Author: NBTC
Trump administration-appointed crypto chief David Sacks has taken to social media to denounce Operation Choke Point 2.0, an alleged effort by U.S. regulators to restrict banking access for crypto firms. Sacks expressed concern about the policy’s negative impacts, tweeting that “too many stories” have emerged of people harmed by these measures. Former President Donald Trump recently promised that if he were re-elected, he would “immediately terminate Operation Choke Point 2.0” to ensure a fair and inclusive banking environment for crypto companies. Operation Choke Point 2.0 is perceived as a modern iteration of the original Operation Choke Point, which was implemented…
CryptoQuant analysts have asserted once again that cryptocurrency bull cycle is still in progress. It is at a time when speculations have arisen about the validity of bull run as the sideways movement of Bitcoin ($BTC) is taking much longer than anticipation. The analysts however, are confident that we will see good movement in Bitcoin and altcoins in the year 2025. Bitcoin price movements can often be analyzed through market cycles, with two main rising phases observed in previous bull runs. Looking at past cycles in 2013 and 2020, long-term investors saw profits during two significant growth phases before Bitcoin…
SushiSwap, a leading decentralized finance (DeFi) platform, revealed a bold roadmap for 2025. CEO Jared Grey announced several new initiatives designed to diversify and expand the platform’s offerings. Key products set for release include Wara, a Solana-based trading platform, and Susa, an on-chain order book perpetual decentralized exchange (DEX). In addition, SushiSwap will launch Kubo, a tool to create new markets using delta-neutral strategies, and Blade, a liquidity value routing (LVR) automated market maker (AMM) solution. Wara: Expanding Beyond EVM with Solana Integration SushiSwap’s ambitious plans include Wara, a comprehensive trading platform built on Solana. By expanding beyond Ethereum Virtual…
Dog-themed cryptocurrency Shiba Inu (SHIB) has seen an 880% increase in its burn rate, with 320 million SHIB tokens burned in the past seven days. According to Shibburn, 320,186,507 SHIB tokens were burned in the last seven days, representing an 880.1% surge in burn rate. Meanwhile, in the last 24 hours, 1,290,359 SHIB were burned, which on the contrary represented an 84.68% drop in the daily burn rate. HOURLY SHIB UPDATE$SHIB Price: $0.00001872 (1hr -0.21% ▼ | 24hr -3.11% ▼ )Market Cap: $11,032,919,956 (-3.03% ▼)Total Supply: 589,268,791,367,936TOKENS BURNTPast 24Hrs: 1,290,359 (-84.68% ▼)Past 7 Days: 320,186,507 (880.1% ▲) — Shibburn (@shibburn)…
The Senate Banking Committee will decide on SEC Commissioner Caroline Crenshaw’s renomination on December 11, facing industry criticism. Leaders like Coinbase’s Emilie Choi and analysts oppose Crenshaw’s anti-crypto stance, citing her rejection of Bitcoin ETFs. As Gary Gensler prepares to exit, Trump’s SEC chair nominee Paul Atkins signals potential policy shifts for crypto. The United States Senate Banking Committee will meet to decide on whether to reappoint Crenshaw as an SEC commissioner on December 11. Crenshaw lately became an ardent opponent of cryptocurrencies and incurred criticism from the industry’s representatives who consider her definitions of digital coins too restrictive. Crypto…
LookOnchain revealed that BlackRock sold 182 Bitcoin worth $11.34 million. The analytics firm added that the hedge fund currently holds over 369,640 BTC. They also highlighted that BlackRock bought 7,574 Ethereum and currently holds 414,168 Ethereum worth $1.01 billion. LookOnchain announced that BlackRock sold Bitcoin worth $11.34 million and bought Ethereum worth $18.52 million. The blockchain analytics firm also stated that BlackRock holds 369,640 BTC, which is currently valued at over $23 Billion. BlackRock sold $BTC and bought $ETH! BlackRock sold 182 $BTC($11.34M) and currently holds 369,640 $BTC($23.02B).https://t.co/kqNUqHBiTn BlackRock bought 7,574 $ETH($18.52M) and currently holds 414,168 $ETH($1.01B).https://t.co/sefS6WTlHz pic.twitter.com/ljZW1Nn1xc — Lookonchain…
Stacks has announced the launch of a 35% annual percentage yield for Hermetica’s stablecoin USDh, setting a record for the Stacks DeFi ecosystem. In a recent post on Dec. 9, the Bitcoin (BTC) layer-2 scaling solution Stacks reveals the launch of a 35% annual percentage yield on its DeFi ecosystem. This yield marks a new all-time high for the Stacks (STX) ecosystem and is available through Hermetica’s stablecoin USDh. “Shoutout to the incredible Bitcoin builders on the leading Bitcoin L2 for pushing the boundaries of what’s possible on Bitcoin!” said the official Stacks account in their post. The Bitcoin DeFi…
An unusual mystical transfer of tens of millions of Dogecoin (DOGE) tokens took place today on the world’s largest crypto exchange, Binance. Thus, according to a report by Whale Alert, 176.64 million DOGE, worth more than $25.05 million, were transferred to Binance today, Oct. 20. The transfer was made from an address with the code “DD1h9.” This wallet is not new and has an extensive transaction history. There is not much DOGE left on it now, but all over the time almost 15.54 billion coins have passed through the wallet, equivalent to $2.16 billion at current prices. So we can…
The U.S. Securities and Exchange Commission (SEC), led by outgoing Chairman Gary Gensler, is reportedly preparing to reject multiple applications for Solana spot ETFs, potentially deferring their approval to the incoming administration under President-elect Donald Trump. Fox Business journalist Eleanor Terrett revealed that at least two of the five potential issuers have been notified of the SEC’s potential rejection. Sources suggest the regulator is unwilling to approve any new cryptocurrency ETFs in the final months of the Biden administration. Bloomberg Intelligence analyst Eric Balchunas called Gensler’s stance a “parting gift” to the crypto industry. Another Bloomberg Intelligence analyst, James Seyffart,…
The Bitcoin ongoing rebound, reclaiming the $62,000 price mark once again today, has sparked renewed optimism in the cryptocurrency community. According to a recent analysis by CryptoQuant analyst Crypto Dan, the current market is still amid a bull cycle, with promising long-term prospects for Bitcoin holders. While the market has faced some short-term turbulence, key indicators suggest that more gains may be on the horizon. Bull Run Is Still In Progress Crypto Dan’s insights, shared on the CryptoQuant QuickTake platform, highlight how Bitcoin’s current movement mirrors patterns seen in previous bull cycles. Specifically, Dan noted that long-term investors realized profits…