Author: NBTC
Despite once denouncing digital assets, the former and future president Donald Trump is becoming increasingly associated with cryptocurrencies. Part of the reason for this perceived connection stems from the Republican President-Elect’s substantial crypto portfolio, whose value, at press time on January 10, stands at $11.42 million. The holdings themselves are interesting as there is but a handful of well-known coins and tokens among their numbers. For example, despite the bullish rhetoric about Bitcoin (BTC), Trump doesn’t hold any BTC. Donald Trump’s crypto portfolio revealed Instead of the widely recognizable digital assets, the incoming President holds Ethereum (ETH), wrapped Ethereum (WETH),…
January 10, 2025 – As discussed in our prior columns, the Securities and Exchange Commission (SEC) has pursued a multitude of enforcement actions concerning the purchase and sale of crypto assets. These matters have expanded to encompass a broad swath of activity and have engendered substantial uncertainty and criticism from members of the digital asset industry and beyond. Now, some states, nonprofits and industry participants have begun to proactively file lawsuits against the SEC seeking injunctive and other relief relating to a host of securities-related issues. The impact of these suits remains to be seen. There could also be seismic…
Kroma Network, the top stage 2 L2 on the Ethereum ecosystem, has announced its exclusive partnership with W3GG (a decentralized network for gamer talent). The partnership aims to transform the wider Web3 gaming landscape within the Southeast Asia. The platform provided the details of this collaboration in an exclusive X post. 💚 Kroma 🤝 @w3ggofficial 💛We’re thrilled to partner with W3GG, the exclusive partner of #YGG in Southeast Asia, to reshape the Web3 gaming landscape and onboard new users into the Kroma ecosystem.🎮Through this partnership, we’ll collaborate on initiatives to showcase… pic.twitter.com/VYqim3O4jU — Kroma (✳️_✳️) (@kroma_network) January 13, 2025 Kroma…
As of January 6, SoSoValue’s recent data update indicates that the daily net inflow for Bitcoin ETFs reached $987.06 million, while the cumulative total net inflow was $36.90 billion. The total value traded stood at $3.96 billion, as the total net assets for ETFs amounted to $116.67 billion, representing 5.77% of BTC’s market cap. On the other hand, US Ethereum Spot ETF’s total daily net inflow was recorded at $4.62 million. The cumulative total net inflow amounted to $2.64 billion, while the total net assets reached $13.25 billion. This accounts for 3.01% of Ethereum’s market capitalization, while the total value…
A Hail Mary filing by an appointee of Joe Biden’s outgoing presidential administration seeks to hold crypto wallet developers liable for any fraud or erroneous transactions impacting users—but the move is almost certain to be quashed once Donald Trump takes office later this month. The Consumer Financial Protection Bureau today announced a new proposed interpretive rule that would grant it the authority to regulate digital asset wallets as financial institutions offering electronic funds transfers. Doing so would allow the Bureau to hold wallet providers like MetaMask and Phantom responsible for fraudulent or erroneous, “unauthorized” transactions. The agency, which was created…
The developers of wholesome Telegram game Farm Frens and soon-to-launch strategy game Everseed have announced a snapshot date to determine eligibility for an upcoming airdrop. This comes ahead of its token launch on Ethereum layer-2 network Base, which is set for sometime in January. Farm Frens has carried the Telegram torch from games before it like Notcoin and Hamster Kombat, adding a FarmVille-esque spin on the genre. Players earn and spend in-game currency to expand and upgrade their farms, gradually progressing as they build up a potentially larger share of the future token airdrop on Base. 📸 FARM FRENS SNAPSHOT…
Tether executives are reportedly spending large amounts of money on luxurious El Salvador real estate and becoming El Salvadorian citizens. That’s according to local news outlet El Faro, which collected the deeds of properties being bought up by the company’s Chief Financial Officer Giancarlo Devasini, Chief Exec Paolo Ardoino, and Chief Operating Officer Claudia Lagorio. On July 31, 2024, Ardoino and Lagorio reportedly bought two plots of land worth a total of $1.7 million in a luxury golf resort called the Condominio Villanueva Golf Country Club that doubles up as a residential area called El Encanto. Property deeds revealed Ardoino…
Eric Trump flew across the world to headline a cryptocurrency conference in the United Arab Emirates this week and told thousands of enthusiastic attendees that he and his father, the U.S. president-elect, were effectively working in tandem to push crypto, a business sector the family is directly invested in. The message was notable because it contrasted drastically with the promise the family made when Donald J. Trump entered the White House eight years ago, to keep business and government operations separate. Eric Trump said he had even phoned his father — “Pops,” he said he calls him — to celebrate…
China’s economy is a disaster, and it’s no secret. The government’s latest attempt to stabilize the yuan and calm the markets is falling flat, leaving traders and analysts unimpressed. Despite frantic efforts by the People’s Bank of China (PBOC), the yuan is dangerously close to the weak end of its trading band, and bond yields are just barely above record lows. Stocks? They’re tanking. The MSCI China Index is down nearly 20% since October, edging closer to bear market territory. Analysts say China’s financial markets need more than these half-measures to recover. What’s missing is real monetary and fiscal firepower,…
As crypto fan Donald Trump prepares to take the reins of the government, the U.S. Consumer Financial Protection Bureau has pitched new regulations that would have a significant impact on stablecoin issuers and wallet providers, though the proposal’s future remains in question. The CFPB took the first procedural step to open a proposal to public comment on Friday that would set up a framework to apply the Electronic Fund Transfer Act to virtual wallets and stablecoins – the digital tokens tied to the value of a steady asset, commonly the U.S. dollar. While that has heavy implications to the way…