Author: NBTC

Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has secured a Virtual Asset Platform Operator License from the Securities and Commodities Authority (SCA) of the United Arab Emirates (UAE), the exchange said on Thursday. Bybit becomes the first crypto exchange to obtain this full license from the SCA, the company said in a press statement. A number of crypto firms with operations in Dubai are regulated under the VARA framework. The SCA regulation is wider in scope as it applies on the UAE mainland, and applies to entities outside Dubai’s jurisdiction under VARA. (ByBit also has a provisional license…

UC San Diego and the University of Maryland researchers have reported findings showing that roughly half of GEO satellite downlinks carry data without encryption. Further, data interception can be reproduced with just $800 of consumer hardware. Per WIRED, the team captured telco backhaul, industrial control traffic, and law-enforcement communications, and reported fixes to affected providers where possible. UCSD’s Systems and Networking group lists the paper “Don’t Look Up” for CCS 2025 in Taipei, reinforcing that this is not a lab curiosity but a documented, peer-reviewed disclosure pipeline. The method targets legacy satellite backhaul rather than any single application layer. Moreover,…

Ethereum (ETH) has continued its strong upward momentum, climbing beyond $4,500 in recent sessions and approaching a new all-time high. The second-largest cryptocurrency by market capitalization is showing signs of renewed investor optimism. However, whether it can surpass $5,000 will depend on maintaining key technical and psychological levels. Ethereum Holders May Not Sell Currently, about 97% of Ethereum addresses are in profit. Historically, when this percentage crosses the 95% mark, it signals a potential market top as investors begin realizing gains. In past cycles, this level often preceded short-term reversals as traders moved to secure profits. However, Ethereum’s resilience amid…

Bitcoin mining company CleanSpark secured its second $100 million credit line this week without issuing new shares, highlighting the growing role of digital assets as collateral in mainstream finance. The latest facility, disclosed Thursday, was arranged with Two Prime, an institutional Bitcoin (BTC) yield platform, and is backed entirely by CleanSpark’s Bitcoin treasury. With this agreement, CleanSpark’s total collateralized lending capacity is now $400 million. The non-dilutive nature of the financing is particularly notable. Public companies often raise growth capital through equity offerings, which can dilute existing shareholders’ stakes. By using its nearly 13,000 BTC holdings as collateral instead, CleanSpark…

The Hong Kong Legislative Council has published a special bulletin that details the latest developments regarding stablecoins in the region, including renminbi-backed stablecoins. Summary Hong Kong’s Legislative Council’s latest report included plans to seek central government support for the issuance of offshore RMB-backed stablecoins. Major Chinese state-owned enterprises such as PetroChina and the Bank of China have shown interest in obtaining stablecoin licenses to issue their own stablecoin pegged to the Chinese currency. On Oct. 13, the legislative council released a document called the “special report” which consists of major government policy initiatives and hot social issues, and provide the…

Momentum Finance, the leading decentralized exchange on Sui, has announced plans for its upcoming MMT Community Offering on Buidlpad. Summary MomentumFinance will raise $4.5 million via its MMT community token sale on Buidlpad.. Earlycampaignparticipants gain Tier 1 access at a lower valuation and higher contribution limits. The sale cements Momentum’s community-first approach, reinforcing its status as Sui’s leading DEX with over $550M in TVL. The token sale is designed to give real users, not venture capital firms, the first opportunity to own a stake in Sui’s fastest-growing decentralized finance ecosystem. According to an Oct. 10 announcement from Momentum Finance, the…

Since August this year, Ethereum has been forced to bounce off the same downward trendline four times, with each rejection resulting in a decline. Value remains near its early October 2025 level near 4,300, but ETH is unable to break past that point. It is an interesting query: is the fourth rejection a sign of a looming collapse or is ETH piling momentum on the breakout? This pattern of rejection is a critical turning point as pointed out in the work of technical analysts such as Ali Charts. At the point where price tries to hit the same level many…

Crypto trading firm Keyrock says onchain asset management is having a breakout year. In a new report, the firm estimated that assets under management (AUM) have surged 118% in 2025 to $35 billion, driven by growth across automated yield vaults, discretionary strategies, structured products and credit. Keyrock predicts that the sector could nearly double again by 2026, reaching $64 billion under a base case scenario, or as much as $85 billion if this year’s growth momentum continues. Discretionary strategies were the standout in 2025, up 738% year-to-date, as onchain investing evolves into a credible alternative to traditional finance, the report…

TL;DR More than 130,000 Chinese investors are attempting to recover 61,000 bitcoins seized by the UK after a $6 billion crypto fraud. Qian Zhimin allegedly converted investor funds into BTC before fleeing to London, where authorities confiscated the assets. The biggest legal obstacle is proving direct ownership of the seized bitcoin, especially after years of price appreciation. The effort to reclaim 61,000 bitcoins seized by British authorities has turned into a landmark fight that stretches beyond national borders. For many Chinese investors, the challenge lies in linking outdated financial records to digital assets that have multiplied in value since the…

Crypto exchange OKX has announced the launch of pre-market trading for Monad (MON) and Meteora (MET) tokens, offering users the opportunity to participate in the price discovery of new assets. OKX Launches Pre-market Trading for MON and MET According to the exchange’s statement, the MON/USDT trading pair will be listed in pre-trade on October 10, 2025, at 16:00, while the MET/USDT trading pair will be listed at 16:15. Monad (MON) was designed as a Layer 1 blockchain compatible with the Ethereum Virtual Machine (EVM) and aims to solve the scalability issues of existing networks. Meteora (MET) stands out as a…