Author: NBTC
Bitcoin is the crypto sector’s top asset and is also universally defined by U.S. regulators and courts as a commodity, putting it under the jurisdiction of the Commodity Futures Trading Commission. That agency is now seeking public comments on whether it should open the wider world of derivatives to around-the-clock trading, as already executed for bitcoin and other digital assets. Though the CFTC is expected to be established as a crypto market regulator in Congress’ ongoing effort to establish industry rules, the agency’s invitation for comments issued on Monday doesn’t explicitly discuss digital assets oversight. The request notes that “technological…
Bitcoin’s price rose again–even as stocks fell–spurring many traders who bet against the asset to close their positions. Over the past 24 hours, investors have liquidated more than $97 million in BTC short positions, according to data provider CoinGlass. Investors have closed nearly $180 million in short positions for all cryptocurrencies. The price of the biggest digital coin by market cap was recently trading at roughly $86,800, gaining 2.7% over the past 24 hours, crypto markets data provider CoinGecko showed. That was down from over $88,200 shortly after U.S. markets opened–its highest point since the end of March, but still…
The South Korean crypto market reflected the shifting sentiment in Q1. The retail-driven market may soon start to invite institutions, based on the latest Kaiko report. The South Korean crypto market slowed down in the first quarter of 2025, reflecting the general trend on other global centralized exchanges. The country’s markets rallied hard at the end of 2024, reaching a peak of $300M in daily volumes, per the latest Kaiko report. However, the first months of 2025 cooled down the enthusiasm. The South Korean crypto market usually served as an arena for some of the hottest altcoins. The country’s exchanges…
Today, April 21, crypto analyst, Onchain Lens, spotted a prominent whale who completely exited the SPX6900 (SPX) market. Three days ago, the whale completely sold 9 million SPX tokens for $3.88 million USDC at an average price of $0.432 per coin. In the past 3 days, a crypto KOL (@oxvyz) has completely sold 9M $SPX for $3.88M $USDC at an average price of $0.432.Address: 0xd3c1e839be4a9c52de9669c4f8e8af67104ba21b pic.twitter.com/G2gA1KPzT3 — Onchain Lens (@OnchainLens) April 22, 2025 Whale sells amid price surge This whale appears to be a long-term investor who bought the 9 million SPX tokens and held them for quite some time.…
President Donald Trump will attend Paul Atkins’ private swearing-in ceremony as US SEC Chair, according to the president’s schedule on Roll Call first shared by journalist Eleanor Terrett. The event is set to take place today at 4:00 PM ET in the Oval Office. Source: Eleanor Terrett Atkins, nominated by Trump to run the nation’s top financial regulatory agency, formally assumed office on April 21 after receiving Senate confirmation earlier this month. He now works alongside fellow Commissioners and the agency’s staff to advance the SEC’s mission to facilitate capital formation, maintain fair, orderly, and efficient markets, and protect investors.…
South Korea’s leading cryptocurrency exchange Bithumb has announced that Pump (PUMP) will be listed on the KRW (Korean Won) market, with trading set to begin at 18:00 on Tuesday, April 22. Bithumb to List Pump (PUMP) on KRW Market on April 22 Pump will only be supported on the BNB Smart Chain, and users are advised that deposits via other networks will not be supported. The reference price for listing is set at 249 KRW, and deposits require 15 confirmation blocks. On some offshore exchanges, the token may be labeled as “PumpBTC,” and users are advised to carefully verify the…
Bitcoin (BTC) is taking a stand even as the broader stock market keeps sliding down to its tariff-related lows on Easter Monday. The top cryptocurrency is up 2.3% in the last 24 hours and now trading for $86,800 for the first time since April 3—the day after the Trump administration unveiled its new tariff policy. Mainly buoyed by bitcoin, the broader market gauge CoinDesk 20 Index has risen 1.17% in the same period of time, with most tokens relatively unchanged. Crypto-linked stocks have also remained stable, with Coinbase (COIN) and Strategy (MSTR) down 1.2% and 1.3% respectively, and major bitcoin…
The European Central Bank (ECB) cut interest rates by another 25 basis points today, but the crypto market has hardly noticed. This highlights the European market’s declining influence over the crypto sector compared to the US. Meanwhile, the crypto community is praying for rate cuts in the US, and false tariff rumors caused a massive pump. These policies still matter, but Europe is losing its macro influence. The ECB Cuts Rates To Crypto Ambivalence Global recession fears are circulating throughout the crypto market, and regulation plays a key role in them. US investors have been desperate for a rate cut…
When, What, and How: Everything You Need to Know TL;DR:IOTA’s Rebased upgrade launches on 5.5.2025. This guide covers what happens during the upgrade, how to access your assets, and what’s next for the IOTA network. The date for the highly anticipated IOTA Rebased network upgrade has been set! On 05.05.2025, we will officially migrate from the Stardust network to the new IOTA network. This post explains exactly what to expect during the upgrade, how users can access their assets, and what comes next. The following is an overview of the important milestones leading up to and following the IOTA Rebased…
On Tuesday, April 21, Paul Atkins was sworn in as the new chairman of the Securities and Exchange Commission (SEC). On Thursday, April 24, the SEC will hold a closed meeting — and many are speculating, could it augur the conclusion of the longstanding Ripple v. SEC case? Despite Ripple Labs Chief Executive Officer (CEO) Brad Garlinghouse’s March 19 announcement that the case was concluded, a binding, legal resolution has not yet been reached. In the meantime, XRP has experienced negative price action. The token’s price has decreased by 17.64% from a post-announcement high of $2.55 down to $2.10 at…