Author: NBTC

“The next step to resume normal operations is to return NAV to the correct value,” Swell wrote in its verified X account’s Oct. 23 update. It said it was working with security partners and Seal911 to secure its infrastructure, adding: “All funds are safe.” Loading post from X… View post on X Repricing Is Paused, Too The incident concerns the mechanism that records how much $ETH each token represents. Swell’s documentation says the swETH exchange rate determines how many tokens depositors receive and how much $ETH is returned when they unstake. An inflated rate therefore distorts those conversions; it does…

The exchange brought Schiff’s long-running skepticism of the world’s number one cryptocurrency back into the spotlight. The skepticism can be traced back at least as far as 2011. Schiff’s bear market predictions Schiff has been very vocal in his criticism of Bitcoin dating back to 2011, when he dismissed the cryptocurrency as a fad. In November 2013, when Bitcoin was trading around $350, Schiff drew a parallel between the cryptocurrency’s meteoric growth and the notorious Dutch tulip mania. He said during an interview with CNBC that he believed the speculative run of Bitcoin would eventually collapse. Bitcoin experienced a massive…

“AI is driving one of the largest investment cycles in history, despite the financial infrastructure around it remaining quite underdeveloped,” said Max Killberg of Village Global. He said the firm sees an opportunity to develop financial markets around AI, rather than simply back another prediction market. Manifold Markets co-founder Stephen Gruggett told CoinDesk that MNX’s approach is better suited to private companies such as OpenAI and Anthropic, whose shares trade infrequently and are difficult to price. “OpenAI, Anthropic secondaries are illiquid and hard to price,” he said. “A perp based on an illiquid, stale price is worse than meaningless: it…

Market Snapshot As of now, $USDC’s trading volume stands at zero, indicating minimal immediate market activity surrounding this minting event. However, the minting could lead to increased demand for $USDC in the near future, especially as traders reassess stablecoin options in light of ongoing shifts in regulatory environments. The market’s reaction to this minting will be crucial for determining $USDC’s position in the competitive landscape. $USDC, issued by Circle, serves as a stablecoin backed by the US dollar and is widely used in the crypto ecosystem. The $USDC Treasury’s minting authority allows it to issue new tokens to meet market…

Apple’s $AAPL is now live on the Solana blockchain, as announced by Backpack Securities through the Sunrise platform. This launch could significantly enhance Solana’s ecosystem and attract more attention from traders and developers alike. The integration showcases the growing potential of Solana as a versatile platform for major assets, especially in a mixed market environment. Source The Key Development In the broader context of the crypto market, Solana’s integration of $AAPL through the Sunrise platform comes at a time when major assets are experiencing mixed signals. While there are no immediate price movements to report, the announcement has generated notable…

Despite the rise in fear on social media, Bitcoin managed to stay above the $82,000 level. Black Monday Posts Rise! According to the cryptocurrency analysis platform Santiment, discussions have intensified on social media about the possibility of another sharp decline ahead of the 39th anniversary of the historic US stock market crash of October 19, 1987. Santiment data revealed that social media posts containing the phrase “Black Monday” rose to 176 on October 18th. Given that the daily average for the previous 60 days was below two, the magnitude of this recent surge is noteworthy. The number of posts related…

The fresh document discloses the exact holdings of key Ripple insiders and strategic partners: Chris Larsen: The Ripple co-founder, personally and through affiliated entities, controls 2,340,249 Class A shares, making him the largest private individual in the register and the main focus of analysts’ attention. Ripple Labs Inc.: Directly owns 1,678,382 Class A shares. Additionally, Ripple shares joint investment and voting control with the deal’s Sponsor over another block of 4,215,479 shares. SBI Holdings, Inc.: The Japanese financial conglomerate recorded a large strategic presence, receiving 9,431,914 Class A shares and 2,359,038 Class C shares (7.5% of the total Class C…

Source: CryptoQuant Network use is growing too. Active addresses grew 1.01% to 165,200, and the chart shows a clean jump at the end. More people using the chain while coins leave exchanges is a better mix than outflows alone. $SHIB climbed from a low near $0.00000494 and now trades near the top of its daily range. Over four hours, it is flat, down 0.10%. The bigger picture remains weak. $SHIB is down 15.31% over 180 days, 25.50% this year and 50.19% over one year. The 90-day gain of 24.23% shows buyers are slowly coming back. Derivatives look calm. Liquidations were…

The developer has to maintain zero discretion over trades, meaning the user maintains absolute control over every trade. The developer never assumes custody of users’ assets. The developer never takes up volume-based dynamic commissions. This means they are banned from taking a “cut” of the trading volume passing through the software. Before this official statement, the CFTC had set a precedent for this kind of developer regulation by granting a no-action position to Phantom Technologies in March. The Phantom Wallet provider now continues to partner with Kalshi prediction markets as a non-custodial passive interface provider, without needing to register as…

CryptoQuant data shows the 30-day inflow total had already climbed to roughly 1.65 billion $XRP in September before dropping sharply. That decline has since reversed, with the metric pushing above its previous peak and reaching 1.669 billion $XRP. $XRP whale inflows to Binance reached 1.669 billion $XRP over 30 days, surpassing September’s previous peak near 1.65 billion. The increase shows renewed large-holder activity, but deposits alone do not confirm selling. Source: CryptoQuant. The move is notable because it is not simply one unusually large transaction. The rolling 30-day measure captures sustained transfers into Binance over a broader window. $XRP Whale…