Author: NBTC
The U.S. Securities and Exchange Commission (SEC) has officially announced that its civil enforcement actions against major cryptocurrency firms Kraken, Consensys, and Cumberland have been dropped. In separate filings, the SEC said it has reached joint agreements with Payward Inc. and Payward Ventures Inc. (collectively known as Kraken), Consensys Software Inc. and Cumberland DRW LLC to dismiss the lawsuits with prejudice. The SEC explained that the decision was based not on the merits of the allegations in the respective lawsuits but on a broader effort to reform and refresh its regulatory stance. The SEC emphasized that the dismissal of these…
Today, two newly created wallets have sold 14,064 Ethereum ($ETH) for 27.5 million $DAI at an average price of $1,959. This has been reported by blockchain analytics firm Spot On Chain in a latest tweet. The transactions, which took place through decentralized finance (DeFi) platforms THORChain and Chainflip, have sparked suspicions of money laundering. This is because of the fresh origin of the $ETH through these protocols. In the last 8 hours, two new wallets dumped 14,064 $ETH for 27.5M $DAI at an average of $1,959!What’s interesting? All their $ETH just freshly came through #THORChain and #Chainflip. Coincidence or laundering?Follow…
Hyperliquid, a new crypto exchange specializing in leveraged memecoin trading, has been capturing market share from its well-established global rivals like Binance. Benefiting from two particular features, namely copy-trading and leveraged trading contests, it has attracted disproportionate media attention. At first glance, certain numbers sound impressive. For example, over the past three months, Hyperliquid’s perpetual futures trade volume has grown 74% from $1.9 billion to $3.3 billion. That outperforms even market leader Binance, which grew 42% in the same category during the same time period. Using similar metrics that emphasize percentages rather than absolute dollar amounts, some people have started…
Prominent on-chain data agency Glassnode has published a tweet, revealing that since mid-December last year, retail investors have started accumulating Bitcoin much faster than before. This coincided with notable price surges of the world’s flagship cryptocurrency during the last month of 2024. Meanwhile, Bitcoin price has reacted to the released US jobs report, regaining the $100,000 price level. Retail investors stacking a lot of BTC daily Glassnode has revealed that retail investors (who are holding slightly less or slightly more than one Bitcoin) have accelerated accumulating BTC recently. Since the middle of December, they have been stacking 10,627 Bitcoins per…
Is Strategy (MSTR) in trouble? Led by Executive Chairman Michael Saylor, the firm formerly known as MicroStrategy has vacuumed up 506,137 bitcoin (BTC), currently worth roughly $44 billion at BTC’s current price near $87,000, in the span of about five years. To the casual observer, the company seems to have a magic, unlimited pool of funds from which to draw on to buy more bitcoin. But Strategy acquired a sizable chunk of its stash by issuing billions of dollars in equity and convertible notes (debt securities which can be converted into equity under special conditions), and more recently via the…
According to the recent Polymarket data, there’s a 18% chance that Kanye West will launch his own cryptocurrency by the end of this month. The poll was created about Kanye West launching his cryptocurrency after he posted a message on X stating” When people make all that money with a coin is it cash or concept?”. This has sparked a lot of speculation about West’s potential entry into the crypto world. Polymarket indicates 18% chance of Kanye West launching a coin by the end of the month Tweet that started the Polymarket Poll Celebrity Cryptocurrencies: A Growing Trend This is…
Senator Bernie Moreno recently criticized former SEC Chairman Gary Gensler, labeling him “one of the stupidest people in government.” Moreno, who gained attention for defeating Elizabeth Warren’s anti-crypto efforts in Ohio, made the comment during a recent hearing, where he was addressing Paul Atkins. In 2024, during a Bitcoin conference, Donald Trump promised that if he were elected, he would fire Gensler on his first day in office. In November, after Trump won, Gensler decided to step down and announced his resignation. Now, Gensler’s replacement, Mr. Atkins, has been chosen to lead the SEC. Gensler faced criticism for his tough…
Ethereum price prediction 2025 is once again in the spotlight, with analysts tipping ETH to hit the $10,000 mark. Recent whale activity around Ethereum and Ethereum-based tokens has added fuel to the bullish narrative. As ETH continues to gain momentum, the question remains: when will Ethereum reach $10K? Whales Accumulate Ethereum-Based Tokens as ETH Eyes $10K Ethereum price prediction 2025 is becoming more optimistic as large investors, or whales, ramp up their positions in Ethereum and Ethereum-linked assets. Recent on-chain data reveals a noticeable increase in whale accumulation, a signal often linked to future bullish breakouts. With this activity intensifying,…
Changpeng Zhao (CZ), the founder of Binance, the world’s largest cryptocurrency exchange, made statements about altcoin listings and their impact on prices. At this point, CZ argued that the prices of tokens should come from their own development, not from listings. Replying to a user on X, CZ argued that listings on exchanges should not inherently affect token prices. CZ acknowledged that listings increase liquidity, but noted that the impact is short-term and provides short-term gains. In response, CZ said that the development and progress of the project should determine the price, and that the development of the project is…
Bitget Exchange CEO Gracy Chen has highlighted key developments in the Czech Republic’s approach to Bitcoin. Chen noted that if the Czech National Bank proceeds with its proposal to allocate 5% of its €140 billion foreign reserves into Bitcoin, the country could become the world’s third-largest Bitcoin (BTC) holder, surpassing nations such as the United Kingdom, Germany, and Ukraine. She also emphasized the new capital gains tax exemption for BTC, which has been in place for over three years, incentivizing long-term adoption. This is solid great news! 🎉🚀 The Czech National Bank Governor first proposed adding Bitcoin to the country’s…