Author: NBTC
Crypto stocks took a sharp nosedive Tuesday as investors dumped tech and risk assets after a strong rally last week that had been fueled by growing speculation around interest rate cuts, but that momentum broke hard as traders got spooked by rising uncertainty ahead of Federal Reserve Chair Jerome Powell’s upcoming remarks in Jackson Hole, Wyoming. Among the hardest-hit names was Galaxy Digital, the crypto financial services firm that cratered by 10%. Coinbase, now part of the S&P 500, gave up over 5%, while eToro fell even further, sliding more than 6%. Other platforms like Robinhood and Bullish were also…
Argentina is reopening its investigation into President Milei over the LIBRA scandal. The first commission, created in April, faced bureaucratic and Congressional hurdles and was unable to operate properly. Milei, however, now faces new corruption scandals largely unrelated to crypto. These enabled a new political coalition to forcibly reopen the investigation, which should continue through the October elections. Milei’s Alleged LIBRA Involvement The LIBRA pump and dump was a massive scandal for Argentina, but the search for answers and justice seemingly hit a low point recently. President Milei dissolved the Task Force investigating his involvement in May, and US-based prosecutions…
Retail traders on Solana-based decentralized exchanges are shifting their attention elsewhere in the cryptoeconomy, with the month of August extending a year-long decline as concerns linger over scams related to meme coins. The daily DEX trader count has plummeted from a peak of 4.8 million at the start of the year to just 900,000 in August, according to one Dune Analytics dashboard. Daily DEX transactions have also nearly halved, from a July peak of 45 million to 28.8 million. One expert Decrypt spoke to has linked the dip to predatory meme coin rug pulls and Ethereum’s growing dominance. “The…
Falcon Finance has launched an onchain insurance fund with an initial $10 million contribution to enhance risk management and protect users of its USDf stablecoin ecosystem. $10M Backstop: Falcon Finance Establishes Onchain Safeguard According to the release shared with Bitcoin.com News, Falcon Finance has established an onchain insurance fund, seeding it with an initial $10 million in its USD1 stablecoin. The fund is designed as a structural safeguard to enhance transparency and provide protection for counterparties and institutional partners engaging with the protocol. The fund will act as a financial buffer to protect the protocol and its users during periods…
Celsius has cautioned creditors from falling prey to rising phishing scams. The Celsius creditors are set to recover 67% to 85% of their holding through the stipulated recovery plan. The third Celsius distribution will happen via the same methods including PayPal, Coinbase, Venmo, and Hyperwallet. Celsius, a defunct cryptocurrency lending platform currently undergoing a court-approved reorganization plan, has announced the commencement of the third funds distribution to creditors. According to the announcement, Celsius will distribute $220.6 million to creditors through the approved methods. After distributing 93 percent of the funds owed to creditors last year, Celsius will begin distributing the…
The president fired the central bank governor on Monday evening, but Cook is fighting back with a lawsuit that will likely end up at the Supreme Court. Fed Governor Lisa Cook’s Lawsuit Against Trump to Be Reviewed Friday “I will not resign. I will continue to carry out my duties to help the American economy as I have been doing since 2022.” That was the defiant response of Federal Reserve Board Governor Lisa Cook in a written statement published by multiple media outlets on Tuesday, less than a day after U.S. President Donald Trump posted a letter on Truth Social,…
The cryptocurrency world is always buzzing with activity, and recent on-chain data has captured the attention of many. A notable Ethena ENA deposit, valued at nearly $9.64 million, has just landed on Binance. This significant movement by a multi-signature address linked to the Ethena project is certainly worth a closer look for anyone following the crypto space. What Exactly Was This Ethena ENA Deposit? Just a short while ago, an address identified as belonging to the Ethena (ENA) project team made a substantial transfer. They deposited a whopping 15 million ENA tokens, equivalent to approximately $9.64 million, directly to the…
Creditlink, an on-chain credit protocol, has announced its groundbreaking partnership with WLFI, a prominent decentralized finance (DeFi) protocol and USD1 issuer. The primary purpose of this strategic collaboration is to build a safer, more efficient, and accessible DeFi future for users. Both Web3 platforms decided to deal with the users’ issues while trading. 🔥 Creditlink x WLFI! We’re thrilled to announce our partnership with World Liberty Financial @worldlibertyfi, issuer of #USD1, a regulated, dollar-backed stable coin.With WLFI joining Creditlink, we’re building a safer, more efficient & accessible DeFi future. 🌐💳 pic.twitter.com/VhR9TIbi3R — Creditlink (@creditslink) August 28, 2025 WLFI, issuer of…
The cryptocurrency world is buzzing after a significant on-chain event: a large ETH withdrawal of 15,752 ETH, valued at an astonishing $68.24 million, from the FalconX platform. This massive transfer, reported by Onchain Lens on X (formerly Twitter) just hours ago, originated from a newly generated wallet, sparking considerable discussion among market observers and analysts. Such substantial movements often signal important shifts or strategies within the digital asset landscape, making this development particularly noteworthy. What Exactly Happened with This Large ETH Withdrawal? In the early hours, a fresh, previously inactive digital wallet initiated and completed a significant transaction. This wallet…
Law and Ledger is a news segment focusing on crypto legal news, brought to you by Kelman Law – A law firm focused on digital asset commerce. The following opinion editorial was written by Alex Forehand and Michael Handelsman for Kelman.Law. Hester Peirce’s Peanut Butter & Watermelon Speech SEC Commissioner Hester Peirce’s intriguing “Peanut Butter & Watermelon” speech—delivered on August 4, 2025, at U.C. Berkeley’s Science of Blockchain Conference—offers more than just a memorable culinary metaphor. Her reflections call attention to a foundational tension at the heart of digital finance: the promise of disintermediated technologies versus the traditional machinery of…