Author: NBTC
Succinct has demonstrated real-time zero-knowledge proving for Ethereum blocks, generating cryptographic proofs in under 12 seconds. Succinct’s SP1 “Hypercube” zkVM produced a proof for Ethereum block 22309250 (143 transactions, 32 million gas) in 10.8 seconds, and internal benchmarks showed it could prove 93 % of 10,000 recent main-net blocks in under 12 seconds, with an average latency of 10.3 seconds. The achievement marks a technical leap for the zero-knowledge space, with Succinct deploying an entirely new proof system based on multilinear polynomials, optimized CUDA kernels for operations such as LogUp GKR and sum-check, and a low-latency cloud architecture spanning hundreds…
Tether, the issuer of the world’s largest stablecoin USDT, has disclosed that it has reinvested around $5 billion of its profits into US-based companies and infrastructure over the past two years. In a May 26 post on X, Tether CEO Paolo Ardoino disclosed that the company has made significant investments across American businesses and emerging technologies, reflecting what many described as a “pro-America” strategy. According to Ardoino, the investments cover a range of sectors, including decentralized media, neuroscience, and Bitcoin mining. Notable recipients include Rumble, a video-sharing platform; Blackrock Neurotech, a brain-computer interface (BCI) startup; and several Bitcoin mining firms…
According to cryptocurrency onchain data, major crypto whales and organizations have made notable transactions in recent hours. According to the data, a crypto whale deposited 3,000 Ethereum (ETH) worth $7.53 million on Binance. The whale moved 10,000 ETH worth $24.55 million to the exchange in the last two weeks. The whale wallet had accumulated 13,478 ETH worth $49 million between December 6, 2024 and January 14, 2025, and currently holds 3,478 ETH worth $8.78 million. According to the data, the whale is facing a total loss of $15.66 million. Digital asset finance company Abraxas Capital, on the other hand, had…
Attention Upbit users and SEI holders! A crucial announcement from one of South Korea’s largest cryptocurrency exchanges requires your immediate attention if you deal with the SEI coin. What’s Happening with Upbit SEI Suspension? Upbit, a prominent Upbit crypto exchange in the global market, has officially informed its users about a temporary halt in services related to the Sei network. Specifically, the exchange will be suspending both deposits and withdrawals of SEI coin. This measure is scheduled to take effect on June 20 at 09:00 Coordinated Universal Time (UTC). It’s important to mark this time and date if you plan…
Pyth Network has launched real-time price feeds for over 100 major exchange-traded funds, including products from Blackrock, State Street, and Vanguard, with onchain access to data representing more than $8 trillion in assets. New Pyth Integration Brings Live ETF Prices to DeFi Builders Pyth Network has introduced real-time exchange-traded fund (ETF) price feeds, enabling blockchain developers and financial platforms to access live pricing for some of the world’s most heavily traded funds. According to the announcement shared with Bitcoin.com News, the integration covers more than 100 ETFs managed by major financial firms, including Blackrock, State Street and Vanguard. The team…
This is a segment from the Supply Shock newsletter. To read full editions, subscribe. It’s nice to imagine a world where the price of bitcoin didn’t matter. Sadly, it can never be so. Perhaps in a vacuum, maybe, in an alternate dimension where human brains are hardwired — like an ASIC miner — to only ever transact in bitcoin and nothing else. Not with shells, gold or livestock. Only bitcoin and barter, forever. Hyperbitcoinization or bust. In boring reality, bitcoin needs reference points. The ones we currently have may well be trending to zero, but Bitcoin could never fulfill its…
Ethereum (ETH), the second-largest cryptocurrency by market capitalization, extended its climb in the early Tuesday session. Ethereum began to recover on May 24 after falling sharply to a low of $2,500 on May 23. At press time, ETH had increased by 2.89% in the last 24 hours to $2636, outperforming the top 10 cryptocurrencies in daily gains. The latest gain has brought Ethereum to a familiar technical hurdle that has slowed its recent rise: the 200-day Simple Moving Average (SMA), currently at $2,699. This long-term trend indicator has been a major barrier recently, with ETH failing to break through it…
Today, Gemini, a crypto platform, released its 2025 Global State of Crypto Report, revealing a notable increase in cryptocurrency adoption in different countries. According to a press release sent to Bitcoin Magazine, ownership among respondents in the US, UK, France, and Singapore rose from one in five (21%) in 2024 to one in four (24%) in 2025. The Trump Administration’s treatment of Bitcoin may have played a major role in its global growth. Since taking office in January 2025, President Trump has launched a Strategic Bitcoin Reserve, where he installed leadership at the SEC that are in favor of digital…
Circle’s Cross-Chain Transfer Protocol (CCTP) facilitated $7.7 billion in stablecoin bridging volume in May, an all-time high and an 83.3% increase from April. The firm launched its IPO last week, rejecting outright buyout efforts to remain an active player in the stablecoin market. This impressive growth can help demonstrate Circle’s progress and solid foundations. Circle’s CCTP Breaks Volume Records Circle, one of the largest stablecoin issuers, first launched CCTP in 2023 to seamlessly bridge USDC across blockchains. Since then, it’s integrated the protocol with a number of prominent chains, increasing USDC’s interoperability. Today, blockchain data analysis shows that CCTP hit…
Exciting news for cryptocurrency traders and enthusiasts! South Korean crypto exchange giant, Upbit, has just made a significant announcement that could streamline how users handle stablecoins. Starting June 20 at 02:00 UTC, Upbit will officially support deposits and withdrawals of USD Coin (USDC) utilizing the high-speed, low-cost Solana network. What Does Upbit’s Solana Integration Mean for You? This move by Upbit is more than just adding another network option; it’s about enhancing efficiency and potentially reducing costs for users dealing with USDC. Previously, USDC transfers on many exchanges primarily relied on networks like Ethereum, which can sometimes be slow and…