Author: NBTC
Today, the jury for the Tornado Cash trial concluded its third day of deliberation, as many in the Bitcoin and crypto space continue to wait restlessly for a verdict. Another day of deliberation in the Tornado Cash trial keeping us on the edge of our seats https://t.co/bLFrIsIC5O — Seth For Privacy || Activate CTV + CSFS (@sethforprivacy) August 5, 2025 As someone who’s been in the courtroom for most days of the trial as well as these three (boring) days of deliberation, I, too, am more than ready for this trial to come to an end… …but I’m happy it…
U.S. Securities and Exchange Commission (SEC) Commissioner Caroline A. Crenshaw sharply criticized a new staff statement on liquid staking activities published by the SEC’s Division of Corporate Finance. Crenshaw argued that this clarification further exacerbates legal uncertainty rather than providing clarity for investors. Crenshaw stated that the statement contains numerous assumptions about liquid staking, and that these assumptions are not consistent with industry practices. “The Liquid Staking Statement presents a structure of assumptions stacked on top of each other, with little connection to reality,” Crenshaw said, adding that this situation creates confusion rather than provides direction for the industry. Crenshaw…
Pendle’s total value locked (TVL) has surged to a record $8.27 billion, while its native token PENDLE climbed 45% over the past week to $5.6 on the back of the protocol’s new yield-trading platform. With bitcoin funding rates averaging about 10% annualized this week and roughly $80 billion in open interest, according to Dune data, more than $8 billion changes hands yearly between longs and shorts. Boros packages those yields into tradable on-chain assets called Yield Units (YUs), letting traders go long or short on the rates themselves. Boros can be used for numerous advance strategies, including hedge floating funding…
Despite Ethereum’s price surge and a record-setting $2.5 million CryptoPunks sale, the NFT market is in steep retreat — with sales down 11% to $134.9 million and buyer and seller counts collapsing by about 90%, signaling a sharp contraction in participation across nearly all major blockchains. Summary NFT sales declined 11% to $134.9 million despite Ethereum’s 19% price surge. Market participation collapsed with buyer and seller counts dropping by approximately 90%. CryptoPunks #1021 set a new high-water mark with a 720 ETH sale worth $2.5 million. Where are all the NFT buyers? According to data from CryptoSlam, market participation has…
AllUnity, a joint venture between DWS, Galaxy and Flow Traders, has launched EURAU, a euro-denominated stablecoin approved under Germany’s new crypto regulations. EURAU is claimed to be the first euro-backed stablecoin to be issued under the EU’s Markets in Crypto-Assets Regulation (MiCAR) and licensed as electronic money by Germany’s BaFin. The token, issued on Ethereum as an ERC-20 asset, is designed for financial institutions, fintechs, and corporate clients needing regulated, instant cross-border euro payments. AllUnity has partnered with a consortium of European banks to act as reserve custodians. This structure aims to satisfy regulators and institutions seeking transparency, supported by…
Changpeng “CZ” Zhao, co-founder of Binance, just fired back at the FTX bankruptcy estate in a Delaware court, saying the U.S. has no legal right to come after him over a $1.76 billion clawback claim. On Monday, he filed a motion asking the court to dismiss the case completely. The reason? “The claims are so far removed from Delaware, and even the United States, that the statutes at issue, which lack extraterritorial application, do not even apply,” CZ wrote in the filing. He lives in the United Arab Emirates, not the U.S., and his lawyers argue that being a foreign…
Bedrock, a liquid staking protocol, has announced the launch of its UniBTC vault on Rootstock, a Bitcoin DeFi layer. The development is another greater integration of Bitcoin applications into the wider DeFi ecosystem. With this launch, Bitcoin holders can stake their BTC and earn rewards on Rookstock by minting uniBTC, unlocking yield across several interoperable DeFi platforms while keeping their BTC secure and liquid. We’ve officially landed on @rootstock_io 🛬What does this mean for your BTC-backed assets?1️⃣ Mint $uniBTC on Rootstock and unlock new DeFi and yield opportunities:https://t.co/UwmXMQcr5f2️⃣ Bridge your $uniBTC from other chains to Rootstock via @Protocol_Free… pic.twitter.com/ScNFPTBAoR —…
Coinbase has taken aim at the United Kingdom’s financial system in a darkly satirical video, which comes as data reveals a steep rise in financial hardship across the country. Titled “Everything is fine,” the video uses a musical tone and lyrics to brag about the UK’s strong finance while showing grim scenes of inflation, poverty, debt and financial struggle — a hint at the gap between what people are told and what they actually face. “We ain’t got no troubles. No reason to complain,” the video starts, as damaged homes and cash-strapped individuals fill the screen. “The streets can’t get…
The crypto industry is hailing the US Securities and Exchange Commission’s latest guidance on liquid staking as a rare regulatory win, with stakeholders calling it a major step forward for decentralized finance and institutional adoption of digital assets. Released Tuesday, the SEC staff issued a guidance on liquid staking, writing that under certain conditions, liquid staking activities and the receipt tokens they generate do not constitute securities offerings. “Institutions can now confidently integrate LSTs into their products which is sure to drive new revenue streams, expand customer bases, and enable the creation of secondary markets for staked assets,” Mara Schmiedt,…
Leading cryptocurrency Bitcoin (BTC) is trading in a narrow range after its ATH of $123,000 in mid-July. Although economic data from the US has been positive in recent months, the Fed failed to make the expected interest rate cut in June and July, and hopes for a September rate cut have also diminished. Many crypto investors were expecting a September interest rate cut, but Fed Chair Jerome Powell’s latest comments yesterday dampened those expectations. The probability of a September rate cut has now dropped to just 43%. “We remain very cautious about inflation risks,” Powell said at his latest press…