Author: NBTC

ArbitrumDAO has selected Franklin Templeton, Spiko, and WisdomTree as STEP 2 partners, allocating 35 million ARB to their tokenized U.S. Treasury offerings. The Arbitrum Foundation has announced that ArbitrumDAO will allocate 35 million ARB to tokenized U.S. Treasury offerings from Franklin Templeton, Spiko, and WisdomTree as part of the next phase of its Stable Treasury Endowment Program. Following a competitive request-for-proposal process that reviewed more than 50 applicants, the DAO approved the following allocations for STEP 2: 35% to Franklin Templeton’s FOBXX (tokenized as BENJI) 35% to Spiko’s USTBL 30% to WisdomTree’s WTGXX STEP is ArbitrumDAO’s flagship initiative to strategically…

Ethereum (ETH) faces a critical inflection point with two powerful catalysts converging on Wednesday, May 7. Traders are split on whether the “perfect storm” could spark a breakout or deepen recent price volatility amid mixed macro signals and waning confidence in Ethereum’s narrative. Ethereum Faces Volatile Crossroads: Pectra Upgrade and FOMC Converge The long-awaited Ethereum Pectra upgrade is only hours out. It is expected to introduce key enhancements such as EIP-7702 and a 2,048 ETH staking cap, improving Ethereum’s usability and efficiency. Combined with Fed Chair Jerome Powell’s potentially dovish tone, some believe this week could ignite a powerful rally…

After a strong 2024—where it posted $931 million in total commissions and $192 million in net profit—IPO-bound eToro now forecasts a lower Q1 net income between $56 million and $60 million compared to the same quarter last year, when it earned $64 million. Spending on Growth Hits Income The Israeli trading platform explained that the expected drop in net income was due to higher investment in marketing and growth. This was partly offset by a fall in share-based payment expenses. Adjusted EBITDA is also expected to be lower. eToro reported $87 million for the first three months of 2024, but…

Pudgy Penguins’ token, PENGU, has jumped to its highest level since February, rallying by more than 25% amidst a consistent rise in its NFT floor price over the past month. On May 8, the Pudgy Penguins (PENGU) token is leading the charge among meme coins as it is catapulted to its highest level since its January-February descent. Within the past week, it has become the highest gainer among Solana (SOL)-based meme coins, rising by over 28.6%. In the past month, the token has managed to skyrocket by more than 242%. On the meme coin leaderboard, it is currently ranked in…

Ledger users can now sell their crypto for fiat without leaving the company’s secure hardware wallet environment, thanks to a new integration with Web3 payments infrastructure provider Transak. The partnership expands beyond Transak’s existing on-ramp support to now include off-ramping for Bitcoin (BTC), Ethereum (ETH), USD Coin (USDC), and other assets directly within the Ledger Live app on desktop and mobile, crypto.news can exclusively report. The integration allows users in more than 100 countries to convert crypto holdings into their local fiat currency through bank transfers and other supported payment methods. This marks a significant upgrade to Ledger Live’s ‘Sell’…

CleanSpark, American Bitcoin mining company, announced its financial results for the second quarter of fiscal year 2025, reporting $181.7 million in revenue for the three months ended March 31. This marks a 62.5% increase from $111.8 million in the same quarter last year. Despite the revenue growth, the company reported a net loss of $138.8 million, or $0.49 per basic share, compared to net income of $126.7 million, or $0.59 per basic share, during the prior-year period. Adjusted EBITDA also declined to negative $57.8 million from $181.8 million a year ago. As of March 31, 2025, CleanSpark held $97.0 million…

David Bailey, CEO of BTC Inc., the owner of Bitcoin Magazine, is planning to launch a publicly traded bitcoin (BTC) investing company, The Information reported, citing people familiar with the matter. Bailey, who advised Donald Trump on crypto policy during his 2024 presidential campaign, is reportedly seeking $200 million through a private share sale and an additional $100 million in convertible debt to fund a small publicly traded firm to buy bitcoin. The company—whose name is not known yet—will merge with BTC Inc. and be named “Nakamoto” after bitcoin creator Satoshi Nakamoto, according to the people. The deal could be…

Ethereum cofounder Vitalik Buterin has outlined a key growth trend in the blockchain’s layer-2 (L2) protocols. The trend involves the frantic push to transition from Stage 0 to a higher-acclaimed class. This disclosure comes ahead of the Ethereum Pectra upgrade scheduled for May 7. Key stages in Ethereum L2 growth In a recent blog post, Buterin detailed the dynamics of the security council and outlined three key stages of Ethereum roll-up security: stage 0, stage 1 and stage 2. According to Buterin, the security council has full control at stage 0. The proof system is “advisory only” at this stage…

Hidden Road, a prime broker that focuses on crypto and traditional assets, which recently agreed to be acquired by Ripple, is opening an office in Abu Dhabi, according to two people with knowledge of the matter. The office will be led by James Stickland, a partner at the firm, said the people, who spoke on condition of anonymity because the matter is private. Hidden Road confirmed the plans. The company has received in-principle approval (IPA) from the Financial Services Regulatory Authority (FSRA) of ADGM, Hidden Road said in a press release shared with CoinDesk on Thursday. A member of the…

The leading Senate Democrat on a panel tasked with investigating corruption and mismanagement is scrutinizing U.S. President Donald Trump’s recent crypto activities and whether they’re part of a “pay-to-play scheme to provide access to the Presidency to the highest bidder.” Richard Blumenthal, the ranking Democrat on the Senate Permanent Subcommittee on Investigations — a panel housed within the Committee on Homeland Security and Government Affairs — wrote letters to Bill Zanker of Fight Fight Fight LLC and Zach Witkoff, a co-founder of World Liberty Financial on Tuesday, asking them a series of questions about the ownership and investment structure for…