Author: NBTC

One of the U.S. Securities and Exchange Commission’s regulation proposals that was meant to grab segments of the crypto space under the agency’s jurisdiction had sought to expand what trading venues it believes need to register in a way that included digital assets businesses, and Acting Chairman Mark Uyeda is looking to reverse that effort. The rule has been years in the making and is waiting to be finalized at the agency, but Uyeda has asked staff at the SEC to put the brakes on that. “In my view, it was a mistake for the commission to link together regulation…

Swell Network has announced its integration of Obol Collective’s Distributed Validators (DVs) into its liquid restaking protocol. This partnership aims to improve staking performance, enhance security, and boost rewards for users. Obol shared this news on X and via its official blog as well. Obol Distributed Validators (DVs) are being integrated into the @Swellnetworkio liquid restaking protocol to modernize their staking stack!What this means for the Swell community:✅ Better Performance✅ Less Risks✅ More Rewards🧵👇 pic.twitter.com/6Y0rPCBm8C — Obol Collective (@Obol_Collective) March 12, 2025 Strengthening Staking with Obol: Higher Performance, Lower Risks By adopting Obol’s DVs, Swell is upgrading its staking infrastructure…

Bitcoin’s price movement remained sideways today, showing little reaction as the crypto community commemorates the day BTC’s market capitalization first crossed the $1 trillion mark in 2021. It has traded below $100,000 for over two weeks, and technical and on-chain data hint at the likelihood of an extended stay below this critical price point. Bitcoin Marks Trillion Dollar Anniversary But Stalls Below $100,000 On this day in 2021, Bitcoin’s market capitalization surpassed $1 trillion for the first time. Since then, it has nearly doubled, with the leading coin’s market cap now valued at $1.9 trillion. Interestingly, as the market commemorates…

The White House confirmed that a 25% tariff on steel and aluminum imported from Canada and other countries will go into effect at midnight on March 12. President Donald Trump, who previously threatened to raise the tariffs to 50%, ultimately opted against a higher increase, offering no exemptions or waivers. “Pursuant to previous executive orders, the 25 percent steel and aluminum tariff will go into effect at midnight on March 12, with no exceptions or waivers for Canada and all of our other trading partners,” White House spokesperson Kush Desai said in a statement announcing the decision. Trump first said…

David Portnoy doubled down on his meme token drive, launching GREED, another high-risk meme. Portnoy sniped a big portion of the supply early on, while traders later posted deep losses. David Portnoy launched GREED, another meme token with a high-risk profile. The launch arrived just days after Portnoy caused deep losses through the Jailstool token, and later shilled for LIBRA, the failed meme token supposedly backed by Argentina. This time, Portnoy performed an even more blatant rug pull. He bought 35.79% of the supply, then sold all the tokens in a single transaction, making the price tank by 99%. The…

A Trump family representative held talks to buy a stake in Binance’s U.S. arm, according to a Wall Street Journal report on Thursday. The stake could have been acquired through Trump-family backed crypto project World Liberty Financial, the report said, citing people familiar with the matter. Steve Witkoff, a friend of the U.S. president, was involved in the deal talks, the report added. Witkoff and his family founded World Liberty Financial two months before Trump was elected President in November. The talks started last year after Binance reached out to Trump’s allies offering to reach a deal with the family…

Paolo Ardoino, CEO of Tether, stated today that USDT stablecoin adoption in developing nations effectively creates a decentralized market for US debt, positioning everyday people as indirect purchasers of American treasuries through Tether’s reserves. Speaking at the Bitcoin Policy Institute, Bitcoin for America event, Ardoino highlighted Tether’s significant role in maintaining US dollar dominance globally while simultaneously warning about BRICS nations’ potential challenge to this supremacy through gold accumulation. The CEO described USDT as serving a temporary “bridge” function in emerging markets where people need access to the US dollar for savings. Ardoino warned that BRICS nations are actively seeking…

Galaxy’s Head of Research, Alex Thorn, has refuted claims that Murad Mahmudov, a meme coin analyst, sold his SPX6900 (SPX) tokens to them. Reports alleged that Murad conducted the sale through over-the-counter (OTC) transactions to bypass on-chain activity. Did Murad Really Sell His SPX Tokens? According to the rumors circulating on social media platform X (formerly Twitter), Murad offloaded $20 million worth of SPX tokens for $13 million. He bypassed on-chain transactions to avoid public scrutiny. Moreover, users noted that the situation extends beyond a simple token sale. The claims suggested that Galaxy acquired Murad’s seed phrase, granting them control…

President Donald Trump plans to sign another cryptocurrency-related executive order, possibly as soon as this week, that takes aim at anti-crypto policies of the Joe Biden administration that made it difficult for company companies to obtain banking services, sources familiar with the matter told Decrypt. The order will likely seek to explicitly roll back the rules and regulatory initiatives associated with “Operation Chokepoint 2.0,” an alleged Biden administration plot to deny banking services to crypto companies and executives, sources said. When asked, the White House’s Presidential Working Group on Digital Assets Executive Director Bo Hines confirmed the executive order is…

At 9am today, five Wall Street Journal journalists published a claim that Binance founder Changpeng Zhao (CZ) is seeking a presidential pardon from Donald Trump. Their reporting acknowledges CZ’s completion of a four-month prison sentence and claims that unnamed sources familiar with the matter believe CZ has pushed forward with his request despite already serving a sentence. Although the reporters do not speculate on other misdeeds, a US president has the sole authority to preemptively pardon for crimes for which an individual does not yet have a conviction. Per Article II, Section 2, Clause 1 of the US Constitution and…