Author: NBTC

This weekend on crypto social media, memecoin traders spun yet another fantastic tale of leveraged trading meltdown. According to the still-being-written legend, crypto exchange MEXC locked $3 million belonging to famed crypto trader The White Whale. As he continued to amass money from leveraged trading despite the freeze, he claimed that he’d become so wealthy that if MEXC ever unfroze the funds, he’d give away the proceeds to the community. Then, on October 10, HyperLiquid liquidated $63 million of his then-larger assets amid a contentious pricing print from a data oracle. Though briefly devastated, MEXC eventually agreed to unlock his…

The Republic of the Marshall Islands announced that it would allow citizens to access funds through a government-issued digital asset as part of the nation’s Universal Basic Income (UBI) program. In a Wednesday announcement shared with Cointelegraph, the government of the island nation said it had launched a digital wallet called Lomalo, which will utilize the US dollar-pegged stablecoin USDM1 to enable citizens to access the UBI program. According to the government, the first disbursement of funds will occur in late November, allowing citizens to access them through their wallet, by physical check, or via direct deposit. “By introducing a…

A global shift in crypto regulation is underway, with banks, stablecoins, and Asia’s financial hubs positioned to drive the next phase of policy development, according to Elliptic’s Global Crypto Regulation Review 2025, released Thursday. The annual report says governments this year focused on “moving away from enforcement-led approaches” and on constructing comprehensive frameworks that prioritize innovation, marking a clear departure from years of regulatory hostility. The shift was most visible in the U.S., where President Donald Trump declared crypto leadership “one of his top policy priorities” and oversaw the passage of the GENIUS Act, the country’s first federal stablecoin framework.…

Tensions between blockchain platform Mantra and crypto exchange OKX are rising after Mantra accused the exchange of posting incorrect information about its token migration. In a Monday X post, Mantra CEO John Patrick Mullin urged users of centralized cryptocurrency exchange (CEX) OKX to withdraw their Mantra (OM) tokens and cut their “dependency” on the platform. “Users should consider withdrawing their OM tokens from OKX[…]. Avoid OKX Exchange Dependency: Complete migration without relying on potentially negligent or malicious intermediaries,” said Mullin. His warning came in response to a Friday announcement from OKX about supporting the incoming OM token migration. Source: JP…

Onfolio Holdings has secured up to $300 million in financing through a convertible note facility with a US-based institutional investor. The company will deploy the capital across Bitcoin, Ethereum, and Solana, moving away from the one-digital-asset-only approach favored by some corporate treasuries. Onfolio says the raise strengthens its balance sheet and long-term growth strategy, as it gives it a pool of capital intended to fund crypto purchases, staking activity, and acquisition-led expansion across its portfolio of cash-flowing online businesses. Onfolio’s long-term facility is about digital asset yield The company will receive $6 million in gross proceeds at the initial closing…

Paul S. Atkins, Chairman of the U.S. Securities and Exchange Commission (SEC), announced that the agency’s Crypto Task Force will hold an important meeting next week. The comprehensive event, titled “Crypto Task Force Roundtable on Financial Oversight and Privacy,” will take place on Monday, December 15, 2025, both in person and live-streamed on the SEC’s official website. The roundtable will begin at 9:00 PM (UTC+3) with opening remarks from senior SEC officials. SEC Crypto Task Force Chief of Staff Richard B. Gabbert, SEC Chairman Paul S. Atkins, Member Mark T. Uyeda, and Member Hester M. Peirce will discuss the agency’s…

Kraken has partnered with Avelacom to give institutional clients faster access to its trading systems, aiming to appeal to firms using latency-sensitive strategies in digital asset markets. The deal connects Avelacom’s network directly to Kraken’s matching engine. The setup allows professional traders to receive market data and execute orders more quickly, enabling strategies such as cross-exchange arbitrage and liquidity aggregation. Low-latency connection for Kraken clients In an announcement on Monday, Kraken said clients using the integration can expect real-time price updates with minimal delay and improved execution consistency. [#highlighted-links#] The exchange called the upgrade part of its effort to meet…

Two totally unrelated storylines collided into one big question across Crypto Twitter: Why is the market turning green again? Spoiler: It’s not because Congress is releasing the Epstein files — but that headline didn’t hurt the chaos. House Votes 427–1 to Release Epstein Files: Market Reacts, but Not How You Think In one of the most lopsided votes in modern history, the US House of Representatives voted 427–1 to force the Department of Justice to release the long-sealed Jeffrey Epstein files. The bipartisan bill, co-sponsored by Rep. Thomas Massie and Rep. Ro Khanna, now heads to the Senate. BREAKING: US…

A cross-party coalition of U.K. lawmakers has called on Chancellor Rachel Reeves to step in and ensure Britain’s regulatory framework for stablecoins doesn’t stifle innovation or drive capital overseas, warning that the Bank of England’s current proposals risk risks undermining the City of London’s appeal as the global financial hub. In a letter dated Dec. 11, 2025, addressed to the Chancellor and signed by prominent MPs and peers including Sir Gavin Williamson, Viscount Camrose, and Baroness Verma, the group said that stablecoins, or digital tokens pegged to an external reference such as traditional fiat currencies, are fast becoming a pillar…

American cryptocurrency exchange Kraken is freshly flush with cash, thanks to an $800 million funding round announced Tuesday. Kraken said it secured the funding across two tranches. The primary investment was led by major institutional players including Jane Street, DRW Venture Capital, HSG, Oppenheimer Alternative Investment Management, and Tribe Capital, with additional backing from Kraken Co-CEO Arjun Sethi’s family office. A separate $200 million strategic investment from Ken Griffin’s Citadel Securities was agreed upon at a $20 billion valuation, the company said. In July, The Information reported on a planned $500 million fundraise at a $15 billion valuation, but the…