Author: NBTC

Crypto-focused legal firm Burwick Law has teased the launch of another 15-20 investigations, adding to its 60+ ongoing investigations into the likes of Hawk, Libra, and Pump Fun. Of these investigations, at least 11 have become individual and class action lawsuits, including actions against Libra, Pump Fun (aka Baton Corp), promoters of Hawk, Game of Silks, Meta Eagle Club, Jenner, Eden Gallery, Midnight Hub and Roooms.TV, and STAKX. On top of these, tokens including dogwifhat (WIF), Vine (VINE), and Just a Chill Guy (CHILLGUY) are currently under scrutiny by Burwick Law. Of Burwick Law’s 60+ investigations, at least 11 have…

Changpeng Zhao, also known in the crypto community as CZ, has taken to his official page on the X social media platform (formerly known as Twitter) to address the community and share his take on the current crypto market bloodbath. Curiously, he has shared a bullish take on this matter despite the massive Bitcoin crash. CZ remains highly bullish on Bitcoin and crypto CZ commented on an X post of a crypto enthusiast called @Spigg1115, where the latter pointed out that there is no reason for panic now even though the crypto market is bleeding heavily. 🔬🔭 https://t.co/G9SEFOe8xf — CZ…

Solana’s dominant automated market maker (AMM) Raydium hit back Monday on rumors that major volume driver Pump.Fun was preparing to launch its own AMM. Abandoning Raydium whole hog would be a “strategic miscalculation” for the massively popular — and profitable — memecoin factory, core contributor InfraRAY said in a post on X. He cast doubt on the notion that Pump.Fun could replicate its success if it swaps Raydium out for in-house trading infrastructure. Token investors dumped RAY en-masse this weekend after hawkeyed observers noticed Pump.Fun was apparently testing its own AMM, presumably with the intent to replace Raydium’s longstanding liquidity…

Commodity Futures Trading Commission (CFTC) acting chair Caroline Pham revealed that the regulator is cooperating closely with the US Securities and Exchange Commission (SEC) on crypto-related matters. Pham made the statement during the Milken Institute’s “Future of Fintech Symposium, Fox Business’ Eleanor Terrett reported. Pham said: “We have restarted conversations at the staff level between the CFTC and SEC. We would like to work together. We have worked together well in the past and I look forward to getting back to regular order.” SEC Commissioner Hester Peirce, head of the regulator’s Crypto Task Force, confirmed Pham’s remarks. The statements confirm…

For three years, nothing. Not a single move. Then, out of nowhere, a whale just transferred 200 BTC – $18.4 million – to Binance, as reported by Spot On Chain. No warning, no buildup, just a sudden deposit about two hours ago. This is not just any whale, though. Back in 2022, this same entity pulled 300 BTC off exchanges, picking them up at an average price of $30,873. Fast forward to today, and Bitcoin (BTC) is trading at $92,263. Even after today’s 4.5% drop, the whale is still sitting on 98.2 BTC, worth about $9.06 million, with an estimated…

Digital assets continued to underperform amidst global economic uncertainties. The downside escalated over the past 24 hours as Bitcoin plunged to $90K. While altcoins suffered the most, recording double-digit losses on their daily charts, FTX’s FTT grabbed attention with wild movements. FTT soared from the lows of $1.5515 to $2.117, a 36% price increase within an hour. Sam Bankman-Fried recent social media posts sparked the momentary surge. SBF returned to X for the first time in more than two years. The former FTX CEO is serving hi 25-year sentence for several charges associated with money laundering and fraud following the…

Recently stepped down as Tether’s longtime CFO and now its chairman, Giancarlo Devasini keeps a low profile in the modest Swiss town of Lugano, according to the article by Angus Berwick. Circle founder Jeremy Allaire, meanwhile, is comfortable rubbing shoulders with politicians and Wall Street executives, Berwick continued. The conflict is as much about ideology as it is about business, writes Berwick. Tether embraces crypto’s freewheeling ethos, while Circle is pushing for mainstream acceptance through regulation. “Circle will not win if Tether is alive,” Devasini reportedly said months ago. The outcome of this battle will shape the future of stablecoins.…

Bitcoin (BTC) has plunged more than 7% in a single day, falling to $87,000 on February 25, its lowest level since November 2024. The sharp decline has pushed BTC into a critical risk zone, fueling speculation on whether the breakdown is temporary or signals a deeper correction. In this context, crypto analyst RLinda has highlighted emerging key price levels that could potentially anchor Bitcoin’s next major move. Technical analysis: Bitcoin key price levels to watch According to the analysis, Bitcoin is testing a key support range between $89,400 and $90,000, a crucial level that could determine its next major move.…

Ethena Labs has integrated Chaos Labs’ data authenticity technology, Edge Proof oracles, to strengthen the risk management framework for its synthetic dollar token USDe. Edge oracles will independently verify the total dollar value of the USDe’s reserves and the reserve coverage of USDe’s supply and confirm that reserves are governance-approved and delta-neutral. Chaos Labs shared the announcement exclusively with CoinDesk. USDe, a synthetic stablecoin, maintains a soft peg with the U.S. dollar through an automated delta-hedging strategy that shorts bitcoin and ether perpetual futures to offset changes in the prices of these cryptocurrencies. The synthetic stablecoin experienced volatility over the…

Between the holidays and New Years, the IRS used the last passing days of the Biden administration to finalize its long feared Broker Rule: a regulation requiring all cryptocurrency exchanges – custodial and non-custodial, fiat to crypto and crypto to crypto – to effectively subject their users to Know-Your-Customer (KYC) measures. The rule establishes that custody over funds is not necessary to be deemed a broker by the IRS, obliging “DeFi front-end services” to report trading activity via the 1099 tax form to the agency. This includes any developer of “screens, buttons, forms, and other visual elements incorporated in websites,…