Author: NBTC

In a recent X discussion, Ripple CTO David Schwartz weighed in on a common misconception about Coinbase’s layer-2 platform, Base. Coinbase CLO Paul Grewal pointed out a common misconception about the Base platform. In a tweet, Grewal stated that framing sequencers on L2s such as Base as exchanges misrepresents their function as a marketplace. Sequencers act as blockchain’s “air traffic control,” taking unordered transactions and organizing them. To clear up this misconception, Grewal provides the SEC’s definition of an exchange as that which provides a marketplace for bringing together buyers and sellers of securities. Grewal added that L2s are general-purpose…

Key takeaways The crypto market recorded losses over the weekend, with ETH briefly dropping below $4,100. The leading altcoin could dip below $4k if the bearish trend continues. Ether dips below $4,100 as the market experiences a massive dip The crypto market began the new week with a dip, with Bitcoin and other major cryptocurrencies recording losses. Bitcoin, the leading cryptocurrency by market cap, briefly dropped below $112k, resulting in over $1 billion worth of long liquidations within the last 24 hours. This also saw altcoins record huge losses. Ether, the leading altcoin by market cap, is down 6% in…

Blockchain lender Figure Technologies was set to begin trading on the Nasdaq on Thursday under the ticker symbol “FIGR” after raising $787.5 million through an initial public offering alongside existing investors, according to a press release. The New York-based firm, which uses a blockchain-based platform to facilitate lending outside its traditional scope, sold 31.5 million shares at $25 apiece. The firm and its investors initially targeted a range of $20 to $22 per share for its IPO across 26 million shares. With 211 million in shares outstanding, the deal valued Figure at $5.29 billion. The upsized IPO represented Wall Street’s…

Coinbase’s Ethereum Layer 2 network Base recently teased a native token for the first time since its launch in 2023, and activity on the chain is soaring as users rush to become eligible for the airdrop. The network’s total value locked (TVL) reached a new high of $5.1 billion at the beginning of September, and weekly transactions just crossed 90 million for the first time, a 10% increase from the previous high of 81 million at the end of December, driven by the AI Agent mania. Base TVL and Transactions – DeFiLlama Despite the increase in total transactions, however, the…

Co-CEO of SharpLink Gaming Joseph Chalom says Ethereum is the only platform to transform traditional finance. SharpLink Gaming is the world’s second-largest Ethereum-focused Digital Asset Treasury (DAT) company, and Chalom made the comments at an event in Seoul on Monday. Why SharpLink is Bullish on Ethereum DAT firms hold cryptocurrencies or digital assets as a core part of their treasury strategy. Since it began purchasing ETH in June, SharpLink has accumulated 838,150 ETH in three months. “Secure payments and asset tokenization will define the future of financial innovation,” said Joseph Chalom, the company’s co-CEO. Before joining SharpLink, Chalom spent two…

A swarm of autonomous robots could offer a new way to bring trustworthy real-world data onto blockchains—without relying on centralized sources. The idea, detailed in a new preprint study titled Swarm Oracle: Trustless Blockchain Agreements through Robot Swarms, builds on earlier peer-reviewed research where researchers demonstrated that mobile robots could reach reliable consensus, even in times of disruption, cyberattack, or in hostile environments. The new study applies that approach to a persistent problem in blockchain design: how to get verified real-world data into smart contracts without introducing new points of trust. A blockchain oracle is a service that securely supplies…

Crypto mining and investment firm BitMine Immersion announced that it has significantly increased its Ethereum holdings. BitMine Immersion Increases Ethereum Holdings to 2.4 Million Tokens The company announced that it has purchased an additional 264,378 ETH, bringing its total holdings to 2,416,000 ETH. This amount corresponds to more than 2% of the total supply on the Ethereum network. This move by BitMine Immersion is interpreted as strengthening the company’s long-term strategic position in the crypto market. Ethereum stands out as the second-largest blockchain network, underpinning smart contracts and decentralized finance (DeFi) applications. Therefore, accumulating assets at this scale both increases…

Markets are ignoring a hotter-than-expected inflation report and instead turning their attention to the latest signs that the U.S. labor market is faltering — a shift in focus that points to growing concern about a deeper economic slowdown. Consumer prices rose a bit more than expected August, according to CPI data released Thursday by the U.S. Bureau of Labor Statistics. Both the headline rate of 2.9% and the core rate of 3.1% remain solidly higher than the Federal Reserve’s 2% target. Normally, that would suggest the U.S. central bank should hold off on interest rate cuts. But investors barely flinched…

Heurist, a decentralized AI cloud computing protocol, today announced a strategic collaboration with Oasis Protocol, a Layer-1 blockchain focused on privacy, scalability, and flexibility. Through this partnership, the Oasis network leverages Heurist’s confidential computing infrastructure to advance the capability of its data management and Web3 applications. Heurist is a decentralized AI-driven cloud computing network that collects computation resources from data centers and individuals. Through this approach, Heurist provides decentralized and cost-efficient serverless AI services to developers and users worldwide. On the other hand, the Oasis network is a Layer-1 POS blockchain designed to offer efficient and confidential smart contract execution,…

Almost half of all Ethereum Improvement Proposal 7702 (EIP-7702) authorizations by users involve crimes like phishing and draining of funds, according to research from market maker Wintermute. This is a far cry from Vitalik Buterin’s claim that its temporary smart contract functionality would give users “superpowers” with “guardrails.” Since May 7 this year, users have activated the feature 1,580,930 times, with Wintermute’s team tagging 768,275 or 48% of them as crime-related. Criminals might — subject to further investigation — have victimized thousands of people using this feature. EIP-7702 temporarily converts a user’s signing account into a smart contract wallet for…