Author: NBTC

Commercial bank money is likely to become fully digital in the future, alongside central bank money, according to Fabio Panetta, the governor of Italy’s central bank, Banca d’Italia. Panetta made the remarks on Wednesday while addressing the executive committee of Italy’s banking association. According to a report by Reuters, Panetta said both digital commercial bank money and central bank money would continue to anchor the monetary system, while stablecoins would only play a complementary role. He added that the stability of stablecoins ultimately depends on their peg to traditional currencies, limiting their ability to function independently in the financial system.…

This morning, Binance announced a $1 billion purchase of bitcoin ($BTC) from its SAFU fund. Unfortunately, the swap from its stablecoin reserves did little to repair confidence from catastrophic liquidations that originated on the exchange during the October 10, 2025 crypto crash. On that date, Donald Trump threatened China with an unprecedented, 100% import tariff rate. Investors duly panicked. As a result, $BTC tanked 14% while smaller digital assets experienced even worse sell-offs. At its worst moment, the native coin of Cosmos’ blockchain traded 99.99% lower on Binance. Rumors (which Binance never confirmed) circulated that the exchange or one of…

Ethereum institutional demand has started showing visible cracks as U.S. investor activity slows across major trading platforms. The Coinbase premium index has flipped deeply negative, signaling reduced buying interest from American institutions. Market watchers now question whether this shift reflects temporary caution or a deeper change in $ETH positioning. Institutional flows often guide broader market direction, especially during uncertain macro conditions. When U.S. investors step back, Ethereum price momentum usually struggles to hold strength. The current trend suggests a meaningful change in how large players approach $ETH exposure. This development arrives during a sensitive phase for the crypto market. Ethereum…

The cash-and-carry arbitrage that used to be a goldmine for big desks is now barely hanging on. This was the play where companies would buy Bitcoin on the spot market and short it on the futures side, locking in the price difference as profit. For a while, it was the go-to move. But that’s not the case anymore. The trade is getting crushed by low yields, tighter spreads, and shrinking interest from U.S. institutions. Bitcoin futures open interest on the Chicago Mercantile Exchange (CME) has dropped below Binance for the first time since 2023. Wall Street used to favor CME…

The co-founder and board of crypto infrastructure platform Cere Network have been hit with a $100 million lawsuit claiming they undertook a pump-and-dump scheme that stole millions of dollars from investors. In a lawsuit filed in a San Francisco federal court on Tuesday, Vivian Liu, who said she worked for and invested in the company, claimed Cere co-founder Fred Jin, his brother, his wife, and the company’s board stole $41 million from investors. According to the lawsuit, Jin promised ahead of a public token launch for the platform in November 2021 that he and early Cere investors could not sell…

DraftKings has announced that it will enable crypto-to-cash deposits in four states across the United States. In its statement, the betting platform said it will roll out a new feature that will allow all users in the US to use digital assets converted to cash to fund their online betting accounts. The statement was corroborated at a Massachusetts Gaming Commission (GMC) meeting this week. The meeting was headed by the Chief of the Division of Sports Wagering, Carrie Torrisi, who mentioned that DraftKings has been given the all clear to introduce the new deposit source in the four states over…

Vitalik Buterin said he no longer agrees with his 2017 tweet that downplayed the need for users to personally verify Ethereum end-to-end. This week, he argued the network should treat self-hosted verification as a non-negotiable escape hatch as its architecture gets lighter and more modular. Buterin’s original position grew out of a design debate over whether a blockchain should commit to state on chain or treat state as “implied,” reconstructable only by replaying ordered transactions. Ethereum’s approach, putting a state root in each block header and supporting Merkle-style proofs, lets a user prove a specific balance, contract code, or storage…

California-based crypto firm BitGo has relocated its headquarters from Palo Alto to South Dakota as it prepares for its initial public offering, to avoid the state’s proposed 5% billionaires tax on high-net-worth individuals. BitGo declared in its December filings with the U.S. Securities and Exchange Commission about the shift and is now officially based in South Dakota’s largest city, Sioux Falls. BitGo will keep its Palo Alto location and has offices in San Francisco, New York, Canada, India, Germany, Singapore, South Korea, and Dubai. BitGo moves its headquarters due to California’s Billionaire Tax Act The company did not reveal in…

Australia’s Federal Court has fined crypto Qoin Wallet operator BPS Financial $14 million (US$9.9 million) after finding it misled consumers about whether its token could be spent at merchants or exchanged for cash and other digital assets. The penalty was handed down on Monday after the court found in 2024 that BPS Financial promoted and operated Qoin Wallet without an Australian Financial Services Licence for almost three years. The court also found that the company had “engaged in misleading and deceptive conduct” after making false representations about Qoin Wallet.  Qoin Wallet is a non-custodial digital assets app that allows…

Nearly four months after crypto’s record Oct. 10 flash crash wiped out leveraged positions across the market, the industry is still arguing about what actually broke. That argument turned into a public spat on Saturday after OKX founder and CEO Star Xu claimed the crash was neither complicated nor accidental, but the result of irresponsible yield campaigns that pushed traders into leverage loops they did not understand. On Oct. 10, President Trump’s fresh tariff escalation on China rattled macro markets and hit crypto at the worst moment. With leverage already stacked, the initial drop turned into a wipeout with roughly…