Author: NBTC

After funding hundreds of projects with millions of dollars, the Ethereum Foundation is temporarily pausing the Ecosystem Support Program’s (ESP) open grant application process to refocus on a more proactive funding model that is better aligned with the ecosystem’s strategic needs. The transition comes as the foundation faces challenges reviewing the high volume of inbound applications, which it said has left “limited capacity to pursue new strategic opportunities.” In a Friday blog post, the Ethereum Foundation stressed that the ESP will continue funding new projects, but under a refined approach to grantmaking. More details are expected in the fourth quarter,…

Fed Chairman Jerome Powell will be releasing important consumer price index (CPI) reports on September 11. Financial markets eagerly anticipate such reports, to get a glimpse into inflationary trends within the economy. The remarks of Powell, particularly in the recent economic climate, should have a market impact and affect trading appetite in a host of asset classes. CPI is an index of the average movement of prices paid by consumers on the goods and services within the time. It is considered, probably, the most significant measure of inflation and is published month by month by the U.S. Bureau of Labor…

Key Takeaways Binance launched Medá, an IFPE entity in Mexico, backed by over $53 million to expand financial technology services. Medá aims to enhance financial inclusion and provide affordable transaction solutions for Mexican pesos within the Binance ecosystem. Binance has established a new entity in Mexico, Medá, which will operate independently as an Electronic Payment Funds Institution (IFPE) and focus on advancing financial technology services across Latin America. Medá, authorized and supervised by Mexican financial authorities, will facilitate deposits and withdrawals in Mexican pesos within the Binance ecosystem, which currently serves over 285 million users around the world. Medá is…

KuCoin cryptocurrency exchange is aiming to capture 10% of the blockchain mining capacity behind the world’s largest memecoin, the Dogecoin network, through the launch of a new cloud mining platform. KuCoin exchange is launching a cloud mining platform that offers retail and institutional investors access to verifiable hashrate backed by global mining facilities with 300 megawatts (MW) to 2 gigawatts (GW) of power resources. The new platform, KuMining, will offer investors access to Bitcoin (BTC) and Dogecoin (DOGE) hashrate and merged mining for Litecoin (LTC). The platform is launching with a hashrate of approximately 10 exahashes per second (EH/s) and…

Ethereum’s derivatives markets are flashing heightened activity as open interest climbs across futures and options, while liquidations reveal heavy pressure in recent trading sessions. Ethereum Open Interest and Options Activity Hit New Highs as August Comes to a Close Ethereum futures open interest has expanded sharply in recent weeks, climbing to more than $60 billion across exchanges. This marks a steep increase from early summer levels near $30 billion, suggesting traders have rapidly built leveraged positions. ETH futures open interest on Aug. 29, 2025, according to coinglass.com stats. The CME, Binance, and Bybit remain dominant venues, with CME reporting 2.12…

WLFI could make market structure bill, CLARITY Act harder to pass the Senate due to close ties with the President. Experts say Trump-related crypto company will create conflicts of interest and many will oppose the bill. The bill is scheduled to complete by Sepetmber 30 but can extend. The Trump family’s crypto company, World Liberty Financial, recently started trading under the symbol $WLFI. Experts are concerned that the company’s close ties to the president and its active role in crypto could make it harder for the Senate to pass the market structure bill. Will World Liberty Complicate the Market Structure…

RAK Properties, one of the largest publicly traded real estate company in the Ras Al Khaimah emirate of the United Arab Emirates (UAE), will start accepting cryptocurrency for international property transactions. According to a Monday announcement, RAK Properties will begin accepting payments in Bitcoin (BTC), Ether (ETH) and Tether’s USDt (USDT), among others. The move underscores the growing adoption of digital assets in the UAE, a sector projected to become one of the country’s largest in the coming years. Crypto transactions will be handled by Hubpay, a global payments platform based in the region. Hubpay will convert digital assets into…

American Bitcoin (ABTC), a newly public bitcoin mining and treasury firm backed by Donald Trump Jr. and Eric Trump, opened for trade Wednesday morning after completing its merger with Gryphon Digital Mining (GRYP). Wasting little time, the company filed for an at-the-market equity raise of up to $2.1 billion with which to continue building its bitcoin BTC$112,292.99 holdings (which footed to 2,443 coins at the time of the merger). Shares have rocketed 60% to $11 versus the $6.90 price at the time of the merger Tuesday evening. Its the latest chapter in American Bitcoin’s rapid formation, which began in March…

Ether spot exchange-traded funds (ETFs) have seen steady growth since their US debut in July 2024, while corporate treasuries tied to the token are also on the rise. Inflows into Ether (ETH) funds climbed 44% this month, rising from $9.5 billion on Aug. 1 to $13.7 billion on Aug. 28, according to cryptocurrency research platform SoSoValue. Market participants say renewed institutional demand is fueling the momentum. “After an extended period of underperformance relative to Bitcoin and a souring investor sentiment, Ethereum has recently experienced a significant revival in the recognition of both its adoption rate and value proposition,” Sygnum Chief…

European Central Bank (ECB) President Christine Lagarde urged European Union (EU) lawmakers to impose stringent requirements and safeguards on foreign stablecoins. Lagarde argued they should comply with the bloc’s regulatory standards before operating on EU soil, she said in a speech at a European Systemic Risk Board (ESRB) conference in Frankfurt on Wednesday. The ECB president cautioned that during a stablecoin run, investors would be more likely redeem in jurisdictions with stronger protections, such as the EU, where Markets in Crypto-Assets (MiCA) regulation prohibits redemption fees, potentially depleting local reserves. “The risk of liquidity mismanagement across jurisdictions is one we…