Author: NBTC

The U.S. Department of Treasury’s Office of Foreign Asset Control sanctioned a Russian crypto exchange on Thursday, according to its statement, a sign some federal authorities are continuing to scrutinize digital asset firms, despite U.S. President Donald Trump’s directives to ease up on the industry. The exchange, Garantex Europe OU, “directly facilitated ransomware actors and other cybercriminals,” processing more than $100 million in transactions tied to illegal activities since 2019, OFAC said Thursday in the statement. The agency added that it is also sanctioning the trading platform’s successor, Grinex, in addition to blacklisting three Garantex executives and six companies linked…

BounceBit, a CeDefi protocol and crypto staking platform, announced a strategic collaboration with Franklin Templeton, an established traditional asset manager issuing tokenized funds on public blockchains. BounceBit runs a multi-asset strategies CeDeFi network that allows people to participate in various investment opportunities and earn yields. On the other hand, Franklin Templeton is recognized as the first conventional asset management firm to tokenize a U.S. money market fund in 2021, laying the foundation for infusing managed real asset yields into the decentralized finance ecosystem. By launching its BB Prime platform on Franklin’s tokenized money market fund, BounceBit provides its institutional clients…

Tensions continue between US President Donald Trump and Fed Chair Jerome Powell over interest rates. Trump frequently insults Powell, accusing him of being late to cut interest rates. Following the inflation figures announced hours ago, Trump made a new post on his Truth Social account and once again stated that Fed Chair Powell should lower interest rates. As the feud between the two continues, Trump also announced that he is considering filing a lawsuit against Powell over the Fed building costs. At this point, Trump has stated that he is considering allowing a major lawsuit against Powell, accusing her of…

Jarett Dunn, a former Pump.fun senior developer, has signed a document affirming his guilt on charges related to draining an estimated $2 million worth of Solana (SOL) from the prominent token launchpad. The formal admission of guilt was made from behind bars in London, after he was imprisoned for breaking bail conditions. The latest twist in the saga comes as Pump.fun has reasserted its dominance over rival token launchpads that recently stole market share. On Wednesday, it accounted for 77% of Solana tokens created via launchpads, per Dune, and generated more than $2.28 million in revenue—a five-month high. Almost exactly…

The crypto world is buzzing with the phenomenal news: crypto exchange Bullish’s initial public offering (IPO) has been astonishingly oversubscribed by more than 20 times. This remarkable event, initially reported by Walter Bloomberg on X, highlights a surging investor appetite for digital asset ventures. It’s a clear signal that confidence in the cryptocurrency sector remains incredibly strong, even as traditional markets face various headwinds. Bitcoin World previously revealed the ambitious scope of this offering. Bullish aimed to sell 30 million shares at a price range of $32–$33, intending to raise a substantial sum. Initially targeting $629 million, the immense demand…

A group of crypto and fintech executives has urged US President Donald Trump to block banks from charging fees for access to their customer data, arguing it stifles consumer choice. The letter sent to Trump on Wednesday accused large banks of looking to “preserve their market position by imposing exorbitant new ‘account access’ fees that would prevent consumers from connecting their accounts to better financial products of their choice.” Crypto exchange Gemini, trading platform Robinhood, along with crypto lobby groups the Crypto Council for Innovation and the Blockchain Association, backed the letter, which claimed the fees would cripple the US…

Crypto trading remained the backbone of eToro’s business in the second quarter, generating roughly 91% of the company’s total revenue, according to its latest earnings report. That’s down slightly from the 93% share recorded in the first quarter, suggesting a modest increase in the contribution from equities and other trading segments. For the three months ended June 30, revenue from cryptoassets totaled $1.91 billion, hit by a small net loss of $8.4 million from crypto derivatives trading. After subtracting the $1.88 billion cost of cryptoasset revenue, digital asset trading still made up the vast majority of eToro’s $2.09 billion in…

Apraemio Ltd., a prominent platform in the crypto and blockchain landscape, has secured the MiCA registration from Malta’s MFSA. By getting the Markets in Crypto-Assets (MiCA) registration from Malta Financial Services Authority (MFSA), Apraemio shows its commitment to comply with peak regulatory standards within the EU region. Hence, the move underscores a key step toward improved compliance, security, and transparency in its operations. In addition to this, the development fortifies the trust of the institutional and retail market participants, as well as long-term stability. Apraemio ✅ MiCA Registration Completed!We are proud to announce that Apraemio Ltd. has officially received approval…

The Trump administration is expanding its shortlist of candidates to replace Federal Reserve Chair Jerome Powell, whose term expires next year. The goal is to find a candidate who can command the trust of both President Donald Trump and the financial markets. According to administration officials, among the names being considered are current Fed Vice Chairs Philip Jefferson and Michelle Bowman, Dallas Fed President Lorie Logan, former St. Louis Fed President Jim Bullard, and macroeconomic advisor Marc Sumerlin. The official noted that other private sector figures could also be added to the list. These new candidates are being considered alongside…

Key Takeaways Hong Kong’s SFC há introduced new standards to enhance the custody of virtual assets for licensed trading platforms. The guidance mandates stronger wallet infrastructure, access controls, and management oversight to address global security risks. Hong Kong’s Securities and Futures Commission (SFC) has issued a circular to all licensed virtual asset trading platforms (VATPs) outlining minimum standards and good practices for safeguarding client digital assets. The measures, introduced under the “Safeguard” pillar of the SFC’s ASPIRe roadmap, respond to recent findings from the regulator’s targeted review and a string of high-profile custody failures on overseas platforms. These incidents have…