Author: NBTC

In a surprising turn of events, a whale from the Ethereum initial coin offering (ICO) era has reemerged after more than six months of inactivity. A wallet that participated in Ethereum’s ICO in 2015 and acquired 254,900 ETH at an ICO price of $0.311 per token transferred 7,000 ETH, equivalent to $24.28 million, to the Kraken exchange today. This transaction marks the end of a 209-day silence from this notable holder, who still retains a substantial 40,000 ETH valued at approximately $139.5 million. This whale’s movements have caught the attention of the cryptocurrency community—not only due to the sheer size…

Abra, a platform for digital asset management services, has launched a new product called Abra Treasury which is a service for corporations that want to hold cryptocurrency on their balance sheet as a reserve asset. The integrated offering combines storage, trading, borrowing and yield management services. The service is supported by Abra Capital Management, a company registered with the Securities and Exchange Commission (SEC). It will provide corporations, family offices and non-profit organizations with a range of digital asset management solutions. Clients can store their cryptocurrencies through a separately managed client service, allowing them to maintain ownership and control of…

There are interesting developments in the cryptocurrency wallet of Donald Trump, the former president of the United States and also a candidate in the new presidential race. As it is known, Donald Trump has his own NFT collection and the income he earns from it is transferred to his wallet as Ethereum. At the time this article was written, Trump’s cryptocurrency wallet contained $1.79 million worth of ETH. All of Trump’s assets other than ETH, whose total portfolio is approximately $25 million, are tokens airdropped by altcoin developers against his will. Until recently, the largest asset in Trump’s cryptocurrency wallet…

Ripple filed a Notice of Supplemental Authority, challenging the SEC’s regulatory approach. Ripple argues SEC’s regulation through court cases risks inconsistent results and lacks clarity. The SEC is expected to counter Ripple’s notice, referencing the Terraform Labs case. The legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) has been ongoing for over three and a half years. In the latest development, the SEC has significantly reduced its penalty demand from $2 billion to $102 million. Despite this, Ripple has rejected the SEC’s offer and instead filed a Notice of Supplemental Authority, as shared by Defense Attorney…

Blockchain infrastructure has evolved to incorporate layer 1 and layer 2 networks. A more recent development is the emergence of so-called “layer 3” networks. So what are layer 3 networks, and how do they differ from layer 1 and layer 2 networks? What is a layer 3? To understand what layer 3 networks are, we first need to look at the layer 1 and layer 2 networks that they sit atop. Layer 1 networks are the base layer of blockchain infrastructure, and include blockchains such as Ethereum or Bitcoin. They provide the underlying framework for a blockchain network, validating transactions…

Spot Bitcoin exchange-traded funds (ETFs) in the United States witnessed a significant increase in daily net inflows, with Wednesday totaling $302.97 million, marking the highest inflow since May 3. Spot Bitcoin ETFs Witness $302 Million Inflows, Fidelity’s FBTC Leads Surge Fidelity’s FBTC emerged as the frontrunner attracting inflows with a staggering $131 million in inflows on a daily basis, according to data from SoSoValue. Following closely behind, Bitwise’s fund saw an inflow of $86 million. Ark Invest and 21Shares’ ARKB generated $39 million in net inflows. Meanwhile, ETFs managed by Valkyrie, VanEck, Franklin Templeton, WisdomTree and Invesco/Galaxy Digital collectively reported…

May marked a historic month for the crypto market after the SEC finally greenlit Ethereum exchange-traded funds (ETFs). After years of relentless pushback and tireless advocacy from pro-crypto activists, this approval presented a golden opportunity to market Ethereum in ways that have not been previously anticipated. The timing of this approval couldn’t be better. It comes at a moment when global financial markets are increasingly open to on-chain investments, such as the $11.7 billion capital inflow to Bitcoin ETFs since January 2024. This article explores how the Ethereum community can leverage these new circumstances to position ETH as a leading…

Hidden Road has expanded the use of BlackRock’s BUIDL token by accepting it as collateral across its network. In addition to the new crop of exchanges, liquidity providers B2C2, IMC and Laser Digital, and software vendors Talos and TT have also joined Hidden Road. Hidden Road, a global credit network for institutions that includes trading in digital assets, said it added a clutch of major exchanges to its prime brokerage platform. It also expanded the use of BlackRock’s BUIDL token by accepting it as collateral across its network. The company is now integrated with Coinbase International Exchange (following a tie-up…

Base, the Ethereum layer-2 scaling network launched by top U.S. crypto exchange Coinbase, generated more than $6 million in on-chain profits in May, making it the most profitable layer-2 network while topping the likes of Blast and Optimism in the process. Base’s surging profits have been fueled by a rapid increase in total value locked (TVL), according to L2BEAT, in turn driven by Ethereum’s implementation of EIP-4844 and proto-danksharding via the anticipated Dencun upgrade in March. According to blockchain analytics platform GrowThePie, Base generated the most on-chain profit of any layer-2 chain with $6.1 million in May, followed by $1.5…

Cronos zkEVM announces the Pioneer Program, which is designed to reward early users for interacting with dApps on the platforms. The incentivization program will recognize early supporters of the ecosystem ahead of the mainnet launch in Q3. Over the coming weeks the Pioneer Program — which offers a variety of social and community missions — will launch gradually. Through these quests, users can explore Cronos zkEVMs features and services and earn loyalty points. Participants will be able to claim their points as the program advances by using ecosystem dApps. In order to compensate users in both native dApp tokens and…