Author: NBTC

Binance.US plans to apply for a designated contract market license from the Commodity Futures Trading Commission next month as the exchange prepares to expand into prediction markets. Chief executive Stephen Gregory disclosed the plan Wednesday during the Rare Evo conference in Las Vegas, according to Bloomberg, citing a Binance.US spokesperson. Receiving designated contract market status would allow Binance.US to operate a derivatives exchange under CFTC oversight and potentially list event contracts for retail customers. A designated contract market is a federally regulated exchange that can offer futures, options, and other derivative contracts. Applicants must satisfy CFTC requirements covering market surveillance,…

Coinbase says Base is processing more stablecoin volume than any other blockchain — and the company is earning less from the network each quarter. In its second-quarter earnings presentation filed Thursday, the exchange said “other” transaction revenue fell 11% quarter-over-quarter to $47.4 million, “largely driven by lower Base revenue,” even as stablecoin transaction volume on Base grew seven times year-over-year. The disclosure lands in the middle of the question hanging over every Ethereum L2: whether networks that compete on sub-cent fees can turn scale into revenue. Coinbase is engineering the trade-off deliberately, touting sub-cent, sub-one-second settlement as a product goal…

Strategy (formerly MicroStrategy), the world’s largest institutional Bitcoin holder, caused a major stir in the cryptocurrency markets with its recent Bitcoin sale. The company’s decision to sell only 32 Bitcoin (worth approximately $2.5 million) has raised questions among investors about whether the company’s strategy is faltering. Speaking on the matter, Strategy CEO Phong Le shared the background to the decision and the company’s long-term plans. Phong Le argued that, contrary to market speculation, there was no financial necessity or panic behind this sale. Describing the move as “injecting the market,” Le stated: “Our debtors and bondholders, as well as credit…

U.S. Central Command disclosed that Iran fired ballistic missiles and drones at Muwaffaq Al Salti Air Base in Jordan late on July 17. Two service members died, a third remains missing, and four others were hospitalized and later discharged. CENTCOM called the barrage retaliation for the ongoing U.S. bombing campaign, now in its eighth night as of July 19. American jets struck Qeshm Island near 6:10 a.m. local time Sunday, reportedly hitting coastal surveillance sites, air defenses, and drone facilities. Iranian media reported additional hits near Shadegan in Khuzestan province and around Sirik, with no immediate reports of new mass…

Onchain analytics firm Onchain Lens reported that the USDH Deployer address, a major holder of Hyperliquid’s native token $HYPE, has begun moving and selling a significant portion of its holdings. The activity began approximately 12 hours ago, following a scheduled token unlock. Details of the Transaction According to the on-chain data, the address first unlocked 1.01 million $HYPE, valued at roughly $72.45 million at current market prices. Shortly after, the deployer transferred 209,984 $HYPE (approximately $15 million) to a newly created wallet address. A separate transaction moved 200,000 $HYPE ($13.76 million) to the liquidity provider Flowdesk. From that Flowdesk deposit,…

In brief A developer is suing Cave City, Kentucky, over a one-year moratorium on new data centers. The proposed $4.8 billion AI campus would be built near Mammoth Cave National Park. The case could become an early test of how much authority local governments have to block AI infrastructure projects. The developer behind a proposed $4.8 billion AI data center near Mammoth Cave National Park is suing a Kentucky city after officials moved to halt the project, escalating a growing conflict between local governments and companies racing to build AI infrastructure. According to a report by The Lexington Herald-Leader, Kentucky…

Introduction If you’ve searched for “mt gox” recently, it’s probably because the name showed up in a headline again — more than a decade after the exchange collapsed, a dormant wallet linked to it still makes news whenever it moves Bitcoin. To understand why that keeps happening, it helps to know what Mt. Gox actually was, how it fell apart in 2014, and why a bankruptcy case from over a decade ago is still, in a very real sense, unfinished business for the Bitcoin market. What Was Mt. Gox? Mt. Gox was a Tokyo-based cryptocurrency exchange that, at its peak,…

Trex Network has committed over $100 billion in tokenized assets, utilizing Polygon’s compliance layer to ensure regulatory alignment. This significant milestone highlights the growing integration of blockchain technology in traditional finance. As reported by Polygon, this development may strengthen regulatory trust in tokenized solutions. What Happened The broader crypto market is currently exhibiting mixed signals, with many assets experiencing fluctuations. Trex Network’s announcement about its substantial commitment in tokenized assets comes at a time when the sector is navigating regulatory scrutiny. By adopting Polygon’s compliance layer, Trex aims to address key regulatory concerns, potentially paving the way for further institutional…

Bitcoin is at a pivotal moment. Analyst Gareth Soloway has identified $63,500 as the single most important level in the near term. Bitcoin rallied from its double bottom to $67,200 before pulling back to current levels. That pullback is normal and healthy. But the level being tested right now is exactly where the original breakout occurred, making it a critical support zone that bulls must defend. If $63,500 holds, the next technical target is $70,000. If it breaks, the double bottom support weakens with each subsequent test and eventually gives way entirely. The Macro Concern Zooming out, Soloway identified a…

Morph, an L2 blockchain infrastructure platform, has partnered with Morpho, a decentralized lending entity, and Gauntlet, a decentralized finance (DeFi) risk management firm. The partnership aims to offer institutional-level DeFi yield to more than 125M consumers. As Morph revealed in its official press release, the initiative is set to streamline access to diverse $BTC-backed yield strategies and lending services. For this purpose, it is integrating a cutting-edge DeFi framework into compatible user platforms. Institutional yield is coming to 125+ million users of @bitget and @BitgetWallet through Morph.Together with @gauntlet_xyz , @Morpho , @redstone_defi ,and @chainlink ,Morph is helping bring $BTC-backed…