Author: NBTC
A significant policy shift in the United States may soon change the course of crypto regulations seen under President Biden. President-elect Donald Trump is preparing an executive order to prioritize cryptocurrency at the national level, a decision that could reshape the regulatory approach to the industry. The initiative seeks to align cryptocurrency with federal policy, encouraging collaboration between private companies and government agencies while enhancing the legitimacy of digital assets. What a difference an election can make. What do I mean? We went from @GaryGensler and @ewarren’s UNLAWFUL war against crypto to @realDonaldTrump establishing a Crypto Czar in @DavidSacks, a…
World Liberty Financial (WLFI), a decentralized finance platform reportedly backed by Donald Trump and his family, made headlines with a massive cryptocurrency buying spree just hours before Trump’s inauguration ceremony. According to data from Arkham Intelligence, WLFI’s wallet address acquired over $109 million in digital assets across six cryptocurrencies in a single day. Among the most notable purchases was 177.26 Wrapped Bitcoin (WBTC), worth approximately $18.8 million in the past two hours. WBTC is a Bitcoin derivative token that runs natively on the Ethereum blockchain. The purchase generated some buzz in the cryptocurrency community. For example, Michael Saylor celebrated the…
The Ethereum Foundation, de-facto figurehead of the Ethereum ecosystem, has responded to community frustrations by proving that it does in fact use the chain… to dump ETH. The complaints have generally been focused on the foundation’s lack of leadership, which many feel is to blame for Ethereum’s limited price action compared to bitcoin (BTC), SOL, and other major cryptocurrencies. Read more: Ethereum Foundation blasted for EigenLayer conflicts of interest However, the foundation’s efforts to engage with the criticism have largely come across as being out of touch. Initial attempts were seen to be missing the point when the official Ethereum…
The President’s crypto-dominant holdings may drive regulatory frameworks favoring digital assets. Potential citizen token airdrops could redefine political engagement and loyalty. Rising cryptocurrency dominance signals a paradigm shift, impacting fiat systems and wealth distribution. In a groundbreaking development, the financial space of the President of the United States has shifted dramatically. Overnight, $59 billion of the individual’s net worth transitioned into cryptocurrency assets, representing over 90% of their holdings, as noted by Balaji on the X Space. This change, which persists even under severe market downturns, introduces unprecedented dynamics to both politics and finance. A New Financial Reality This shift…
Decentralized Physical Infrastructure Networks (DePin) are transforming the tech by enabling decentralized projects in real-world infrastructure. Here’s what happened in DePin sector recently: Aethir partnered with LayerZero to support blockchain development, The Graph announced a new GRC-20 standard for Web3 data, and Barry Silbert’s DCG launched the Yuma ecosystem accelerator. Aethir Integrates LayerZero Aethir, the DePin “GPU-as-a-service” network, recently announced a new partnership with LayerZero to support blockchain development. Specifically, Aethir claimed that this partnership will transform the company into a “multichain AI and gaming ecosystem.” This investment aligns with Aethir’s other recent collaborations for AI-centric game development. “With the…
Ripple CTO David Schwartz has taken to his official account on X to touch on the topic of Gary Gensler stepping down from the position of SEC chairman. Gary Gensler steps down, Ripple CTO reacts After publishing a tweet, in which he urged the crypto community to stop attacking each other and be friendly for a change, a commentator wondered who “the enemy of crypto” was now that the former SEC boss had called it quits. “Gary just walked, we’ve won already,” he stated. Schwartz responded that if there is a new “enemy of crypto” the community does not know…
The publicly listed Bitcoin (BTC) miner from Wall Street (NYSE: ARBK) and London (LSE: ARB) Argo Blockchain plc announced today (Tuesday) that Chief Executive Officer Thomas Chippas will step down from his position and board directorship, effective February 28, 2025. Chief Financial Officer Jim MacCallum will serve as interim CEO while the company conducts an executive search The CEO joined Argo Blockchain in late 2023, during a challenging period for the cryptocurrency market and the mining industry. During his tenure, Chippas led significant financial improvements at the dual-listed crypto miner, notably orchestrating the early repayment of the company’s Galaxy loan…
Ethereum has recently displayed notable volatility, witnessing a 10% surge attributed to increased market activity surrounding President Trump’s inauguration. Nevertheless, the asset faces a pivotal resistance at $3.5K, and the upcoming price action will likely define its next trend. Technical Analysis By Shayan The Daily Chart ETH encountered significant buying interest near the 100-day moving average at the $3.2K mark, propelling the price upward by 10%. This heightened buying pressure has brought the asset closer to a critical resistance region at $3.5K, which aligns with the bullish flag’s upper boundary. If this momentum persists, Ethereum is likely to break above…
Despite expectations for pro-crypto policies, President Trump’s inaugural speech did not address cryptocurrency, falling short of some industry expectations. President Donald Trump inaugurated on Jan. 20 as the 47th President of the United States.. In his inaugural address, he emphasized themes of unity, strength, and fairness, focusing on key issues such as high inflation, immigration policies, border control, energy production, and oil. Trump made no mention of cryptocurrency, leaving the industry’s future regulatory landscape uncertain. This omission stands in contrast to the anticipation of a crypto-friendly administration. You might also like: Trump Family’s dual coin launch draws fire for conflicts…
Avalanche developers have launched the blockchain’s “Avalanche9,000” testnet, an upgrade that aims to bring cheaper and easier L1 development to its network. Avalanche9,000 went live at roughly 1pm ET on Monday, the Avalanche Foundation said in a statement. The Foundation will disburse $40 million in retroactive grants to builders on Avalanche, including $2 million for referrals, to stimulate the network’s growth and adoption. The upgrade will come to Avalanche’s mainnet, called the C-Chain, sometime in 2025. “[This latest upgrade] focuses on making every component of the Avalanche tech stack cheaper,” Ava Labs Chief Protocol Architect Stephen Buttolph told Decrypt. “From…