Author: NBTC
Wall Street’s adoption of crypto ETFs has brought billions into Bitcoin and Ethereum, but Swiss-regulated digital asset bank Sygnum argues these funds weaken crypto’s core benefits. Speaking with Decrypt at Consensus in Hong Kong on Wednesday, Max Stuedlein, head of strategic digital asset solutions at Sygnum Bank, argued that the “regular market hours” that crypto exchange-traded funds operate with for compliance have become a hindrance to unlocking the value of crypto. In such use cases, investors are “just dragging along a lot of the negatives of traditional finance,” Stuedlein told Decrypt. Stuedlein highlighted specific limitations: restricted trading hours, reduced liquidity,…
Pump.fun, a prominent platform for launching meme tokens, has once again gripped the attention of netizens following a transfer of 120,000 SOL (approximately $22.88 million at the time) to Kraken, according to an Arkham Insight update. This is the first Solana transfer the Solana launchpad has made in 2025. According to recent data, the platform’s fee account holds 172,000 SOL and 101,000 JITSOL, with a combined value of about $55.19 million. The transaction was followed by another substantial deposit of 292,437 SOL (valued at $55.5 million) to the same crypto exchange, according to LookOnchain. Pump fun deposited 292,437 $SOL($55.5M) to…
In a significant legal victory for the cryptocurrency industry, the U.S. Securities and Exchange Commission (SEC) has decided to drop its lawsuit against Coinbase without imposing any fines. Coinbase founder and CEO Brian Armstrong attributed this development to the recent political shift in Washington. Armstrong expressed gratitude to the Trump administration for its role in the ouster of SEC Chairman Gary Gensler, whom he accused of “illegal conduct” along with Senator Elizabeth Warren and some congressional allies. “Thank you Trump administration, thank you for winning the election and removing radical SEC chairman Gary Gensler,” Armstrong said. “I was confident we…
CoinRank has announced a partnership with VitaminAI, a next-generation AI agent marketplace for Web3. This partnership follows VitaminAI 2.0 upgrade which makes it the world’s first Web3 AI driven agent marketplace. 🎉 Announcement: CoinRank is joining forces with @Vitaminiai! 🤝👉 Fresh off their 2.0 upgrade, VitaminAI has evolved into the world’s first AI agent marketplace for Web3. The platform now features advanced filtering by location, chain, protocol, and interests – with 70+… pic.twitter.com/mALclnZc7M — CoinRank (@CoinRank_io) February 21, 2025 VitaminAI Boosts Marketing with 70+ Specialized AI Agents VitaminAI now allows filtering on several advanced parameters in this upgrade. There is…
Christian Lindner, the head of the Free Democrats (FDP) party, has endorsed the idea of diversifying Germany’s reserves with the help of Bitcoin, according to a recent report by Handelsblatt. The former finance minister also believes that the European Central Bank (ECB) should make a similar. Lindner has pointed to the fact that the U.S. is considering embracing Bitcoin as a federal reserve asset, which is why he believes that Germany should potentially follow suit. The 45-year-old politician does not want Germany to be left behind when it comes to crypto. Lindner is convinced that Bitcoin could potentially bolster the…
Coinbase, the largest Ethereum staking custodian, has consistently avoided disclosing information on its staked ETH holdings for the past five quarters. And now, estimates suggest Coinbase manages approximately 21% of all staked ETH, making its lack of transparency a significant concern. Despite calling itself a transparent entity, Coinbase has not provided details on its staked ETH, cbETH backing, or cbBTC reserves. This has raised doubts about the integrity of its staking operations, particularly as its address rotation and custody structure make tracking more challenging. 1/ it’s the 5th quarter where @coinbase, the largest staked ETH custodian, refuses to share any…
Max Stuedlein, head of strategic digital asset solutions at Sygnum Bank challenged the mainstream enthusiasm around crypto exchange-traded funds. Stuedlein opined that ETFs still carry numerous negatives presented by traditional finance tools. Swiss digital asset bank, Sygnum challenged the hype around crypto ETFs. Max Stuedlein, head of strategic digital asset solutions at Sygnum Bank, commented that ETFs carried limitations that are already staples of traditional financial assets. Sygnum Bank challenges ETF mainstream hype Swiss-regulated Sygnum Bank Sygnum argued that exchange-traded funds weakened crypto’s benefits, such as decentralization. In an interview at Consensus in Hong Kong on Wednesday, Max Stuedlein said…
A crypto whale has recently moved a huge amount of $SHIB tokens. As per Lookonchain, the whale extracted 220 $SHIB tokens from the top crypto exchange Binance just a few hours back, denoting a significant activity in the crypto market. The on-chain analytics provider disclosed this development on its official social media account. A whale withdrew 220B $SHIB($4.63M) from #Binance 2 hours ago after being dormant for 5 months.https://t.co/vHHs25C754 pic.twitter.com/r0sFEXMyEC — Lookonchain (@lookonchain) January 1, 2025 Crypto Whale Extracts $4.63M in $SHIB Following Being Dormant for Five Months Lookonchain mentioned that the whale has withdrawn a $4.63M amount from Binance.…
The legislative debate surrounding two key crypto bills will intensify on Capitol Hill, with lawmakers in both chambers of Congress scheduled to discuss key digital asset issues. On Wednesday, the Senate Committee on Banking, Housing, and Urban Affair will be “exploring bipartisan legislative frameworks for digital assets.” The House Financial Services Committee will hear testimony on stablecoins and central bank digital currencies, or CBDCs on March 5. While bipartisan calls to pass crypto bills increased on The Hill last year, key Republicans, eager to fulfill 2024 campaign promises to the digital assets industry, have been among officials pressing crypto-friendly legislation…
Somnia, the blockchain redefining scalability and efficiency, has launched Shannon Testnet, a key milestone on the road to mainnet. Named after Claude Shannon, the father of information theory, this testnet delivers a real-world environment for developers to build high-speed, scalable, and cost-effective blockchain applications.—Following Somnia’s DevNet breakthrough—1M+ TPS, sub-second finality, and sub-cent transaction fees—Shannon Testnet is set to push blockchain performance even further. DevNet stress tests saw 3.6 million transactions processed across 300,000+ addresses, proving Somnia’s capability to handle real-world traffic. Now, Shannon Testnet is here to stress-test congestion resistance and enable developers to build at a scale never seen…