Author: NBTC
Crypto veteran Arthur Hayes thinks Bitcoin’s (BTC) short-term price outlook will be decided by US politics. The BitMEX founder says on the social media platform X that it’s currently time to “chill out, retrace and wait.” “If Trump can’t pass his budget which spends more and hikes debt ceiling, resume capitulation to levels pre the election day victory: $75,000 to $70,000. This is test of how strong Trump’s hold is on the Republican party.” Source: Arthur Hayes/X Hayes also suggests that a lot of the hedge funds that bought BlackRock’s iShares (IBIT) spot Bitcoin exchange-traded fund (ETF) could sell soon…
Asset management firm Volatility Shares has filed with the U.S. Securities and Exchange Commission (SEC) to launch three new exchange-traded funds (ETFs) tied to Solana futures. However, the offering faces a unique hurdle, as no Solana futures products are currently available on any Commodity Futures Trading Commission (CFTC)-regulated exchange. According to the fund’s prospectus, the proposed ETFs would invest only in futures contracts traded on CFTC-registered exchanges. This is questionable since Solana futures contracts do not yet exist and there is no approved spot Solana ETF. “This is crazy,” Bloomberg ETF analyst Eric Balchunas said in a post on social…
Paradigm Operations LP has officially submitted a proposal to the U.S. Securities and Exchange Commission (SEC) Crypto Task Force, pushing for regulatory clarity on how to handle digital asset distributions through airdrops. This proposal is about growing concerns in the crypto market regarding the regulatory status of airdrops, a common method of distributing digital assets. The firm seeks clear guidelines from the SEC to help industry participants resolve the questions around the legal status of these distributions under U.S. securities laws. .@paradigm met last week with @HesterPeirce’s @SECGov Crypto Task Force, specifically to discuss airdrops + how the SEC should…
Gibraltar – Deploying a blockchain just got easier. Aurora Labs has unveiled a game-changing automation feature in its Cloud Console, allowing anyone—regardless of technical expertise—to launch a custom chain in under a minute, with zero manual setup.—This marks a major milestone in Aurora’s 2025 roadmap, which aims to revolutionize blockchain infrastructure within the NEAR ecosystem. By removing the barriers to custom chain creation, Aurora Cloud Console (ACC) empowers businesses and developers to spin up tailored blockchain environments instantly.Key Features of Aurora Cloud ConsoleOne-click deployment: No coding requiredCustomizable configurations: Permissions, base tokens, gas fees, and integrationsLive monitoring: Real-time transaction tracking and…
In a noteworthy move in the crypto market, an anonymous wallet has made a significant Ethereum ($ETH) withdrawal. As per the data from Lookonchain, the anonymous extracted $2.9M in $ETH and converted it to $VIRTUAL, raising speculations among the crypto community. Someone created a new wallet and withdrew 854 $ETH($2.9M) from #Coinbase to buy 851,387 $VIRTUAL. #VIRTUALhttps://t.co/18J5HC3x5P pic.twitter.com/D951MVZ2uC — Lookonchain (@lookonchain) December 29, 2024 This notable $ETH withdrawal and conversion indicates a substantial shift in overall investor activity. Moreover, the development also denotes greater confidence in the $VIRTUAL token. Hence, the lesser-known crypto asset $VIRTUAL is seemingly getting notable traction…
The SEC has recently adopted a more flexible attitude towards staking, a key practice in the Ethereum ecosystem and in the services offered by Metamask. The approval of the 21Shares Ethereum ETF with the staking feature suggests a change in the regulator’s strategy, which could also influence the lawsuit filed against Consensys. The company has been accused of operating as an unregistered broker and facilitating transactions that the SEC considers unauthorized securities. However, the federal agency may now reconsider its position, potentially leading to the closure of the case. The SEC Approves 21Shares Ethereum ETF with Staking Feature Possible SEC…
The fourth quarter of 2024 marked a period of great growth for Rootstock, which reached its all-time high in terms of Total Value Locked (TVL) and recorded a significant increase in revenue on a year-over-year basis. The quarterly report published by Messari e RootstockLabs highlights key data that underline the expansion of the ecosystem and the strengthening of its flagship applications. A record quarter for Rootstock’s TVL Exponential growth of revenues on an annual basis A record quarter for Rootstock’s TVL The TVL of Rootstock reached a new all-time high in December 2024, reaching 254.9 million dollars. This figure represents…
Dubai’s regulator is planning to introduce new rules requiring crypto business to disclose names of large holders. Crypto investors holding large sums in Dubai could soon have their identities revealed to authorities as part of a new push to protect consumers in the city’s growing virtual asset market. The Virtual Assets Regulatory Authority plans to require licensed crypto issuers and service providers to disclose the names of major crypto holders, or “whales,” especially if most tokens are owned by a creator or institution. VARA’s boss Matthew White explained in an interview with The Standard that the move could help investors…
Alibaba Cloud, a prominent cloud computing platform, has announced an exclusive partnership with ZetaChain, an L1 blockchain offering cross-chain transfers. The partnership targets to drive the worldwide adoption of Web3 and blockchain technologies. The platform took to social media to reveal this development. With Alibaba Cloud’s cutting-edge infrastructure, supported by @CloudicianTech, we’re excited to join forces with @zetablockchain to enhance the network’s decentralization, security, and scalability while empowering developers to build Universal Apps that natively access all… https://t.co/95PfCC9USa — Alibaba Cloud (@alibaba_cloud) February 24, 2025 Alibaba Cloud and ZetaChain Join Forces to Offer Comprehensive support for Developers Alibaba Cloud is…
Bitcoin price failed to surpass $100,000 and corrected gains. BTC is back below $96,500 and might revisit the $93,200 support zone. Bitcoin started a fresh decline from the $99,400 zone. The price is trading below $96,500 and the 100 hourly Simple moving average. There was a break below a connecting bullish trend line with support at $98,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase if it stays above the $95,000 support zone. Bitcoin Price Dips Again Bitcoin price started a decent upward move above the $96,500 resistance zone. BTC…