Author: NBTC

Bitcoin’s price has plunged to slightly below $75,000 in minutes, losing more than 2.3% throughout the past 24 hours. The sudden move comes immediately after it became evident that the Digital Asset Markets CLARITY Act will not get the necessary votes to advance without further debate. Source: TradingView The move also comes amid a massive uptick in liquidations, which soared by over 200% in the past day. The total number is currently around $760 million, where over $290 million of that were liquidated in the past hour alone, amid the serious volatility. Source: Coinglass The rest of the market is…

Super League Enterprise has raised approximately $2.23 million through its first at-the-market stock offering since announcing a deal that would turn the Nasdaq-listed company into Metaplanet’s U.S. Bitcoin treasury platform. According to an Aug. 21 prospectus amendment filed with the U.S. Securities and Exchange Commission, Super League sold 475,598 common shares for gross proceeds of approximately $2.23 million under an agreement signed three days earlier. The filing did not disclose the average selling price for the shares or the net proceeds after commissions and other offering costs. Dividing the reported gross proceeds by the number of shares sold gives an…

Sui’s ecosystem is making waves as it reportedly reached $550 million in Total Value Locked (TVL), reflecting an expanding DeFi, stablecoin, and gaming infrastructure. According to a recent tweet by commentator @Route2FI, the coin has surged over 50% in just a few days, although it remains significantly below its all-time high. This growth highlights the potential for Sui to capture a larger market share moving forward. Inside the Move The Sui Network is currently experiencing a notable resurgence, reflected in its growing TVL of $550 million. This increase underscores its evolving ecosystem, which is branching out into various sectors, including…

The dispute regarding the CLARITY Act has become a straightforward question: will Americans choose to keep their cash in banks or will they use dollar-pegged stablecoins with promising rewards? Before the Tuesday Senate vote, eight banking organizations requested that lawmakers to establish stricter regulations regarding incentives for using stablecoins. Their position is simple: when deposits leave the banks, they lose a reliable and inexpensive source of funding and availability of cash. The importance of this question arises from the fact that banks use deposits to provide loans. In May, Cryptopolitan wrote that in the U.S. banks use about 80% of…

Pump.fun has removed Cashback Mode as an option for new token launches and introduced Holder Rewards, replacing a trading-linked rebate in the creation flow with automatic payouts to wallets that keep qualifying tokens. Under the new system, fees assigned to a Holder Rewards token go to a Pump.fun distribution wallet and are sent pro rata several times an hour. Wallets must hold more than $20 worth of the token to qualify, and larger balances receive a larger share. Cashback rewards had to be claimed through Pump.fun, its app or Terminal. Holder Rewards payments are automatic and arrive in the token’s…

Google and Apple are seeking employees with expertise in digital assets, adding to signs that Big Tech firms are preparing for a larger role for stablecoins, tokenization and blockchain-based payments. Google Cloud is hiring an Industry Principal Architect in Hong Kong to work with protocol foundations, exchanges, custodians and financial institutions to tokenize real-world assets across the Asia-Pacific (APAC) region. The role calls for experience with blockchain networks, smart contracts, stablecoin infrastructure, tokenized deposits and custody technologies. Google said the hire would advise executives and help shape its Web3 product roadmap as it seeks to become the preferred cloud provider…

Japan’s latest 20-year government bond auction signaled a higher price for long-term borrowing, not a collapse in demand. The average accepted yield rose to 3.856% on Tuesday, 15.8 basis points above the 3.698% average on Aug. 20. Competitive bid coverage improved slightly to about 4.01 times from 3.98 times, while the gap between the highest accepted and average yields narrowed to 1.3 basis points from 1.5. Those measures are consistent with orderly absorption at a higher yield. They do not support describing the auction as a failed sale. Comparison of Japan’s August and September 20-year government bond auctions, showing a…

Fidelity’s FETH and FSOL staking plans give its Ethereum and Solana exchange-traded products authority to stake up to 100% of their crypto under normal conditions, while pairing that ceiling with a layered plan for meeting redemptions when network exits take too long. The matching framework appears in Aug. 21 prospectuses for the Fidelity Ethereum Fund, or FETH, and Fidelity Solana Fund, or FSOL. Neither fund has a minimum staking requirement, and sponsor FD Funds Management can keep ether or $SOL unstaked for foreseeable redemptions, expenses, asset protection and its liquidity program. The 100% figure is an authority ceiling, not evidence…

Solana has recently announced the launch of $URA, a new asset available via the Sunrise platform from Backpack Securities. This move could significantly enhance Solana’s ecosystem and attract more users to the platform. The announcement was made via a tweet from the official Solana account, generating excitement within the community and drawing attention to the project. You can view the tweet here. The Latest The broader crypto market is currently experiencing mixed signals, with various assets showing different levels of momentum. In this environment, the launch of $URA on Solana via Sunrise stands out as a noteworthy development. It highlights…

The bill would eliminate taxes on de minimis network or transaction fees, meaning any fees below $10, though a person “that engaged in more than 5,000 transfers” over the prior year would be excluded. Eliminating taxes on minor transactions has been a major ask from the crypto industry in recent years, with advocates arguing that cutting the taxes would better enable digital assets for small purchases, such as cups of coffee. Currently,people transacting with digital assets must report the capital gain or loss on those transactions, even if they’re small-dollar amounts. Many of the provisions in the bill address tokenized…