Author: NBTC
Today, KAITO, a new cryptocurrency, sparked interest from market participants. This came after data from Onchain Lens reported that a whale withdrew massive amounts of KAITO tokens from an exchange and sent them for staking. A newly created wallet has withdrawn 1M $KAITO worth $2.5M from #Binance and sent it for staking.Address: 0x2ba3dd20db1fd35d648be1be582ec563895d78fa pic.twitter.com/Ieec0jJzG4 — Onchain Lens (@OnchainLens) February 27, 2025 Whale buys 1 million KAITO tokens Today, Feb.27, data from Onchain Lens spotted a whale who created a new wallet and withdrew 1 million KAITO tokens worth $2.5 million from Binance. The whale then sent all the tokens for…
The US Securities and Exchange Commission’s (SEC) Commissioner Caroline Crenshaw has criticized the agency’s recent decisions to drop multiple crypto-related cases, calling the move unprecedented and dismissive of long-standing legal principles. The Commissioner also took issue with the SEC’s Division of Corporation Finance for its stance that memecoins do not qualify as securities under federal law, arguing that this position lacks legal foundation and clarity. SEC’s retreat from crypto enforcement Over the past week, the SEC has dropped multiple lawsuits against major crypto firms, including Coinbase, Robinhood, and Gemini. This shift follows the formation of a specialized crypto task force…
Changpeng Zhao, more commonly known as CZ, a Binance co-founder and its former chief executive, has published a tweet to address the crypto community about the importance of creating new products and improving the current ones in the crypto space. CZ also revealed his plans for the near future which do not mention building a new crypto exchange or any other crypto project. CZ won’t build a new project Responding to CZ’s tweet, where the former Binance boss urged the community to “keep building”, an X user and crypto enthusiast @Cryptoking stated that he remembered the crypto builders have never…
Andrew Tate’s DADDY Solana meme coin has spiked 69% after news that he’s boarded a private jet with his brother Tristan Tate to fly from Romania to Florida, according to the BBC. It’s the first time he’s been allowed to leave the country since his arrest in 2022. As this news spread, his Solana meme coin has climbed to a $37.5 million market cap in just 10 hours. Tate’s apparent freedom—while he awaits the conclusion of his criminal case in Romania—comes after Donald Trump’s administration applied pressure on Romanian authorities last week to lift travel restrictions on the controversial influencer,…
Stuart Alderoty, Ripple’s chief legal officer, has commented on the recent verdict by the U.S. Securities and Exchange Commission regarding the category of digital assets known as meme coins. He expressed a positive view on the SEC’s decision about this popular type of crypto, in light of the regulatory agency’s other recent steps targeted at ending its war with the crypto world. That war was started by the SEC’s previous chairman, Gary Gensler. Meme coins are collectibles, SEC says In a press release published on Feb. 27, the SEC referred to a meme coin as “a type of crypto asset…
K9 Finance announced that it has received a $200,000 grant from the Google for Startups program. According to the announcement, the grant comes in the form of free access to Google Cloud services, rather than direct cash. With the grant, the K9 development team can access Google Cloud infrastructure, security features, and artificial intelligence (AI) tools at zero cost. In addition to accessing Google Cloud services at zero cost, the team suggested that the grant will strengthen its long-term position by creating opportunities for partnerships, sustainability, and integration. Additionally, it called the grant an opportunity to position K9 Finance as…
A surge of state-level Bitcoin reserve proposals across the U.S. has hit a roadblock, after multiple states rejected bills to invest public funds in the leading crypto. Of the 50 U.S. states, over 20 have introduced or are considering legislation related to Bitcoin reserves or investments in digital assets, but the fate of many of these bills remains uncertain. But over the past few weeks, several states—including Montana, South Dakota, North Dakota, Pennsylvania, and Wyoming—have dealt setbacks to the growing Bitcoin reserve initiative. Montana’s Bitcoin reserve proposal, House Bill 429, faltered following its introduction in late January. The bill sought…
Ripple CLO Stuart Alderoty has broken his silence on the latest categorization of meme coins by the United States Securities and Exchange Commission (SEC). The legal expert agreed wholly with the market regulator, emphasizing that meme coins are not securities. He reiterated that the beauty of the guidance is linked to its simplicity. Non-security case for meme coins According to the Ripple CLO, the question for the market regulator is whether or not something falls under its jurisdiction, not whether it is legal or illegal. He noted that with the commission’s new position, if fraud occurs, other agencies can act,…
The International Monetary Fund (IMF) has approved a $1.4 billion extended arrangement for El Salvador under its Extended Fund Facility, with an immediate disbursement of $113 million available to the country. The 40-month program is expected to attract additional multilateral financial support, creating a combined financing package of over $3.5 billion throughout the program period. The IMF-supported initiative aims to address macroeconomic imbalances and strengthen governance while boosting El Salvador’s growth prospects. The program includes measures to improve the primary balance by 3.5% of GDP over three years, primarily through wage bill rationalization while maintaining priority social and infrastructure spending.…
Shiba Inu (SHIB) has seen a mild price rebound on the daily chart, suggesting the meme coin’s sell-off trend might be over. At the time of writing, the coin jumped by 3.76% in 24 hours to $0.00001476, paring off the losses of the past week to 4.4%. Despite this recovery, a discovery by IntoTheBlock shows the Shiba Inu rebound might be short-lived. SHIB sell wall According to the Shiba Inu profitability chart, the token now has a total of 143.6 trillion SHIB, or 14.58% of the total supply, in profit. More Shiba Inu tokens, or 83.68%, are out of profit…