Author: NBTC

The co-founders of dominant liquid staking protocol Lido, along with the venture capital firm Paradigm, are secretly helping to fund a new company, Symbiotic, that would compete in the fast-growing arena of “restaking,” according to people briefed on the matter. Internal company documents obtained by CoinDesk lay out diagrams of how the project would work. The emergence of a restaking player with deep-pocketed backers could portend a face-off that might redefine the DeFi landscape. The co-founders of Lido, the biggest liquid staking protocol on Ethereum, are secretly funding a competitor to EigenLayer, the buzzy “restaking” service that has emerged rapidly…

After the SEC approved spot Bitcoin ETFs in January, all eyes turned to spot Ethereum ETFs. With only nine days left until the SEC deadline to approve or reject spot Ethereum ETFs, the odds of approval are slim. At this point, Bloomberg ETF analyst Eric Balchunas told DL News that he does not expect approval before the end of 2025. He also stated that the majority of investors do not expect the ETFs to be approved. Quinn Thompson, founder of crypto hedge fund Lekker Capital, also told DL News that the chances of Ethereum ETFs being approved are slim to…

There’s a new crypto Political Action Committee (PAC) on the scene. Coinbase-initiated nonprofit Stand With Crypto announced it is launching a new PAC Friday. The associated PAC, which means only individual Stand With Crypto members can contribute up to $5,000 each, plans to back “candidates who support the crypto community,” the nonprofit said on X Friday. Stand With Crypto, a 501(c)(4) nonprofit organization, launched last summer as an effort to give crypto fans more access to information about policy makers and candidates, leaders said. “This is a grassroots, organic bottom-up effort,” Kara Calvert, Coinbase’s head of US policy, said in…

A quant has explained how there appears to be a relationship between Coinbase’s spot volume dominance vs. Binance’s and the Bitcoin price. Bitcoin Has Been Reacting To Binance/Coinbase Volume Changes In a CryptoQuant Quicktake post, an analyst discussed the dynamics in the cryptocurrency market that arise out of the battle happening between Binance and Coinbase for spot volume dominance. As the graph shows, Binance has been the much more dominant of the two platforms when considering the spot volume. The exchange is hosting five times as much volume as Coinbase. The analyst notes that the difference between the two would…

The highly anticipated “halving” of Bitcoin (BTC) is expected to happen soon, and according to experts, its impact will be felt differently by miners and investors. Omid Malekan, an assistant professor at Columbia Business School and author of “Re-Architecting Trust The Curse of History and the Crypto Cure for Money, Markets, and Platforms,” said the halving event is an important event for those who own Bitcoin as a store of value. He explains that it is not a cause for concern. However, the situation is different for miners. “For people who own Bitcoin because they think it is a good…

Canadian financial tech firm DeFi Technologies announced Tuesday that its subsidiary, Valour, has launched what it calls the first ever yield-bearing Bitcoin exchange-traded product (ETP). The company exclusively tells Decrypt that investors will get exposure to BTC and earn a 5.65% yield—provided those investors are located in its Nordic markets. “We are thrilled to introduce the world’s first Yield Bearing Bitcoin ETP, offering investors an unprecedented opportunity to gain exposure to Bitcoin while earning a substantial yield,” said Olivier Roussy Newton, CEO of DeFi Technologies, in a press release. “Valour Bitcoin Staking (BTC) ETP embodies our commitment to innovation in…

Ethereum, the world’s second-largest blockchain network, persistently grappling with scalability issues due to its popularity and increased network congestion, has had the concept of Layer 2 chains in mind since 2014. As more users and decentralized applications (dApps) were released, transaction costs skyrocketed, and processing times slowed significantly. To address these challenges, developers explored various scaling solutions to optimize Layer 2s, with Ethereum rollups emerging as one of the most promising approaches. What are Ethereum Rollups? An Ethereum rollup is a Layer 2 scaling solution that processes multiple transactions off the main Ethereum blockchain (Layer 1), bundles them into a…

The bill prepared on the legal regulations and definitions of crypto assets is ready to be presented to the Parliament with its final touches. The proposal, which is expected to be presented to the Parliament this week, will ban short selling and leveraged transactions regarding crypto assets. Crypto assets will be defined as “intangible assets” for the first time, and thus transactions can be carried out in a more transparent and reliable manner. The bill to be presented to the Parliament will harmonize the broad definition of crypto assets with the definitions of international organizations. The authority to determine the…

Robinhood Crypto announced today a series of new features for its European customers, including staking services, localized apps, and cryptocurrency rewards for new users. These initiatives aim to increase accessibility, improve user experience, and strengthen the platform’s commitment to European crypto investors. Robinhood: The Introduction of Crypto Staking Robinhood crypto: Bonus for new customers before staking Localized User Experience Educational Modules Learn & Earn Results from the December launch Robinhood: The Introduction of Crypto Staking Starting today, Robinhood Crypto will also offer cryptocurrency staking, but only available to its European clients. Users will be able to manage their positions in…

According to James Seyffart, one of the leading ETF analysts, it is increasingly likely that the US Securities and Exchange Commission is going to deny a slew of Ethereum ETF applications this May by claiming that the underlying cryptocurrency is a security. “Not a guarantee that they will do this but I think this almost guarantees that the SEC is at least considering it,” Seyffart added. This came after finance lawyer Scott Johnsson opined that Ethereum’s legal status was likely to appear in the agency’s upcoming ETF order. According to Johnson, the SEC is supposed to provide a “notice of…