Author: NBTC

Crypto venture capital firm Selini Capital has initiated the unstaking of 504,000 $HYPE tokens, valued at approximately $31.7 million, according to data shared by Markets Alpha on X. The move follows the firm’s decision to close the Dreamcash market, a perpetual futures market it deployed on Hyperliquid’s HVM using the HIP-3 protocol. Background of the Unstaking Request The address involved, beginning with 0xffa8, was originally used to deploy the Dreamcash market under the HIP-3 framework. HIP-3 is a system on Hyperliquid’s HyperVM (HVM) that enables any user to create perpetual futures markets. Selini Capital had staked the $HYPE tokens as…

Taiwan’s financial regulator plans to require crypto platforms to transmit customer information on all domestic platform-to-platform transfers starting in October. On Tuesday, the Financial Supervisory Commission said its proposed amendments would apply the Financial Action Task Force’s (FATF) Travel Rule regardless of value. Transfers exceeding 30,000 New Taiwan dollars (about $930) would trigger additional data requirements, including an individual sender’s date of birth and residential address, or a corporate sender’s official identification number and registered address. Receiving VASPs would also be required to compare beneficiary information supplied by the originating platform with their own records. The FSC plans to extend…

Coinbase, the largest cryptocurrency exchange in the US, announced it will delist six trading pairs to improve market health and concentrate liquidity in a smaller number of trading pairs. No further details were shared regarding the reasons for the delisting. According to an announcement by Coinbase Markets, trading on the LSETH-ETH, $MINA-EUR, $GRT-GBP, $MASK-GBP, $CHZ-$USDT, and $CRO-$USDT trading pairs will cease on August 6, 2026. Related News Jim Cramer Announced That He Will Sell All of His Bitcoin The exchange announced that the assets in question will continue to be supported, but the specified trading pairs will no longer be…

Riot Platforms, one of the largest publicly traded Bitcoin miners, sold 4,300 $BTC during the second quarter to help fund operations and its expanding data center business, according to the company’s latest earnings report. What Riot Still Holds Despite the sale, Riot still holds a substantial Bitcoin treasury. Riot still holds 11,380 $BTC, worth close to $666 million at the June 30 price, based on Bitcoin’s closing price of $58,527 that day. Of that total, 5,821 $BTC is currently pledged as collateral. The company ended the quarter with more than $1.2 billion in total liquid assets, including $548.9 million in…

Luke Dashjr, one of the key proponents of BIP-110 soft-fork attempt, has been removed from his position as an editor of such proposals for the development of the Bitcoin network. The motion’s forwarding and subsequent carrying followed shortly after the controversial BIP-110, an attempt to temporarily restrict use of the Bitcoin network for non-financial purposes, stalled almost immediately after entering a signaling period for miners and node operators to demonstrate their support. Dashjr, who was one of the most prominent Bitcoin developers driving the BIP-110 initiative, was accused of abusing his editorial authority in doing so, such as attempting to…

In brief Derive now accepts Flare’s FXRP as collateral for $XRP options and perpetual futures. Users can trade through their own wallets without relying on a centralized exchange. Options settle in $USDC, exposing traders to margin and liquidation risks. $XRP holders can now use Flare’s FXRP as collateral to trade options and perpetual futures on decentralized exchange Derive, Flare announced on Thursday. According to Flare, users mint FXRP, a token representing $XRP on the Flare blockchain, through its FAssets bridge that converts tokens like Bitcoin, $XRP, and Dogecoin into ERC-20 tokens on the Flare network. They can then deposit the…

Bitmine Immersion Technologies, the largest corporate Ether holder, surpassed 5 million Ether in staked tokens, which will generate an estimated $257 million in annualized revenue, according to a company announcement on Monday. Ether ($ETH) staking is emerging as an important revenue stream that generated about 98% of Bitmine’s revenue for the fiscal quarter ending May 31, or $45.7 million of the company’s $46.5 million, analysts from Bitfinex exchange told Cointelegraph, adding: “It funds operations and its share buyback program: 19.1 million shares repurchased since July against a $4 billion authorisation, without Bitmine having to sell any Ether.” Ether treasury companies…

Strategy will contribute $250 annually to Trump Accounts for eligible children of its U.S. employees, expanding its benefits beyond its core Bitcoin treasury operations. Strategy adds Trump Accounts to employee benefits Strategy announced on Aug. 5 that it had joined the Invest America Business Pledge, committing to fund Trump Accounts for the children of its U.S. workers. The company will contribute $250 each year for every eligible child under 18, regardless of the child’s birth year. For children born on or after Jan. 1, 2025, Strategy will also provide a one-time $1,000 contribution matching the U.S. government’s initial deposit, according…

The latest U.S. congressional primary elections this week saw another unusual setback for the crypto industry’s largest campaign fund when incumbent Representative Shri Thanedar got shut down by progressive challenger Donavan McKinney for a Democratic nomination in Detroit. It cost the Fairshake political action committee more than $2 million, and the industry loses an incumbent ally in the House of Representatives who co-sponsored its version of the Digital Asset Market Clarity Act and had also been active in other crypto legislation. His democratic socialist opponent is a blank slate on crypto issues, but he drew endorsements from Senator Bernie Sanders…

In brief Visa Direct is adding stablecoin prefunding and payout capabilities through Zerohash. Eligible clients can send cross-border payouts and prefund accounts using stablecoins. The move expands Visa’s efforts to integrate stablecoins into its global payments network. Visa is expanding its stablecoin payment offerings through an arrangement with crypto infrastructure provider Zerohash, allowing eligible Visa Direct clients to prefund accounts and send payouts using stablecoins. In an announcement on Wednesday, Zerohash said the new capabilities will be available through Visa Direct, the company’s money movement network. ]]> “Unlocking stablecoin use cases at the core network level further accelerates adoption globally,”…