Author: NBTC
Stellar (XLM) is on a bullish surge as altcoins in the broader digital asset market appear to have regained their bullish momentum. The XRP rival has recorded significant investor interest, resulting in a trading volume spike of over 50%. Stellar enters breakout territory amid volume surge According to CoinMarketCap data, XLM’s trading volume in the last 24 hours soared by 51.53% to $309.96 million. The massive uptick in investors’ interest has resulted in a significant price rise, which appears to have entered a breakout mode. Within the same time frame, the XLM price increased by 9.03% to change hands at…
Political and regulatory tensions surrounding cryptocurrency are rising in Washington as Senator Jon Ossoff voiced support for impeaching President Donald Trump over a private event tied to the promotion of his meme coin, while SEC Commissioner Hester Peirce urged for more transparent crypto regulations to end the uncertainty plaguing US financial firms. SEC Commissioner Hester Peirce: US Crypto Regulation Feels Like Playing ‘The Floor is Lava’ in the Dark At the SEC’s “Know Your Custodian” roundtable on April 25, SEC Commissioner and head of the agency’s crypto task force, Hester Peirce, delivered a vivid analogy to describe the current regulatory…
Compass Mining has initiated operations at the first phase of its self-owned bitcoin mining facility in Iowa, the company announced on Tuesday. Compass Mining Powers Up First Phase of 30 MW Iowa Project The initial 8-megawatt (MW) phase of the 30 MW project is now online, with construction on remaining capacity set to begin in Q4 2025. Located on a 5-acre site, the announcement shared with Bitcoin.com News states that the facility expands Compass Mining’s portfolio of self-operated infrastructure, which allows clients to deploy machines directly to the Iowa location. Compass Mining CEO Paul Gosker stated the move reinforces Compass’…
The Bitcoin derivatives market is showing positive signs. According to data from CryptoQuant analyst Axel AdlerJr, the Bitcoin futures contract market has recorded an increase of 57,000 BTC positions in the last three days. This surge is currently worth $5.345 billion, making it the biggest liquidity increase in the past 12 months. The inflow suggests optimism for Bitcoin, in anticipation of new price movements. Over the last three days, positions totaling 57,000 BTC were opened in the futures market, worth $5.345B at the current rate. This is the largest liquidity increase in the past year. pic.twitter.com/VE08w0ZvhQ — Axel 💎🙌 Adler…
Circle, the issuer of the second-largest stablecoin, USDC, said it received in-principal regulatory approval from Abu Dhabi, paving the way for an expansion across the Middle East. The Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) granted the company the preliminary green light to operate as a money services provider, edging closer to a full license after incorporating in the financial hub last December. The approval “advances our strategy to establish deep roots in markets embracing the onchain economy, creating new pathways for investment and innovation in the region,” Circle CEO Jeremy Allaire said in a statement…
Shares of Sol Strategies (HODL), a Toronto-listed digital-asset firm, jumped after the company said it secured an up-to $500 million convertible note facility to ramp up its investments focused on the Solana network. The capital will be exclusively used for purchasing SOL tokens and expand the firm’s blockchain validator operation, the company said in a release. HODL shares surged as much as 18% to C$2.16 before paring some of the gains, but were still up 7% from yesterday’s close. “This is the largest financing facility of its kind in the Solana ecosystem-and the first ever directly tied to staking yield,”…
The co-founders of President Trump-backed World Liberty Financial (WLFI)—Zach Witkoff, Zak Folkman, and Chase Herro—met with Binance co-founder Changpeng Zhao (CZ) in Abu Dhabi. Their conversation centered on developing strategic initiatives to standardize and expand the cryptocurrency industry worldwide. What Did WLFI Co-Founders and CZ Discuss in Abu Dhabi? WLFI highlighted the meeting in a post on X (formerly Twitter). The organization stressed that the move marked the start of a broader initiative to drive innovation in the industry. The meeting agenda centered on strategies to accelerate the global adoption of cryptocurrencies. It also covered the creation of new industry…
Vaulta, the web3 banking network looking to power the next frontier of finance, is teaming up with Ultra to accelerate web3 gaming and digital finance. Vaulta, previously EOS Network (EOS), shared the massiv via a press release sent to crypto.news on April 29. The strategic partnership aims to tap into blockchain technology to drive tokenization, trading, and monetization within the blockchain gaming space. Accordingly, the two platforms are targeting a full-service platform, with Vaulta gaining traction through gaming network. As a one-stop destination for gamers, publishers, and developers, Ultra seeks to develop into the “Netflix of gaming.” With this partnership,…
Bitcoin rallied to $93,600 (+12.2% weekly) despite mixed US-China trade signals. US Spot Bitcoin ETFs saw nearly $1.3 billion net inflows this week, signaling strong institutional demand. Analysts suggest Bitcoin is decoupling from risk assets, acting more like “digital gold.” The cryptocurrency market showed renewed vigor recently, with Bitcoin pushing towards $94,000, although the rally encountered some friction Wednesday following cautious remarks from US Treasury Secretary Scott Bessent regarding the timeline for a comprehensive US-China trade deal. Despite this, strong institutional inflows and a potential divergence from traditional risk assets are fueling speculation about Bitcoin’s next major move. Bitcoin (BTC)…
Stablecoins—cryptocurrencies pegged to stable assets like the USD—are drawing increasing attention from top payment companies. Recent reports claim stablecoin transaction volumes over the past year have surpassed Visa. However, industry experts are skeptical of these numbers. This article explores the reasons behind that skepticism. Why Experts Suspect Stablecoin Volume Might Be Inflated Recently, Chamath Palihapitiya, CEO of Social Capital, posted on X that the weekly transaction volume of stablecoins has exceeded that of Visa, reaching over $400 billion. He added that companies like Visa, Mastercard, and Stripe are actively embracing the trend. Weekly Volume of Stablecoin Transfers. Source: Chamath Palihapitiya…