Author: NBTC

A breakthrough for FTX creditors has emerged this week, as multiple claimants were officially verified under the separate Bahamas legal process, marking a long-awaited step forward. Creditor representative Sunil Kavuri confirmed the development on July 22, stating that those verified will be included in future distributions. FTX Bahamas: KYCGood news: Some FTX creditors have finally been verified in the Bahamas processThe record date has not been announced for the next distribution so those verified will be included pic.twitter.com/rAifeFw6BD — Sunil (FTX Creditor Champion) (@sunil_trades) July 22, 2025 The slow but steady progress in the Bahamas The process in The Bahamas…

Cryptocurrency analyst and trader Jason Pizzino is saying that Bitcoin (BTC) has more upside potential amid a weakening US dollar. In a new strategy session, Pizzino tells his 353,000 YouTube subscribers that the US dollar is likely to experience “further downside,” a factor that will benefit the price of Bitcoin. “I think this is good news for Bitcoin at this stage of the cycle… I’m counting on the US dollar continuing down. And in this stage of the cycle, where Bitcoin still heading up, I would still count on Bitcoin going up with the weakness in the US dollar.” Pizzino…

According to Coinbase director Conor Grogan, a total of 913,111 Ethereum (ETH) tokens are “lost forever” due to user error. The above-mentioned figure represents 0.76% of the entire ETH supply. At current prices, a total of $3.4 billion worth of ETH has been lost. Such user errors might include mistakenly sending ETH to non-recoverable addresses, smart contract mistakes, or failed multisig wallets. For instance, the Parity wallet, which was used by the Web3 Foundation, implemented multisig functionality, but the contract that governed access to these funds got destroyed. Roughly 306,000 ETH ($95 million at the time) ended up being frozen.…

“No member bank shall, directly or indirectly by any device whatsoever, pay any interest on any deposit which is payable on demand.” — Section 11(b) of the Banking Act of 1933 Money market funds — the world’s most boring financial product — terrified bankers as soon as they started to catch on in the 1970s. When interest rates soared beyond what banks were legally allowed to pay on deposits, money market funds, which faced no such restrictions, suddenly looked like a threat to the entire banking system. None other than Paul Volcker called money market funds a “regulatory arbitrage” that…

SharpLink Gaming (SBET), backed by Ethereum co-founder Joseph Lubin, announced in a new document filed with the US Securities and Exchange Commission (SEC) that it will raise $5 billion in new capital to increase its Ethereum acquisitions. SharpLink Gaming, traded on the Nasdaq Capital Market under the symbol “SBET,” has updated its existing offering agreement to increase its public offering from $1 billion to $6 billion. The newly filed prospectus supplement allows the company to sell an additional $5 billion of shares through AGP/Alliance Global Partners. The company reported selling approximately $720 million worth of shares under the previous agreement…

This is a segment from the Empire newsletter. To read full editions, subscribe. Crypto Week, in the end, was a roaring success. President Donald Trump signed the GENIUS bill at the end of last week, which not only means that he signed the first stablecoin-focused legislation into law, but it’s also quite a significant crypto milestone. But it’s not the end. There are still two other pieces of legislation making their way through the DC process currently: the CLARITY Act and the anti-CBDC bill. Paradigm’s Alexander Grieve explained on the Empire podcast this morning that he thinks GENIUS was “a…

EDX, which operates an institutional focused crypto exchange in the U.S. backed by the likes of Citadel, Fidelity and Virtu, has launched a global trading platform featuring perpetual futures, according to a press release on Tuesday. EDX International, based in Singapore, is offering trading in 44 cryptocurrency pairs, including bitcoin , ether (ETH), Solana’s SOL (SOL), and XRP , with initial liquidity provided by Virtu Financial, LTP, Hidden Road, and others. The exchange is for clients around the globe, excluding those in the U.S., with a particular focus on Asia-Pacific. The demand is coming from family offices and asset managers…

Bitcoin treasury giant Strategy has always been coy about naming its BTC custodians. But people outside the firm do know who they are. For starters, Strategy has repeatedly cited its “various custody arrangements”—there is no one exclusive custodian that’s holding onto its nearly $72 billion worth of BTC on the company’s behalf. A spokesperson for Coinbase confirmed it is one of Strategy’s custodians when asked by Decrypt—but stressed that MSTR has previously named Coinbase as one of its custodians. Strategy did not immediately respond to a request for comment from Decrypt on its decision to withhold the names of its…

Billionaire venture capitalist Peter Thiel has acquired a 9.1% stake in BitMine Immersion Technologies, a crypto infrastructure firm led by Tom Lee, founder and CIO of Fundstrat, according to a new SEC filing. Thiel, who reported shared voting and dispositive power over 5,094,000 shares, joins a growing list of institutional backers eyeing crypto-native companies not just for their mining capabilities, but for their increasing role as large-scale holders of digital assets. BitMine has positioned itself as a leading Ethereum treasury firm. On July 14, the company disclosed that its ETH holdings had exceeded 163,000 ETH, valued at approximately $500 million…

The price of XRP rose to a record high on Thursday, soaring past a seven-year-old milestone amid broader momentum for altcoins in the cryptocurrency market. The Ripple Labs-linked coin was recently changing hands around $3.41, rising more than 36% over the past week, according to crypto data provider CoinGecko. The previous record was $3.40, set all the way back in January 2018. Ethereum and Solana had also outperformed Bitcoin’s weekly 5.5% rise, meanwhile jumping 21% and 8%, respectively. The recent surge in XRP’s price has been enough for it to supplant Tether’s USDT as the third-largest digital asset by market…