Author: NBTC

A significant transaction has captured the cryptocurrency community’s attention. An address linked to Singapore’s DBS Bank executed a substantial DBS Bank ETH withdrawal, moving 2,000 Ethereum tokens worth approximately $6.27 million. This move, reported by The Data Nerd, highlights the ongoing activity of major financial institutions within the digital asset space. What Does This DBS Bank ETH Withdrawal Mean? The transaction involved withdrawing funds from Galaxy Digital, a prominent crypto financial services firm. This DBS Bank ETH withdrawal occurred approximately seven hours before reports surfaced, demonstrating how quickly large-scale movements can happen in crypto markets. While the bank hasn’t officially…

Obex, a new crypto incubator, has raised $37 million to support building the next generation of yield-generating stablecoins led by Framework Ventures, LayerZero and the Sky ecosystem, the team has told CoinDesk in an interview. The initiative set out to invest and provide capital to projects that bring real-world asset-backed strategies onchain, bringing institutional-grade risk controls and underwriting practices to the fast-moving sector. Obex will be the latest capital allocator of Sky, the entity formerly known as MakerDAO behind the DAI and USDS stablecoins with a combined $9 billion market cap, providing funding for projects to scale from the protocol’s…

Key Takeaways The CFTC has withdrawn outdated guidance on the actual delivery of virtual currencies. This decision aligns with broader digital asset reforms and aims to foster innovation while ensuring market safety. The Commodity Futures Trading Commission has withdrawn outdated guidance on the “actual delivery” of virtual currencies, citing major developments in crypto markets since the rules were introduced. “Actual delivery” refers to when a buyer obtains full control of a digital asset, such as custody in a personal wallet, without interference or control by a third party. The original framework, issued in 2020, imposed strict delivery standards within 28…

Binance has significantly expanded its operations in the region by receiving full regulatory approval under Abu Dhabi Global Markets (ADGM), which operates as Abu Dhabi’s financial free zone. Binance Receives Full License Approval in Abu Dhabi: Exchange, Clearing, and Brokerage Activities Officially Authorized The Abu Dhabi Financial Services Regulatory Authority (FSRA) has granted licenses to three Binance-affiliated entities for exchange operation, clearing services, and brokerage activities. This new structure is seen as a model that mirrors the functioning of traditional financial markets, adapted to the crypto asset ecosystem. Binance’s ADGM structure has been organized into three separate companies under the…

Get ready for a holiday spectacle that blends digital art with physical grandeur. The Pudgy Penguins NFT collection has just announced a monumental move: it will commandeer the exterior of the iconic Las Vegas Sphere from Christmas Eve through the first week of January. This isn’t just another marketing stunt; it’s a vivid declaration of Web3’s arrival on the world’s most famous stages. What Does the Pudgy Penguins Las Vegas Sphere Takeover Mean? Imagine driving down the Las Vegas Strip and seeing the massive, 580,000-square-foot LED canvas of the Sphere come alive with the charming, round-bellied avatars of the Pudgy…

Ethereum price could be poised for significant upside as it forms a bullish reversal setup, as inflows into spot Ethereum ETFs return after a week of downturn. Summary Ethereum price is down 8% from its weekly high. Exchange balances have hit an all-time low amid accumulation by DATs. A multi-year inverse head and shoulders is forming on the weekly chart. According to data from crypto.news, Ethereum (ETH) was trading at $3,113 at last check on Dec. 15 morning Asian time, down 8% since last Thursday and 37.1% from its all-time high reached in August this year. The downtrend was led…

Société Générale’s crypto arm, SG-FORGE, completed its first blockchain-based digital bond issuance in the U.S., expanding its footprint in onchain capital markets. The short-term bond, tied to the secured overnight financing rate (SOFR), was purchased by trading firm DRW. The bond runs on the Canton Network, a privacy-enabled blockchain infrastructure developed by Digital Asset. Canton allows instant settlement while preserving the legal structure of traditional finance. Broadridge Financial Solutions provided the tokenization technology, marking the first time its new platform has been used for live securities issuance. While Société Générale said it has been active in digital bonds in Europe…

Stream Finance, the decentralized finance yield optimization platform that collapsed last month, is suing its current owner and operator, Caleb McMeans, known online as 0xlaw, according to court filings. Stream Trading Corp., which first launched Stream Finance in 2024, has filed a lawsuit against McMeans, who the firm identified as the person behind the username 0xlaw, and says bought the platform in early 2025 but mismanaged it, leading to its collapse. The lawsuit, filed on Dec. 8 in the U.S. District Court for the Northern District of California, accuses McMeans of running Stream Finance “as his own business” and mismanaging…

Philippines digital bank GoTyme, which has 6.5 million customers, has rolled out crypto services in the Philippines following a partnership with US fintech firm Alpaca. A total of 11 crypto assets can now be bought and stored in GoTyme’s banking app via an auto conversion from the Philippine peso to USD, including Bitcoin (BTC), Ether (ETH), Solana (SOL), Polkadot (DOT) and a host of other altcoins. It is unclear if the firm will offer more sophisticated trading services in the future; however, the focus appears to be on simplicity and ease of access. “Our product focuses on simplicity and reliability,…

The heartbeat of the Bitcoin network just skipped a beat. In a startling 24-hour period, the Bitcoin hashrate—a critical measure of the network’s computational power and security—plummeted by approximately 8%. This significant drop, equivalent to 100 exahashes per second (EH/s), has sent ripples through the crypto community, raising immediate questions about network stability and the causes behind this sudden shift. What Caused the Sudden Bitcoin Hashrate Drop? According to a report by Wu Blockchain citing an official from Nasdaq-listed Nano Labs, the primary culprit is a large-scale shutdown of mining operations in China’s Xinjiang region. This event led to an…