Author: NBTC

Key Takeaways Chainalysis has expanded its XRP Ledger functionality with automatic token recognition. This enhancement will allow better tracking and identification of tokens on the XRP Ledger network. Chainalysis has expanded its blockchain analytics support for XRP Ledger (XRPL), adding automatic recognition for over 260,000 tokens on the network, including fungible, non-fungible, and multi-purpose tokens, according to a Monday announcement. The integration enables monitoring of XRPL tokens through Chainalysis KYT (Know Your Transaction) with real-time alerts and continuous tracking. Users can access the expanded capabilities through the company’s entity screening products and Reactor investigations tool to track fund flows, investigate…

Layer 1 blockchain Sonic, formerly known as Fantom, is grappling with a steep drop in total value locked (TVL) across its ecosystem, raising questions about the sustainability of its growth strategy. Sonic’s TVL has fallen from $1.1 billion in May to $367 million as of today, a decline of roughly 67%, according to DeFiLlama. For context, Fantom had previously reached a TVL high of around $9 billion in early 2022. Sonic TVL The drop coincided with the end of Sonic’s 5-year deal with market maker Wintermute, underscoring how hard it can be for new blockchains to keep users and funds…

A significant event has captured the attention of the cryptocurrency world: a massive Galaxy Digital ETH transfer. Recently, the prominent cryptocurrency financial services firm, Galaxy Digital, moved a substantial amount of Ethereum (ETH) – precisely 10,039 ETH, valued at approximately $44.04 million at the time – to an anonymous address. This intriguing movement, first highlighted by Onchain-Lenz, has sparked considerable discussion within the crypto community. What Exactly Happened with This Galaxy Digital ETH Transfer? Understanding the specifics of this on-chain transaction is crucial. Galaxy Digital, a well-known institutional player in the crypto space, executed a large-scale transfer of Ethereum. Here’s…

The cryptocurrency world is buzzing with significant news! American Bitcoin, a prominent mining firm, is making headlines with its ambitious plan to list on the Nasdaq stock exchange. This pivotal move, backed by the two sons of former U.S. President Donald Trump, Eric Trump and Donald Trump Jr., aims for an early September debut, according to a Reuters report. This development signals a major step for a crypto mining company entering traditional financial markets. What is American Bitcoin and Its Nasdaq Journey? American Bitcoin is not just another mining operation. Founded by Eric Trump, in collaboration with established Bitcoin miner…

The US Supreme Court has accepted a fast-track appeal filed by President Donald Trump over global tariffs, bringing the matter to its attention. The court will hear arguments from both sides in the first week of November. US Supreme Court to Hear Trump’s Tariff Case The Trump administration is defending import duties previously ruled unlawful by a lower court, including the “Independence Day” tariffs announced in April and taxes aimed at combating drug trafficking in China, Mexico and Canada. A lower court had deemed Trump’s implementation of these orders under the International Emergency Economic Powers Act (IEEPA) an overreach. However,…

Ethereum is still far from its goal of becoming a ‘one trillion chain’, but it remains the L1 network with the most significant share of the crypto business. Based on recent data, Ethereum apps hold over $330B in user deposits. Ethereum’s apps signal significant on-chain activity, as they become the L1 with the largest share of user deposits. Based on Token Terminal data, Ethereum carries $330B in user deposits, following a rush to DeFi activity. Token Terminal has included Tether as the leading app in terms of value locked, but also ranked other DeFi and general apps. Top apps on…

The cryptocurrency world is always buzzing with strategic moves, and a recent transaction by the Virtual Protocol team has certainly captured attention. In a significant on-chain maneuver, Virtual Protocol recently swapped a substantial amount of Ethereum (ETH) for Coinbase Wrapped Bitcoin (cbBTC). This move highlights an active approach to treasury management within the decentralized finance (DeFi) space. What’s Driving Virtual Protocol’s Latest Crypto Maneuver? Just five hours ago, the Virtual Protocol team executed a noteworthy trade. They exchanged 2,880 ETH for 110.16 cbBTC. This transaction, valued at approximately $12.67 million, was brought to light by the keen observations of on-chain…

Jack Ma–backed Yunfeng Financial Group, listed in Hong Kong, purchased 10,000 Ethereum worth $44 million, marking a deeper move into digital asset ventures. The company confirmed that the acquisition was funded entirely through its available cash resources. The move comes as part of Yunfeng’s expansion into Web3, digital assets, and artificial intelligence. Ethereum will serve as a strategic reserve asset for the group. Ethereum to Be Treated as Investment Asset In its announcement, Yunfeng clarified that Ethereum will be reported as part of its investment portfolio in official financial reports. The company emphasized that ETH will support tokenization projects and…

Lawmakers in South Korea are secretly stacking Bitcoin, XRP, and even PEPE. Their bets echo a nation where crypto traders now outnumber stock investors. But as the government pushes to revive local markets, politicians’ portfolios tell another story. A new report shows that many South Korean lawmakers are quietly investing in crypto, choosing digital assets over the weak local stock market. Instead of relying on KOSPI, they are building portfolios with Bitcoin, XRP, meme coins like PEPE, and even U.S. tech giants such as Microsoft and Tesla. This shift reflects a bigger trend across the country. Over 16 million South…

The chairman of Nigerian anti-corruption body has issued a stark warning that Nigeria’s financial system is highly vulnerable to large-scale abuse if the country’s cryptocurrency activities remain unregulated. Collaboration for Compliance and Investor Protection Ola Olukoyede, chairperson of the Economic and Financial Crimes Commission (EFCC), described crypto as a powerful “engine of global innovation and wealth creation. However, he warns that it also has the potential “enabler of money laundering, terrorism financing, and fraud.” Olukoyede stressed that the lack of regulation blurs the line between legitimate operators and fraudsters, making the entire ecosystem susceptible to exploitation. “Crypto is the new…