Author: NBTC
Famous market pundit Ben Armstrong (BitBoy) has voiced the bold view that market participants favoring XLM over XRP could regret their choice later on. Notably, XRP and its major rival Stellar (XLM) have been among the market leaders in price performance over the last three weeks. However, market commentators like BitBoy are favoring XRP over XLM despite XLM boasting a better price performance in recent times. XLM Beats XRP in Price Action With XRP trading at $1.50 today, the altcoin is up by 204% from its November low of $0.4937. However, its latest upsurge to the $1.6216 peak this month…
PumpFun Corp is facing allegations of running cryptocurrency pump-and-dump schemes. On Thursday, Kendall Carnahan, CEO of Sooner Payments, filed a lawsuit in a New York court, accusing the company of working alongside influencers to issue unregistered securities, described as Ponzi schemes. Carnahan, the lead plaintiff in the case, and his attorneys claim that Pump.fun’s-launched PNUT Token violated financial regulations by promoting it without proper registration with the U.S. Securities and Exchange Commission (SEC). The complaint went on to accuse Pump.fun of enabling bad actors to create and sell worthless tokens within minutes using its advanced tools. According to the plaintiff,…
Donald Trump assumes office with plans to make the United States the world’s bitcoin mining capital. Many are celebrating the idea of bitcoin as a Strategic Reserve Asset. Supporters like Michael Saylor, Tether, and other large institutional players argue this is a landmark achievement, reinforcing bitcoin’s status as a legitimate store of value. However, this growing institutionalization risks compromising bitcoin’s original ethos as “freedom money,” with its decentralization and censorship resistance eroding under the weight of regulatory and economic control. Centralizing Bitcoin Mining Trump’s administration has made bitcoin mining a national priority, framing it as an opportunity to dominate the…
After the news of Gary Gensler stepping down in January, XRP is witnessing explosive activity, with Ripple whales adding over 250 million tokens to their holdings in just a short period. Amid this buying spree, XRP’s price has surged, and the futures market is breaking records—topping $2.50 billion in open interest. The market is booming with news of the IPO launch and XRP ETF’s arrival in Q1 of 2025, if regulations take a back seat for XRP. Investors are waiting for a mega rally. Let’s break down the latest developments and what they mean for XRP’s future. Whales Accumulate XRP…
With Paul Atkins now taking over as SEC Chair, speculation is swirling about a potential shift in how the SEC handles crypto. There’s growing hope that with a more pro-crypto Congress and President, the SEC might ease up on non-fraud cases, potentially dropping some ongoing lawsuits or speeding up settlements for smaller cases. SEC Commissioner Hester Peirce has voiced concern about using enforcement as the primary way to set crypto policy. In an interview with Thinking Crypto, she said that trying to establish rules through enforcement actions often leads to confusion, with companies assuming that settlements set the standard for…
Inflows into U.S. spot Bitcoin exchange-traded funds surged by 475% last week, fueled by expectations of a more crypto-friendly administration following President-elect Donald Trump’s inauguration. According to data from Farside Investors, the 12 spot Bitcoin ETFs recorded over $1.8 billion in inflows over the past week, marking a 475% increase compared to the $312.8 million inflows recorded the previous week. Notably, the investment products began the week of Jan. 13–Jan. 17 with two consecutive days of outflows, during which nearly $494 million exited the funds. This was attributed to a risk-off sentiment in the crypto market, driven by stronger-than-expected payroll…
Input Output Hong Kong (IOHK), the company behind Cardano, has announced an upcoming Hydra test campaign. The initiative will take the form of a gaming tournament using Doom, a decentralized application built on the Hydra protocol. The goal of this test is to explore and push the boundaries of the Hydra scaling solution. The Hydra Doom battle is set to begin next month and will be held in several stages. The first stage will see players compete against bots, with the subsequent round seeing humans compete against each other. IOHK has also introduced incentives, including a prize pool of 100,000…
The broader crypto market is in unchartered territory, and some Dogecoin (DOGE) whales are potentially looking for an escape route. According to an on-chain transaction spotted by crypto tracker Whale Alert, an anonymous whale just transferred 197,606,395 DOGE to Coinbase exchange. Dogecoin whale activity, Mixed intentions Per the Whale Alert insight, the total DOGE from the whale is worth $84,591,504. This means the whale transferred when each Dogecoin was priced at $0.428. 🚨 🚨 🚨 🚨 197,606,395 #DOGE (84,591,504 USD) transferred from unknown wallet to #Coinbasehttps://t.co/s1pFgy5n1k — Whale Alert (@whale_alert) November 25, 2024 There are wide-ranging explanations for related whale…
This Friday marks Gary Gensler’s last full day as the head of the U.S. Securities and Exchange Commission. Ripple, the San Francisco-based enterprise company known for its association with the XRP cryptocurrency, is already celebrating Gensler’s imminent departure. “Starting tomorrow, ‘Gary who?’ will be the only appropriate response if someone mentions his name. Onward,” Stuart Alderoty, chief legal officer at Ripple, said on social media. Earlier this week, the SEC filed its opening brief in the much-talked-about appeal against Ripple. However, Alderoty has already dismissed the new development as merely “noise,” expressing confidence that the incoming SEC administration would toss…
CryptoQuant CEO Ki Young Ju has expressed his support for Vitalik Buterin’s idea of overhauling the leadership of the Ethereum Foundation. Ethereum co-founder Vitalik Buterin, took to his X handle to announce several changes that the EF leadership will undergo, citing the need to improve technical expertise and communication between the foundation and builders on Ethereum. Buterin detailed several changes being looked at, including providing support for decentralized application (dApps) developers and promoting decentralization, and privacy. The Ethereum boss also mentioned ideological shifts, while noting that there will be a central role towards the development of the Ethereum ecosystem. The…