Author: NBTC
Stablecoin giant Tether has amassed a total of over 7.7 tons of physical gold to back its tokenized asset, Tether Gold. Tether revealed this via an attestation report, the first the company has issued for its digital asset Tether Gold (XAUT). Per the details, the Tether (USDT) issuer said it currently holds pure gold as reserve backing for every XAUT token in circulation. As of the report, the company held 246,523.33 ounces of gold, totaling more than 7.7 tons. “Each XAU₮ token is backed 1:1 by one troy ounce of physical gold, securely stored in a dedicated vault within world-class…
Bybit, globally known 2nd largest crypto exchange by trading volume, has officially launched Megadrop, a token launch platform which aims to ease the process of earning token airdrops. This is a major upgrade to Bybit’s token distribution framework that provides a more user friendly approach to participate in the early stage of new crypto projects. By subscribing to Fixed-Term Bybit Savings products, participants can earn token airdrops through Bybit Megadrop. Currently, $MNT, $USDT, $USDC, and $BBSOL are the eligible tokens for subscription. However, this new method for airdrops is different from traditional airdrop models which typically mandate traders to transact…
OpenLedger formed an essential strategic partnership with SpaceLabs, which pioneered the globe’s first AI Prediction Model. This partnership receives support from Animoca Brands and YZI Labs to create verifiable and trustless AI infrastructure. The future of intelligence is decentralized.OpenLedger is partnering with @SpaceLabsxyz to power the next wave of trustless intelligence.Together, we’re deepening our mission to build verifiable AI infrastructure that scales with transparency. pic.twitter.com/zYyE8D0N4u — Openledger (@OpenledgerHQ) April 30, 2025 About OpenLedger & Space Labs OpenLedger operates as a next-generation blockchain platform specifically designed for artificial intelligence, which leads the way toward decentralizing AI economic infrastructure. The core objective…
Dubai, UAE — Flare, the blockchain built for seamless interoperability, is expanding its ecosystem with the launch of USD₮0, the omnichain version of USDT — the world’s most widely used stablecoin.—With USD₮0 now live, Flare is unlocking a new era of liquidity, connecting the $140 billion USDT supply directly to XRP — the second-largest non-smart contract asset — without the need for wrapped tokens or risky third-party bridges.Powered by LayerZero’s Omnichain Fungible Token (OFT) standard, USD₮0 already supports frictionless transfers across major networks like Ethereum, Arbitrum, Optimism, Sei, and now Flare. Since its debut in January, more than $2 billion…
Kraken is preparing to go public in the near future via an IPO. The surge in trading volume signals the re-emergence of FOMO crypto trading amid bullish sentiment. Bitcoin has already broken out of a major resistance and a euphoric rally is around the corner. Kraken, a veteran cryptocurrency exchange, announced the financial update for the first quarter of 2025. The cryptocurrency exchange reported a gross revenue of $471.7 million, up 19 percent YoY but down 7 percent QoQ. According to the announcement, Kraken recorded an adjusted EBITDA of $187.4 million, up 17 percent and 1 percent YoY and QoQ…
Nansen, a blockchain analytics firm, has collaborated with Reown, an on-chain UX platform behind WalletConnect Network, to release the 2025 State of Onchain UX report. Based on almost 1,000 behavioral data and survey responses from active crypto users in the US and UK, the report explores how users interact with wallets, apps, and blockchains. 1/ The onchain internet is growing 🌐We’re launching The State of Onchain UX 2025 – our most in-depth look at how people use wallets, apps, and chainsWe analyzed 1K+ active users, with support from @nansen_ai dataWhat’s working, what’s broken, and where we go next 👇 pic.twitter.com/5UAMKDGM9s…
Bitcoin (BTC) is poised to reach significant price milestones in 2025, backed by optimistic forecasts from Matrixport, Willy Woo, and other institutions. With support from ETFs and a positive market sentiment, Bitcoin is a speculative asset and a promising long-term investment option. However, if the profitable supply exceeds 90%, the market must remain cautious of potential corrections. Numerous Positive On-Chain Metrics The Bitcoin market is showing encouraging signs as the supply on centralized exchanges (CEX) has dropped to a 7-year low. According to data from CryptoQuant, only about 2.492 million BTC remain on exchanges. This is a sharp drop from…
Three Bittensor subnet tokens — Chutes, Proprietary Trading Network, and Targon — are among the top projects to watch this week. Chutes remains the largest subnet token by market cap despite recent price pressure, while Proprietary Trading Network is gaining attention through the DeFAI narrative. Targon, meanwhile, is trading at deeply oversold levels and could be setting up for a potential rebound. Here’s a closer look at each of these Bittensor-based tokens heading into the first week of May. Chutes Chutes is a serverless AI compute platform built by Rayon Labs. It is designed to deploy, run, and scale any…
John Squire suggests SEC might settle Ripple case by accepting XRP instead of cash. Delaying XRP ETF approval could help SEC avoid rising prices before settlement deal. June 17 ETF delay might be part of SEC’s calculated move, says Squire. A surprising idea is gaining attention in the crypto world as social media influencer John Squire suggests that the U.S. Securities and Exchange Commission (SEC) could be planning to settle its lawsuit with Ripple by accepting XRP tokens instead of cash. Will the SEC truly accept XRP as a payment? Let’s find out! Delaying ETF Could Be a Strategic Move…
Kraken completed its acquisition of retail NinjaTrader, a prominent U.S. futures trading platform, after announcing the $1.5 billion transaction in March. With this acquisition, Kraken aims to offer access to traditional derivatives within Kraken’s platform, as NinjaTrader users will be able to explore crypto markets, according to the two companies. Kraken’s Move into Multi-Asset Trading “NinjaTrader’s mission has been to redefine retail futures trading, making it more accessible, cost-effective, and trader-friendly. Joining forces with Kraken allows us to take this vision to a global scale, expanding our reach and unlocking innovative new use cases,” said Marty Franchi, CEO of NinjaTrader.…