Author: NBTC
A whale has triggered attention from the crypto market after he deposited significant amounts of WBTC to Binance and earned impressive profits today. Whale transfers $28.5 million to Binance According to data shared by Spot on Chain, the whale deposited 300 WBTC (worth $28.5 million) to Binance today, January 9. Since the asset’s price had witnessed some significant increase, the sales gave the trader a whooping profit of $9.98 million. According to Spot on Chain, the investor sold off the tokens just before news broke out that the US government had authorized some Bitcoin sales today. This whale has been…
Havoc in crypto markets spread to stocks of crypto-focused companies, with losses in U.S. futures pointing to declines in equities that are likely to put bitcoin (BTC) on track for further losses because it tends to mirror movements of U.S. stock markets. S&P 500 futures slid 1.4%, Dow Jones futures fell 1.2% and futures on the tech-heavy Nasdaq 100 lost 1.7%. Shares of Japan’s Metaplanet (3350), colloquially called Asia’s MicroStrategy for its bitcoin treasury, fell 9.44% on the Tokyo Stock Exchange. Crypto and blockchain venture fund SBI Holdings sank 3.60%. U.S.-listed Coinbase (COIN) and MicroStrategy (MSTR) traded more than 5.9%…
Aethir, the DePin “GPU-as-a-Service” firm, has announced a collaboration with EigenLayer, a blockchain platform that introduces restaking solutions. This integration is poised to help change decentralized cloud computing by boosting scalability and simplifying the onboarding process for non-Web3 native GPU providers. Aethir Partners with EigenLayer Amid Network Expansion In a press release shared with BeInCrypto, Aethir said the integration with EigenLayer’s Actively Validated Services (AVS) model will allow the platform to expand its decentralized network further. The partnership also introduces an opportunity for Aethir’s community to participate in staking via EigenLayer’s solution. This enables retail stakers to delegate ATH tokens…
Howard Lutnick, the billionaire CEO of Cantor Fitzgerald, is officially the US Commerce Secretary after a 16-12 Senate Commerce Committee vote on Wednesday. Known for his deep ties to crypto and Wall Street, Howard’s new job comes with a lot of moving pieces: the $42.5 billion Broadband Equity, Access, and Deployment (BEAD) program, the $280 billion CHIPS and Science Act, and all regulatory power over tech infrastructure. His confirmation is a massive win for President Trump’s administration, which is pushing to bring crypto innovation back to the US and create a national Bitcoin reserve. Anti-crypto Elizabeth Warren demands answers over…
MetaMask has introduced a new feature that allows people to use a selection of tokens to pay gas fees when using MetaMask Swap for smart transactions. Dubbed Gas Station, the innovation addresses a common issue faced by Ethereum users: transactions failing due to insufficient gas fees. Details of the New Update The crypto wallet provider announced the functionality in a February 4 post on X, stating that it will help users avoid transaction failures due to a lack of ETH for gas fees. Such payments are required for processing transactions on the Ethereum network and must traditionally be settled in…
Key Takeaways Russian bailiffs are in the process of transferring Bitcoin from Marat Tambiev to state revenue. The case involves the confiscation of 1,032.1 BTC, marking a significant crypto bribery scandal in Russia. Russian bailiffs are in the process of liquidating more than 1,032 Bitcoin, worth approximately one billion rubles, seized from Marat Tambiev, a former investigator of the Russian Investigative Committee who was convicted in a high-profile crypto bribery case, TASS reported Thursday. Tambiev, who previously served as a chief investigator in the Tver District of Moscow, was found guilty of accepting 1,032 BTC as a bribe to protect…
Ethereum is facing an identity crisis. Its native token, ether (ETH), is underperforming against competitors, and longtime builders are beginning to question whether the chain’s technology is falling behind—and if its community is losing focus. The Ethereum Foundation, the nonprofit that stewards Ethereum’s development, has been blamed for many of the network’s struggles. Co-founder Vitalik Buterin is spearheading a massive leadership shake-up at the organization, but his central influence over the process has sparked its own controversy. Meanwhile, rival ecosystems like Solana are capitalizing on the uncertainty, attracting top talent and outpacing ETH in the market. Amid this turbulence, a…
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Venture capital funding is the most sought-after form of backing amongst founders looking for capital to bootstrap their operations, offering a percentage of equity in exchange. The problem is, despite a few exceptions of funds like Sigma Capital, web3 VC funding is the most difficult to obtain at the early stages of the founder journey. In spite of a slight increase in funding in Q1 of 2024, VC backing for web3 startups continues to decline, dropping by…
DWF Labs, a new-gen crypto market maker and investor, announces its strategic support for teams launching AI agents on NEAR Protocol, a fully sharded, PoS L1 blockchain. NEAR is one of the leading decentralized platforms for AI and ML implementation in Web3. DWF Labs partners with NEAR Protocol for AI agent breakthroughs According to the official announcement, DWF Labs, a leading market making and VC investing firm, has kickstarted a strategic partnership with NEAR Protocol, a major programmable layer-1 blockchain. The collaboration is set to advance the segment of artificial intelligence (AI) agents in Web3. Our special AI agents are…
Public Citizen, a consumer advocacy group, has urged the Department of Justice (DOJ) and the Office of Government Ethics to investigate President Donald Trump’s promotion of his memecoin ‘TRUMP’ for allegedly violating federal laws against soliciting gifts. In the open letter, the advocacy group addressed the DOJ’s Public Integrity Section and the OGE, arguing that Trump’s promotion of the so-called “Trump Meme” token could breach 18 U.S.C. § 201, which prohibits government officials from ‘soliciting gifts’. While federal law allows the president to receive gifts, the guideline still explicitly prohibits solicitation, coercion, or acceptance in exchange for official acts. Public…