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.

Web3 moves from monolithic to modular blockchains

A new research report from Cryptopolitan reveals Web3 is shifting toward modular architectures. It is moving away from monolithic blockchains such as Solana and pre-rollup Ethereum. The study, available under Cryptopolitan’s Reports section highlights a wave of developer interest and rising adoption of rollups as key signals of this transition. According to the new report from Cryptopolitan, modular chains better reflect the core values of Web3. They emphasize decentralization, specialization, and open innovation. In monolithic architectures, blockchain functions like consensus, data availability, execution, and settlement are tightly integrated and performed on the same layer. Modular blockchains decouple these components, distributing…

BlockchainJul 27

Bitcoin bounced back to $122K after dropping on failed crypto bills in Congress

Wall Street stocks flipped out Wednesday after someone inside the White House told CNBC that Trump might fire Jerome Powell as Fed chair. That single comment kicked off chaos. The S&P 500 dropped hard at first, down 0.6%, before clawing its way back into the green once Trump denied the whole thing. By the Closing Bell, the S&P 500 scraped out a tiny 0.1% gain. Nasdaq also managed to add 0.1% after tanking nearly 0.8% during the day. The Dow Jones did slightly better, up 162 points, or 0.3%, but that’s only after it was down more than 260 points…

BitcoinJul 27

Ether’s ‘extreme euphoria’ social chatter could be a red flag for price

Ether’s recent price rally may be due for a cooldown, as a surge in social media mentions — reaching levels of “extreme euphoria” — points to the potential for a near term correction, according to sentiment platform Santiment. However, other indicators suggest Ether’s (ETH) rally may still have room to run, which has gained more than 50% over the past 30 days. “Extreme euphoria” may put Ether’s price at risk “Social metrics are flashing warning signs. Since early May, Ethereum's price ratio against Bitcoin has surged by an incredible 70%,” Santiment said in a report on Friday. “This has led…

EthereumJul 27

Solana Firedancer dev sheds light on the project’s difficulties

This is a segment from the Lightspeed newsletter. To read full editions, subscribe. Solana’s Firedancer client — a high-performance implementation of the blockchain’s software being built by Jump — was first announced in 2022. Nearly three years later, the project still comes with training wheels. That’s a very long time in the crypto world, so when Firedancer developer Michael McGee joined me on the Lightspeed podcast this week, I was curious to get his take on the client’s timeline. McGee painted an enormously difficult engineering task: rewriting a poorly documented codebase from scratch while the original software sees constant upgrades.…

AltcoinsJul 27

ETH core developer testifies in Roman Storm defense as gov’t rests case

Prosecutors in the criminal trial of Tornado Cash co-founder and developer Roman Storm rested their case on Thursday, opening the door for defense counsel to call an Ethereum core developer as its first witness. According to reporting by Inner City Press on Thursday from the US District Court for the Southern District of New York, Ethereum core developer Preston Van Loon testified in Storm’s defense case, which is expected to last about a week. The developer reportedly described Tornado Cash as a “privacy tool for Ethereum” and said he had used the mixing service four times to send a combined…

RegulationJul 27

Did Adam Back betray Bitcoin for a Wall Street payout?

Adam Back is one of the earliest and most prominent champions of Bitcoin’s displacement of traditional finance via decentralization and self-sovereignty. However, his latest move—selling 30,000 bitcoin (BTC) to Wall Street giant Cantor Fitzgerald via a SPAC—has drawn scrutiny from those who see it as betraying some of the principles he once passionately espoused. Back was a cypherpunk. His community created BTC and fought for privacy, individual sovereignty, and displacing government-backed banking. In public statements throughout the years, he has repeatedly championed the network’s resistance to entrenched banking interests. Although he did not self-identify as a libertarian, many interviewers and…

BitcoinJul 27

Pudgy Penguins denies rumors that it bought OpenSea

Non-fungible token (NFT) project Pudgy Penguins has quieted rumors that it acquired the OpenSea marketplace. The rebuttal followed a wave of online chatter claiming that a deal may have closed around December 2024. In a Saturday post on blogging platform X, the head of security at Pudgy Penguins, Beau, dismissed the rumors, claiming that no such thing has happened. “Pudgy Penguins didn’t buy OpenSea… chill,” Beau wrote on X. Pudgy Penguins is a collection of 8,888 flightless bird NFTs launched in July 2021. The project has also expanded its offering, providing users with physical products through its Pudgy Toys line…

NFTJul 27

Bit Digital plans to expand share cap to 1B to advance Ethereum strategy

Key Takeaways Bit Digital plans to triple its authorized share capital to 1 billion ordinary shares to fund its Ethereum growth strategy. The expanded share authorization aims to allow for substantial equity financing focused on purchasing Ethereum. Bit Digital, the digital asset miner pivoting from Bitcoin to Ethereum treasury, will hold a key shareholder meeting in September to seek approval to triple its authorized share capital in support of its Ethereum accumulation plan and growth initiative, a Friday SEC filing has revealed. The company plans to raise the number of authorized ordinary shares from 340 million to 1 billion, increasing…

EthereumJul 27

OFA Group Unleashes Massive $100M Crypto Investment Wave

In a bold move signaling growing confidence in the digital asset space, Nasdaq-listed OFA Group (OFAL) has announced a monumental commitment to the cryptocurrency market. This isn’t just another small dip into digital assets; we’re talking about a significant financial pledge that could reshape perceptions and pave the way for more traditional entities to embrace the future of finance. What does this mean for the crypto landscape, and why are OFA Group’s choices of Bitcoin, Solana, and Sui so intriguing? Who is OFA Group and What Does This Crypto Investment Mean? OFA Group (OFAL), a company listed on the Nasdaq…

AltcoinsJul 27

Nigeria Invites Stablecoin Startups, a Year After Binance Crackdown

Nigeria is open to stablecoin businesses, the country's top markets regulator said Thursday, signaling a bid to revive digital asset engagement more than a year after a crackdown on crypto exchange Binance cast a shadow over the sector. Speaking at the Nigeria Stablecoin Summit in Lagos, Securities and Exchange Commission Director-General Emomotimi Agama said firms that comply with Nigeria's evolving digital asset rules will find a supportive environment for innovation. "Nigeria is open for stablecoin business, but on terms that protect our markets and empower Nigerians," he said, according to a report by The Cable. The commission, he confirmed, has…

RegulationJul 27