Author: NBTC
The U.S. Securities and Exchange Commission must now thoroughly “explain itself” for refusing to grant Coinbase.’s formal request that the agency write regulations for how the industry should assess whether crypto assets are securities or not, according to a circuit-court ruling on Monday. A three-judge panel for the U.S. Court of Appeals for the Third Circuit, in a legal rebuke of the securities regulator, partially sided with Coinbase’s effort to get the agency to offer legal clarity by writing crypto regulations. “Rather than force the agency to make a rule, we order it to explain its decision not to,” one…
The cryptocurrency market maker Wintermute revealed interesting growth numbers in over-the-counter (OTC) trading volumes during 2024, signaling an important shift in institutional cryptocurrency adoption that’s expected to accelerate through 2025. The firm’s latest analysis shows its OTC trading volumes surged 313% year-over-year, significantly outpacing the broader crypto exchange market’s 142% growth. A notable milestone was reached in November 2024, when single-day OTC spot volume hit an all-time high of $2.24 billion, surpassing the previous year’s weekly high of $2 billion. Evgeny Gaevoy, CEO and Co-Founder, Wintermute “There will be a continued increase in institutional interest in digital assets, especially amongst…
Just under a whopping 9,000 BTC was accumulated by spot Bitcoin ETFs in the United States on Tuesday, Nov. 19. This equates to around $814 million in total aggregate inflows across the eleven funds, according to Coinglass. Around 450 BTC are mined daily, which means that a huge supply shock is imminent if institutional funds continue to hoover up coins at current rates. Moreover, the supply shock will be amplified by the halving effect, which reduced block rewards in April. This could induce a post-halving bubble, as it has in previous cycles. U.S. Bitcoin ETFs purchased 9,000 Bitcoin today (11/19)…
In less than 24 hours since launching, TRUMP, the token from President Donald Trump, jumped to $33, a huge leap from its original price of $0,18, after Trump invited followers to secure their tokens before the 48-hour claiming window ended. It’s currently trading at $27,27, which is still over a 320% increase, a slight cool-off after a massive surge that saw early buyers make huge gains, with some turning less than $1,000 into over $300,000 in just minutes. The token has also climbed the ranks, now sitting at 28th place on CoinMarketCap. Table of Contents TRUMP expands across 10+ exchanges,…
A prominent crypto whale, going by “@degentradingLDS” on X, has gained a significant profit of $4.81M after depositing 254.65B $PEPE coins (nearly $5.15M) to Binance. As per Spot On Chain, a well-known on-chain analytics firm, this substantial profit indicates the significance of a timed strategy to leverage the meme token trading. The analytics platform provided the details of this event on social media. Crypto whale @degentradingLSD deposited 254.65B $PEPE ($5.15M) to #Binance for a big $4.81M profit 13 hours ago!Currently, this whale holds:• 430B $PEPE ($8.13M) with another unrealized profit of $7.74M (13x return);• 3.96M $DOGE ($1.6M) with an unrealized…
Senator Elizabeth Warren brought the heat ahead of Treasury Secretary nominee Scott Bessent’s confirmation hearing scheduled for Thursday. The Massachusetts senator sent Bessent a scathing 31-page letter packed with questions demanding clarity on his plans for crypto oversight, financial deregulation, and tax policy. Bessent, a hedge fund veteran with no government experience, has drawn sharp criticism for his Wall Street ties. 🚨NEW: @SenWarren’s 31-page letter to Treasury Secretary nominee Scott Bessent previews a number of crypto-related questions she plans to ask during his confirmation before the Senate Finance Committee on Thursday. Questions include whether he thinks the Treasury’s sanctions arm……
OKX, a leading cryptocurrency exchange, has announced the listing of USDT-margined perpetual futures for NC, as well as margin trading and Simple Earn options. OKX Announces Perpetual Futures, Margin Trading, and Simple Earnings for NC Cryptocurrency Key Details Perpetual Futures Trading Begins: USDT-margined perpetual futures trading for NC will go live on January 17, 2025 at 14:00. Margin Trading and Simple Earn: Spot margin trading for the NC/USDT pair and availability of NC in Simple Earn will be enabled starting from 07:00 on January 20, 2025. Additional Highlights Tiered Margin Details: Users can apply for position tiered margin program after…
Community backlash erupts after Soneium’s launch, with critics labeling its restrictions as anti-decentralization. Japanese multinational conglomerate Sony is stepping into the blockchain spotlight with the launch of Soneium, its layer-2 solution built on the Ethereum network. Designed to “unlock new possibilities, enhancing fan engagement and leveraging the transformative potential of web3 technology,” Soneium promises a future where creators, fans, and developers collaborate in a decentralized digital space, according to the Jan. 14 mainnet launch announcement. You might also like: Sony launches Soneium mainnet to power fan-driven web3 experiences But not everyone’s buying it — crypto diehards are up in arms…
Jurrien Timmer, director of global macro at Fidelity, has opined that the leading coin appears to be following the playbook of the two previous cycles. “Bitcoin appears to be following the playbook of the last two winters-turned-into-summers. There’s an unmistakable rhythm to Bitcoin’s cycles,” he said in a social media post. Last month, Timmer noted that Bitcoin and other assets were boosted by falling interest rates. “Liquidity is a formidable lubricant to grease the wheels of equity prices, not to mention gold and bitcoin, especially if it’s combined with falling real rates,” he said. On Tuesday, Bitcoin reached a new…
The current President-Elect of the United States, Donald Trump, has caused much controversy in the crypto space after launching his Official Trump (TRUMP) meme coin on Solana (SOL) two days before the inauguration. The announcement on January 17 through Trump’s Truth Social account stated that the token was for him and his “winning.” The initial speculation pointed towards a possible hack, but the confirmation came shortly after, with Trump becoming the first U.S. president to endorse a meme coin. Critics raise ethical concerns Like others, the TRUMP meme coin has been criticized for having no real-world application. Critics and analysts…