Author: NBTC
The crypto world is no stranger to volatility, but when a prominent platform faces severe financial distress, it sends ripples through the community. That’s precisely what’s happening with Ziglu, a UK-based digital banking and crypto platform, which has now officially entered special administration. This development, reported by Crowdfund Insider, marks a critical juncture for the company and its users, highlighting the ongoing challenges in the evolving crypto landscape. Understanding Ziglu’s Financial Distress: What Went Wrong? For months, signs of trouble had been brewing at Ziglu. The company, once a promising name in the UK crypto scene, found itself in a…
According to Bloomberg ETF analysts James Seyffart and Eric Balchunas, the XRP spot ETF currently has a 95% chance of being approved by the SEC. Asset managers like Franklin Templeton, Bitwise, and ProShares have already filed applications for XRP ETFs. Imagine if the U.S. didn’t have a president like Donald Trump who supports cryptocurrency, progress in the space would likely be moving much slower. Take Ripple (XRP), for example. It’s faced its fair share of legal battles and delays in getting investment products tied to it approved. But things are starting to look up. According to Bloomberg ETF analysts James…
The EU’s Anti-Money Laundering Authority, or AMLA, has issued a warning to regulators and virtual asset service platforms, such as crypto exchanges, custodial wallet providers, or crypto ATMs. Bruna Szego, chair of AMLA, said it was “essential” that the bloc is “adequately protected from the risks of money laundering and terrorist financing stemming from this sector.” The Frankfurt-based organization, which became operational at the start of the month, is charged with ensuring the EU’s 27 countries comply with its sweeping new set of anti-money laundering regulations. In an interview with The Financial Times, Szego explained that regulators will be expected…
On Sunday, Eric Jackson, the founder and president of Toronto-based hedge fund EMJ Capital posted a thread on X that explained his firm’s bullishness on ether (ETH). According to Jackson, the market has underestimated the impact of upcoming developments, particularly the anticipated approval of staking for ETH exchange-traded funds (ETFs) by October 2025. He argued that this event, rather than the already-approved ETH ETFs, represents the true catalyst for significant price growth, as it could transform ether into a yield-generating asset attractive to institutional investors. Jackson explained that his firm’s model anticipates a supply crunch driven by several factors. He…
Ripple CEO predicts stablecoin market to grow from $250B to $2T, fueled by regulation and rising institutional demand. Ripple’s RLUSD crosses $500M cap, gains BNY Mellon custody and Transak integration as adoption accelerates. The stablecoin sector, once a quiet corner of the crypto world, is now stealing the spotlight. Ripple CEO Brad Garlinghouse predicts the market will grow nearly tenfold, from $250 billion to $2 trillion in just a few years. Speaking to CNBC, he called this shift “profound,” pointing to rising institutional demand and the long-awaited clarity around regulations now falling into place. This projection echoes U.S. Treasury Secretary…
Chainlink saw 2.5 million interactions as more people talked about its role in real-world asset projects. VeChain followed with 1.81 million interactions, largely driven by its work in supply chain use cases online. Chainlink (LINK) and VeChain (VET) are attracting heavy attention in the Real-World Asset (RWA) space. Data shows that they have recorded millions of user engagements, signaling strong community interest. However, market participants are wondering if this growing interest will translate into actual price growth for these two digital assets. LINK Leads with 2.5 Million Interactions as RWA Conversations Surge According to a recent post on X, Chainlink…
Crypto entrepreneur Roger Ver—also known as “Bitcoin Jesus”—has reportedly sued Spain as one of the technology’s earliest adopters fights extradition to the U.S. over tax evasion charges. Bloomberg Law first reported that the crypto mogul filed a lawsuit with the European Court of Human Rights, claiming that the country violated his legal protections when it ruled that he should be sent to the U.S. According to Bloomberg, which reviewed the lawsuit, Ver’s legal team argued that the extradition order would amount to “illegitimate restrictions on his right to liberty.” They further alleged in the filing that Spanish authorities failed to…
Sharplink Gaming, a Nasdaq-listed company that has been on the agenda for a while with its Ethereum (ETH) purchase, announced that it has purchased ETH again. Accordingly, the Nasdaq-listed company purchased 74,656 ETH worth $156 million at an average price of $2,852 between July 7 and 13. With this acquisition, SharpLink Gaming (SBET) increased its treasury to 280,706 ETH, surpassing the Ethereum Foundation. Accordingly, SharpLink Gaming has become the world’s largest institutional Ethereum holder, surpassing the holdings of the Ethereum Foundation, which holds 196,354 ETH worth approximately $591 million. The company also purchased 10,000 ETH directly from EF last week.…
With yesterday’s announcement about a $100 million purchase of the $TRUMP memecoin, Tron (TRX) founder Justin Sun is in contention with Elon Musk to become the largest personal donor to US President Donald Trump. As his donations and purchases of Trump’s crypto tokens continue, it’s safe to assume that the president will personally earn over $60 million from Justin Sun — and probably much more. Weeks ago, Sun was already a $75 million donor to Trump’s first DeFi project by way of his World Liberty Financial (WLFI) token purchases. In addition, Sun and HTX, which he claims to advise, had…
Charles Hoskinson, the founder of Cardano (ADA), pushed back hard against accusations that governments could pressure him into censoring the blockchain. Responding directly to a viral post claiming he could be forced to confiscate users’ assets, Hoskinson replied with a challenge and a sarcastic meme from the movie “Vacation,” mocking the notion that a decentralized protocol like Cardano could be manually censored on command. It comes in response to a thread where a user argued that unlike Bitcoin, Cardano and other altcoins could be shut down or manipulated through their founders or central entities. Hoskinson dismissed the entire premise as…