Author: NBTC
In a significant post-hack financial move, an address linked to the bankrupt FTX and Alameda Research estates executed a substantial liquidation of DRIFT tokens, selling 6.94 million units for approximately $320,000. This transaction occurred through the market maker Wintermute in the wake of the devastating $285 million exploit targeting the Drift decentralized finance protocol. The sale represents a dramatic devaluation from Alameda’s initial acquisition, spotlighting the cascading financial repercussions of major security breaches in the cryptocurrency sector. FTX and Alameda’s DRIFT Liquidation Details Blockchain analytics firm EmberCN first identified and reported the transaction. The sale involved a wallet address historically…
Cysic open‑sources its Venus zkVM engine, recasting proof generation as a global computation graph and positioning ZisK inside Ethereum’s emerging EIP‑8025 proof market. Cysic has released Venus, a new open‑source zkVM compute engine that restructures proof generation around a global computation graph rather than a traditional hardware abstraction layer, positioning the company’s ZisK stack squarely inside Ethereum’s emerging L1 proof‑market debate. Announcing the move on X, Cysic described Venus as “built on top of ZisK” and said the system “abandons the traditional HAL model” in favor of a graph‑based representation of the entire proof pipeline. “This paradigm shift yields three…
Decentralized social platform Bluesky has disclosed that it had raised $100 million in a Series B round back in April 2025. Summary Bluesky disclosed a previously unannounced $100 million Series B round led by Bain Capital Crypto, with backing from multiple venture and institutional investors. The platform has grown its user base from 13 million to over 43 million since its Series A, alongside expansion of its AT Protocol ecosystem. According to the official announcement, the round was led by Bain Capital Crypto, while other notable investors include Anthos Capital, Bloomberg Beta, Knight Foundation, Alumni Ventures, and True Ventures. Bluesky…
Kraken, a well-known crypto exchange, has announced the launch of the spot trading service for the $OKB coin of the crypto exchange OKX on Friday. With the start of spot trading, the crypto exchange aims to expand its market access. As per BSCN, the spot listing of $OKB on Kraken enables a crucial gateway for retail and institutional investors looking for exposure to the token. Hence, the development utilizes $OKB for transfers, while also fortifying the developer community. 🚨JUST IN: KRAKEN LISTS $OKB FOR SPOT TRADING@KrakenFX has officially launched spot trading for $OKB, the native gas token of the @XLayerOfficial…
The Solana Foundation has launched an eye-catching advertising campaign in San Francisco, featuring a bold slogan that translates to “Don’t waste time with crypto.” The message, displayed on billboards across the city, might come across as skeptical of cryptocurrency at first glance. However, the foundation clarifies that the campaign is actually part of a broader effort to promote a positive perspective on digital currency and highlight the future intersection of blockchain and artificial intelligence. Solana’s vision for “invisible” blockchain technology Founded in 2020, the Solana Foundation is known for advancing the Solana ecosystem and promoting the adoption of decentralized applications.…
Gemini has been hit with a proposed class action in New York for allegedly misleading investors during and after the crypto exchange’s September initial public offering. The class action lawsuit filed by shareholders on Thursday in a Manhattan federal court against Gemini, its co-founders Tyler and Cameron Winklevoss, and company executives, claims they made misleading statements in the company’s IPO documents. Plaintiff Marc Methvin claimed that the documents portrayed Gemini as a growing crypto exchange focused on expanding its user base and international footprint, but made an “abrupt corporate pivot to a prediction-market-centric business model.” Gemini held its IPO in…
If the closing bell has long been a business model, then 24/7 trading is an attempt to break it. As the NYSE, Nasdaq, CME and Cboe race to introduce round-the-clock trading, the question is who stands to gain and who could lose. The answer is quite simple, Mati Greenspan, CEO and founder of Quantum Economics, told CoinDesk: “The biggest losers in 24/7 stock trading won’t be traders: they’ll benefit massively. It’ll be the middlemen who’ve long made money when traders can’t trade.” Greenspan, also a market analyst, alleged that when markets reopen after what he called a big event, “a…
DigiShares integrates Aptos to expand infrastructure for tokenized real-world assets. DigiShares, a leading provider of infrastructure for tokenizing real-world assets, today announced its integration of the Aptos blockchain onto the DigiShares platform. The integration enables issuers using DigiShares to launch and manage tokenized assets on the Aptos network, expanding the blockchain infrastructure options available to institutions and asset owners entering digital securities markets. DigiShares clients can issue and manage tokenized securities and other real-world assets on the Aptos blockchain while using DigiShares’ full tokenization platform. The platform supports investor onboarding, compliance management, cap table administration, dividend distributions, and lifecycle operations,…
It has been suggested that the US administration is considering additional military options against Iran in order to restore energy flows in the Middle East. According to reports citing sources close to the matter, Washington is reportedly keeping plans on the table to occupy or blockade Harg Island, one of Iran’s critical oil export points. The US administration believes this move could serve as leverage to force the reopening of the Strait of Hormuz. According to the same sources, a White House official stated that the US might plan military operations lasting approximately a month to weaken Iran, followed by…
Japan’s JVCEA Green List anchors crypto market expansion by enabling fast-tracked listings of more than 30 approved tokens under Financial Services Agency oversight, strengthening compliance standards while accelerating exchange access to major digital assets. Key Takeaways: JVCEA Green List spans 30+ tokens, with FSA backing enabling faster exchange listings. FSA and JVCEA alignment accelerates approvals, unlocking rapid growth for compliant crypto platforms. Japan’s Diet reforms push crypto into mainstream finance, positioning FSA-led markets for major expansion. Japan Crypto Regulation Advances With JVCEA Green List Framework Japan’s cryptocurrency market continues evolving as regulators and industry groups advance oversight frameworks alongside market…