Author: NBTC

Senate Majority Whip John Barrasso is the latest lawmaker to call for action on the crypto Clarity Act, though recent developments show work on the bill may be slowing. Speaking to the Senate Thursday, Barrasso reminded lawmakers that the U.S. passed the first major digital asset bill last year, the Genius Act, and the same bipartisan work was necessary for the Clarity Act. Lawmakers are rushing to get a vote on the Clarity Act before a five-week recess this week. Some Republicans have criticized Democrats for dragging their feet with the bill and deliberately being pernickety. JUST IN: Senate Majority…

Japan’s financial regulator has asked crypto exchanges to introduce withdrawal delays and other safeguards as authorities respond to increasingly sophisticated scams involving digital assets. On Thursday, the Financial Services Agency (FSA) said it had jointly requested the measures with the National Police Agency amid growing losses among crypto exchange users and cases where funds obtained through fraudulent schemes are being transferred to exchange accounts. The request calls on exchanges to restrict crypto withdrawals for a specified period after customers deposit fiat currency or purchase digital assets. Platforms were also asked to require users to pre-register crypto withdrawal addresses and impose…

The Ethereum ($ETH) price has once again failed to clear the $1,936–$1,948 resistance zone, leaving bulls struggling to extend the recent recovery. Despite several attempts to push higher, $ETH continues to face selling pressure around this key barrier, raising questions over whether buyers can finally gain enough strength to break above it. With the price now consolidating below resistance, what could be next for $ETH? Ethereum Price Analysis: RSI Signals Fading Momentum Ethereum’s repeated rejection from the $1,936–$1,948 resistance zone is becoming more significant as momentum indicators fail to strengthen. The RSI is hovering around the 50 level, showing little…

This morning, Jefferies slashed its price target on SanDisk stock 42% from $3,000 to $1,750. ZeroHedge laughed out loud at the drastic action. Just six weeks ago, on June 26, analysts at the investment bank had set their $3,000 price target. Nonetheless, SanDisk stock price is down, even after the AI chipmaker reported the best quarterly earnings in its history yesterday. Its most recent quarterly revenue was a 372% year-over-year gain to $8.97 billion, far surpassing its own guidance range of $7.75-8.25 billion. Non-GAAP gross margin landed at 84.6%, dwarfing the prior year’s 26.4% and beating its guidance range of…

Today, TRON DAO announced the launch of its H1 Research Report, which focuses on how TRON is evolving into an infrastructure layer for applications. This announcement was amplified by a widely shared post from @trondao, emphasizing the project’s commitment to enhancing its ecosystem. What Went Down The broader crypto market is currently exhibiting mixed signals, as many assets experience varying momentum. Amidst this backdrop, TRON’s announcement regarding its H1 Research Report stands out, highlighting a strategic pivot towards becoming a foundational layer for decentralized applications. This move signifies TRON’s ambition to enhance its utility and competitiveness within the multichain ecosystem,…

MiCA’s Current Implementation Leaves EU Users ‘Unprotected or Cut Off’ While the implementation of full Markets in Crypto Assets (MiCA) provisions has closed the gap regarding the operation of unlicensed exchanges in Europe, it has also brought major disruptions to the stablecoin ecosystem due to its restrictive licensing approach for issuers. Patrick Hansen, Senior Director of EU Strategy & Policy at Circle, raised concerns about the state of the regulated stablecoin ecosystem in Europe and how the current framework leaves European customers outside the safety nets that MiCA provides. Hansen explained that MiCA has led to the licensing of 35…

Bridge Building, the Luxembourg-based entity behind Stripe-owned stablecoin infrastructure company Bridge, has joined the European Union’s Markets in Crypto-Assets Regulation (MiCA) register after receiving regulatory approval in Luxembourg. Bridge’s inclusion brings the number of MiCA-authorized electronic money token (EMT) issuers in the EU register to 42, according to the latest European Securities and Markets Authority (ESMA) update published on Wednesday. The addition came weeks after Bridge announced on July 2 that it had secured a Crypto-Asset Service Provider (CASP) authorization under MiCA and an Electronic Money Institution (EMI) licence from Luxembourg’s Commission de Surveillance du Secteur Financier. Bridge’s Head of…

Institutional demand for Ethereum [$ETH] eased slightly ahead of U.S. inflation data and rising oil prices. The U.S. spot $ETH ETFs saw $14.59 million in daily net outflows on the 10th of August. This broke its recent four days of consecutive outflows. Source: SoSo Value Will selling pressure keep $ETH stuck below $2K? Besides the slow institutional appetite, there was a broader uptick in selling pressure across exchanges. According to CryptoQuant data, the weekly Exchange Netflow has been climbing higher in August. The metric tracks the net difference between $ETH entering exchanges and $ETH being moved out. A positive and…

Solana made waves today with the announcement that @Beezie is now live on its platform. This development underscores Solana’s ongoing efforts to expand its ecosystem and attract diverse applications, enhancing its functionality for users. The official announcement can be viewed on Solana’s Twitter page. The Story So Far Traders scanning the order books got a surprise when Solana revealed that Beezie is now operational on its network. The crypto market has been in a phase of aggressive trading recently, and this announcement is expected to further bolster Solana’s position amid a growing ecosystem. As traders react to the news, the…

Ex-governor of New York and Democrat Andrew Cuomo has said lawmakers need to hurry up and get the “highly political” Clarity Act over the line. Cuomo, who is also the director of crypto exchange OKX, said that Democrats and Republicans were mainly locking horns over the ethics language in the bill. A number of lawmakers are hoping the Clarity Act — which would set in stone crypto regulation in the U.S. — gets passed before Congress departs for August recess. The bill was passed by the House of Representatives last year but sticking points remain. “We need clarity,” Cuomo said…