Author: NBTC

Key Points: Coinbase CEO Brian Armstrong lobbied Senators in D.C. for clear crypto regulations. Coinbase is appealing a court decision supporting SEC authority over U.S. crypto exchanges. Coinbase CEO Brian Armstrong was on Capitol Hill this week, meeting with more than a dozen Democratic and Republican Senators to advocate for clear regulations in the cryptocurrency industry. Coinbase CEO Brian Armstrong Advocates for Clear Crypto Regulations in D.C. Coinbase CEO Brian Armstrong shared an update on X, highlighting bipartisan momentum in the Senate following the House’s passage of the FIT 21 Act. He emphasized the importance of establishing clear rules and…

peaq has announced a strategic collaboration with Olas and Nevermined to unlock AI agents’ potential. This partnership promises to usher in a new era of connected devices operating on Web3, leveraging the unique capabilities of each platform to revolutionize AI-commerce and machine autonomy.—peaq, a layer-1 blockchain specializing in DePIN and Machine RWAs (real-world assets), is expanding its ecosystem with the introduction of AI agents by Nevermined and Olas. Nevermined is developing a decentralized payments protocol tailored for AI agents, facilitating AI-Commerce, such as booking airline tickets through AI-powered personal assistants. Meanwhile, Olas provides a framework for launching and co-owning AI…

The chief executive of the financial giant VanEck believes that Bitcoin’s (BTC) market cap will eventually soar to at least half of gold’s market cap. In a new interview with Scott Melker, VanEck CEO Jan van Eck says that it could take up to a decade for traditional finance (TradFi) to help drive Bitcoin’s market cap to $7.85 trillion. The current gold market cap is at approximately $15.7 trillion. Meanwhile, Bitcoin’s market cap is about $1.36 trillion. “I say [Bitcoin will] eventually become at least half the market cap of gold. So I think that takes another five or 10…

Lido has announced a strategic partnership with Mellow Finance and and Symbiotic, aiming to enhance the utility and liquidity of staked ETH (stETH) through advanced DeFi vaults. This announcement has caused Lido DAO (LDO) and Lido Staked ETH (stETH) prices to jump significantly. This partnership forms the Lido Alliance, which seeks to provide stETH holders with robust security, increased rewards, and innovative staking opportunities. The partnership details Lido’s collaboration with Mellow Finance focuses on providing advanced DeFi vaults, enabling stETH holders to restake their tokens, receive Mellow Vault LRTs, and earn additional staking rewards based on their Vault’s Curator Strategy.…

Legendary trader Peter Brandt has recently updated his outlook on the Ethereum (ETH) price chart, highlighting a worrying pattern. Thus, Brandt has identified a controversial head-and-shoulders top formation, which is typically seen as a bearish indicator, suggesting that the price may soon fall. This pattern usually signals a reversal from a bullish trend to a bearish one, often resulting in a significant drop in price. Despite identifying this bearish pattern, Brandt stressed that he is not short on cryptocurrencies. This is particularly interesting given that just a month ago, in early May, Brandt announced that he was officially short on…

Hong Kong’s foray into the virtual asset ETF market faces challenges, as traditional banks exercise caution amid regulatory concerns and talent shortages. Over a month since the listing of Hong Kong’s virtual asset spot ETF, banks have yet to participate in distribution. Chris Barford, Head of Financial Services Consulting at Ernst & Young Hong Kong, attributed the hesitation among traditional banks to concerns over anti-money laundering (AML) and know-your-customer (KYC) regulations. Additionally, a lack of technical expertise further deters their participation in product distribution. While mainstream brokerages have distributed virtual asset spot ETFs, banks operate under different regulatory entities, requiring…

As revealed thanks to a report from Whale Alert, over 33.33 million XRP left the world’s largest crypto exchange, Binance, in an unknown direction over an hour ago for an unknown destination. Diving into the details of the transfer, it appears that XRP tokens worth a combined value of $16.28 million were withdrawn from the address identified as the Binance address to the address “rhWj9.” The latter is known, according to the Bithomp explorer, to have been activated earlier this year, with a transfer of nearly 4.17 million XRP, also from Binance. 🚨 33,333,329 #XRP (16,280,840 USD) transferred from #Binance…

During a recent interview with Bloomberg, Ledger Chief Experience Officer Ian Rogers opined that blockchain and AI are actually two sides of the same coin: “I think that AI and blockchain are two sides of the same coin. AI brings digital abundance, and blockchains are fundamentally about digital scarcity. We are already living in a world where you are looking at web pages that were made by AI that, you know, was fed by Web pages that were made by AI” he said. Rogers predicts that the blockchain technology will be useful for determining the authenticity of various content that…

According to what was stated by CryptoQuant, the trend of Bitcoin’s price remains bullish, despite everything. For the same reasons, Ethereum also appears to be still bullish. The accumulation of Bitcoin: latest bullish signal The whales The retail The wall at $70,000: Is Bitcoin still bullish? The accumulation of Bitcoin: latest bullish signal Everything starts from an analysis of the so-called accumulation addresses. Growth Surge in #Bitcoin and #Ethereum Accumulation Addresses: What It Means for the Crypto Market“This phenomenon indicates that even with Bitcoin and Ethereum experiencing price stability, investor sentiment remains bullish” – By @CrazzyblockkLink👇https://t.co/Tmmv9cIadl — CryptoQuant.com (@cryptoquant_com) May…

Despite the United States Securities and Exchange Commission (SEC) granting approval for a spot Ethereum ETF, the cryptocurrency world is still awaiting S-1 approval to usher in trading of the asset. Per a source in communication with the SEC, some comments are now anticipated this week. Nate Geraci, an analyst, in a post on X said that at least one of the several prospective issuers that filed an application will receive comments from the regulatory authority this week. Fwiw, at least one prospective spot eth ETF issuer anticipating SEC comments back on S-1 this week…Issuers would then file another round…