Author: NBTC
Huobi (HTX) is publicly listing World Liberty Financial World Liberty Financial($WLFI), a high-profile decentralized finance (DeFi) project funded by members of the Donald Trump family. Deposits in the form of $WLFI began trading today, August 29, 2025, at 18:00 UTC+8 (05:00 PM IST), and will commence trading on September 1, 2025. Project Overview World Liberty Financial is an emerging company that seeks to combine both traditional finance (TradFi) and decentralized finance, providing both retail and institutional investor opportunities. Two basic tokens will make the ecosystem work: $WLFI – Governance token that grants voting rights in future. USD1 – A 1:1…
Crypto exchange Gemini filed an updated registration statement for its initial public offering effort, sharing a few more details in its push to become a publicly traded firm. Goldman Sachs (GS), Citigroup (C), Morgan Stanley (MS) and Cantor acting as lead bookrunners on the IPO, Gemini said in a press release Friday. Evercore ISI, Mizuho, Truist Securities, Cohen & Company Capital Markets, Keefe, Bruyette & Woods, Needham & Company and Rosenblatt are also acting as bookrunners, the company said. Academy Securities and AmeriVet Securities are acting as co-managers. The S-1 published on Friday follows a confidential filing submitted to the…
Two former executives from defunct crypto lender Cred LLC have been sentenced to a combined 88 months in federal prison for their roles in a wire fraud conspiracy. Summary Cred’s ex-CEO and CFO get 88 months for defrauding 6,000+ customers of $140m Executives misled clients after COVID-19 crash exposed Cred’s risky strategy Cred’s bankruptcy left over $1b in losses by today’s crypto valuations The conspiracy left over 6,000 customers with more than $140 million in losses. Senior U.S. District Judge William Alsup sentenced co-founder and former CEO Daniel Schatt to 52 months behind bars. Former CFO Joseph Podulka received a…
In a significant move bridging the gap between traditional finance and the decentralized world, leading cryptocurrency ETP issuer 21Shares has announced the launch of its innovative Hyperliquid ETP. This groundbreaking product is set to trade on the highly reputable SIX Swiss Exchange, marking another milestone for institutional access to novel crypto assets. What is the Hyperliquid ETP and Why Does It Matter? The newly launched Hyperliquid ETP (Exchange Traded Product) is designed to provide investors with exposure to Hyperliquid (HYPE), a dynamic decentralized perpetual exchange. Hyperliquid stands out in the DeFi landscape for its high-performance trading environment, offering users a…
The crypto sector in the United Arab Emirates (UAE) is on track to become its second-largest industry in the next five years, due to the country’s regulatory policies and attractive business environment, according to Chase Ergen, a board member of publicly traded digital asset investment firm DeFi Technologies. “They have a reputation for leadership, legislation, and community,” Ergen told Cointelegraph in an interview. He also predicted: “They sell oil, that’s their main business. I think their second-biggest business is going to be the blockchain industry in the next five years. This will start to be double-digit parts of the economy.”…
A Florida man sentenced to 47 years in prison last September for orchestrating a string of violent home invasions against crypto owners received additional punishment last week, awarded extra time for attacking a witness, according to the U.S. Justice Department. Remy St Felix, 25, was sentenced to another seven years in prison for attacking a witness who testified to his involvement in the sweeping home invasion scheme, in which some crypto owners were assaulted and bound with zip ties, authorities said in a press release. St Felix approached the witness, who was shackled and handcuffed, in a North Carolina-based detention…
VivoPower is deepening its collaboration with Crypto.com by introducing a new shareholder benefits program that rewards investors with XRP tokens. Summary VivoPower shareholders who sign up on Crypto.com via an exclusive link can receive a $100 bonus in XRP tokens. Crypto.com now serves as VivoPower’s official custodian, providing secure, institutional-grade storage for its XRP assets. Nasdaq-listed VivoPower has announced an expansion of its partnership with Crypto.com, unveiling a new shareholder benefits program designed to incentivize VivoPower shareholders to engage with the digital asset ecosystem. Under the program, shareholders who sign up as new users on Crypto.com through an exclusive affiliate…
Capital requirements for banks from by the Basel Committee on Banking Supervision (BCBS), which crafts banking standards, create a “chokepoint,” designed to throttle the growth of the crypto industry, according to Chris Perkins, president of investment firm CoinFund. The current capital rules lower a bank’s return on equity (ROE), a critical profitability metric in banking, by forcing higher reserve requirements for holding crypto, making crypto-related activities too expensive for banks, Perkins told Cointelegraph.“It’s a different type of chokepoint, in that it’s not direct. It’s a very nuanced way of suppressing activity by making it so expensive for the bank to…
Former Governor of the People’s Bank of China, Zhou Xiaochuan, wrote an extensive article on stablecoins and digital payment systems, highlighting the limitations and potential risks of these assets. Key points highlighted in Zhou’s article include: Decentralization isn’t suitable for every financial service: Zhou noted that the notion that “every service needs to be decentralized” is overblown, and that account-based centralized management systems are still operating strongly. Technology is not a sufficient criterion: The success of payment systems depends not only on technical advantages but also on factors such as security and regulatory compliance. Market manipulation and investor risk: Stabilcoin…
The crypto market is going through significant increase in fundraising events in August 2025. As per the data from Phoenix Group, Story Protocol, 1Kosmos, and Sui are the top among the leading funding events that have taken place recently in August. In line with the crypto data and analytics platform’s latest X post, the respective investments highlight rising institutional interest in infrastructure, gaming, and decentralized identity protocols. The funding rounds raise the chances for the further growth of these projects amid the overall bullish momentum. MAJOR RECENT CRYPTO FUNDRAISING EVENTS#StoryProtocol $IP #1Kosmos #Sui $SUI #Shrapnel $SHARP #Transak #USDAI #Mesh #Mecka…