Author: NBTC
Social media firm TikTok has pushed back against a Congressman’s accusation that it had purchased TRUMP meme coins in order to “bribe” the U.S. president. “The Chinese owners of TikTok have announced they are buying ‘Trump Coins’ for $300 million,” Congressman Brad Sherman (D-CA-32) tweeted Thursday, adding that, “Trump creates ‘Trump Coins’ at no cost, meaning this is just a $300 million bribe that goes right into his pocket.” The social media firm tweeted a rebuttal stating that, “Congressman, claiming that the owners of TikTok are buying ‘Trump Coins’ is patently false and irresponsible and doesn’t even accurately reflect a…
Ripple’s Chief Legal Officer, Stuart Alderoty, took to X (formerly Twitter) today to share that Ripple has sent an additional letter to the U.S. SEC’s Crypto Task Force. The letter responds to a recent speech by SEC Commissioner Hester Peirce titled “New Paradigm,” where she raised an important question: When does a cryptocurrency stop being part of an investment contract and become just a digital asset? In their letter, Ripple thanked the SEC team for meeting with them on May 20, 2025, and offered further thoughts on the issue. Ripple argued that most cryptocurrencies traded today are not securities. They…
Crypto markets are giving no return opportunities for intraday traders, but long-term market watchers say the market is in a coiled spot and key levels are to be monitored for moves on either side. Bitcoin BTC$105,356.65 hovered just above $105,000 on Wednesday, showing a steady rise from earlier in the week. Ether ETH$2,625.14, Cardano’s ADA ADA$0.69319, dogecoin DOGE$0.19569 and XRP XRP$2.24 showed returns under 1%. Overall market capitalization declined 1.8%. Nick Ruck, director at LVRG Research, said the market’s shift in sentiment reflected a sense that trade tensions, and that the drag on risk assets may have been priced in.…
Terminus has collaborated with Enterise to release an initiative devoted to Web3 to allow making crypto purchases of films-related products and experiences. The incorporation provides a QR system that enables the users to buy film non-fungible tokens (NFTs) through any digital currencies directly through their devices. This system enhances an easier and safer interaction between the artists and the listeners. 🤝 Terminus x Enterise — Powering Web3 Film & Payments IRL 🍿Terminus is excited to collaborate with Enterise @enterise_app, exploring the best possibilities in how Web3 film integrates with real-world transactions. This partnership empowers web3 creators and fans to look……
A widely followed crypto analyst says that Bitcoin may surge to a new all-time high (ATH) if BTC breaks through one key resistance level. In a new thread, crypto trader Michaël van de Poppe tells his 792,500 followers on the social media platform X that Bitcoin will likely trade sideways a little longer before reclaiming $108,500 as support and then have a massive breakout to a new ATH. “Slight consolidation before the next breakout, that’s what Bitcoin is telling us. It couldn’t break through this resistance in one-go and is therefore consolidating. That’s fine, I assume we’ll see a big…
Former Celsius CEO Alex Mashinsky has agreed to forfeit all claims to the bankrupt crypto lender’s assets, clearing the way for additional creditor distributions. The agreement, filed Monday in the U.S. Bankruptcy Court for the Southern District of New York, prohibits Mashinsky and three related entities (AM Ventures Holdings Inc., Koala1 LLC, and Koala3 LLC) from receiving any bankruptcy proceeds. All of Mashinsky’s claims submitted or scheduled on his behalf be “withdrawn, disallowed, and shall receive no distribution” under the Chapter 11 bankruptcy plan. With the agreement, Mashinsky and entities related to him would be permanently barred from receiving any…
Ripple has proposed a new legislative framework to determine when crypto tokens should no longer be considered securities. The company calls it a “network maturity” test, which would evaluate whether a token has outgrown its initial investment contract based on objective criteria such as market capitalization, operational history, and decentralization of control. The proposal was outlined in a May 27 letter from Ripple’s legal team to the SEC’s Crypto Task Force, responding to the agency’s question about when a crypto asset, originally part of an investment contract, becomes legally distinct from that contract. “In new legislation, one approach to fill…
Czech opposition party ANO on Tuesday called for a no-confidence vote in the government following the resignation of Justice Minister Pavel Blazek, amid controversy over a Bitcoin donation from a convicted drug trafficker. The donation, reportedly worth millions of dollars in Bitcoin, was made to the Czech government in March and has triggered widespread condemnation. Decrypt has contacted government officials for comment. Blazek resigned Friday after facing political backlash from an alleged Bitcoin donation from Tomas Jirikovsky, who was convicted in 2017 for running Sheep Marketplace, a defunct dark web platform ostensibly involved in drug trafficking. The minister denied any…
Ethereum (ETH) has recorded strong gains over the past two weeks, rising from $2,111 on June 12 to $2,515 on June 25, reigniting hopes for a sustained bullish rally that could push the digital asset beyond the crucial $3,000 level. Ethereum Rally Marked By Shift In Dynamics According to a recent CryptoQuant Quicktake post by contributor Amr Taha, Ethereum’s latest rally has been accompanied by a notable shift in market dynamics – including a flip to positive funding rates, a potential short squeeze, and a rise in ETH inflows to Binance crypto exchange. Recent data from Binance reveals a significant…
BOE Governor has cast doubt on the case for a digital pound for consumers, questioning its necessity even as the central bank moves ahead with developing a wholesale version for use between financial institutions. Bank of England Governor Andrew Bailey has expressed doubts about the need for a digital pound for everyday consumers, as initially reported by Bloomberg. Speaking at a conference in Kyiv, Ukraine, Bailey acknowledged the potential advantages of CBDCs like smart contracts and improved fraud protection, but questioned whether launching a consumer digital currency is necessary to realize them. He also said that BOE is “well on…