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Author: NBTC

NBTC is the editorial account for NBTC News, covering Bitcoin, Ethereum, DeFi, blockchain infrastructure, exchanges, mining, regulation and digital asset markets. The editorial team focuses on clear sourcing, timely updates and practical context for crypto readers.

Nearly $1 Billion Liquidated Across Crypto Market

According to CoinGlass, an eye-popping $963 million worth of crypto has been liquidated over the past 24 hours alone. This is the biggest amount of liquidated crypto since early March. Back then, more than $1.1 billion was liquidated in the span of a single day after BTC tumbled 10% shortly after reaching new highs. Long positions have accounted for the vast majority of this massive wipeout ($772 million). On Saturday, the price of Bitcoin flash-crashed more than 8% due to growing tensions in the Middle East. Iran launched hundreds of drones and missiles at Israel in a retaliatory attack. The…

Markets

Liquid staking ecosystem longevity relies on token liquidity: Kairos Research

EigenLayer's LRTs face liquidity scrutiny as deposits soar and presence in DeFi grows. The landscape of liquid restaking tokens (LRTs) depends on how liquid those assets are, according to a report by crypto research firm Kairos Research. After EigenLayer officially enables withdrawals of LRTs, the whole ecosystem will rely on how liquid restaking protocols manage to keep those tokens liquid. Liquid restaking consists of allocating Ether (ETH) or liquid staking tokens (LSTs) into an infrastructure of shared security, and users receive a proxy token representing the deposited amount to keep operating in the decentralized finance (DeFi) ecosystem. In EigenLayer’s example,…

Altcoins

New Development in Coinbase-SEC Case After Crypto Market Plunge

Cryptocurrency exchange Coinbase has announced its decision to file a temporary appeal in its ongoing case with the US Securities and Exchange Commission (SEC). The appeal will question the SEC's authority to classify digital asset transactions as investment contracts. If the appeal is granted, the original hearing proceedings will be suspended pending a decision by the Second Circuit Court. Paul Grewal, Coinbase's Chief Legal Officer, explained the company's stance in a recent statement. “Today, Coinbase filed a brief asking the Court for permission to file an interlocutory appeal in our SEC case on this fundamental question: whether an 'investment agreement'…

Regulation

Crypto Gaming Studio Avalon Secures $10 Million Funding Led by Bitkraft and Hashed

Avalon, a rising crypto gaming studio, has secured a successful $10 million funding round co-led by venture capital giants Bitkraft Ventures and Hashed. This investment fuels the development of their flagship title, a massively multiplayer online game (MMO) simply named “Avalon.” Avalon’s development team boasts veterans from prominent web2 gaming companies, leveraging their expertise to craft an immersive gaming experience. The studio has also partnered with industry leaders Didimo and Inworld AI, pioneers in artificial intelligence, to further enhance the game. “The Avalon universe prioritizes an unforgettable gameplay experience,” said Sean Pinnock, CEO and founder of Avalon, in a press…

GameFi

Here's Everything You Need to Know

Bitcoin is front and center again, and orange coin lovers everywhere have plenty to be excited about: new all-time high prices, the upcoming halving, rising demand for Ordinals—and soon, something totally new called Runes. And while Runes won’t hit Bitcoin until the halving, when the supply of newly minted BTC is once again cut in half by slashing miner rewards, the project is already getting a lot of hype and attention. Here’s what you need to know. What are Runes? Runes is a new protocol from the mind behind Ordinals, Casey Rodarmor. With Ordinals, the Bitcoin developer made it possible…

Bitcoin

Curve chief nearly liquidated for $150M in CRV in weekend crypto crash

As geopolitical tensions sent crypto markets into a tailspin last weekend, the Curve Finance community was again forced to consider the risks posed by founder Michael Egorov. Egorov came close to liquidation on his highly leveraged CRV positions, which total over $150 million, with CRV dipping below $0.38 on Saturday, according to data from CoinMarketCap. On-chain analyst EmberCN identifies five addresses that have current open positions of $93 million worth of stablecoins borrowed against 372 million CRV (worth $162 million at time of writing). It was also noted that the 20 million CRV position on Silo did briefly fall below…

DeFi

Digital Ruble Rollout Will Cost Russian Banks $536m a Year – Experts

Digital ruble rollout plans could cost the Russian banking sector a total of $536 million per year, financial analysts have claimed. Per Forbes Russia, the nation’s retail sector could be in for a windfall if CBDC adoption plans go ahead as planned. Experts said the retail market could expect to see annual profits rise to the tune of $857 million once the CBDC becomes widespread. Digital Ruble Rollout Plans in Motion The Central Bank Governor Elvira Nabiullina last week confirmed that the digital ruble will roll out “no earlier” than 2025. This comes after the Finance Ministry suggested that “all”…

Markets

Giant Cryptocurrency Whale Withdraws Millions Of Dollars Of This Altcoin From Binance And Locks It All Up

According to the analyzed onchain data, some major cryptocurrency whales have made significant transactions in recent hours. A whale identified by the short wallet address 0x8f9f withdrew an impressive 6 million ENA (equivalent to approximately $8.58 million) from Binance and staked it all just an hour ago. This action made the whale among the largest stakers in the ENA contract. Remarkably, this whale had staked 8.96 million USD a month ago. Despite the general decline in the market, ENA has shown a significant increase of 12% in the last 24 hours. This increase coincides with a period when a total…

Altcoins

Exchange Analyst Says Bitcoin Has “Big Bullish” Signal, Reveals Details

Bitcoin futures base, defined as the difference between futures and spot price, has risen to levels not seen since BTC reached an all-time high above $68,000 in late 2021. According to Luuk Strijers, Commercial Director of cryptocurrency exchange Deribit, the floor currently ranges between 18% and 25% annually, and these values were only seen in 2021. Strijers explained that the high annual basis allows derivatives traders to earn significant returns. This can be achieved by purchasing spot Bitcoin and simultaneously selling nominally equivalent futures contracts at a higher price. This trading strategy provides a dollar gain that can be realized…

Bitcoin

Tether CEO Paolo Ardoino Reveals His Next Big Project

Tether (USDT) CEO Paolo Ardoino announced that the company is on the verge of opening the doors of its tokenization platform to the public. Ardoino announced the development on its official X account. Described as a “masterpiece” by Ardoino, the platform is preparing to revolutionize the tokenization environment with its unique features, according to its own statement. The platform will be completely non-custodial, allowing users to have full control over their assets. In addition, according to the official statement, the platform will support multiple chains and asset types to meet a wide range of user needs. From bonds, stocks and…

Markets