Author: NBTC

Gryphon Digital Mining is set to merge with Trump-linked American Bitcoin in September, with its shares already up 231% since the May announcement. Gryphon’s shares jumped 42.1% on Thursday to $1.75 from $1.35, according to Google Finance. The rally came as American Bitcoin’s largest investor, Hut 8 CEO Asher Genoot, told Reuters the merger between American Bitcoin and Gryphon is expected to be finalized soon, with trading set to begin in early September. According to the Reuters report, the merger will be all-stock. The new entity will retain the name American Bitcoin, and its two founders — Eric Trump and…

Ethena (ENA) announced a new $530 million ‘StablecoinX’ deal. The foundation also launched a $310 million market buyback program. StablecoinX announced that it has secured an additional $530 million in PIPE funding, bringing the company’s total funding raised to date to approximately $895 million. According to Ethena Labs, if StablecoinX continues to purchase locked ENA from the Ethena Foundation or its affiliates, the proceeds will be used for spot ENA repurchases. Ethena’s buyback plan calls for $5 million in daily purchases if the ENA price remains above $0.70, and $10 million in daily purchases if it falls below $0.70 or…

Jack Dorsey’s peer-to-peer decentralised messaging service Bitchat saw a significant spike in downloads from users in Nepal during this week’s social media crackdown. That’s according to Cashu founder and X user @callebtc, who noted that the uptick in downloads was even larger than a previous spike from Indonesia that saw 12,000 daily downloads during another series of protests. The open-source dev, who is currently working on Bitchat, touted the messaging service’s ease of access, claiming it “works everywhere” with no phone number, email, account registration, or even internet. Read more: Jack Dorsey and Block abandon Web5 to mine bitcoin It…

Salus will tokenize critical mineral exports from Rwanda to the United States on the IOTA network Summary Salus is launching on the IOTA network to fund critical mineral exports The platform will start with rare earth metal tantalum exports from Rwanda to the U.S. Global critical mineral trade has a $2.5 trillion finance gap, Salus says From microchips to EV batteries, rare earth minerals are becoming an increasingly strategic resource. On Wednesday, September 10, DeFi platform Salus launched on the IOTA chain to help bridge the DeFi sector and the critical mineral trade. The platform will start by tokenizing exports…

AJC, a researcher at data analytics firm Messari, argues that the Ethereum network is actually dying despite the recent price rally. The researcher’s conclusion is based on the fact that Ethereum revenue is seemingly collapsing. In August, the network generated a total of $39.2 million worth of revenue, which is down 75% from August 2023 and down 30% from August 2024. In fact, this is the lowest revenue that the network has recorded since January 2021. Misleading metrics? After some ETH supporters accused Messari of being biased against the flagship altcoin, AJC noted that some members of the team actually…

BitMine’s stock price has been falling today, even though the Ethereum price has regained the $4,500 mark. This is particularly surprising because Bitmine is an Ethereum treasury firm. Analysts claim that a recent unlock of PIPE shares is responsible. These shares help Bitmine efficiently raise capital for token purchases, but they do have occasional drawbacks like this. Still, the company has been in this situation before, and its valuation rose quickly afterward. BitMine and Ethereum Explained Although BitMine is the world’s largest Ethereum DAT, its stock valuation has moved in a different direction from ETH lately. Ethereum’s price has been…

Chainlink, a platform that provides real-world data to blockchains, and the Aptos Foundation, that supports development and growth of the Aptos blockchain, announced that the Chainlink Cross-Chain Interoperability Protocol (CCIP) is now live on the Aptos mainnet. This is the first time CCIP has been integrated with a Move-based blockchain, expanding interoperability across more than 60 EVM and non-EVM networks. Aave’s GHO stablecoin, along with Bedrock’s uniBTC and brBTC, can now be used on Aptos. These assets can be transferred via the CCIP-powered Interport application. The integration enables DeFi protocols and token issuers to extend their services into the Aptos…

Institutional investors will now have direct access to decentralized finance through Finery Markets. The multi-asset platform has integrated Yield.xyz, a DeFi yield aggregator, giving clients a simplified way to earn returns on stablecoins and other digital assets. Expanding Institutional Access The integration provides access to more than 1,000 yield strategies across 75 blockchains. Through Finery Markets’ interface, institutions can allocate idle balances into DeFi protocols and stablecoin staking as part of their treasury operations. According to the company, Finery Markets has embedded Yield.xyz’s gateway into its trading environment. Institutions can now connect with Aave, Morpho, and Compound Finance on Ethereum,…

Vitalik Buterin highlights leanVM, a zkVM proposal aiming to cut commitment costs with four-instruction ISA and multilinear STARKs. LeanVM focuses on XMSS aggregation and recursion, with current 2.7s recursion targeted for a tenfold performance improvement. Ethereum co-founder Vitalik Buterin has once again delivered a major update that has caught the attention of many in the crypto community. Buterin emphasized that throughout this year, the development team has successfully pushed Ethereum further in three key areas: scalability, decentralization, and network durability. He stated that several short-term goals are even close to being achieved, something that has been long awaited. The lean…

Ikuyo, a Japanese automotive parts manufacturer, decided to underwrite a 300 million yen, $2 million, third-party allocation of new shares to US-based Galactic Holdings, Inc. This investment signals the automotive industry’s blockchain payment transformation across global supply chains. Stock Rallies to Unprecedented Highs Following a strategic digital currency investment disclosure, Ikuyo shares reached unprecedented highs this week. The 300 million yen commitment to Texas-based blockchain payment provider Galactic Holdings represents calculated expansion. Moreover, investor enthusiasm reflects growing crypto appetite in established industries. Overall, traditional automotive supply chain financing faces pressure from inefficient cross-border systems. Digital currencies, however, reduce settlement times…