Author: NBTC

NBTC

NBTC is the editorial account for NBTC News, covering Bitcoin, Ethereum, DeFi, blockchain infrastructure, exchanges, mining, regulation and digital asset markets. The editorial team focuses on clear sourcing, timely updates and practical context for crypto readers.

New Details Emerge on the Anticipated $1 Billion Solana (SOL) Purchase

RegulationOct 1

Kyle Samani, managing partner of cryptocurrency fund Multicoin Capital, is expected to take over as president of a planned new digital asset treasury firm under the name Solana, three sources familiar with the matter confirmed. According to Bloomberg, Multicoin plans to form a Solana Digital Asset Treasury (DAT) with approximately $1 billion, along with Galaxy Digital and Jump Crypto. This structure is expected to be implemented through the acquisition of a public company, which has yet to materialize. Samani's transition to the chairmanship of this new structure could answer the frequently asked question in the crypto community, “Who will be…

Will today's 1pm joint meeting change Bitcoin rules?

LegalOct 1

The Securities and Exchange Commission and the Commodity Futures Trading Commission host a joint roundtable on regulatory harmonization for digital assets today from 1 to 5:30 P.M. ET, streamed on SEC.gov. Opening remarks will come from SEC Chair Paul S. Atkins and CFTC Acting Chair Caroline D. Pham, with closing remarks from SEC Commissioner Hester M. Peirce, and the agenda brings executives from Intercontinental Exchange, CME Group, and Nasdaq together with Kraken, Polymarket, and Kalshi. In a joint statement earlier this month, Atkins and Pham framed the effort as a move to give markets clarity, saying, “It is a new…

3 Reasons Ethereum’s (ETH) Bull Run Isn’t Over Yet

EthereumOct 1

TL;DR Despite bleeding out lately, Ethereum continues to show bullish signals. Some analysts see recovery hinging on ETH reclaiming $4,200, while others lean bearish, eyeing a slide to $3,500 unless support holds. Are the Bulls Coming Back? Ethereum, which was at the forefront of gains this summer, briefly plunged below $4,000 earlier today (September 25) amid an ongoing red wave passing through the entire crypto market. It later surpassed the psychological level but remains 12% down on a weekly scale. Despite the negative performance, three crucial factors signal that a resurgence could be on the way. The first one is…

Nasdaq puts $132 billion crypto treasury rush on hold with surprise vote rule

RegulationOct 1

Nasdaq will require shareholder votes before stock issuances used to buy crypto. Strategy shares fell on the news but have clawed back 3% in pre-market trading. The added checkpoint lands directly on a fast-growing playbook in which public companies sell equity or convertibles, then purchase tokens for their balance sheets. The review complements existing listing standards. Nasdaq’s Rule 5635 already requires shareholder approval in several situations, including private placements that reach the so-called 20 percent threshold and certain change-of-control or acquisition structures, as codified in the exchange’s rule text filed with the SEC and related guidance. Nasdaq’s enforcement arm also…

WazirX Files Legal Submission in Line With Singaporean High Court’s Instruction

LegalOct 1

WazirX, the Indian cryptocurrency exchange that suffered a major hack in July 2024, has filed a legal submission in line with the Singaporean High Court’s instructions. In its latest post, the exchange confirmed that it filed the submission on Friday, September 26, meeting the deadline set in the ongoing matter. This filing came as part of a broader schedule, where opposing creditors were ordered to submit corrected affidavits by September 19, Zettai Pte Ltd was directed to respond by September 22, and all parties were required to lodge their final written submissions by September 26. 📢 Update on Singapore proceedings…

ETH dips below $4,000, sparks heavy liquidations as REX-Osprey debuts staking Ether ETF

EthereumOct 1

Ethereum's dip below $4,000 triggers over $400 million in futures liquidations, the second time in five days. REX Shares has launched the first Ethereum staking ETF in the United States. ETH eyes a bounce off the 100-day SMA after losing the $4,000 critical support level. Ethereum (ETH) is declining below $4,000 on Thursday, accelerating liquidations among holders of long positions on ETH futures. Long liquidations surged above $400 million for the second time in four days as prevailing bearish sentiment in the crypto market continues to weigh on Ethereum. The decline comes after FXStreet noticed ETH funding rates flashed negative…

Gold, Crypto or Stocks? Key Difference Revealed, And It Is Brutal for Bitcoin

RegulationOct 1

When markets feel the heat, the contrasts between them become clear right away. Popular crypto analyst Will Clemente perfectly highlighted this gap amid the latest shake out. The fact is that gold has central banks that rush to add to reserves, and stocks are cushioned by pension and sovereign funds that love to compound, but crypto has none of that. The only names associated with it on public markets are the ones that crash at the same time as the coins themselves. Bitcoin dipped to around $110,700 today on a U.S. jobs data mess, but the companies most exposed to…

Burwick Law wants Jito Labs dropped from Pump Fun lawsuit

LegalOct 1

Jito Labs and two of its execs are to be dropped from Burwick Law’s Pump Fun lawsuit “without prejudice” after an agreement was reached with Plaintiffs following the leak of 5,000 chat logs. Law firms Burwick and Wolf Popper, representing plaintiffs Diego Aguilar, Kendall Carnahan, and Michael Okafor, informed Judge Colleen McMahon on Friday that their claims against Jito Labs, the Jito Foundation, CEO and COO Lucas Bruder, and Brian Smith should be dropped. The letter doesn’t mention why the plaintiffs and Jito Labs reached this agreement, and Judge McMahon has yet to approve the order. However, a request to…

Abu Dhabi Raises Penalties to Dh100,000 for Farms Hosting Crypto Mining

MiningOct 1

Abu Dhabi’s Agriculture and Food Safety Authority (ADAFSA) announced a new enforcement regime that fines farms Dh100,000 if cryptocurrency mining is detected on agricultural land, doubling that amount for repeat offenders. Violators will also lose access to government support, face power cuts, and see mining equipment confiscated. The crackdown comes after inspections found multiple farms misused for energy-intensive crypto operations. Related: Abu Dhabi Now Accepts Stablecoin Payments for Court Fees Ban confirmed: mining no longer tolerated on farmland Violators now face a fine of Dh100,000, and repeat offenders will see penalties doubled. Additionally, non-compliant farms will lose access to all…

Legacy Users ‘Not Forgotten’ as OpenSea Balances Newcomers, OGs Ahead of Token Launch: CMO Hollander

NFTOct 1

Once the face of non-fungible tokens (NFTs), OpenSea is in the middle of a reinvention. The marketplace that helped turn digital collectibles into a global craze is now trying to position itself as a Web3 home where users can seamlessly trade not just NFTs but also tokens and, eventually, a broader range of DeFi activity and other on-chain assets. Earlier this year, OpenSea announced that it would be coming out with a SEA token, creating much anticipation around what the token would be used for and what the platform would become. Little is known about the token, but OpenSea’s CMO…