Author: NBTC
The native asset of a Bitcoin (BTC)-focused decentralized finance (DeFi) project defied the crypto market doldrums and skyrocketed by more than 55% this week. Threshold Network powers tBTC, a decentralized wrapped Bitcoin that can be used throughout DeFi ecosystems. The project’s native token, T, is trading at $0.0223 at time of writing, up from $0.0143 one week ago. The 236th-ranked crypto asset by market cap is also up nearly 48% in the past 24 hours alone. T’s price surge largely materialized after Threshold Network announced on Thursday that it planned to restructure its decentralized autonomous organization (DAO) to reduce annual…
As the first quarter of 2025 approaches for Bitcoin and altcoins, customs tariffs that Donald Trump is expected to announce on April 2, Independence Day, are awaited. While Trump’s approach was critical for BTC and altcoins, cryptocurrency analysis company Santiment said in its latest post that investors showed great interest in Solana (SOL), Coti Network (COTI), Walrus (WAL) and Curve Finance (CRV) on social media. According to data from X, Reddit, Telegram, 4Chan, BitcoinTalk, and Farcaster, the cryptocurrencies with the highest increase in investor interest are as follows: Solana (SOL): Many investors are talking about the amount of liquidity in…
Singapore’s current tone of caution on crypto could limit its future competitiveness, Coinbase warned, urging a more ambitious national strategy. U.S.-based crypto exchange Coinbase has urged Singapore to take a bolder approach to digital assets, warning that the country could fall behind if it continues to view crypto mainly as a risk. In a recent blog post, Coinbase’s country director for Singapore Hassan Ahmed warned that Singapore risks losing its lead if it continues to take a cautious approach to crypto. Ahmed noted though that the country already has a strong foundation in digital finance, adding that as of 2023,…
CME’s bitcoin futures, considered a proxy for institutional activity, gapped lower Monday in a sign of bearish sentiment after President Donald Trump ruled out a trade deal with China. The futures contract due to expire on the last Friday of April began trading at $79,590, down 5.6% from Friday’s close of $84,250 and quickly descended to $76,800, CoinDesk data show. The losses came as Dow futures fell 900 points, Chinese stocks crashed, and the Japanese equity market slipped into lower circuit breakers as JPMorgan, S&P Global, and Goldman Sachs increased the probability of the U.S. falling into recession this year.…
Uniswap Labs CEO Hayden Adams has opined that Solana has a “better roadmap, team, and approach” for developing decentralized finance (DeFi) directly on the monolithic layer-1. Over the past several years, Ethereum has been focused on developing a modular rollup-centric approach. Way more activity is now happening on layer-2 networks, and some critics have argued that they are parasitic in relation to layer-1. Adams has expressed skepticism regarding abandoning years of work in this particular direction, arguing that Solana would be a better fit for running DeFi on layer-1. “You want to throw this away at the final stretch because…
Listings on Binance, the world’s largest cryptocurrency exchange, usually lead to an increase in altcoin prices. However, this was not the case for this altcoin. Mubarak (MUBARAK), a memecoin that has attracted great attention since its launch and has the support of CZ, has received the good news of listing from Binance. Accordingly, the “vote-to-list” event that Binance recently launched has ended. It was stated that according to the voting results, Mubarak (MUBARAK), CZ’S Dog (BROCCOLI714), Tutorial (TUT) and Banana For Scale (BANANAS31) altcoins will be listed. Binance stated that these tokens will have Seed Tags applied to them and…
MoonPay CEO Ivan Soto-Wright has voiced strong support for achieving parity between state and federal oversight in forthcoming US stablecoin legislation. He advocates for state-regulated stablecoin issuers to have equal footing as Congress shapes future digital asset rules. In a letter sent today to the leadership of the Senate Banking and House Financial Services Committees, Soto-Wright expressed support for the Conference of State Bank Supervisors (CSBS) and its proposed amendments to the House’s STABLE Act and the Senate’s GENIUS Act. He stated: “As currently drafted, the bill stacks the deck in favor of federal PSIs. It is essential to preserve…
Bitcoin dipped to an intraday low of $77,098, mirroring the downturn in futures markets as the Dow Jones Industrial average plunged more than 1,500 points. Dow Tanks 1,500 Points; Bitcoin Sinks as Economic Anxiety Spreads Between 5 p.m. and 8 p.m. on Sunday, Apr. 6, the digital asset economy contracted by another $50 billion, falling from $2.53 trillion to $2.48 trillion. Bitcoin ( BTC) hit its lowest point—$77,098—at approximately 7:24 p.m. ET and has since rebounded slightly to $77,654. The cryptocurrency appears to be functioning as a proxy indicator for Wall Street’s upcoming open, a theory that aligns with futures…
VeChain is reportedly planning to launch a new payment card that combines blockchain-based rewards with everyday spending. Dubbed the B3TR debit card, the card will allow users to pay for everyday items such as groceries and clothing using the B3TR token. Popular VET investor Sebastian Rok shared the initiative today, noting that the VeChain Foundation has confirmed the ongoing development of the B3TR debit card. 🚨🧵 BREAKING: #VeChain is Launching a $B3TR Debit Card🚨 Yes. You read that right. You’ll soon be able to swipe your card… and pay with purpose.Groceries, coffee, clothes — all funded by your impact. This…
The upcoming U.S. STABLE Act mandates full reserves, which will likely benefit compliant stablecoin issuers like Coinbase. U.S. stablecoin regulation is poised to have a significant impact on issuers. On Friday, April 17, Nansen released a report highlighting the potential winners of the STABLE Act. According to the report, compliant issuers like Coinbase, PayPal, and Visa will likely be the biggest beneficiaries. The STABLE Act, which passed the U.S. House Financial Services Committee on April 2, provides comprehensive regulation for stablecoins. Its goals are to protect holders, ensure transparency by issuers, and strengthen the role of the U.S. dollar. You…