Author: NBTC

Changpeng “CZ” Zhao, founder and former CEO of Binance, has addressed concerns about the proof-of-reserves of the trading platform. In a post on X, CZ responded to claims that Binance was deliberately delaying the publication of its proof-of-reserve report four days into the new month. Zhao Say ‘No Cause for Alarm on Proof-of-Reserve’ Zhao dismissed the claims as an attempt to spread fear, uncertainty, and doubt (FUD) in the ecosystem. He clarified that ‘Binance usually takes a few days to publish. Usually on the 5th or 6th.’ The former Binance CEO is effectively stating that the concerns raised were merely…

Two new Bitcoin wallets recently withdrew large amounts from Binance’s hot wallet. This news comes as Bitcoin (BTC) continues to trade below its all-time high of approximately $111,800, currently priced around $105,503 amid a modest decline of 1.57% in 24 hours and 3.56% over the past week. Meanwhile, significant on-chain movements point to an ongoing trend of Bitcoin moving away from exchanges. Specifically, recent data from Lookonchain highlights two newly created wallets receiving major withdrawals from Binance’s hot wallet, signaling a potential change in holder behavior. Significant Binance Withdrawals to New Wallets Lookonchain reported that around 09:21:13 UTC, two newly…

Long-running Ethereum NFT collection Chimpers is expanding its footprint, teaming with IP incubator 223 to produce physical collectibles, starting with a plush keychain blind box collection featuring the cartoonish Chimpers characters.  The brand, which has amassed millions of followers across social media platforms, will sell its Series 1 collectible exclusively through 223’s online marketplace, with plans to expand into retail in the future.  “We’ve built a following of over 1.8 million, but the real goal is turning fans into believers. That shift happens when people can hold a piece of the Chimpverse in their hands,” Chimpers co-founder Jacob Timperley told…

Jack Yi, the founder of LD Capital, stated on social media that the volatility in the crypto market is nearing an end. Yi argued that when the market starts to rise, sudden drops can sometimes disrupt the process, but these fluctuations will not change the general trend. JackYi, who claimed that the expected interest rate cuts and developments in the Ethereum ecosystem in the near future will surprise patient investors, said that especially if the Ethereum (ETH) price exceeds the $ 3,000 level, this will be a harbinger of a real bull market not only for investors but for the…

Ripple has announced a $700 million tender offer to repurchase shares from shareholders at $175 per share. Investor Jeremy Raper highlighted this development in a post on X, sharing the email he received from Ripple CEO Brad Garlinghouse regarding the offer. According to the disclosure, the move reflects Ripple’s financial strength and growth ambitions. The email stated that the offer opened on Tuesday, June 10, and will close on Wednesday, July 9. It extends it to holders of eligible vested stock options or shares and will be facilitated via the Nasdaq Private Market. Ripple CEO Brad Garlinghouse’s email to investors…

Sei Development Foundation has appointed Jamie Finn, a veteran fintech entrepreneur and co-founder of Securitize as a strategic advisor. Sei Development Foundation, a non-profit focused on the development and adoption of Sei (SEI), announced the appointment on May 20, 2025. “Jamie brings a rare combination of institutional credibility, deep technical insight, and hands-on experience building real-world asset platforms,” commented Justin Barlow, executive director at the Sei Development Foundation. As Sei Development Foundation’s new advisor Finn’s key areas of collaboration will include the topic of strategic growth and adoption of real-world assets on the Sei blockchain network. Finn’s expertise and experience…

The US House members have declared the week of July 14 as “Crypto Week,” another pro-crypto act focused on driving digital asset innovation in America French Hill, the chairman of the Committee on Financial Services, and GT Thompson, the chairman of the Committee on Agriculture, along with other key House leadership, endorsed this pro-innovation move on Thursday, July 3. Consequently, the US House dedicated the week spanning from July 14 to 18 to comprehensively tackling crypto-related legislation. Among the primary agenda for the week are the CLARITY Act, the Anti-CBDC bill, and the US Senate’s GENIUS Act. A Full Week…

As regulations regarding cryptocurrency transactions continue in Türkiye, exchanges are announcing new criteria that investors must follow in order to comply with these regulations. At this point, the final statement came from Binance TR, the Turkish arm of Binance. According to the official statement from Binance TR, Binance TR announced the new regulations that came as part of the new obligations introduced by the Financial Crimes Investigation Board General Communiqué (Sequence No: 29) and MASAK, published in the Official Gazette on June 28, 2025. Accordingly, Binance TR announced that a waiting period has been introduced for all new crypto asset…

NIP Group, the parent company of iconic esports organization Ninjas in Pyjamas, announced on Tuesday that it is entering the game of Bitcoin mining. The group is joining the industry through the acquisition of an undisclosed number of Bitcoin mining rigs that have a combined hashrate of 3.11 EH/s—a unit measuring computational power used in Bitcoin mining. NIP Group estimates its mining operation will produce 60 BTC a month, worth approximately $6.5 million at current prices. Of course, this will not be pure profit, as running a Bitcoin mining rig is extremely expensive due to electricity costs. Alongside this, the…

Based on Arkham data, the value of Bitcoin creator Satoshi Nakamoto’s Bitcoin holdings has dropped by over $4 billion in the last four days. According to recent Arkham data, Satoshi’s Bitcoin holdings are nearly $116 billion, a more than $4 billion decline from the $120 billion reported by Arkham on May 26. Bitcoin has fallen since May 26, when its price rose beyond $110,000. Bitcoin achieved a high of $110,474 on May 26; bullish attempts to reclaim the $111,000 level culminated in highs of $110,829 on May 27, following which Bitcoin began to decline. Bitcoin has dropped three days in…