Author: NBTC

Metaverse-related non-fungible token sales rose 27% in August from the month prior, suggesting people could be “slowly sneaking back into virtual worlds,” according to an analyst from DappRadar. There was $6.5 million in metaverse trading volume across August, down slightly from July but coming from 13,927 sales, representing a 27% increase from last month, according to the report published on Thursday. “It’s the 2nd month of steady activity, hinting that users may be slowly returning to virtual worlds like Sandbox, Mocaverse, Otherside and Decentraland,” it wrote on X. The metaverse saw peak hype in 2021 and 2022, driven by speculation…

Ethereum, the second-biggest cryptocurrency after Bitcoin, is a blockchain-powered platform for creating decentralized applications (dapps). Ethereum is not just a cryptocurrency. It’s a global, decentralized network that enables smart contracts—self-executing programs on the blockchain—and decentralized applications, or dapps, that run without banks, governments, or big tech. When programmer Vitalik Buterin published a “whitepaper” in late 2013 proposing a new kind of blockchain—not just for money but for programmable code—a revolution in digital finance began. Today, the Ethereum blockchain hosts decentralized applications like smart contracts, games, digital art, and assets worth billions. Ultimately, many believe that Ethereum could underpin a re-imagining…

Jack McDonald, Ripple’s senior vice president of stablecoins, recently told Japanese cryptocurrency media outlet CoinPost that Ripple’s legal victory against the U.S. Securities and Exchange Commission (SEC) was a “watershed moment” for the company. Ripple had spent years clamouring for regulatory compliance, and the company’s business practices were validated by the outcome of the high-stakes lawsuit, McDonald says. The executive claims that the financial institutions that used to stay away from Ripple are now approaching the company with inquiries for collaborations. The entire company has now taken “a more positive stance”, McDonald added. Japanese expansion As reported by U.Today, the…

The Onino blockchain, a RWA tokenization platform, announced a strategic collaboration with Genesys Chain, a pioneering Web3 network for DeFi, RWA tokenization, and GameFi ecosystems. With this partnership, Onino aims to expand the accessibility of its tokenized institutional assets by integrating its RWA platform into Genesys Chain’s Omni-chain Web3 ecosystems. The Onino blockchain is a regulated tokenization platform that allows institutions to tokenize assets and tap into advanced financial opportunities with seamlessness. The platform enables businesses and investors to access tokenized RWAs like capital, real estate, financial tools, and many others. On the other hand, Genesys Chain is a Web3…

Ether exchange-traded funds (ETFs) have recorded four consecutive days of outflows, marking a sharp turn in sentiment after a month of heavy inflows that saw them outperform their bitcoin BTC$110,838.91 counterparts. Over the past four trading sessions, spot ether ETFs shed a combined $505.4 million, according to data compiled by Farside Investors. By contrast, bitcoin ETFs brought in $283.7 million during the same period. This reversal follows a striking August performance when ether ETFs saw more than $4 billion in inflows, compared to just $629 million for bitcoin funds. The shift appears tied to price action. Ether dropped to $4,209…

Stablecoin startup Mo has raised $40 million in Series B funding as venture capital firms continue to pile money into the sector, Fortune reported on Thursday. The funding round was led by Polychain and Ribbit Capital and included contributions from the Endeavor Catalyst fund and existing investors Pantera and Bain Capital Crypto. Mo, which has now raised almost $100 million in capital do far, declined to disclose its valuation in the funding round, according to the report. The startup is building a network for stablecoin issuers to deploy tokens without having to build their own software for transferring assets across…

Stephen Miran’s nomination to the Federal Reserve Board advanced on Wednesday after the Senate Banking Committee approved it in a 13–11 vote, split strictly along party lines. Every Republican backed Stephen, every Democrat said no. The vote came just one week before the Fed is scheduled to meet to decide on interest rates, something Donald Trump has been hammering them about for months. The decision also dropped one day after a federal judge blocked Trump from removing another Fed governor, Lisa Cook, while her case against him plays out. Trump nominated Stephen, who currently chairs the Council of Economic Advisors,…

Ronin Network, the blockchain behind the famous game Axie Infinity, is making a major change. According to Cointelegraph, Ronin is moving to Ethereum’s Layer 2 using Optimism’s OP Stack. This upgrade promises 15 times faster transactions, better security, and a connection to a bigger network called the Superchain, which includes platforms like Base and Uniswap. To top that, Ronin is offering $5 to $7 million in the form of grants to help developers build on the new network. This move shows how blockchain is growing to be faster, more safe and connected. Why Ronin Is Changing Ronin started as a…

TL;DR Exchange balances fall from 27M ETH peak to negative, showing historic withdrawals and tightened liquid supply. Ethereum trades at $4,390, down 3% weekly, but outflows suggest long-term accumulation by holders. ETFs add demand alongside exchange withdrawals, with analysts projecting ETH could target $10,000 next cycle. Exchange Balances Turn Negative Ethereum’s exchange flux balance has slipped into negative territory for the first time on record, according to analyst Cas Abbé. The data shows that outflows from exchanges now exceed inflows, marking a shift in how ETH is being held. Abbé said, “This isn’t noise, it’s billions in ETH being pulled…

Portal to Bitcoin, a Bitcoin-first protocol enabling trust-minimized cross-chain trading, has secured $50 million in new financing led by Paloma Investments, bringing the project’s total funds raised to $92 million. The funding will support the expansion of BitScaler, the firm’s adapter that scales native Bitcoin without wrapped tokens, custodial bridges, or “message passing or other insecure alternatives,” according to an emailed announcement shared with CoinDesk on Thursday. The company aims to make Bitcoin the settlement layer for millions of markets, including tokenized stocks, bonds, stablecoins, and other real-world assets. “We want users to trade any asset, traditional or decentralized, and…