Author: NBTC

US senators are currently debating new crypto legislation, including rules that could affect stablecoins and market structure laws. Meanwhile, the crypto industry has been investing heavily in campaign donations and super-PAC spending across the Senate and House. However, despite this increasing interest in the ecosystem, it’s still relatively uncommon for the financial disclosure documents for senators to include exposure to crypto companies. Read more: CHART: Wasn’t Trump supposed to be good for crypto? The increasing integration of crypto into existing financial firms also leads to some ambiguity about whether or not certain exposure is truly crypto exposure. Consider Alabama. Republican…

Former Goldman Sachs executive Raoul Pal says one Solana (SOL) competitor is his “favored child.” Pal tells his 1.1 million followers on the social media platform X that if he had to “have a favorite,” the layer-1 chain Sui (SUI) would look preferable to Solana. The Real Vision chief executive shares a chart comparing the SUI/USD price to the SOL/USD price, with SUI/USD looking like it’s on the cusp of breaking out of resistance. Source: Rekt Capital/X SUI is trading at $2.97 at time of writing. The 13th-ranked crypto asset by market cap is up more than 21% in the…

Paul Atkins’ first public event as chairman of the U.S. Securities and Exchange Commission was a crypto roundtable on Friday, where the new agency chief devoted his inaugural speech to assuring the industry that he’ll continue to remake securities policy to favor digital assets innovation. The agency and industry have been awaiting congressional action to establish crypto market-structure oversight that will likely set guardrails, and Atkins told an audience at the SEC’s Washington headquarters that the regulator will work toward delivering “a rational, fit-for-purpose framework” for crypto. However, in answer to a question from CoinDesk after his speech, Atkins indicated…

Crypto exchange OKX has appointed Jonathan Brockmeier, a former compliance officer at fintech firm Thunes, as its new Chief Compliance Officer. OKX announced the leadership change on April 24, confirming that Brockmeier is officially stepping into the role. He replaces Vanessa Zhang, who is departing the company, according to OKX founder Star Xu. Brockmeier previously helped establish the Americas Compliance Department at Singapore-based payments platform Thunes. He also held a compliance leadership role at global payments firm Zepz. Commenting on the appointment, Xu stated: “Jonathan brings an exceptional track record in global regulatory leadership, deep expertise in financial compliance, and…

As Bitcoin (BTC) edges closer to the psychologically significant $100,000 milestone, several technical and on-chain indicators suggest that a major breakout could be on the horizon. One such metric – Bitcoin’s Apparent Demand – has shown a strong rebound, signalling renewed interest and sustained accumulation in the market. Bitcoin Sees Sharp Rebound In Apparent Demand According to a recent CryptoQuant Quicktake post, contributor IT Tech pointed to a significant rise in BTC’s Apparent Demand. Most notably, this key indicator has returned to positive territory after spending several consecutive weeks in the red. For the uninitiated, Bitcoin’s Apparent Demand (30-day sum)…

They call him “El Presidente.” But unlike the other President, Dave Portnoy draws a line at launching a memecoin. He worries his followers will lose their shirts. “I got involved in memecoins because I wanted to launch a Barstool memecoin, but I didn’t want my fans and followers to lose money,” he said in an interview with CoinDesk. Memecoins are “legalized Ponzi schemes,” he said, “there’s no value to it, so you gotta get in and get out before it crashes.” [Note: memecoins aren’t legalized in the U.S. but they are popular.] While Portnoy hasn’t launched a Barstool branded memecoin,…

BlackRock XRP ETF Delay Market observers say BlackRock sees little incentive to rush into the XRP ETF market. The firm is already generating significant profits through its Bitcoin and Ethereum ETFs. Its Bitcoin ETF boasts over $30 billion in assets, while its Ethereum ETF recently crossed the $1 billion mark within just two months. Given the success of these products, BlackRock appears content to prioritize assets with higher liquidity and stronger institutional demand, leaving XRP on the backburner for now. Bitwise CIO Matt Hougan notes that while interest in XRP is growing, it hasn’t yet reached the levels needed to…

Senator Cynthia Lummis, the SBR evangelist, has said that she will continue to hold the Fed accountable until crypto is fully supported. This is in relation to the Fed’s withdrawal of crypto rules for banks, which has ended “Chokepoint” practices. According to reports, Lummis said that she will “continue to hold the Fed accountable until the digital asset industry gets more than a life jacket.” Lummis and the Fed – A relationship that won’t work Lummis was in the first line of exposing the Federal Reserve’s involvement in the crypto industry’s debanking under former President Joe Biden. The Fed had…

Binance today announced that it will be removing a number of Cross Margin and Isolated Margin trading pairs from its platform on May 7, 2025, at 09:00 as part of a planned update to its margin trading services. Binance to Delisting Multiple Margin Trading Pairs on May 7, 2025 Effective immediately, users can no longer manually transfer assets related to the affected pairs to their Isolated Margin accounts unless it is to cover outstanding liabilities. Automatic Transfer Mode has also been disabled for these assets. In preparation for removal: Binance Margin will suspend isolated margin borrowing for affected pairs on…

Cryptocurrency analytics firm Santiment has published a remarkable assessment of Bitcoin’s (BTC) recent price movements. According to the analysis, BTC’s rise above the $95,000 level, reaching its highest value since February, has brought winds of optimism to the crypto community. Data from Santiment shows that bullish sentiment for Bitcoin has increased significantly on social media, with the firm describing the rally as “the largest bullish share increase since the night of Trump’s election victory on November 5, 2024.” However, Santiment warned that the crypto market could see a sideways trend or a slight pullback as we enter the weekend. According…