Author: NBTC

Securities and Exchange Commission (SEC) Chairman Paul Atkins announced a new framework to address regulatory uncertainty surrounding the cryptocurrency market, while detailing efforts to limit the influence of controversial proxy advisors on corporate governance and stop American investments from funding China. SEC Chairman Paul Atkins appeared on Fox Business’s ‘Mornings with Maria’ program with Maria Bartiromo to explain steps to clarify the definition of “security,” a long-standing issue within the cryptocurrency industry. Atkins summed up the regulatory uncertainty the industry was experiencing by saying, “Unfortunately, the industry has been operating in a fog for several years. They haven’t really figured…

Despite ETH’s significant price decline, currently trading at $3,209, some Ethereum-based tokens are quietly building strength. The data shared today by Nansen not only showed where real money is flowing to, but also highlighted top Ethereum-based assets that are grabbing aggressive attention from smart money investors. Typically, smart money investors are recognized by their wallets; their wallets often hold huge funds and record substantial profits in DeFi activities. The analyst identified top assets were heavily bought by the smart money wallet group in the last seven days. Top 5 @ethereum tokens by Smart Money netflows the past 7d1️⃣ $YB +$171.8K2️⃣…

Ethereum’s ether ETH$3,197.03 fell sharply from Thursday to Friday, plunging over 10% from peak to trough a broad-market crypto selloff accelerated with bitcoin breaking below the $100,000 level. The second largest cryptocurrency tumbled from $3,565 earlier on Thursday to $3,060 by early Friday, erasing all of past week’s rebound. It recently stabilized just below $3,200, still down roughly 8% over the past 24 hours. The move coincided with broad-market selloff on U.S. markets with stocks and bonds falling in tandem with cryptos. The U.S. government shutdown, which has just ended, weighed on liquidity conditions. Also adding to the pressure is…

U.S. stocks rose on Wednesday, with the Dow Jones Industrial Average, the S&P 500, and the Nasdaq Composite inching higher amid major banks’ earnings and fresh bets on further rate cuts by the Federal Reserve. Summary Wall Street was upbeat as investors cheered banks earnings and anticipated interest rate cuts. Despite U.S.-China trade tensions, stocks were up. Bitcoin also held steady above $112,000 amid a slight return to risk-on sentiment. The Dow Jones Industrial Average added 200 points as the session’s start contrasted with Tuesday’s sharp declines. A similar positive start to midweek trading saw the S&P 500 and the…

Four days after Uniswap Labs and the Uniswap Foundation proposed merging their operations and activating the long-awaited fee switch, a X spat between the protocol’s founder and Gary Gensler’s former chief of staff reopened wounds that the crypto industry thought had healed. The exchange wasn’t just about a governance vote, it was a proxy war for how Washington and Web3 remember 2022, and whether decentralization was ever more than regulatory theater. Amanda Fischer, now at Better Markets after serving as SEC chief of staff under Gensler, fired first.On Nov. 14, she posted that Uniswap’s proposal of consolidating Foundation operations into…

The DeFi ecosystem has gone through a substantial advancement over the past week. The notable DeFi projects like Notional Finance ($NOTE), Thala ($THL), and Supra ($SUPRA) have dominated the market with massive TVL growth. As per the data from DefiLlama, the other names in the top-10 list include Flow ($FLOW), Gala Games ($GALA), Turbos Finance ($TURBOS), Radiant Capital ($RDNT), Giza ($GIZA), Bluefin ($BLUE), and Blackhole ($BLACK). Overall, this remarkable increase in the DeFi TVL reflects the expansion in the worldwide DeFi consumer base. TOP PROJECTS BY WEEKLY #TVL GROWTH$NOTE $THL $SUPRA $FLOW $GALA $TURBOS $RDNT $GIZA $BLUE $BLACK $APEX $LON…

Leading cryptocurrencies Bitcoin (BTC), Ethereum (ETH), and altcoins are experiencing a major correction. At this point, BTC has fallen below $95,000, while ETH finds support around $3,100. While there are analyses suggesting that the correction could deepen further, one analyst noted that Ethereum remains relatively robust against Bitcoin. Accordingly, market analyst Omkar Godbole said that Ethereum has been relatively strong against Bitcoin despite the ongoing strong correction in the market, which is unusual. Pointing out that the ETH/BTC ratio increased by more than 2% in a single day, the analyst stated that the increase in the ETH/BTC ratio is an…

Laser Digital, the digital-assets arm of Nomura Group, said today it has received in-principle approval from Dubai’s Virtual Assets Regulatory Authority (VARA) to tokenize its global flagship Laser Carry Fund (LCF) under VARA’s pilot ARVA Framework. The approval clears the way for Laser Digital to issue Tokenized LCFs (TLCF), institutional-grade tokens that give professional and institutional investors exposure to tokenized units of the Laser Digital Carry Fund SP, a Cayman Islands segregated portfolio. According to the firm, each TLCF will be made available on one or more public blockchains via KAIO, while Komainu will serve as the VARA-licensed custodian for…

A new claim that will create controversy in the cryptocurrency market came from UniSwap (UNI) founder Hayden Adams. Gensler Even Wanted to Designate Bitcoin as a Security In a conversation with Sam Bankman-Fried (SBF) about two weeks before the FTX crash, Adams suggested that then-SEC Chairman Gary Gensler was preparing to classify all major cryptocurrencies, including Bitcoin and Ethereum, as “securities.” Adams stated on social media that the SBF had asked him to support a bill that would “destroy” the crypto industry, but he had refused. Sharing details of the meeting, Adams said the SBF is in close contact with…

Falcon Finance’s overcollateralized synthetic dollar USDf now has a transparency and risk-management framework. Following the market decline on Oct. 10, USDf added over $700 million in new deposits and surpassed $2 billion in supply. The protocol is setting itself up to tackle issues that have long plagued decentralized finance like opaque reserves and complicated risk models. USDf overcollateralization A live Transparency Dashboard that offers real-time insight into USDf’s financial situation serves as the framework’s focal point. The overcollateralization ratio, reserve composition and yield strategies are all visible to users. Tokenized Ethereum, SOL and Bitcoin are examples of collateral assets for…