[ad_1] Amy Gleason has been named acting administrator of D.O.G.E, but nobody knows what she actually does. The White House made the announcement, but when pressed for details, officials had nothing. Meanwhile, Elon Musk, who is just a special government employee, still gets called the one in charge. Even Donald Trump referred to D.O.G.E as “headed by Elon Musk,” raising new legal questions about who’s really running the agency. It took weeks before the administration even confirmed Amy’s role. Lawyers representing the White House couldn’t answer who was actually in charge, and only after being put on the spot did…
Author: NBTC
[ad_1] Binance CEO Changpeng ‘CZ’ Zhao is calling out mainstream media for spreading false stories about him and Binance US. The Wall Street Journal (WSJ) published a report claiming Trump’s family was discussing a financial deal with Binance US, and that CZ had been pushing for a presidential pardon after his legal troubles in the U.S. CZ fired back in an X post today, saying the story was completely fake and accusing the media of trying to manipulate public perception against crypto and Trump’s administration. The WSJ article alleged that Trump’s family had been in talks about taking a stake…
[ad_1] Today, Bitcoin briefly dipped to the lower range of the $90K region, stirring bear market fears, especially as the market has yet to fully recover from the February 3 bloodbath. Meanwhile, industry leaders like Ki Young Ju, founder of CryptoQuant, continue to reassure that the market remains in a bullish phase, at least according to key indicators. In a tweet today, Young Ju shared an on-chain analysis showing that Bitcoin’s realized price data suggests a strong bull market. The metric revealed a critical level where a breach below could spell trouble. For context, the realized price refers to the…
[ad_1] Ethereum’s price has dropped another 13% over the past week. During Monday’s early Asian hours, the leading altcoin plunged to $1,997—its lowest level since December 2023. With a growing bearish bias, the cryptocurrency may soon slip below the critical $2,000 support level once again. ETH Selloffs Surge as 50% of Holders Slip Into Losses An assessment of the ETH/USD one-chart reveals that the altcoin trades significantly below its Ichimoku Cloud and has done so since January 25. ETH Ichimoku Cloud. Source: TradingView At press time, the Leading Spans A (green) and B (red) form dynamic resistance above the altcoin’s…
[ad_1] The Bank of Russia has submitted proposals to the government to establish a regulated framework for cryptocurrency investments under a three-year experimental legal regime. The initiative, following directives from the Russian president, would permit a restricted group of investors to buy and sell digital currencies. Under the proposal, only “particularly qualified” investors — those with investments exceeding 100 million rubles in securities and deposits or an annual income above 50 million rubles — would be eligible. Additionally, corporate-qualified investors and financial organizations meeting regulatory standards could participate. The central bank will introduce specific risk-based requirements for financial institutions investing…
[ad_1] Gaming startup Moonveil Studio has launched its L2 game testnet on Polygon. Polygon is advancing its growth beyond Web3 gaming and making waves in DeFi. Moonveil Studio, a Web3 gaming company, has launched its highly anticipated Layer-2 (L2) Chain testnet, powered by Polygon CDK. The Moonveil testnet marks a major step in the firm’s mission to revolutionize the gaming industry. Moonveil Plugs into Polygon for Gaming Scalability According to the announcement, Moonveil taps into Polygon Chain Development Kit (CDK), an open-source codebase for developers launching L2 chains, supported by zero-knowledge (ZK) proofs. The team noted that Polygon CDK chains…
[ad_1] An updated version of the ‘GENIUS Act’, the stablecoin bill proposed by Republican Senator Bill Hagerty, is released today. However, the US Senate Banking Committee has disclosed plans to make changes to the bill on Thursday. Key Aspects of GENIUS Act According to the proposal, The GENIUS Act sets requirements for issuing payment stablecoins in the US. It would allow certain entities, including subsidiaries of insured banks, nonbank issuers, and state-chartered institutions, to legally issue payment stablecoins. Issuers must comply with bank-like regulations, including capital, liquidity, and privacy standards. Small issuers (with under $10 billion market cap) can opt…
[ad_1] Analyst Mags shares strategies to maximize Bitcoin gains in the 2025 bull run as the asset moves toward a projected $180K price. Bitcoin’s recent price movement has been marked by volatility following its surge toward $99,000 on Valentine’s Day. The asset faced immediate selling pressure, leading to a retreat to $97,000, where it stabilized over the weekend. As the new trading week began, Bitcoin saw another downturn, with the price crashing below $93,500. Meanwhile, Bitcoin rebounded above $96,000, where it has settled till this press. Amid these fluctuations, analyst Mags identified a silver lining based on historical performance post-halvings…
[ad_1] Ethereum’s ETH has been spiraling on Monday, jeopardizing a large decentralized finance (DeFi) loan on lending platform Sky (formerly Maker) of being liquidated. The borrower in danger took out a $74 million loan in DAI stablecoin by pledging 65,680 ETH as collateral, worth nearly $130 million earlier today, per a Sky vault data dashboard. In an already weak crypto prices, ETH plunged nearly 10% during the day to $1,820, below the loan’s liquidation level slightly above $1,900. Blockchain data by Debank shows that the borrower withdrew 2,000 ETH, worth nearly $4 million at current prices, from crypto exchange Bitfinex…
[ad_1] MEXC Ventures, the investment arm of crypto exchange MEXC, is investing a total of $36 million into Ethena and its USDe stablecoin, according to a press release. The firm is making a strategic investment of $16 million in Ethena and bought $20 million in USDe stablecoin to expand the adoption of synthetic dollars in decentralized finance (DeFi) and offer an alternative to fiat-backed stablecoins, the statement said. The move comes after Ethena, the developer of USDe, raised $100 million last year, which was backed by Franklin Templeton and Fidelity Investments-affiliated F-Prime Capital, among others. Known as a synthetic stablecoin,…