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Author: 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.

Ripple's tied Linqto has reached a settlement offer in today's bankruptcy hearing

Ripple’s investor and termed XRP lawyer, John E. Deaton, has announced a major win for the Linqto customers, which came out of a Texas bankruptcy court today. According to Deaton, the proposed $60 million debtor-in-possession loan has been cancelled. After filing for Chapter 11 bankruptcy in the US last month, Linqto devised a plan to use customer-owned shares as collateral for a $60 million loan. This brought an uproar to the customers already affected by the company’s bankruptcy. However, Deaton filed a formal request to the court asking the judge to impose a constructive trust to protect customers’ assets. REGARDING…

Regulation

Tornado Cash Devs Get $500K From Solana Policy Institute to Appeal Convictions

The Solana Policy Institute, a leading crypto lobbying group, announced Thursday it will donate $500,000 to aid the legal defenses of Roman Storm and Alexey Pertsev—developers of Ethereum coin mixing service Tornado Cash that were convicted of crimes in the United States and the Netherlands, respectively. Storm was convicted earlier this month in Manhattan for the crime of operating an illegal money transmitting business, and now faces up to five years in federal prison. Pertsev was sentenced to over five years in prison last year, after a Dutch court found him guilty of money laundering. The legal woes of both…

Legal

Auto Giant Unveils Impressive 153 BTC Haul

The cryptocurrency world is buzzing with news from Cango, the prominent Chinese auto trading service platform. This week, Cango unveiled an impressive milestone in its Cango BTC mining operations, successfully mining a total of 153.2 Bitcoin. This significant haul underscores the company’s growing presence and strategic commitment to the digital asset space. What Drives Cango’s Remarkable BTC Mining Success? Cango’s journey into large-scale Bitcoin mining began with a substantial investment. The company previously acquired a staggering $256 million worth of BTC miners from industry giant Bitmain. This strategic move signaled a clear intent to diversify its business model and tap…

Mining

Lombard Finance launches yield-bearing Bitcoin token LBTC on Solana with $1.5B backing

A new decentralized Bitcoin derivative by Lombard Finance will offers 1% APY while maintaining full BTC backing across bridge to Solana. Summary Lombard Finance will offer the yield bearing asset alongside Base, Sui and Ethereum offerings. Yield bearing on Solana in Bitcoin is the latest offering to bring the protocol’s $1.5 billion in capital to the layer 1. On Aug. 28, Lombard Finance officially launched LBTC, its yield-bearing Bitcoin token, on Solana (SOL), bringing the protocol’s $1.5 billion in circulating capital to a Bitcoin fusion with rival layer-1 Solana. How Lombard Finance’s yield-bearing Bitcoin will transform Solana deFi The SPL…

DeFi

PENGU token loses 20% in August amid Pudgy Party game launch

Pudgy Penguins’ native token slipped on Friday despite the project’s new title ranking among Apple’s top downloads. The PENGU (PENGU) token fell by nearly 4% on Friday, following the launch of Pudgy Party, a battle royale game released on Android and iOS, regardless the game recording over 50,000 downloads on the Google Play store and landing in the top 10 most downloaded games on Apple’s App Store. Pudgy Penguins is a popular non-fungible token (NFT) project in the crypto space. The project supplements its onchain digital presence with trading cards, plushy penguin-themed toys, video games and other physical merchandise. According…

NFT

Ethereum (ETH) ETPs See Record $2.9 Billion Weekly Inflow, Dwarfing Bitcoin

During the latest market correction, Ethereum absorbed the bulk of new inflows, reinforcing its growing dominance. Crypto Rover highlighted this trend on X, stating, “During this correction, money keeps flooding into $ETH. That tells you everything you need to know.” Data from the analytics platform Artemis confirms his point. In the past 24 hours, Ethereum has dominated both net bridge inflows (+$20 million) and stablecoin supply increases (+$200 million), while rival networks like Starknet and Base saw significant outflows. Similarly, Ethereum dominated stablecoin supply increases, with nearly $200 million added, far ahead of Tron and Aptos. Ethereum Inflows and Stablecoin…

Ethereum

Stablecoin Market Cap Crosses $288 Billion Mark – Tether Dominance Continues with 60% Share

The Stablecoin market has reached a new high, with its today’s market capitalization value crossing the $288.7 billion market. According to the latest data shared by PHOENIX, a crypto analytics firm, crossing this psychological mark emphasizes the critical role of stablecoins as a medium of liquidity in the crypto economy. Tether’s Reign – An Unmatched Dominance According to the August 19 data provided by PHOENIX, Tether continues to reign the Stablecoin market by capturing the biggest chunk of the market share. With a market capitalization value of $167.1 billion, USDT continues to dominate the market as the undisputed king of…

Regulation

DeFi Education Fund lobbies Congress to protect developers from regulatory crackdowns

The DeFi Education Fund has gathered 100 signatories for a letter to the US Senate seeking guarantees and protections for blockchain developers to avoid prosecution and regulatory crackdowns. The DeFi Education Fund collected 100 signatures for its latest letter to the US Senate. The voluntary body of blockchain projects and investors aims to popularize innovation, while also calling for favorable and detailed regulations. The fund continues to speak on behalf of over 100 organizations in the crypto space. A massive s/o to all our coalition partners and those in the industry offering support for protecting software developers. We speak with…

Legal

$68,753,451 XRP Stun Largest Korean Exchange as Price Drops, Here's What Really Happened

Prominent blockchain sleuth Whale Alert, which tracks large cryptocurrency transactions, has identified a massive XRP transfer worth tens of millions of XRP. The transfer was made from the largest cryptocurrency trading platform in South Korea, Upbit. However, additional details revealed by another on-chain tracker have shed light on the nature of this transaction. Meanwhile, the coin’s price has slipped over the past 24 hours, unable to stay above $3.08. 23,000,000 XRP on move The aforementioned data source published a tweet, spotting 23,000,000 XRP being moved from the biggest crypto exchange in South Korea, Upbit, to a wallet tagged as anonymous.…

Exchanges

Ethereum’s Real Strength Lies Elsewhere, Says Curve Finance

Ethereum (ETH) has managed to tap $4,600 level after this week’s market downturn. The latest recovery remains modest, as the leading altcoin gained a little more than 7% over the past week. Experts now argue, though, that September won’t bring flashy catalysts either. Don’t Expect Fireworks in September In a statement to CryptoPotato, Curve Finance said September is unlikely to bring a single “headline” catalyst. Instead, the team added that Ethereum’s importance lies in its role as the underlying infrastructure powering decentralized finance (DeFi). By calling it the “operating system of DeFi,” they added that even though the market has…

DeFi