Author: NBTC
US Senators plan to consider a new version of a crypto market structure bill at the end of September, according to a person familiar with the matter who spoke with Blockworks under the condition of anonymity. The Senate Banking Committee is currently eyeing September 30 for a markup hearing of the Responsible Financial Innovation Act of 2025, the person said. The bill primarily focuses on clarifying the Securities and Exchange Commission’s role in overseeing crypto markets. The markup hearing gives Committee members the opportunity to present amendments to the bill for consideration. The Committee can then recommend the legislation to…
Solv Protocol, a financial services provider for bitcoin BTC$109,634.75 holders, has partnered with decentralized oracle network Chainlink to integrate real-time verification of Solv’s actual BTC reserves backing its liquid token, SolvBTC, directly into its price feed. This integration enhances transparency and builds greater trust for users. Unlike traditional price feeds that rely solely on market data, the new SolvBTC-BTC Secure Exchange Rate feed combines exchange rate calculations with real-time proof of reserves, delivering an on-chain redemption rate firmly anchored in verifiable collateral. Additionally, the mechanism features built-in upper and lower bounds based on reserve data, making it resistant to manipulation…
Michael Saylor, executive chairman at business intelligence firm Strategy, claims that the road is now “clear” for Bitcoin and the banking sector after the Federal Reserve ditched a crypto bank oversight program. The road is now clear for Bitcoin and banking. https://t.co/Kzu2ZKbz8m — Michael Saylor (@saylor) August 15, 2025 No special oversight The controversial program, which was launched back in August 2023, subjected those banks that want to experiment with cryptocurrency-related services or blockchain projects to heightened scrutiny. It was meant to control and contain possible risks associated with the mercurial sector with the help of focused oversight. Now, however,…
Eliza Labs and its founder, Shaw Walters, are suing Elon Musk’s X, claiming the company tricked them into handing over technical details about their AI tools, then banned them from the platform and launched copycat products. The lawsuit says X unfairly used its monopoly power, damaged Eliza’s reputation, blocked its access to customers and investors, and profited from Eliza’s innovations. Eliza Labs isn’t naming a dollar figure, but is asking the court to make X return its “ill-gotten gains,” pay for Eliza’s losses, and add treble damages and punitive damages on top. Eliza Labs is the company behind ElizaOS, an…
The cryptocurrency world is buzzing with excitement as a new player, the River stablecoin platform, has achieved an extraordinary milestone. In just two months since its launch, this innovative platform has seen its Total Value Locked (TVL) skyrocket past an impressive $600 million. This rapid ascent signals a significant shift in how users engage with stablecoins, offering simplified solutions and lucrative opportunities in the decentralized finance (DeFi) landscape. What Makes the River Stablecoin Platform So Revolutionary? The core concept behind the River stablecoin platform is “stablecoin abstraction.” This means it aims to simplify the complexities often associated with managing various…
U.S. stocks opened largely positive on Friday, with the Dow Jones Industrial Average rising 250 points and the S&P 500 adding 0.3% as Wall Street targets a winning week. Summary Stocks traded higher on Friday as S&P 500 and Dow Jones Industrial Average rose. Risk assets soared after latest retails sales data. While stocks slipped on Thursday amid jitters around the Federal Reserve and interest rate scenario, the outlook on Friday signaled renewed optimism. The Dow Jones Industrial Average climbed 250 points, or 0.6% and the benchmark index S&P 500 added 0.3%. The Nasdaq Composite hovered near the flatline. Notably,…
Ukraine has been losing billions of U.S. dollars in budget revenues as a result of crimes related to cryptocurrencies, a new report has indicated. Proper crypto oversight can help the war-torn country’s government to recover some $10 billion or more, according to a quoted estimate. Criminals take advantage of Ukraine’s crypto Wild East From corrupt officials to ordinary criminals, and even the Russian military – many are exploiting Ukraine’s unregulated crypto market for their own benefit and purpose, reveals a study carried out by the U.K.’s leading defense and security think tank. The findings in the report by the Royal…
Aave Horizon has surpassed $50 million in deposits within days of its launch, while early borrowing activity has already reached $6.2 million, primarily in USDC. Summary Aave Horizon has surpassed $50 million in deposits just days after launch, dominated by RLUSD and USDC. Borrowing activity is still modest at $6.2 million, with nearly all loans taken in USDC. Just days after launch, Aave Labs’ institutional lending platform Horizon has already surpassed $50 million in deposits. While borrowing activity remains modest at around $6.2 million, the rapid inflow of liquidity highlights growing institutional interest in tokenized assets and on-chain credit markets.…
An Indian court has sentenced a former legislative assembly member of the Bharatiya Janata Party (BJP) to life in prison for his involvement in a high-profile bitcoin extortion plot. Nalin Kotadiya and thirteen other individuals were convicted for the 2018 kidnapping of a Surat businessman and extorting 200 bitcoins from him. Life Sentences in 2018 Extortion Case A local court in Ahmedabad delivered today’s verdict, concluding the high-profile case that dates back to 2018. Fourteen people, including former BJP legislative assembly member Nalin Kotadiya and ex-Indian Police Service officer Jagdish Patel, were found guilty and sentenced to life in prison.…
Prediction market protocol Myriad has passed $10 million in USDC trading volume with over half a million users, as it builds on its mission to make information itself a tradable asset class. The protocol’s rapid expansion is “building the rails for prediction markets to evolve beyond a niche crypto product and become an entirely new segment of DeFi,” Loxley Fernandes, co-founder and CEO of Myriad, said in a statement shared with Decrypt. “Financial markets have always been about speculation, but Myriad is turning speculation into a product,” Fernandes said, adding that Myriad’s success demonstrates that “trading ideas and forecasts is…