Author: NBTC

California Governor Gavin Newsom has signed legislation making his the first state to explicitly protect unclaimed crypto from forced liquidation, ensuring digital assets remain in their original form rather than being converted to cash before transferring to state custody. Senate Bill 822, authored by Senator Josh Becker (D-Menlo Park), updates California’s decades-old Unclaimed Property Law to include digital financial assets, treating Bitcoin, Ethereum, and other cryptos with the same legal framework that governs abandoned bank accounts and securities.  The bill passed unanimously through both chambers in September before being signed by Newsom on Saturday.  The legislation clarifies that digital…

CZ clarified that YZiLabs never invested in Hyperliquid, addressing rumors of Binance backing Jeff Yan. Crypto Twitter reacted strongly, criticizing CZ’s tone while praising Jeff Yan’s achievements. Hyperliquid, built by a 10-person team, now handles over 10% of global crypto derivatives trading. Binance Founder Changpeng “CZ” Zhao recently stirred the crypto community with a tweet addressing Hyperliquid and its founder Jeff Yan.The post came amid speculation that Hyperliquid might be backed or funded by CZ, but after putting rumors to rest, it sparked lively debate across crypto Twitter. CZ’s Tweet Sparks Debate CZ’s tweet was clear but struck some as…

Grayscale has introduced staking to its ether and solana investment products, becoming the first firm to offer staking through U.S.-listed spot crypto exchange-traded products (ETPs). The update applies to the Grayscale Ethereum Trust ETF (ETHE), Ethereum Mini Trust ETF ETH$4,575.50, and Grayscale Solana Trust (GSOL), which were already available to investors. Grayscale’s ETHE has an estimated $4.82 billion in net assets, while its mini trust has $3.31 billion. Its GSOL trust has $122.5 million in assets under management. By adding staking, Grayscale gives investors a way to earn rewards from blockchain networks without directly holding or managing the underlying assets.…

IREN stock price is in a strong bull run this year as investors cheer its strong earnings and the ongoing diversification into the artificial intelligence industry. Summary IREN stock price has jumped as the company targets $500 million ARR in AI revenue in Q1. It also jumped after the recent $17 billion deal between Microsoft and Nebius. However, IREN has become overbought and could go through a mean reversion. IREN has moved from the April low of $5.17 to $50, bringing its market capitalization to $13 billion. IREN, one of the top Bitcoin (BTC) mining companies, has jumped after it…

The US government shutdown negatively impacted many sectors and also disrupted progress in the cryptocurrency sector. At this point, the shutdown has delayed the approval of altcoin ETFs like XRP and Solana (SOL), which are awaiting approval from the SEC. Apart from this, it also postponed the approval process of cryptocurrency bills in the USA. Investment bank TD Cowen has indicated that the US cryptocurrency bill could be delayed beyond the November 2026 elections. US investment bank TD Cowen has predicted that the passage of a major cryptocurrency market structure bill could be delayed until after the November 2026 midterm…

South Africans can now pay with cryptocurrency at thousands of retail stores nationwide, following a new partnership between QR payments provider Scan to Pay and Bitcoin payments company MoneyBadger. According to a Tech Central report, the integration allows users of major exchanges, including Binance, Luno, Blink and VALR, to pay using Bitcoin (BTC), stablecoins and other crypto assets at over 650,000 Scan to Pay-enabled merchants. Crypto holders can pay for their purchases through QR codes at checkout counters, while the merchants will receive their settlements in rand. The system works through the MoneyBadger platform, linking payments to users’ exchanges or…

BitMine Immersion Technologies (BMNR), the Ethereum-focused digital asset treasury firm led by Fundstrat’s Thomas Lee, continued to buy ether ETH$4,589.19 adding 179,251 tokens to its balance sheet through last week, worth roughly $820 million at current prices. With the latest purchase, the firm’s ETH stash surpassed 2.83 million tokens, more than 2% of the second largest cryptocurrency’s supply, according to a Monday press release. Shares are up 4% premarket alongside the weekend gains in crypto prices. The company said total crypto and cash reserves stand at $13.4 billion, including $456 million in cash, 192 bitcoin BTC$124,864.99, and a stake in…

Within 12 months, Ukrainians spent hundreds of millions of U.S. dollars to acquire cryptocurrency, according to a recent report. The authors of the document, published by a major international development bank, have registered a spike in crypto activity in the war-torn nation. Ukraine branded ‘heavy crypto user’ Cryptocurrency has gained popularity in Ukraine since Russia launched its invasion more than three years ago, not least as a result of fiat restrictions imposed by its monetary authority under martial law. According to the European Bank for Reconstruction and Development (EBRD), the Eastern European country is a leader in terms of crypto…

Abu Dhabi Airports and Al Hail Holding, an Abu Dhabi investment entity, signed an MoU to explore next generation payment solutions including stablecoin and crypto/digital assets. Abu Dhabi Airports and Al Hail Holding, who has invested in digital bank Zand, will also develop a regulated digital wallet for inbound travelers to Zayed International Airport in efforts to enhance the UAE’s status as a global hub for tourism, fintech, and sustainable mobility. Additionally the partnership will include integration of AI systems and sustainable infrastructure to improve operational efficiencies. The Abu Dhabi Airports will provide infrastructure and operational access, while Al Hail…

Ethereum’s ongoing underperformance against Bitcoin has reignited debate over what’s holding the asset up, and who’s really behind its demand. According to Bitcoin advocate Samson Mow, roughly $6 billion in South Korean retail money is now propping up so-called Ethereum treasuries, companies accumulating ETH as a balance-sheet asset echoing MicroStrategy’s Bitcoin strategy. Mow issued the claim in an Oct. 5 post on X, arguing that “ETH influencers” have been flying to Seoul to court retail traders chasing the next “strategy play.” According to CoinMarketCap, as of Oct. 6, ETH has slipped about 1.9% in the past 24 hours and is…