Author: NBTC
Eric Trump, son of U.S. President Donald Trump, has acknowledged the rapid growth of USD1, the stablecoin backed by World Liberty Financial (WLFI). In just two months, the dollar-pegged digital asset has reached a $2.1 billion market cap, making it the seventh-largest stablecoin in circulation. The stablecoin’s trajectory has gained attention for its speed and scale, positioning it ahead of several longstanding players in the crypto space. Commenting on the achievement, Eric expressed pride in USD1’s impressive ascent in a post on X. Very proud of this acomplishment! @worldlibertyfi https://t.co/mQqOViXPKd — Eric Trump (@EricTrump) May 9, 2025 USD1 Climbs Market…
The stablecoin law called “GENIUS Act”, which has been expected to be approved in the USA for a long time, was rejected by the US Senate. The GENIUS law was rejected in a critical vote with 48 “yes” and 49 “no” votes. US senators such as Senator Cynthia Lummis expressed disappointment over the rejection of the GENIUS Act, while a statement also came from US Treasury Secretary Scott Bessent. Scott Bessent harshly criticized the Senate’s decision to halt the advancement of the GENIUS Act. He described the GENIUS bill as a generational opportunity to expand dollar dominance and increase U.S.…
A widely followed cryptocurrency analyst and trader is leaning bullish on Bitcoin (BTC) amid the flagship digital asset’s 25% rise over the past month. The analyst pseudonymously known as Kaleo tells his 697,200 followers on the social media platform X that the prospect of Bitcoin reaching a price of $500,000 during “this bull market is more realistic than it sounds.” According to Kaleo, the appreciation of over 403% from the current level would come about amid a rally by gold, which Bitcoin has traditionally outperformed. “The current total market cap for GOLD is $22.6 trillion. My target for GOLD over…
StakeStone has partnered with Trump’s World Liberty Financial (WLFI), bringing cross-chain liquidity support for its USD1 stablecoin. USD1 users will also benefit from the firm’s sustainable yields. This partnership will remove the need for bridges, wrapping, or waiting periods when moving USD1 tokens cross-chain. Stakestone did not specify which blockchains are eligible for this support, but it has integrated more than 20 of them. StakeStone Partners with WLFI The Trump family-associated World Liberty Financial shocked the world when it launched USD1, a dollar-backed stablecoin that has attracted a lot of controversy. Still, USD1 has proven to be a success, quickly…
Ethereum’s ether ETH$2,203.75 led the market in early Asia hours as traders reacted favorably to the protocol’s recent Pectra upgrade, sending the token up nearly 20%, the biggest gain since 2021, and trading above $2100 according to market data from CoinDesk. The move comes amid a broader crypto market rally that coincided with bitcoin BTC$103,068.43 soaring past $100,000 for the first time in three months. Ethereum’s Pectra upgrade, its most substantial overhaul since the 2022 Merge, represents a sweeping protocol hard fork, as CoinDesk previously reported. The upgrade consolidates validator operations by raising the staking limit from 32 to 2,048…
The Tether Cantor Fitzgerald partnership has potentially reshaped Tether’s credibility, silencing years of skepticism surrounding USDT. Aligning with other finance giants and launching “21 Capital”, Tether appears to have quietly secured Wall Street legitimacy. The result? A Tether that’s cozier with Wall Street than most traditional banks and more institutionalized than some of its loudest doubters ever imagined. This analysis looks at Tether’s tie-up with Cantor Fitzgerald, SoftBank, and how these alliances boost Tether’s credibility, cut regulatory risks, and position the $USDT issuer as a mainstream heavyweight. Cantor Fitzgerald: Inside the Tether Cantor Fitzgerald Partnership Cantor Fitzgerald, a Wall Street…
$SUNDOG sees huge whale activity. On May 8, 2025, two newly formed wallets, TGA…Pw and TDWW…HTn withdrew together more than 40.3 million $SUNDOG tokens, amounting to nearly $2.09 million, through the Bybit crypto-exchange. These high-value transfers were monitored on the TRON blockchain through Tronscan, which measures how whales are interested in the token. Whales are accumulating $SUNDOG!2 newly created wallets, TGApPw and TDWWJ, withdrew 40.3M $SUNDOG($2.09M) from #Bybit 4 hours ago.https://t.co/bVKAlzll3hhttps://t.co/oc4E1WvpNMWallets TUbMd and TF4YHc(may belong to the same whale) have withdrawn 28.74M $SUNDOG($1.47M) from… pic.twitter.com/u1ljRDMdB8 — Lookonchain (@lookonchain) May 8, 2025 Consolidated Withdrawals from Multiple Major Exchanges Based on on-chain…
Prosecutors in the Samourai Wallet case have denied accusations that they suppressed critical evidence in their criminal case against the crypto mixing service’s two co-founders, Keonne Rodriguez and William Lonergan Hill. In a letter to the court filed Friday, prosecutors urged Judge Richard Berman of the Southern District of New York (SDNY) to deny Rodriguez and Hill’s recent motion for a hearing to litigate the government’s tardy disclosure of a conversation between prosecutors and the Financial Services Enforcement Network (FinCEN). In that conversation, which took place six months before charges were filed, FinCEN officials told prosecutors that Samourai Wallet didn’t…
Spot Bitcoin ETFs registered another consecutive day of inflows on Thursday, coinciding with the coin’s rally back above the $100,000 mark for the first time since February. None of the major ETFs saw outflows during yesterday’s session, confirming the renewed institutional confidence in the asset’s long-term trajectory. Bitcoin ETFs See Another Day of Inflows Yesterday, Bitcoin-backed ETFs recorded a net inflow of $117.46 million, down 17% from the previous day’s $142.31 million. While the slight dip may reflect profit-taking after BTC surged past the $100,000 mark, the continued inflows still signal growing investor confidence in the leading cryptocurrency. Total Bitcoin…
Aave Labs has announced a collaboration with Ant Digital Technologies in an effort aimed at building a custom RWA market on Ethereum. The partnership involves Horizon, an institutional-grade decentralized finance products platform launched by Aave Labs earlier this year. Aave (AAVE) founder Stani Kulechov said in an announcement on May 9 that the new market will target qualified users, allowing them to borrow stablecoins with their tokenized real world assets as collateral. “I‘m pleased to announce Horizon’s strategic collaboration with Ant Digital Technologies, one of the largest blockchain technology services providers in the world,” Kuchelov posted on X. “We will…