Author: NBTC

Backpack CEO Armani Ferrante denies BP OTC cash‑outs and downplays FDV focus as anger over “witch hunt” Sybil bans forces appeals, buybacks and a fairness rethink. Backpack founder and CEO Armani Ferrante has moved to calm a backlash around the exchange’s BP token launch, publicly denying that the team conducted over-the-counter sales to exit its position and conceding that its aggressive anti-Sybil process has unfairly hit parts of the community. In a detailed post on X, Ferrante wrote: “OTC. I can’t believe I have to say this, no, we aren’t OTCing our own tokens to cash out,” adding that “FUD…

An early participant in the Ethereum ICO sold over $23 million worth of $ETH in one hour. The transaction occurred during a market downturn. On-chain data shows the investor shifted funds into stablecoins and lending protocols rather than exiting completely. Whale Realizes Gains After Years of Holding Blockchain data shows that a long-term Ethereum holder sold 11,552 $ETH at an average price of about $2,027. The wallet, identified as one of Ethereum’s earliest participants, originally acquired 38,800 $ETH during the network’s initial coin offering for about $12,000. This means the investor turned a relatively small early bet into tens of…

Dubai Land Department (DLD), the government’s department for real estate in the UAE, has moved forward with its tokenization initiative by launching the secondary market starting February 20, 2026. The launch will allow the resale of approximately 7.8 million real estate tokens within a controlled pilot framework aimed at assessing market efficiency, testing operational readiness, enhancing transparency and governance, and safeguarding investors’ rights while ensuring transaction integrity. This is considered to be phase II of the Real Estate Tokenization Project, within a regulated model. DLD Phase I included the launch of tokenized deeds and sales with Prypco Mint It follows…

A mysterious new cryptocurrency address has executed a staggering $114 million Ethereum withdrawal from Galaxy Digital, triggering intense speculation about institutional crypto movements and potential market implications. Blockchain analytics platform Onchain Lens reported this massive transaction involving 55,175 $ETH, marking one of the most significant single-address withdrawals from the prominent digital asset firm this quarter. This development immediately captured attention across financial and cryptocurrency sectors, raising questions about institutional positioning in the evolving digital asset landscape. Galaxy Digital $ETH Withdrawal Details and Transaction Analysis Onchain monitoring services detected the substantial Ethereum movement approximately seven hours before initial reporting. The transaction…

U.S. spot Ethereum exchange-traded funds recorded seven straight days of outflows with over $390 million leaving the funds. According to data from SoSoValue, the 10 spot $ETH ETFs saw $92.54 million in net outflows on Thursday, March 26, primarily led by BlackRock’s ETHA with $140.24 million in outflows. The investment manager’s staked Ethereum ETF (ETHB) managed to offset a large portion of the outflows as it drew in $96.81 million on the day. U.S. spot Ethereum ETFs hit a 7-day inflow streak | Source: SoSoValue Following the outflows yesterday, these investment products have now seen redemptions for the seventh consecutive…

As of December 2025, American companies Visa and Mastercard are processing nearly two-thirds of card payments in the Eurozone, and Europe is finally sick of it. If things ever get ugly(ier) between the U.S. and Europe, the people here could find themselves locked out of their own money. Martina Weimert, who runs the European Payments Initiative (EPI), called the situation urgent. “We are highly dependent on international solutions,” she said. Her group includes 16 banks and financial companies, like BNP Paribas and Deutsche Bank, and they’re trying to build something new. “Yes, we have nice national assets like domestic card…

The lawsuit tied to the alleged $440 million TradeAI/Stakx scheme will stay and move ahead. Crypto-focused firm Burwick Law announced that a US court has denied a motion to dismiss the case. This ruling came from Lewis Kaplan in the Southern District of New York. In the fresh proceedings, the court rejected all key arguments raised by the defense. This included jurisdiction, venue, and service-related objections. The crucial case was filed back in 2024. However, the fight is still on. It accuses several individuals of running an alleged Ponzi-style operation around NFTs. The complaint also mentioned crypto investment pools. Judge…

Aster Code is presenting itself as modular Web3 infrastructure for perpetual DEX builders, built around a two-layer architecture that separates execution from integration. Its first partner batch spans wallets, trading terminals, AI-native platforms and social trading products, with Aster positioned as the execution layer underneath them. Future plans include an ecosystem fund, tighter partner collaboration and continued product refinement, showing Aster wants to pair infrastructure with incubation and growth support. Aster Code is stepping into the perpetual DEX infrastructure race with a framework designed to make onchain derivatives easier to build. The pitch is not just faster coding, but a…

Ethereum is approaching a critical inflection point as price action weakens near key support levels, while on-chain data reveals shifting investor behavior. Recent trading shows a clear rejection from the $2,350–$2,400 range, pushing $ETH into a corrective phase around $2,040. Market Structure Signals Weakness Price structure now reflects a short-term bearish trend. Lower highs continue to form after the recent peak, signaling distribution. Besides, weak recovery attempts indicate that buyers lack conviction at current levels. The $2,020–$2,030 zone now acts as immediate support. This level aligns with a key Fibonacci retracement and recent trendline support. However, price already lost the…

Alphabet Inc. is raising $15 billion in the US corporate bond market this week, part of a sweeping financing strategy to support its record-breaking $185 billion capital expenditure plan for artificial intelligence. According to a Bloomberg report, the offering includes seven tranches and has attracted more than $100 billion in demand. The longest tranche, maturing in 2066, is expected to yield roughly 95 basis points above Treasuries. The Google parent is also preparing to enter the UK and Swiss bond markets for the first time, including a rare 100-year bond, something not seen in the tech sector since the late-1990s dotcom…