Author: NBTC
The U.S. Senate has recently made significant strides toward stablecoin regulation, marking a turning point for digital currencies. Stablecoin Bill Advances in Senate: Could It Strengthen US Dollar DominanceThe GENIUS Act, a bill to establish a framework for stablecoins, has passed a key committee vote. The GENIUS Act Takes a Major Step Forward Earlier this month, the Senate Banking Committee advanced the GENIUS Act with an 18–6 bipartisan vote. This move marks a crucial step toward creating a formalized federal framework for stablecoins. The bill defines payment stablecoins as digital assets used for payments or settlements, with issuers committing to…
Linea product head says the project will wait for the crypto market to turn bearish again before launching its token generation event. In a recent post, Declan Fox responds to the results of a poll regarding the project and its community. So far, around 1,000 users have voted on the polls and most have expressed that they are still waiting on a Linea token airdrop to happen. Based on the poll results, Fox revealed that the team behind the Consensys-backed protocol has chosen to wait for the market to turn bullish again before launching a TGE. “My takeaways are still…
According to a post from Eleanor Terrett on X, the SEC has decided to delay its decision to allow WisdomTreeFunds and VanEck to process in-kind creations and redemptions for their BTC and ETH spot ETFs until June 3. She explained that “in-kind” involves exchanging the underlying assets (like Bitcoin and Ethereum) directly without the need to convert in and out of cash, a rule the Gensler SEC enforced. The regulator was against in-kind creations because they help people avoid taxable events, even though they also help maintain liquidity and price stability. The SEC is delaying its decision to allow in-kind…
PEPE Games, an immersive Web3 game platform featuring the PEPE meme, has announced a strategic partnership with the well-known Web3 marketing firm Orbler. This collaboration is designed to maximize the impact of PEPE Games’ offerings, marking a substantial milestone in its business journey. As an innovative solution platform, Orbler has worked with a wide variety of clients within the blockchain industry to bring Web3 projects to market. It is, therefore, a good fit to help PEPE Games manoeuvre the advancing world of the gaming industry. 🚀 Orbler is partnering with @PEPEGAMES_69! 🎮 Introducing PPG—the first meme-themed Web3 gaming hub on…
Bitcoin has felt the impact of the ongoing global tariff tensions, with little to no upward momentum. The asset appears to have paused its bull run, dampening investor expectations for a near-term recovery. Currently trading just above $77,000, BTC has declined nearly 30% from its all-time high, including a 1.6% drop in the last 24 hours. Amid this, a recent insight from CryptoQuant contributor Onchained suggests that Bitcoin is nearing a significant threshold that could determine the asset’s next major direction. Bitcoin Realized Price Levels in Focus Onchained’s latest analysis points to the convergence of Bitcoin’s spot price with its…
Coinbase stock sank to a seven-month low on Friday as the U.S. equities market continued plummeting in response to President Donald Trump’s recent tariff announcements. Shares in the American crypto exchange fell more than 13% at one point during Friday’s trading session and remain 6.38% below market open at the time of writing. They are now trading 54% below their 52-week high of $349.75, their lowest point since September 2024. Other leading crypto adjacent stocks are also sliding heavily in the broader market selloff. Losses are extending among Bitcoin miners, just days after the group collectively posted their worst trading…
XRP could rise to $12.50 before President Trump leaves office, investment bank Standard Chartered (STAN) said in a report on Tuesday initiating coverage of the Ripple-related token. Standard Chartered predicts that XRP will reach $5.50 by the end of this year, $8 by 2026 year-end, $10.40 by the end of 2027, and $12.50 by end-2028. At the time of writing, XRP was trading almost 9% higher at $1.94. The bank noted that XRP rose sixfold following Donald Trump’s election victory in November, reflecting expectations that the Securities and Exchange Commission (SEC) would drop its appeal against Ripple, and because of…
The US Department of Homeland Security’s “El Dorado Task Force” is reportedly investigating crypto bank Anchorage Digital and is probing company employees over the bank’s practices and policies. That’s according to news outlet Barron’s, which cites unnamed sources familiar with the inquiry. The nature of the inquiry is currently unclear, and both the US Homeland Department and Anchorage declined Barron’s request for comment. Anchorage was the first federally chartered crypto bank in the US and partnered with Cantor Fitzgerald last month on its bitcoin (BTC) financing business. Read more: MANTRA CEO says ‘reckless’ exchanges caused OM token collapse In 2022,…
Circle Internet Financial, the issuer of the USDC stablecoin, has delayed its plans for an initial public offering due to current market volatility. The company had been preparing to go public on the New York Stock Exchange under the ticker symbol “CRCL,” with JPMorgan Chase & Co. and Citigroup Inc. as lead underwriters. But, “Circle had been nearing its next steps in going public, but is now watching anxiously before deciding what to do,” according to the Wall Street Journal. This postponement aligns with a broader trend of companies reassessing IPO timelines amid economic uncertainties. Circle confidentially filed a draft…
Hex Trust, a leading digital assets financial institution specializing in custody, staking, and market services, today announced expanded support for Stacks (STX) and sBTC, Stacks’ decentralized Bitcoin-backed asset, further cementing its role in advancing Bitcoin DeFi adoption. This development follows Hex Trust’s existing partnership with the Stacks Asia Foundation to integrate Stacks-based assets and DeFi on-ramps. With Bitcoin holdings highly concentrated in Asian and UAE markets, Hex Trust is uniquely positioned to meet institutional demand in these regions. Clients are increasingly seeking ways to put their Bitcoin to work safely and securely. sBTC has emerged as the ideal solution, offering…