Author: NBTC

The market is alarmed after an Ethereum wallet connected to the Ethereum Foundation unexpectedly came back to life after almost 10 years of inactivity. The recent transfer of 4,000 ETH (worth $17.13 million) to a new address by wallet 0x0F08 has sparked conjecture that additional movement of its holdings may have an effect on Ethereum’s price. The history of Ethereum is closely linked to this wallet. In 2015, when the total value of the tokens was only $91,000, or about $0.93 per ETH at the time, the Ethereum Foundation sent 97,500 ETH directly to the address. The wallet then sent…

Sberbank has come up with another investment option for Russians who want to bet their money on major cryptocurrencies like Bitcoin and Ethereum without actually owning them. The banking giant will pitch its new product to Russia’s young market for digital assets and derivatives that has been growing with the nod of the country’s generally crypto-sceptic central bank. Sberbank to issue perpetual DFA on BTC and ETH Russia’s largest bank is launching a perpetual digital financial asset (DFA) based on a basket of the leading cryptocurrencies by market capitalization, Bitcoin (BTC) and Ethereum (ETH). Anatoly Popov, deputy chairman of the…

Fresh off a partnership with the U.S. Department of Commerce, Chainlink co-founder Sergey Nazarov said the decentralized oracle network is collaborating with other Trump administration agencies to bring even more federal government functions on-chain.  The entrepreneur said a timeline for rolling out these partnerships has not yet solidified—but that he is hopeful “things can move quickly.” “All of these agencies and departments have their own processes, which is unpredictable for approvals,” Nazarov said in a video interview with Decrypt this week. “I can tell you we’re definitely moving ahead into a set of next steps, at least on the data…

As Hyperliquid seeks to develop an in-house stablecoin, some of the largest protocols in decentralized finance (DeFi) are courting governance voters in an effort to secure the USDH ticker and manage the ecosystem’s stablecoin. However, Haseeb Qureshi, managing partner at crypto investment firm Dragonfly, claims a ‘backroom deal’ has already been concluded. “Hearing from multiple bidders that none of the validators are interested in considering anyone besides Native Markets. It’s not even a serious discussion, as though there was a backroom deal already done. Native Markets’ proposal came out almost immediately after the USDH RFP was announced, implying they had…

Ethereum revenue, the share of network fees that accrue to Ether (ETH) holders as a result of token burns, dropped by about 44% in August, even amid all-time high ETH prices. Revenue for August totaled over $14.1 million, down from July’s $25.6 million, according to Token Terminal. The drop occurred amid ETH rallying by 240% since April and ETH hitting an all-time high of $4,957 on August 24. Network fees also dropped by about 20% month-over-month, falling from about $49.6 million in July to about $39.7 million in August. Ethereum monthly revenue figures. Source: Token Terminal Monthly Ethereum network fees…

Venture investors have poured nearly $100 million into stablecoin startups, backing new infrastructure for programmable money. M0, a Switzerland-based platform that lets developers issue custom stablecoins, announced a $40 million Series B raise on Thursday led by Polychain Capital and Ribbit Capital. Founded in 2023, the company has partnered with projects including MetaMask and Playtron to integrate its infrastructure into consumer-facing apps. Another stablecoin infrastructure raise came from Rain, a US startup developing tools for banks to issue regulated stablecoins. The company secured $58 million in a Series B funds led by Sapphire Ventures, with backing from Dragonfly, Galaxy Ventures…

Alchemy Pay, a prominent platform for fiat-to-crypto ramps, has broadened its accessibility with support from South African Rand (ZAR). With this initiative, Alchemy Pay permits consumers to utilize ZAR via regional bank transactions. As the platform revealed in its exclusive press release, the integration permits the users to seamlessly buy crypto assets by using their local currency through trusted banking entities. Hence, this move intends to streamline the onboarding procedure for the users in South Africa. 🇿🇦#AlchemyPay expands On-Ramp support to South Africa (ZAR)🚀By integrating support for ZAR through local bank rails, Alchemy Pay enables South African users to onboard…

REI Network, an open, Ethereum-compatible blockchain, has collaborated with WELF Finance, a digital private banking platform. The main purpose of the partnership is to offer RWA-backed liquidity and yield solutions for high-net-worth users to advance Web3 private banking. As REI Network’s official social media announcement discloses, the collaboration is set to integrate conventional finance and the next-gen Web3 infrastructure. Hence, the joint effort endeavors to establish a unique standard for unparalleled wealth management across the globe. 🏦 Meet WELF Finance! Our newest partner redefining digital private banking for high-net-worth clients with RWA-backed yield, liquidity, and tailored portfolios.@WelfFinance integrates traditional &…

BlackRock’s Ethereum ETF, ETHA, faced heavy selling pressure this week, coinciding with a period of heightened volatility in the asset. Data indicates that the ETF recorded net outflows of $312.5 million. The only positive session came on September 4, when $148.8 million flowed into the fund. This gain was immediately offset by three consecutive redemption days, including $151.4 million on September 3, $309.9 million on September 5, and smaller drawdowns on other days, resulting in a deeply negative week. The outflows come as U.S. spot Ethereum ETFs, which saw strong inflows in August, are now under broad pressure. By contrast,…

Welcome to the Asia Pacific Morning Brief—your essential digest of overnight crypto developments shaping regional markets and global sentiment. Grab a green tea and watch this space. Chinese fintech Linklogis joins XRPL’s expanding ecosystem while Philippine lawmakers advance blockchain transparency initiatives. As a whole, government adoption accelerates across APAC with strategic Bitcoin reserves and on-chain budget systems. Chinese Fintech Linklogis Joins XRPL’s Growing RWA Ecosystem Linklogis deploys trade finance applications on the XRP Ledger mainnet. The partnership targets faster cross-border settlements for global commerce. Integration aims to effectively tokenize supply chain real-world assets. XRPL’s tokenized RWA volume surged 22.81%, reaching…