Author: NBTC

The stay in the Securities and Exchange Commission (SEC) case against Justin Sun has been extended again, with the request specifically referencing “a lapse in appropriations,” which resulted from the government shutdown. According to a recent filing, SEC lawyers who had been assigned to the case “have been furloughed and prohibited from working.” This case, which was originally brought in 2023 against Sun, was revised in 2024, and was stayed in February of this year. Read more: SEC sues Justin Sun over TRX, BTT, market manipulation The lawsuit alleged that Sun had participated in market manipulation, sold unregistered securities, and…

OKX now backs customer funds with $35.4 billion in primary assets, a 75% annual surge, as its 36th consecutive PoR report establishes a new verifiable benchmark for an industry under regulatory scrutiny. Summary OKX marks three years of continuous Proof of Reserves reporting, confirming $35.4B in fully backed assets across 22 tokens. The exchange reports 75% year-over-year growth in reserves and 100%+ coverage for major assets like BTC, ETH, and USDT. User verification is surging, with ZK audits up 386% and “View My Audit” engagement up 123%. In a press release shared with crypto.news on Oct. 30, OKX announced that…

Bitcoin (BTC) miners have raised $11 billion in convertible debt — corporate debt that is convertible to stocks — over the last year, amid a pivot into artificial intelligence data centers. Miners completed 18 convertible bond deals following the April 2024 Bitcoin halving that slashed the block reward by 50%, according to TheMinerMag. The average convertible bond issue more than doubled, with mining companies MARA, Cipher Mining, IREN and TeraWulf each raising $1 billion through single bond issues. Some offerings have featured coupons as low as 0%, signaling investors’ willingness to waive interest payments in exchange for potential equity upside.…

A recent outage at Amazon Web Services (AWS) froze thousands of applications and reignited debate about web3’s reliance on centralized cloud providers. The disruption exposed how deeply crypto platforms still depend on Web2 infrastructure for systems meant to operate without interruption. How a Centralized Outage Crippled Decentralized Systems On October 20, 2025, the AWS US-EAST-1 region went dark for nearly three hours due to a DNS bug in its DynamoDB service, freezing thousands of applications worldwide. The outage, which began around 07:55 UTC and was resolved by 09:35 UTC, stemmed from a latent software defect that created an empty DNS…

Good Morning, Asia. Here’s what’s making news in the markets: Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk’s Crypto Daybook Americas. The Korean won and the Taiwan dollar can’t really leave their shores, bound by local rules born in the aftermath of the 1997 financial crisis that keep them home. Japan’s yen, by contrast, flows freely. That convertibility makes it the perfect candidate for a stablecoin that brings Japan’s low-rate liquidity into DeFi, where traders can chase…

The NFT market has been performing resiliently with Courtyard being the highest performing collection based on 24-hour trading volume. The platform registered a solid $1.11 million trading volume and 16.37K sales to establish the momentum of a bullish Q4. #NFT MARKET OVERVIEW TOP COLLECTION #Courtyard – 24H Volume $1.11M… pic.twitter.com/VjNgWXRldY — PHOENIX – Crypto News & Analytics (@pnxgrp) October 31, 2025 This spike reiterates a new wave of interest in digital collectibles especially those supported by vibrant community-driven engagements and inter-platform interactions. Pudgy Penguins and CryptoPunks Retain NFT Market Strength In the second place, following Courtyard, Pudgy Penguins recorded the…

Investment bank Macquarie upgraded Core Scientific (CORZ) to outperform from neutral and hiked its price target on the stock nearly 90% to $34 from $18 following the collapse of the CoreWeave (CRWV) deal. The failed merger between Core Scientific and CoreWeave came as no surprise after reports and proxy recommendations pointed to shareholder opposition, analysts Paul Golding and Marni Lysaght wrote in the report on Thursday. The bank’s analysts viewed the outcome as a positive, giving Core Scientific more flexibility to lease its near-term power capacity to AI tenants. Core Scientific shares were 4.5% higher in early trading, around $21.70.…

Retail access to crypto exchange-traded notes has returned to the UK after the Financial Conduct Authority lifted its ban on the products, marking a significant shift in the country’s approach to digital asset investing. The move introduces new distribution opportunities for firms but comes with tighter restrictions aimed at reducing investor harm. Crypto ETNs (cETNs) can now be offered to retail investors when listed on the FCA’s Official List and traded on a UK-recognized investment Exchange. Restricted Mass Investments The regulator had already assessed prospectuses in anticipation of the 8 October policy change to allow a faster rollout of new…

Neobank Revolut has introduced a 1:1 conversion between USD and stablecoins, allowing its 65 million users to exchange up to $578,630 every 30 rolling days without incurring fees or spreads. “Today marks the day we remove all anxiety and friction of moving between fiat and crypto,” Revolut’s head of product in crypto, Leonid Bashlykov, posted to LinkedIn on Thursday. “1:1 Stablecoins by Revolut — $1.00 means $1.00.” Revolut reported holding nearly $35 billion worth of assets on behalf of its customers in 2024, marking a 66% increase from 2023, while its monthly transactions on the platform also rose considerably. Revolut’s…

Riot Platforms reported its financial results for the quarter ending September 30, 2025, and the numbers came in heavy. The company posted $180.2 million in revenue, up from $84.8 million in the same quarter last year. Riot also reported net income of $104.5 million, equal to $0.26 per diluted share, compared to a $154.4 million loss or $(0.54) per diluted share in Q3 2024. The shift was driven mainly by stronger Bitcoin mining revenue and the current value of Bitcoin it holds. Riot said it produced 1,406 bitcoin in the quarter, up from 1,104 mined in the same period last…