Author: NBTC

Transactions on Pump.fun, the leading Solana-based meme coin factory, have taken a nosedive, according to data provided by Dune Analytics. Pump.fun is a marketplace that makes it possible for users to create their own meme coins and distribute them. The simplicity of the platform makes it appealing for a lot of newcomers, which explains why it gained traction in such a relatively short span of time. In order to create a new token, one simply has to come up with a name for such a token, enter the ticker symbol, an image, and pay an infinitesimal fee. In late May,…

In a landmark ruling that immediately incensed the crypto community, a US judge has clarified that as a matter of law, control of money is not a prerequisite for operating a money transmitter. Specifically, business operators may not disclaim responsibility for Bank Secrecy Act (BSA) requirements simply because they avoid controlling money during its transmission. The decision has significant implications for the crypto industry, particularly for the legal cases involving Tornado Cash and Samourai Wallet. In an oral ruling on Thursday, a US District Court judge for the Southern District of New York settled this hotly contested issue in the…

FTX creditors continue to hope they will be made whole following the exchange’s collapse in November 2022. As the decision regarding the platform’s restructuring looms, it remains to be seen what form the payments will take. More developments are expected in Q4, starting October, with creditor payments likely to cause market volatility. FTX Creditors Compensation Update According to FTX creditor activist Sunil Kavuri, the exchange’s customers could get between 10% and 25% of their crypto back. The update comes as the now-defunct exchange moves 18% of the forfeiture funds ($230 million) to equity holders (shareholders), which some find concerning. “[This…

Maximizing Bitcoin Gains with ETF Data Since the introduction of Bitcoin Exchange Traded Funds (ETFs) in early 2024, Bitcoin has reached new all-time highs, with multiple months of double-digit gains. However, as impressive as this performance is, there’s a way to significantly outperform Bitcoin’s returns by utilizing ETF data to guide your trading decisions. Bitcoin ETFs and Their Influence Bitcoin ETFs, launched in January 2024, have quickly amassed large amounts of Bitcoin. These ETFs, tracked by various funds, allow institutional and retail investors to gain exposure to Bitcoin without directly owning it. These ETFs have accumulated billions of USD worth…

A large portion of more than 135 billion Shiba Inu (SHIB) tokens were recently transferred by Binance. It is quite hard to find the exact reasoning behind the move, that is why the more likely reasoning here is a simple redistribution of funds rather than a large withdrawal. This significant transfer has a reason, even though there has not been an official statement. The reallocation of funds to increase liquidity is unquestionably one of the primary drivers behind this transfer. Binance may be making the most of its SHIB holdings, which are spread across multiple wallets to improve liquidity management…

Christian Angermayer, a leading investor, is leaving the UK for Switzerland. The entrepreneur cited Switzerland’s favorable cryptocurrency regulations and better business environment for digital assets as his reasons for relocate. Angermayer, known for his investments in various sectors like biotech, psychedelics, and digital assets, believes that Switzerland provides a more progressive and accommodating environment for cryptocurrency and blockchain businesses, especially as the UK increases regulatory pressures for digital assets. Switzerland has become a major hub for cryptocurrency, attracting global investors and companies seeking a friendlier ecosystem. Angermayer’s investment firm, Apeiron Investment Group, plans to capitalize on Switzerland’s open approach to…

SunPump, a platform under SUN.io, has launched its Telegram trading bot, providing users with a safe and efficient way to trade memecoins. The bot is explicitly designed for SunPump and leverages HTX’s custodial wallet service to protect private keys, offering enhanced security for meme coin traders. This development marks a significant step for SunPump’s mission to simplify and secure the trading of meme coins on the TRON network. 🚀 The SunPump Trading Bot is now live on Telegram! 🚀Designed exclusively for #SunPump, this bot makes trading meme coins easier than ever. By leveraging HTX’s custodial wallet service, it ensures the…

Vocal Bitcoin evangelist and cofounder of MicroStrategy behemoth Michael Saylor has reacted to BTC recapturing the $65,000 level and then briefly touching $66,000. Saylor makes bullish Bitcoin X post During the past 24 hours, the world’s largest cryptocurrency, Bitcoin, printed a rise of roughly 4.4% as it surged from slightly under $63,000 to touch the $66,000 price level. By now, BTC has grown higher, surpassing the $63,300 level with a big green candle on an hourly chart. Saylor tweeted “#Bitcoin is Storm-Proof” to celebrate the reaching of another price milestone. #Bitcoin is Storm-Proof. pic.twitter.com/6oIjO8Az67 — Michael Saylor⚡️ (@saylor) September 27,…

In a surprising turn of events, an Ethereum user has paid a shockingly large fee for a single transaction. According to blockchain data tracker Whale Alert, a fee of 41 ETH worth $108,816 has just been paid for a single transaction. 💸 A fee of 41 #ETH (108,816 USD) has just been paid for a single transaction!https://t.co/1pLd7YRmfz — Whale Alert (@whale_alert) September 26, 2024 This fee is significantly higher than the average transaction cost on the Ethereum network, drawing attention in the cryptocurrency community. Typically, Ethereum transaction fees, also known as gas fees, vary depending on network congestion and transaction…

It’s been seven months—or precisely 223 days—since 2024 kicked off, and several digital currencies have experienced impressive gains. Leading the pack are two meme coins, BOME and MOG, which have skyrocketed by 11,931% and 3,733%, respectively, over this period. Crypto’s Year-to-Date Gainers and Losers In 2024, statistics reveal that several crypto assets have achieved impressive quadruple-digit gains, with 14 digital currencies recording triple-digit increases year-to-date (YTD). Leading the charge, the meme coin book of meme (BOME) skyrocketed by 11,931% against the U.S. dollar. Similarly, mog coin (MOG) has surged 3,733% YTD. Mantra dao (OM) climbed 1,763%, and aerodrome finance (AERO)…