Author: NBTC
There appears to be a strategic shift in fund flow into the new token class, belonging to AI agents. The trend is especially active on the tokenless Base chain, which allows for the cheapest launches and testing of new AI agents. Base, the tokenless chain by Coinbase, is on track to surpass Solana as the go-to network for AI agents. The shift happened in the last months of 2024, after the launch of the Virtuals Protocol platform. Ironically, the trend among AI agents was noted by an AI agent, set up to process data from selected smart wallets. NomAI was…
This is a segment from The Drop newsletter. To read full editions, subscribe. The SEC has been killing investigations left and right in the past week, freeing Robinhood, OpenSea and Coinbase from its regulatory probes. The agency has now closed its investigation into Uniswap Labs, according to posts from the company published Tuesday. “This is a huge win for DeFi and reaffirms what we’ve always known — that the technology we build is on the right side of the law, and our work is on the right side of history,” Uniswap Labs wrote on X. In a blog post, the…
Michael Saylor, prominent Bitcoin evangelist and MicroStrategy co-founder, has taken to his account on the social media network X (formerly popular as Twitter) to share a big reminder about BTC with the community. In this tweet, he sort of urged the community to start (or continue) accumulating the world’s flagship digital currency before it is too late to do that. “Did you stack bitcoin this year?” MicroStrategy’s Saylor tweeted. He also revealed how much Bitcoin Elon Musk’s Tesla now holds. Did you stack bitcoin this year? pic.twitter.com/uI1j7ZiGKz — Michael Saylor⚡️ (@saylor) December 27, 2024 Top 60 Bitcoin holder list by…
As the Ripple stablecoin, RLUSD, becomes publicly available, the company has appointed several influential figures to its advisory board. Among the most prominent names is Raghuram Rajan, a former director of the International Monetary Fund (IMF). This appointment caught the attention of the XRP community, with several commentators discussing the strategic significance of including such high-profile figures in the RLUSD project. Expertise Rajan Brings to Ripple Stablecoin Advisory Board Rajan served as the IMF’s Director of Research and Chief Economist from 2003 to 2006. Later, he became the 23rd Governor of the Reserve Bank of India (RBI) from September 2013…
The U.S. Securities and Exchange Commission (SEC) has made significant moves in the crypto space, marking a shift in its regulatory stance. The agency has dropped its appeal in a case regarding the expansion of the dealer definition in securities law and approved the nation’s first yield-bearing stablecoin. These decisions highlight evolving regulatory approaches under new leadership and underscore the growing importance of stablecoins in the financial ecosystem. SEC Drops Appeal in Dealer Rule Case The SEC formally dismissed its appeal in a lawsuit filed by the Blockchain Association and the Crypto Freedom Alliance of Texas. The case challenged the…
A recent campaign of large stablecoin deposits by whales triggers hope of a Bitcoin and broader market recovery following the latest pullback. The crypto markets have shown signs of uncertainty in recent weeks following the Federal Reserve’s hawkish posture heading into 2025. While the market offered hopes of a recovery with a Christmas Day rally, an ensuing sharp correction on Boxing Day again stirred doubts. Amid the uncertainty, leading crypto analytics platform Santiment Feed has argued that there is hope to be found in the activity of a closely watched class of crypto investors. Whales Preparing to Accumulate? On Christmas…
The wait is nearly over for PAWS fans as the long-awaited airdrop is finally happening. After months of delays, the snapshot to decide token allocations is set for today, December 30, 2024. Investors are eager to see how many PAWS tokens they will receive and what surprises might be in store when the token finally lists on the market. What Could PAWS Be Worth? The team behind PAWS hasn’t shared the official price for the token yet. This has led to many guesses in the market. Based on trends from similar dog-themed tokens, like DOGS, some analysts estimate PAWS could…
Having served as the first chief of the SEC’s crypto unit from 2017 to 2019, I’m often asked what kind of crypto enforcement we should expect to see from the new administration. My first answer is that I do not know. My second answer is that I believe it will be different, but it will not disappear. To anticipate the future of crypto enforcement, we should begin by reviewing the past. The beginning The SEC’s crypto enforcement unit was formed in 2017 during the first Trump Administration. The early focus was on one, fraud, and two, core capital raising events.…
Daily confirmed Bitcoin payments fell to a yearly low on December 26, a pattern typical of the holiday season’s market illiquidity. Blockchain.com data revealed that confirmed Bitcoin transactions sank to 623,434, the lowest point in 2024. Confirmed BTC payments are transactions successfully added to the blockchain, making them immutable. The metric is often used to gauge activity and reflect on investor engagement levels within the Bitcoin network. The December 26 figures mark a stark contrast to December 17, when Bitcoin’s all-time high price of $108,000 prompted over 857,000 confirmed payments, 37% more than the recent low. Bitcoin chart patterns and…
In a bold move to bridge traditional theater with Web3 innovation, Helm Capital Group has announced the launch of Kowalski Coin, a new token designed to democratize Broadway investment through their proprietary Benefit Block (BB) model. The token will be tied to “Kowalski,” an upcoming Broadway-bound production starring Brandon Flynn and Robin Lord Taylor, scheduled to premiere at the Duke Theater on 42nd Street in January 2025. A New Funding Paradigm The project aims to address a critical gap in arts funding as traditional patronage models face sustainability challenges. Through the BB model, Helm Capital Group is introducing a blockchain-based…