Author: NBTC

Binance co-founder and former CEO Changpeng “CZ” Zhao dismissed crypto critic Peter Schiff’s plan to launch a tokenized gold product, calling it a “trust me bro” asset. In a Thursday post on X, CZ said tokenized gold is not onchain gold, but a promise dependent on third-party custody. “It’s tokenizing that you trust some third party will give you gold at some later date… even after their management changes, maybe decades later, during a war,” he wrote. CZ’s comments came after Schiff, a long-time Bitcoin (BTC) critic and gold advocate, announced plans on the ThreadGuy podcast to roll out a…

Trading activity on decentralized exchanges (DEXs) surged to new highs in October, signaling the continued shift of global crypto markets toward on-chain finance. According to data from DeFiLlama, perpetual DEXs processed more than $1.36 trillion in trading volume last month, the highest level ever recorded. That figure surpassed August’s $759 billion peak, setting a new benchmark for on-chain trading activity. Hyperliquid Leads as Onchain Perpetuals Gain Traction The sharp rise in volume underscores growing investor confidence in on-chain platforms. Hyperliquid, a layer-1 blockchain that has dominated the perpetual DEX landscape, accounted for roughly $299 billion of October’s total. Close behind…

Sierra Leone has signaled a clear intention to integrate emerging technologies into vital sectors of the economy, phasing out traditional systems in favor of next-gen solutions. The West African nation is turning to blockchain technology, eyeing bilateral agreements to accelerate its digitization efforts. Sierra Leone’s Minister of Communication, Technology and Innovation, Salima Monorma Bah, played host to the country’s ambassador to China, Abubakarr Karim, and several blockchain experts from Felei TechCity and Sovereign Infrastructure for Global Nations (SIGN). During the visit, the experts expressed readiness to leverage their expertise in improving Sierra Leone’s digitization metrics. The Minister noted that the…

Ethereum (ETH) slipped under the key $3,000 level earlier today, which rattled retail traders after a week of heavy liquidations. On-chain watchers said the move flushed out leveraged longs, yet it also triggered aggressive dip buying from large holders. According to Lookonchain, whales have purchased over 323,523 ETH worth $1.12 billion in the past two days. ETH then bounced back above $3,000 and traded near $3,315 at press time, suggesting buyers defended the round number. This tells traders the $3,000 floor still matters even in a weak U.S. bid environment. ETH Cycle Shows Distribution After August $4,500 High CryptoQuant’s analysis…

Crypto adoption in Australia has stalled, despite the incumbent Albanese government rolling out some of the most ambitious digital asset reforms in the country’s history. The fifth annual Australian Crypto Survey, released on Wednesday by crypto exchange Swyftx, found that ownership remains flat among adults, with trust in digital assets continuing to slide. Nearly 60% of Australians say they don’t trust crypto, up from 57% last year, according to data cited by the report. Among those who have never owned digital assets, the key barrier is the sense that crypto still lacks clear rules.  “The promise of crypto regulation…

Brett Harrison, the former president of FTX US, is set to roll out a new perpetual futures exchange in the coming weeks—but it won’t include markets on crypto. In fact, the former FTX US executive told Decrypt he believes offering leveraged trading, where borrowed capital is used to multiply both gains and losses, on volatile crypto assets is “irresponsible” and becoming a “major problem.” His comments echo those from analysts who have recently raised concerns about excessive leverage in the crypto market following the flash crash on October 10, when a record $19 billion was flushed from the derivatives market.…

The objective of the initiative is to establish a connection between university research and scalable infrastructure for open artificial intelligence systems. Workshops, hackathons, student scholarships, and open-source projects will also be a part of the effort, which will last for four years. Nanyang Technological University, Singapore (NTU Singapore) and Zero Gravity (0G), a decentralized artificial intelligence (AI) infrastructure company, have announced a partnership worth S$5 million to establish a joint research hub for the advancement of blockchain-based artificial intelligence (AI) technologies that will be more accessible and accountable. Multiple initiatives that explore decentralized artificial intelligence training, blockchain-integrated model alignment, and…

Ethereum price today trades near $3,325 after losing its multi month trendline and slipping below the 20, 50 and 100 day moving averages. The breakdown shifted momentum to sellers and opened the door toward the high liquidity zone around $3,000 to $2,800, an area highlighted by market structure, historical demand, and recent liquidity heatmaps. Buyers Step Back As Spot Outflows Rise ETH Netflows (Source: Coinglass) Spot flow data from Coinglass reveals why the decline accelerated. On November 5, Ethereum recorded $154.2 million in net outflows, signaling active distribution as tokens moved from wallets to exchanges. Outflows of this size typically…

The Fed lost access to critical employment data due to the government shutdown. According to the Washington Post, Fed officials cannot access data from ADP, which provides private sector employment data. This development creates additional difficulties for the Fed in making interest rate policy decisions, as it is currently unable to access much economic data due to the ongoing partial government shutdown in the US. The uncertainty created by the lack of data also led to a sharp decline in cryptocurrency markets. Total cryptocurrency market capitalization fell 4.79% in the last 24 hours to $3.65 trillion. Bitcoin, meanwhile, fell 3.87%…

Europe’s crypto momentum is exploding as the United Kingdom emerges as the next powerhouse for digital asset growth, with Bitpanda igniting a new wave of institutional and retail investment through its massive crypto offering and innovative UK expansion. Bitpanda’s UK Launch Highlights Growing Crypto Demand and Expanding Institutional Integration Institutional and retail enthusiasm for digital assets continues to strengthen across Europe, positioning the United Kingdom as a vital growth market for crypto investment. Austrian-based cryptoasset platform Bitpanda announced on Oct. 31 that it has officially entered the UK market, unveiling what it describes as the nation’s largest cryptoasset offering. With…