Author: NBTC
SHIB burn rate and price note a resurgence, but volume remains in the red. What does this mean for the SHIB ecosystem? After several days of declining burn activity, it appears that Shiba Inu has resumed its regular large-scale token burns. Data from blockchain tracking firm Shibburn shows a massive 580.28% increase in SHIB’s burn rate over the last day. This comes amid a broader crypto market rebound, with overall crypto market capitalization surging by 4.27% as of press time. SHIB has also mirrored the uptrend in its burn metric, climbing 5.89% in price over the same period. 16,607,692 SHIB…
WASHINGTON, D.C. — The U.S. Securities and Exchange Commission could consider a short-term crypto oversight framework to allow firms to keep innovating while the agency works out a more permanent answer to digital assets regulation, interim Chairman Mark Uyeda suggested during a Friday event at the agency’s Washington headquarters. “We should consider whether there may be a more efficient method of regulation under an accommodating federal regulatory framework,” said Uyeda, in a recorded statement played at the agency’s latest crypto industry roundtable. “While the Commission works to develop a long term solution to address these issues, a time-limited, conditional exempt…
ETH was rejected at the key resistance at $1,755, which is the 20-day EMA. BlackRock’s ETHA saw a massive $6.4 million in inflows but ETH crashed 2.2%. Santiment stated that ETH is a good buy for 2025, maintaining a bullish outlook. Ethereum (ETH), currently trades at $1,559.83, down 2.2% in the last 24 hours, struggling to regain bullish momentum and break out above the $2,000 price level. Despite attempts to push higher — briefly touching a daily high of $1,621.53 — ETH was rejected near the critical resistance level of the 20-day EMA, currently at $1,755. BlackRock’s $6.4M ETH Buy…
Crypto traders are leaning into absurdity during a time of tariff volatility and broader market uncertainty, catalyzing the recent surge around Fartcoin and other Solana-based meme coins inspired by topics like flatulence and anatomical features. Fartcoin is up 30% in the last 24 hours to $0.96, marking a 97% gain in the last seven days and nearly 250% jump in the last 30 days, according to CoinGecko. During a time when major coins have taken hard hits and some remain well down—Ethereum is down 13% on the week—why is Fartcoin resonating with traders? There may be comfort in nonsense, or…
The SEC’s leadership suggested Friday it would be open to establishing a so-called regulatory sandbox for digital assets that would allow crypto exchanges to freely experiment in novel sectors—including, potentially, offering the trade of tokenized securities. Tokenized securities are versions of traditional securities offerings, like stocks and bonds, that are issued as fungible assets on blockchain networks. In remarks preceding the agency’s second-ever digital assets roundtable on Friday—this one focused on crypto trading—Republican commissioners floated the idea of issuing exemptions that would soon allow crypto exchanges like Coinbase to dabble in offering tokenized securities alongside crypto products. “I encourage market…
A draft bill in the US Senate proposes imposing fees on data centers supporting blockchain networks and AI models that surpass federal emissions targets. The bill, spearheaded by Senate Democrats Sheldon Whitehouse and John Fetterman, is designed to tackle the environmental effects of increasing energy demand while shielding households from higher energy costs, according to Bloomberg. Key provisions of the Clean Cloud Act and industry reactions Named the Clean Cloud Act, the proposed legislation requires the Environmental Protection Agency (EPA) to establish an emissions performance standard for data centers and crypto mining facilities with more than 100 KW of installed…
Twitter founder Jack Dorsey recently said that the Bitcoin community should focus on scaling payments in order to remain relevant. “I think it has to be payments for [Bitcoin] to be relevant on the everyday,” he told Haley Berkoe on the 21 in 21 podcast. I disagree. As someone in the trenches with Bitcoin builders, who also talks to market-makers and investors, I fundamentally disagree with the idea that payments are the path forward for actual Bitcoin adoption. The only way to grow Bitcoin’s relevance is by creating more functionality for everyday users to do something with their bitcoin that…
According to on-chain analytics platform Glassnode, Ethereum, the second-largest cryptocurrency by market capitalization, appears to be range-bound between $1,548 and $1,599, where nearly 793,900 and 732,400 ETH are being held, respectively, indicating market indecision as bulls and bears battle for control. Though this remains significant, what is catching further attention is a support zone forming around $1,461. According to Glassnode, support may be building at this key level, where a whopping 380,000 ETH have been accumulated. Looking at Cost Basis Distribution, #Bitcoin has built notable support at $79K, with ~40K $BTC accumulated there. It has also worked through the $82.08K…
FED officials emphasized that cautious steps should be taken in interest rate policy in the current economic outlook. Chicago Fed President Austan Goolsbee and Boston Fed President Susan Collins made important assessments on interest rates, inflation and trade tariffs. Chicago Fed President Austan Goolsbee stated that the course of the economy should be monitored before taking a new step in interest rate policies. “Right now, the Fed’s threshold for policy changes is quite high,” Goolsbee said, adding that all policy options should be kept on the agenda. Goolsbee said current tariffs will increase inflation and negatively impact economic growth in…
A New York judge ruled Friday that the majority of New York Attorney General Letitia James’ civil securities fraud suit against crypto venture firm Digital Currency Group (DCG) and two of its executives can proceed to trial. In 2023, James sued James sued DCG and its CEO Barry Silbert, DCG’s now-bankrupt lending arm Genesis Global Capital and its former CEO Michael Moro and crypto exchange Gemini, alleging that they worked together to cover up a gaping $1 billion hole in Genesis’ balance sheet caused by the wipe-out of Singapore-based crypto hedge fund Three Arrows Capital (3AC) in 2022. James said…