Author: NBTC

The US Securities and Exchange Commission (SEC) filed a lawsuit against an individual connected with the issuance and promotion of the Saitama Inu (SAITAMA), according to a complaint released recently. This legal action follows a series of joint enforcement initiatives launched earlier this month. The SEC, the Federal Bureau of Investigation (FBI), and the Department of Justice (DOJ) charged multiple cryptocurrency entities suspected of fraud and market manipulation. SEC Pushes Misleading Investors and Pump-and-Dump Allegations The complaint, filed in the US District Court, alleges that the defendant, Vy Pham, illegally sold unregistered securities in the form of digital tokens. It…

OKX, one of the world’s largest cryptocurrency exchanges, continues to announce altcoins. At this point, OKX announced both delisting and listing today. Accordingly, announcements came for BLOCK, UTK, AST, SIS, WXT, WIFI, PENDLE, CXT, STETH, TURBO, BONE, OMI, FLM, JOE, BORING, SWFTC and EIGEN. OKX announced that it will delist the trading pairs BLOCK/USDT, UTK/USDT, UTK/USDC, AST/USDT, AST/USDC, SIS/USDT, SIS/USDC, WXT/USDT, WXT/USDC, WIFI/USDT, WIFI/USDC; and the trading pairs EIGEN/USDC, CXT/USDC, STETH/USDC, TURBO/USDC, BONE/USDC, OMI/USDC, FLM/USDC, ID/USDC, JOE/USDC, BORING/USDC, SWFTC/USDC, PENDLE/USDC will be listed. “OKX will delist multiple trading pairs on October 24, 2024, including BLOCK/USDT, UTK/USDT, UTK/USDC, AST/USDT, AST/USDC, SIS/USDT,…

According to a recent tweet published by popular blockchain sleuth Whale Alert, which monitors large cryptocurrency transfers and shares the details on its account on X, another ancient Bitcoin wallet was reactivated a short while ago today. This wallet again began functioning after 10.8 years of dormancy. It contains 43 BTC. Back in 2014, the Bitcoin price varied between $300 and $1,000; therefore, if one takes a medium value between these two poles, 43 Bitcoin in 2014 were the equivalent of approximately $21,500 (if one takes $500 as an average price for that year). From $21,500 to the $2,545,638 that…

Hermetica, the company behind the Bitcoin-backed stablecoin USDh, has raised $1.7 million in seed funding. The funding will support the growth of USDh, a stablecoin designed to be backed by Bitcoin (BTC). A stablecoin is a type of cryptocurrency that aims to keep its value tied to a stable asset, like the U.S. dollar, instead of fluctuating like Bitcoin. USDh allows Bitcoin holders to transact with a digital asset pegged to the value of the U.S. dollar without leaving the Bitcoin ecosystem. For example, 1 USDh equals 1 USD worth of Bitcoin. According to a company press release, UTXO Management…

Jupiter community voting on the fate of 215M unclaimed JUP tokens is now live. Options include funding staking rewards, burning tokens, or multisig return. Decision part of J4J initiative for transparency and alignment among JUP holders. Jupiter, a decentralized exchange aggregator on Solana, has opened a community vote to decide the fate of 215 million unclaimed JUP tokens. These tokens, initially part of the platform’s “Jupuary” airdrop and staking rewards, were either unclaimed or from compromised wallets. J4J initiative proposals The vote, opened on September 27, follows a proposal put forward by the Jupiter team, led by developer Weremeow, as…

Bradley Tusk, CEO of Tusk Ventures, recently voiced sharp criticism of the U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler. Specifically, he called him the “single worst regulator in the history of crypto imaginable.” Tusk, whose firm has invested in major crypto players such as Coinbase, Circle, and FanDuel, expressed frustration over Gensler’s handling of cryptocurrency regulations. Speaking on CNBC, Tusk highlighted the difficulties crypto investors have faced under Gensler’s leadership. He noted that the ambiguity around what is or isn’t considered legal in crypto has suppressed innovation. “It’s one thing to say, ‘This is okay, this is not…

Hong Kong’s biggest licensed crypto exchange operator, HashKey, has postponed the launch of its HSK token, citing the need to wait “for more favorable market conditions.” HashKey Group, which operates the Hong Kong-based crypto exchange, is postponing the launch of its HSK token, saying the crypto market’s overall performance has been “relatively subdued over the past three months.” In an X announcement on Oct. 15, the Hong Kong-based firm did not elaborate on the reasons for the delay, but emphasized that waiting for a “better opportunity” to complete HSK’s token generation event is “crucial in this environment.” “Rushed listings do…

Bloomberg Terminal has just shared on the X platform that data provided by CME FEDWATCH shows that odds of a high interest rate have surpassed 50%. This week, on September 18, the FOMC is to hold a scheduled meeting on which a decision about bringing down the interest rates is expected to be made. According to the data from CME FEDWATCH, the probability bet on a 50 basic points rate cut now comprises 63%, the chances of a 25 basic point cut equal 37%. 🔸 CME FEDWATCH SHOWS 63% PROBABILITY BET ON 50BPS CUT, 37% FOR 25BPS AT SEPT 18…

Crypto VCs invested $2.4 billion in the third quarter of 2024, a 20% drop compared to the third quarter. The industry is on track to barely get more funding than in 2023. High interest rates, spot crypto ETFs, and the hangover from 2022 are keeping allocators away from the industry. Crypto venture capital activity has remained quiet in 2024, in particular during the third quarter. Venture capital firms invested $2.4 billion in cryptocurrency startups this quarter across 478 deals, according to a new report from crypto investment firm Galaxy Digital. That’s a 20% drop from the second quarter of the…

Today, enjoy the Lightspeed newsletter on Blockworks.co. Tomorrow, get the news delivered directly to your inbox. Subscribe to the Lightspeed newsletter. There’s been much made of Solana’s DeFi resurgence that has put it neck-and-neck with Ethereum in multiple key metrics. But by one count, Ethereum is now pulling meaningfully ahead of the next-biggest smart contract blockchain. Total economic value (TEV) is a Blockworks Research-created stat that measures a blockchain’s transaction fees and maximal extractible value (MEV) tips. This can be thought of like the income a blockchain receives, and it’s a helpful counterpoint to active addresses — a mostly-meaningless measure…