Author: NBTC

Mantle has expanded its real-world asset yield business into DeFi with a non-custodial stablecoin vault after its Bybit-based product crossed $200 million in assets under management. According to Mantle’s Aug. 25 X thread, the new product is available through Fluxion and combines infrastructure from CIAN and Grove to give stablecoin holders direct access to an onchain yield strategy. Mantle Vault proved itself in CeFi. Today, it opens to everyone in DeFi.After crossing $200M on @Bybit_Official, a new vault is now live on @Fluxion_network with @grovedotfinance and @CIAN_protocol, giving millions access to RWA yield with stablecoins on Mantle.Here’s how ↓ pic.twitter.com/lwj1xEVGgW…

Antalpha’s facilitated loan book shrank by $696 million in the second quarter as losses on tokenized gold holdings at its subsidiary, Aurelion, pushed the digital asset financing group into the red. According to the firm’s filing with the US Securities and Exchange Commission (SEC), its total loan book fell 34% to $1.35 billion as of June 30, from $2.05 billion a year earlier and $1.71 billion at the end of March. As a result, the company’s revenue fell 28% to $12.2 million, while net income attributable to Antalpha swung to a $12.5 million loss from a $700,000 profit. Meanwhile, the…

The crypto industry is piling more legal challenges on Illinois over its new law that imposes a 0.2% tax on businesses transacting or storing crypto for customers within its borders, with two more advocacy groups filing another lawsuit. The Crypto Council for Innovation and the Blockchain Association sued the state on Friday, claiming the crypto tax violates the U.S. Constitution, Illinois Constitution and the Internet Tax Freedom Act. Its legal volley joins an earlier lawsuit filed last month by the Digital Chamber. “This tax singles out digital assets for uniquely punitive treatment based on the underlying technology rather than the…

Two crypto prediction market startups announced they were winding down within 90 minutes of each other on Monday morning, both giving users until Sept. 30 to pull their money out. The venues that closed sat at opposite ends of the market. Trepa built its own mechanism on Solana, paying users by how close their numerical guess landed to an outcome. Fireplace built a professional trading terminal on top of Polymarket and charged a fee for routing orders there. Neither found a position that survived contact with the two exchanges that now absorb nearly all the trading. Kalshi and Polymarket took…

$ZEC’s Price Run Drags More Machines Back Online $ZEC’s price traded around $820 to $871 between Aug. 23 and Aug. 25, while estimates put Zcash’s network hashrate in the mid-20s of gigasolutions per second, or GSol/s. Several trackers recently printed readings near 27 to 29 GSol/s, putting network activity around its highest levels on record. The economics explain exactly what is happening. When coin revenue outruns electricity and hosting costs, machines sitting dark suddenly become productive assets again. Operators switch on idle equipment, pack additional units into existing halls, or hunt for more machines until climbing difficulty starts eating the…

Boltz, the non-custodial bridge that routes swaps between bitcoin’s mainchain, the Lightning Network and Liquid, disabled its service indefinitely on Monday, saying months of automated, AI-assisted attacks on its infrastructure have outpaced its ability to ship fixes. Boltz first took its swap services offline at 5:54 am ET on Aug. 3 without explanation. In a follow-up statement about six hours later, the team said the suspension will last “until further notice” and described a months-long pattern of intrusions. “Over the past months we have seen a steady rise in automated, AI-assisted probing of our infrastructure, and we have dealt with…

Uniswap, the largest decentralized exchange (DEX) by trading volume, recorded 28.9 million swaps last week, the highest weekly total in its history, according to data from Unfolded. The milestone underscores a broader surge in on-chain trading activity and growing user adoption of automated market makers (AMMs). What the Record Means for Uniswap and DeFi The previous weekly record was set in late 2024, but last week’s volume marks a significant acceleration. The increase comes amid heightened volatility in the crypto market, with major assets like Bitcoin and Ethereum experiencing sharp price swings. Uniswap’s role as a primary liquidity venue for…

Datavault AI has agreed to acquire BankWyse, a Wyoming banking institution, while promising funding substantially larger than the cash it reported at the end of June. The mismatch leaves a central question for the proposed deal: How can Datavault finance the purchase and capitalize the bank without another layer of debt or dilution? The agreement disclosed on Aug. 19 values the initial consideration at approximately $22 million, comprising $14.66 million in Datavault stock and $7.34 million in cash. BankWyse’s sellers could receive up to another $10 million if they meet milestones, split evenly between cash and stock. Separate from the…

Two former Wall Street investment bankers were charged with fraud by the SEC on Friday following their stock trades in South Jersey Industries prior to the company’s February 24, 2022 takeover announcement. According to the lawsuit, Mr. Satsky, aged 59, was one of the heads of an energy and utility banking unit at the New York bank, while working on South Jersey’s business and being a lead banker for that deal. Mr. Wolfe, his 55-year-old friend and former colleague, was alleged to have traded about 2.2 million shares, making a profit of $18.5 million when the stock rose about 40%…

Sportsbook operators are trying to defend their core business by adopting the very market structure that is challenging it.Prediction markets have grown large enough that sportsbook operators now treat them as a strategic problem rather than a regulatory nuisance. Kalshi’s valuation has reportedly climbed to $22 billion after a $1 billion financing round, while Polymarket closed a round at roughly $15 billion and is reportedly discussing a valuation above $20 billion. Sportsbooks respond by entering that same exchange-style market and use prediction markets to expand distribution and protect customer relationships. What Prediction Markets Remove from Bookmaking Traditional sportsbooks do more…