Author: NBTC
The House Financial Services Committee might mark up market structure legislation next week, while the Senate seems close to passing its stablecoin bill. You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. Click here to sign up for future editions. The narrative Here’s what’s clear: There are bills and they will probably get votes next week. Here’s what’s unclear: What all lawmakers might need to get enough votes to actually advance these bills, and if they’re there already or not. Why it matters The crypto industry has waited for years for Congress to…
The new Bitget Wallet integration with Solana Pay will target users in Southeast Asia and Latin America. Bitget Wallet is intensifying its efforts to bring crypto payments to millions of people across Southeast Asia and Latin America. On Wednesday, June 4, the wallet integrated with Solana Pay (SOL), enabling instant payments in USDC and Solana for millions of users, the company shared with crypto.news. The integration supports Solana Pay QR codes, specifically optimized for compatibility with national payment systems in Southeast Asia and Latin America, among other regions. Once a payment is made, transactions are settled instantly in the wallet…
Arkham, a renowned blockchain intelligence firm, has started an exclusive partnership with Plasm, an advanced blockchain devoted to stablecoin transfers. The joint initiative takes in to account Plasma’s integration into Arkham to enhance transparency when it comes to stablecoin payments. The platform shared a press release to disclose this noteworthy development. ANNOUNCING ARKHAM X PLASMAWe’re partnering with Plasma to bring Arkham’s industry-leading analytics capabilities to the Plasma ecosystem.We will be adding Plasma to Arkham Intel, enabling alerts, entity analysis, transaction visualisation & more on the Plasma blockchain. pic.twitter.com/tzJr53bgDj — Arkham (@arkham) June 7, 2025 Arkham Collaborates with Plasma to Increase…
For more than a month, Bitcoin has remained firmly above the $100,000 mark, which is a bullish accomplishment in and of itself. However, the fact that it has not been able to break above $110,000 with any degree of certainty is beginning to cause some concern. Bitcoin has retraced to $107,900 after reaching a peak just below its all-time high. It is currently stalling at significant resistance and may be losing momentum. Technically speaking, Bitcoin is still above three significant moving averages: the 50-day EMA ($105,750), the 100-day EMA ($103,011) and the 200-day EMA ($98,082), indicating that the overall trend…
Ethereum’s ether ETH$2,746.44 token, which has been in the shadows of bitcoin BTC$109,154.38 for a long time, is now becoming the new favorite. Data from TradingView shows that the spread between Volmex’s annualized 30-day ether implied volatility index (EVIV) and bitcoin’s 30-day index (BVIV) has jumped to 34%, the highest since November 2022. Back then, the FTX exchange went bust, destroying billions in investor wealth. The widening spread indicates that the market expects significantly larger price swings for ether, and perhaps the broader crypto market, compared to bitcoin in the coming weeks. Ether has recently outshone bitcoin in terms of…
Donald Trump’s crypto brand has been hogging headlines all week, thanks to the public spat between his family and the team behind a wallet project tied to the president. However, following all the drama, tensions seem to be easing. The crypto wallet saga involving Donald Trump’s sons and Gettrumpmemes, the company in charge of the memecoin tied to the president recently took a new turn, when Eric Trump took to social media platform X with a reconciliation post. “I am proud to announce the $TRUMP Meme Coin has aligned with @WorldLibertyFi,” he wrote. Eric’s post came only a few days…
The “Binance effect” was on full display Wednesday as Resolv (RESOLV), a newly listed digital asset, surged by over 50% after the exchange revealed the token as its 21st HODLer Airdrop project. The token’s price jumped from a low of $0.2294 to a high of $0.3616, with daily trading volume exploding past $347 million. The market debut of the base protocol underlying the USR stablecoin was driven by its official spot trading launch at 14:30 UTC and thereafter its inclusion in Binance’s popular HODLer Airdrops initiative. Binance’s HODLer Airdrop Fuels Initial Demand The move followed Binance’s announcement of RESOLV’s inclusion…
Argentina’s anti-corruption office has cleared President Javier Milei of any wrongdoing related to his public promotion of the Libra crypto token, according to Bloomberg. The agency reportedly said on record that Javier didn’t break any laws when he posted about Libra on X in February, adding that the post was made in a personal capacity, didn’t involve federal resources, and didn’t violate any public ethics codes. That ruling officially ends the government’s internal investigation, though a federal court case is still ongoing and hasn’t been closed yet. The scandal started when Javier shared a message about Libra just hours after…
According to Conor Grogan, director at Coinbase, there are 50 million different crypto tokens in circulation today, a figure that highlights both innovation and speculation on the market. Grogan puts this in perspective: “That’s roughly 6,000 tokens for every listed U.S. stock or ETF. One token exists for every K–12 public school student in the United States. If someone tried to read every token name, one per second, it would take nearly 600 days nonstop.” There are 50 million different crypto tokens in circulation todayThat’s:-6,000 tokens for every listed US stock/ETF-1 token for every public school student in the US…
Reef Chain, a well-known L1 blockchain dealing with decentralized applications (dApps), has announced its exclusive collaboration with Subscan, a popular blockchain explorer forum. The development underscores the renewal of Reef Chain and Subscan’s mutual efforts for enhanced accessibility, developer tools, and visibility. The platform revealed this initiative in a recent social media post shared on X. We’re very happy to share the news that Reef and @subscan_io are working together once more!Subscan is re-integrating Reef Chain into their platform. This will make Reef available on their blockchain explorer, and restore API services as well.More to come as we approach the……