Author: NBTC

Amid the ongoing volatility of digital currency prices, Ki Young Ju, the CEO of CryptoQuant, has shared new insights into the market. Young Ju strongly believes that the broader crypto market remains in a bullish cycle despite price drops and “extreme fear.” Bitcoin’s correction normal, not bear market signal He argued that Bitcoin (BTC), the leading digital currency, has not shed up to 30% of its value from its all-time high (ATH). A 30% drop would see the price of BTC plunge to $77,000. Such a crash would signal intense volatility in the crypto space, with notable consequences. However, according…

Aave DAO, the autonomous organization that supports the lending and borrowing platform, proposed a major plan on Tuesday detailing steps to accrue value for the AAVE token and reward users. AAVE tokens are up 21% in the past 24 hours, beating a 3.5% bump in the broader market tracked by the broader CoinDesk 20 (CD20), as a successful passage of the proposed changes could bump the fundamentals of holding aave tokens. After half a decade of hard work, with the ACI, we’re proud to present the updated Aavenomics proposal to the Aave DAO.We consider it the most important proposal in…

This is a segment from The Drop newsletter. To read full editions, subscribe. Throwback time! Remember the Mfers? There’s a new one in town. He’s messy, he’s shy, he’s a gamer, he’s eating pizza off the floor — he’s the Normal Mfer. The team at CC0 Studios pulled inspiration from the November 2021 Mfers NFT collection to create The Normal Mfer, an animated YouTube pilot episode released this month chronicling the life of one young, normal-as-heck mfer who still lives with his parents at 23 years old. The Mfers were one of those NFT boom-era collections that launched later into…

The Sui Foundation has launched a Request For Proposal (RFP) program targeting developers within the Sui network’s ecosystem. In a recent announcement, the Foundation stated that the network designed the program for its Sui Name Service (SuiNS) and would fund new projects that advance the protocol and enhance its value to the Sui community. https://twitter.com/SuiNetwork/status/1894190626062963117 Program to Drive Development & Community Growth According to the Sui Foundation’s announcement, the newly launched RFP will drive impactful development and strengthen community collaboration. The Foundation explained that it will directly fund projects that align with the Sui ecosystem’s needs and the growth of…

Senior enforcement officials from the U.S. Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) have reaffirmed their commitment to policing market abuse, despite the Trump administration’s ongoing efforts to restructure federal agencies. Speaking at an American Bar Association event in Miami today, SEC acting enforcement director Antonia Apps and CFTC enforcement director Brian Young noted that enforcement will remain a priority even amid broader policy changes. “You can expect to see some changes depending on priorities and different policies that we may pursue,” Apps said, “but we will move forward with the core enforcement agenda that we…

U.S. authorities have started releasing thousands of seized Chinese-made crypto mining machines, though most of the equipment remains in custody, Reuters reported Wednesday. It follows months of seizures at ports nationwide, initiated by the U.S. Customs and Border Protection Agency, citing requests from the Federal Communications Commission to uphold existing regulations. Decrypt has reached out to the FCC to learn more. The enforcement actions emerged amid broader concerns about Chinese technology in sensitive sectors, with trade tensions escalating from President Donald Trump’s moves to impose tariffs on China and several other countries. The agencies’ actions align with guidelines from the…

Matt Cole, CEO of Strive Asset Management—an investment firm co-founded by Vivek Ramaswamy—has urged GameStop to adopt bitcoin as a reserve asset. Cole sent a letter to Ryan Cohen, Chairman and CEO of GameStop (GME), on Feb. 24. According to Cole, GameStop has a unique opportunity to redefine itself as a market leader with its nearly $5 billion cash reserve. “We believe GameStop has an incredible opportunity to transform its financial future by becoming the premier bitcoin treasury company in the gaming sector.” According to the letter, Strive’s clients hold shares of GameStop through the asset management’s exchange-traded funds (ETFs),…

Bifrost Network joins FAJ to expand BTCFi in Japan, collaborating with major fintech players like SBI, PayPal, and Sumitomo Mitsui. Japan’s regulatory flexibility and fintech partnerships offer Bifrost a strong foundation to drive BTCFi adoption and infrastructure improvements. Bifrost Network has recently reinforced its position in Japan by joining the Fintech Association of Japan (FAJ). This move is not only a member addition but also part of their expansion plan meant to support the development of Bitcoin Finance (BTCFi) in the Land of the Rising Sun. Joining Bifrost, they are now part of the fintech circle occupied by giants such…

Nasdaq has submitted Form 19b-4 to the SEC seeking approval to list and trade shares of Grayscale’s spot Polkadot ETF. The proposed fund, which would track the spot price of Polkadot’s native coin DOT, is expected to trade under the ticker symbol “DOT.” Grayscale Investments, as the sponsor behind the fund, aims to provide investors with a regulated and accessible avenue to gain exposure to Polkadot’s native token. In addition to the spot Polkadot ETF, Grayscale is seeking regulatory nod to offer ETFs tied to other digital assets like XRP, Solana (SOL), Dogecoin (DOGE), Cardano (ADA), and Litecoin (LTC). The…

Bitcoin (BTC) has been struggling lately, and it is getting tricky. With little to stop a major drop below $90,000, things could get messy quickly. But the flip side? There is less resistance above $95,000, so if Bitcoin turns bullish, it could move up just as fast. Right now, BTC is bouncing between $85,000 and $95,000, a range with plenty of room for action. Amid all this, another popular cryptocurrency, the third largest in particular, XRP, has found itself in an interesting place. Over the last few hours, the price of XRP has also fallen, by 14% in the last…