Author: NBTC
[ad_1] A bipartisan stablecoin bill (GENIUS Act) faces Senate roadblocks due to Democratic concerns over Trump’s crypto ties. Democrats cite Trump’s memecoin, stablecoin involvement, and potential Binance stake as raising conflict-of-interest issues. Nine Senate Democrats (including previous supporters) now oppose the bill’s current form, demanding stronger safeguards. What recently appeared as a rare opportunity for bipartisan agreement on cryptocurrency regulation has hit a significant roadblock, directly attributable to President Donald Trump’s expanding personal and business entanglements within the digital asset space. Congressional Democrats, citing concerns over potential conflicts of interest and personal enrichment, are now expressing strong reservations about advancing…
[ad_1] Binance has released its 30th monthly Proof of Reserves (PoR) report, showing asset holdings as of May 1. Here Are the Changes to Binance’s Reserves on Critical Assets Bitcoin (BTC): User assets fell by 1.35% month-on-month to 604,411 BTC. Binance maintained a BTC reserve ratio of 102.06%, indicating excess reserves. Ethereum (ETH): ETH holdings were reported at 5.28 million ETH, a decrease of 3.36%. The reserve ratio stood at 100.16%. Tether (USDT): User USDT balances increased by 2.61% to $29.05 billion. The reserve ratio for USDT was recorded as 102.07%. However, the world’s largest cryptocurrency exchange listed the ratio…
[ad_1] A new layer-1 blockchain focused on privacy and mining accessibility is now live with the launch of Tari mainnet. Led by a group of former Monero developers, Tari’s mainnet follows the network’s testnet launch in September 2024, placing it in a crowded field of layer-1 networks that includes heavyweights like Bitcoin, Ethereum, and Solana. But the developers see Tari differently than the pack. “Our hot take: Existing chains are missing key ingredients needed for them to succeed in becoming the foundation for a new global financial system,” Tari contributor Naveen Jain told Decrypt, citing the difficult onboarding and “1984-level…
[ad_1] The leading digital currency in the world in terms of market capitalization, Bitcoin ($BTC), has registered massive gains over the course of the last 24 hours as the price value of $BTC has touched the figure of $97.9k before bouncing back to a price mark of $96k as of the time of writing. Momentum increases for #Bitcoin with its price climbing to a high of $97.9k, its highest in over two months. The rebound in price has provided significant financial relief to market participants, with over +3M BTC returning to a state of profit.Discover more in the latest… pic.twitter.com/ZG68WCHB51…
[ad_1] Ethereum is on the brink of Pectra upgrade (May 7th), its most substantial one since the 2022 Merge, an event many hope could spark a significant price rally for ETH. With Ethereum’s price currently hovering around $1,826 and showing signs of consolidation after a steep correction, the 20-day EMA at $1,780 has held as support, as per CoinMarketCap data. Understanding Pectra: A Two-Fold Enhancement Pectra is a dual-layer upgrade that combines changes to both Ethereum’s consensus and execution layers. It incorporates 11 Ethereum Improvement Proposals (EIPs), with standout features like: EIP-7702: Introduces smart contract capabilities to wallets, pushing Ethereum…
[ad_1] Swiss RWA tokenization firm Colb Asset SA has raised CHF 6 million in an oversubscribed seed extension round, helping scale its tokenization and fintech initiatives. Colb Asset SA, a leading Swiss innovator in real-world asset tokenization, has successfully closed an oversubscribed CHF 6 million (~$7.3 million) seed extension round. The capital came from a private investor managing a portfolio of over $20 billion in assets, reinforcing institutional confidence in Colb’s mission. The funding will accelerate Colb’s efforts to enable blockchain-based tokenization of high-demand pre-IPO equity, including high-demand pre-IPO equity opportunities. The firm also aims to tokenize institutional-grade Swiss wealth…
[ad_1] Pi Network will take part in Consensus 2025, one of the largest international crypto events, held in Toronto from May 14 to 16. The event, organized by CoinDesk, will host over 6,800 companies, 400 startups, and attendees from more than 100 countries. The Pi Core Team is set to showcase its Open Mainnet, which launched in February 2025. According to official Pi Network materials, the project has surpassed 55 million users globally. Thousands of decentralized applications now operate on the network, built using its mobile-first architecture. Dr. Nicolas Kokkalis, the Pi Network founder, is scheduled to speak at the…
[ad_1] Ripple’s long legal battle with the U.S. Securities and Exchange Commission (SEC) may have wrapped up in the company’s favor, but newly released documents show how deeply the agency once worried about the future of XRP. According to a fresh batch of files obtained through a Freedom of Information Act (FOIA) request by Coinbase, SEC officials were actively debating the stability and security classification of various crypto assets back in 2021. Among them, XRP was very much on their radar. As reported by The Block, in one internal email, SEC officials questioned what might happen if Ripple, the company…
[ad_1] CoinGecko’s April 2025 report confirms Binance held the top spot among centralized exchanges (CEXs), with a 38% market share. The report adds that Binance’s spot trading volume declined 18% from March, settling at $482.6 billion. This is the platform’s lowest monthly volume since October 2024, based on the updated CEX market analysis published on May 7. Gate.io and Bitget Rise in Rankings While Binance saw lower volume, Gate.io climbed to second place in April, gaining a 9% market share and recording $113.7 billion in monthly spot trading volume. This marked a 14.4% increase compared to March 2025. Bitget followed…
[ad_1] 6 May, 2025 – Tether, the largest company in the digital assets industry, today announced another milestone in their strategic collaboration with Chainalysis, integrating Chainalysis’ compliance and monitoring tools into Hadron by Tether, Tether’s purpose-built platform for tokenizing real-world assets. This upgrade brings institutional-grade oversight to Hadron by Tether, further strengthening its position as a trusted and regulation-ready marketplace for token issuance and asset management. Designed for institutions, corporations, and governments, Hadron by Tether enables the creation, management, and deployment of tokenized assets such as stablecoins, bonds, funds, and commodity-backed tokens across multiple blockchains. With the integration of Chainalysis,…