Author: NBTC

A United States legal firm has filed a class action lawsuit against Pump.fun, according to a Jan. 17 announcement. The law firm claims the platform caused financial losses for investors who traded the PNUT token. So, its suit seeks to represent all affected individuals who purchased PNUT and suffered damages. The lawsuit alleges Pump.fun breached securities regulations by failing to register PNUT with the US Securities and Exchange Commission (SEC). According to the filing: “Pump.Fun creates an ecosystem where every token, including the PNUT Token, shares identical characteristics that qualify them as securities under federal law. Pump.Fun’s uniform infrastructure ensures…

After closing last week above $101k, Bitcoin (BTC) price rallied over 3.3 percent in the past 24 hours to reach a new all-time high (ATH) of about $109,114. The flagship coin signaled the onset of a fresh parabolic rally fueled by rising demand from institutional investors, and soon nation-states. Following the sudden Bitcoin price surge after retesting the support level around $100k, more than $264 million was liquidated from the BTC’s leveraged market in the last 24 hours, with the majority involving long traders. The altcoin industry followed in similar volatility, thus resulting in $1.25 billion in forced liquidations, with…

Over-collateralization is an essential mechanism underpinning borrowing and lending in DeFi. Borrowers deposit collateral to access loans, which are set up as over-collateralized arrangements. This means the asset value deposited by a borrower must be higher than the loan amount they receive. The practice protects traders from the often extreme price fluctuations typical of cryptocurrency markets. Over-collateralized positions enable borrowers to build a buffer that safeguards liquidity providers and lenders in case the collateral’s value suddenly plummets. How to build an over collateralized position on a trading platform Let’s say someone is worried about inflation hitting the US dollar. They…

Famous market pundit Ben Armstrong (BitBoy) has voiced the bold view that market participants favoring XLM over XRP could regret their choice later on. Notably, XRP and its major rival Stellar (XLM) have been among the market leaders in price performance over the last three weeks. However, market commentators like BitBoy are favoring XRP over XLM despite XLM boasting a better price performance in recent times. XLM Beats XRP in Price Action With XRP trading at $1.50 today, the altcoin is up by 204% from its November low of $0.4937. However, its latest upsurge to the $1.6216 peak this month…

PumpFun Corp is facing allegations of running cryptocurrency pump-and-dump schemes. On Thursday, Kendall Carnahan, CEO of Sooner Payments, filed a lawsuit in a New York court, accusing the company of working alongside influencers to issue unregistered securities, described as Ponzi schemes. Carnahan, the lead plaintiff in the case, and his attorneys claim that Pump.fun’s-launched PNUT Token violated financial regulations by promoting it without proper registration with the U.S. Securities and Exchange Commission (SEC). The complaint went on to accuse Pump.fun of enabling bad actors to create and sell worthless tokens within minutes using its advanced tools. According to the plaintiff,…

Donald Trump assumes office with plans to make the United States the world’s bitcoin mining capital. Many are celebrating the idea of bitcoin as a Strategic Reserve Asset. Supporters like Michael Saylor, Tether, and other large institutional players argue this is a landmark achievement, reinforcing bitcoin’s status as a legitimate store of value. However, this growing institutionalization risks compromising bitcoin’s original ethos as “freedom money,” with its decentralization and censorship resistance eroding under the weight of regulatory and economic control. Centralizing Bitcoin Mining Trump’s administration has made bitcoin mining a national priority, framing it as an opportunity to dominate the…

After the news of Gary Gensler stepping down in January, XRP is witnessing explosive activity, with Ripple whales adding over 250 million tokens to their holdings in just a short period. Amid this buying spree, XRP’s price has surged, and the futures market is breaking records—topping $2.50 billion in open interest. The market is booming with news of the IPO launch and XRP ETF’s arrival in Q1 of 2025, if regulations take a back seat for XRP. Investors are waiting for a mega rally. Let’s break down the latest developments and what they mean for XRP’s future. Whales Accumulate XRP…

With Paul Atkins now taking over as SEC Chair, speculation is swirling about a potential shift in how the SEC handles crypto. There’s growing hope that with a more pro-crypto Congress and President, the SEC might ease up on non-fraud cases, potentially dropping some ongoing lawsuits or speeding up settlements for smaller cases. SEC Commissioner Hester Peirce has voiced concern about using enforcement as the primary way to set crypto policy. In an interview with Thinking Crypto, she said that trying to establish rules through enforcement actions often leads to confusion, with companies assuming that settlements set the standard for…

Inflows into U.S. spot Bitcoin exchange-traded funds surged by 475% last week, fueled by expectations of a more crypto-friendly administration following President-elect Donald Trump’s inauguration. According to data from Farside Investors, the 12 spot Bitcoin ETFs recorded over $1.8 billion in inflows over the past week, marking a 475% increase compared to the $312.8 million inflows recorded the previous week. Notably, the investment products began the week of Jan. 13–Jan. 17 with two consecutive days of outflows, during which nearly $494 million exited the funds. This was attributed to a risk-off sentiment in the crypto market, driven by stronger-than-expected payroll…

Input Output Hong Kong (IOHK), the company behind Cardano, has announced an upcoming Hydra test campaign. The initiative will take the form of a gaming tournament using Doom, a decentralized application built on the Hydra protocol. The goal of this test is to explore and push the boundaries of the Hydra scaling solution. The Hydra Doom battle is set to begin next month and will be held in several stages. The first stage will see players compete against bots, with the subsequent round seeing humans compete against each other. IOHK has also introduced incentives, including a prize pool of 100,000…