Author: NBTC

Two MIT-educated brothers went on trial Tuesday in Manhattan federal court for allegedly stealing $25 million in crypto in just 12 seconds. However, their defense claims it wasn’t illegal for them to have outmaneuvered “predatory” trading bots. Anton Peraire-Bueno and James Peraire-Bueno are alleged to have committed conspiracy, wire fraud, and money laundering. Each charge carries a maximum sentence of 20 years. Federal prosecutors call their April 2023 maximal extractable value (MEV) exploit on the Ethereum blockchain a “first-of-its-kind” fraud scheme, while defense attorneys insist it was simply a smart strategy in an unregulated marketplace. The trial may run into…

Coinbase launched the Embedded Wallets feature to all developers using the Coinbase Developer Platform (CDP) late Wednesday evening, as announced by CEO Brian Armstrong. The publicly traded crypto business has introduced a self-custodied wallet solution that integrates with Coinbase’s existing onramp APIs, allowing developers to keep full control over user experience design. Embedded wallets now live for everyone on Coinbase Developer Platform (CDP)! Easily add crypto wallets to your app. Works great with our Onramps product and other APIs too. https://t.co/Sv7iRmEAuY — Brian Armstrong (@brian_armstrong) October 16, 2025 CDP Embedded Wallets purportedly eliminate the need for seed phrases, browser extensions,…

Decentralized physical infrastructure (DePIN) protocol peaq has signed a memorandum of understanding with Dubai’s Virtual Assets Regulatory Authority (VARA) to develop a regulatory framework for onchain robotics and tokenized machines. According to a Thursday press release, the memorandum centers on peaq’s Machine Economy Free Zone, with additional areas of collaboration including guidance for projects seeking VARA licenses, joint training initiatives in technology and compliance, and data sharing to support research and regulation. Launched in July, the Machine Economy Free Zone is a controlled environment to test how robotics and AI can function within decentralized networks. Peaq co-founder Max Thake said…

A digital asset industry leader sees the Financial Conduct Authority’s decision to lift its prohibition on the sale of crypto ETNs to retail investors as a major step toward making the country a hub for crypto innovation. A Milestone for the UK Crypto Industry The Financial Conduct Authority (FCA)’s decision to lift its prohibition on the sale of crypto Exchange-Traded Notes (ETNs) to retail investors has sparked optimism across the digital asset industry, as asserted by Harry Horsfall, co-founder and CEO of Zebu Live. While these products are not covered by the Financial Services Compensation Scheme (FSCS), Horsfall still hails…

Major crypto exchange Binance has announced scheduled wallet maintenance for the Ethereum network in the next 24 hours, on Oct. 17 precisely. Binance stated it will perform wallet maintenance for Ethereum Network (ETH) on Oct. 17 at 6:00 a.m. (UTC), which will take about one hour. To support wallet maintenance, deposits and withdrawals on the Ethereum Network (ETH) will be suspended starting from Oct. 17 at 5:55 a.m. (UTC), and will resume when the maintenance is complete. As deposits and withdrawals are being suspended, the trading of tokens on the network will not be impacted. Deposits and withdrawals for tokens…

Xenea, an Ethereum Virtual Machine (EVM-compatible) Layer 1 blockchain, has successfully integrated with Astra Nova, a Web3 gaming ecosystem. It merges blockchain technology with artificial intelligence (AI). The primary objective behind this partnership is to advance real-world adoption of Decentralized Storage (DACS). We’re thrilled to announce a new strategic collaboration between Xenea and @Astra__Nova , paving the way for real-world adoption of Decentralized Storage (DACS)!🔗 Read the full article: https://t.co/YozhqgQyElThrough this partnership, Xenea and Astra Nova will explore how… pic.twitter.com/mIY26dkQ1i — Xenea (@Xenea_io) October 16, 2025 Fundamentally, the core purpose of this collaboration is to strengthen the Web3 ecosystem by…

Ethereum’s high-timeframe structure exposes the fallout from the leverage massacre. Open Interest has cratered, reflecting widespread liquidation across futures markets. With leverage drained and traders shaken out, the path forward depends on whether spot demand can fill the vacuum left by the OI collapse. The recent market volatility has presented a critical opportunity to assess the underlying health of various crypto assets. In an X post, Daan Crypto Trades, a full-time crypto trader and investor, has offered a compelling analysis of Ethereum’s high-timeframe chart, specifically focusing on Open Interest (OI), which shows exactly how much speculative excess has been washed…

Circle stock remains in a deep bear market this month. The stock has crashed amid valuation and interest rate cut concerns. Tether is raising capital at a $500 billion valuation. Circle stock price remains under pressure this month as investors assess the impact of the Federal Reserve’s interest rate cuts that will impact its revenue. It has plunged by 56% from its highest point this year. So, what next for CRCL as Tether’s valuation surges to $500 billion? Tether valuation to hit $500 billion The Circle stock price will be in the spotlight on Wednesday as investors assess its valuation.…

Attorney John E. Deaton has urged authorities and political leaders to reject any effort to pardon or commute the sentence of Sam Bankman-Fried, the former FTX chief convicted of arranging one of the largest financial frauds in U.S. history. In a statement shared on X, Deaton described Bankman-Fried as “the Bernie Madoff of crypto” and called on Pam Bondi to reopen investigations into alleged campaign finance violations. He also accused Bankman-Fried’s parents, Joe Bankman and Barbara Fried, of participating in the fraudulent operations, citing their reported involvement in shell companies, political fundraising, and property acquisitions tied to FTX funds. Let…

A feud between Fetch.ai CEO Humayun Sheikh and the Ocean Protocol Foundation has escalated into legal threats, onchain accusations, and a reaction from Binance, all centering on about 286 million Fetch.ai (FET) tokens worth roughly $84 million. The conflict stems from the Artificial Superintelligence (ASI) Alliance, a 2024 merger that combined AI-focused crypto projects Fetch.ai, Ocean Protocol and SingularityNET under a shared token framework. On Wednesday, Sheikh alleged that Ocean Protocol minted and transferred millions of OCEAN tokens before the merger. He said the project later converted them into FET and moved large sums to centralized exchanges and market-making firms…