Author: NBTC
He pumped and dumped Solana meme coins today for $68K in profit. Welcome to the trenches, Mr. Dave Portnoy. The Barstool Sports founder today took to X (formerly Twitter) to reveal to the world that he’s learned how to trade shitcoins, and doxxed his Solana wallet to the public in the process. “Uh oh. Davey learned how to trade shitcoin and is already up a billion percent on my 1st one!!!!!!,” he posted alongside a screenshot of a Phantom wallet with 2.68 million MONTOYA tokens—a meme coin based on the “Montoya, por favor” phrase from a “Love Island”-like Spanish reality…
Michael Novogratz’s Galaxy Digital will pay $200 million over allegations it promoted LUNA while selling millions of tokens at a profit before the token’s collapse. Galaxy Digital, a crypto investment firm founded by Michael Novogratz, has agreed to a $200 million settlement with the New York Attorney General’s office over allegations it promoted the algorithmic cryptocurrency LUNA (LUNA) while quietly selling millions of tokens at a profit. The firm did not admit or deny the allegations. The settlement, outlined in a filing from the NYAG, claims Galaxy bought LUNA in 2020. At the same time, it promoted and sold its…
Hyperliquid, the decentralized perpetuals trading platform, has introduced a significant update to its blockchain infrastructure. The upgrade introduces fully on-chain validation for asset delisting. This follows after a $6 million exploit, where a whale forced a short squeeze of the JELLY memecoin, which led to the exchange delisting the memecoin. Hyperliquid introduces fully on-chain validation before asset delisting In a post on X, Hyperliquid revealed that it has upgraded its blockchain, introducing fully on-chain validator voting for asset delisting. This development enables a quorum of validator stakes to autonomously trigger asset removals directly on-chain without the need for off-chain coordination.…
Crypto funding is on track to finish a highly active Q1, with up to $7.3 billion in funding rounds. According to Messari, 550 deals were wrapped up in the past quarter. Crypto funding accelerated in March, expanding funding to $7.3B for Q1, 2025. Crypto funding usually follows the expansion stages of a bull market. This time, major assets remained subdued, but VC deals continued. According to Messari’s data, crypto funding closed $154M in funding for just the past week, while the entire quarter was on track to surpass the previous slow months. Despite the shift in focus on meme tokens,…
Dan Gambardello, a well-known Cardano bull and crypto analyst, has uncovered a surprising connection between Cardano and Paul Atkins, the incoming SEC Chair. Atkins, who reportedly holds up to $6 million in crypto assets (excluding Bitcoin), is currently undergoing the Senate Banking Committee’s screening process. Industry commentators believe his leadership at the SEC could significantly redirect the current state of crypto regulation. In his latest video, Gambardello highlights how the former SEC Commissioner’s past involvement with Cardano could influence the future of the blockchain and crypto industry. Paul Atkins’ Link to Cardano Gambardello pointed out that Atkins, the nominee to…
In this era of exciting collaborations, Venkate Exchange has announced its strategic alliance with Broken Bound. Combining the secure and credible trading platform of Venkate with Broken Bound’s provision of secure liquidity for meme coins, this synergy aims to enhance multi-chain DeFi. To celebrate this collaboration, these platforms have also announced a giveaway. This collaboration has been announced by both platforms on their official X accounts. 🚀 Big News! Broken Bound x Venkate Partnership!🤝 Broken Bound and Venkate are joining forces to enhance multi-chain DeFi, boosting liquidity and seamless asset transfers across BTC, Ethereum, and BNB! 🔥 To celebrate, we’re…
The average stablecoin liquidity per token declined from $1.8 million in 2021 to just $5,500 in March 2025, a 99.7% drop, forcing protocols to demonstrate sound reasons for investors to hold. According to a recent report by research firm Decentralised, the drop illustrates how rising token issuance, now surpassing 40 million assets, has diluted available capital without a corresponding increase in demand or user retention. The report frames this trend as evidence of a zero-sum dynamic in crypto capital allocation, where the influx of new tokens outpaces the expansion of capital pools, resulting in lower liquidity, weaker communities, and diminished…
In Italy, there is a specific law on cryptocurrencies that came into effect two years ago, but some points are still not entirely clear. One of these concerned the calculation of taxes on crypto payments, because the law did not specify it in an explicit, evident, and clearly understandable way. This point was clarified yesterday by the Italian government itself, with an official response to a question from the honorable Giulio Centemero. Taxes on capital gains from crypto payments in Italy Capital gains on crypto payments The fiscally significant events Taxes on capital gains from crypto payments in Italy The…
Binance Wallet has introduced its new CEX-to-DEX trading feature, which allows users to trade cryptocurrencies on decentralized exchanges using their Binance Exchange account balances. This new functionality supports transactions across multiple networks, including Ethereum, Solana, Base, and BNB Smart Chain. This latest innovation from Binance Wallet opens up decentralized trading by allowing users to leverage their existing exchange funds for transactions on Binance Wallet. According to the company’s official statement, this feature eliminates the need for manual transfers between exchange accounts and wallets, making on-chain trading more convenient and efficient. With the rise of decentralized cryptocurrency exchanges, it was recently…
PNC Bank has significantly increased its investment in spot Bitcoin exchange-traded funds (ETFs), according to recent SEC filings. The bank, which manages $325 billion in assets, now holds $67 million in Bitcoin ETFs. This marks a substantial rise from its $10 million exposure reported in the first quarter of 2024. Bitcoin ETFs Suffer From Outflows Despite Institutional Influx Despite this institutional growth, spot Bitcoin ETFs in the U.S. experienced net outflows on Feb. 6. Data from SoSoValue indicates that the 12 Bitcoin ETFs saw $140.3 million in withdrawals, reversing a two-day inflow streak that had totaled $407 million. Fidelity’s FBTC…