Author: NBTC

Potentially taxable onchain crypto activity reached at least $457 billion globally in 2025, while international reporting rules may capture only a fraction of it, according to a new Chainalysis report. The US accounted for an estimated $112.6 billion of the total, while North America led all regions with $134.6 billion, followed by the European Union at $125.1 billion. The estimates include realized gains, income from activities such as mining, staking and lending, and crypto-denominated payments across six major blockchains, but exclude trading and other activity conducted within centralized exchanges. Chainalysis said transactions covered by the Organisation for Economic Co-operation and…

BitMart recently told its users that it is weighing a “potential restructuring and business resumption plan.” The company announced that it would begin winding down operations on July 26 and has since left many of its 12 million registered users waiting on their frozen funds. Will BitMart reverse its shutdown? BitMart recently posted a note, titled “Update Regarding BitMart’s Potential Restructuring and Business Resumption Plan,” on its X account. The note mentions the exchange’s announcement made on July 26 that it would be winding down its trading platform and thanked the community for its patience during the period. Cryptopolitan reported…

A strong surge in network activity on Robinhood Chain has driven daily transaction fees to record levels, significantly boosting revenue for the Arbitrum ecosystem. According to DeFiLlama data, Robinhood Chain generated approximately $3.75 million in daily fee revenue on September 1st, reaching an all-time high for the fourth consecutive time. This performance propelled Robinhood Chain to the top fee-generating blockchain network of the day. It is stated that 10% of Robinhood Chain’s fee revenue is shared with the Arbitrum Foundation. 80% of this share goes to the Arbitrum DAO, and the remaining 20% goes to the developer fund. Accordingly, just…

Bitcoin ($BTC) hit ten-day lows at Tuesday’s Wall Street open as $BTC price action followed a US stocks sell-off. Key points: Bitcoin price action reacts to contagion from an Asia stocks sell-off as it hits US markets. Chip makers are at the epicenter of the reversal with South Korea’s KOSPI Index closing the day down 10.8% Crypto long liquidations pass $500 million in 24 hours. Semiconductor giants fuel major Asia stock comedown Semiconductor-led losses from Asia spilled over into US trading. South Korea’s KOSPI Index finished the day down 10.8% in a single session, fueled by 14.8% losses for chip-maker…

The team behind digital art marketplace objkt may have found a surprisingly simple way to get people interested in collecting digital art again: put it inside a pack of trading cards. Kento, a new physical-digital collectible created by the objkt team, raised more than $100,000 on Kickstarter within its first 24 hours. By Thursday morning, the campaign had reached approximately $108,370 from 447 backers, equivalent to 2,000% of its original funding goal. The concept combines the familiar experience of opening collectible card packs with ownership of digital art. Kento’s first season turns 117 original works from 40 artists into physical…

In the cryptocurrency market, Bitcoin and Ethereum are trading in a narrow range ahead of the US Consumer Price Index (CPI) data release, while options traders are increasing their positions for a potential upward breakout. The market expects the inflation data to be decisive in Bitcoin’s exit from its current narrow trading range. Bitcoin has recently been fluctuating between $62,000 and $66,000, and investors believe that the CPI data could end the market’s search for direction. In particular, if inflation comes in below expectations, it is anticipated that expectations of interest rate cuts will strengthen, and demand for risky assets…

Solana-based on-chain reputation protocol SolanaID has announced it will wind down its operations, with its Hub, API, and the Solana Display Network scheduled to shut down on Sept. 30. The team behind the project, which issues the SOLID token, cited an inability to solve a critical growth challenge as the primary reason for the closure. Why SolanaID is shutting down In a statement posted on its official X account, the SolanaID team explained that the project faced a fundamental dilemma: without active campaigns, there were no rewards to offer users, but without sufficient user adoption, the project hesitated to launch…

President Donald Trump may be the most crypto-friendly leader the U.S. has had so far — but what would happen to Bitcoin if the Democrats were to get back in power? Well, it wouldn’t necessarily be bad, according to asset manager VanEck’s Head of Digital Assets Research, Matthew Sigel. Speaking on CNBC Wednesday, the analyst also said that contrary to what many believe, ex-President Joe Biden wasn’t anti-Bitcoin. Republicans have repeatedly blasted Democrats as anti-crypto. Regulators under ex-president Joe Biden cracked down on digital asset companies, filing various lawsuits. Good chatA Democrat White House can support Bitcoin: VanEck https://t.co/3Rh31555D2 —…

Ark Invest’s Director of Crypto Research, Lorenzo Valente, wants popular perp DEX Hyperliquid to acquire the Gemini exchange. According to Valente, Hyperliquid should take the recent positive signal from President Donald Trump and the CFTC to take its U.S ambition “one step further.” Acquire a regulated U.S. platform like Gemini and turn it into the de facto regulated HIP-3 and HIP-4 venue in the U.S. For roughly $450M, Hyperliquid could acquire Gemini’s entire U.S. regulatory stack, which I think could be worth ~$200M on its own. Valente noted that the protocol can fund the move by using about 7.9M $HYPE…

OpenZeppelin has launched new token standards for Starknet, enhancing transfer safety and functionality. This release includes the ERC-6909 multi-token standard and ERC-3156 flash loans. As a result, traders may benefit from improved asset management and security, which could influence future trading strategies. For more details, check the source. The Key Development The broader crypto market is currently reflecting mixed signals, yet Starknet stands out with the announcement of new token standards from OpenZeppelin. These updates, particularly the introduction of the ERC-6909 multi-token standard and ERC-3156 flash loans via ERC20FlashMint, could elevate user engagement on Starknet. The focus on safer transfer…