Author: NBTC

In brief The Dutch Public Prosecution Service has asked a Rotterdam court to declare crypto platform Knaken bankrupt in “the public interest.” Knaken has been offline since early June, leaving an estimated 30,000 customers unable to access their funds, and operated without the AFM license now required under EU rules. A separate criminal investigation by the FIOD saw investigators search premises and seize devices and assets on Monday, with no arrests so far. Dutch prosecutors are trying to force a collapsed crypto platform into bankruptcy to protect tens of thousands of customers locked out of their money. The Public Prosecution…

The transition from Bitcoin [$BTC] mining to AI is emerging as a growing risk as the market heads into Q3. In a recent post, On-chain Lens reported that Riot Platforms sold around 500 $BTC worth approximately $30 million, highlighting this pivot in real time. This move is notable in terms of timing, as Bitcoin has broken below $57k for the first time since early Q4 2025. Typically, such weakness would weigh on RIOT’s stock, yet price action has diverged. Notably, RIOT closed Q2 up 120%, marking its strongest quarterly performance since Q2 2023. Despite Bitcoin’s 15% correction during Q2, RIOT…

Tradeweb, an institutional electronic trading platform, has executed an onchain transaction involving tokenized US Treasuries, with Franklin Templeton transferring a tokenized Treasury security to Virtu Financial in exchange for tokenized cash over the Canton Network. Tradeweb provided execution and price discovery, while the Canton Network synchronized settlement between the tokenized Treasury and tokenized cash. The companies said the trade settled in real time, but did not disclose its size. A Tradeweb spokesperson told Cointelegraph the deal marked the industry’s first real-time purchase and sale of a tokenized US Treasury settled against USDCx, a $USDC-backed stablecoin issued on Canton. Participants included…

Jack Yi, founder of the crypto investment firm LD Capital, has stated that Bitcoin (BTC) is currently in its final downward phase. In a post on X, Yi outlined his analysis based on Elliott Wave theory and market cycle patterns, suggesting that the current decline represents the last major move of the ongoing bear market. Elliott Wave Analysis Points to a Bottom Yi noted that Bitcoin is undergoing its third downward wave since October of last year. According to Elliott Wave theory, which identifies recurring price patterns driven by investor sentiment, a third wave is often the strongest and most…

The launch, announced July 1 and shared with Bitcoin.com News, comes through a partnership between STBL and the Stellar Development Foundation. USST runs on STBL‘s Stablecoin 2.0 infrastructure and gives institutional holders of tokenized treasuries a way to access decentralized finance (DeFi) liquidity without giving up their yield-bearing positions. How USST Works Market participants deposit qualifying real-world assets ( RWAs), such as tokenized treasuries or money market funds, to mint USST. The protocol supports settlement, collateral mobility, and cross-border payments. Initial minting will run on eligible tokenized treasury collateral, starting with USDY. STBL says it plans to add Franklin Templeton‘s…

Strategy has received another Wall Street price target cut after Canaccord lowered its valuation on the company while maintaining that Bitcoin’s long-term investment case remains intact. Bitcoin outlook remains intact despite lower valuation According to a research note from Canaccord, the brokerage reduced its price target for Strategy to $130 from $163, citing the company’s prolonged share price decline rather than any change in its long-term view on Bitcoin. The revision comes as Strategy stock has struggled for months, even though the firm said its underlying investment thesis for the cryptocurrency remains unchanged. $MSTR | Canaccord maintains 𝐁𝐮𝐲 on 𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐲,…

Shiba Inu layer-2 blockchain, Shibarium, is facing scrutiny as on-chain data highlighted slowing network activity, limited token burns, and stagnant holder growth. The slowdown comes as $SHIB’s price continues to underperform. The meme coin is trading at low levels last seen in 2021, while investor attention shifts toward artificial intelligence-related crypto projects. Shibarium Network Activity Cools Recent data from ShibariumScan suggests network activity has slowed considerably compared to the expectations that surrounded Shibarium’s launch. The blockchain has processed more than 1.56 billion transactions and created nearly 270 million wallet addresses since going live. However, daily transaction volume has fallen to…

In brief Changpeng “CZ” Zhao and Binance were named in a lawsuit seeking nearly $200 million in the U.K. The suit alleges the firm offered risky financial products without appropriate regulatory approval. Nearly 1,700 British investors were listed as claimants. Global crypto exchange Binance and its founder Changpeng “CZ” Zhao have both been named in a U.K. lawsuit seeking nearly $200 million (£150 million), according to a report from Reuters. The lawsuit alleges that the firm offered complex and risky financial instruments, like leveraged trading products, without regulatory approval. The suit includes nearly 1,700 claimants, according to the report, some…

CoinGecko, one of the world’s largest cryptocurrency data aggregators, has excitedly displayed the list of top decentralized exchanges by holding volume over the last 24 hours. These cryptocurrency exchanges collectively hold trading volume of $3.18 Billion, having 32.28% changes over the previous day, and also have Decentralized Finance (DeFi) dominance of 6.5%. Here is the list of top decentralized exchanges (DEXs) in terms of holding trading volume, % market Share by Volume, and coins and pairs. These cryptocurrency exchanges are Uniswap V4 (BSC), PancakeSwap V3 (BSC), PancakeSwap Infinity CLMM (BSC), Uniswap V4 (Ethereum), Aerodrome SlipStream, Uniswap V3 (Ethereum), Aerodrome Slipstream…

Starknet recently amplified a widely shared post from @TheBlockCo, announcing StarkWare’s unveiling of its post-quantum roadmap. StarkWare describes this roadmap as crypto’s ‘strongest’ to date, marking a significant development in the ongoing evolution of blockchain security. This announcement is crucial as it addresses the potential future threats posed by quantum computing to cryptocurrency infrastructures. What Happened The broader crypto landscape continues to exhibit mixed signals, leaving many investors cautious. Starknet’s retweet of StarkWare’s ambitious post-quantum roadmap underscores a growing focus on security within the blockchain community. The roadmap aims to bolster defenses against quantum threats, positioning Starknet at the forefront…