Author: NBTC

Gary Gensler, former chairman of the US Securities and Exchange Commission (SEC), made important statements about the cryptocurrency market after a long break. Speaking to CNBC, Gary Gensler said he has no regrets about regulating the cryptocurrency market and the actions he took for it. While Gensler stated that his views on Bitcoin (BTC) and cryptocurrencies have not changed, he argues that cryptocurrencies are still speculative. Gensler stated that he does not regret the strong sanctions and regulations imposed on the cryptocurrency sector during his tenure, as fraud was rampant at the time. Gensler, seen as a key figure in…

FTX’s bankruptcy estate is set to release $1.6 billion of funds to creditors at the end of the month, marking the third major payout following the crypto exchange’s implosion nearly three years ago. The FTX Recovery Trust, which oversees the bankruptcy process, announced on Friday that payments will begin on September 30 for creditors who have completed verification steps on the FTX claims portal. Funds will be routed through service providers BitGo, Kraken or Payoneer and are expected to land in accounts within three business days. U.S. customer claims will receive 40% in the latest round, bringing their total recovery…

More than 40% of Americans are open to using decentralized finance (DeFi) protocols if proposed legislation is made law, according to a recent survey. Crypto lobby group the DeFi Education Fund (DEF) found in a survey released on Thursday that many Americans “are curious about DeFi” as respondents signalled a low trust in the traditional finance system. The survey was conducted by Ipsos between Aug. 18 and 21, with 1,321 US adults polled. Ipsos Public Affairs vice president Alec Tyson said the study found “emerging awareness of cryptocurrency and decentralized finance as many Americans express frustrations with current financial institutions’…

The Milady gang thinks social media is broken, calling the community of fans the “diaspora of chan culture”—such as the notoriously edgy 4chan. To fix that, the NFT project’s creators are launching a social media network to rival X, with the first step coming via official Milady profiles. RemiliaNET is an in-browser experience that will allow the community to track their Milady achievements and build up a “social credit score,” with a competitive leaderboard to boot. And the upcoming RemiliaChat, with no release date confirmed, looks to be a fully fledged social media platform with an algorithm-driven feed and chat…

Ethereum is scaling into its role as the neutral settlement layer. Value accrues across L2s and applications — not from squeezing L1 fees. The paradox is, on a usage versus revenue basis, Ethereum appears to be both winning and losing. Consider this: Throughput up: monthly transactions and unique active addresses are at, or near, highs. Cost down: median and average tx fees sit near cycle lows; base-fee gwei is low and steady. Mix shift: rollups are stuffing blobs at record levels; users trade more, especially stables, without pushing L1 fees up. Revenue craters: base-fee burn + tips are far below…

Fed expected to cut rates 25bps today, marking 2025’s first policy easing step. Markets price six rate cuts by 2026, with SEP offering clarity on Fed’s outlook. Powell’s press conference could shift sentiment, balancing inflation risks against growth support promises. The U.S. Federal Reserve is set to make its first rate cut of 2025 today. The expected 25-basis-point cut is not a surprise, but what matters more is how many cuts will follow. The Fed now faces a tough job easing pressure on the weak job market while keeping inflation in check and handling political pressure from Washington. First Step…

Zhang Guojun, Hong Kong’s Deputy Secretary for Justice, highlighted the city’s new stablecoin licensing law during a speech at the China-ASEAN Commercial Law Forum. The law was featured in a presentation on September 18 as part of Hong Kong’s efforts to support financial innovation while ensuring regulatory oversight in the digital asset sector. Stablecoin Ordinance and Cryptocurrency Oversight Guojun noted that Hong Kong passed the Stablecoin Ordinance in August. The legislation establishes a licensing system for stablecoin issuers, requiring compliance with financial safeguards and risk management measures. He emphasized that the regulation is designed to balance financial innovation with investor…

The Federal Reserve delivered its first rate cut of 2025, lowering the federal funds rate by 25 basis points. The move pushed the U.S. dollar to its weakest level in more than three years while risk assets, from equities to commodities to crypto, surged on the shift. For decentralized finance (DeFi), the policy shift may act as a catalyst for fresh inflows. Here are three DeFi projects analysts say could benefit the most. Related: Bitcoin Traders Eye $116K Breakout After Fed Test To $155K Fibonacci Target Ondo Finance: Tokenization Magnet Ondo Finance has established itself as a leading platform for…

Ethereum could be headed for its strongest cycle yet, according to analysts at CryptoQuant. At the time of writing, Ethereum has been changing hands for $4,603 after having gained nearly 4% in the past day and over 7% compared to this time last week, according to crypto price aggregator CoinGecko. CryptoQuant Head of Research Julio Moreno credits institutional demand—from treasury companies and spot ETFs—and a steep uptick in staking as primary drivers boosting the price of ETH. “This synchronized accumulation indicates that Ethereum is increasingly viewed as a long-term strategic asset by large capital allocators, similar to Bitcoin’s trajectory post-ETF…

All eyes around the world, including Bitcoin and global markets, are once again focused on the FED’s interest rate decision. Although a series of recently released macroeconomic data have kept inflation concerns alive in the US, it is considered certain that the Fed will cut its policy rate. At this point, a 25 basis point cut by the Fed tonight is priced in at 95.8%, while a 50 basis point cut is priced in at 4.2%. However, the possibility of the FED making a surprise decision of 50 basis points is not excluded. When Will the September Fed Interest Rate…