Author: NBTC

Crypto-focused legal firm Burwick Law has asked a judge to stop memecoin platform Pump Fun harassing the company and hosting tokens based on its likeness, and wants it kept under the watchful eye of a compliance officer. Burwick claims that the sanctions are a necessary response to Pump Fun’s alleged “memetic marketing campaign” that intended to “amplify harassment and intimidation” against the firm. It claims that as part of the campaign, both Pump Fun, and “affiliates” of the platform, have used its token system to intimidate and “impose pressure outside the courtroom.” This includes X account @onchainrapist, which boasts a…

The Ethereum price correction shows a key support test at the multi-month support triangle pattern, threatening a potential breakdown ahead. BitMine Immersion Technologies expanded its ETH reserves by over 35,000 tokens in the past week. Trend Research increased leveraged exposure through Aave-backed borrowing and spot ETH purchases. On Tuesday, January 20th, the crypto market witnessed another wave of selling pressure as US-EU trade war continued to weaken investors sentiment. As a result, the Ethereum price dives below the $3,000 mark, registering an intraday loss of 6%. While the sell-off has liquidated retailers in the derivative market, the institutional investors continue…

Anthropic has reportedly begun formal IPO groundwork by tapping Wilson Sonsini, a U.S. law firm that has advised it since 2022, as it weighs a possible listing as soon as next year and looks to test whether public markets could be ready for an AI lab still deep in capital-intensive growth. The AI development company has reportedly engaged the firm while holding early, informal talks with major banks, according to an initial report from the Financial Times, citing people familiar. Estimates from sources vary, with one person saying Anthropic could be ready by 2026, while another cautions that doing so…

Ethereum price started a fresh decline from the $3,200 resistance. ETH is now consolidating losses and is at risk of more losses below $2,880. Ethereum started a sharp downside correction below $3,000. The price is trading below $3,000 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $3,020 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it stays above the $2,880 zone. Ethereum Price Dips Over 5% Ethereum price failed to remain stable above $3,200 and started a fresh decline, like Bitcoin.…

Digital asset treasuries (DATs) are leading a crypto stock recovery as markets rebound following a big leverage flush to start the month. Ether DATs recovered strongly on Tuesday, including Nasdaq-listed EthZilla (ETHZ) which gained 12.35% on the day to $10.80 in after-hours trading, according to Google Finance. The world’s largest Ether (ETH) treasury, BitMine — which has been reportedly buying the dip this week — also saw double-digit stock gains on Tuesday with a 10.26% gain for BMNR. BitMine shares reached $32.40 in after-hours trading, up more than 650% since it announced its Ether strategy in late June. Meanwhile, the…

One year ago Tuesday, Gary Gensler resigned as chair of the US Securities and Exchange Commission (SEC) amid the inauguration of President Donald Trump. Many in the crypto industry had heavily criticized the former SEC chair for his approach to digital asset regulation and enforcement. Gensler’s position on cryptocurrencies likely contributed to companies like Ripple Labs funding political action committees (PACs) and backing many candidates in the 2024 US elections who had expressed views favorable to the industry and opposing those who didn’t. Shortly after Gensler’s resignation, Trump appointed SEC Commissioner Mark Uyeda as acting chair of the agency. What…

Ethereum price slipped below the psychological $3,000 level as selling pressure increased across spot and derivatives markets. Summary Ethereum dropped under $3,000 after $229M in spot ETF outflows ended a five-day inflow streak. Derivatives data shows position unwinding, while RSI and Bollinger Bands point to near-term weakness. CryptoQuant data shows exchange reserves at multi-year lows, limiting selling pressure longer term. ETH was trading at $2,978 at press time, down 4.6% over the past 24 hours. The token is still up 1.7% over the last month, but it has dropped 10% over the last 7 days. 24-hour volume increased 58% to…

Options linked to cryptocurrencies are booming across U.S. markets, so much so that contracts tied to BlackRock’s bitcoin ETF (IBIT) have cracked the top 10 U.S. list in just over a year after debut. As of Tuesday, a total of 7,714,246 IBIT contracts were active or open, the ninth largest tally among options tied to U.S.-listed stocks, ETFs and indices, according to data source optioncharts.io. Among stocks alone, IBIT options rank second in open interest. BloFin Research said that the growing popularity of options tied to IBIT indicates BTC’s appeal as a macro asset. “IBIT options open interest has reached…

According to a source who spoke to the Associated Press (AP), Federal Reserve Chairman Jerome Powell will attend an oral hearing at the U.S. Supreme Court in the case against Federal Reserve Board member Lisa Cook. Powell’s presence in the courtroom at Wednesday’s hearing is seen as a rare and noteworthy show of support from a central bank governor. The Supreme Court is examining whether President Donald Trump can remove Cook from his post, as he suggested at the end of August. Trump’s attempt to remove a member of the Federal Reserve’s seven-member board of governors is seen as an…

Ethereum founder Vitalik Buterin has put forward a remarkable proposal to enhance the network’s security and strengthen decentralization. Buterin proposes directly integrating a “native DVT” (distributed validator technology) mechanism into Ethereum’s staking protocol, aiming to make validators operate in a more secure and robust environment. In a post published on the Ethereum Research forum, Buterin stated that this design, which he calls “native DVT,” would allow validators to register multiple independent keys under a single identity. Accordingly, processes such as block generation or verification will only be considered valid with the signatures of a specified threshold number of keys. This…