Author: NBTC

Ethena raised $100 million through a private sale of ENA tokens in December, with Franklin Templeton and F-Prime Capital among the investors, according to a Monday report from Bloomberg. F-Prime Capital, formerly known as Fidelity Biosciences, is affiliated with FMR LLC, Fidelity Investments’ parent company, through Devonshire Investors. The funding round also included other prominent investors like Dragonfly Capital Partners, Polychain Capital, and Pantera Capital. The fundraising will support the development of a new token targeting traditional financial institutions. Ethena also plans to launch its own blockchain using the raised capital. Ethena Labs operates two primary digital assets: the ENA…

Global fiat on/off ramp service Transak has obtained its Digital Currency Exchange (DCE) registration in Australia, marking a major step in its international expansion. The company received its DCE registration from the Australian Transaction Reports and Analysis Centre (AUSTRAC), allowing it to operate as a fully compliant exchange in the country. Akin to a Virtual Asset Service Provider (VASP) license in other parts of the world, this regulatory approval is critical for Transak, ensuring compliance with Australia’s strict anti-money laundering (AML) and counter-terrorism financing (CTF) regulations. By securing AUSTRAC registration, Transak can now offer Australians a compliant gateway to purchase…

The Real Lifestyle, a blockchain-powered platform for real estate, is excited to announce its groundbreaking alliance with Plena, an innovator for the Crypto Super App. This collaboration is aimed at revolutionizing blockchain and real estate innovations. We at @Trl_co are excited to partner with @PlenaFinance, the first Crypto Super App using Account Abstraction before Vitalik’s paper! With 5M+ transactions & 500k+ users, Plena is making DeFi seamless. Together, we’re redefining innovation in blockchain and real estate! 💥 pic.twitter.com/RnAe36rLQs — The Real Lifestyle (@Trl_co) March 5, 2025 The partnership strives to revolutionize the landscape of property investments along with DeFi. This…

Prominent economist and market analyst Peter Schiff has weighed in on Strategy Inc.’s investment in BTC and noted the firm’s declining share price and reduced Net Asset Value (NAV) premium. He further mentioned that, relative to doing leveraged Bitcoin buying, the stock has underperformed. Schiff said on X that although Michael Saylor claimed a 6.9% Bitcoin return this year, MSTR shares have declined by 6%. He pointed to a dilution of the shareholders, which he stated reduced the premium on the company’s Bitcoin reserves by 85%. Today, @saylor bragged about his leveraged Bitcoin buys generating a BTC yield of 6.9%…

Ethereum has witnessed net buys on Coinbase exceeding over $150 million since Sunday. The price hovers around $2,249 with strong support seen at $2,200. An upside breakout past $2,500 could cause Ethereum to race toward $2,800 in the near term. Ethereum is said to have witnessed intense activity on the buying side through Coinbase, having attracted net buys of over $150 million since Sunday. This, however, comes at a time where ETH is trading at levels around $2,249, and it is slowly emerging from a long downtrend. Similar patterns of buying were seen in October six months ago, just prior…

A quick look at the numbers reveals that the Middle East and North Africa (MENA) region has experienced remarkable crypto-related growth over the past year. This is thanks, in large part, to Bitcoin’s meteoric 120% rise (through 2024) which catapulted the sector’s market cap to a little under $3.8 trillion. During this rise, the MENA region became the seventh-largest crypto market in the world, accounting for 7.5% of global transaction volume. Moreover, numbers suggest that within nations like the UAE and Saudi Arabia, crypto enthusiasts have started to quickly move beyond centralized exchanges, with decentralized finance (DeFi) platforms fast gaining…

Cardano founder Charles Hoskinson has discussed how the Cardano network could play a role in Bitcoin DeFi, unlocking $2 trillion in assets. Hoskinson highlighted this during a conversation on the Mr. M Podcast, in which he appeared alongside early Bitcoin adopter Davinci Jeremie. The Cardano founder explained how Bitcoin holders could access decentralized finance opportunities without leaving the Bitcoin ecosystem. Cardano Presents a Solution for Bitcoin DeFi Hoskinson noted that Bitcoin DeFi could become a major sector. “So Bitcoin DeFi is going to be a huge category because it’s like $2 trillion of assets are waking up,” the Cardano founder…

The new chief counsel of the U.S. Securities and Exchange Commission’s (SEC) freshly-created Crypto Task Force is a crypto lawyer. Mike Selig, who was named chief counsel of the task force in a Monday announcement from the SEC, was previously a New York-based partner at white-shoe international law firm Willkie Farr & Gallagher, where he was a member of the firm’s crypto practice. Before joining Willkie, Selig interned for the Commodity Futures Trading Commission (CFTC). In a Monday X post, former CFTC Chairman Chris Giancarlo, affectionately known as “CryptoDad” by many in the industry, congratulated Selig on his appointment. Giancarlo…

In a recent tweet, Richard Teng, the Binance chief executive, who took the leadership from Changpeng Zhao (CZ) in November 2023, has delivered an important message to the Binance community. Teng reveals Binance’s leadership secret This message concerns the factor that has helped Binance to become the market leader and maintain its leadership over other crypto exchanges. The important thing here is that Binance stays operational at any cost: “Operational resilience is non-negotiable.” He added that the Binance team works 24 hours a day/seven days a week because, in “in crypto, every second counts.” Operational resilience is non-negotiable. Our teams…

Skate, a unified liquidity platform whose infrastructure layer powers a cross-chain virtual machine environment, has launched the first automated market maker protocol that will operate across the top blockchains. According to an announcement, Skate AMM allows users to navigate applications across all the top virtual machine, or VM, environments, including Ethereum (ETH), Solana (SOL), and TON Blockchain (TON). That means users on an SVM chain can interact seamlessly with native apps on an EVM or TonVM chain. It’s an interoperability milestone that could see the decentralized finance ecosystem record fresh, accelerated innovation and adoption. On top of EVM, SolanaVM and…