Author: NBTC

A whitehat moved 3,832 non-fungible tokens from hundreds of wallets on Friday amid concerns about a vulnerability involving $NFT marketplace Magic Eden. $NFT community member who goes by Cirrus on X flagged the activity on Friday, saying a single wallet moved 3,832 NFTs from hundreds of wallets. Cirrus said the transactions appeared as sales through Magic Eden and advised $NFT holders to revoke permissions as a precaution. Shortly afterward, Yuga Labs’ pseudonymous vice president of blockchain, 0xQuit, said the transfers were part of a white-hat operation. He said the NFTs held in the receiving wallet are safe and “will be…

The Ethereum price has cooled from $2,800 toward $2,660, but network activity isn’t showing the same weakness. Gas Used remains strong at roughly 217.1 billion, while Priority Fees have jumped sharply, suggesting demand for Ethereum block space is still holding up. That doesn’t automatically mean another rally is coming. Still, the underlying numbers aren’t exactly screaming deterioration either. Ethereum Price Gets Support From Network Activity $ETH climbed from around $1,900 to $2,800 before pulling back toward $2,660. During that correction, Gas Used increased a modest 0.26%, reaching approximately 217.1 billion. The lack of a major decline matters. It suggests demand…

Zcash holds a special place among crypto’s original cypherpunks because it was built by people from that exact community to solve the exact problem they cared about most: private digital money. The coin’s zero-knowledge cryptography, its founder’s direct ties to the 1990s cypherpunk mailing list, and its refusal to treat privacy as optional marketing have made it a rare project that still earns respect from the people who wrote crypto’s founding philosophy. What Is the Cypherpunk Movement, and Why Does It Matter to Zcash? The cypherpunk movement began in the late 1980s and early 1990s as a loose group of…

1inch has officially launched its expansion into the HyperEVM ecosystem, allowing for gasless swaps and enhanced trading features. This integration promises intent-based swaps, cross-chain transactions without the need for bridges, and self-custody options. As noted by the commentator @1inch, this move signifies a substantial enhancement for users, setting a new standard in decentralized finance. What Happened The recent announcement from 1inch about its launch on HyperEVM reflects a broader trend of innovation within the decentralized trading space. By introducing features like gasless transactions and MEV protection, 1inch aims to streamline user experience and enhance liquidity. The broader crypto market currently…

Infosys has entered into a strategic partnership with Chainlink to enhance institutional onchain finance capabilities. This collaboration aims to standardize the adoption of Chainlink’s platform, which includes critical tools for financial institutions. The partnership could play a significant role in connecting major financial entities to onchain markets, as detailed in a recent tweet. The Key Development The partnership between Infosys and Chainlink represents a notable development in the blockchain finance landscape. Infosys, a $40 billion global IT leader, supports critical banking and payments infrastructure for over 1.7 billion customer accounts worldwide. By integrating Chainlink’s technologies, including the Cross-Chain Interoperability Protocol…

Bloomberg Intelligence senior commodities strategist Mike McGlone said that high equity valuations and expectations that the Fed may raise interest rates again are creating strong sell signals for Bitcoin ($BTC). McGlone noted that Bitcoin’s performance over the past five years has been roughly on par with the S&P 500 index, but $BTC has experienced approximately three times higher volatility. McGlone described Bitcoin as an extremely volatile and speculative digital asset, noting that $BTC exhibits a high correlation with the stock market and has to compete with millions of other crypto assets. He argued that, from a risk and portfolio management…

Aave founder Stani Kulechov has questioned Morpho’s proposed definition of non-custodial DeFi vaults, arguing that users may still face changes to how their funds are allocated. His concern centers on the powers given to vault curators. Even with timelocks, Kulechov said managers could potentially expand allocations beyond the strategy users initially agreed to. He also questioned whether users have enough visibility into those decisions. In his view, relying on implied approval could leave liquidity providers with limited control over how their funds are deployed. This categorisation doesn’t make sense and is pretty much self-serving.First of all, arguing that a vault…

The crypto market saw a massive sell-off, with market cap falling 3% as per CMC data. Altcoins were hit the hardest in this wave, including Ethereum [$ETH]. Ethereum fell from $2788 and plunged to a low of $2635, then slightly rose to $2692 at press time. The price drop turned into a bloodbath, especially for longs. Source: CoinGlass Ethereum saw over $96 million worth of longs liquidated, with total liquidations hitting $114 million, triggering panic and fear across the market. As a result, investors hurriedly closed their positions, including whales, which further intensified the downside pressure. Ethereum whale offloads $111…

Solana has cut its target slot time from 300 milliseconds to 250 milliseconds, increasing the rate at which the network produces slots by nearly 17% without raising its overall processing ceiling by the same amount. According to blockchain data, the new setting went live on Sept. 18 and brings Solana to four targeted slots per second, compared with roughly 3.3 under the previous 300ms configuration. The change is the third stage of SIMD-0525, which is designed to gradually reduce slot times from the network’s original 400ms setting to a final target of 200ms. A slot is the period in which…

Stablecoin payments infrastructure provider BVNK and card-issuing platform Marqeta (NASDAQ: MQ) said on Sept. 9 that they have partnered to deliver stablecoin-backed card capabilities to crypto-native and non-crypto companies. The integration will let Marqeta’s customers embed stablecoin features into wallets, cards and everyday financial products, allowing users to transact in digital dollars at millions of merchants with a standard payment card. How the partnership works Marqeta will manage card issuance, acceptance and bank and network relationships, while BVNK provides the infrastructure for its customers to move and manage stablecoins alongside traditional fiat currencies. Marqeta processed nearly $400 billion in annual…