Author: NBTC
Kickstarting his second chance, Ross Ulbricht wants to launch a crypto venture. Beyond earlier donations to guarantee his freedom, VCs note any new venture and its prospects. Silk Road founder Ross Ulbricht, recently freed from prison, is reportedly preparing to return to the crypto market. According to reports, Ulbricht is soliciting funds to establish a new crypto firm. Is Ross Ulbricht Back to the Crypto Market? VC firms, including a16z and Paradigm, claim that the initial valuation for Ulbricht’s new crypto venture could stretch to over $1 billion. These firms cited Ross’ killer mentality and track record for their bold…
As the official memecoin of the second Donald Trump presidency flirts with a market cap of $10 billion, and Melania Trump, the next first lady, launches her own, Balaji Srinivasan, the former CTO of Coinbase, said in a thread on X that this whole category of tokens could be equated to gambling. A memecoin is a zero-sum* lottery.There is no wealth creation. Every buy order is simply matched by a sell order. And after an initial spike, the price eventually crashes and the last buyers lose everything.* It’s actually negative sum if the platform takes a cut. — Balaji (@balajis)…
Institutional investors are increasingly looking beyond Bitcoin, according to a new survey that found 40% of fund managers are willing to invest in 10 or more altcoins. The findings, published by S&P Global’s financial analysis division Crisil Coalition Greenwich, suggest that near-complete adoption of digital assets among fund managers could be on the horizon. The report notes a significant shift in institutional sentiment, noting that many firms are comfortable trading a small number of crypto assets, but 40% of asset managers overseeing funds over $100 million have expanded their exposure to altcoins. “This is a major shift from years ago,”…
The World Liberty Financial of Trump is making significant developments in terms of $ETH accumulation. As per Spot On Chain, Trump’s World Liberty Financial has recently swapped stunning 5 million $USDC tokens for nearly 1,555 $ETH, leveraging the growing hype around the $TRUMP token. The on-chain analytics firm took to social media to reveal this development. Trump’s World Liberty (@worldlibertyfi) just swapped 5M USDC for 1,555 $ETH 10 minutes ago.While people are still hyping the $TRUMP memecoin, World Liberty is accumulating more ETH.It currently holds 10.72K $ETH (~$32M) and has deposited thousands of $ETH into Coinbase over… https://t.co/V7SQRUURD9 pic.twitter.com/zNE75aF2tB —…
Elastos, a project looking to turn Bitcoin into a more fruitful base for decentralized finance (DeFi), has raised $20 million towards that goal. Elastos, a decentralized infrastructure provider, aims to scale its Bitcoin DeFi protocol BeL2 as a utility layer for the world’s original blockchain. The firm has raised $20 million from private investment company Rollman Management, with which it plans to expand its merge-mined ELA token as a Bitcoin reserve asset, Elastos told CoinDesk in an email on Thursday. Merge mining is the process of mining two or more cryptocurrencies simultaneously. BeL2 is built to allow bitcoin holders to…
President Donald Trump went on a fiery rampage Wednesday, ripping into Federal Reserve Chair Jerome Powell for what he described as a catastrophic failure in managing inflation and botching bank regulation. The brutal attack came just two hours after the Fed announced its decision to leave interest rates unchanged, despite Trump’s very public demand for immediate cuts. But the Fed ignored him. Instead, Powell held steady, saying there was no need to rush a change in rates. Trump slams Powell’s “terrible job” and promises to cut regulations Posting on Truth Social on Jan. 29, Trump said, “Jay Powell and the…
Where Presidential Power Meets Digital Finance: A Constitutional Crisis in the Making? In an unprecedented move that has sent shockwaves through both political and financial circles, President-elect Donald Trump launched the $TRUMP cryptocurrency just four days before his second inauguration. Within 48 hours, the meme coin’s value tripled from $20 to $70 per token, catalyzing over $24 billion in trading volume and pushing its market capitalization past $14 billion. While crypto enthusiasts celebrate this as a watershed moment for digital assets, the launch raises profound legal questions about the intersection of presidential power, securities law, and market integrity. At stake…
Bitcoin price is attempting a recovery wave from the $89,200 zone. BTC is rising and might face resistance near the $95,800 zone. Bitcoin started a recovery wave from the $89,200 zone. The price is trading above $94,000 and the 100 hourly Simple moving average. There was a break above a connecting bearish trend line with resistance at $92,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase if it stays above the $92,450 support zone. Bitcoin Price Eyes Recovery Above Below $95K Bitcoin price started a short-term recovery wave after a…
Sushi Labs acquires Shipyard Software to enhance DEX performance, reduce impermanent loss, and improve cross-chain liquidity efficiency. The integration of Blade and Kubo aims to optimize trading execution and expand SushiSwap’s multi-chain ecosystem. Sushi Labs, the firm behind the decentralized exchange (DEX) SushiSwap, has acquired Shipyard Software. This action not only enhances the SushiSwap ecosystem but also creates fresh chances for effective crypto asset trading among several blockchain systems. With this acquisition, Sushi intends to solve various issues in decentralized finance, including enhancing cross-chain transaction efficiency and optimizing liquidity provision. The way Shipyard Software’s technologies can be combined to elevate…
Polymarket only sees a 16% chance that the Donald Trump will order the creation of a strategic bitcoin (BTC) reserve in the first 100 days of its administration, despite assurances from crypto czar David Sacks that there’s an effort underway to explore the idea. “President Trump has asked us to study that issue, so we are not ready to comment on it yet. But it’s one of the things our working groups are going to look at,” Sacks said in a recent appearance on Fox. 🚨 NEW: President Trump’s Crypto Czar, David Sacks, confirms on Fox News that they are…