Author: NBTC

Decentralized finance (DeFi) protocol Arcadia Finance has been hit with a nearly $3.5 million attack on the Ethereum Layer-2 network called Base, according to blockchain security firm Certik. The attack occurred on the Ethereum Layer-2 network. Arcadia Finance Suffers $3.5 Million DeFi Attack on Base Network Certik first drew attention to the attack in his statement today: We detected multiple suspicious transactions on Base. The attacker stole approximately $1.6 million from Arcadia Finance. This is believed to have been done through arbitrary use of swapdata via the Rebalancer contract. A few hours later, Certik announced that the attack was continuing…

Crypto detective ZachXBT is calling out Circle again, this time amid the company’s insane Wall Street debut. On X, Zach said: “Circle leadership does not actually care about the industry.” Circle’s IPO launched with below $40 price per share and exploded past $300 in just over a month. At its peak, the company was valued at nearly $80 billion. This isn’t Zach’s first fight with Circle or its CEO, Jeremy Allaire. He’s been on them for years, and the IPO only made him madder. Coinbase and Ripple were rumored to be eyeing an acquisition of Circle earlier in April, but…

On July 6, Max Crown, CEO of the TON Foundation, announced on X a groundbreaking initiative offering Toncoin holders the exclusive chance to secure a 10-year UAE Golden Visa. The program requires applicants to stake $100,000 worth of toncoin for three years and pay a one-time processing fee of $35,000. After the three-year lock-up period, staked funds can be unlocked, and during this time, applicants earn an estimated 3–4% annual percentage yield (APY) on their staked tokens. The TON Foundation’s website highlights several key benefits: fast approval within seven weeks from document submission, a simple process without the need to…

Corrupt politicians in Nigeria are using cryptocurrencies to hide and obscure illegitimate wealth, according to Ola Olukoyede, the Executive Chairman of the Economic and Financial Crimes Commission. Speaking at an event marking this year’s African Union Anti-Corruption Day, Olukoyede warned about the risks posed by the growing use of crypto, with a particular focus on investment fraud. Yet he also turned his attention to “rogue politicians,” who according to the EFCC are “linked” to the rise of cryptocurrency fraud in Nigeria. “Our findings showed that fraudulent politicians are already perfecting schemes and hiding their loot in cryptocurrencies to beat the investigative…

Crypto stocks suffered a red day on Friday, especially bitcoin BTC$108,755.81 treasury companies such as Strategy (MSTR) and Semler Scientific (SMLR) — each down roughly 6% even as bitcoin slipped only a bit more than 2%. Japan-listed Metaplanet is lower by 24%.The price action comes amid a continuing debate taking place on social media about the sustainability of Michael Saylor’s (and those copycatting him) bitcoin-vacuuming playbook. “Bitcoin treasury companies are all the rage this week. MSTR, Metaplanet, Twenty One, Nakamoto,” said modestly well-followed bitcoin twitter poster lowstrife. “I think they’re toxic leverage is the worst thing which has ever happened…

Funds offering exposure to Ethereum have been growing at a faster rate than Bitcoin counterparts, underscoring newfound demand for the asset, according to CoinShares Head of Research James Butterfill. Over the past 12 weeks, Ethereum-linked funds’ assets under management have grown 19.5% to $19.6 billion, he wrote in a report on Monday. The AUM of Bitcoin-linked funds’ has meanwhile increased 9.8% to $176 billion over the same period, he added. “People are preferring Ethereum over Bitcoin,” Butterfill told Decrypt. “Although the number is lower [for Ethereum] than Bitcoin, proportionally, it’s much more significant.” Renewed interest in Ethereum comes amid the…

As Ripple’s escrow program for XRP nears its end, the crypto community has been focused on this development. According to community analysis, the 36.4 billion XRP currently in escrow accounts could be fully released within the next six years. According to data from XRP analytics community XRPwallets, if Ripple continues to release 300 million XRP every month at its current rate, it will take 10 years for the entire supply to be depleted. However, if the monthly release amount is increased to 400 million XRP starting in 2026, this period could be reduced to 7.5 years, and if a more…

Washington’s “crypto week” erupted into a fierce partisan battle in Congress. Republicans introduced a trio of bills to reshape digital asset policy, only to face sharp pushback from Democrats accusing them of favoring corporate interests over everyday Americans. The proposed legislation, comprising the GENIUS Act, the CLARITY Act, and the Anti-CBDC Surveillance State Act, was introduced in the House of Representatives to address data privacy compliance and future digital currency systems. GOP lawmakers argue the bills are crucial to maintaining the US’s competitive edge in financial innovation. However, during a heated Rules Committee hearing on Monday, Democratic Rep. Jim McGovern…

For years, Bitcoin in Ireland has quietly simmered at the grassroots level—discussed in pubs and meetups, debated in Telegram groups, and occasionally splashed across headlines with predictable suspicion. But recently, the temperature is beginning to rise. With the release of “A Sound Punt: The Case for Ireland’s Interest in Bitcoin” by Bitcoin Network Ireland (BNI), and a weekend that sees both the Bitcoin Ireland Conference and Aontú’s Ard Fheis, it’s clear momentum is building on the Emerald Isle. A Sound Punt: A Paper for the Citizens of Ireland The new paper, released today by Bitcoin Network Ireland, is a concise,…

Ripple could benefit immensely as the Federal Reserve officially adopts ISO 20022 for FedWire, having already positioned itself with early compliance. Notably, the U.S. Federal Reserve today officially made the switch to ISO 20022 for its FedWire Funds Service. This represented an important step toward modernizing the country’s payment infrastructure. FedWire Switches to ISO 20022 Essentially, as of July 14, 2025, all financial institutions that use FedWire must now send and receive messages using the ISO 20022 format. The change follows an earlier delay from March 2025, which gave banks and service providers extra time to prepare for the transition.…