Author: NBTC
The White House disclosed that David Sacks, Trump’s AI and crypto czar, and his venture firm Craft Ventures divested over $200 million in crypto assets and related holdings before taking on his new role. At least 85% was personally attributed to Sacks. The revelation came in a memorandum dated March 5, granting Sacks a limited ethics waiver to participate in digital asset policy matters. “Altogether, you and Craft Ventures have divested over $200 million of positions related to the digital asset industry, of which at least $85 million is directly attributable to you,” the memo states. Sacks indeed disclosed this…
Decentralized exchanges (DEXs) on Solana recorded approximately $20.2 billion in the week that ended February 16. The numbers extend a streak of declining weekly trading volume for the fifth straight week, based on DeFiLlama data. The data analysis site also revealed that in the week ending February 10, 2025, Solana’s on-chain transaction volumes fell by 28%, totaling $31.8 billion. The slide in Solana DEX activity has been linked to a broader market trend. Similar volume reductions have been observed across other blockchains like BNB Chain, Ethereum, Sui, and Polygon. Solana’s declining numbers According to DeFiLlama, the weekly trading volume has…
Binance Wallet launches a zero-fee swap promotion, but only for users with backed-up keyless addresses. Cryptocurrency exchange Binance is launching a six-month zero-fee swap promotion for users of its Binance Wallet (formerly known as Binance Web3 Wallet) in a bid to attract retail traders. In a Mar. 17 announcement, the exchange said the offer only applies to swaps made through Binance Wallet’s integrated swap and bridge features or quick buy in Binance Alpha, a platform within Binance Wallet, featuring tokens that may be considered for listings on Binance in the future. Binance pointed out that transactions “made via third-party dApps…
Bitcoin adoption and price trajectory face renewed buoyancy following predictions by Bitwise CEO Hunter Horsley amid 4 days of sustained outflows from spot Bitcoin ETFs. Horsely favors Bitcoin reaching the $1 million mark, with institutional flows into ETFs, increased corporate and state acquisitions, and a rise in wealth management services fueling market interest. Horsley’s remarks come as investors compare Bitcoin’s evolving narrative with the retail-driven surge in memecoin activity. Platforms such as pump.fun on the Solana network have enabled rapid token launches with minimal entry barriers—a dynamic that has spurred both high-volume speculative trading and regulatory concerns. Recent reports note…
In the rapid-paced DeFi sector, total value locked works as a key metric to measure the growth and adoption of the projects. As per the latest data from DefiLlama, Ethereum, Solana, and Bitcoin gained the top positions among the blockchains this week in terms of total value locked. The other prominent names in the top-10 list include Tron, Binance Smart Chain, Base, Arbitrum, Berachain, Sui, and Avalanche. Ethereum Keeps Dominating Blockchains as TVL Reaches $58.075B As per the list of top chains in line with TVL, Ethereum maintains its peak place. As per the market data, the total value locked…
Binance has announced the listing of StraitsX USD (XUSD), a US dollar-backed stablecoin, and the XUSD/USDT spot trading pair will open for trading on March 19, 2025 at 11:00 AM ET. Binance to List StraitsX USD (XUSD) with Zero-Fee Trading Promotion To celebrate the launch, Binance is offering a zero-fee promotion for XUSD/USDT spot and margin trading pairs, allowing users to trade XUSD without paying any fees starting at 11:00 AM on March 19 until further notice. Basic Listing Details New Trading Pair: XUSD/USDT Deposits: Available immediately Withdrawals: Will open on March 20, 2025 at 11:00 (estimated time) Listing Fee:…
With Bitcoin holding steady above $90,000 and many investors in profit, the risk of panic selling is minimal, analysts suggest. Investors are unlikely to panic sell as long as Bitcoin’s (BTC) price stays above the $90,000 threshold, analysts at Singapore-based blockchain firm Matrixport say. As trading volumes have skyrocketed, jumping from $40 billion to nearly $400 billion at times, more investors are jumping in, with Matrixport seeing this trend to “continue driving adoption in 2025.” #Matrixport Today 📈 – Feb 17 2025⬇️#Crypto Market Surge: Rising Institutional Influence and #Adoption in 2025#CryptoFinance #CryptoMarket #BTC #CryptoInvesting pic.twitter.com/UsawmQXsOG — Matrixport Official (@Matrixport_EN) February…
Venture capital funding for crypto startups has yet to rebound in line with recent regulatory clarity in the U.S. despite showing signs of recovery in the months following President Donald Trump’s election. According to analysts, the excessive capital inflows during 2021 and 2022 did not result in proportional returns for investors, which has damaged confidence and reduced the VC money inflow. Underwhelming performance MV Global partner Tom Dunleavy said that the crypto industry raised excessive capital relative to the number of high-quality projects. He noted that venture firms optimized for short-term token gains rather than fostering long-term businesses in an…
The possibility of an XRP Exchange-Traded Fund (ETF) has sparked much interest in the crypto community. Recently, the CBOE filed the 19b4S for Bitwise’s XRP ETF, along with other companies looking to get approval. Matt Hougan, Chief Investment Officer at Bitwise, discussed the potential for these ETFs in a recent discussion, shedding light on the current state of XRP ETFs. In an interview with Thinking Crypto, Hougan explained that there had been several starts and stops with ETF applications in the past, with some applications being filed and later withdrawn. However, the fact that multiple issuers are now refiling their…
Kraken, a cryptocurrency exchange, has announced the launch of its new colocation service. This service is designed for clients and partners who require ultra-fast execution. It aims to improve trading performance and scalability, while providing fair and transparent access to Kraken’s global crypto markets. In addition, Kraken has received approval from the UK’s Financial Conduct Authority (FCA) for an Electronic Money Institution (EMI) license. This allows Kraken to issue electronic money and offer quicker deposit and withdrawal options for UK clients. “Kraken has spent over a decade continuously enhancing our infrastructure and technology, and this is the next step in…