Author: NBTC

Crypto Rover, a well-known crypto trader, sent a reminder that FTX is set to return over $5 billion to its creditors starting tomorrow, with the entire massive payout being made in stablecoins. There’s still some confusion on whether this is true or if the amount is correct, mainly because back in May 2025, there was a widely reported plan for FTX to distribute over $5 billion in stablecoins to creditors. Supposed to start on May 30, it would represent a substantial liquidity event. However, the exact amount wasn’t disclosed. More recently, the FTX Recovery Trust confirmed it will distribute $1.6…

Stephen Miran, the new member of the Fed Board of Governors, who was reportedly appointed by President Donald Trump because of his closeness to him, made remarkable statements about the US economy and monetary policy. Speaking to Bloomberg Television, Miran said he was not shy about offering different views from other members of the central bank and that there was only one condition that would change his thinking on the current inflation outlook. Fed Governor Stephen Miran said there’s only one scenario in which he could change his current positive inflation outlook: an unexpected, sudden rise in housing costs. Miran…

The U.S. Securities and Exchange Commission has opened the door for Ripple, Coinbase, and BitGo to act as qualified custodians for crypto assets. Summary SEC issued no-action letter on Sept. 30 Ripple, Coinbase, and BitGo qualify via state-chartered trusts Move expands institutional access to regulated crypto custody On Sept. 30, the SEC’s Division of Investment Management issued a no-action letter in response to a request from Simpson Thacher & Bartlett LLP. The guidance allows investment advisers to use state-chartered trust companies as custodians under the Investment Advisers Act of 1940 and the Investment Company Act of 1940. While not a…

Coinbase announced that it has updated its roadmap for crypto asset listings and that the Syndicate (SYND) token has been included in this plan. Binance Adds Syndicate (SYND) Token to Its Roadmap According to the company’s official statement, the commencement of trading of the asset in question will depend on the provision of market-making support and the full readiness of the necessary technical infrastructure. While Coinbase didn’t provide a specific timeline for the listing process to ensure transparency and security for investors, it did state that a separate announcement will be made regarding when trading will begin. This step demonstrates…

The stablecoin market cap surpassed the $300 billion threshold for the first time in history, marking a significant milestone in the rapid boom of widespread financial adoption. Summary The global stablecoin market cap has crossed over the $300 billion mark for the first time in history, led by Tether’s USDT dominance. While USD-backed tokens remain the largest share, new euro- and local currency-pegged tokens are emerging in Europe and Asia under evolving regulatory frameworks. According to data from DeFi Llama, for the first time in history, the global stablecoin market cap has surpassed $300 billion in just the span of…

The US government shuts down much of its operations after two sides of congress failed to reach an agreement on the funding bill. Approximately 750,000 federal workers will reportedly be left unpaid. What was the cause? Summary The U.S. government shut down on Oct. 1 after Democrats and Republicans failed to pass competing short-term funding bills. While the shutdown is not expected to directly harm crypto markets, it could delay key legislation like the Digital Asset Market Clarity Act. On Oct. 1, the US government decided to cease federal operations after Democratic and Republican lawmakers failed to reach an agreement…

A new report reveals that large-scale investors, classified as “whales,” account for over 90% of trading on South Korea’s centralized exchanges. While on-chain data has long suggested that crypto whales drive the DeFi market, analysts have now released the first objective statistics. These statistics shed light on the scale and patterns of whale investors on centralized exchanges. Whales Dominate the Market in South Korea The office of lawmaker Lee Heon-seung of the People Power Party released the data on Tuesday. The report defines the top 10% of users on each exchange as “whale investors.” It then measures their share of…

Although digital assets continue to attract record interest from institutional investors, traditional banks and corporations, venture capital activity in the sector has slowed notably since the first quarter. Galaxy Research’s latest VC report showed that crypto and blockchain startups raised a total of $1.97 billion across 378 deals in the second quarter. That represents a 59% decline in funding and a 15% drop in deal count compared to the previous quarter. According to Galaxy, it was the second-lowest quarterly total since Q4 2020. Researchers observed that the long-term correlation between Bitcoin’s (BTC) price and venture capital investment in the sector…

Roman Storm, co-founder of Tornado Cash, has asked a US federal judge to acquit him of his sole conviction for unlicensed money transmission and the jury’s hung counts for money laundering and sanctions violations, arguing prosecutors failed to prove he intended to help bad actors misuse the crypto mixer. According to legal documents filed on Sept. 30 and reviewed by Cointelegraph, Storm’s defense argued prosecutors failed to prove he intended to help bad actors use Tornado Cash This, according to the defense, would nullify the grounds for his conviction based on negligent inaction. “Storm and bad actors was a claim…

Binance has announced that it will be regulating margin trading and removing some trading pairs from the platform on October 2, 2025. According to the company’s statement, both cross margin and isolated margin pairs will be delisted as of 09:00 on that date. Binance Margin Removes Some Margin Trading Pairs on October 2nd The pairs to be removed include HMSTR/FDUSD, MEME/FDUSD, RVN/BTC and USUAL/BTC on the cross margin side, and MEME/FDUSD and RVN/BTC on the isolated margin side. According to Binance’s announcement, users will no longer be able to transfer assets to isolated margin accounts for these pairs via manual…