Author: NBTC
An updated version of the ‘GENIUS Act’, the stablecoin bill proposed by Republican Senator Bill Hagerty, is released today. However, the US Senate Banking Committee has disclosed plans to make changes to the bill on Thursday. Key Aspects of GENIUS Act According to the proposal, The GENIUS Act sets requirements for issuing payment stablecoins in the US. It would allow certain entities, including subsidiaries of insured banks, nonbank issuers, and state-chartered institutions, to legally issue payment stablecoins. Issuers must comply with bank-like regulations, including capital, liquidity, and privacy standards. Small issuers (with under $10 billion market cap) can opt for…
Analyst Mags shares strategies to maximize Bitcoin gains in the 2025 bull run as the asset moves toward a projected $180K price. Bitcoin’s recent price movement has been marked by volatility following its surge toward $99,000 on Valentine’s Day. The asset faced immediate selling pressure, leading to a retreat to $97,000, where it stabilized over the weekend. As the new trading week began, Bitcoin saw another downturn, with the price crashing below $93,500. Meanwhile, Bitcoin rebounded above $96,000, where it has settled till this press. Amid these fluctuations, analyst Mags identified a silver lining based on historical performance post-halvings dubbed…
Ethereum’s ETH has been spiraling on Monday, jeopardizing a large decentralized finance (DeFi) loan on lending platform Sky (formerly Maker) of being liquidated. The borrower in danger took out a $74 million loan in DAI stablecoin by pledging 65,680 ETH as collateral, worth nearly $130 million earlier today, per a Sky vault data dashboard. In an already weak crypto prices, ETH plunged nearly 10% during the day to $1,820, below the loan’s liquidation level slightly above $1,900. Blockchain data by Debank shows that the borrower withdrew 2,000 ETH, worth nearly $4 million at current prices, from crypto exchange Bitfinex earlier…
MEXC Ventures, the investment arm of crypto exchange MEXC, is investing a total of $36 million into Ethena and its USDe stablecoin, according to a press release. The firm is making a strategic investment of $16 million in Ethena and bought $20 million in USDe stablecoin to expand the adoption of synthetic dollars in decentralized finance (DeFi) and offer an alternative to fiat-backed stablecoins, the statement said. The move comes after Ethena, the developer of USDe, raised $100 million last year, which was backed by Franklin Templeton and Fidelity Investments-affiliated F-Prime Capital, among others. Known as a synthetic stablecoin, USDe…
The broader digital currency ecosystem is undergoing an intensive rebound, with Litecoin (LTC) leading the altcoin rebound. At press time, Litecoin’s price changed hands for $135.57, up by 10.56% in the past 24 hours, per data from CoinMarketCap. This uptrend standard is beginning to show up in the community as the combined market cap is up 0.68% to $3.16 trillion. Litecoin takes lead It is quite unusual for Litecoin to lead market rallies, especially after a broad-based route across the board. The key performance metrics for the coin are positive, as it has now advanced to become the 12th largest…
Crypto’s regulatory fears ease, but self-regulation is crucial to prevent scams and ensure real innovation. The industry must shift from hype to real-world impact—projects need transparency, utility, and tangible progress. Avalanche Foundation faces backlash over Delaunch’s opacity, fueling concerns about insider activity and accountability. In Washington, D.C., the crypto business had a momentous occasion that indicated a change in regulatory attitude. According to Avalabs CEO Emin Gün Sirer, cryptocurrency fans were relieved when the regulatory environment changed. No longer fearing government hostility, attendees chanted “USA USA” in celebration. However, Sirer stressed that with fewer regulatory barriers, the industry must adopt…
Sony’s blockchain division is bringing Japanese social media giant LINE into the web3 world, with plans to adapt several popular mini-apps onto Sony’s Soeneium network, the company announced Wednesday. LINE reports approximately 200 million active users across its platform, and the agreement will bring four LINE-based games, or “mini-apps,” to Soneium: Sleepagotchi, Farm Frens, Puffy Match, and Pocket Mob. The integration is meant to facilitate features like in-game rewards and purchases. Soneium is mainly managed by Sony Block Solutions Labs, a joint program between Sony and Singapore-based Startale Labs. SBSL envisions the partnership as a way to “transcend boundaries, allowing…
The news of USDT (Tether) coming to Bitcoin and Lightning via Taproot Assets has been met with various reactions. Some believe it’s good for Bitcoin (most, actually, based on a small survey I conducted on X; yes, I know the sample size isn’t large enough for the results to be significant. I’M SHARING IT ANYWAY), while others aren’t so enthused about it. Tether (USDT) on Bitcoin and Lightning is:(Please share why in the comments and please RT after you vote.) — Frank Corva (@frankcorva) February 13, 2025 “Others” includes me — I’m not so enthused about it. That said, I’ve…
The recent hack of crypto exchange Bybit highlights the value of self-custody wallets, broker Benchmark said in a Wednesday report initiating coverage of Exodus Movement (EXOD). The broker started coverage of the crypto wallet firm with a buy rating and a $38 price target. The shares rose 5.7% to $25.89 in early trading. The Nebraska-based company has the “right product at the right time,” wrote analyst Mark Palmer. The need for self-custody was underscored in recent weeks, when crypto exchange Bybit was the subject of a hack of 400,000 ether (ETH), worth about $1.5 billion. Exodus Movement has lost more…
Prominent blockchain tracker Shibburn has revealed an impressive rise shown by the SHIB burn rate over the last day. A large amount of meme coins were burned to reached it. Meanwhile, the SHIB price has demonstrated a slight increase since last morning, moving in the same direction as the aforementioned metric. SHIB burns jump 588% According to the aforementioned data platform, during the past day, the loyal community of the second largest meme cryptocurrency Shiba Inu has succeeded in driving the SHIB burn rate 588.25% up. An astounding amount of meme coins, namely 15,492,566 SHIB, has been burned in total.…