Author: NBTC

A growing number of traditional companies are beginning to experiment with digital assets as part of their corporate treasury strategies, signaling a shift in how businesses view crypto’s role in financial management. This week alone, companies from sectors as diverse as agriculture, consumer manufacturing and even a nearly 80-year-old Japanese textile company announced allocations to tokens like Bitcoin (BTC), XRP (XRP), and Solana (SOL). On Wednesday, Nature’s Miracle, an agricultural technology company, announced it would allocate up to $20 million for an XRP (XRP) corporate treasury, making it one of the latest firm to move to an altcoin treasury strategy.…

An Israeli developer’s new game lets players assume the role of Vitalik Buterin, attempting to write the Ethereum whitepaper while avoiding distractions. The dev says the game, which launched a day after the network celebrated its 10th birthday, aims to tell Ethereum’s story in a fun and chaotic manner. Vitalik.run is an endless roguelike runner, creator Ruby Edelstein told Decrypt. Players need to fight enemies, avoid distractions like Blizzard’s acclaimed World of Warcraft, and progress in the story of Ethereum. The Ethereum co-founder is famously a big fan of World of Warcraft. So much so that Buterin is said to…

Daily trading volume on Momentum Finance, a decentralized exchange (DEX) on the Sui blockchain, has surpassed $100 million. As of press time, Momentum’s total value locked stands at $156.4 million, ranking it as the sixth-largest protocol and the largest DEX on the Sui network, according to data from DefiLlama. Sui’s decentralized finance (DeFi) ecosystem has also continued to expand, with total TVL reaching $2.26 billion and the stablecoin market cap surpassing $1 billion. Top 10 protocols by TVL on Sui In a press release shared with The Defiant, Momentum noted that its TVL first crossed the $100 million mark on…

Meta Pool, the leading liquid staking protocol on NEAR Protocol, announced the successful addition of 60 new validator nodes to the network through its Node Studio platform, developed in collaboration with OpenMesh and supported by the NEAR Foundation. Key Points Meta Pool and OpenMesh launch 60 new validator nodes on NEAR through their Node Studio platform. Governance token $mpDAO surges ~60%, driven by buybacks and validator network expansion. Controversy arises as MoonPay launches an LST token on NEAR using the same ticker as Meta Pool. “This is a strategic step toward further decentralizing NEAR and bringing Web3 infrastructure closer to…

A top market analyst has identified why Ethereum has struggled to break the deadlock at $4,000 and why it could do so this time. Ethereum showed sheer strength following Wednesday’s fallout from the FOMC meeting after the Federal Reserve failed to cut interest rates. With Bitcoin tumbling in a few minutes to $115,000, Ethereum receded slightly to $3,680 but recovered quickly to close the day positive. Meanwhile, the momentum has continued today as Ether is up 1.60% already to reclaim $3,870. Ethereum is now a few dollars away from its July high of $3,941, with its bullish price action boosting…

Block joined the S&P 500 on July 23, replacing Hess after the oil producer’s $54 billion acquisition by Chevron, a reshuffle that sent Block’s stock up 10.7% from the July 18 open of $72.01 to $79.69 by press time. The company announced the addition on July 18, prompting investors to position ahead of index-tracking funds that must purchase shares to mirror the benchmark. Block called the move “a milestone that reflects the strength of our business and the work of thousands of people building tools to increase access to the economy,” citing products across Square, Cash App, Afterpay, TIDAL, Proto,…

The market had already been dragged through the shredder when a massive $500,000,000 in USDC landed on Binance, as per Whale Alert. This happened at a time when Ethereum (ETH) dropped below $3,770, Bitcoin was bleeding under $118,200 and over 117,000 accounts had been force-closed in a hours-long liquidation tsunami that erased $348 million across mostly longs. ETH took the biggest hit, with $35.13 million in liquidations, while BTC and Solana (SOL) followed with $6.73 million and $5.07 million, respectively. What made it worse is that nearly all the pain came from one side — longs. In just one hour,…

As traditional finance becomes more intertwined with blockchain technology, a Kraken executive said simply bringing traditional financial products on a blockchain won’t cut it and is not the end goal for tokenization. Mark Greenberg, the global head of Kraken’s Consumer Business Unit, told Cointelegraph that tokenized equities must go beyond replicating Wall Street systems onchain. Instead, he said they should unlock new levels of accessibility, programmability and global reach. He argued that it’s an opportunity to fundamentally rethink how global markets function when it comes to accessibility, programmability and user access to legacy tools. “Tokenized equities can’t just be ‘Wall…

SharpLink Gaming has continued its aggressive Ethereum accumulation strategy. The company purchased 11,259 ETH worth approximately $43.09 million on July 31. This move followed a $43 million USDC transfer to Galaxy Digital, which facilitated the transaction. The average purchase price was around $3,827 per ETH. This is not the company’s first large-scale acquisition. Just last weekend, SharpLink bought 77,000 ETH for $290 million. It used Galaxy Digital for that transaction as well, indicating a trusted relationship with the financial services firm. ETH Holdings Cross 449,000 Since early June, SharpLink has followed a MicroStrategy-like approach, aggressively stacking ETH. With this latest…

Key Takeaways JPMorgan disagrees with the US Treasury’s prediction that the stablecoin market will reach $2 trillion by 2028. USDT and USDC account for over 60% of the current stablecoin market, which JPMorgan expects to only double or triple in size. JPMorgan isn’t buying into the $2 trillion stablecoin hype. Despite growing political and institutional enthusiasm, the bank thinks the projection is “a little bit optimistic.” According to JPMorgan’s strategists, the digital dollar-pegged asset class still lacks the robust infrastructure needed to support exponential growth. Instead of ballooning to $2 trillion, the bank expects the sector to grow at a…