Author: NBTC

Three months after divesting its auto financing unit to focus on Bitcoin mining, Chinese conglomerate Cango (CANG) has significantly ramped up crypto production, indicating that its acquisition of Bitmain mining rigs is enhancing its capacity amid intensifying industry competition. Cango produced 650.5 Bitcoin (BTC) in July, a sharp increase from 450 BTC in June, according to data from Farside Investors. Farside also noted it has added Cango to its miner dashboard while removing Hut 8 due to a lack of monthly production disclosures. Source: Farside Investors As Cointelegraph reported, Cango mined a combined 954.5 BTC in April and May —…

Collally Network and Huostarter have formed a strategic partnership. Huostarter is a multi-coin staking-based launchpad and venture capital town hall. Together, they plan to help Web3 projects at an early stage to gain easier access to funding, professional assistance, and a barrier-free entrance into the market. 🌐 Exciting Partnership Announcement 🤝We’re excited to announce our collaboration with @Huostarter Huostarter is a tokenless, blockchain-based launchpad and VC’s Townhall—pioneering multi-coin staking for governance. By removing token barriers, Huostarter makes early-stage… pic.twitter.com/AQTTw9o5yg — Collably Network (@CollablyNetwork) August 5, 2025 Making Web3 More Accessible and Inclusive Huostarter stands out by removing the single-token gatekeeping…

Slash, a San Francisco-based neobank for businesses, launched a payments and treasury platform powered by a new U.S. dollar stablecoin issued by Stripe’s Bridge on Tuesday. The product, called the Global USD Account, is aimed at companies seeking U.S. dollar access and cross-border payments without a U.S. bank account. It introduces Slash’s own stablecoin, USDSL, which lets users store, send and receive dollars or stablecoins in one account, the company announced. The setup aims to shorten settlement times and remove foreign exchange fees for cross-border payments to U.S. suppliers, the company said in an interview with CoinDesk. Stablecoins, a type…

A controversial European Union proposal dubbed “Chat Control” is regaining momentum, with 19 out of 27 EU member states reportedly backing the measure. The plan would mandate messaging platforms, including WhatsApp, Signal and Telegram, to scan every message, photo and video sent by users starting in October, even if end-to-end encryption is in place, popular French tech blogger Korben wrote on Monday. Denmark reintroduced the proposal on July 1, the first day of its EU Council presidency. France, once opposed, is now in favor, Korben said, citing Patrick Breyer, a former Member of the European Parliament for Germany and the…

XRP is regaining momentum as institutional adoption grows backed by a solid technical outlook and growing speculation about potential spot exchange-traded funds (ETFs). However, the market is now mostly focused on the ongoing legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC). First filed in December 2020, the case is heading toward another pivotal moment as it approaches the August 15 deadline by which the SEC is required to update the appellate court on the status of the dispute. Ripple vs. SEC August 15 deadline: What does it mean? The kernel of the problem is the question…

Paul Atkins, the Chairman of the U.S. Securities and Exchange Commission (SEC), has announced a new regulatory initiative called “Project Crypto.” The program’s goal is to integrate blockchain technologies directly into the U.S. capital markets. The project will focus on rewriting existing securities rules to fit the new digital asset economy and allow for broader on-chain market activity. Paul Atkins: Regulation Should Not Become a Procrustean Bed That Stifles InnovationPaul Atkins, Chairman of the U.S. SEC, has announced the launch of a new initiative called “Project Crypto,” aimed at advancing on-chain integration and regulatory innovation within U.S. capital… pic.twitter.com/EZGzlqEgoY —…

Chainlinkintroduced a new pricing method called Chainlink State Pricing to address a growing challenge in DeFi: how to reliably price assets that mainly trade on decentralized exchanges (DEXs) and have low activity on centralized exchanges (CEXs). This solution is now live on mainnet through Chainlink Data Feeds (push-based) and Chainlink Data Streams (pull-based). Chainlink State Pricing calculates the value of tokens using liquidity data from onchain DEX pools, not just recent trade activity. This makes it especially useful for assets like liquid staking tokens (LSTs), liquid restaking tokens (LRTs), and tokenized real-world assets (RWAs) that often lack trading volume but…

Web3 first-person shooter (FPS) game Shrapnel is set to leave the Avalanche blockchain for a new home in the Gala Games ecosystem. The team announced the move via X on July 30, referring to the migration as a “strategic move that enables our global launch and reflects our shared vision.” The reaction from the gaming community has been mixed, but the move is certainly commanding attention, and as a result, Shrapnel accounts for 24% of the total AVAX mindshare according to Messari Portals*. AVAX Mindshare Portal – Messari Despite some initial pushback, the market seems to like the idea, with…

Stables Labs, a decentralized platform that offers stablecoin and tokenization solutions, has announced the launch of its USDX and sUSDX synthetic stablecoins on the Base blockchain. This integration, which is powered by Axelar Network and Squid Router, facilitates efficient multi-chain access for USDX and sUSDX on Base. This deployment is part of Stables Labs’ wider strategy to broaden its cross-chain presence, with the aim of enhancing accessibility and interoperability within DeFi. These USDX and sUSDX synthetic stablecoins, which are pegged to the US dollar, are now available on the Base network, providing users with a stable and convenient approach for…

Crypto-native insurance service Nexus Mutual reimbursed its customers who had lost money in the recent Arcadia Finance hack. According to a Monday announcement shared with Cointelegraph, Nexus Mutual reimbursed approximately $250,000 to users who lost funds in the Arcadia Finance hack. The protocol was hacked in mid-July for $3.5 million in USDC (USDC) and USDS on the Base blockchain, with stolen assets swapped to Wrapped Ether (WETH). The attackers siphoned funds directly from user accounts. Arcadia users who lost funds started filing claims on July 29 after a 14-day cooldown. In partnership with OpenCover, a base-based coverage seller, Nexus Mutual…