[ad_1] Coinbase has obtained internal documents from the U.S. Securities and Exchange Commission concerning the agency’s investigation into Ethereum 2.0, following a Freedom of Information Act lawsuit. Paul Grewal, Coinbase’s Chief Legal Officer, announced on X that the SEC disclosed a list of withheld documents. These documents include a May 2022 internal analysis of ETH 2.0 under the Howey test, a February 2023 email questioning Ethereum’s (ETH) classification as a security, and an April 2023 memorandum prepared for commissioners before authorizing the ETH 2.0 investigation. Also listed is the case closing narrative for the investigation. The SEC initially denied Coinbase’s…
Author: NBTC
[ad_1] During a recent conversation on “The Journeyman” podcast with financial expert Raoul Pal, Digital Currency Group founder Barry Silbert stated that 99.99% of cryptocurrency tokens are worthless. “Over the last…13 years since I first bought Bitcoin…I’ve always been intellectually curious about everything else that’s coming out of our space. I think, for the most part, 99.9% of crypto tokens that are out there have no reason to exist and are worthless,” he said. Silbert has noted that his bar for getting excited about something is “really really high.” The “crypto king” remains bullish on privacy tokens of the likes…
[ad_1] As part of the partnership between VeChain and Stella Pay, the first 5,000 users will be given 200 B3TR tokens to help with the cost of buying the card. The Stella Pay Visa card enables customers to use B3TR, VET, and VTHO to spend at over 130 million merchants worldwide in over 200 countries. On April 12, CNF reported the release of the Stella pay Visa Card for VeBetter DAO users. The visa card allows users to spend B3TR, the reward token granted to those who engage in sustainable actions and actively participate in the VeBetterDAO platform. Besides B3TR,…
[ad_1] Bitcoin is the crypto sector’s top asset and is also universally defined by U.S. regulators and courts as a commodity, putting it under the jurisdiction of the Commodity Futures Trading Commission. That agency is now seeking public comments on whether it should open the wider world of derivatives to around-the-clock trading, as already executed for bitcoin and other digital assets. Though the CFTC is expected to be established as a crypto market regulator in Congress’ ongoing effort to establish industry rules, the agency’s invitation for comments issued on Monday doesn’t explicitly discuss digital assets oversight. The request notes that…
[ad_1] Bitcoin’s price rose again–even as stocks fell–spurring many traders who bet against the asset to close their positions. Over the past 24 hours, investors have liquidated more than $97 million in BTC short positions, according to data provider CoinGlass. Investors have closed nearly $180 million in short positions for all cryptocurrencies. The price of the biggest digital coin by market cap was recently trading at roughly $86,800, gaining 2.7% over the past 24 hours, crypto markets data provider CoinGecko showed. That was down from over $88,200 shortly after U.S. markets opened–its highest point since the end of March, but…
[ad_1] The South Korean crypto market reflected the shifting sentiment in Q1. The retail-driven market may soon start to invite institutions, based on the latest Kaiko report. The South Korean crypto market slowed down in the first quarter of 2025, reflecting the general trend on other global centralized exchanges. The country’s markets rallied hard at the end of 2024, reaching a peak of $300M in daily volumes, per the latest Kaiko report. However, the first months of 2025 cooled down the enthusiasm. The South Korean crypto market usually served as an arena for some of the hottest altcoins. The country’s…
[ad_1] Today, April 21, crypto analyst, Onchain Lens, spotted a prominent whale who completely exited the SPX6900 (SPX) market. Three days ago, the whale completely sold 9 million SPX tokens for $3.88 million USDC at an average price of $0.432 per coin. In the past 3 days, a crypto KOL (@oxvyz) has completely sold 9M $SPX for $3.88M $USDC at an average price of $0.432.Address: 0xd3c1e839be4a9c52de9669c4f8e8af67104ba21b pic.twitter.com/G2gA1KPzT3 — Onchain Lens (@OnchainLens) April 22, 2025 Whale sells amid price surge This whale appears to be a long-term investor who bought the 9 million SPX tokens and held them for quite some…
[ad_1] President Donald Trump will attend Paul Atkins’ private swearing-in ceremony as US SEC Chair, according to the president’s schedule on Roll Call first shared by journalist Eleanor Terrett. The event is set to take place today at 4:00 PM ET in the Oval Office. Source: Eleanor Terrett Atkins, nominated by Trump to run the nation’s top financial regulatory agency, formally assumed office on April 21 after receiving Senate confirmation earlier this month. He now works alongside fellow Commissioners and the agency’s staff to advance the SEC’s mission to facilitate capital formation, maintain fair, orderly, and efficient markets, and protect…
[ad_1] South Korea’s leading cryptocurrency exchange Bithumb has announced that Pump (PUMP) will be listed on the KRW (Korean Won) market, with trading set to begin at 18:00 on Tuesday, April 22. Bithumb to List Pump (PUMP) on KRW Market on April 22 Pump will only be supported on the BNB Smart Chain, and users are advised that deposits via other networks will not be supported. The reference price for listing is set at 249 KRW, and deposits require 15 confirmation blocks. On some offshore exchanges, the token may be labeled as “PumpBTC,” and users are advised to carefully verify…
[ad_1] Bitcoin (BTC) is taking a stand even as the broader stock market keeps sliding down to its tariff-related lows on Easter Monday. The top cryptocurrency is up 2.3% in the last 24 hours and now trading for $86,800 for the first time since April 3—the day after the Trump administration unveiled its new tariff policy. Mainly buoyed by bitcoin, the broader market gauge CoinDesk 20 Index has risen 1.17% in the same period of time, with most tokens relatively unchanged. Crypto-linked stocks have also remained stable, with Coinbase (COIN) and Strategy (MSTR) down 1.2% and 1.3% respectively, and major…