Author: NBTC

A new rival of Ethereum (ETH) is seeing a massive boost in price after gaining support from the world’s largest crypto exchange platform by volume. In a new announcement, Binance says it will officially add the layer-1 blockchain Initia (INIT) to its suite of products starting on April 24th, preceding a spike in price for the asset. INIT went from a low of $0.605 on April 24th to a peak of $0.921 just a few hours later. The digital asset has since retraced and is trading for $0.88 at time of writing, a 40.95% increase during the last 24 hours.…

In a sign of increasing regulatory scrutiny within South Korea, an appeals court has handed down a stiff seven-year prison sentence to a man, identified only as Hahm, convicted of running a fraudulent cryptocurrency investment scheme. As reported by The Hankyoreh, this ruling significantly increases Hahm’s original five-year sentence, emphasizing the seriousness of illegal fundraising activities, regardless of whether crypto or cash is involved. Here’s how the scheme operated: Between February and July 2023, Hahm and a partner held investment seminars across the country. They lured attendees with promises hard to resist – guaranteed principal protection and seemingly impossible daily…

Alchemy Pay, a popular entity enabling fiat-crypto payments solutions, has announced its latest collaboration with Decred, a prominent community-led crypto project. The partnership denotes a strategic move to make Decred’s native $DCR token widely accessible to users across the globe with fiat currencies. The platform revealed this initiative on its official social media account. 🤝We’ve partnered with @decredproject to bring easier access to $DCR! With #AlchemyPay’s On-Ramp, users can now buy $DCR directly using Visa, Mastercard, and more—across 173+ countries. Decentralized, community-led, and now just a few clicks away: https://t.co/X263ArkDw7… pic.twitter.com/C50BClbBrr — Alchemy Pay|$ACH: Fiat-Crypto Payment Gateway (@AlchemyPay) April 24,…

Bitcoin should be valued as “an uncorrelated asset that benefits when the world gets messier,” BlackRock’s US Head of Equity ETFs Jay Jacobs told CNBC in an interview on Thursday. “Crypto over the long run is decoupled from US tech stocks,” Jacobs said, stressing that short-term market stress can mask the difference but that “the long-term correlation between US stocks and Bitcoin is more like two or three percent.” He argued that what pushes equities higher—“higher growth, higher certainty, lower geopolitical risk”—is the mirror image of the forces that move Bitcoin. “Bitcoin thrives when you have more uncertainty and are…

The team behind the Symbiotic network, the restaking protocol meant to rival EigenLayer, shared Wednesday that it had raised $29 million in a Series A round. The funding will expand the current team and develop the protocol’s Universal Staking framework, broadening its efforts from just restaking to including providing support for other staking activities. “Rather than focusing solely on shared security, Symbiotic enables any combination of assets to secure any class of network—modular or monolithic, L1 or L2—while supporting use cases that extend well beyond traditional staking, including insurance and other financial products,” the team shared in a press release.…

Shiba Inu’s Shibarium DApp Store launched on April 24 with over 1,200 decentralized applications, surpassing 1 billion transactions on Shiba Inu’s Layer 2 blockchain. Powered by Shibarium, an Ethereum-compatible Layer 2 network using roll-up technology, the DApp Store reduces gas fees and increases transaction throughput. This week, Shiba Inu developers were unsurprised to see the long-rumored Shibarium DApp Store. The platform debuted with over 1,200 decentralized applications and surpassed 1 billion transactions on its Layer 2 blockchain. Crucial Details Of Shibarium DApp Store Launch The Shibarium DApp Store, which went live on April 24, is a major step for a…

Nasdaq, the operator of one of the premier U.S. stock exchanges and a crypto index, is advising the U.S. regulators to carefully focus on defining digital assets in four buckets that will clearly determine which agency acts as referee, according to a 23-page letter sent to the Securities and Exchange Commission’s crypto task force. “While a stock by any other word would still be a stock, the existing market ecosystem can readily absorb digital assets by establishing the proper taxonomy and calibrating certain rules to reflect what is truly new and novel about digital assets,” the letter argued in response…

Binance U.S has officially integrated the Base network, allowing users to deposit and withdraw Ethereum (ETH) and USDC directly through this rising Ethereum Layer 2 solution. This move is expected to enhance the user experience by offering faster and cheaper transactions, with support for more assets coming soon. BREAKING: https://t.co/AZwoBOgsqS now supports Base 💛🔵Transfer $ETH & $USDC via Base, with support for more assets to come! @Base is an Ethereum layer 2 that aims to bring the next billion users onchain by providing fast and low-cost transactions.Read:… pic.twitter.com/lrdZRy13mq — Binance.US 🇺🇸 (@BinanceUS) April 25, 2025 Why This Matters for Base…

Bitcoin (BTC USD) has often traded in tandem with the US stock market indices, the Nasdaq Composite and S&P 500. However, onchain data analytics provider CryptoQuant has revealed a negative correlation between Bitcoin and Nasdaq. The price of Bitcoin has increased by over 10% over the past week, whereas the Nasdaq plummeted drastically, within the same period. Insight on the Chart Decoupling CryptoQuant shared a screenshot of the BTC and S&P 500 Index correlation in an X post. The chart shows that the historical correlation between BTC USD and the stock market has broken. The stock market and BTC are…

US senators are currently debating new crypto legislation, including rules that could affect stablecoins and market structure laws. Meanwhile, the crypto industry has been investing heavily in campaign donations and super-PAC spending across the Senate and House. However, despite this increasing interest in the ecosystem, it’s still relatively uncommon for the financial disclosure documents for senators to include exposure to crypto companies. Read more: CHART: Wasn’t Trump supposed to be good for crypto? The increasing integration of crypto into existing financial firms also leads to some ambiguity about whether or not certain exposure is truly crypto exposure. Consider Alabama. Republican…