Author: NBTC

Rumors circulating within the XRP community suggest that Ripple could leverage its XRP holdings as reserves for its upcoming RLUSD stablecoin. These rumors have made the rounds, particularly as Ripple nears regulatory approval for RLUSD. For context, FOX Business reporter Eleanor Terrett confirmed late last month that the New York Department of Financial Service (NYDFS) was on the verge of approving the stablecoin for launch. Speculation Around RLUSD and XRP Amid the anticipation, market commentator Luis “Del Crypto” Delgado has fueled the latest circulating speculation with his recent posts. He suggested that Ripple might use its XRP escrow holdings to…

In the latest announcement, the leading crypto exchange, OKX announced the listing of perpetual for SONIC Spot trading along with margin trading. SONIC is the native token of the SonicSVM rollup project of the Solana ecosystem. 🟢 #NewListing$SONIC @SonicSVM Spot trading is LIVE on #OKX! Trade now: https://t.co/lqOXiNhCBv pic.twitter.com/iX1K8pO17K — OKX (@okx) January 7, 2025 The announcement comes after Sonic SVM (SONIC) ‘s listing on Bybit, which opens up promising prospects for price fluctuations. As a well-known platform among traders, Bybit’s addition of SONIC is expected to enhance the token’s market visibility. The broader exposure could attract more traders increasing…

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. The world of decentralized computing stands at a critical juncture. Chain diversity, while impressive, has presented users and developers with a fractured world of options that are not as scalable or dependable as they need to be in order to support the next generation of applications. You might also like: Our audit blindspot: Web3’s future depends on rethinking security | Opinion While L2 solutions have driven significant progress in addressing scalability issues, they are nothing more than…

Bitwise CIO Matt Hougan contends that Ethereum remains promising despite 2024 price struggles. For most crypto assets, especially market leaders Bitcoin and Solana, 2024 was an extremely positive year that led to rallies to new highs. However, with Ethereum, most investors were left feeling underwhelmed as it failed to spark a rally to new highs and managed only a 46% gain. Nonetheless, Ethereum still looks promising and could have some goodies in store for investors, at least according to Bitwise CIO Matt Hougan. The “Contrarian” Play for 2025 Ethereum may offer a great “contrarian play” for 2025, according to Bitwise…

The CEO of financial services conglomerate SBI Holdings has criticized Japan’s prime minister (PM) regarding the government’s absurd crypto tax rates. Yoshitaka Kitao, a proponent of the XRP ecosystem, said in a recent interview that Shigeru Ishiba is the “only one who is not convinced” about lowering rates to 20%. In politics — and politically embedded big business — you never know who is on what side. It might be safe to say they are all against you, pretending to be against one another. Perhaps that is why Yoshitaka Kitao, CEO of the $7.6 billion-dollar financial services firm SBI Holdings,…

Shiba Inu lead Shytoshi Kusama calls attention to a new tournament on Shiba Eternity, with participants eligible to win BONE rewards and SHIFU airdrop. In an X post yesterday, Kusama announced the latest competitive event for Shiba Eternity, Shiba Inu’s collectible card game (CCG). According to him, Shiba Eternity gamers will compete for two different rewards, such as a prize pool of 500 BONE tokens and SHIFU airdrop points. While the team would distribute the 500 BONE tokens among the winners of the new Shiba Eternity contest, participants will also earn points, boosting their eligibility in the SHIFU airdrop. For…

This is a segment from the Forward Guidance newsletter. To read full editions, subscribe. While some continue to hope that the upcoming Trump-era SEC will wave its magic wand and dismiss pending lawsuits against multiple crypto firms, Coinbase was just handed a win. The exchange, which the SEC sued in 2023, yesterday won its motion for an interlocutory appeal on whether crypto assets constitute investment contracts. The ruling is not an end to the case. But it will require the Second Circuit to consider this question, which, Coinbase argued, “could not be more pressing” in “numerous cases pending…across the country.”…

Coinbase Assets announced that it is licensed by the New York Department of Financial Services (NYDFS) to engage in Virtual Currency Business Activity. Coinbase Assets’ new offerings are now live to New York residents, and they entirely consist of coins with a proven track record. NYDFS Gives Green Light to Coinbase Assets Over the past years, Coinbase has faced continued regulatory hurdles in offering many of its products in New York. However, according to today’s announcement, the exchange has received a license from the state’s Department of Financial Services. This is a major regulatory win for the exchange, as it’s…

Ethereum Layer 2 solutions are kicking off 2025 with remarkable momentum, as the number of weekly active addresses climbs to 10.18 million. The present figure marks a 6.84% increase compared to the previous week. Accordingly, this surge brings Layer 2 engagement close to its all-time high, reflecting the growing adoption of these scaling solutions. According to data from GrowThePie.xyz, Layer 2 platforms are now handling 5.19 times the transaction volume of the Ethereum mainnet. Ethereum L2s Leading the Activity Ranking Among the Ethereum Layer 2 solutions leading this charge are the Base blockchain by Coinbase, Arbitrum, Taiko, and Optimism. Regarding…

The financial market of 2024 feels like it’s having an identity crisis. Structured and disciplined on one side, chaotic and high on adrenaline on the other. On one hand, we’ve got benchmark stock indexes like the S&P 500 and the Dow, climbing steadily and showing off their quiet strength. On the other, Bitcoin is on a rampage, throwing caution to the wind and pushing closer to $100,000. The S&P 500 has been all business lately. After the post-election buzz took it to a 25% gain for the year, the index cooled off just enough to test its October highs. Last…