Author: NBTC
The U.S. Securities and Exchange Commission has closed its investigation into Yuga Labs, the creator of the Bored Ape Yacht Club (BAYC) NFT collection, without taking enforcement action, the company said on Monday. Yuga Labs had been under SEC scrutiny since 2022 over whether its NFT offerings and ApeCoin token distribution violated federal securities laws. The company welcomed the decision, calling it a “huge win” for the NFT industry. Yuga Labs did not immediately respond to Decrypt’s request for comment. The SEC has yet to answer questions on the reasoning behind its closure. The move comes as the SEC appears…
Eric Trump has a warning for Wall Street: adapt to crypto or go extinct. On Sunday, while traditional finance was off the clock, president Donald Trump announced the creation of a Strategic Crypto Reserve (SCR) for the United States, sending Bitcoin, Ethereum, and other cryptocurrencies soaring. Eric called the timing “genius” and took a shot at legacy finance. “Traditional finance better catch up, or it will quickly become extinct,” he said. “The world no longer runs on a Mon-Friday, 9 to 5.” Eric Trump speaking at the Student Action Summit, at Palm Beach County Convention Center in West Palm Beach,…
MORPHO jumped nearly 10% before seeing corrections, as Coinbase listed the token. The exchange recently put MORPHO on its roadmap alongside two meme coins with little price impact, but the actual listings have boosted all three assets. Morpho’s developers also announced that its smart contracts had been independently vetted and have been deployed on several major blockchains. Coinbase Lists MORPHO Coinbase, the largest crypto exchange in the US, has a history of impacting crypto prices after listing announcements. The “Coinbase Effect” is well-documented, with plenty of examples. Two weeks ago, Coinbase put PENGU, POPCAT, and MORPHO on its listing roadmap…
In the wake of the appointment of a U.S. crypto czar and the announcement of comprehensive crypto legislation, many believe the era of “regulation by enforcement” in the U.S. is over. But while the SEC and CFTC now have crypto-friendly chairmen, both state regulators and Attorneys General are poised to take their place as aggressive crypto enforcers. For years, the SEC’s aggressive “regulation by enforcement” approach stifled the growth of the crypto industry and caused many to call for a comprehensive regulatory framework that would put an end to the “war on crypto” once and for all. For this reason,…
eToro has announced the addition of five new cryptoassets: LayerZero, ZKsync, Pyth, EigenLayer, and Swell. This expansion follows the approval of a permit for eToro (Europe) Ltd, a subsidiary of the platform, by the Cyprus Securities and Exchange Commission (CySEC). LayerZero enables communication between different blockchains. ZKsync is a Layer-2 solution for Ethereum, speeding up transactions and lowering costs. Pyth provides real-time market data for DeFi platforms. EigenLayer enhances Ethereum’s security and efficiency through restaking. Swell is a staking protocol for Ethereum that integrates with DeFi platforms. New Experimental Cryptoassets Unavailable in Select Regions EigenLayer and Swell are classified as…
Bitcoin price rebounded to $89,042 after briefly plunging below $86,000 on Feb. 25. The drop, which marked a 20% decline from its all-time high, triggered $2 billion in liquidations, pushing market sentiment into “extreme fear.” Mass Liquidations Wipe Out $2 Billion, Traders Panic Amid Bitcoin Price Fall The crash hit hard, with CoinGlass logging $2 billion in liquidations over 48 hours. Longs took the worst of it as Bitcoin hit its lowest since Nov. 13, 2024. Crypto liquidations. Source: CoinGlass According to the Crypto Fear & Greed Index, crypto traders have shifted into “extreme fear” territory, a sentiment shift that…
China Asset Management has launched the first retail tokenized fund in the Asia Pacifi (APAC) region. Broadening Investor Base The Hong Kong investment firm China Asset Management recently launched a tokenized fund known as the China AMC HKD Digital Money Market Fund. The fund, which primarily invests in Hong Kong dollar (HKD)-denominated short-term deposits and money market instruments, is the first retail tokenized fund in the APAC region. According to a statement, the fund will be available through eligible distributors, including traditional brokers, banks and licensed virtual asset trading platforms. This is said to broaden the base of investors and…
Today, a prominent whale’s activity drew interest and curiosity across the cryptocurrency market. The whale unstaked huge amounts of Solana (SOL) tokens and moved the funds to exchanges, sparking rumors about a potential sell-off and effect on SOL’s price. Whale unstaked 1,366,028 SOL tokens According to data reported by Lookonchain today, the whale unstaked 1,366,028 Solana tokens (worth $198 million) and transferred them to the crypto brokerage platform FalconX. After depositing the funds into FalconX, he moved 40,202 Solana tokens ($62.6 million) to Binance and Coinbase. A whale unstaked 1,366,028 $SOL($198M) and transferred to #FalconX 7 hours ago.#FalconX has deposited…
U.S. Treasury Secretary Scott Bessent named Galaxy Digital regulatory counsel Tyler Williams to advise on digital assets and blockchain technology policy. Williams currently serves as head of Regulatory and Legislative Affairs & Regulatory Counsel at Galaxy Digital and also lectures part-time at The George Washington University Law School. He has previously worked with the government, most recently as Deputy Assistant Secretary at the Department of Treasury under Steven Mnuchin from 2018 to 2020 where he advised on digital assets. He also worked under Senator Thom Tillis in the U.S. Senate and under Congressmen Robert Hurt and John Boehner in the…
The rivalry between Ethereum and Solana has taken a new twist with the current outlook of the DEX metrics over the past month. According to data from DeFiLlama, Solana has retained the top spot per DEX volume in the past 24 hours. This volume comes in at $3.99 billion over this period. Solana edges out Ethereum again Solana has continued to dominate the DEX volume, despite a milder growth rate of 11% in 24 hours compared to Ethereum’s 29.24% rally. However, Ethereum recorded a lower DEX volume of $3.35 billion within the same period. Beyond the daily volume outlook, Solana…