Author: NBTC

Backpack Exchange has acquired FTX EU, the former European arm of FTX. With the acquisition, Backpack’s new EU arm will offer a full suite of crypto derivatives throughout the European Union including perpetual futures. As part of the acquisition, Backpack EU will undertake responsibility for distributing the previously court-approved FTX bankruptcy claims to FTX EU customers. In addition to compliant product offerings, Backpack EU will provide seamless integration with traditional payment rails including instant, low-cost Single Euro Payments Area (SEPA) payments and wire transfers in major currencies across the region. What is Backpack Exchange? Backpack Exchange is a regulated global…

Wall Street sees a potential 20% upside in MicroStrategy stock, citing its crypto-driven strategy. As reported by Seek Alpha on Jan. 13, Brett Knoblauch, who is the Head of Crypto and Digital Assets Research at Cantor Fitzgerald, said that he believes the MicroStrategy (MSTR) stocks would reach $613. Currently, the average price of MSTR on Wall Street sits at $518. If MSTR reaches $613, its stock prices would boost up roughly 20%. Cantor Fitzgerald just boosted their price target on $MSTR from $518 to $613. 👀 Getting a little cliche to say Trump insiders know something, but I like the…

Decentralized exchange HyperLiquid announced the launch of HYPE, a native token that will be airdropped to early adopters on Friday. One billion tokens will be issued, with 31% going to users who earned points in a campaign that ended in May. A further 23.8% will be set aside for current and future core contributors, the latter of which will be locked for one year. HyperLiquid has more than 220,000 users and has racked up $2.4 billion in trading volume over the past 24 hours. Points campaigns have become increasingly common in the decentralized finance (DeFi) sector this year as they…

Trump’s SEC and CFTC picks could shape the future of crypto regulation amid escalating scrutiny on platforms like Crypto.com. The CFTC’s probe into Crypto.com’s event contracts highlights growing tensions between innovation and compliance in U.S. crypto markets. Regulatory ambiguity over “gaming” threatens crypto innovation as the CFTC’s proposed bans face industry pushback and legal challenges. Trump’s transition team is preparing to name temporary heads of several financial regulatory organizations in the days leading up to the inauguration. These important rulings revolve around the SEC and CFTC. Hester Peirce and Mark Uyeda, both Republican commissioners, are leading candidates for the SEC’s…

Namibia’s central bank has granted the first set of provisional licenses to two cryptocurrency exchanges. According to local media, citing a recent media statement from the regulator, the Bank of Namibia has granted provisional authorization to Mindex Virtual Asset Exchange (Pty) Ltd. and Landifa Bitcoin Trade CC to operate as virtual asset service providers. However, they won’t be able to offer services to the public until they receive final approval from the central bank. The provisional licenses, valid for six months, allow the companies to establish their operations, hire staff, and set up the required infrastructure. Final approval will only…

Bitcoin, the leading cryptocurrency by market cap, recently hit a new record high of $97,836, according to CoinGecko data. The leading cryptocurrency is up by nearly 6% over the past 24 hours, with its market cap now approaching the $2 trillion mark. The recent rally comes after massive inflows recorded by Bitcoin ETF products on Wednesday. BlackRock’s IBIT alone recorded $626.5 million in fresh money. Fidelity’s FBTC also recorded $134 million in fresh inflows. The odds of Bitcoin reaching the $100,000 level this November have now surged to as high as 81% on popular betting site Polymarket. Bitcoin is already…

Ripple President Monica Long predicts that some of the world’s largest banks could launch market-ready tokenized asset offerings in the U.S. this year. Long made the prediction today in response to a recent statement from Frank Chaparro, the host of The Scoop podcast. In an X post yesterday, Chaparro suggested that large banks can do anything if allowed to custody crypto assets. He speculated that this move could unlock greater liquidity, support the crypto market structure, and reduce volatility associated with crypto assets Notably, Chapparo’s projection comes amid discussions that Donald Trump’s transition team, alongside his newly appointed White House…

Ethereum Name Service (ENS) and Ethena (ENA) turned up as the biggest gainers in the crypto market over the last 24 hours while Bitcoin (BTC) took another chance to hit $100k. Major altcoins like Ethereum (ETH) and XRP also rallied over 4% as the market sentiments remained “Extreme Greed”. The global crypto market printed green indexes all around since Bitcoin surged above $97,000, fueling speculation about a potential breakout. BTC gains were pared back to nearly $95,500 after a confident attempt. The cumulative digital assets market cap is up over 2% to stand at $3.3 trillion with a trading volume…

US President-elect Donald Trump plans to make cryptocurrency a “National Priority” policy right upon his inauguration. According to reports, Trump’s team is also planning to create a crypto advisory council for offering a supportive environment for insiders to voice out their opinions within his administration. Donald Trump’s open support for the crypto industry is not unknown. In fact many experts are of the opinion that Trump might introduce executive orders focusing on cryptocurrency on the first day of his presidency. Trump is anticipated to discuss topics such as de-banking and overturning a crypto accounting rule that mandates banks holding digital…

Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has officially introduced FarmX, a decentralized farming platform, to SpaceS, its Telegram game bot, as learned by Finbold on Wednesday, January 15. The novel farming platform will allow both beginner and experienced crypto users to earn rewards by doing simple farming tasks and participating in platform campaigns. Furthermore, the additional layer to the play-to-earn system is designed to further motivate gaming participants within the broader SpaceS ecosystem. A thriving space-themed Web3 community Bybit SpaceS is a dynamic Web3 community with over 3 million players immersed in its space-themed gameplay. Beyond its…