Author: NBTC
Coinbase quietly guards a digital war chest of 2.7 million bitcoin, with Wall Street giants, tech titans, and mining firms all locking their crypto fortunes behind its walls. Digital Fort Knox Onchain data from timechainindex.com shows that San Francisco–based Coinbase (Nasdaq: COIN) currently safeguards 13.7% of the bitcoin ( BTC) in circulation. Beyond running a trading venue, the firm stewards sizeable balances for an array of counterparties, ranging from peer exchanges and miners to issuers of exchange‑traded products (ETPs). Coinbase’s trove of customer assets totals 1,045,246 BTC, and the platform likewise custodies reserves for Revolut (28,536 BTC), Bitvavo (22,695 BTC),…
Get ready for a significant moment in the world of digital assets! A groundbreaking development has just unfolded, showcasing the increasing integration of cryptocurrencies into traditional finance. Mantle mETH, the liquid staking token from the Mantle Network, has achieved a historic first by being included on the balance sheet of a publicly traded company. This move by Beyond Medical Technologies, through its Ethereum treasury managed by Republic Technologies, marks a pivotal step for Liquid Staking Tokens and signals a potential shift in how public companies approach their treasury strategies. What is Mantle mETH and Why is it Making Waves? Before…
Amber International has announced a bold new move: the launch of a $100 million crypto reserve aimed at reshaping how traditional finance interacts with digital assets. What makes this initiative stand out is its AI-powered strategy, which is designed to identify and support promising blockchain projects and unlock new business opportunities across the crypto ecosystem. A Smarter Reserve: Powered by AI and Targeting High-Potential Projects Amber’s smart AI system scans on-chain data, developer activity, and even Crypto Twitter sentiment to spot the next big blockchain projects. The goal? To invest early in potential unicorns before they hit mainstream awareness. The…
“I don’t think it’s here to stay,” Dave Portnoy said, referring to meme coins—the same corner of crypto he’s often poured fuel on through his social media antics. Speaking on stage at Consensus 2025 with Tom Farley, CEO of crypto exchange Bullish, the Barstool Sports founder peeled back the layers of his short, chaotic stint in the meme coin world. With his usual brash candor, Portnoy described a journey of sudden windfalls, legal landmines, and the kind of public backlash that might make even the most hardened internet provocateur think twice. “I love the rush, I’m a gambler at heart,”…
Texas, one of the leading states in the US in technology and financial innovation, is preparing to take an important step in the field of cryptocurrencies. The Texas Strategic Bitcoin Reserve Act (SB 21) will receive a second reading in the House of Representatives on May 20. This process is a mandatory step for the bill to be brought to a final vote. Satoshi Action Fund (SAT) co-founder Dennis Porter announced on social media that SB 21 is moving forward in the House. If the bill passes a full vote in the House before the end of the legislative session…
Welcome to The Protocol, CoinDesk’s weekly wrap-up of the most important stories in cryptocurrency tech development. I’m Margaux Nijkerk, the Ethereum protocol reporter on CoinDesk’s Tech team. In this issue: Solana To Get Major Design Overhaul Proposal For New Ethereum Nodes to Make Them Easier to Run World Network’s $135 Million Token Sale Solana Seeker Mobile Coming Early August Network news SOLANA TO GET MAJOR DESIGN OVERHAUL: Solana developers are planning what could be the blockchain’s most ambitious core upgrade to date — one that replaces its current technology stack with a redesigned consensus protocol built for near-instant finality and…
Coinbase stock price had its best week since November last year, even as the company moved from one bad news to another. Coinbase shares ended the week at $266, their highest level since February and 88% above their lowest level this year. This gives Coinbase a market cap of over $67.8 billion. Coinbase stock price weekly performance | Source: TradingView Coinbase experienced major headwinds This rally happened in a difficult week for the company and the crypto market. First, the recent crypto market rally stalled, with Bitcoin (BTC) remaining stubbornly below $105,000 and many altcoins crashing by double digits from…
USDT Faces Restriction in Russia: New Central Bank rules likely exclude USDT from domestic use, citing concerns over sanctions and wallet freezes. Russia Shifts to Alternative Payment Systems: While USDT may still be used for international trade, Russia is pushing tokenized assets and CBDCs for cross-border settlements. As Russia tightens its grip on the crypto sector, a fresh wave of Central Bank regulations could severely affect USDT trading within the country. While Russian firms may still be able to use stablecoins like Tether for cross-border settlements, domestic investor access to USDT appears increasingly at risk. No Explicit Ban, but All…
Sophon uses zkTLS to convert private Web2 credentials into verifiable on-chain assets without compromising privacy, enhancing user experiences and enabling new perspectives on applications. Dubai, UAE, May 21 — Sophon, a platform built to power consumer crypto experiences, has unveiled its integration of zkTLS (zero-knowledge Transport Layer Security) as the foundation for a new class of personalized and privacy-preserving blockchain applications. At the center of this effort is the Social Oracle, a system that verifies off-chain personal data, such as achievements, credentials, and social influence, on-chain, while preserving user privacy. While many blockchain apps focus on financial primitives or public…
Widely followed crypto analyst Michaël van de Poppe says this week could prove pivotal for Bitcoin as BTC stages a recovery from a 2025 low of $74,000. Van de Poppe tells his 785,200 followers on the social media platform X that there’s a chance that the Federal Reserve will slash interest rates at its meeting this week, slated for May 6th to 7th. According to the analyst, a Fed rate cut may serve as a catalyst that fuels Bitcoin’s run to greater heights. “Big week coming up with the FED. The likelihood of a rate cut is significant, and if…