Author: NBTC

Wormhole has announced that $SUI is now natively integrated on the Solana network. This integration enhances interoperability between ecosystems, allowing for smoother transactions and interactions. The move is significant as it could attract more developers to work on the $SUI platform, ultimately broadening its user base and application scope. For more details, visit the tweet. What Went Down The broader crypto market is currently displaying mixed signals, with various assets experiencing fluctuating momentum. Wormhole’s announcement regarding $SUI’s integration on Solana adds a layer of complexity to this landscape, as it connects $SUI to one of the fastest-growing blockchain networks. This…

SpaceX’s stock has lost more than $600 billion in market value over three trading days, which is nearly half of bitcoin’s $1.3 trillion market cap, after announcing its first bond sale. Bitcoin fell less than 1% over the same stretch, holding near $63,600, per CoinDesk data. The stock dropped 16% on Monday to $154.60, its lowest since its June 12 debut, taking its three-day decline to about 23%. The trigger was supposedly a plan to sell at least $20 billion of bonds, the company’s first time borrowing in the debt markets, to fund the artificial-intelligence buildout it took on when…

Institutional investors are increasingly viewing Strategy’s STRC preferred stock as a mainstream income product rather than a specialized cryptocurrency-linked investment. With a combined investment of $756 million, STRC has amassed the largest holding among the three main U.S. preferred stock exchange-traded funds (ETFs): BlackRock’s PFF, Virtus InfraCap’s PFFA, and VanEck’s PFXF. Source: Michael Saylor/X Why is this a bullish sign? This is noteworthy because these ETFs are frequently looking for steady income. Hence, by allocating a significant amount of their portfolios to STRC, ETF managers have now exposed millions of investors to Strategy’s credit products. This shows that, despite Strategy’s…

Category Labs, the development team behind the Monad blockchain (MON), has introduced a governance proposal aimed at improving network performance. The proposal, designated MIP-12, seeks to reduce the consensus voting cycle from 400 milliseconds to 300 milliseconds, potentially accelerating block finalization and enhancing overall consensus efficiency. What MIP-12 proposes The core change in MIP-12 is a reduction in the time allowed for validators to reach consensus on new blocks. By shortening the voting window by 100 milliseconds, the network could achieve faster transaction finality, a key metric for user experience and application performance. To maintain network stability under the tighter…

Financial Action Task Force Calls for Increased Oversight on Digital Assets The Financial Action Task Force (FATF) has issued its 7th Targeted Update on Implementation of the FATF Standards on Virtual Assets and Virtual Asset Service Providers. This report describes the state of digital asset regulation and the remaining weak points in the oversight of criminal activity. While the report acknowledges that crypto regulations and the implementation of FATF Recommendation 15, including the Travel Rule, have advanced in 83% of surveyed jurisdictions, 11 jurisdictions are still working on this. Recommendation 15 calls for the regulation of Virtual Asset Service Providers…

Robinhood Chain, the blockchain network operated by the trading platform Robinhood, has seen its stock-token assets exceed $70 million, according to a report by CoinDesk. The milestone underscores growing adoption of tokenized equities within the decentralized finance ecosystem. Tokenized Stock Trading Volume Hits $500,000 Daily Daily trading volume across 12 tokenized stocks on Robinhood Chain has topped $500,000. Five individual tokens have posted more than $1 million in volume each, with GameStop leading at $26.6 million, followed by Nvidia at $14 million, and SpaceX at $6.4 million. Other notable names include AMC Entertainment and Apple, reflecting strong retail interest in…

Recent volatility in the cryptocurrency market has drawn investors’ attention to selling pressure, and market analysis company Swissblock, in its new report, stated that the biggest risk facing Bitcoin is not direct sell-offs, but the strengthening US dollar. According to the company’s assessment, a significant portion of Bitcoin’s past bear markets coincided with periods when the US Dollar Index (DXY) recovered from its lows and entered an upward trend. Analysts emphasized that risky assets generally come under pressure during periods when the dollar gains strength in global markets, and Bitcoin is significantly affected by this situation. The report states that…

François Garcin, the executive that MARA Holdings (NASDAQ: MARA) hired to build its European business and win French sign-off to buy EDF’s Exaion, has sued the company in a New York federal court. Garcin filed a 40-page complaint, claiming more than €11 million in unpaid fees. The case was filed in the Southern District of New York and reported by the French Bitcoin institute INBi. Why is Francois Garcin suing MARA Holdings? François Garcin was hired as an executive by MARA Holdings (NASDAQ: MARA) to lead its European expansion and secure French approval for the Exaion takeover, but now he…

A long-time Cardano contributor known as Chicken (@navir333) has announced his departure from the ecosystem, adding to growing tensions within the Cardano community. His statement has drawn significant attention because he has spent years contributing to Cardano as an advisor and builder in multiple ecosystem projects. Moreover, his exit comes at a challenging time for Cardano, which is already grappling with project shutdowns, governance disputes, and declining market performance. Key Points Long-time Cardano contributor Chicken has announced his departure from the ecosystem. His decision stems from mounting business debt, which ultimately led him to file for Chapter 7 bankruptcy. He…

When the Fed chair was asked whether the central bank would rescue crypto in a crisis, he avoided one topic with lawyerly care: Section 13(3), the emergency lending power behind every modern bailout. Here is what it is, how 2010 rewrote it, and why a stablecoin rescue through it is closer to illegal than unlikely. Every modern financial rescue Americans can name ran through the same fourteen words of statute. Bear Stearns, AIG, the alphabet of 2008 facilities, the pandemic programs of 2020: all of them drew their legal authority from the third paragraph of Section 13 of the Federal…