Author: NBTC

A federal judge in California has tossed out a class-action lawsuit against Yuga Labs, creator of the once-dominant Bored Ape Yacht Club NFT collection, ruling that the digital collectibles cannot be considered securities.   The Los Angeles-based judge, Fernando M. Olguin—who was appointed to the bench in 2013 by former president Barack Obama—ruled Thursday that Bored Ape NFTs fail to meet several criteria of the test used to determine the security status of financial transactions. Olguin ruled Bored Ape NFTs should be considered different from other NFT collections previously found to have plausibly constituted securities—particularly Dapper Labs’ NBA Top Shot NFTs…

A U.S. federal judge has ruled that Binance founder Changpeng “CZ” Zhao was not properly served in a terror-financing lawsuit tied to the October 2023 Hamas attacks, delaying direct legal exposure for him even as the case against Binance continues. Judge Rejects Service Attempts on Zhao The case involves more than 40 American plaintiffs and families of victims from the October 7 Hamas attacks. Their legal team tried to serve Zhao electronically, through email and social media, citing his residence in the United Arab Emirates and Binance’s lack of a clear global headquarters. The D.C. federal court dismissed those attempts,…

2Z, the native token of the decentralized cloud platform DoubleZero, is set to be listed on multiple exchanges, including Binance Alpha and Upbit, later today. The listing comes just days after the altcoin was deemed to fall outside the scope of U.S. securities laws. Summary DoubleZero will be listed on major exchanges like Binance Alpha and Upbit today. The listings come days after the U.S. SEC issued regulatory clearance for the token. According to an official announcement, Binance Alpha will be the first platform to list the DoubleZero (2Z) token, with trading set to go live on Oct. 2 at…

Under Reservation of Rights filing, Ripple is challlenging Linqto’s bankruptcy attempt of converting 4.7 million Ripple shares into a publicly traded fund. Ripple emphasized that it remains a private company by choice and has not given consent for its shares to be traded publicly. Linqto has a court hearing scheduled for October 3, 2025, before Judge Alfredo Perez. Ripple has formally filed a Reservation of Rights to challenge Linqto’s bankruptcy strategy of converting 4.7 million Ripple shares into a publicly traded fund. This move prevents its private shares from entering the public market without Ripple’s approval. Ripple Files Reservation of…

Recent proof-of-reserve data shows that Coinbase Wrapped ADA (cbADA) continues to grow as the exchange doubles down on Cardano. Cardano-based DEX Mintern shared this in a recent tweet, triggering bullish sentiment within the ADA community. The account noted that the prominent US exchange has republished the proof of reserve for its wrapped Cardano tokens, as numbers sustain its growth trajectory. Coinbase’s cbADA Proof of Reserve Shows Growth The recently updated report shows that Coinbase holds a reserve of 9,563,462 ADA valued at $8.2 million at the time of writing. Meanwhile, its total supply of cbADA stands at 9,530,418 tokens, reflecting…

Binance founder Changpeng Zhao, alias CZ, claims he was pressured to “bribe” one of the plaintiffs in a case against the exchange or they would tell news publications to write false reports linking it to terrorist groups. The allegations come as legal complaints against Binance tied to the October 2023 Hamas attacks pile up. CZ, who stepped down as Binance’s chief executive in 2023, said in a post on X Thursday that he had been threatened with fabricated stories if he refused to pay a massive sum. “One threatened that I must pay them $4.4 billion USD (yes, billion) or…

Crypto.com has rolled out AED Cash Accounts for users in the United Arab Emirates. They are offering instant setup with automated verification. The move allows customers to link bank accounts in minutes without uploading documents manually. The platform also confirmed that no deposit fees will apply. This makes the service fast and cost-effective. This update marks another milestone for Crypto.com. It has been expanding aggressively in global markets. The new service will make it easier for UAE-based users to fund their accounts and participate in crypto trading without delays. 🇦🇪 UAE users, opening an AED Cash Account has never been…

The European Union’s top financial risk watchdog has called for urgent policy action to address vulnerabilities in stablecoins that straddle the bloc and other jurisdictions, warning of potential systemic shocks if safeguards are not strengthened. In a statement, the European Systemic Risk Board (ESRB), chaired by European Central Bank (ECB) President Christine Lagarde, warned that “third country multi-issuer schemes – with fungible stablecoins issued both in the EU and outside – have built-in vulnerabilities which require an urgent policy response.” Stablecoins, designed to maintain a steady value by pegging to assets like currencies or baskets of reserves, have grown into a…

The Korea Digital Asset Trading Platform Association (DAXA), a coalition of leading South Korean cryptocurrency exchanges including Upbit and Bithumb, has issued a warning about a new altcoin. Accordingly, DAXA has set an investment alert for the altcoin called Boundless (ZKC). At this point, Upbit, Bithumb, and Coinone announced that Boundless (ZKC) has been designated as an investment alert. Bithumb explained that the decision was made after it was determined that the project had arbitrarily changed critical information without proper justification. The exchange also stated that there were numerous procedural deficiencies regarding the implementation and disclosure of these changes. “Boundless…

CME Group, a prominent exchange among institutions, announced plans on Thursday to offer around-the-clock trading for its cryptocurrency futures and options markets, a shift that would bring one of the largest regulated derivatives venues closer in line with the nonstop nature of crypto markets. The service could start in early 2026 pending regulatory approval, the firm said. “Client demand for around-the-clock cryptocurrency trading has grown as market participants need to manage their risk every day of the week,” Tim McCourt, CME’s global head of equities, FX and alternative products, said in a statement. “Ensuring that our regulated cryptocurrency markets are…