Author: NBTC
Sen. Elizabeth Warren (MA-D) recently sounded the alarm over new proposals on stablecoin legislation, claiming they’d give Elon Musk a “clear runway” to control U.S. money and payments. If that sounds overly-dramatic, it’s because it is. Here’s what these bills actually do: the GENIUS Act and the STABLE Act aim to create responsible guardrails for stablecoins, ensuring consumer protection and financial stability while encouraging innovation. Far from handing the keys to a single billionaire, they lay out clear standards so that no one — the world’s richest man or otherwise — can dominate payment infrastructure by sidestepping important safeguards. At…
Pump.fun’s revenue has hit a 4-month low, driven by a bottoming-out of its token graduation rate. According to DefiLlama data, Pump.fun’s protocol fee revenue is at $791,500 as of Mar. 17, a 94% drop from the $15.38 million peak on Jan. 25. This marks its lowest single-day value since November. Pump.fun daily fees and revenue chart | Source: Defilama In addition to the drop in revenue, the cool-off of memecoin frenzy on Pump.fun is also evident from the decline in the platform’s graduation rate—the number of memecoins that make it to Solana (SOL) decentralized exchanges contingent on meeting specific liquidity…
Data provided by the public blockchain tracker Shibburn has revealed that over the last day, the SHIB community has been burning its favorite meme coins quite actively and drove the burn rate way upward. In the meantime, the price of the second most popular meme cryptocurrency SHIB has dropped by over 3% since Sunday. SHIB burns up 1,190% The data source mentioned above unveiled that over the last 24 hours, several tens of millions of SHIB have been transferred to unspendable blockchain wallets, i.e. burned – 44,011,839 SHIB. The two largest burn transactions carried 20,809,760 and 20,490,768 and they were…
Cryptocurrency trader and analyst Willy Woo has taken to social media to address the crypto community regarding Bitcoin dominance over the cryptocurrency market. In February, this key metric soared for the first time since 2021 thanks to the newly elected president Donald Trump promising to impose high tariffs on imports from China, Mexico, and Canada. Bitcoin dominance dropping in 2017 On February 17, Bitcoin dominance, which is the share of the overall market capitalization held by Bitcoin, reached the level of roughly 60.6%. Historically, this important metric has seen large fluctuations. In 2017, Bitcoin’s total market share faced a major…
Lara Trump dedicates her highly rated Fox weekend show My View to Bitcoin and cryptocurrencies. As President Donald Trump’s administration pursues plans to establish a strategic Bitcoin reserve, one influential member of the Trump family appears to be wetting the ground. On Saturday, March 15, Lara Trump, the president’s daughter-in-law, dedicated her highly rated Fox weekend show My View to Bitcoin and crypto. She interviewed proponents like Strategy Chairman Michael Saylor and Kevin O’Leary in what appeared to be a concerted effort to convince viewers of the asset’s value and the need for the U.S. to hold a crypto reserve.…
Injective’s proposal IIP-494 for the Nivara Chain upgrade has officially passed, marking a milestone for the decentralized layer-1 blockchain platform. IIP-494 for the Nivara Chain Upgrade has officially passed with 42.3 Million $INJ used in the governance voting process!The upgrade will officially occur tomorrow at approximately 9:47 AM EST (14:47 UTC). https://t.co/zTZw3bxhr1 — Injective 🥷 (@injective) February 16, 2025 The upgrade is scheduled for February 18, 2025, at 14:47 UTC, and will bring significant improvements and new features to the Injective network. Key Features of the Nivara Upgrade: Next-Generation RWA Oracle:The Nivara upgrade will introduce advanced RWA (Real World Asset)…
U.S. crypto lobbyists watched with excitement in recent days as a pair of votes cemented what they’d hoped: Congress is on their side. The industry that battled with pariah status just three years ago has staunch allies now in the White House and inside the U.S. financial agencies, and the recent votes in the Senate and House of Representatives on an Internal Revenue Service rule demonstrate that their support among lawmakers runs deep. So many Democrats joined the sector’s reliable Republican allies on those votes that crypto advocates suggest they may not have to give up much in negotiations over…
Since altcoins like Ethereum are having trouble gaining traction, Bitcoin’s market dominance has increased to almost 60% – a four-year high. This indicator shows how resilient Bitcoin has remained on a market where interest in other digital assets is waning. BTC continues to be the focus of investor attention even though the overall market is moving sideways and the volatility of the cryptocurrency space is also decreasing. Bitcoin’s dominance is approaching its highest level since 2021, which indicates a change in market sentiment as investors choose BTC over riskier altcoins. Ethereum and other alternative assets have not been able to…
After an initial minting peak, stablecoins are starting to flow out of Solana. The network initially received additional USDC, gaining over $12B in stablecoins. The stablecoin supply on Solana is decreasing after peaking at above 12B tokens. Most of the inflows came from USDC adding billions in liquidity over the past few weeks. In the past week, Ethereum added another $1.1B in stablecoins while Solana liquidity shifted as stablecoin issuers slowed down new token creation, and some tokens left the ecosystem. Over the same period, Solana decreased its total supply of USDC and USDT by 772M tokens. Ethereum, Solana, and…
The following is an opinion piece by Tom Howard, Head of Financial Products and Regulatory Affairs at CoinList. Stablecoin Act drafts that would effectively ban Tether and other non-US stablecoin issuers from the US market due to offshore operations are circulating. This approach is a significant policy error. A robust global reserve currency thrives by exporting itself to foreign markets, not pulling it back home. Attempting to force all USD-denominated stablecoins to reshore deposits to US banks ignores a critical monetary principle known as “Triffin’s dilemma,” which describes how exporting currency overseas strengthens international demand but risks domestic inflation if…