Author: NBTC

Key Takeaways Justin Sun said he trusts CZ after a report of DOJ cooperation against him. Binance is negotiating with US Treasury to overcome federal monitoring after a 2023 guilty plea. Justin Sun, the founder of TRON, has downplayed reports from The Wall Street Journal that Binance co-founder Changpeng “CZ” Zhao cooperated with the US Department of Justice (DOJ) against him. The report, which surfaced on April 11, alleged that CZ agreed to provide evidence on Sun to prosecutors as part of his plea deal for violating anti-money laundering laws. The DOJ reportedly investigated Sun for suspected financial crimes under…

Ethena Labs has partnered with Chainlink, Harris & Trotter, Chaos Labs and LlamaRisk, to launch proof of reserves for its synthetic dollar stablecoin. Chainlink (LINK) and the other firms joined Ethena (ENA) Labs’ initiative as the stablecoin’s proof of reserves attestors. The collaboration will help enhance transparency for the Ethena USD token. “Compared to our monthly custodian reports, Proof of Reserves offers more frequency, independent oversight, and a design that’s secure, extensible, and trustless by default,” Athena Labs said in an announcement. PoR will allow access to anyone, with these available via the protocol’s “Transparency” page. USDe proof of reserves…

Jason Foster, the founder of Empower Oversight Whistleblowers & Research (EMPOWR), has revealed that the nonprofit has now obtained the SEC’s crypto conflicts report on former top official William Hinman. The Office of Inspector General (OIG), the independent office within the highly influential regulatory agency, has found no criminal violations. The OIG has determined that Hinman’s infamous 2018 speech, in which he stated that Ethereum (ETH) was not a security, did not violate the agency’s ethics rule. The speech, according to OIG, had no “direct and predictable” effect on Hinman’s financial interests. Hinman left Simpson Thacher & Bartlett, a New…

While investors are eagerly waiting for the downtrend in Bitcoin to end and the rise to begin, John Bollinger, the creator of Bollinger Bands, stated that there is a bottom formation in BTC. At this point, John Bollinger said that Bitcoin Bollinger bands are trying to form a double bottom formation, but this has not been confirmed yet. Following the sharp declines, John Bollinger said that Bitcoin may be forming a classic “W” bottom pattern based on the %b indicator. The %b indicator measures the closing price of an asset based on its position within the Bollinger Bands. This means…

This is a segment from the Lightspeed newsletter. To read full editions, subscribe. When Donald Trump paired his Solana memecoin with USDC, the Solana network’s stablecoin supply predictably shot upwards — creating 306 days of supply growth over a long weekend, as we put it in this newsletter. Although much of this supply growth stemmed from a memecoin that had about 48 hours of relevance, Solana’s stablecoin supply is still near its all-time high. On February 11, Solana had $12.4 billion in stables. Today, it has $12.1 billion. “Definitely it has been stickier than anticipated,” Blockworks Research analyst Carlos Gonzalez…

Mark Uyeda, acting chair of the United States Securities and Exchange Commission, has hinted that the regulator could consider a regulatory ‘sandbox’ for crypto firms looking to offer trading of tokenized securities. Uyeda made the comments in an opening speech at the SEC’s Crypto Task Force’s second roundtable that focused on crypto trading. According to the acting SEC chair, this framework would allow both registered and unregistered exchanges offering tokenized securities. It is a move towards clear regulation, with a federal regulatory framework key to avoiding the need for a “patchwork of state licensing regimes.” “We should consider whether there…

Theya, a Bitcoin self-custody platform backed by Y Combinator, has launched Theya for Business, a new solution designed to help companies securely hold, manage, and operate on Bitcoin. The platform is targeted at a broad range of organizations, including startups, mining firms, corporations, investment funds, and service providers. Theya for Business aims to simplify treasury operations by eliminating reliance on custodians and reducing the complexity of traditional multi-signature (multisig) wallet setups. “With Theya for Business, we’ve built more than a vault—it’s your company’s Bitcoin operating system,” said Joe Consorti, Head of Growth at Theya. “Our platform is designed to scale…

SHIB burn rate and price note a resurgence, but volume remains in the red. What does this mean for the SHIB ecosystem? After several days of declining burn activity, it appears that Shiba Inu has resumed its regular large-scale token burns. Data from blockchain tracking firm Shibburn shows a massive 580.28% increase in SHIB’s burn rate over the last day. This comes amid a broader crypto market rebound, with overall crypto market capitalization surging by 4.27% as of press time. SHIB has also mirrored the uptrend in its burn metric, climbing 5.89% in price over the same period. 16,607,692 SHIB…

WASHINGTON, D.C. — The U.S. Securities and Exchange Commission could consider a short-term crypto oversight framework to allow firms to keep innovating while the agency works out a more permanent answer to digital assets regulation, interim Chairman Mark Uyeda suggested during a Friday event at the agency’s Washington headquarters. “We should consider whether there may be a more efficient method of regulation under an accommodating federal regulatory framework,” said Uyeda, in a recorded statement played at the agency’s latest crypto industry roundtable. “While the Commission works to develop a long term solution to address these issues, a time-limited, conditional exempt…

ETH was rejected at the key resistance at $1,755, which is the 20-day EMA. BlackRock’s ETHA saw a massive $6.4 million in inflows but ETH crashed 2.2%. Santiment stated that ETH is a good buy for 2025, maintaining a bullish outlook. Ethereum (ETH), currently trades at $1,559.83, down 2.2% in the last 24 hours, struggling to regain bullish momentum and break out above the $2,000 price level. Despite attempts to push higher — briefly touching a daily high of $1,621.53 — ETH was rejected near the critical resistance level of the 20-day EMA, currently at $1,755. BlackRock’s $6.4M ETH Buy…