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.

Gauntlet’s $2.3M contract renewal with Compound faces backlash

The renewal of Gauntlet’s $2.3 million contract with crypto lending platform Compound Finance is facing pushback for “economic underperformance” and “conflicts of interest,” among other criticisms. In a post to Compound’s governance forum, made in advance of Gauntlet’s own renewal proposal, Founder and CEO of AlphaGrowth, Bryan Colligan, recommended that Compound should “not rehire Gauntlet under the current model.” He made four main criticisms, accusing Gauntlet of having “operational gaps” and failing to maintain profitable collaborative programs with other platforms, in addition to the aforementioned “economic underperformance” and “conflicts of interest.” Read more: Compound DAO asleep at the wheel as…

DeFiSep 6

Tom Lee’s colleague says Ethereum bottom likely in next 12 hours before rallying toward $5,100

Key Takeaways Fundstrat's Mark Newton expects Ethereum to bottom near $4,300 within the next 12 hours, presenting a strong risk-reward setup. Ethereum's bullish outlook remains intact if it stays above key support at $4,067, with upside potential toward $5,400. Ethereum looks set to bottom near $4,300 within the next 12 hours before resuming its uptrend, said Mark Newton, Managing Director and Head of Technical Strategy at Fundstrat Global Advisors, in a recent note shared by Thomas “Tom” Lee. Resistance is expected near $5,100, according to Newton, with potential for Ethereum to reach $5,400–$5,450 on a breakout. Maintaining support above $4,067…

EthereumSep 6

CZ-owned Trust Wallet launches tokenized stocks and ETFs

Trust Wallet, the self-custodial crypto wallet owned by Binance co-founder Changpeng “CZ” Zhao, has integrated tokenized stocks and exchange-traded funds (ETFs) into its platform. After initially disclosing the plan to introduce real-world assets (RWAs) in June, Trust Wallet has launched tokenized versions of US stocks and ETFs for use around the globe, the company said in an announcement shared with Cointelegraph on Wednesday. The integration is carried out in collaboration with Ondo Finance, a major decentralized finance (DeFi) platform focused on RWAs, and the decentralized exchange (DEX) aggregator 1inch. “Integrating RWAs into self-custodial wallets is an important step in making…

RegulationSep 6

Binance CEO Richard Teng Heads to South Korea as Regulatory Scrutiny Rises

Richard Teng, CEO of Binance, is expected to visit South Korea next week, where he’ll spotlight the importance of user protection and regulatory compliance. He’ll speak at notable events such as the World Knowledge Forum and give a keynote at Cyber Summit Korea 2025, hosted by the National Intelligence Service. Teng’s Agenda During the trip, Teng plans to meet with regulators, law enforcement officials, and industry leaders to discuss cooperation on market transparency and user protection. His trip comes amid renewed efforts by South Korean authorities to formalize crypto regulation. Teng said ahead of his trip: “In a rapidly evolving…

LegalSep 6

Bithumb to compensate users affected by 100-minute outage

Bithumb will compensate users affected by a 100-minute service disruption on Tuesday. South Korea’s top five exchanges have reported 89 outages since 2018. Bithumb is already under scrutiny for misleading fees, security concerns, and risky lending practices. South Korean crypto exchange Bithumb will compensate users for a 100-minute outage that rendered the platform unusable late Tuesday. Bithumb said it would offer compensation to affected customers in accordance with the Korea Digital Asset Exchange Alliance’s guidelines, according to several local media reports. Notably, users who faced unexecuted low-limit buy orders and failed attempts to cancel low-limit sell orders that may have…

ExchangesSep 6

CreataChain Taps Btok to Advance Worldwide Web3 Connectivity

CreataChain, a popular interoperability-centered blockchain, has partnered with Btok, a Web3-based social networking entity. The partnership aims to merge the comprehensive blockchain-based social network of Btok with the cutting-edge Lunar Link technology of CreataChain to redefine Web3 connectivity. As CreataChain revealed in its official announcement on social media, the development is set to strengthen consumers across the globe with seamless cross-chain interaction. Additionally, this move is anticipated to play a critical role in fueling worldwide Web3 adoption. 🌟🤝🌐 Connecting Communities Across Chains We’re excited to partner with @Btok_official — the world’s leading blockchain social network with 25M+ users and integrations…

BlockchainSep 6

Lighter TVL Surges Above $350 Million

Decentralized perpetuals exchange Lighter is attracting increased inflows as it prepares to close its private beta phase and open to the public. The exchange crossed $350 million in total value locked (TVL) on Sept 3, and is at $375 million today, representing a 90% increase from the beginning of August. Lighter TVL - DeFiLlama While there is no set date for the public launch, the project posted on X on July 31, “Lighter Private Beta Ending Soon!”. Currently, the platform is gated by invite codes, which users receive based on trading activity and total points earned. Lighter also introduced pre-launch…

DeFiSep 6

Concerns Mount Over Ethereum Unstaking as Crypto Market Cap Takes a Tumble

The cryptocurrency market fell nearly 4% Monday, intensifying concerns over a surge in Ethereum (ETH) unstaking. On-chain data shows 1.18 million ETH are queued for withdrawal, the largest backlog in months. The delays highlight pressure on the Ethereum network. Normally, unstaking takes three to five days. Current applicants face up to 40 days. ETH Unstaking Surge ≠ Selling Pressure Unstaking does not automatically mean selling. Many holders may keep their ETH, waiting for higher prices or DeFi opportunities. Data from Dune Analytics indicates no strong link between unstaking volume and ETH price over the past 45 days. However, when withdrawn,…

EthereumSep 6

Bullish Gets Cautious Outlook from Compass Point

Wall Street banking and research firm Compass Point has initiated coverage of crypto platform Bullish (BLSH), the parent company of CoinDesk, with a neutral rating and a $45 price target. Despite a belief that Bullish’s lower fee structure could help it chip away at Coinbase’s (COIN) U.S. market share in the future, the analyst Ed Engel cited concerns about the timing as well as the stock's valuation. “We have a hard time seeing Bullish entering U.S. markets until Congress passes market structure legislation (i.e. the CLARITY Act),” Engel wrote. The CLARITY ACT, a bill aiming to clarify jurisdiction between the…

RegulationSep 6

Hayden Davis finally has access to $58M in USDC

Stablecoin firm Circle has unfrozen $58 million worth of USDC belonging to Hayden Davis two weeks after a temporary restraining order (TRO), issued as part of his LIBRA court case, was lifted. This means that Davis, who worked with Argentinian President, Javier Milei, to launch the scandalous LIBRA token, will have full access to do whatever he wants with these funds. Blockworks’ Senior Data Engineer, Fernando Molina, spotted Circle’s unfreezing today, and noted, “It is clear that Circle did not comply with the request from the Argentine justice system.” He added, “Despite the fact that the judge had authorized it…

LegalSep 6