Author: NBTC
Dan Gambardello, a well-known Cardano bull and crypto analyst, has uncovered a surprising connection between Cardano and Paul Atkins, the incoming SEC Chair. Atkins, who reportedly holds up to $6 million in crypto assets (excluding Bitcoin), is currently undergoing the Senate Banking Committee’s screening process. Industry commentators believe his leadership at the SEC could significantly redirect the current state of crypto regulation. In his latest video, Gambardello highlights how the former SEC Commissioner’s past involvement with Cardano could influence the future of the blockchain and crypto industry. Paul Atkins’ Link to Cardano Gambardello pointed out that Atkins, the nominee to…
In this era of exciting collaborations, Venkate Exchange has announced its strategic alliance with Broken Bound. Combining the secure and credible trading platform of Venkate with Broken Bound’s provision of secure liquidity for meme coins, this synergy aims to enhance multi-chain DeFi. To celebrate this collaboration, these platforms have also announced a giveaway. This collaboration has been announced by both platforms on their official X accounts. 🚀 Big News! Broken Bound x Venkate Partnership!🤝 Broken Bound and Venkate are joining forces to enhance multi-chain DeFi, boosting liquidity and seamless asset transfers across BTC, Ethereum, and BNB! 🔥 To celebrate, we’re…
The average stablecoin liquidity per token declined from $1.8 million in 2021 to just $5,500 in March 2025, a 99.7% drop, forcing protocols to demonstrate sound reasons for investors to hold. According to a recent report by research firm Decentralised, the drop illustrates how rising token issuance, now surpassing 40 million assets, has diluted available capital without a corresponding increase in demand or user retention. The report frames this trend as evidence of a zero-sum dynamic in crypto capital allocation, where the influx of new tokens outpaces the expansion of capital pools, resulting in lower liquidity, weaker communities, and diminished…
In Italy, there is a specific law on cryptocurrencies that came into effect two years ago, but some points are still not entirely clear. One of these concerned the calculation of taxes on crypto payments, because the law did not specify it in an explicit, evident, and clearly understandable way. This point was clarified yesterday by the Italian government itself, with an official response to a question from the honorable Giulio Centemero. Taxes on capital gains from crypto payments in Italy Capital gains on crypto payments The fiscally significant events Taxes on capital gains from crypto payments in Italy The…
Binance Wallet has introduced its new CEX-to-DEX trading feature, which allows users to trade cryptocurrencies on decentralized exchanges using their Binance Exchange account balances. This new functionality supports transactions across multiple networks, including Ethereum, Solana, Base, and BNB Smart Chain. This latest innovation from Binance Wallet opens up decentralized trading by allowing users to leverage their existing exchange funds for transactions on Binance Wallet. According to the company’s official statement, this feature eliminates the need for manual transfers between exchange accounts and wallets, making on-chain trading more convenient and efficient. With the rise of decentralized cryptocurrency exchanges, it was recently…
PNC Bank has significantly increased its investment in spot Bitcoin exchange-traded funds (ETFs), according to recent SEC filings. The bank, which manages $325 billion in assets, now holds $67 million in Bitcoin ETFs. This marks a substantial rise from its $10 million exposure reported in the first quarter of 2024. Bitcoin ETFs Suffer From Outflows Despite Institutional Influx Despite this institutional growth, spot Bitcoin ETFs in the U.S. experienced net outflows on Feb. 6. Data from SoSoValue indicates that the 12 Bitcoin ETFs saw $140.3 million in withdrawals, reversing a two-day inflow streak that had totaled $407 million. Fidelity’s FBTC…
Recent speculation within the XRP community has sparked discussions about a possible SWIFT-XRP integration through EastNets, a SWIFT Certified Service Bureau. In a tweet, prominent XRP community figure WrathofKahneman provided a closer look at the subject. He clarified that while Ripple’s technology is being used within SWIFT-connected platforms, direct XRP integration has not been confirmed. The Origin of the Buzz: EastNets’ PaymentSafe Platform The buzz began with a community post highlighting EastNets’ PaymentSafe platform, which appears to facilitate Ripple-based messaging within SWIFT’s framework. Some reports speculated that this could mean XRP is being processed through SWIFT. However, the actual implementation…
Nigeria continues its legal battle with Binance. The government is seeking the return of British-Kenyan national Nadeem Anjarwalla, who escaped custody in March. Anjarwalla, Binance’s regional manager for Africa, and US citizen Tigran Gambaryan were detained in February 2024. They had travelled to Nigeria to discuss allegations that Binance’s operations had contributed to the depreciation of the naira, Blockhead reported. Nigeria’s Economic and Financial Crimes Commission (EFCC) later charged the exchange and its executives with five counts of money laundering. Anjarwalla fled to Kenya while his UK passport remained in Nigerian custody. Nigeria’s Information Minister, Mohammed Idris, said authorities, along…
Bitcoin’s price performance remains subdued, with the cryptocurrency trading above $97,000 at the time of writing—a roughly 6.5% decline over the past week. The crypto asset has yet to reclaim the $100,000 level it lost earlier this week, leaving market participants uncertain about the near-term direction. Amid this backdrop, one CryptoQuant contributor, known as caueconomy, provided an analysis of a significant development involving Bitcoin’s exchange withdrawals. Largest Exchange Withdrawals Since FTX Collapse In a recent post, caueconomy highlighted the largest volume of exchange withdrawals since the FTX collapse. According to the data, over 47,000 BTC were removed from exchange reserves.…
Data suggests that while the market panicked during the latest XRP dip, whales holding at least 1 million XRP increased in number. 53 More Wallets Holding 1M+ XRP For context, XRP saw a major price drop over the weekend, falling from $3.13 on Friday, Jan. 31, to $2.56 by Sunday, Feb. 2. This decline of 17.9% represented a major correction, with the most severe drop of 10.34% occurring on Feb. 2. This 10.34% crash marked XRP’s largest intraday loss since Dec. 9, 2024, and the largest one so far this year. Despite the panic-driven sell-off, data confirms that large investors…