Author: NBTC

The White House has opposed certain elements of a sovereign wealth fund proposal developed by Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick at President Trump’s request, according to a new report from CBS News. The plan, reportedly delivered by early May, follows Trump’s February executive order directing the Treasury and Commerce departments to develop a framework for a US sovereign wealth fund within 90 days. The order fueled speculation that the fund might be used to acquire Bitcoin on behalf of the US government. However, at the time, Bessent and Lutnick said that the fund would indeed focus…

A surprise listing on Binance Alpha triggered a sudden but short price surge for the $Gorilla token. Market data show the cryptocurrency gained 110% in hours, from a low of $0.0005422 to a high of $0.0006494 on May 8, 2025. The graph indicated that Gorilla saw intense buying and profit-taking throughout the day. As of press time, the token retreated further to $0.0006090. Volume has responded to listing news, with 24-hour volume rising to $207,750. The surge in volume is in line with the typical pattern in the case of exchange listing on major exchanges like Binance. Source: CoinMarketCap Binance…

Coinbase’s (COIN) $2.9 billion acquisition of Deribit will be a tipping point for the company, pushing the U.S.-based exchange into direct competition with global heavyweights like Binance, Wall Street analysts wrote on Thursday. The massive deal is more than just a platform expansion; it’s a paradigm shift for the exchange and trading industry. According to the analysts, the deal signals the start of a new consolidation cycle in the crypto trading industry, as smaller exchanges face pressure and TradFi firms look to expand further into the sector. Read more: In $2.9B Deal, Coinbase Buys Deribit to Expand in U.S. Crypto…

MARA Holdings, Inc. (NASDAQ: MARA) has reported first quarter 2025 earnings, announcing $213.9 million in revenue—a 30% increase from Q1 2024—as the company continues its transformation into a digital energy and infrastructure powerhouse. “Revenues increased 30% to $213.9 million in Q1 2025 from $165.2 million in Q1 2024,” the company shared in its shareholder letter. MARA’s bitcoin holdings surged by 174% year-over-year, rising from 17,320 BTC to 47,531 BTC, now valued around $3.9 billion as of March 31, 2025. Despite the revenue boost, MARA posted a net loss of $533.4 million, primarily due to a $510.2 million loss in the…

The announcement of Twenty One Capital’s formation last month was met with mixed reactions. While some saw it as another massive step toward institutional adoption, others grew weary that Bitcoin might fall victim to “Wall Streetization.” To better understand the reasons for optimism and apprehension surrounding Twenty One Capital’s launch, BeInCrypto consulted with Matt Mena, a researcher at 21Shares, and Mati Greenspan, CEO of Quantum Economics. Public Bitcoin Giant Emerges Amidst Mixed Reactions The unveiling of Twenty One Capital notably surprised both the TradFi and crypto space. This ambitious Bitcoin-native company, backed by industry giants and high-profile crypto enthusiasts, immediately…

It has now been two weeks that the price of Ethereum (ETH) fluctuates around 1,800 USD. While on one hand this may not seem like good news, especially for the holders, on the other hand it should still be interpreted as a good sign. In fact, this lateralization has at least the merit of having interrupted the descending phase. The descending phase of Ethereum’s price: 1,800 USD support or resistance? The first problem of ETH The competition of Ethereum 1,500 USD was the last bottom for the price of Ethereum (ETH) The descending phase of Ethereum’s price: 1,800 USD support…

Edwin Rojas Ulo, president of the Central Bank of Bolivia, stated that the institution is currently consulting with international organizations regarding the design of a currency referred to as the “virtual boliviano,” which would facilitate international settlements. Central Bank of Bolivia to Launch Digital Currency With International Settlements in Mind Bolivia, which initially banned the use of its financial system for purchasing cryptocurrency, is now planning to launch its own cryptocurrency as part of a push to modernize the country’s payment ecosystem. Edwin Rojas Ulo, president of the Central Bank of Bolivia, stated that the institution is currently in the…

In a push towards overhauling global trade systems, the IOTA Foundation and five prominent international organizations have launched the TWIN Foundation, an initiative aimed at making global trade more sustainable, transparent, and inclusive through decentralized infrastructure. Formed in partnership with the World Economic Forum, the Tony Blair Institute for Global Change, TradeMark Africa, the Global Alliance for Trade Facilitation, and the Chartered Institute of Export & International Trade, the TWIN Foundation will govern the Trade Worldwide Information Network (TWIN), an open-source infrastructure built on IOTA’s (IOTA) distributed ledger technology. The announcement was made on May 8 at the AfCFTA Digital…

Ethereum is set to undergo its highly anticipated Pectra upgrade tomorrow, and on-chain data suggests that validators are preparing to weather any market volatility. Despite ETH’s lackluster price performance over the past week, the drop in validator exit points to a sense of confidence among network participants. Ethereum Validators Hold Firm Ahead of Pectra According to Glassnode, Ethereum’s validator voluntary exit count has declined noticeably since May 1, signaling a drop in the number of validators choosing to leave the network. On May 5, only 238 validators exited the network — the lowest daily count of validator exits from Ethereum…

Korea’s crypto outflows hit nearly 57 trillion won in Q1, with stablecoins making up almost half as users move funds to overseas exchanges. Almost half of the cryptocurrencies sent abroad from South Korea’s major crypto exchanges in Q1 were dollar-based stablecoins, Democratic Party lawmaker Min Byung-duk revealed, citing data from the Financial Supervisory Service. According to Byung-duk, around 56.8 trillion won (around $40.6 billion) worth of cryptocurrencies were transferred overseas between January and March from five crypto exchanges: Upbit, Bithumb, Coinone, Cobbit, and Gopax. Of this amount, 26.87 trillion won, or 47.3%, was in stablecoins like Tether (USDT) and USD…