Author: NBTC

Ethereum’s price took a 2.6% dip against the U.S. dollar on Friday, hot on the heels of bitcoin’s overnight tumble. While bitcoin’s weekly loss clocks in at a modest 0.7%, ether’s price showed some spunk, boasting a more lively 2% gain over the past seven days. Ethereum Holds Steady at $3,650 After Recent Dip As of press time, bitcoin commands a hefty 60.8% of the $3.82 trillion crypto market, while ether struts its stuff at 11.6%. Ether’s market share slipped just a tad but still shines brighter than its 11.1% stake from a week ago, Jan. 18. ETH/USD Deribit on…

As whale activities tied to XRP continue to increase, the latest of such moves has seen millions of XRP tokens deposited into Coinbase at once, according to recent data shared by on-chain monitoring firm, Whale Alert. Whale dumps millions of XRP According to the data, the large XRP transfer, which involves a total of 25,526,865 XRP by a single whale, has sparked reactions as the market sees a sudden shift in investors’ sentiments after a massive price rally that lasted for multiple days. While the transfer was traced to an unknown sender with the wallet address “rJQC2R,” the mysterious nature…

A coalition of crypto, fintech, and retail trade groups has urged President Donald Trump to take a firm stance in defending the nation’s open banking framework, warning that legal challenges by major banks threaten consumer data rights and could derail the administration’s innovation agenda. In a July 23 letter, the Financial Technology Association, Blockchain Association, Crypto Council for Innovation, and several national retail groups said that big banks are attempting to “unwind progress” made under Trump’s leadership by imposing high data access fees and challenging the open banking rule in court. The groups claim that these actions could restrict Americans…

A new research report from Cryptopolitan reveals Web3 is shifting toward modular architectures. It is moving away from monolithic blockchains such as Solana and pre-rollup Ethereum. The study, available under Cryptopolitan’s Reports section highlights a wave of developer interest and rising adoption of rollups as key signals of this transition. According to the new report from Cryptopolitan, modular chains better reflect the core values of Web3. They emphasize decentralization, specialization, and open innovation. In monolithic architectures, blockchain functions like consensus, data availability, execution, and settlement are tightly integrated and performed on the same layer. Modular blockchains decouple these components, distributing…

Wall Street stocks flipped out Wednesday after someone inside the White House told CNBC that Trump might fire Jerome Powell as Fed chair. That single comment kicked off chaos. The S&P 500 dropped hard at first, down 0.6%, before clawing its way back into the green once Trump denied the whole thing. By the Closing Bell, the S&P 500 scraped out a tiny 0.1% gain. Nasdaq also managed to add 0.1% after tanking nearly 0.8% during the day. The Dow Jones did slightly better, up 162 points, or 0.3%, but that’s only after it was down more than 260 points…

Ether’s recent price rally may be due for a cooldown, as a surge in social media mentions — reaching levels of “extreme euphoria” — points to the potential for a near term correction, according to sentiment platform Santiment. However, other indicators suggest Ether’s (ETH) rally may still have room to run, which has gained more than 50% over the past 30 days. “Extreme euphoria” may put Ether’s price at risk “Social metrics are flashing warning signs. Since early May, Ethereum’s price ratio against Bitcoin has surged by an incredible 70%,” Santiment said in a report on Friday. “This has led…

This is a segment from the Lightspeed newsletter. To read full editions, subscribe. Solana’s Firedancer client — a high-performance implementation of the blockchain’s software being built by Jump — was first announced in 2022. Nearly three years later, the project still comes with training wheels. That’s a very long time in the crypto world, so when Firedancer developer Michael McGee joined me on the Lightspeed podcast this week, I was curious to get his take on the client’s timeline. McGee painted an enormously difficult engineering task: rewriting a poorly documented codebase from scratch while the original software sees constant upgrades.…

Prosecutors in the criminal trial of Tornado Cash co-founder and developer Roman Storm rested their case on Thursday, opening the door for defense counsel to call an Ethereum core developer as its first witness. According to reporting by Inner City Press on Thursday from the US District Court for the Southern District of New York, Ethereum core developer Preston Van Loon testified in Storm’s defense case, which is expected to last about a week. The developer reportedly described Tornado Cash as a “privacy tool for Ethereum” and said he had used the mixing service four times to send a combined…

Adam Back is one of the earliest and most prominent champions of Bitcoin’s displacement of traditional finance via decentralization and self-sovereignty. However, his latest move—selling 30,000 bitcoin (BTC) to Wall Street giant Cantor Fitzgerald via a SPAC—has drawn scrutiny from those who see it as betraying some of the principles he once passionately espoused. Back was a cypherpunk. His community created BTC and fought for privacy, individual sovereignty, and displacing government-backed banking. In public statements throughout the years, he has repeatedly championed the network’s resistance to entrenched banking interests. Although he did not self-identify as a libertarian, many interviewers and…

Non-fungible token (NFT) project Pudgy Penguins has quieted rumors that it acquired the OpenSea marketplace. The rebuttal followed a wave of online chatter claiming that a deal may have closed around December 2024. In a Saturday post on blogging platform X, the head of security at Pudgy Penguins, Beau, dismissed the rumors, claiming that no such thing has happened. “Pudgy Penguins didn’t buy OpenSea… chill,” Beau wrote on X. Pudgy Penguins is a collection of 8,888 flightless bird NFTs launched in July 2021. The project has also expanded its offering, providing users with physical products through its Pudgy Toys line…