Author: NBTC

Cango Inc. sold 6,451 bitcoin across February and March 2026, applying the proceeds entirely to retire crypto-collateralized loans as the company transitions its mining infrastructure toward artificial intelligence (AI) compute services. Key Takeaways: Cango Inc. sold 6,451 $BTC across February and March 2026, generating roughly $442 million to retire bitcoin-backed loans. The sales cut Cango’s outstanding $BTC-collateralized debt to $30.6 million and reduced its hashrate to 37.01 EH/s by March 31. Cango secured a $65 million insider equity investment and a $10 million convertible note from DL Holdings to fund its AI compute pivot. Bitcoin Miner Cango Cuts Crypto-Backed Loans…

Institutional collateral and liquidity optimization fintech Transcend announced today, April 7, that it has connected to privacy-focused blockchain Canton Network. The integration enables clients to move collateral and cash in real time across counterparties and markets using a mix of traditional and tokenized assets. Per the release, Transcend connects to more than 45 central counterparty clearinghouses (CCPs) — the intermediaries that sit between buyers and sellers in derivatives and securities markets to reduce counterparty risk — as well as five triparty agents. The integration with Canton appears to be the fintech’s first partnership with a crypto firm, letting institutions incorporate…

Aave’s token traded into green territory today as two institutional papers reviewed the protocol favorably this month. On one hand, Zach Pandl, the Head of Research at Grayscale, shared his thoughts about whether Aave could become a household name. On the other hand, the Bank of Canada, in what was its first formal central bank study of the protocol, called DeFi lending with proper governance “operationally viable.” $AAVE currently trades around $93.4, after peaking near $96.5 during the day. The token has spent most of 2026 under pressure, with other first-quarter governance crises that resulted in the departures of BGD…

TL;DR: The firm will repurchase over 6 million shares of FWDI common stock for a total of $27.4 million, reducing its float by 7.4%. The operation was financed through a $40 million crypto loan from Galaxy Digital, backed by the Solana ($SOL) staking in its treasury. Forward Industries currently holds 7 million $SOL, valued at $614 million, despite recording $1.1 billion in unrealized losses. Forward Industries, a leading treasury firm based on the Solana ecosystem, has just announced the repurchase of a massive stake from an institutional investor. This private transaction is part of a $1 billion buyback program previously…

In a significant post-hack financial move, an address linked to the bankrupt FTX and Alameda Research estates executed a substantial liquidation of DRIFT tokens, selling 6.94 million units for approximately $320,000. This transaction occurred through the market maker Wintermute in the wake of the devastating $285 million exploit targeting the Drift decentralized finance protocol. The sale represents a dramatic devaluation from Alameda’s initial acquisition, spotlighting the cascading financial repercussions of major security breaches in the cryptocurrency sector. FTX and Alameda’s DRIFT Liquidation Details Blockchain analytics firm EmberCN first identified and reported the transaction. The sale involved a wallet address historically…

Cysic open‑sources its Venus zkVM engine, recasting proof generation as a global computation graph and positioning ZisK inside Ethereum’s emerging EIP‑8025 proof market. Cysic has released Venus, a new open‑source zkVM compute engine that restructures proof generation around a global computation graph rather than a traditional hardware abstraction layer, positioning the company’s ZisK stack squarely inside Ethereum’s emerging L1 proof‑market debate. Announcing the move on X, Cysic described Venus as “built on top of ZisK” and said the system “abandons the traditional HAL model” in favor of a graph‑based representation of the entire proof pipeline. “This paradigm shift yields three…

Decentralized social platform Bluesky has disclosed that it had raised $100 million in a Series B round back in April 2025. Summary Bluesky disclosed a previously unannounced $100 million Series B round led by Bain Capital Crypto, with backing from multiple venture and institutional investors. The platform has grown its user base from 13 million to over 43 million since its Series A, alongside expansion of its AT Protocol ecosystem. According to the official announcement, the round was led by Bain Capital Crypto, while other notable investors include Anthos Capital, Bloomberg Beta, Knight Foundation, Alumni Ventures, and True Ventures. Bluesky…

Kraken, a well-known crypto exchange, has announced the launch of the spot trading service for the $OKB coin of the crypto exchange OKX on Friday. With the start of spot trading, the crypto exchange aims to expand its market access. As per BSCN, the spot listing of $OKB on Kraken enables a crucial gateway for retail and institutional investors looking for exposure to the token. Hence, the development utilizes $OKB for transfers, while also fortifying the developer community. 🚨JUST IN: KRAKEN LISTS $OKB FOR SPOT TRADING@KrakenFX has officially launched spot trading for $OKB, the native gas token of the @XLayerOfficial…

The Solana Foundation has launched an eye-catching advertising campaign in San Francisco, featuring a bold slogan that translates to “Don’t waste time with crypto.” The message, displayed on billboards across the city, might come across as skeptical of cryptocurrency at first glance. However, the foundation clarifies that the campaign is actually part of a broader effort to promote a positive perspective on digital currency and highlight the future intersection of blockchain and artificial intelligence. Solana’s vision for “invisible” blockchain technology Founded in 2020, the Solana Foundation is known for advancing the Solana ecosystem and promoting the adoption of decentralized applications.…

Gemini has been hit with a proposed class action in New York for allegedly misleading investors during and after the crypto exchange’s September initial public offering. The class action lawsuit filed by shareholders on Thursday in a Manhattan federal court against Gemini, its co-founders Tyler and Cameron Winklevoss, and company executives, claims they made misleading statements in the company’s IPO documents. Plaintiff Marc Methvin claimed that the documents portrayed Gemini as a growing crypto exchange focused on expanding its user base and international footprint, but made an “abrupt corporate pivot to a prediction-market-centric business model.” Gemini held its IPO in…