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.

Ethena Partners with Derivatives Protocol Derive, Offering 5% of DRV Tokens to sENA Holders

DeFiDec 4

DeFi protocol Ethena announced on Tuesday a new partnership with Derive.xyz, the world’s leading on-chain options and structured products platform, that will invest millions of dollars to increase liquidity and drive growth for both protocols. As part of the partnership, Ethena will integrate Derive’s core trading, options, futures, and vaults, using Ethena’s USDe stablecoin and USDE staking to increase liquidity and trading volume, according to a press release. Ethena will launch its core trading on Derive’s perpetual markets, pending approval from the Ethena Risk Council. This is expected to increase volumes and liquidity on Derive, strengthening Derive users’ ability to…

Coinbase CEO says he will not work with firms hiring crypto opposers

LegalDec 4

In a new X post, Brian Armstrong (Coinbase CEO) said, “we will no longer be a client” of any firm hiring people who have committed “bad deeds” against the crypto industry. The CEO of Coinbase shared in an X post that the company will let go of any firm that hired people against crypto in Biden’s administration. Coinbase CEO spoke up after Milbank hired Gurbir S. Grewal We've let all the law firms we work with know, that if they hire anyone who committed these bad deeds in the (soon to be) prior administration, we will no longer be a…

Elite Crypto OTC Platforms Offering Exceptional Trading Solutions

ExchangesDec 4

OTC platforms prioritize secure, private transactions, catering to individuals and institutions handling large cryptocurrency trades. Platforms like Bitcoin Reserve and Cumberland offer deep liquidity pools, reducing market impact for high-volume trades. Innovative features from sFOX and Encryptus provide superior compliance, transparency, and flexibility for dynamic market conditions. Indeed, the demand for over-the-counter or OTC cryptocurrency platforms has emerged for individuals and institutions who transact large value securely and effectively. Such platforms allow for accessing large liquidity, simultaneously preserving the anonymity of a trader and minimizing the chance of slippage. Among the numerous OTC options available, four stand out for their…

One-Year Bitcoin (BTC) Cycle on Verge of Being Broken

BitcoinDec 4

The market for Bitcoin recently indicated that a reversal is imminent, which has sparked speculation that the one-year cycle may soon end. In the past, Bitcoin has generally followed a predictable pattern; however, the way the market is acting right now points to a possible break from this pattern. The price of Bitcoin has been testing significant resistance in the last few days, and the accompanying chart indicates that this level is almost at the top of the cryptocurrency's long-term declining channel at $66,000. This level has frequently served as a ceiling for Bitcoin, as it has never been able…

DeFi TVL reached 31-month highs, market cap broke the $3.7t mark

DeFiDec 4

The crypto and decentralized finance sectors have been growing at an impressive rate over the past month. According to data provided by Defi Llama, the DeFi total value locked increased by roughly $47 billion over the last 30 days, reaching a 31-month high of $134.7 billion — this level was last seen in May 2022. DeFi TVL | Source: Defi Llama Moreover, the DeFi daily trading volume is currently sitting at $16 billion. The leading DeFi and liquid staking protocol, Lido, saw its TVL surpass the $36 billion mark after a 50% surge in 30 days. AAVE, the top lending…

Trump expected to name new SEC chair “as soon as tomorrow”

LegalDec 4

President-elect Donald Trump’s transition team is weighing in on a number of SEC Chair candidates and may reveal their choice “as soon as tomorrow,” according to FOX Business journalist Eleanor Terrett, citing sources with knowledge of the matter. Who will be Trump’s SEC chair, according to Kalshi? Traders on Kalshi are favoring Paul Atkins, a former SEC commissioner, as the top candidate for the SEC Chair role in Donald Trump’s second term. Support for Atkins has grown following his interview with Trump’s transition team. Leading the poll with a 70% probability of appointment, Paul Atkins is ahead of Brian Brooks,…

Move Over XRP's Korea Narrative, The 400% Price Rally Has Support of Coinbase Whales

ExchangesDec 4

When we think of altcoins like XRP and their sudden price bursts, the first thing that comes to mind is South Korea, which has a reputation for heavily engaging with alternative coins. While Korean investors have contributed to XRP's impressive 30-day price surge of over 400% to $2.60, they're not the only game in town. The stateside investors have been hyperactive through the Nasdaq-listed Coinbase exchange. The XRP/USD pair on Coinbase has been consistently pricier than Binance's XRP/USDT pair in the past 30 days, with minute-level premiums ranging from 3% to 13%, according to data from analytics firm CryptoQuant. It's…

Bitcoin Price Skyrockets by $2.5K in Minutes to Highest Levels Since July, Is Uptober Finally Here?

BitcoinDec 4

The primary cryptocurrency is on the run again, having surged by another two and a half grand in the past hour or so to a multi-month peak of almost $68,000. This has fueled the speculation that the asset has finally materialized on the previous assumptions that October will be a highly bullish month. CryptoPotato reported earlier today that the largest digital asset had charted some impressive gains by soaring to $66,500, which was a three-week peak at the time. After a minor stagnation and a brief correction, the bulls seem back in charge as the asset broke out of the…

zkLink Delays Vesting Token Unlock for Investors and Team by Six Months

AltcoinsDec 4

In a recent announcement on X (formerly Twitter), zkLink, a pioneering multi-chain asset trading project leveraging zero-knowledge proof technology, has declared a six-month delay in the token unlock schedule for its private round investors, team members, and advisors. The new unlock date is set for April 22, 2025, moving from the originally planned October 22, 2024. Notably, this delay does not impact CoinList sale participants, ecosystem tokens, or the community treasury. Introduction to zkLink and the Token Unlock What is zkLink? zkLink is an innovative multi-chain asset trading protocol that utilizes zero-knowledge proof (zk-proof) technology to ensure secure, private, and…

Court Rejects Musk’s $101B Tesla Pay Package (Again)—DOGE Takes a 3% Dip

LegalDec 4

A judge has rejected Elon Musk’s $56 billion compensation package for a second time. This is despite Tesla shareholders voting to reinstate it in June. Judge Kathaleen McCormick blocked the plan, saying Tesla’s board of directors was pressured to accept the massive payment because of Musk’s influence. This package is now worth $101 billion, based on Tesla’s closing share price Monday. This is a record-breaking pay package for Musk as Tesla’s CEO. Musk is also known for being a Dogecoin (DOGE) advocate. Through a December 3rd, X post (formerly Twitter), Tesla said the court went against what most shareholders wanted.…