Author: NBTC

We have seen this fight over stablecoin yields before, and history instructs us that we should not shortchange innovation in favor of protecting incumbent interests. Right now, the banking lobby is pushing hard to upend the bargain Congress struck in the GENIUS Act last year. In that landmark bill, Congress prohibited stablecoin issuers — those who are statutorily permitted to create and offer stablecoins in the United States — from offering stablecoins that paid the holder an interest rate. In other words, a stablecoin issuer is prohibited from offering you a dollar-equivalent token that will be worth $1.04 in a…

TL;DR Italian tax police raid Triestina Calcio, owned by crypto firm House of Doge, for alleged money laundering and fraud. The probe focuses on €10M in public funds and ~€40M in transfers from U.S. and Canadian banks. Despite large capital injections, the club carries €60M in debt, pointing to questionable financial management. Italian tax police executed a search operation at the offices of Triestina Calcio, a third-division team controlled by U.S. cryptocurrency company House of Doge. Authorities investigate alleged money laundering, fraudulent accounting, and false invoices. Agents conducted inspections at the club’s headquarters located in Trieste, a northeastern Italian city,…

The Ethereum network is experiencing its most active phase to date. However, this does not necessarily indicate a bullish outlook. Recent on-chain data shows Ethereum reaching a major milestone as transfer counts hit a record high. Historically, similar signals have not always led to positive price performance. In addition, a sharp spike in exchange inflows raises concerns that selling pressure has not yet subsided. How Does Ethereum’s Current Situation Compare to 2018 And 2021? Entering February, CryptoQuant data shows that Ethereum Transfer Count—the total number of token transfers—measured by a 14-day moving average, reached a record level of 1.1 million.…

A newly registered trader on Polymarket, one of the most widely used online cryptocurrency prediction market websites, has managed to turn a nearly $330,000 profit in a single day. Going by the name of NBA101, the trader has made 48 predictions since they joined earlier this month, most of them sports-related. The latest was an $82,000 bet on Sacramento Kings vs. Los Angeles Lakers on January 13, which turned a 312% profit of approximately $256,500 for a total win of more or less $338,000 when the Sacramento team beat the L.A.-based rival 124:112. Adjusting for a nearly $9,000 daily loss…

Crypto companies are stepping up efforts to win banks over as a major Senate bill on digital assets hits roadblocks. The bill, which passed through the House of Representatives last year, would reshape parts of the U.S. crypto market. Disagreements in the Senate, however, have stalled its progress, and the legislation’s future is uncertain. Crypto firms are seeking new concessions on stablecoins to push things forward. These initiatives are intended to resolve one of the main sources of friction with banks, signalling the crypto industry’s intention to keep the bill alive. One of the new proposals is to allow community…

Ethereum co-founder Vitalik Buterin and crypto analyst c-node have reignited the debate over the true purpose of Decentralized Finance (DeFi). Together, the two industry experts challenge the booming industry to rethink its priorities. Experts Clash Over What Counts as “Real” DeFi The underlying issue, according to the experts, is that much of today’s DeFi hype is superficial, serving speculative interests rather than advancing genuinely DeFi infrastructure. “There is no reason to use DeFi unless you have longs on cryptocurrencies and want access to financial services while preserving self-custody,” c-node wrote. They dismissed common yield-generating strategies—like depositing $USDC into lending protocols—as…

ETHZilla (ETHZ), an Ethereum-focused digital asset treasury firm, is pushing deeper into tokenization, acquiring a $4.7 million portfolio of manufactured and modular home loans. The company plans to tokenize the 95-loan portfolio on an Ethereum layer-2 network, aiming to turn the loans into cash-flow-generating digital tokens available via Liquidity.io, a regulated broker-dealer and trading system, according to an announcement shared with CoinDesk on Thursday. The loans, secured by first-lien mortgages, are expected to yield around 10% annually, according to the firm. “This transaction represents a natural extension of the tokenization strategy we’ve been building,” said McAndrew Rudisill, chairman and CEO…

Project Eleven has raised $20 million to build defenses against the existential threat quantum computing poses to cryptocurrency. The round values the startup at $120 million. The company is backed by heavyweights from its June 2025 seed round, including crypto-native VC Variant Fund and quantum tech fund Quantonation. Project Eleven is preparing for “Q-Day.” This is the theoretical event when quantum computers become powerful enough to break the encryption that secures the internet and financial systems. Bitcoin, Ethereum, and most major blockchains rely on Elliptic Curve Cryptography (ECC) for generating public and private keys. A sufficiently powerful quantum computer running…

Crypto companies are reportedly floating concessions relating to stablecoin yields in an attempt to unfreeze the delayed crypto market structure bill. The legislation passed the House but has stalled in the Senate as negotiations continue over whether stablecoin issuers should be allowed to offer yields, with banks arguing it will compete with and take money away from traditional savings accounts. Anonymous sources told Bloomberg that crypto firms are now making new proposals, such as giving community banks a bigger role in the stablecoin system, to ease the bill through the Senate. Other proposed compromises include requiring stablecoin issuers to hold…

BitMine Immersion Technologies is facing increasing pressure as plunging ether prices have led to heavy unrealized losses. The Ethereum Treasury, which is chaired by Fundstrat’s Tom Lee, sits at the center of one of the largest single-asset corporate bets in crypto history as market conditions continue to weaken. Ether hit a local low of around $2,048 on February 5, putting BitMine’s holdings deep underwater. The company holds about 4.28 million $ETH, which was accumulated as part of an aggressive treasury strategy adopted last summer. As a result, unrealized losses now exceed $7 billion, a drawdown of over 45% on its…