Author: NBTC

Cryptocurrency asset management company Grayscale has launched a new exchange-traded product (ETF) in the US, offering investment in the privacy-focused altcoin Zcash ($ZEC). The company’s Zcash ETF, ZCSH, began trading on the NYSE Arca today. Created by converting the Grayscale Zcash Trust into an ETF, ZCSH is the first exchange-traded product in the US to focus on $ZEC. According to shared data, as of August 24, the fund had approximately $314 million in assets under management, with approximately 387,200 $ZEC in its portfolio. The annual management fee for ZCSH has been set at 2.5%. Grayscale also announced that revenue from…

Hyperliquid’s HIP-3 markets have grown tremendously both in terms of volume and open interest ever since going live on mainnet last year in October. This weekend saw HIP-3 markets notch up another milestone as they closed above $4 billion in open interest for the first time. A month ago the figure stood at $3.67 billion, meaning the last four weeks saw a rise of 9.8%. Rewinding back to the start of the year, it was $259.33 million. That is a 1,454% increase in a little over seven months. Source: ASXN Hyperliquid Dashboard The timing of it is what makes the…

$BNB Smart Chain (BSC) activated its Pasteur hard fork on Tuesday, closing bridge verification and validator authorization gaps while introducing a new route intended to fit more transactions into each block. In a Tuesday post, $BNB Chain confirmed that Pasteur was live on the BSC mainnet. The team said the upgrade strengthens the network’s bridge, staking and governance security while giving blocks more capacity without changing its 450-millisecond block time. The upgrade combines three $BNB Evolution Proposals. BEP-682 rejects duplicate validator entries during cross-chain light-block verification, while BEP-695 tightens controls involving validator key rotation, slashing and governance voting. Furthermore, BEP-675…

A wallet associated with Strategy (MSTR) has transferred 299.84 $BTC, valued at approximately $18.91 million, according to blockchain tracking service Lookonchain. The transaction, which occurred about nine hours ago, has drawn attention from market observers due to the company’s history of selling Bitcoin during specific windows. Context and Recent Activity Lookonchain noted that the last time Strategy moved $BTC was between July 1 and July 5, when the firm sold 3,588 $BTC worth roughly $216 million. This latest transfer, while smaller in scale, could signal a continuation of the company’s treasury management strategy or potential preparation for a sale. Strategy,…

$RLUSD Supply Crosses $2 Billion Ripple USD ($RLUSD) surpassed $2 billion in market capitalization last week. On Aug. 25, Ripple shared the milestone in a post on X: “$RLUSD crossed $2B in market cap last week, with close to $1B issued on the $XRP Ledger. Live since December 2024, built for real-world utility and designed for enterprise use cases. “ Each $RLUSD token is designed to maintain a value of $1 through reserves containing cash and permitted cash equivalents. Ripple’s $RLUSD documentation states that reserves are held in segregated accounts and include short-term U.S. Treasury bills, government money market funds,…

Pakistan has announced a new regulatory framework for crypto after banning the asset class for close to a decade, Announcing the news in an X post Friday, Bilal Bin Saqib, the special assistant to the prime minister on blockchain and cryptocurrency, invited foreign businesses to come to the country and set up shop. Pakistan’s Virtual Assets Act introduces the country’s first comprehensive legal framework for overseeing virtual assets and the businesses that operate in this space. 8 years of prohibition end today.Chairman PVARA @BilalBinSaqib announces the notification of the Licensing Regulations and the opening of the licensing portal, and sets…

As the $KAITO ($KAITO) price plummeted more than 27% during the past 7 days, a crypto trader on the Hyperliquid decentralized exchange (DEX) lost $1.98 million in 8 days. On August 10, trader 0x2be3…8082 closed a $KAITO long trade with a net loss of 1,978,855. In addition to fees paid of about $4,083, this trader lost a total of $1,982,938 in about 192 hours. 0x2be3…8082’s completed trades on Hyperliquid. Source: Hyperbot Essentially, this trader opened a long position for 6,065,626 $KAITO amid bullish exhaustion earlier last week. As the token traded at about $0.6693 earlier on Monday, this crypto derivatives…

InterPlanetary File System (IPFS) maintainer Shipyard will wind down its engineering, maintenance and infrastructure operations on Sept. 30 after Protocol Labs declined to renew its funding. The funding loss will leave projects including Kubo, Helia, Boxo, Rainbow, IPFS Desktop and IPFS Companion without dedicated maintainers, Shipyard said in a Monday blog post. IPFS is an open-source protocol for storing and sharing data across peer-to-peer networks. Protocol Labs is a research and development organization that created IPFS and Filecoin, a blockchain network designed to incentivize decentralized data storage. The engineering collective will cease operating public infrastructure, including ipfs.io, dweb.link, delegated-ipfs.dev and…

A solo miner scored a major win even as the broader market frets over a multimillion-dollar Coldcard hardware wallet exploit. According to mempool data, an independent miner successfully packaged block 960,804 early Monday. The block reward of 3.157 $BTC is valued at approximately $199,300. Details on the specific hardware used remain unknown. The success came just three weeks after another solo miner, running a single hobbyist-grade Bitaxe device, struck block 957,382, pocketing 3.1382 $BTC, worth roughly $200,000 at the time. These back-to-back wins highlight a broader trend. Solo miners have already claimed 13 blocks this year. While individual operators continue…

In a notable shift in U.S. equity market activity, Strategy (MSTR), the Bitcoin treasury company formerly known as MicroStrategy, has climbed to 17th place in trading volume rankings, surpassing tech giant Google (GOOG). The data, compiled by BitcoinTreasuries.net, highlights the growing investor interest in companies with significant Bitcoin holdings. Market Activity and Investor Sentiment Trading volume is a key indicator of investor interest and market liquidity. Strategy’s rise in the rankings reflects a surge in trading activity, driven by its aggressive Bitcoin acquisition strategy and the subsequent volatility in Bitcoin prices. In contrast, Google, a component of the so-called “Magnificent…