Author: NBTC

The Thai Securities and Exchange Commission (SEC) has proposed new regulations that would allow mutual and private funds to invest in digital assets in an effort to align with international developments and address growing interest from institutional investors. A draft proposal, published on Wednesday, is seeking public feedback on revisions to the criteria for funds investing in digital assets. The SEC is proposing to allow securities companies and asset management firms to offer services to large investors interested in diversifying into crypto-related products, such as exchange-traded funds. The regulator aims to align with international developments in digital assets and create…

Arbitrum broke above 1B transactions in the chain’s lifetime. Close to a fifth of that activity is directed to DeFi tasks. Arbitrum broke above 1B transactions, of which 17.71% went to DeFi activities, based on GrowThePie data. Arbitrum is among the most active L2 chains and has a relatively early arrival. The project started off as a VC-backed network but ended up drawing the bulk of L2 traffic. The Arbitrum One L2 rollup is also considered sufficiently decentralized and has been singled out by Ethereum’s founder Vitalik Buterin. According to metrics of decentralization, Arbitrum One is a Stage 1 chain,…

After weeks of caution, Bitcoin (BTC) traders are shaking off their fears and increasing their trading activity. This renewed momentum comes in response to the Federal Reserve’s decision to cut interest rates by 50 basis points (0.50%), reigniting market confidence. Bitcoin is now trading above $61,000 for the first time in nearly a month, signaling a potential rally on the horizon. Bitcoin Sees Resurgence in Trading Activity The Federal Reserve’s 50 basis point rate cut is expected to drive more investment into riskier assets, such as Bitcoin. This trend has already begun, marked by a positive shift in sentiment toward…

Tether’s USDT balance hit $20.3 billion on exchanges, highlighting investor confidence in market stability. Ethereum’s smart contracts and DApps drive blockchain technology beyond digital currency, enabling decentralized applications. Binance leads the crypto exchange market with its vast ecosystem and native token, BNB. Tether’s USDT continues to dominate the cryptocurrency market as its balance hits an impressive $20.3 billion, reflecting growing trust in stablecoins. Meanwhile, Ethereum, Binance’s BNB, and Sui lead the charge in blockchain innovation, with Dogecoin evolving from a meme to a powerful digital currency. Tether’s USDT Balance Hits $20.3 Billion Amid Market Trends Current price:$0.9999 Market cap:$119.245 Tether’s…

Famous legal expert James Murphy (a.k.a. MetaLawMan) suggests that Ripple file a cross-appeal regarding its XRP sales to institutions in the SEC case. Recall that Judge Analisa Torres declared that Ripple’s institutional sales of XRP were investment contracts. Consequently, the judge imposed a penalty of $125 million against the company following its violation of federal securities law through its institutional sales. Ripple Should Cross-Appeal SEC Ruling With the SEC appealing the Ripple ruling to overturn some parts of Judge Torres’ verdict, like programmatic sales, Attorney Murphy suggests that the payments company needs to also file a cross-appeal to challenge the…

Over the past few years, the Bitcoin market has rarely experienced a decline. However, current global political uncertainty and ETF performance have greatly reduced the demand for digital assets. The #Bitcoin market is currently experiencing a period of stagnation, with both demand and supply sides showing signs of inactivity. The market is characterized by minimal capital inflows and outflows, as the stagnant Realized Cap indicates.Discover more in the latest Week… pic.twitter.com/R2tw9LQd29 — glassnode (@glassnode) September 18, 2024 As a result, the magnitude of both capital outflows and inflows has decreased, leading to a noticeable decrease in market activity. The amount…

A recent study part of the European Central Bank (ECB) working paper series has concluded that stablecoins are susceptible to shocks derived from U.S. monetary policy changes. Contractionary shocks make stablecoins react negatively, being even more relevant than traditional crypto shocks to stablecoins, while money market funds (MMFs) thrive. ECB Paper: Stablecoins Are Susceptible to U.S. Monetary Policy Shocks The role of stablecoins as a refuge from shocks involving the crypto and the traditional market is being questioned by a paper published by the European Central Bank (ECB). The “Stablecoins, Money Market Funds, and Monetary Policy” paper examines the movements…

At press time, EIGEN is trading at $4.26 , at an FDV of $7.16 billion. The token will be listed on Binance and other exchanges on Oct. 1. TVL on EigenLayer has dropped by 50% since June. Restaking protocol EigenLayer’s native token (EIGEN) is now transferrable and trading at a fully diluted value of $7.16 billion. It will be listed on several centralized exchanges including Binance and MEXC on Oct. 1 at 05:00 UTC. The token debuted at $3.9 with a fully diluted value of $6.51 billion. At press time, EIGEN was up over 13% at $4.26. 1.67 billion tokens…

Crypto-backed spending in Ohio’s Senate race has hit unprecedented levels, making it the highest in the 2024 U.S. election cycle. With Election Day fast approaching, ad spending on both Democrat Sherrod Brown and Republican Bernie Moreno has exceeded $170 million. Most recently, pro-crypto super PAC Defend American Jobs (DAJ) launched a $40.8 million television ad campaign backing Moreno. Pro-Crypto vs. Anti-Crypto Candidates The Senate race between Brown and Moreno has captured significant attention from the U.S. crypto industry. Moreno, a Republican and founder of a blockchain company, is a vocal advocate for cryptocurrencies. This has drawn interest from crypto proponents,…

Billy Markus, known on the X platform as Shibetoshi Nakamoto, who created the iconic meme cryptocurrency Dogecoin in tandem with Jackson Palmer in 2013, has shared his take on the way Bitcoin price reacted to the big interest rate loosening made by the Fed Reserve. In his typical sarcastic manner, Markus pointed out that the world’s largest cryptocurrency defied all the bullish expectations. DOGE creator mocks Bitcoin bulls On Wednesday, at the scheduled FOMC meeting the US Fed Reserve announced a long-awaited interest rate cut by 50 basis points. Just a few days prior to that, experts debated whether the…