Author: NBTC

Customers of the bankrupt crypto exchange FTX are looking to update their lawsuit against Fenwick & West, one of the law firms once contracted by the company, claiming new information shows it was central to FTX’s collapse. The criminal trial of former FTX CEO Sam Bankman-Fried and investigations in the exchange’s bankruptcy proceedings “produced specific evidence supporting that Fenwick played a key and crucial role in the most important aspects of why and how the FTX fraud was accomplished,” FTX customers wrote in a court filing to amend their suit on Monday. “Simply put, the FTX Fraud was only possible…

Ekox, a popular platform to redefine restaking and modular finance, has partnered with Arichain, a multi-dimensional L1 blockchain. The partnership aims to advance community growth by providing unified liquidity along with smart modular restaking. As the platform mentioned in its latest X announcement, the development underscores a key move to enhance user experience, increase blockchain interoperability, and bolster technical synergy. Keeping this in view, the initiative could contribute crucially in revolutionizing liquidity management and cross-chain cooperation in the DeFi sector. Partnership Announcement 🤝🚀 Ekox × @Arichain_ — stronger together!This partnership is all about mutual community growth and deepening collaboration.Ekox, the…

A truly remarkable event has unfolded in the cryptocurrency market, capturing the attention of analysts and investors alike. A significant player, identified as an institutional or crypto firm address, has recently engaged in a substantial institutional ETH accumulation, adding hundreds of millions of dollars worth of Ethereum to its holdings. This kind of movement often sparks curiosity and speculation about the future trajectory of digital assets. What’s Driving This Massive ETH Investment? On-chain analysis, provided by reputable analyst @EmberCN on X, revealed a single address’s impressive activity. In just nine hours, this entity acquired a staggering 49,533 ETH, valued at…

Earlier this month, NPR ran a headline, “Why there’s so much excitement around a cryptocurrency called stablecoin.” If you want to understand where crypto stands with legacy media in 2025, start there. The piece was a basic primer on a decade-old innovation that settles nearly $27 trillion annually, surpassing the combined annual transaction volume of Visa and Mastercard. Stablecoins are not new, and neither is the media’s incuriosity about them. It was the most recent proofpoint that in the eyes of legacy media, crypto remains suspended in a state of perpetual novelty. The gap between crypto’s market performance and the…

The legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) has taken yet another twist, and this time, it’s not about price charts but about legal procedure. A few days ago, reports surfaced claiming that SEC Gov v. Ripple was officially over after both parties filed a Joint Dismissal of the Appeals. Social media posts quickly went viral with the headline “The case is over.” However, not everyone bought the news. Many in the crypto community dismissed the claims as premature or outright fake, leading to heated debates across X (formerly Twitter). Analyst: “No Judge’s Signature Needed”…

S&P Global Ratings has issued its first credit rating for a decentralized finance protocol, assigning Sky Protocol a B-minus with a stable outlook. The rating, published August 8, applies to the protocol’s stablecoin liabilities, including USDS and DAI, as well as their interest-bearing versions, but does not extend to governance tokens. The move establishes a precedent for applying traditional credit evaluation frameworks to on-chain entities. S&P cited several constraints behind the speculative-grade rating. Depositor concentration was a central factor, with a small number of participants controlling a large share of assets. Governance centralization was also flagged, with founder Rune Christensen…

Unknown whale accumulated $1 billion worth of ETH through 221,166 tokens across six wallets, sourced from Galaxy Digital, FalconX, and BitGo. Ethereum’s 21% price surge pushed it above $4,000 to $4,303, giving it a $523 billion market cap that now exceeds Mastercard’s valuation. Institutional accumulation of Ethereum has been high in recent times, with one unknown party buying up close to $1 billion worth of ETH tokens. The price increase of the cryptocurrency has pushed its market cap above that of the conventional financial giant Mastercard, an achievement that is a significant milestone in the world of digital currencies. Whale…

Stocks signaled an upbeat outlook on Tuesday amid largely encouraging earnings results, with major indices edging higher at the open ahead of the Federal Reserve’s meeting, key jobs data, and a looming tariffs deadline. Summary S&P 500 and Nasdaq edged higher with 0.3% and 0.5% respectively as stocks opened positive. Key things investors are watching amid a bullish Wall Street include corporate earnings and U.S. economic data. Tariffs and the Federal Reserve’s meeting is also on the agenda. The S&P 500 and Nasdaq opened higher, gaining 0.3% and 0.5%, respectively, as investors maintained a bullish outlook. The Dow Jones Industrial…

Exciting news echoes through the decentralized finance landscape! DeFi infrastructure firm Zoth has announced a significant Zoth funding round, securing a substantial $15 million commitment. This pivotal investment, stemming from private equity firm Bolts Capital, is set to propel Zoth’s ambitious expansion plans, particularly in the burgeoning Real-World Assets (RWAs) sector. This move signals a strong belief in the future of tokenized assets and their integration into the blockchain ecosystem. What Does This Bolts Capital Investment Mean for Zoth’s Growth? The commitment from Bolts Capital investment came via a strategic token purchase, a clear vote of confidence in Zoth’s innovative…

Early Ethereum ICO whale moves $9.9M in ETH as price breaks out, fueling bullish sentiment and altcoin season hopes. Analysts see room for ETH to climb further, citing strong fundamentals, institutional demand, and a favorable MVRV ratio. An early Ethereum ICO participant has re-entered the spotlight after transferring 2,300 ETH, worth about $9.9 million, in a single transaction. As per Lookonchain data, this investor originally bought 20,000 ETH during the 2014 Genesis sale for just $6,200 and still holds 1,623 ETH, valued at roughly $6.99 million. The move comes as Ethereum’s price action heats up, adding to speculation about what’s…