Author: NBTC
Teresa Goody Guillen, the potential next Securities and Exchange Commission Chair has highlighted the major changes coming into the agency under Trump’s presidency. Guillen shared her enthusiasm for making “SEC great again!” and “crypto great again!” on her X post, while sharing the press release about Gary Gensler’s departure from the position. She says that “SEC must restore trust, engage with industry, and end regulation by enforcement” while chanting Trump’s popular slogan. Furthermore, she pointed towards SEC’s reformation towards protecting investors and staging America as a prominent country on the world’s financial front. “It’s time to knockdown needless obstacles, remove…
Deribit will integrate Ethena’s USDe as collateral by January 2025. USDe’s decentralized model uses derivatives, unlocking new structured products. Ethena’s governance token ENA token hit an intraday high of $0.63 on the integration news. In a groundbreaking move for the cryptocurrency derivatives market, Deribit, one of the world’s largest crypto derivatives exchanges, has revealed plans to integrate Ethena’s synthetic dollar, USDe, into its cross-collateral pool. This integration, set to launch in early January 2025, is contingent upon receiving regulatory approval. USDe’s integration into Deribit Exchange Ethena’s USDe, a synthetic stablecoin pegged to the US dollar, offers unique decentralized backing through…
U.S. Bitcoin exchange-traded funds have captured institutional demand after legacy firms initially expressed skepticism toward Wall Street’s new crypto asset class. American institutions have acquired $13 billion worth of spot Bitcoin (BTC) ETF shares since trading opened in January, CryptoQuant CEO Ki Young Ju said on Oct. 22 via X. Citing Form 13F filings, a quarterly document wealth managers use to disclose U.S. equity holdings, Young Ju noted that 1,179 institutions have amassed 193,064 BTC in 10 months. Institutional ownership of U.S. #Bitcoin Spot ETFs is around 20%, with asset managers holding 193K BTC (per Form 13F filings). pic.twitter.com/9YTOEH3G5w —…
A cryptocurrency trading expert has identified Ethereum’s (ETH) latest price surge as a key signal for the start of a new bull market, potentially propelling the asset to as high as $8,000 in the coming months. This momentum follows Ethereum’s breakout from a prolonged consolidation phase, which has signaled robust bullish sentiment as the asset edges closer to key resistance levels and the possibility of a new all-time high. Technical indicators point to a bullish breakout Alan Santana, a prominent cryptocurrency analyst, highlighted that Ethereum’s price rebound is largely anchored by the 200-day moving average (MA200), a critical long-term support…
President-elect Donald Trump has nominated Howard Lutnick, CEO of Cantor Fitzgerald, to be the next Secretary of Commerce. Lutnick, a Wall Street figure and a vocal supporter of Trump, is expected to play a key role in shaping the administration’s economic agenda. He was also part of Trump’s transition team and is well-known for leading Cantor Fitzgerald, a company he steered through the aftermath of the 9/11 attacks. Now, in a major development and as reported by WSJ, Cantor Fitzgerald, under Lutnick’s leadership, has acquired a 5% stake in Tether, the world’s largest stablecoin issuer, valued at approximately $600 million.…
James Donaldson, better known as MrBeast, is a veritable YouTube superstar. Once a media darling on account of several charitable videos, he appears to be attracting an endless stream of controversy in 2024. Donaldson’s stroke of bad luck began when close collaborator Ava Kris Tyson was accused of impropriety involving a minor — just weeks later, a former employee alleged widespread fraud that would amount to running an illegal lottery — one aimed at children. However, this latest development just might prove to be a turning point for the YouTuber’s career. An initial investigation showed that MrBeast profited as much…
JPMorgan Chase has now paid more than $40 billion in total fines and settlements to regulators, enforcement agencies and lawsuits related to anti-competitive practices, securities abuses and other violations. That’s according to new numbers from the public Violation Tracker, a corporate misconduct database that tracks cases from the year 2000 until now. In the last seven quarters alone, JPMorgan Chase has paid a whopping $2 billion to settle a list of accusations against the banking giant, reports Wall Street on Parade. The bank has paid the sum to settle accusations of criminal misconduct, regulatory violations, market manipulation and alleged involvement…
Main Takeaways Binance is committed to responsible growth and strong regulatory compliance, seeing it as a key component of protecting its users and the wider ecosystem. Throughout 2024, we have been expanding our compliance and risk teams, focusing on both the quantity and quality of hires to meet the demands of a maturing crypto sector. The addition of new leaders with extensive experience in financial crime prevention, compliance governance, special investigations, and more has strengthened Binance’s ability to navigate complex regulatory environments and support its compliance initiatives. As global crypto adoption continues to ramp up, Binance stands at the forefront…
Sminston With, a crypto analyst, has predicted that Bitcoin’s (BTC) price could surpass $200,000. This forecast came on the same day that the Bitcoin price failed to hit the widely expected $70,000 mark. However, With suggests that the prediction might not come to pass this year or next. In this analysis, the platform reveals how the analyst arrived at this conclusion and whether Bitcoin has a chance of hitting this target. Bitcoin Decay Model Suggests Higher Highs, Analyst Reveals On Monday, October 21, With posted on X (formerly Twitter), saying that BTC could hit between $199,106 and $207,623. The analyst…
Ethereum is undergoing its most prolonged inflationary period, with over 350,000 ETH (worth around $1.1 billion) added to its supply since the March Dencun upgrade, according to Ultrasound.money data. Ethereum’s current inflation rate is 0.35%. The increase has brought the total supply to 120.4 million ETH, leaving just under 95,000 ETH to match the levels seen at the Ethereum Merge in Sept. 2022. ETH’s nearly two years of supply reduction have been wiped out in just seven months since EIP-4844, also known as Dencun or Proto-Danksharding. How Dencun altered Ethereum’s supply dynamics The Dencun update introduced significant changes that reduced…