Author: NBTC
David Portnoy doubled down on his meme token drive, launching GREED, another high-risk meme. Portnoy sniped a big portion of the supply early on, while traders later posted deep losses. David Portnoy launched GREED, another meme token with a high-risk profile. The launch arrived just days after Portnoy caused deep losses through the Jailstool token, and later shilled for LIBRA, the failed meme token supposedly backed by Argentina. This time, Portnoy performed an even more blatant rug pull. He bought 35.79% of the supply, then sold all the tokens in a single transaction, making the price tank by 99%. The…
A Trump family representative held talks to buy a stake in Binance’s U.S. arm, according to a Wall Street Journal report on Thursday. The stake could have been acquired through Trump-family backed crypto project World Liberty Financial, the report said, citing people familiar with the matter. Steve Witkoff, a friend of the U.S. president, was involved in the deal talks, the report added. Witkoff and his family founded World Liberty Financial two months before Trump was elected President in November. The talks started last year after Binance reached out to Trump’s allies offering to reach a deal with the family…
Paolo Ardoino, CEO of Tether, stated today that USDT stablecoin adoption in developing nations effectively creates a decentralized market for US debt, positioning everyday people as indirect purchasers of American treasuries through Tether’s reserves. Speaking at the Bitcoin Policy Institute, Bitcoin for America event, Ardoino highlighted Tether’s significant role in maintaining US dollar dominance globally while simultaneously warning about BRICS nations’ potential challenge to this supremacy through gold accumulation. The CEO described USDT as serving a temporary “bridge” function in emerging markets where people need access to the US dollar for savings. Ardoino warned that BRICS nations are actively seeking…
Galaxy’s Head of Research, Alex Thorn, has refuted claims that Murad Mahmudov, a meme coin analyst, sold his SPX6900 (SPX) tokens to them. Reports alleged that Murad conducted the sale through over-the-counter (OTC) transactions to bypass on-chain activity. Did Murad Really Sell His SPX Tokens? According to the rumors circulating on social media platform X (formerly Twitter), Murad offloaded $20 million worth of SPX tokens for $13 million. He bypassed on-chain transactions to avoid public scrutiny. Moreover, users noted that the situation extends beyond a simple token sale. The claims suggested that Galaxy acquired Murad’s seed phrase, granting them control…
President Donald Trump plans to sign another cryptocurrency-related executive order, possibly as soon as this week, that takes aim at anti-crypto policies of the Joe Biden administration that made it difficult for company companies to obtain banking services, sources familiar with the matter told Decrypt. The order will likely seek to explicitly roll back the rules and regulatory initiatives associated with “Operation Chokepoint 2.0,” an alleged Biden administration plot to deny banking services to crypto companies and executives, sources said. When asked, the White House’s Presidential Working Group on Digital Assets Executive Director Bo Hines confirmed the executive order is…
At 9am today, five Wall Street Journal journalists published a claim that Binance founder Changpeng Zhao (CZ) is seeking a presidential pardon from Donald Trump. Their reporting acknowledges CZ’s completion of a four-month prison sentence and claims that unnamed sources familiar with the matter believe CZ has pushed forward with his request despite already serving a sentence. Although the reporters do not speculate on other misdeeds, a US president has the sole authority to preemptively pardon for crimes for which an individual does not yet have a conviction. Per Article II, Section 2, Clause 1 of the US Constitution and…
Bitdeer Technologies Group announced its SEAL03 wafer achieved a record 9.7 joules per terahash (J/TH) efficiency during testing, while confirming plans to begin mass-producing its Sealminer A3 mining rigs in late 2025. With 9.7 J/TH Milestone, Bitdeer Advances Sealminer A3 Toward 2025 Rollout The SEAL03 chip, designed for Bitdeer’s next-generation Sealminer A3 machines, demonstrated its 9.7 J/TH efficiency in prototype tests under low-voltage, ultra power-saving conditions. This marks a significant step in improving energy efficiency for bitcoin mining hardware, a critical factor as the industry faces tightening margins. Mass production of the Sealminer A3 is expected to commence in the…
Bitcoin may be set to stage a massive rally, at least according to one prominent analyst. In an X post on Wednesday, February 19, highly followed crypto analyst “Titan of Crypto” suggested that Bitcoin could be “about to take off.” The analyst expressed this view, citing the stochastic relative strength index, a marriage of two widely used technical indicators used to identify price extremes when an asset’s price is overbought or oversold. Titan of Crypto noted that the StochRSI on Bitcoin’s weekly timeframe was currently oversold. This typically marks an accumulation or re-accumulation phase before an upswing. Bitcoin StochRSI oversold…
Speaking at the CERAWeek energy conference in Houston, BlackRock CEO Larry Fink didn’t mince words about the economic impact of America’s increasingly nationalistic policies. Fink directly linked potential inflation to mass deportations and a shrinking workforce in key sectors like agriculture and construction. Fink warned that tighter immigration restrictions and a rise in nationalism could lead to higher inflation. He admitted that while nationalistic policies are popular, their economic impact on the labor market could send prices soaring. He specifically called out agriculture, pointing out that many farm workers are foreign-born and vulnerable to deportation policies. He also flagged the…
Amid the recent flurry of controversial meme coins on Solana, Uniswap CEO Hayden Adams has weighed in, claiming that flawed launches are often intentional rather than accidental. His statement has ignited further debate within the crypto community, especially in light of recent high-profile token scandals. Hayden Adams Says Messed Up Token Launches Are Likely Intentional The Uniswap Labs executive remarked in a post on X (Twitter), inadvertently calling out deployers of controversial token launches. “It’s not that hard to do a good/fair token issuance. So if a token launch is messed up, it’s probably by design,” Adams wrote. Adams’ statement…