Author: NBTC

Hermetica, a leading Bitcoin (BTC) stablecoin issuer, has expanded its partnership with Bitcoin Layer 2 (L2) network Stacks (STX), according to information shared with Finbold on Thursday, April 17. The partnership dates back to September of 2024, when the issuer first brought its synthetic dollar, USDh, onto the network. Hermetica then went on to raise $1.7 million in a seed funding round. USDh is entirely Bitcoin-backed and pegged to the dollar, allowing holders to earn a 25% yield. How Hermetica and USDh will bolster the Zest Protocol’s functionality This latest development will see the USDh mint process used for liquidations…

Securitize, one of the largest tokenized asset issuers, said on Tuesday it has acquired MG Stover’s fund administration business, making its subsidiary Securitize Fund Services the largest digital asset fund administrator. MG Stover’s team will now operate under Securitize Fund Services (SFS), enhancing the company’s institutional-grade offerings, the company said. With the acquisition, SFS now oversees $38 billion of assets under administration across 715 funds, including Securitize’s tokenized fund offerings such as BlackRock’s $2.45 billion tokenized U.S. Treasury fund (BUIDL). Securitize now offers an integrated suite of services: fund administration, token issuance, brokerage, transfer agency, and an alternative trading system…

Shibarium, the Ethereum-based Layer-2 scaling solution tied to the Shiba Inu ecosystem, has scaled past the 10,000 000 block milestone and looks set to attain another. Less than 30 days after setting the record of 10,000,000 blocks, Shibarium is set to add another half a million blocks. Shibarium ecosystem expansion According to data from Shibariumscan, the total block count currently stands at 10,306,430. This leaves it with just 193,570 blocks to reach 10.5 million. At the current pace of one block per 5.0 seconds, the protocol will likely hit the next major milestone of 10,500,000 blocks before the end of…

April 16, 2025 – Today marks a potentially pivotal moment in the crypto market as two high-stakes events unfold: the long-awaited conclusion of the Ripple vs SEC lawsuit and a key speech by Federal Reserve Chair Jerome Powell. Together, these developments could significantly influence investor sentiment and shape the near-term direction of crypto assets. Ripple vs SEC lawsuit Update After nearly a decade of legal wrangling, the Ripple vs SEC case may finally be over. April 16 was Ripple’s final deadline to file its appellate brief. With no extension granted, the only options were to either submit the filing or…

Cysic, a trailblazer in zero-knowledge hardware acceleration, has announced an exclusive collaboration with ElectronZK, a prominent proof aggregation platform. The partnership aims to enhance scalability, cost-efficiency, and speed of ZK proof mechanisms, denoting a landmark development for wider decentralized technology and Web3 sector. The platform disclosed this endeavor on its official social media account. 1/ 🌟 Huge news for the ZK ecosystem! 🌟Cysic is proud to announce our partnership with @ElectronZK to revolutionize proof aggregation!Our advanced ASICs will power their mission for faster, more efficient proof generation. 🧵👇 pic.twitter.com/HQ7IlZGzhF — Cysic (@cysic_xyz) April 15, 2025 Cystic Joins Forces with ElectronZK…

As of the time of writing, nearly 5 million Bitcoins (BTC) are being held at a loss, representing almost a quarter of total supply. Data retrieved by Finbold from market intelligence platform CryptoQuant on April 8 reveals that 24.8% of the digital asset’s supply is currently in the red. To put that into perspective, that percentage equates to a staggering 4,922,580 BTC, a quite significant portion of Bitcoin’s capped supply of 21 million. So, how much is that supply currently being held at a loss worth? Accordingly, the 4,922,580 Bitcoins being held at a loss are currently worth roughly $388.95…

Eliza Labs is launching auto.fun, a no-code platform that enables users to create, deploy, and monetize autonomous AI agents that operate across social media, DeFi apps, and web3 services—without needing to write any code. Auto.fun is part no-code builder, part agent marketplace, and part token launchpad, designed to lower the barrier to web3 functionality. It combines agentic AI with a sustainable, token-based economy that rewards both creators and users. Users can spin up their own AI agents that do more than just talk—they act. Whether it’s farming yield, posting content, trading tokens, or running around web3 services, these bots plug…

Eric Balchunas, Bloomberg’s top analyst, has noted that business intelligence firm Strategy has managed to greatly outperform Invesco QQQ Trust, one of the most actively traded ETFs that tracks the performance of the tech-heavy Nasdaq-100 stock market index. Strategy’s stock is now up by an impressive 7% on a year-to-date basis despite the fact that QQQ is down 10%. This shows the stock’s “toughness” while also countering narratives about Strategy being simply a high beta version of the Nasdaq-100. Balchunas has added that he finds Bitcoin’s strong performance surprising. The largest cryptocurrency is changing hands close to the $85,000 level.…

Ripple USD stablecoin, RLUSD, has surpassed $293 million in market capitalization, marking unprecedented adoption since its launch in mid-December 2024. According to CoinMarketCap, the RLUSD market is presently valued at $293 million, with a trading volume of $36.12 million in the last 24 hours. At April’s start, Ripple announced that Ripple USD (RLUSD) has been integrated into its flagship payments solution, Ripple Payments, further driving enterprise utility and demand for the asset. Unlike many stablecoins, which are targeted for retail use, RLUSD has a built-in global enterprise utility that improves the speed and efficiency of cross-border transfers, making it useful…

Australia’s federal election next month could decide the future of crypto in the country, according to a call to action from Coinbase urging voters to back progress on digital asset reform. John O’Loghle, Coinbase’s Managing Director for APAC, warned that despite soaring interest in digital assets, “Australia’s policy environment for crypto remains frustratingly vague and underdeveloped,” in a blog post on Monday. “It’s now 2025, and we still don’t have clear rules to support innovation, protect consumers, and attract long-term investment,” O’Loghle said. Coinbase outlined five urgent steps for the next government, including launching a crypto taskforce in its first…