Author: NBTC
The U.S. Senate Committee on Banking, Housing and Urban Affairs is set to vote on the renomination of anti-crypto SEC Commissioner Caroline Crenshaw on Dec. 18. The vote was initially supposed to be held earlier this week, but it was then postponed, jeopardizing Crenshaw’s chances to secure another term in the agency. If the committee votes in favor of her renomination this week, she will continue to serve as a commissioner until 2029. Crenshaw is known for being even more anti-crypto than SEC Chair Gary Gensler. She opposed green-lighting Bitcoin exchange-traded funds earlier this year, breaking with the agency’s boss.…
Kraken, the seventh-largest crypto exchange, said its layer-2 rollup network, built on top of the Ethereum blockchain, has gone live. The network, called Ink, is based on the OP stack, a customizable framework that lets developers build their own rollups using Optimism’s technology. The team had originally planned for Ink to go live in early 2025, so the launch of its main network is ahead of schedule. We’re excited to announce Ink is live on mainnet!Months ahead of schedule, we’re officially launching as part of the Optimism Superchain. This is just the beginning of our journey to bridge the gap…
Bitcoin forms converging triangles near $90K and $100K, signaling potential breakout levels. Analysts suggest Bitcoin might cross $100K multiple times before sustained gains. The $100K mark could act as both a key resistance level and a psychological milestone. Currently, the flagship Cryptocurrency is in the middle of the critical period and the important unprecedented convergence of the triangles indicates the essential movement of the price. The technical view has it that Bitcoin may range around that 100,000 levels several times before going up to areas. This pattern simply reinforces the fact that in the world of cryptocurrencies investors and traders…
On the surface, Ethereum (ETH) looks almost unchanged, with around 500K daily active wallets and daily transactions at a baseline level of around 1.3M. That’s because most of the Ethereum ecosystem’s growth in 2024 came from L2 chains. Ethereum’s importance in 2024 came from growth “hidden” in L2 chains. The main network carried up to 1.3M daily transactions, with no dramatic spikes in activity. However, Ethereum is as active as ever, only scaled by its busiest L2 chains. Throughput measures the number of transactions and their complexity. | Source: Growthepie L2 activity on the top 5 networks led to over…
The closer we get to the end of the year, the more heightened are the expectations of crypto market participants, and in particular the XRP community, about the release of the Ripple USD (RLUSD) stablecoin from the San Francisco-based crypto company of the same name. Previously, Ripple’s CEO said that RLUSD is expected to be released in 2024, and with two weeks left until the new year, there is less and less time for the release. Ripple USD has already received listings on major exchanges and wallets in the XRP ecosystem, where, however, some oddities have been noticed with the…
A photo of Ripple’s chief legal officer, Stuart Alderoty, standing next to entrepreneur and Department of Government Efficiency (D.O.G.E.) co-chair Vivek Ramaswamy, has gone viral in recent days. The image, shared by Alderoty on social media, is accompanied by a pointed commentary on Ripple’s history with the SEC and the urgent need for accountability. For those following the San Francisco company’s trajectory closely, this encounter may be more than a casual encounter. Alderoty’s post revisited Ripple’s legal battles, particularly its efforts to counter what it sees as selective enforcement by the SEC under Gary Gensler. Earlier this year, Ripple emerged…
BlackRock’s iShares Short Maturity Municipal Bond ETF, also known as MEAR, just made history by purchasing municipal bonds issued and settled entirely on blockchain. The bonds, issued by Quincy, Massachusetts in April, were sold using JPMorgan Chase’s private blockchain platform. This deal handled everything from issuance to settlement on the blockchain, completely bypassing traditional methods. The Quincy transaction involved $6.5 million in municipal debt purchased by BlackRock, a huge player in the financial world. A BlackRock spokesperson reportedly called it a part of their actively managed ETF, MEAR, which holds $750 million in client assets and has been in operation…
Bitcoin exchange-traded funds saw a positive shift this week, attracting $2.73 billion in inflows, with analysts expecting even greater momentum as Bitcoin has managed to surpass $100k. The 12 Bitcoin ETFs recorded positive inflows throughout the week, driven by optimism about a more crypto-friendly regulatory environment under President-elect Donald Trump, who recently appointed pro-crypto former federal regulator Paul Atkins as SEC chair, succeeding the anti-crypto Gary Gensler. The highest inflows of the week, totaling $766 million, were recorded on Dec. 5, alongside a 50% surge in daily ETF trading volume, as Bitcoin soared past the elusive $100K mark to a…
After facing rejection at the critical $4K resistance and retracing to the $3.5K support level, Ethereum witnessed a strong resurgence of buying pressure, triggering another impulsive rally. The price has once again approached the $4K resistance, where a potential breakout could ignite a short-squeeze, driving Ethereum higher. Technical Analysis By Shayan The Daily Chart Ethereum recently faced a rejection at the pivotal $4K resistance, triggering a decline to the critical $3.5K support level. This range has proven to be a key demand zone, attracting significant buying pressure. As a result, the market witnessed a strong rebound, driving the price back…
Solana’s daily net inflows have surpassed all other major blockchains, including Sui, Base, Arbitrum and Ethereum. On Dec. 15, the Solana network accumulated net inflows of $12 million. According to data from Artemix.XYZ, Solana (SOL) recorded the highest number of daily net inflows among the top 20 major blockchains on Dec. 15. Solana’s net inflow of $12 million was larger than the other two blockchains in the top 3, Arbitrum (ARB) and Sui (SUI), combined. Solana regained the top spot a month after the blockchain last held it on Nov. 17 with $17.6 million. On Dec. 15, Solana dethroned Arbitrum,…