Author: NBTC

Traders on Hyperliquid, the onchain exchange that settles the largest share of crypto perpetual futures volume, are trading more money through builder-deployed markets for stocks, commodities and indices than through the platform’s native crypto contracts. Those builder markets, deployed under Hyperliquid’s HIP-3 framework, generated $5.41 billion in notional volume, or 51.8% of the $10.44 billion traded across the exchange, according to data from Hyperliquid’s API queried by The Defiant on Tuesday. Native crypto perps, led by Bitcoin at $2.69 billion and Ether at $1.27 billion, accounted for the other $5.03 billion. Builder markets first outtraded native crypto over a full…

No. There is no official Robinhood Chain token, there is no airdrop, and there is no snapshot. Every token currently claiming that association is either a joke that admits it or a trap that does not. Ask the internet whether Robinhood Chain has a token and you will get a hundred confident answers, most of them wrong and several of them designed to be. The correct answer is short: no. Robinhood launched its blockchain on July 1, 2026 and did not issue a native token with it. What exists instead is a chain that runs on ether, a company stock…

A dormant Bitcoin address transferred 30 $BTC worth about $1.88 million for the first time in almost 15 years. Bitcoin address “1KV47” made its first outgoing transfer on Saturday since receiving 30 $BTC in August 2011, blockchain data shared by Galaxy Research shows. The address is among 39,069 listed in a New York lawsuit filed by “Noah Doe” and two Wyoming-based companies seeking ownership of dormant Bitcoin holdings. The case could test how inactive cryptocurrency holdings are treated under the state’s lost-property law. The listed addresses include those widely associated with Bitcoin creator Satoshi Nakamoto and collectively hold an estimated…

Uniswap management is preparing to vote on a proposal that would enable protocol fees for the first time in select Uniswap v4 liquidity pools. Separately, a proposal plans to extend the fee mechanism implemented in Uniswap v2 and v3 to Robinhood Chain. The final on-chain voting process has begun for both proposals. Voting opens on Sunday and will continue until July 26th. Uniswap founder Hayden Adams said they expect the proposals to have a significant impact on the $UNI burning mechanism, particularly highlighting the current trading volumes on Robinhood Chain. The Uniswap v4 proposal calls for enabling protocol fees in…

Alex Sacerdote, founder and CEO of Whale Rock Capital Management, thinks Anthropic is on track to hit half a billion users before it goes public. That’s not a typo. Five hundred million, with a B-shaped shadow looming behind it. Sacerdote made the projection at the Sohn Montreal investment conference on June 4, one day after Anthropic filed a confidential IPO registration with the SEC. The timing was not subtle. From 2 million to 14 million, and counting According to Sacerdote, Claude’s user count surged from 2 million to 14 million in a relatively short window. That’s a 7x jump, and…

Ripple has ramped up mint activity around its proprietary stablecoin $RLUSD in July, deploying over $200 million on the XRPL within two days. A few days after rebalancing $RLUSD supply between the $XRP Ledger and Ethereum, the two native networks supporting the stablecoin, Ripple has started increasing issuance more aggressively on the $XRP Ledger as July begins. In just the first two days of July, Ripple minted a total of $291.6 million worth of $RLUSD across the $XRP Ledger and Ethereum. Of this amount, about $225.8 million, which represents roughly 77%, was issued on the $XRP Ledger, according to data…

Another European door closes as Gibraltar’s opens The Czech Finance Ministry added Polymarket to its List of Unauthorized Internet Games on Monday, according to the country’s Institute for Gambling Regulation, which flagged the listing on Tuesday. Internet service providers now have 15 days to block access to the platform. The ministry, which maintains the list, already has several thousand websites on it. The Czech rationale echoes the position regulators across Europe have taken: that whatever prediction markets call themselves, they function as gambling. The ministry considers Polymarket insufficiently supervised and therefore a risk. Jan Řehola, director of the Institute for…

Speaking at Binance’s ninth anniversary celebrations, company founder Changpeng Zhao (CZ) made noteworthy assessments regarding the next decade of the cryptocurrency sector. CZ stated that AI-powered payments, tokenization of real-world assets, and the growth potential of blockchain-based finance will shape the new era of the sector. CZ, who founded Binance in 2017, stated that cryptocurrency exchanges had serious shortcomings in terms of user experience, security, transaction infrastructure, and customer service, and explained that the company set out with the goal of improving these areas. CZ stated that while most major exchanges at the time focused solely on Bitcoin transactions, Binance…

DB Securities has officially signed a Memorandum of Understanding (MOU) with Optimism to build security token offering (STO) and real-world asset (RWA) infrastructure in Jeju, South Korea. This collaboration aims to leverage the OP Stack framework to advance blockchain capabilities in the region, as detailed in their recent announcement. Inside the Move The broader crypto market is currently navigating mixed signals, with assets displaying varying momentum. Against this backdrop, the partnership between DB Securities and Optimism stands out as a significant development. The MOU signals a commitment to build advanced financial infrastructure on the OP Stack, which is gaining traction…

Bitcoin developer Luke Dashjr has shut down demands to withdraw a highly controversial network upgrade proposal known as BIP-110. The BIP-110 controversy and Dashjr’s stance BIP-110, whose purpose is to introduce data regulation, was introduced as a temporary consensus adjustment to fight against spam from the likes of Ordinals and Runes. Supporters argue that embedding non-financial data congests the network, thus inflating data storage requirements. Dashjr, a key proponent of the soft fork and maintainer of the Bitcoin Knots software, has dismissed the idea of backpedalling on the proposal. “Saylor didn’t say anything about BIP110,” Dashjr clarified. “And no, it’s…