Author: NBTC

World Liberty Financial was marketed as a “governance token” that would make the platform “community-governed.” Strangely, despite the fact that there are over 80,000 wallets holding the token, very few of these holders have wanted to participate in the governance process. Indeed, there’s not been a single post in the governance forum for the project since January 9, well over a month ago. This is the same governance forum where the World Liberty team itself seems to be using AI to generate posts full of falsehoods. Read more: Who is behind World Liberty Financial, Trump’s new crypto? For comparison, AAVE…

While Bitcoin (BTC) broke new records by surpassing its previous ATH seen in the 2021 bull run, Ethereum (ETH) draws attention with its weak performance. At this point, ETH still hasn’t surpassed its ATH of over $4,890 from three years ago (November 2021), while its price continues to trade around 44% lower. However, options traders are bullish on Ethereum in the medium term. Nansen research analyst Nicolai Sondergaard said that Ethereum options traders are bullish. Accordingly, Nansen analyst stated that more than 70% of the open interest of the options is in call contracts, and said that more and more…

Standard Chartered Bank, Animoca Brands, and HKT have announced a joint venture to develop and issue a Hong Kong dollar-backed stablecoin under the city’s new regulatory framework. Standard Chartered, Animoca Brands and HKT to Launch HKD-Backed Stablecoin Joint Venture The partners plan to apply for a license from the Hong Kong Monetary Authority (HKMA) as part of the government’s effort to establish the region as a global digital asset hub. Strategic Collaboration for a Regulated Stablecoin The partnership brings together expertise in banking, Web3 and telecommunications: Standard Chartered will leverage its bank-grade infrastructure and experience in global stablecoin markets. The…

A crypto whale has recently experienced massive losses. As per Lookonchain, the crypto whale, formerly having pocketed $10M in gains in $swarms, has lost $63,400 in $SOL, indicating the highly risky nature of the crypto trading. The on-chain analytics provider provided the details of this incident on social media. A whale who made over $10M profits on $swarms lost 298 $SOL($63.4K) by accidentally purchasing the wrong token. Since Dec 20, this whale bought 58.95M $swarms($12.48M) at $0.038, making a profit of 10.25M, bought 29.52M $ZAILGO($2.67M) at $0.024, making a profit of $1.96M, and… pic.twitter.com/Ra8v6B3Sb8 — Lookonchain (@lookonchain) January 3, 2025…

Argentine President Javier Milei will visit Washington this week to ask for US President Donald Trump’s help in securing funds from the International Monetary Fund (IMF) while negotiating an exemption from trade tariffs proposed by the Trump administration. The visit comes as Milei faces backlash at home over his “brief” promotion of the memecoin LIBRA, which investors and lawyers claim was a rug pull project. The Argentine leader hopes to meet with former President Trump as part of his push for a new IMF agreement to stabilize his country’s struggling economy. As reported by local news publication Buenos Aires Herald,…

Swiss blockchain infrastructure provider Taurus has announced a new confidential token standard for institutions. Taurus, a Swiss digital asset infrastructure provider backed by Deutsche Bank and Credit Suisse, has introduced an open-source confidential token standard for debt and equity tokenization for financial institutions to tokenize financial assets on public blockchains while keeping customer privacy intact. The smart contract is designed in collaboration with the Aztec Foundation to give issuers control over who can see information about tokenized assets without compromising compliance, the Swiss firm said in a press release shared with crypto.news. The tech uses Aztec Network’s layer-2 protocol and…

Giw Zanganeh, VP of Energy and Mining at stablecoin giant Tether, has announced a new initiative to amend Switzerland’s constitution in order to add Bitcoin to the balance sheet of the Swiss National Bank (SNB). Earlier today, it was published in the Federal Gazette (Bundesblatt), which kickstarts the signatures collection phase. The initiative will have to secure a total of 100,000 manuscript signatures from Swiss citizens until June 30. If successful, it will be reviewed by the Swiss Federal Assembly, the country’s the federal bicameral parliament. The reserves of the SNB are diversified across various fiat currencies and vast gold…

Sky (formerly MakerDAO) governance is grappling with the implications of an emergency proposal executed today that alters MKR’s role within the ecosystem. Pitched as a necessary move to protect protocol security, these changes’ swift approval has instead ignited debates over transparency, process integrity and the risk implications for DAI/USDS. The proposal eliminates the longstanding 5% exit fee on MKR withdrawals, significantly expands borrowing against MKR collateral and raises borrowing rates — while simultaneously lowering liquidation thresholds. Critics argue these measures increase the protocol’s risk of exposure, particularly given that MKR now has one of the highest loan-to-value (LTV) ratios in…

Ethereum (ETH) price is turning bullish after weeks of trading below $3,000, a level it has not broken since February 2. The shift comes as capital appears to be flowing out of Solana and into Ethereum, with stablecoin inflows and rising TVL supporting its momentum. Meanwhile, Ethereum’s price chart shows short-term EMAs moving higher, signaling a potential golden cross that could push ETH toward $3,020. If this trend continues, ETH could see a 22% rally, while a failed breakout may lead to another retest of key support levels. Stablecoin Assets are Flowing From Solana to Ethereum Amid controversy surrounding Solana…

Cardano (ADA) has again breached the $1 mark, pushed by bullish sentiment in the cryptocurrency market. ADA users have bet heavily on the coin, as revealed by a significant uptick in Open Interest (OI). The 9.7% surge took place in the last 24 hours. Binance leads Cardano Open Interest trend CoinGlass data, a crypto analytics platform, shows that the Cardano Open Interest surge saw futures traders committing 893.31 million ADA, a return to peak levels. This is worth $953.47 million at current market value. This indicates confidence and sustained interest from investors in the Cardano community. Interestingly, the figures were…