Author: NBTC
President Donald Trump pardoned Binance founder Changpeng Zhao on Thursday, triggering backlash from Democrats who accuse the administration of rewarding criminal behavior amid a government shutdown, in exchange for billions allegedly funneled into Trump’s personal crypto ventures. “Trump’s pardon of Binance founder Changpeng Zhao—who pleaded guilty to enabling money laundering and facilitating suspicious transactions with child abusers, drug dealers, and terrorists—is an appalling but unsurprising reflection of his presidency: one defined by corruption, self-interest, and loyalty to criminals over working-class American families,” Ranking Member Maxine Waters said in a Wednesday statement. On Myriad, the prediction markets platform developed by Decrypt’s…
Key Notes VanEck has applied with the US SEC to list a Lido Staked Ethereum ETF. It already filed a statutory trust registration for the Lido Staked Ethereum ETF in Delaware last week. stETH price has dropped by over 5% since the announcement. Rather than waiting for the United States Securities and Exchange Commission (SEC) to decide on its other applications, VanEck has filed for a Lido Staked Ethereum ETF. Notably, the asset management firm is the first to pursue this type of Lido Staked Ethereum offering. VanEck to List First Lido Staked Ethereum ETF Spot crypto ETF issuer VanEck…
Senator Warren accuses CZ of lobbying Trump for pardon, linking it to stablecoin political interests. CZ clarifies his case involved compliance issues, not fraud, money laundering, or victims. CZ says U.S. regulators are “weaponized” against crypto, accusing Warren of political bias. Trump defends CZ’s innocence, calling his pardon a stand for crypto freedom and innovation. Changpeng Zhao, widely known as CZ and founder of Binance, fired back at Senator Elizabeth Warren after she accused him of fraud and corruption following his presidential pardon from Donald Trump. The clash has reignited political tension around crypto regulation, with CZ calling out Warren…
The Zions Bancorp fraud revelation and the collapse of auto-sector lenders like Tricolor and First Brands spooked investors this week. When regional banks stumble, liquidity tightens, credit availability shrinks, and speculative assets feel the heat. Crypto is often the first to sell off when the market smells financial instability. Ethereum’s 3.13% daily drop to around 3825 mirrors that sentiment. It’s not just a technical pullback—it’s the market pricing in credit risk. Each time banking fragility surfaces, traders move capital from high-beta assets like ETH into cash, short-term Treasuries, or dollar-pegged stablecoins. If this banking stress worsens, the risk-off flow could…
Key Highlights Adrian Wall from the Digital Sovereignty Alliance (DSA) addressed a major UN gathering on October 23 To boost financial inclusion in the world, Wall highlighted the potential of blockchain-based innovations like stablecoins However, he mentioned that financial inclusion without financial literacy is a bridge to nowhere At a major United Nations meeting, Adrian Wall from the Digital Sovereignty Alliance (DSA) argued that for a fairer future, people must control their digital identities and finances. For the digital asset community, the key highlight of this discussion was Adrian Wall’s push to use stablecoin and blockchain technology to accelerate financial…
American bank Citizens said ether ETH$3,737.16 could climb above $10,000 in the next two years, citing growing adoption, increasing institutional inflows and a shrinking supply. The bank said it expects accelerating adoption of Ethereum to deliver powerful tailwinds for the blockchain’s native token ether, pointing to the network’s entrenched position as the leading smart contract platform. Ethereum’s programmable infrastructure underpins decentralized finance (DeFi), tokenization, and a fast-growing ecosystem of on-chain applications, the bank said in the Wednesday report. Its strong network effects, active developer base, and modular scaling roadmap are key differentiators, enabling secure and high-throughput transactions. With regulatory clarity…
The Argentine Congressional Commission in charge of probing Libra, the disgraced memecoin, has agreed to call President Milei to correct his earlier statements about the number of citizens affected by the token launch. Argentine Congressional Probe on Libra Advances: President Milei Summoned The Facts: The Argentine commission in charge of investigating the Libra incident, where President Javier Milei shared info about a token with that name using his social media account, continues its advance to clarify the events that unfolded during the launch of the token. Maximiliano Ferraro, president of the commission, highlighted that it decided to summon President Milei…
Ethereum’s stablecoin supply has hit a new record high, indicating growing network strength as analysts like BitMine’s Tom Lee predict it could one day surpass Bitcoin’s market value. Summary Ethereum stablecoin supply reaches record $162.3B, per DeFiLlama. DeFi TVL grows to $81B as DEX volumes stay above $80B. Analysts debate Ethereum’s potential to surpass Bitcoin’s market value. Ethereum’s stablecoin supply has reached a new peak of $162.3 billion, showing steady growth in network activity and investor confidence across decentralized finance markets. The total value of stablecoins issued on Ethereum (ETH) has increased from approximately $130 billion in July to an…
Founded in 2014 by Yat Siu and David Kim, Animoca Brands has been a key Web3 player in gamification, metaverses, and NFTs, investing in over 540 companies, but it is now taking a leap into the crypto brokerage scene after receiving an in-principle license approval from Dubai’s Virtual Assets Regulatory Authority (VARA). On VARA’s website, Animoca Brands, under the name Animoca Brands Middle East Advisory FZCO, has received an in-principle approval for a crypto broker-dealer VASP service license. Animoca Brands enters the UAE to invest in Web3 projects Animoca Brands, which has a large portfolio of investments in Web3 projects…
Bitcoin mining stocks rose after Jane Street said it owns small stakes in Cipher Mining, Bitfarms, and Hut 8. The news on Thursday increased investors’ confidence in crypto mining. Jane Street shared the news in a filing with the U.S. SEC and said the investments are passive and not meant to control the companies. Jane Street discloses 5% ownership in Cipher Mining Jane Street and its related companies said they now hold about 5% of Cipher Mining’s total stock (about 19.68 million shares). Of this amount, Jane Street Capital owns 0.2%, Jane Street Options owns 2.1%, and Jane Street Global…