Author: NBTC
On May 26, Coinbase, a leading U.S.-based cryptocurrency exchange, took to X (formerly Twitter) to announce new crypto listings involving eight new cryptocurrencies. The exchange officially confirmed the listings today, revealing that they are only available for trading to its German users. Apparently, the move positions Coinbase for wider adoption among crypto enthusiasts across the German region. New crypto offerings for German users According to the announcement, Coinbase will now allow its users within Germany to buy and sell Rocket Pool (RPL), Reserve Rights (RSR), Pudgy Penguins (PENGU), Renzo (REZ), Aethir (ATH), Syrup (SYRUP), Pendle (PENDLE), and Layer3 (L3). German…
Crypto traders and investors will witness approximately $3 billion worth of Bitcoin (BTC) and Ethereum (ETH) options expire today. Expiring options tend to cause notable price volatility, meaning crypto market participants should monitor today’s developments closely and possibly adjust their trading strategies around 8:00 UTC. $2.95 Billion Bitcoin and Ethereum Options Expiring Data on Deribit shows that 26,949 Bitcoin contracts will expire today. The expiring options have a notional value of approximately $2.6 billion. The maximum pain point at which the asset will cause financial losses to the greatest number of holders is $91,000. At this point, most contracts will…
Ethereum has demonstrated remarkable strength in recent trading, forming a clear uptrend with higher lows and higher highs while reclaiming the critical $2,550 pivot level. The price action shows a convincing rebound from the $2,470-$2,495 demand zone, though technical indicators suggest caution as ETH approaches the significant $2,800 resistance level where on-chain data reveals a cluster of investor cost basis that could increase selling pressure. Global economic tensions and ongoing trade disputes continue to cast shadows over crypto markets, yet Ethereum’s resilience stands out amid the uncertainty. Technical Analysis Highlights ETH formed a clear uptrend with higher lows and higher…
During a Friday appearance on CNBC, Tether CEO Paolo Ardoino stated that USDT is the stronghold for the US dollar hegemony. “We are a company that created three new important features for currency. The first one is financial inclusion…That is a great feature. But then, on top of that, we are spreading the US dollar hegemony. I mean, I think that we are the stronghold… we are the stronghold for the US dollar hegemony,” he said. Ardoino has stressed that Tether now owns more U.S. Treasuries than such countries as Germany, Spain, and Australia. “If we were a nation, we…
U.S. Treasury Secretary Scott Bessent told Bloomberg earlier this Friday that the world’s largest economy is “going big” on digital assets. According to Bessent, a lot of companies were “starved” and almost pushed to extinction by the previous administration. The new administration is focused on promoting crypto growth while applying the highest regulatory standards, according to Bessent. “So, what we want to do is to apply the highest US regulatory AML standards to digital assets, especially stablecoins,” he stressed. Speaking of stablecoins, Bessent said that stablecoins could create roughly $2 trillion worth of demand for U.S. Treasuries and Treasury bills…
The defense for former SafeMoon CEO John Karony summarized its case late on Tuesday, May 20, hoping to cast doubt on prosecutors’ compelling evidence. Karony is charged with conspiracy to commit wire fraud, securities fraud, and money laundering in connection with SafeMoon, a crypto token that saw a wild surge in popularity and market value in early 2021, at the peak of a crypto bull market rife with frauds. Prosecutors have convincingly demonstrated that Karony misrepresented the mechanics of SafeMoon, including its purportedly “locked” liquidity pool and the flow of revenue from exchanges, including BitMart, which traded the token. Nicholas…
The Internet Capital Markets meta, which involves turning app ideas into tradable assets, is gaining traction within the crypto community. Among the most talked-about tokens on platforms like X (formerly Twitter) is Launch Coin (LAUNCHCOIN). It has grown substantially in the past few days, reaching a $100 million market cap. Following this are Dupe (DUPE) and CreatorBuddy (BUDDY), both of which have seen their market capitalizations reach double digits. Launch Coin (LAUNCHCOIN) LAUNCHCOIN is the Believe app’s token. This platform is at the center of the Internet Capital Markets trend. It simplifies token creation by allowing users to mint their…
XRP lawyer Bill Morgan has directly confronted Senator Cynthia Lummis about a potential loophole in stablecoin legislation. The loophole could give Tether’s USDT an unfair advantage over American-issued stablecoins. Morgan’s challenge comes amid growing criticism of the Senator’s approach to cryptocurrency regulation. Questioning Lummis’s Refusal to Meet Ripple CEO Brad Garlinghouse Morgan questioned whether concerns over the controversial provision may be the reason Senator Lummis declined to meet with Ripple CEO Brad Garlinghouse. The XRP lawyer suggested the Senator may have wanted to avoid discussing how the loophole could benefit USDT while disadvantaging compliant American stablecoin issuers like Ripple’s RLUSD.…
Analyst and trader Kevin Svenson is leaning bullish on Bitcoin (BTC) amid the flagship crypto asset rising by over 15% over the past month. Svenson tells his 82,800 YouTube subscribers that, based on the Moving Average Convergence Divergence (MACD) indicator, a tool used to identify changes in market trends and sentiment, Bitcoin bears have begun losing momentum on the weekly time frame. The crypto trader and analyst further says that Bitcoin is “shaping up with an ascending triangle” on the four-hour time frame. An ascending triangle pattern is a bullish formation that’s confirmed when the price breaches the upper horizontal…
Economists at the banking giant Wells Fargo think the Trump Administration’s tariff policies are unlikely to reshore a significant number of manufacturing jobs in the US for the “foreseeable future.” Sarah House, Nicole Cervi and Aubrey Woessner argue in a new analysis that higher prices and policy uncertainty could impact US firms’ capability to expand payroll. “As downstream industries face higher costs, they must decide whether to absorb them and accept lower margins, pass them onto customers via higher selling prices or a combination of the two. Neither avenue is supportive of employment growth.” The economists say that reshoring manufacturing…