Author: NBTC

The networks where users made the most transactions in the cryptocurrency market in the last week have been revealed. According to on-chain active user data, BNB Chain ranked first with 17.5 million users, followed by NEAR Protocol and Solana. While user numbers across most chains declined, opBNB and PancakeSwap saw notable increases. In particular, opBNB’s 26% increase in weekly active users demonstrated growing interest in layer two (L2) solutions. Here are the 15 most active networks and platforms in the last 7 days: BNB Chain (BNB) – 17.5 million users (+11.6%) NEAR Protocol (NEAR) – 15.9 million users (-1.5%) Solana…

Goodbye “red September,” hello “Uptober.” As the bullish vibes return to the crypto market, traders appear to be setting their sights on risk assets beyond just Bitcoin, with Ethereum and Solana—two of the largest altcoins by market capitalization—each rising 5% today. So where are traders most likely to place their bets next? The month that traditionally punishes crypto investors ended up delivering a 3.5% gain for the total market cap, defying the doomsayers who predicted blood in the streets based on historical data. Now October has arrived—what traders call “Uptober” for its historically bullish performance—and the hunt for new positions…

Lava, a bitcoin-focused financial services startup, announced on Wednesday that it has raised $17.5 million in new funding while also launching a lending product offering yields on US dollars. In a post on X, the company said its platform allows users to fund overcollateralized loans secured entirely by bitcoin (BTC), with lenders earning up to 7.5% on their deposits. The funding follows Lava’s earlier $10 million Series A round led by Founders Fund and Khosla Ventures. New backers in this extension include Peter Jurdjevic, Bijan Tehrani of Stake, Charlie Spears, Jacob Brown, Lee Linden, and Zach White. The firm said…

The commission in charge of investigating the Libra incident failed to get hold of the testimonies of several government officials. Karina Milei, the sister of President Milei and General Secretary of the Presidency, has been summoned to testify before the commission but has failed to appear twice. Libra Probe Faces Headwinds: Argentine Officials Fail to Testify The case of Libra, the alleged meme coin linked to President Javier Milei’s promotion, is still ongoing in Argentina. A congressional commission investigating the links between some government officials and the token launch is currently stalled due to the failed attempts to obtain the…

Key Takeaways Robinhood has listed four digital tokens from Strategy, expanding access to Bitcoin-backed financial products for retail investors. The listed tokens are STRC, STRD, STRF, and STRK, each offering different features such as stable yield, flexible or cumulative dividends, and optional equity conversion. Robinhood, a retail-focused brokerage platform, has listed four digital tokens from Strategy, a Bitcoin treasury firm building structured yield products around its holdings. The new listings include STRC, a Bitcoin-backed perpetual preferred instrument that delivers stable yields with monthly payouts, and STRD, a non-cumulative preferred equity with flexible dividend declarations linked to cash flow. Robinhood also…

Speaking at the Electronic Cash Conference in Barcelona, eCash founder Amaury Séchet announced the launch timeline for “Pre-Consensus,” a feature slated for the Nov. 15 network upgrade. Avalanche-Style Pre-Consensus Arrives on eCash Nov. 15 Pre-Consensus will activate on mainnet as part of the upcoming eCash (XEC) upgrade, formalizing a capability long discussed within the project’s roadmap. The announcement came during the Electronic Cash Conference in Barcelona, where Amaury Séchet outlined objectives and activation mechanics. Pre-Consensus integrates Avalanche-style consensus within eCash to add fast transaction finality ahead of block production. Project materials describe it as the first instance of instant finality…

The Ethereum derivatives market has seen a notable surge in whale activity as prices post massive increases. On Wednesday, October 1, an unknown wallet transferred a massive 198,289 ETH ($852.4 million_ to crypto futures and options exchange Deribit, according to data from on-chain tracking platform Whale Alert. The large Ethereum transfer, which occurred in a single transaction, has raised eyebrows as it came at a time when the crypto market experienced a broad resurgence in the prices of leading cryptocurrencies, including Ethereum. The surge in activity spans across the Ethereum derivatives market, with whales making big moves. Although the nature…

Now’s as good a time as any to talk crypto ETFs as more US launches are imminent (even with the latest government shutdown). The anticipated boom of both single-asset and index offerings is set to expand the investor base entering the crypto asset class, industry watchers say. How do we know we’re set to see more crypto ETFs flood the US market? For one, the SEC finalized its generic listing standards. Those, as you might recall, are set to streamline approvals as long as an ETF proposal meets various spelled-out requirements. There are roughly a dozen crypto assets the agency…

The UK’s Financial Conduct Authority (FCA) is set to soon reverse a ban on crypto exchange-traded notes (ETNs) for retail investors enacted in 2019. According to an Aug. 1 notice, the UK watchdog will lift a ban on retail access to crypto ETNs starting on Wednesday, provided they are traded on an “FCA-approved, UK-based investment exchange.” Unlike exchange-traded funds (ETFs), which are still banned in the UK for retail investors, ETNs represented debt securities tied to crypto and not backed by any underlying assets. With the lifting of the ban looming, companies with operations in the UK have been weighing…

Sam “SBF” Bankman-Fried, the founder and former CEO of the bankrupt cryptocurrency exchange FTX, said his “biggest mistake” during the $8 billion collapse was handing control of the company to new management — a decision he claims cost him a last-minute opportunity to save the firm. Bankman-Fried, once the leader of the $32 billion FTX exchange, is currently serving a 25-year prison sentence for seven felony charges related to the collapse of FTX and Alameda Research in November 2022, which resulted in an $8.9 billion loss of investor funds. Looking back at the collapse of FTX, Bankman-Fried’s “biggest mistake” was…