Author: NBTC
One of Washington’s top crypto lobbyists is establishing the country’s first nonprofit focused on the interests of Solana, the popular blockchain that has emerged in recent years as a crucial hub for meme coin trading and decentralized finance. Miller Whitehouse-Levine, who previously headed the DeFi Education Fund, announced Monday he has started the Solana Policy Institute and will serve as its inaugural CEO. The Solana Policy Institute describes itself as a nonpartisan nonprofit advocating for decentralized networks like Solana that “are the future infrastructure of the digital economy.” Whitehouse-Levine told Decrypt that because of the digital asset industry’s newfound political…
Pixels and Forgotten Runiverse, a pair of crypto games on the gaming-focused Ethereum scaling network Ronin, are teaming up to bring Pixels’ PIXEL token to the Runiverse—the massively-multiplayer online role-playing game or MMORPG that just opened to the public in early access. Forgotten Runiverse, developed by Biosonic, is based on the lore of the Ethereum NFT collection Forgotten Runes Wizard’s Cult. The game opted to move from layer-2 Arbitrum to Ronin in July 2024 and will eventually have its own native token, XP, which will act as the ecosystem token for Forgotten Runes. Social farming game Pixels also made its…
Bitcoin (BTC) has absorbed approximately $450 billion in additional capital since November 2022, bringing the total Realized Cap to $850 billion, according to a recent report by Glassnode. The report noted that Bitcoin has maintained a price above $100,000 for several weeks, seven years after reaching $10,000 during the 2017 bull run. According to Glassnode, the growth in Bitcoin’s realized cap is driven by its increasing role on the global stage, which has attracted institutions and sovereign entities. The report highlighted nation-states engaging with Bitcoin as a key factor, including Bhutan engaging in large-scale mining operations, El Salvador establishing Bitcoin…
The chief executive of retail trading giant Robinhood says that the tokenization of traditional assets could secure the dominance of the US equities market. In a new interview on the Bankless YouTube channel, Robinhood CEO Vlad Tenev says that crypto asset tokenization will boost the US stock market the same way stablecoins are helping establish the dominance of the US dollar. “Tokenization of securities, which we’re very excited about, allows you to have ownership in companies… Stablecoins are viewed rightly as an area that could increase demand among individuals overseas as governments become prone to diversifying away from holding treasuries.…
ZIGChain, the layer-1 blockchain developed by social investment platform Zignaly, has announced that its testnet is now live. The testnet will allow developers to explore, build and test decentralized finance and real-world asset tokenization solutions aimed at democratizing wealth generation and access, the L1 noted. The price of ZIGChain (ZIG) token rose following the announcement. Data from crypto.news showed that ZIG’s price was up more than 11% at the time of writing, hovering near $0.11. The token previously reached highs of $0.17 in December 2024, a rally fueled by the platform’s massive buyback and burn program. Recently, ZIGChain revealed its…
A new study by the National Cryptocurrency Association found that 55 million U.S. adults now use cryptocurrency, with 76% saying it positively impacts their lives. On April 2, the National Cryptocurrency Association released the largest-ever survey of American cryptocurrency holders. It showed that 21% of U.S. adults, or around 55 million people, are using digital assets. Conducted in partnership with Harris Poll, the report offers a fresh look at how crypto is being used across different demographics and income levels. Ownership skews younger, with 67% of holders under 45, but the study also found notable adoption among older Americans as…
The U.S. Commodity Futures Trading Commission (CFTC) withdrew two pieces of crypto-related staff guidance on Friday, further streamlining its approach to crypto regulation. The first advisory rescinded on Friday was Staff Advisory No. 18-14, Advisory with Respect to Virtual Currency Derivative Product Listings. Originally published in May 2018, the advisory established guidelines for crypto-related derivatives, including requiring reporting firms to maintain “close coordination with [the] CFTC surveillance group” and establishing a large trader reporting threshold of five bitcoins (or the equivalent value for other cryptocurrencies), among other suggestions. On Friday, the CFTC published a letter saying that “additional staff experience”…
Bitcoin’s price over the past sixty minutes ranged from $96,318 to $97,286, with a market capitalization of $1.92 trillion and a 24-hour trade volume of $70.59 billion, while intraday trading spanned from $96,318 to $102,614. Tuesday’s dump follows the U.S. crypto czar telling the press the President asked him to “evaluate” a strategic bitcoin reserve. Bitcoin Bitcoin’s current price action reflects a clear bearish trend across multiple timeframes, with persistent selling pressure evident in the technical indicators. On the one-hour chart, bitcoin has been making lower highs and lower lows, struggling to reclaim the $98,500 to $100,000 resistance zone. The…
This is a segment from the Empire newsletter. To read full editions, subscribe. I’ve got a dose of optimistic news for you this morning: From a venture capital perspective, the first quarter wasn’t so bad! Preliminary data from PitchBook suggests that the quarter saw roughly $4.5 billion in VC spending, with half of that coming from Binance’s deal with Abu Dhabi’s MGX. To put that figure into context, we saw a little over $2 billion per quarter last year. If we continue at this pace — and I know it’s early to say this — we could see spending hit…
The IOTA Rebased protocol aims to enhance scalability, programmability, and decentralization while potentially integrating Move Smart Contracts and Ethereum Virtual Machine (EVM) compatibility. To accelerate the implementation of the Rebased Protocol, IOTA launched the “Return of IOTA” campaign, featuring a 3 million IOTA token airdrop. IOTA co-founder Dominik Schiener dropped hints of what to expect soon within the ecosystem while reiterating the commitment to the roadmap and long-term vision. Using X, he reiterated that fundamentals have not changed, and neither has the strategy toward adoption ever been clearer. IOTA’s Dominik Schiener Hints At Something Major “Fundamentals are the same. Roadmap…