidation comes amidst a broader market correction, fueling debate over whether the founder’s actions are contributing to the asset’s bearish momentum. The “mild austerity” sell-off Earlier this month, Buterin announced that the Ethereum Foundation and his affiliated entities (such as Kanro) would be entering a period of “mild austerity.” This…

Blockchain intelligence firm Arkham recently identified a public Ethereum address belonging to the LinkedIn co-founder and venture capitalist, Reid Hoffman. Their tracking data shows that Hoffman holds a substantial $6.1 million strictly in $ETH. This shows that he has a heavily concentrated “long” position on the asset. On top of his liquid $ETH holdings, Hoffman is the owner of a highly coveted CryptoPunk NFT, which Arkham noted he purchased for 150 $ETH. A long-time crypto aficionado Hoffman has been a vocal observer and active investor in the cryptocurrency space for over a decade. Last year, he revealed that his investment…

A bipartisan group of lawmakers in the US House of Representatives has introduced legislation aimed at halting prosecution of software developers who do not have custody or control of others’ crypto assets. In a Thursday notice, Representatives Scott Fitzgerald, Ben Cline and Zoe Lofgren said that they would be sponsoring the Promoting Innovation in Blockchain Development Act in an effort to change how to handle criminal cases potentially involving blockchain developers. The bill would clarify that Section 1960 under US federal law, on the “prohibition of illegal money transmitting businesses,” would apply only to actors with control of others’ digital…

Former $BTC-e operator Alexander Vinnik has advised users of the infamous cryptocurrency exchange and its successor, WEX, to seek restitution for their funds from U.S. authorities. According to the Russian crypto entrepreneur, who returned to his country in a prisoner swap agreement with Washington, the assets of both trading platforms have been seized by the United States. $BTC-e’s Vinnik forwards client money claims to America Alexander Vinnik, co-founder of what was once the largest crypto exchange in the Russian-speaking crypto space, $BTC-e, has recommended that clients of the now-defunct platform address requests for the return of their missing funds to…

After a sharp risk-off move across digital assets, Ethereum price today is hovering near the lower end of its recent trading range as traders reassess short-term risks. $ETH/USDT — daily chart with candlesticks, EMA20/EMA50 and volume. Daily Chart (D1): Macro Bias – Bearish, But Oversold Price vs EMAs (Trend Structure) RSI (Momentum / Exhaustion) MACD (Trend Momentum) Bollinger Bands (Volatility & Positioning) ATR (Daily Volatility) Daily Pivots (Short-Term Reference Levels) 1-Hour Chart (H1): Short-Term Flow – Bearish, But Stabilizing Price vs EMAs RSI (Intraday Momentum) MACD (Intraday Trend) Bollinger Bands (H1) ATR (H1 Volatility) Hourly Pivots 15-Minute Chart (M15): Execution…

PayPal Holdings, the digital payments giant, is not currently engaged in acquisition discussions with Stripe or any other potential buyer, despite recent speculation about a possible takeover by the fintech firm. Executives at the payments company have spent months working with advisers to prepare defenses against a potential activist investor campaign or an uninvited acquisition bid, according to a Semafor report. Bloomberg reported this week that privately held payments company Stripe was exploring a potential acquisition of all or part of PayPal. However, Semafor said such a deal appears unlikely, noting that a new chief executive is set to take…

The crypto industry’s stablecoin operations, such as the arrangement between issuer Circle and leading exchange Coinbase, could be under serious pressure in the U.S. Office of the Comptroller of the Currency’s newly proposed set of stablecoin rules. Even as OCC chief Jonathan Gould testified in the U.S. Senate on issues that included crypto oversight on Thursday, people in the industry said they’ve been trying to understand his agency’s 376-page proposal to regulate domestic issuers under the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act that became law last year. The allowance of stablecoin yield and reward has not…

Self-custodial cryptocurrency wallet MetaMask is rolling out its Mastercard-enabled spending card in the United States, with first-time availability in New York. MetaMask parent company Consensys on Thursday announced the general availability of the MetaMask Card across the US following initial pilots in 2025 and 2024. With the US launch, MetaMask Card joins existing availability in Argentina, Brazil, Canada, European Economic Area countries, Mexico, Switzerland and the United Kingdom, with additional markets to follow, the company said in an announcement shared with Cointelegraph. “This is the first time MetaMask Card is available across 49 states, and the first time users in…

Ethereum faces sustained selling pressure as weak demand raises the risk of a liquidity sweep before any rebound attempt emerges. Ethereum ($ETH) is trading at $1,828, marking a 2.87% decline over the past 24 hours. The intraday chart shows $ETH initially trading above the $1,900 level before facing sustained selling pressure that pushed price action into a steady downtrend. After breaking below the $1,880 region, bearish momentum accelerated, leading to a session low near the $1,820 area. The price has since attempted minor stabilization, but it remains firmly in negative territory, reflecting persistent short-term weakness. Meanwhile, derivatives and volume data…