Author: NBTC
Pump.fun was quick to jump on the fallout of Donald Trump and Elon Musk over the claims of a bloated spending bill. The meme token platform offered Musk a chance to launch a new token and battle it out on the crypto market. Pump.fun called out to Elon Musk on Twitter, suggesting the launch of a new official meme token. The hypothetical new asset would battle it out with Official Trump (TRUMP) while the former partners split over disagreements on government spending. Pump.fun commented on the clash between Musk and Trump, suggesting the clash may rile up the trenches and…
A prominent legal expert has explained that the SEC vs. Ripple lawsuit is still relevant to a particular class of XRP investors. Despite the apparent wind-down of the U.S. Securities and Exchange Commission’s long-standing case against Ripple, Australian attorney Bill Morgan believes the matter still holds relevance for XRP investors, especially institutions. Are There Any More Legal Risks Around Trading XRP? His remarks came in response to a growing sentiment in the XRP community that the case is no longer significant. Notably, in the most recent update, Ripple and the SEC jointly asked the U.S. Court of Appeals for the…
The institutionalization of cryptocurrencies is accelerating rapidly. Crypto derivatives exchange Deribit’s on-demand liquidity tool, the Deribit Block Request-for-Quote (RFQ) interface, has registered a cumulative trading volume of over $23 billion in less than four months since its debut in early March. Deribit is a prominent derivatives exchange, offering the world’s largest options market for traders of bitcoin BTC$107,022.90, ether ETH$2,582.68, Solana SOL$153.57, and XRP XRP$2.24. It also offers futures and spot trading.The exchange introduced the block RFQ system in March, where participants (takers), typically institutions and high-volume traders, request pricing for a structure – a single instrument trade or a…
Analytics account on the X social media network, Lookonchain, has shared data about two recently awakened Ethereum wallets that had remained in hibernation for several years. Now that they are reactivated, they have begun selling their dormant ETH coins. Both these whales have sold a significant amount of Ethereum this week. Ethereum OG and ETH ICO whale return from dormancy Lookonchain has reported that this Ethereum OG continues to sell his ETH stash. Several hours ago, he sold first one ETH, as a test transfer, and then moved 500 ETH to be sold. This amount of Ethereum is worth an…
Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and crypto news from the past week. This edition explores how the recent crypto ban in Bolivia, pertaining to the use of crypto for energy imports, could backfire in the future. Latam Insights Encore: Bolivia Excludes Crypto From Energy Settlements Let’s analyze the recent moves of the Bolivian government, which has developed a strategy that includes its largest state-owned oil company and cryptocurrency in a context of currency controls and dollar scarcity.. As a way of curbing stablecoin price speculation, President Luis Arce issued an executive…
XRP has experienced price volatility in the past 24 hours, with a decline pushing it to test the $2.15 support level. Amid this volatility, the recent XRP whale transfer could further threaten this critical support if bearish sentiment persists. XRP whale activity adds to bearish pressure According to the Whale Alert update on X, an unknown wallet made two similar transfers in quick succession to Coinbase, a U.S.-based crypto exchange. The XRP whale transferred 26,671,734 XRP in duplicate to the exchange. The value of both transfers in fiat stands at $117,789,302. This large movement from an unknown wallet suggests the…
China’s most popular crypto card payment service, Infini, has declared to shut down all their card services and focusing more on financial management for the future. According to a Telegram notice, starting from June 17 all of Infini’s card payment services will be immediately cease to function. This means that their card-based payment products, such as Global Card, Lite Card, and Tech Card, will be suspended for both offline usage and on the Infini digital app. “We have decided to suspend our card services. Effective immediately, all card functions, will be suspended for both usage and new applications. We sincerely…
The French National Assembly has decided not to discuss the subject of bitcoin mining as a possible destination for the French energy surplus. The recently introduced amendment was rejected on procedural grounds, which means the measure’s intent was not fully discussed. National Assembly of France Dodges Bitcoin Mining Proposal for Now Bitcoin is now being discussed as a high-level state policy in countries like France. The French National Assembly recently considered a proposal that introduced bitcoin mining as a state activity, presenting the possibility of utilizing French energy excesses to mine bitcoin as a state initiative. The proposal, which was…
Ethereum price is currently navigating a critical juncture following a volatile weekend that saw both bullish momentum and short-term exhaustion. As of June 17, Ethereum price today stands near $2,578, showing signs of consolidation after a failed breakout above the $2,650 resistance zone. Traders are closely watching whether ETH can sustain support above $2,510 or face renewed downward pressure. What’s Happening With Ethereum’s Price? ETHUSD price dynamics (Source: TradingView) Ethereum’s weekend rally was sharply rejected at the $2,680–$2,700 zone, a key supply area highlighted in multiple timeframes. The 4-hour chart reveals a breakout attempt from a descending wedge, but the…
Global Dollar Network (GDN) announced the launch of Global Dollar (USDG) issued by Paxos on the Ink Blockchain – Layer-2 blockchain released by Kraken. USDG on Ink provides users and developers a stable asset for transactions, liquidity provision and interactions with many different DeFi applications. Features of USDG serving demanding onchain environments: – Fully backed 1:1: Global Dollar (USDG) is a single-currency stablecoin pegged to the US dollar. USDG is redeemable from Paxos on a one-to-one basis for US dollars. – Trusted and transparent: Paxos publishes monthly reserve reports for all Paxos-issued stablecoins, including USDG, to ensure full transparency and…