Author: NBTC

Solana (SOL) pushed towards $150 today, gaining over 3% in the past 24 hours and reclaiming its 20-day EMA, fueled by positive ecosystem developments and continued market interest. News surrounding Backpack Exchange’s SOL staking initiative and potential adoption by Robinhood in Europe adds fundamental weight to the ongoing technical recovery. Backpack Exchange Begins Staking SOL Reserves Adding to Solana’s news flow today, Backpack Exchange made a notable move: the platform, led by Armani Ferrante, announced it has started staking its SOL reserves. We’re beginning the process of staking @BackpackExchange SOL reserves. To start, we aim to provide the full staking…

In a new letter to Analisa Torres, a United States District Court Judge for the Southern District of New York (SDNY), the U.S. Securities and Exchange Commission (SEC) has confirmed that it has reached a settlement agreement with enterprise blockchain company Ripple. The aforementioned letter has requested an indicative ruling from Judge Torres. The Second Circuit previously paused the appeal to allow the parties to finalize the settlement process. The district court would be able to formally approve the settlement once the case gets remanded, meaning that the Second Circuit would send it back to the district court. Ripple and…

Pump.fun, a meme coin launch platform built on Solana, continues to hit significant milestones even as the meme coin market moves past its peak. What’s driving Pump.fun’s continued appeal to investors? This article provides an in-depth look at on-chain data and recent shifts in user sentiment. Pump.fun Surpasses Tron in Daily Revenue, Trails Only Stablecoin Giants. SolanaFloor cites DefiLlama data showing that Pump.fun generated $2 million in revenue within 24 hours. This figure pushed it past Tron and made it the third-highest revenue-generating protocol for the day, behind only Tether and Circle, the leading stablecoin issuers. Daily Revenue on Various…

This is a segment from the Lightspeed newsletter. To read full editions, subscribe. Superstate, the tokenization startup co-founded by DeFi OG Robert Leshner, announced a new stock tokenization product on Solana and Ethereum this morning. Named “Opening Bell,” the platform allows companies to natively issue shares onchain — a notable innovation for tokenized public equities. The Solana-focused holding company Sol Strategies became the platform’s first participant. Many in Solana were quick to celebrate the news, because in its early days, Solana co-founder Anatoly Yakovenko would sometimes liken the network to Nasdaq on the blockchain. Today, Yakovenko penned a rare blog…

Raoul Pal, an accomplished trader and founder of Real Vision, reveals that Bitcoin dominance has reached its cycle top amid a persistent uptrend. The market veteran disclosed this in a commentary on X today, suggesting that technical signals, specifically DeMark tops, indicate there could be a potential turning point for Bitcoin’s market share, which has seen a steady climb since December 2024. DeMark Indicators Show Bitcoin Dominance Top Notably, Pal cited DeMark Indicators, developed by industry legend Tom DeMark, as the tools indicating this market top. These tools identify reversals by pointing out overextended price trends. In this case, Pal…

Jupiter token, powering the biggest dApp on Solana, rose more than 11% during this rally, benefiting from ecosystem growth. Jupiter (JUP), the biggest DEX aggregator on Solana (SOL), is taking advantage of the latest market rally. On Thursday, May 7, the token was up 11.83%, reaching $0.4622, driven by both market momentum and ecosystem growth. Altcoin momentum has started to pick up, as Bitcoin (BTC) broke above the $100,000 mark. The Altcoin Season Index reached its highest level since February, with 33 out of the top 100 altcoins in the green over the past 30 days. Altcoin season index by…

Economist Nouriel Roubini made remarkable statements about the future of the US economy. Roubini, a senior advisor at Hudson Bay Capital, said technological advances would offset the impact of trade tariffs. He said the U.S. is a leader in future fields such as artificial intelligence, quantum computing and green technology. “Technology outweighs tariffs,” he said. According to Roubini, this technological superiority could increase the potential growth rate of the United States from 2% to 4% by 2030. In contrast, the economist stated that the impact of tariffs and immigration restrictions could only reduce growth by 0.5%, and that technological progress…

Amid the rising prominence of RLUSD in the crypto market, concerns about the diminishing role of XRP have triggered discussions within the community. Community member Elena Schoen, who describes herself as a Chain Detective, recently raised concerns that Ripple may be slowly sidelining XRP, relegating it to a limited function. Is Ripple Replacing XRP with RLUSD? Taking to X, she suggested that XRP is now primarily serving the function of transaction fees on the XRP Ledger, with RLUSD taking over broader utilities such as liquidity, cross-border transactions, retail and institutional settlements, and multi-fiat onboarding. Schoen urged the community to examine…

Ripple has reached a settlement with the SEC, agreeing to pay $50 million of the initially proposed $125 million penalty. The remaining $75 million will be returned to the company. Both parties will drop their appeals if the court lifts the longstanding injunction against Ripple. Ripple Vs. SEC is Officially Over This marks the official end of one of the most prolonged legal disputes in the crypto sector. The case, filed during Gary Gensler’s tenure at the SEC, has been closely watched across the digital asset industry. Ripple, which has maintained financial stability throughout the legal proceedings, appears well-positioned to…

Binance, the world’s largest cryptocurrency exchange by trading volume, today announced that it will list Space and Time (SXT) across a wide range of product offerings, including Simple Earn, Buy Crypto, Convert, Margin, and Futures. Listing will begin on May 8, 2025, with multiple services going live at specific times throughout the day. SXT Coming to Binance Simple Earn with 66% APR Promotion SXT Flexible Products will be available on Binance Simple Earn starting at 4:00 PM on May 8, allowing users to earn passive income by subscribing their assets. Additionally, Binance is also launching a limited-time promotional offer of…