Author: NBTC

Ethereum whale transferred 30,000 ETH worth $138M into Bitfinex within just two days. Whale deposits raise concerns of possible selling pressure, signaling upcoming price swings in Ethereum markets. Alongside exchange deposits, whale moved $109M ETH into two new secure storage wallets. A massive Ethereum whale is back in the spotlight after moving a huge chunk of ETH. On-chain data from SpotOnChain shows the wallet sent 15,000 ETH, worth about $70 million, to Bitfinex just three hours ago. This isn’t the whale’s first big transfer this week, and it’s fueling speculation about possible price swings or a shift in Ethereum trading…

MGX, a fund backed by Dubai’s ruling family, will take a 15% stake in TikTok’s U.S. business as part of a restructuring meant to increase American control of the popular video app, the Washington Post reported Friday. The investment, led by Sheikh Tahnoon bin Zayed Al Nahyan, brings MGX into a partnership with Oracle, the database giant co-founded by Larry Ellison. Together, the two will hold roughly 45% of TikTok’s U.S. entity. With other U.S. investors involved, American companies are expected to own more than 65% of the business. TikTok’s Chinese parent, ByteDance, will remain a significant shareholder, keeping a…

There has been a notable increase in trading volumes on South Korea’s largest cryptocurrency exchanges, Upbit and Bithumb, in the last 24 hours. XRP, Ethereum, and Bitcoin, in particular, saw millions of dollars in increased trading volume, attracting intense interest from South Korean investors. Market analysts note that South Korean investors have been trying to take advantage of high volatility in XRP and Ethereum, especially in parallel with global price movements in recent days. According to data from two exchanges, the cryptocurrencies with the highest transaction volume in the last 24 hours are listed as follows: XRP: $811 million Ethereum…

Spur Protocol, a decentralized network that aims to make crypto applications accessible and rewarding to everyone, announced a strategic collaboration with KaratDAO, a distributed data identity platform. By integrating KaratDAO’s confidential identity management technology into its DeFi ecosystem, this partnership is set to play an essential role in redefining Spur’s offerings and widening its reach. Spur Protocol is a blockchain platform designed to make financial services more accessible in the DeFi landscape. It focuses on empowering people by offering cutting-edge DeFi solutions in a safe on-chain ecosystem. On the other hand, KaratDAO is an advanced blockchain network that specializes in…

Crypto-focused asset manager Grayscale staked $150 million worth of Ether after introducing staking for its exchange-traded products (ETPS) on Monday. The asset management company staked 32,000 Ether (ETH) worth $150 million, according to blockchain data platform Lookonchain. The transfer occurred a day after Grayscale introduced staking for its Ether ETPs, making it the first US-based crypto fund issuer to offer staking-based passive income for its funds. The move enables Grayscale’s ETP and its shareholders to start earning passive income via staking rewards on the $150 million. These staking rewards will be treated as “assets of the fund,” according to Grayscale’s…

A new report analyzes five stablecoin payment networks, determining their ability to overcome new challenges. Generally, Tether- and Circle-focused projects self-select for different clusters of common traits. Foresight Ventures also shared some exclusive commentary on this subject with BeInCrypto. For more concrete data on each project, consult the firm’s report. A New Stablecoin Report The stablecoin market is growing to new heights, with many industry leaders predicting far greater accomplishments in the near future. In this context, Foresight Ventures released a report on stablecoins’ potential, claiming that they could become “the backbone of a global payments rail.” According to this…

Crypto exchange Binance issued an update to users after several tokens on the platform apparently crashed to $0 in the wake of Friday’s market meltdown, saying that the tokens did not actually crash, but showed a $0 price to users due to a “display issue.” Several altcoins appeared to crash to $0 on Binance during Friday’s market turmoil, including IoTeX (IOTX), Cosmos (ATOM), and Enjin (ENJ), despite the tokens staying well above $0 on other centralized crypto exchanges. The tokens did not actually lose 100% of their value on the platform, according to an announcement from Binance on Sunday. Binance…

Building a Web3 Identity Solution TL;DR:The European Blockchain Sandbox has concluded its second cohort, featuring IOTA Foundation’s Tokenized Know Your Customer Solution with IDnow, walt.id, and Bloom Wallet. The Sandbox provided key lessons on compliant and privacy-preserving identity verification in Web3, including the use of off-chain verification, soulbound tokens, and GDPR-aligned wallet and node practices. We’ve completed our participation in the European Blockchain Sandbox, a three-year initiative by the European Commission that gives innovative distributed ledger projects the chance to test their solutions with regulators across Europe. Each year, 20 projects are selected to join, and the IOTA Foundation was…

Ripple CTO David Schwartz, known as much for his massive XRPL contributions as for his viral internet moments regarding XRP and crypto, recently provided another such moment. Many probably did not understood his latest post featuring solar panels, but this one has deep lore directly tied to crypto. “Post a pic only your fandom would understand” was the challenge Schwartz attached a confusing photo to, and for those not familiar, this connects to what he spent 40,000 ETH on. Those Ethereum coins were bought at the ICO of the biggest altcoin back in 2015 for $0.311 each. Later, when the…

Stock markets remain near record highs and economic numbers keep beating expectations, but a closer look reveals traders are starting to step away from the riskiest bets that drove much of this year’s gains. Day traders who fueled rallies in everything from tech stocks to cryptocurrency are now pulling money out of the most speculative investments. This shift comes even as the Federal Reserve continues supporting markets and major indexes hover close to recent peaks.The clearest sign of this change shows up in leveraged exchange-traded funds, which use borrowed money to amplify daily stock moves by two or three times.…