Author: NBTC
The New York State Attorney General asked the U.S. Securities and Exchange Commission to openly declare Ethereum’s ether (ETH) was a security, not a commodity, during the state’s prosecution of KuCoin in 2023, according to a document revealed by Coinbase Inc. in a trove of agency communications released on Wednesday. Shamiso Maswoswe, chief of the Investor Protection Bureau for the New York AG, hoped the federal watchdog would weigh in during the court dispute by filing a brief on its ETH view, according to a document produced through a Freedom of Information Act request Coinbase filed with the SEC. “We…
The team behind the official TRUMP meme coin sparks rug pull concerns among traders after removing $4.6 million from its liquidity pool ahead of a $320 million token unlock. In a recent post, on-chat data analysis from LookOnChain revealed that developers of the presidential meme coin previously extracted a large chunk of USD Coins (USDC) from its liquidity pool, worth $4.6 million. The USDC pile is later bridged to Ethereum (ETH) before they were deposited into Coinbase Prime. Coinbase Prime is a brokerage platform that is mainly used for institutional investors. It offers institutional traders a variety of on-chain services…
According to the latest data from CryptoRank, RWA protocols have recorded another significant milestone, with an aggregate TVL now stands at $22 billion across decentralized platforms, an increase of $11 billion from last month’s $11 billion TVL. This rise in TVL indicates the rising acceptance of tokenized traditional financial products within the Web3 world. The TVL is spread across 85 decentralized platforms, with the top major ones highlighted below. Securitize сrosses $3.5B in RWA valueWhile total RWA value has reached $22B, @Securitize holds a 31% share among RWA protocols, driven by @BlackRock $BUILD, which increased its supply by 46% over…
One of the Uniswap DAO’s top contributors walked away in frustration on Monday amid concerns that other stakeholders wield too much power over the decentralised protocol. Pepo, a pseudonymous delegate whom other token holders entrusted to vote on their behalf, had participated in Uniswap’s governance since 2023. He wielded 455,000 UNI tokens, making him one of the top 20 largest delegates. The reason for the departure? Other organisations involved in the running of Uniswap — primarily the nonprofit Uniswap Foundation — have pushed aside the opinions of DAO members and have been unreceptive to feedback, Pepo said in an X…
Circle CEO Jeremy Allaire has broken the silence on the Ethereum Pectra upgrade and its impact in the digital space. In a recent update shared on X, Allaire describes it as a pivotal improvement for on-chain usability. Ethereum Pectra as SSL/TLS moment for Web3 Notably, Allaire explained that the upgrade is crucial for stablecoins like his company’s USDC, which pegs its value to the U.S. dollar for stability. He compared the milestone achievement to the early days of internet development, when SSL/TLS encryption was added to the first web browsers. For clarity, SSL/TLS encryption protocols made online commerce and secure…
Digital currencies traded in the red on Wednesday as Bitcoin failed to hold above the key region of $85,000. Amidst the uncertainty, layer1 blockchain Sui Network attained a crucial milestone in its DeFi journey. Sui announced that the market cap of stablecoin USDC on its blockchain surpassed $545 million, reflecting increasing user trust and ecosystem maturity. More than half a billion USDC on Sui! USDC on Sui just crossed ~$545M in total market cap. 12:30 AM · Apr 16, 2025 The rapid USDC growth on the platform represents a vital indicator as it confirms soaring transaction volumes, rising liquidity, and…
Blockchain landscape is going through a stunning growth, with several blockchain ecosystems showing notable rise. As per the data provided by CryptoRank.io, the prominent blockchain networks in terms of TVL growth include Unichain, Movement, EDU Chain, Hyperliquid, Proton, Fantom, Soneium, and Hemi. This remarkable growth highlights the surging confidence in the blockchain sector. Top Chains by TVL Growth in April@unichain +5,278%@movementlabsxyz +4,158%@educhain_xyz +2,717%@HyperliquidX +162%Proton +74.8%@FantomFDN +66.3%@soneium +65.6%@hemi_xyz +56.6% pic.twitter.com/1KK92oeCb7 — CryptoRank.io (@CryptoRank_io) May 6, 2025 Unichain Dominates Top Blockchain Networks in Terms of TVL Surge in April According to CryptoRank.io’s data, Unichain is atop the blockchain networks when it comes…
Liquid staking is coming to IOTA’s DeFi ecosystem, potentially boosting its liquidity and capital efficiency. Liquid staking is coming to IOTA. On Wednesday, May 7, liquid staking solution Swirl launched on the IOTA (IOTA) mainnet. According to the protocol, it is the first liquid staking solution on the IOTA layer 1 network. 5.5.2025 → A new IOTA begins.Built on nearly a decade of research.Inspired by the best of Web3. Committed to open-source values🔗 https://t.co/CR2O6rocM4Smart contracts, decentralization, real-world adoption – just 2 weeks to launch🧵⤵️ 1/4 pic.twitter.com/Q7UzJk6zac — IOTA (@iota) April 22, 2025 With Swirl, users can earn IOTA staking yields…
Etherscan has launched monitoring tools for EIP-7702 authorizations following Ethereum’s Pectra upgrade, which introduced 11 improvement proposals to bolster scalability, security, and user experience. Ethereum Users Gain Smart Contract Flexibility With EIP-7702 Post-Pectra Ethereum’s Pectra upgrade, combining the Prague and Electra updates, went live on May 7, 2025, activating 11 Ethereum Improvement Proposals (EIPs), including EIP-7702. The proposal enables externally owned accounts (EOAs) to temporarily delegate transaction execution to smart contracts, blending user-controlled accounts with advanced smart contract functionalities. EIP-7702 introduces a “set code transaction” (type 0x04) to Ethereum, which assigns a delegation indicator to an EOA, redirecting its operations…
Visa Ventures, Visa’s global investment arm, has made an investment in BVNK, a stablecoin payment infrastructure provider, as the company strengthens its presence in digital finance, BVNK announced Thursday. The move came after BVNK secured $50 million in a Series B round led by Haun Ventures last December, with participation from Coinbase Ventures, Tiger Global, and others. The funding was aimed at supporting BVNK’s US expansion, including new offices in San Francisco and New York. “We’re proud to support BVNK as they help accelerate global adoption of stablecoin payments,” said Rubail Birwadker, Head of Growth Products and Partnerships at Visa,…