Author: NBTC

The US Supreme Court announced its next hearing will be on Tuesday, amid a critical decision expected regarding the tariffs signed by President Donald Trump. Whether the decision, which is being closely watched in global markets, will be announced in this session remains uncertain. As is customary, the court did not announce in advance which cases would have their verdicts published. It was stated that the verdicts could be announced when the judges took the stand at 10:00 a.m. Washington time. If a decision on the tariffs isn’t announced next week, the process could be extended by at least another…

Despite the rocky start crypto policymaking got off to this year, at the moment it does look like U.S. policymakers are making progress on the legislative and regulatory fronts. The White House is kicking off new discussions on stablecoin yield with representatives of the banking and crypto industries. You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. Click here to sign up for future editions. The narrative The Senate Agriculture Committee voted to advance market structure legislation, the White House is directly involved in resolving yield issues and the SEC and CFTC are…

Cryptocurrency exchange Binance has announced it will support the planned network upgrade and hard fork process on the Zilliqa ($ZIL) network. According to the exchange’s statement, token deposits and withdrawals on the Zilliqa network will be temporarily suspended to protect user experience and ensure a smooth technical transition. Binance will suspend deposits and withdrawals on the Zilliqa ($ZIL) network on February 5, 2026, at approximately 12:00 PM. The network upgrade and hard fork are expected to take effect at block height 19,486,411. Binance stated that this block height will be reached around 1:00 PM. The exchange stated that the technical…

The crypto market has lost over $15 billion to hackers, with a fifth of it lost in bridge exploits, which Chainlink says highlights the need for its cross-chain solution. Cross-chain interoperability only works if security is built in, moving away from centralized single points of failure, the network says. The crypto market has continued to be a prime target for cyber criminals, who keep making away with billions of dollars every year. Cross-chain bridges are among the most vulnerable, and according to Chainlink, its cross-chain infrastructure is the ultimate solution. In 2025, hackers stole $2.87 billion in 147 hacks, a…

A governance delegation platform for Aave, the largest decentralized lending platform, with more than $29 billion in total value locked (TVL), has proposed pausing three underused Layer 2 deployments of Aave V3. In a Jan. 29 governance proposal that moved to a snapshot vote on Feb. 3, the Aave Chan Initiative (ACI) proposed that Aave freeze its V3 deployments on Ethereum L2s zkSync Era, Metis, and Soneium to cut costs. “Over time, it has become clear that a small subset of instances contributes very little user activity, TVL, and revenue, while still requiring a non-trivial amount of attention from service…

Bitcoin mining hardware maker Canaan has until July to raise its share price and escape delisting, Nasdaq told the firm earlier this week. The company now has until July to raise its share price above $1 for at least 10 consecutive days to escape being delisted, it said in a press release Friday. If the company fails to achieve compliance, Nasdaq can grant the firm more time to come back into compliance. Other firms faced with a similar issue have used a reverse stock split to boost their share price. It involves reducing the number of outstanding shares and increasing…

Senator Elizabeth Warren is calling for congressional hearings after new reporting revealed that the United Arab Emirates’ top intelligence official secretly took a nearly 50% stake in a Trump-era crypto company. According to a Wall Street Journal investigation, an entity backed by Sheikh Tahnoon bin Zayed Al Nahyan—the United Arab Emirates’ national security adviser and a key power broker known as the “Spy Sheikh”—quietly purchased a 49% stake in World Liberty Financial for $500 million just days before Donald Trump’s inauguration last year. The deal, signed by Eric Trump, reportedly funneled $187 million directly to Trump family entities, and at…

CoinMarketCap has published its “Large Crypto Exchange Reserve Ranking” report for January 2026. According to the report, Binance ranked first with total reserves of approximately $155.64 billion. A significant portion of Binance’s reserves consisted of stablecoins and Bitcoin-related assets. According to the data, Binance holds $47.47 billion of its total reserves in stablecoins. This amount represents approximately 30.5% of the exchange’s total reserves. On the other hand, the total size of Bitcoin and Bitcoin-related assets is stated as $49.84 billion. This item represents approximately 32.03% of total reserves. Thus, it is seen that both stablecoins and Bitcoin have a significant…

Merkle Trade, the largest decentralized perpetual futures exchange on Aptos by trading volume, said in an X post on Feb. 3 that it will begin winding down operations over the coming weeks. The team said the decision followed “careful consideration” and comes after the platform processed nearly $30 billion in cumulative trading volume since launch. Without specifying a reason for the winddown, the statement concludes: “But we are proud of what we built, and grateful to everyone who was part of it.” According to the announcement, new positions will be disabled on Feb. 6, with all remaining positions forcibly closed…

Ethereum price has weakened sharply over the past several sessions, extending losses as market sentiment deteriorated. The recent dip reflects broader bearish conditions and also deliberate investor actions. Increased selling pressure has made recovery more challenging. At the same time, continued distribution risks push $ETH further lower before meaningful stabilization occurs. Ethereum Holders Move To Sell Their Holdings Whale activity has played a significant role in Ethereum’s latest decline. Over the past week, addresses holding between 10,000 and 100,000 $ETH reduced exposure aggressively. These large holders sold more than 1.1 million $ETH during this period. At current prices, the value…