Author: NBTC
Sen. Elizabeth Warren (D-MA) has slammed the recently passed GENIUS Act, saying the American people will “pay the price” for the groundbreaking crypto legislation. The act, which was signed into law by President Donald Trump earlier this month, provides legal clarity for stablecoins. It establishes a framework for issuing and trading stablecoins, which has prompted increased interest in them from banks and major retailers. In an interview with Vanity Fair, Warren acknowledged the U.S. needs “strong crypto legislation,” but added that “jamming through industry-designed bills is a mistake.” “But if we’re going to ratify a sweeping crypto regulatory framework, we…
The asset manager is on an accumulation streak, topping up its holdings as its BTC-tracking exchange-traded fund thrives. BlackRock has purchased another $416 million of Bitcoin, according to data from the blockchain intelligence platform Arkham. The buy, estimated to be around 3,478 BTC based on prices at the time of acquisition, continues a month-long accumulation streak that included a $216 million addition just over a week ago. The latest move lifts the firm’s giant portfolio to approximately 716,500 BTC, worth roughly $85.4 billion at current prices. This translates to 3.6% of the entire circulating Bitcoin supply, making BlackRock one of…
According to data from decentralized cryptocurrency exchange Hyperliquid, after a volatile week in the market, many investors’ positions were liquidated, while the famous crypto whale “The White Whale” still remains at the top of the leaderboard. The whale is currently carrying a total long position of approximately $359 million across three major positions in Ethereum (ETH), Solana (SOL), and Bitcoin (BTC). The whale’s current positions are as follows: 48,405 ETH (approximately $181 million) 810,717 SOL (approximately $152 million) 223 BTC (approximately $26 million) Total unrealized profit: approximately $33 million “The White Whale” operates through four different accounts, each with highly…
VP JD Vance questions Jerome Powell’s refusal to cut rates despite falling inflation. Powell says Fed needs more economic clarity before rushing into interest rate decisions. Meanwhile, September rate cut chances stand at 51%, but 47% say no cut is coming. Tensions are rising between the White House and the Federal Reserve. Vice President JD Vance has publicly criticized Fed Chair Jerome Powell for refusing to lower interest rates, even though inflation has started to ease. Vance pointed out the timing of previous rate cuts, suggesting there may be political inconsistency at play. So, is the Fed playing it safe…
Data published by the prominent SHIB wallet tracker, Shibburn, has revealed a massive drop in the Shib burn rate that has occurred during the past 24 hours. However, that did not stop the community from burning a significant amount of SHIB meme coins. SHIB burns crash but millions of coins still get torched The aforementioned data source reported that over the past seven days, the key SHIB metric, the burn rate, has demonstrated a drastic fall as it collapsed by almost 100%. Still, this fact has not prevented the SHIB community from burning any meme coins. According to the same…
U.S. prosecutors are considering bringing charges against Dragonfly Capital Partners’ Tom Schmidt and some of his colleagues over their investment in the developer behind Tornado Cash, Assistant U.S. Attorney Thane Rehn said Friday at Roman Storm’s criminal trial in New York. The federal government’s revelation came as defense lawyers attempted to call Schmidt as a witness in Storm’s trial. The general partner and his team invested in Pepper Sec Inc., an entity owned by Tornado Cash developers, in 2020. “In 2023, we received a DOJ subpoena and have fully cooperated with the government’s investigation of Tornado Cash, confident that we…
Pro-crypto Senator Cynthia Lummis reacts to reports that the United States government has sold more than 80% of its Bitcoin stash, referring to the move as a strategic blunder. Yesterday, the crypto community was stirred by reports claiming that the U.S. government had offloaded a significant portion of its nearly 200,000 BTC stash. Some sources stated that the sale had reduced the government’s Bitcoin holdings to just 28,988 BTC, an 85% drop from the 198,012 BTC it held earlier this year. Senator Lummis Reacts For context, the reports emerged after a FOIA response from the U.S. Marshals Service (USMS) surfaced…
The current Ethereum price range is just below a critical resistance level as spot ETFs attract billions in inflows, signaling growing institutional confidence. With strong technical patterns forming—most notably an inverse head-and-shoulders on the weekly chart—and Ethereum’s dominance across NFTs, DeFi, and tokenized assets, a breakout past $4,100 could pave the way for a surge toward $5,000. Summary Ethereum price was stuck in a tight range on Saturday. Data shows that spot Ethereum ETF inflows are soaring. ETH has formed an inverse head-and-shoulders on the weekly chart. Ethereum (ETH) was trading at $3,745 on Saturday, July 26, a few points…
In a significant move that could signal a growing trend, Aurora Mobile, a Nasdaq-listed technology firm based in China, has announced its intention to allocate a substantial portion of its cash reserves to cryptocurrencies. This bold decision marks a pivotal moment, as more established companies consider digital assets as a legitimate component of their financial strategy. For anyone tracking the convergence of traditional finance and the crypto world, this development is certainly one to watch. Aurora Mobile Crypto Investment: A New Corporate Trend? The news from Aurora Mobile, disseminated via a GlobeNewswire press release, reveals a strategic allocation of up…
A partnership between Cardano and the XRP ecosystem has gained momentum amid prospects of a Tokeo Wallet integration on the XRPL. Cardano-based next-generation smart wallet Tokeo Wallet plans to integrate with the XRP Ledger, sparking widespread enthusiasm among Cardano and XRP enthusiasts. Community pundit Angry Crypto Show brought this to the limelight in a post on Tuesday, with the Tokeo Wallet’s official X account confirming the plans. A Start of the Long-Teased Partnership? The July 15 tweet disclosed that Cardano’s Tokeo Wallet is currently exploring a possible integration into the XRP Ledger. The incorporation aims at creating interoperability between the…