Author: NBTC

Morpho, a permissionless cryptocurrency lending protocol, unveiled an update that seeks to further align decentralized finance (DeFi) with traditional lending by bringing more in the way of bespoke, predictable loan terms. Morpho V2 delivers market-driven fixed-rate, fixed-term loans with customizable terms, features previously unseen in DeFi, which are required to meet the demands of institutions and enterprises looking to build or migrate financial products on-chain, Morpho said in a press release on Thursday. DeFi, a blockchain-based and automated system of lending and borrowing on-chain assets, is set to surge this year, just as it did in 2021, particularly because of…

Ethereum has experienced a sharp pullback, retracing over 10% since yesterday as the broader crypto market faced a wave of volatility. Despite the decline, bulls are showing resilience. ETH failed to break below the critical $2,300 mark and is now holding firm above $2,400, a sign that demand remains strong at current levels. Investors are watching closely as Ethereum consolidates and attempts to recover lost ground. Top analyst M-Log1 shared a technical update indicating that ETH is currently sitting around the 200-period moving average on the 4-hour chart. This level often acts as a major trend indicator, and reclaiming it…

Three asset managers — VanEck, 21Shares, and Canary Capital — have co-signed a letter urging the SEC to restore its traditional “first-to-file, first-to-approve” standard for exchange-traded products. The letter, published on VanEck’s official X account on June 6, expresses concern over the recent departure from its traditional practice of approving ETPs in the order they were filed. The Commission has adopted a simultaneous approval process, which, according to the fund managers, has disadvantaged smaller firms and stifled innovation in the $15.4 trillion US ETF market. “When the Commission plays favorites, it costs ETP sponsors money and makes the ETP marketplace…

Asset management firm Canary Capital has filed for a trust in Delaware to create a product offering staking exposure to the Injective (INJ) token, a move that pushes the boundaries of crypto-based financial products in the United States. The development, which has fueled a rally in the INJ token, comes as U.S. regulators are signaling concerns over the legality of such “staked” ETF structures. Canary Capital’s Delaware Trust The Delaware Division of Corporations website confirms that the “Canary Staked INJ ETF” was formed on Monday. This filing is typically the first step in launching an ETF in the United States.…

In a notable show of unity, eight of the most prominent crypto policy organizations issued a joint statement urging Congress to include the Blockchain Regulatory Certainty Act (BRCA) in the upcoming Digital Asset Market Clarity (CLARITY) Act. This coalition includes the DeFi Education Fund, Coin Center, Solana Policy Institute, Digital Chamber, Blockchain Association, Crypto Council for Innovation, Bitcoin Policy Institute, and Paradigm. Stating that they are “united in our commitment to protecting the software developers building our financial future,” the organizations also emphasized that the BRCA is essential for protecting open-source developers and infrastructure providers, like miners and validators, who…

HYPE, the native token of Hyperliquid, was a standout performer among altcoins in May, as traders flocked to the decentralized exchange’s perpetual futures offering, according to a report published by asset manager Grayscale on Monday. HYPE was recently changing hands around $37.72, a 14% increase over the past day, according to crypto data provider CoinGecko. Over the past 30 days, the token’s price has soared 80%. HYPE reached an all-time high of $39.68 just over a week ago. “Hyperliquid has seen consistently high organic usage and robust liquidity and should increasingly compete with centralized derivative exchanges like Binance and Bybit,”…

Metalpha Technology Holding Limited (Nasdaq: MATH), a provider of institutional digital asset wealth management services, has announced a partnership with DogeOS, the application layer founded by MyDoge. The collaboration aims to support the development of Dogecoin (DOGE) as a blockchain platform suitable for gaming, decentralized finance (DeFi), and artificial intelligence (AI) applications. DogeOS is focused on expanding the utility of Dogecoin beyond its current use on centralized exchanges. While Dogecoin records more than 4 million daily transactions and holds a position among the top cryptocurrencies by market capitalization, its integration with decentralized platforms remains limited. DogeOS is developed by the…

A new report from Gemini and Glassnode finds that more than 30% of Bitcoin’s circulating supply is now held by just 216 centralized entities. Since 2015, the amount of Bitcoin (BTC) held by these entities has grown by 924%, rising from about 600,000 BTC to over 6.1 million BTC (worth around $670 billion). The entities include exchanges, exchange-traded funds (ETFs), companies, decentralized finance (DeFi) contracts, and governments. Over the same period, BTC has surged from under $1,000 to more than $100,000. Currently, BTC is trading at over $109,000, according to The Defiant’s price page. The report also shows that across…

DeFi Development Corp. (DFDV), the Nasdaq-listed firm pursuing a solana SOL$156.99 treasury strategy, is planning to get some more dry powder to boost its SOL stack.According to a Thursday press release, the company has secured a $5 billion equity line of credit with RK Capital Management. The agreement allows DeFi Dev to sell shares at its discretion, so long as it meets conditions like filing a resale registration with the U.S. Securities and Exchange Commission. The company said it plans to file the necessary paperwork soon. “We now have the flexibility and structure we need to scale,” said Joseph Onorati,…

The cryptocurrency market has seen a surge in institutional interest in recent months, with BlackRock making notable moves towards Ethereum. This move has sparked a bullish outlook for Ethereum (eth) price. On June 5, BlackRock purchased $34.7 million worth of Ethereum (ETH), marking a significant shift in institutional investment patterns. With ETH price currently trading at around $2,572, this move has sparked discussions on the potential for a bullish outlook for the asset. As Ethereum’s price continues to consolidate, eyes are now on whether BlackRock’s decision could signal a larger shift toward ETH adoption. BlackRock’s $34.7M Ethereum Purchase Sparks Institutional…