Author: NBTC
U.S. lawmakers are moving closer to finalizing stablecoin legislation as crypto industry leaders and banking representatives meet in Washington to review a proposed agreement that could reshape the way stablecoins operate in the financial system. The discussions, held on Capitol Hill, revolve around a compromise related to the Clarity Act. Although the full text is still not public, emerging signals suggest strict limits on the rewards of stablecoins and greater controls on how such products are presented to users. 🚨🗞️NEW: Crypto and Bank Reps Head to Capitol Hill to Review Stablecoin Deal as Details Remain Under Wraps Some crypto industry…
Cardano Midnight ($NIGHT) has been listed on Australia’s leading cryptocurrency exchange, CoinSpot. In a post on X, CoinSpot announced the development, signaling the availability of $NIGHT for trading on their platform. CoinSpot adds Cardano Midnight to expand privacy crypto access Notably, with the listing of the privacy-focused asset, CoinSpot users can now buy, sell or trade the token on the exchange. The crypto exchange has gone a step further to promote the Cardano Midnight on its platform. CoinSpot has employed a social media giveaway campaign to attract usage of $NIGHT to the exchange, as is customary for any related crypto…
Ethereum price failed to clear the $2,200 zone and declined. $ETH is now consolidating above $2,020 and might struggle to start a recovery wave. Ethereum started a fresh decline from the $2,200 zone. The price is trading below $2,120 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $2,135 on the hourly chart of $ETH/USD (data feed via Kraken). The pair could start a fresh decline if it stays below the $2,120 resistance. Ethereum Price Dips Further Ethereum price failed to stay above $2,150 and started a fresh decline, like Bitcoin. $ETH…
The People Power Party in South Korea is attempting to eliminate the proposed taxes on digital assets to ensure fairness for investors. While the party is pushing for fairness, the Bank of Korea recently nominated a known stablecoin skeptic with a preference for tight monetary policies as its governor. Why does the People Power Party want to scrap the crypto tax entirely? The People Power Party has taken a firm stance against the virtual asset taxation system that was originally scheduled to be implemented in January 2027. Party leadership is set to hold a high-profile private meeting at the Coin…
Negative reactions to cryptocurrency exchange Coinbase using its notifications to push bets on event contracts amid the March Madness basketball tournament range from “annoying” to “absurd.” In January, Coinbase rolled out prediction market bets for US-based users as part of a partnership with Kalshi. However, for some users, the last two months have been seen as an opportunity for the exchange to get people “hooked on sports gambling” using an app that many had devoted to crypto trading. “I have received three separate notifications about College Basketball from Coinbase in the past *hour* alone,” said X user AvgJoesCrypto on Thursday.…
Binance’s Ethereum reserves are sitting at their lowest point since 2020 — and that’s just one piece of a much bigger picture. Across the board, Ethereum held on exchanges has fallen to its lowest level since 2016, a shift driven by back-to-back withdrawals and a staking surge that is pulling coins deeper out of circulation. A Wave Of Withdrawals Across Major Platforms On March 22, crypto analyst Amr Taha flagged a $1.67 billion $ETH withdrawal from OKX. Binance also recorded two separate outflows topping $300 million earlier in the quarter. Those moves didn’t happen in isolation. Data from analyst Arab…
China’s tech stocks are flying today because traders are reacting to real news. TikTok maker ByteDance had dropped its new video-making app called Seedance 2.0 and it’s not some half-baked beta. The videos it generates apparently look so good, it got everyone’s attention fast. By the time markets closed, COL Group had maxed out at its daily 20% limit. Shanghai Film and Perfect World each gained 10%. Baidu has seen a shocking 9% rally, Alibaba surged by 3.6%, and Xiaomi has increased by 8.32%, and JD.com has rallied by 7.16%. The CSI 300 Index climbed 1.4% and didn’t even need…
Crypto industry insiders got their first look at the revised market structure bill in the Senate, and the opening impression was that the language on allowable stablecoin yield was overly narrow and unclear, according to a person familiar with the current draft. The new language, which was announced Friday by Senators Angela Alsobrooks and Thom Tillis, would ban yield payments for simply holding a stablecoin. It would also restrict any approach that makes the program in any way equivalent to a bank deposit, and it applies further limits to other potentially allowed activities, the person said, adding that the mechanics…
Backpack CEO Armani Ferrante denies BP OTC cash‑outs and downplays FDV focus as anger over “witch hunt” Sybil bans forces appeals, buybacks and a fairness rethink. Backpack founder and CEO Armani Ferrante has moved to calm a backlash around the exchange’s BP token launch, publicly denying that the team conducted over-the-counter sales to exit its position and conceding that its aggressive anti-Sybil process has unfairly hit parts of the community. In a detailed post on X, Ferrante wrote: “OTC. I can’t believe I have to say this, no, we aren’t OTCing our own tokens to cash out,” adding that “FUD…
An early participant in the Ethereum ICO sold over $23 million worth of $ETH in one hour. The transaction occurred during a market downturn. On-chain data shows the investor shifted funds into stablecoins and lending protocols rather than exiting completely. Whale Realizes Gains After Years of Holding Blockchain data shows that a long-term Ethereum holder sold 11,552 $ETH at an average price of about $2,027. The wallet, identified as one of Ethereum’s earliest participants, originally acquired 38,800 $ETH during the network’s initial coin offering for about $12,000. This means the investor turned a relatively small early bet into tens of…