Author: NBTC
U.S. Senators Cynthia Lummis and Bernie Moreno have advised the Treasury to provide necessary clarity on the “unfair tax burden” on crypto companies in the country. The two senators wrote a joint letter to Treasury Secretary Scott Bessart, with Senator Lummis sharing a copy on X. Our edge in digital finance is at risk if U.S. companies are taxed more than foreign competitors. @berniemoreno & I urged the @USTreasury to lift an unintended tax burden on U.S. digital asset companies. To lead the world in digital assets, we need a level playing field.⬇️ pic.twitter.com/V7pwAUqRc4 — Senator Cynthia Lummis (@SenLummis) May…
SFT Protocol, a prominent Web3 infrastructure entity, has recently partnered with Atleta Network, an advanced EVM-compatible blockchain platform to drive decentralized markets, asset tokenization, and sports. The partnership is a crucial step to advancing the Web3 sports ecosystem by leveraging the resilient infrastructure of both SFT Protocol and Atleta Network. The platform revealed this development on its official social media account. 🤝🏻 Partnership Announcement 🤝🏻 We’re excited to join forces with @AtletaNetwork — a modular, EVM-compatible blockchain powering the future of sports, asset tokenization, and decentralized markets ⚽️⛓️Built with Substrate & written in RUST, ATLETA brings unmatched speed (80… pic.twitter.com/Lgwyzwzmmr…
Cardano (ADA) founder Charles Hoskinson made statements that resonated in the cryptocurrency world. Claiming that technology giants are showing increasing interest in cryptocurrencies, Hoskinson said that Amazon, Apple, Google, Microsoft, Meta, Nvidia and Tesla want to integrate crypto wallets and stablecoins into their platforms to trade directly with the customer. According to Hoskinson, this vision aims to reach 3 billion customers without the need for banks or exchange systems. Hoskinson, who also made a remarkable prediction about the future of Bitcoin, said, “I predict a Bitcoin of $ 250,000, I hope I am wrong on the upside,” and argued that…
This is a segment from the Empire newsletter. To read full editions, subscribe. We touched on the lending sector a few weeks ago, but I want to plug back in. I caught up with Ledn’s Mauricio Di Bartolomeo, who told me that last quarter, Ledn did $304 million worth of bitcoin-backed loan originations. “That’s three times the originations we did at the peak of the market in 2021,” he added. And “multiples” of what Ledn saw in 2024. “The demand for borrowing dollars and keeping the bitcoin is growing [at the fastest pace since] it’s ever grown since we started…
After staging a strong rally from below $2,100 in early May, the Ethereum price today is consolidating just under the $2,700 mark. This level has acted as a psychological barrier after ETH hit a high of $2,722, triggering slight intraday rejection. The recent Ethereum price spikes have brought ETH back into a longer-term descending resistance zone, making this a critical area for trend validation heading into May 15. What’s Happening With Ethereum’s Price? ETH/USD price dynamics (Source: TradingView) The daily and weekly charts show Ethereum reclaiming bullish control after breaking out of a multi-month falling wedge pattern. On the daily…
Robinhood’s zero-fee model fundamentally altered how millions approach investing. In a recent podcast with investor Raoul Pal, Robinhood co-founder Vlad Tenev recounted how the platform, drawing inspiration from tech giants like Instagram and Uber, reimagined finance as a mobile-first experience. This approach provided users with a fast and inexpensive way to access assets. This shift helped create the “retail trader” movement that exploded during the COVID-19 era. Since its crypto launch in 2018, Robinhood has grown into a major entry point for new traders. In 2020, it saw a dramatic surge in crypto revenue. Tenev said demand skyrocketed overnight. Raoul…
It was supposed to be a slam dunk. The American crypto industry, flush with more political capital than it has ever had (and perhaps will ever have), was to get its long-awaited “regulatory clarity” on stablecoins last week. And yet the Senate failed to pass a key procedural vote on the marquee stablecoin legislation. As the bill, dubbed the GENIUS Act, languishes in legislative purgatory, should it be considered functionally dead—or might there be hope yet for its passage? It depends who you ask. Technically speaking, according to the Senate’s rules, the window to file a motion to reconsider the…
According to new data shared by Nansen, a powerful multichain AI analytics platform, five blockchains have shown significant growth. The analysis includes Avalanche and BNB Chain, which saw notable increases in active addresses and transactions over the past seven days. The massive increase in the number of active addresses and transactions occurred on these platforms shows the growing demand for these blockchains. Top 5 chains by 7D growth in % change in transactions:1. Avalanche: +168%2. BNB Chain: +62%3. ZKsync: +39%4. Base: +32%5. Scroll: +29%Some expected, some not. Early activity often hides in plain sight. pic.twitter.com/pnm1xnFfKD — Nansen 🧭 (@nansen_ai) May…
Bitcoin is currently trading at $104,514, supported by a market capitalization of $2.07 trillion and a 24-hour trading volume of $26.48 billion. Its intraday price has fluctuated within a tight band between $103,133 and $104,841, signaling a period of short-term consolidation following a recent bullish rally. Bitcoin The hourly chart reveals that bitcoin has entered a choppy sideways range after peaking at $104,985. A sharp rejection from this level was followed by a bounce off the $103,000 support line, indicating active short-term demand. Despite this, the declining volume on red candles after the breakout suggests a weakening bullish momentum. Entry…
0x, a decentralized exchange infrastructure firm, announced the acquisition of rival Flood, a move the firm says will help it compete in the hyper competitive aggregation market. Decentralized exchanges — or DEXs — are a cornerstone of the DeFi ecosystem. They let blockchain users swap between assets without the need for an intermediary or middleman such as a centralized exchange. Aggregators like 0x’s act as a one-stop-shop for traders, searching all the DEXs out there to find the one that offers the most cost-efficient trades, for a small fee. Competition is fierce and often exists on razor-thin margins. It was…