Author: NBTC

Vesting NFTs surged to the top of data aggregator CryptoSlam’s daily sales volume rankings on Friday, generating over $12.4 million on BNB Chain. The sharp spike placed the niche non-fungible tokens (NFTs) product ahead of legacy digital art collections like CryptoPunks and Pudgy Penguins, signaling that investors are showing interest in new forms of liquidity for vested tokens. The activity surge also made BNB Chain the top network for daily NFT sales with about $14 million, almost doubling Ethereum’s $7 million for the day. CryptoSlam data showed that UNCX Network, a decentralized service provider, operates the Vesting NFTs that surged…

In a move that signals growing institutional confidence in the digital asset space, Nasdaq-listed Reliance Global Group (RELI) has officially completed its first significant ETH purchase. This announcement, while not disclosing the exact size of the acquisition, marks a pivotal moment for both the company and the broader cryptocurrency market. For many, this strategic decision by a publicly traded entity underscores the increasing mainstream acceptance of Ethereum as a valuable asset. It’s a development that will undoubtedly spark discussions among investors and market watchers alike. Why is Reliance Global Group’s ETH Purchase Significant? When a Nasdaq-listed company like Reliance Global…

Kyrgyzstan, a key emerging player in Central Asia’s crypto market, has advanced a bill to establish a state cryptocurrency reserve and support the growth of the wider digital asset industry. Kyrgyz lawmakers have passed amendments to a bill “On virtual assets” in three readings at once, officially cementing terms like “state crypto reserve” and “state mining,” the parliament announced on Wednesday. Presented by Economy and Commerce Minister Bakyt Sydykov, the bill addresses multiple aspects of Kyrgyzstan’s crypto adoption, including establishing a legal framework for the issuance and circulation of stablecoins, tokenized real-world assets (RWAs) and state-run industry operations. “A crypto…

A Toronto-area kidnapping tied to a $1 million Bitcoin demand has led to fresh court rulings, with one man sentenced and a youth awaiting judgment. Keyron Moore, 39, has been sentenced to 13 years in prison, with three years credited for time served, after being convicted in connection with the abduction, torture, and sexual assault of a woman identified as A.T. in 2022. Justice M. Townsend handed down the sentence in Newmarket on August 22, imposing concurrent terms for forcible confinement, sexual assault with a firearm, and reckless discharge of a firearm, alongside additional orders including a lifetime weapons ban…

Exciting news is buzzing in the crypto world! The MAP Protocol stablecoin product is set to launch on X Layer, promising an attractive annual percentage rate (APR) exceeding 7%. This groundbreaking development, announced by James, co-founder and a core developer of MAP Protocol (MAPO), marks a significant step for the ecosystem and DeFi enthusiasts alike. This innovative offering aims to provide a new avenue for users to generate passive income within the decentralized finance space, creating a buzz of anticipation. Unlocking Potential: The MAP Protocol Stablecoin and Its Appeal Imagine earning over 7% on your stable assets. This is precisely…

Defiance has rolled out a first-of-its-kind product with the launch of ETHI, a leveraged Ethereum exchange-traded fund that blends amplified exposure with an options-driven income stream. Summary Defiance launched ETHI on Sept. 18, the first Ethereum ETF combining leveraged ETH exposure with an options income strategy. ETHI seeks 150%–200% daily performance of ETH-linked ETPs while generating weekly distributions via credit call spreads. The ETF doesn’t hold ETH directly but provides regulated exposure to Ethereum’s growth and volatility. Defiance has unveiled the Defiance Leveraged Long + Income Ethereum ETF (ETHI), the first exchange-traded fund designed to pair leveraged exposure to ether-linked…

Clear Street initiated coverage of Bakkt (BKKT) with a buy rating and a $14 price target, implying 44% upside after a steep year-to-date decline, the broker said in a research report Tuesday. The shares have fallen over 60% this year versus an 11% gain for the S&P 500 stock index. The stock was 0.7% higher, around $9.83, in early trading Wednesday. Bakkt has shed non-core units like Loyalty and Custody to streamline into a blockchain-native payments platform, trading at just 2.9x projected 2027 EV/EBITDA, the report noted. Its business now rests on two pillars: Crypto Services for institutions and its…

China’s securities regulator has reportedly instructed some brokerages to pause their real-world asset tokenization business in Hong Kong, aligning with Beijing’s cautious stance as Hong Kong pushes forward with digital-asset initiatives. The China Securities Regulatory Commission (CSRC) has given informal guidance to at least two leading brokerages, asking them to refrain from offshore RWA activities, according to an initial report from Reuters on Monday that cited two individuals familiar with the matter. Several Chinese firms, including brokerage subsidiaries, have launched or announced tokenized products in the city, per the report. What is RWA tokenization? RWA (real-world asset) tokenization is a…

One of the top American exchanges has announced that one of the most requested services for XRP holders, earning yield, is nearing reality. The announcement comes just as the Flare network’s long-awaited FAssets protocol goes live, creating fresh opportunities for XRP in decentralized finance (DeFi). Uphold Teases XRP Yield Offering In a post on X, Uphold revealed that earning yield on XRP has been among the most frequently requested features by its users. The team said it is “making steady progress” and now sees “several promising ways to deliver it”. This hints that the exchange will share more details soon.…

Binance founder Changpeng Zhao, CZ, has responded to a tweet, making an adjustment about the size of his net worth. He also commented on his biography, which was shared in brief by a crypto enthusiast, starting from CZ’s childhood. CZ’s path from poverty to billionaire status The @Crypto_Jargon X account published a thread about Changpeng Zhao’s biography, revealing all the humps and bumps CZ was driven through and reminding the community of his current high-tier status and the fortune he has made. The thread mentions the move of CZ’s family from China to Canada, where his father made a living…