Author: NBTC

Stand With Crypto has called on the Senate to expedite a vote on the Clarity Act before its scheduled recess next week. In a recent tweet, the organization highlighted the lack of a scheduled vote for the Act, urging constituents to contact their Senators to advocate for its consideration before the break. The official statement can be found here. What Happened The current sentiment surrounding regulatory actions in the crypto space is growing increasingly urgent. As the Senate prepares for its upcoming recess, Stand With Crypto’s call to action underscores a pressing need for clarity in legislation affecting the crypto…

Meta (META), the parent company of Facebook, is developing a new app called “Arena” that mirrors a prediction market platform, according to people familiar with the matter who spoke with the New York Times. The product would allow users to make forecasts about future events, ranging from politics and sports to entertainment and world affairs. However, unlike traditional prediction market platforms such as Polymarket or Kalshi, users would likely rely on a video game-like points system instead of cash, the people said, although the company has not ruled out the eventual use of real-money betting. The people described the product…

Bitcoin options traders remain heavily positioned for downside protection, with both crypto-native and exchange-traded fund investors showing elevated demand for downside hedges, according to new research by Anchorage Digital’s head of research, David Lawant. The report analyzed options activity across Deribit, BlackRock’s iShares Bitcoin Trust (IBIT) and Strategy (MSTR), saying the three markets together provide a broader view of crypto-native, institutional and retail investor sentiment than any single options market alone. Both Deribit and IBIT options markets showed elevated put skew, indicating traders are paying a premium for downside protection rather than positioning for further gains. The report found defensive…

K A L E O has amplified a widely shared post inviting discussion on $STRC’s strategy. The tweet details an invitation from the largest holder of $STRC to join a space, aiming to cover various strategic aspects. This engagement could foster deeper community insight into the project. The Story So Far The broader crypto market shows mixed signals, with different assets exhibiting varying momentum. K A L E O’s retweet has sparked interest in the $STRC community, as many are eager to hear the insights from the largest holder. This discussion is expected to delve into strategic approaches and community…

Nearly seven out of every 10 tokens launched on the Solana-based meme coin launchpad, Pump.fun, since January 2024, stopped trading on the same day they were created, according to a new analysis by CoinGecko. The study examined more than 18.67 million tokens launched on the platform, excluding only those that never recorded any trading activity. It found that almost 69% of tokens, or around 12.8 million, saw their final trade on the day they launched and did not remain active beyond a single calendar day. Overall, only 850,000 tokens, or 4.55% of all launches, survived for more than 90 days.…

“We keep hearing that there are other competing priorities in the Senate, and while that may be true, everyone is still prioritizing this, and that’s why you see readouts daily of different Senate groups meeting together, Republicans and Democrats sitting over lunch talking about passing clarity,” Carbone said. Lame duck? The period of the congressional session after the November elections, a handful of weeks known as the lame-duck session, has been held out by some lawmakers and crypto leaders as a backup option to get Clarity passed this year. However, that period can be highly unpredictable and crowded with congressional…

According to CryptoQuant data, the share of $XRP withdrawals on Binance has significantly increased in the last week. The 7-day share of $XRP withdrawals has risen to 53.8% as of today, reaching its highest level since June 2024. During the same period, the share of $XRP deposits on Binance fell to 46.1%. This level was recorded as the lowest rate since 2024. Thus, withdrawal transactions exceeded deposit transactions by 7.7 percentage points. CryptoQuant added that this divergence wasn’t just a one-day phenomenon. According to the data, $XRP withdrawals have consistently outperformed deposits for seven consecutive days since June 17th. This…

Bitcoin continues to be under severe pressure as investor interest in global markets shifts towards artificial intelligence and technology stocks. The world’s largest cryptocurrency lost approximately 30% of its value in the first half of the year, and the weakening of the dollar, or “Sell America” as it’s known in the markets, further increased selling pressure on Bitcoin. Bitcoin hit a record high of over $126,000 about a year ago, gaining approximately 350% in value during its two-year rally. This rise was driven by investors’ expectations that rising US government debt, inflationary pressures from tariffs, and political pressure on the…

Animoca Brands, a prominent Web3 investment and gaming firm, has announced a strategic investment in AllScale, a company specializing in stablecoin payment infrastructure. The move, shared via the company’s official X account, signals Animoca Brands’ deepening commitment to integrating digital currency payments and artificial intelligence into its ecosystem. The exact size of the investment has not been disclosed. Expanding Payment Infrastructure in Web3 AllScale focuses on building the backend technology that allows businesses to accept, process, and settle transactions using stablecoins—cryptocurrencies pegged to stable assets like the U.S. dollar. This investment aligns with a broader industry trend where major Web3…

Blockchain project MemeCore’s M token collapsed about 74% over 24 hours, sliding from a high near $2.92 to as low as $0.51 before steadying around $0.74, with no exploit, hack or announcement to account for the drop. The fall erased close to $3 billion in market value. M’s market capitalization dropped below $1 billion, to about $969 million, from roughly $3.8 billion before the slide, per CoinDesk data. Trading was thin relative to the size of the move, with only about $21 million changing hands over the day. No confirmed catalyst has emerged. But M is a token that widely-known…