Author: NBTC

Stablecoin-focused blockchain startup Plasma’s new on-chain yield program with crypto exchange Binance attracted $250 million in deposits on Wednesday, reaching the facility’s limit in less than an hour. Crypto investors flocked to the offering to get their hands on the hyped-up chain’s native token XPL being offered as rewards. The offering, called the Plasma USDT Locked Product, was opened on Wednesday at 12:00 UTC on Binance Earn, allowing users to deposit USDT to get daily USDT rewards. Alongside the yield, participants will share in a 100 million XPL token airdrop, equivalent to 1% of total supply, after the protocol’s token…

As Ethereum’s (ETH) price tears past major resistance levels, global interest in purchasing the asset has surged over the past month, jumping nearly 20-fold. On July 13, search interest stood at just 5 on Google’s scale of 0 to 100. By August 13, it is projected to hit 100, the highest level in at least a year, marking a 1,900% increase, according to Google Trends data retrieved by Finbold. Geographically, the United Arab Emirates recorded the highest interest with a score of 100, followed by New Zealand (92), India (62), Australia (42), and the United States (38). It’s worth noting…

US President Donald Trump is reportedly considering four people to replace Federal Reserve Board of Governors member Adriana Kugler after her resignation becomes effective on Friday. According to a Thursday Reuters report, Trump was weighing economic adviser Kevin Hassett, former Fed governor Kevin Warsh and two other people to replace Kugler by the end of the week. Whomever Trump nominates and is confirmed by the US Senate would have significant influence over the country’s monetary policy, including federal interest rates. Hassett, also director of the National Economic Council under Trump, disclosed holding a stake in Coinbase Global worth between $1…

The Securities and Exchange Commission (SEC) has secured nearly $4 million from the widow of a deceased investment adviser who ran a Ponzi scheme that defrauded more than 50 investors out of $29 million over an 11-year period. The scam was so effective that it continued to operate for a while even after its creator’s death. Wendy Swensen agreed to pay $3.8 million in a settlement reached July 31, marking the conclusion of a case involving her late husband Stephen Swensen’s fraudulent investment operation. The money will go directly to harmed investors through a court-appointed receiver. Stephen Swensen died in…

Binance announced that it will list new trading pairs on the spot market in an effort to enhance user experience and diversify trading options. Binance Announces New Trading Pairs and Trading Bots Services According to the exchange’s announcement, CYBER/USDC, MAV/USDC and SKL/USDC trading pairs will be available for trading on Binance Spot as of August 19, 2025, at 11:00 CEST. Binance will also launch Trading Bot services for these trading pairs on the same date and time. As part of this feature, Spot Algo Orders will be available to users on the CYBER/USDC, MAV/USDC, and SKL/USDC pairs. This will allow…

Riot Platforms, a major player in the Bitcoin mining industry, recently made a significant announcement. The company sold over 11.1 million shares of rival miner Bitfarms for a substantial $15.1 million. This strategic move, initially reported by TheMinerMag, immediately caught the attention of market observers and industry participants alike. It represents a notable shift in the relationship between these two prominent entities. This share divestment reduces Riot Platforms‘ ownership stake in Bitfarms to below the crucial 5% disclosure threshold. This development follows a period of intense corporate maneuvering. Previously, Riot Platforms had attempted a full takeover of Bitfarms, a move…

The crypto market was a sea of green early Wednesday, with altcoins including OKB, PUMP, BNSOL, JITOSOL and SOL chalking out double-digit gains alongside ether’s rapid surge toward record highs. “Bitcoin rose by a modest 0.4% during the day and remains 2% below the levels of 30 days ago — clear evidence of the market’s switch to altcoin-mode,” Alex Kuptsikevich, the chief market analyst at the FxPro said. “We suspect that investors are selling the first cryptocurrency to finance purchases of altcoins. And it is hardly reasonable to talk about a reversal in sentiment, given the rally in altcoins and…

U.S. President Donald J. Trump has signed a new Executive Order to expand access to alternative assets for 401(k) retirement plan investors. With this move, Trump took a significant step towards fulfilling his promise to make the United States the “crypto capital of the world,” according to a document published by the White House. The executive order signed today allows contribution-based retirement plans like 401(k)s to invest in alternative asset classes, such as cryptocurrencies, private equity funds, real estate, and more. This will allow investors to achieve greater returns and diversification beyond traditional market instruments. The executive order directs the…

President Donald Trump’s nominee for the Commodity Futures Trading Commission (CFTC) top seat, Brian Quintenz, saw a vote at the US Senate to greenlight his appointment delayed in July 28. He has now turned to the crypto industry for backing as his Senate confirmation process stalls, according to people familiar with the matter. Quintenz was nominated for the chairman position in February this year, but his Senate Agriculture Committee vote was abruptly called off after the White House requested a delay in the voting process, as stated in a previous report by Cryptopolitan. With the Senate now in recess, no…

Vilnius, Lithuania, August 13th, 2025, Chainwire BTCC, one of the world’s longest-serving crypto exchanges, welcomed 2023 Defensive Player of the Year and 2x NBA All-Star Jaren Jackson Jr. as its global brand ambassador. As a phenomenal shot blocker and leader on the court for the Memphis Grizzlies, Jaren Jackson Jr. is set to partner with BTCC and the world of crypto. With BTCC’s first-ever sports sponsorship, the partnership marks a significant step in BTCC’s efforts to bring cryptocurrency closer to mainstream audiences and leverage the influence of world-renowned athletes to expand its global user base. The collaboration will focus on…