Author: NBTC

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…

Crypto News Kraken Financial’s Federal Reserve master account remains switched off more than four months after it was approved, the bank’s chief executive Brian Mathena told Wyoming lawmakers last week. In March, the Wyoming-chartered institution became the first crypto firm ever granted such an account, yet it still sits idle. Mathena told the state’s blockchain select committee that the bank is playing catch-up, working to operationalize the account and expand its deposit product. For an industry that has fought for years to plug a Bitcoin (BTC) exchange directly into the central banking system, the gap between winning approval and going…

AXON Finance, a renowned blockchain that develops an AI-based PayFi infrastructure, has announced an exclusive deployment. AXON Finance has deployed the native $AXON token on the Ethereum Virtual Machine (EVM). As per AXON Finance’s official announcement, the development marks a significant move in the establishment of an efficient AI-based PayFi blockchain for global settlement. Hence, with the token launch on Ethereum, the platform attempts to utilize its established network, developer community, and interoperability. $AXON Deployment on Ethereum Broadens DeFi Access AXON Finance’s EVM deployment fortifies its foundation for the expansion of DeFi services specified for machine-led transfers. The development signifies…

It is predicted that the cryptocurrency market may struggle to find a clear direction in the short term, and the current sideways price movement may continue for some time. A recent market assessment published by crypto trading company QCP Capital states that Bitcoin and the overall crypto market need new macroeconomic and industry-specific catalysts to initiate a strong uptrend. According to the company’s analysis, Bitcoin attracted attention yesterday by rising above the $65,000 level. This rise was attributed to Strategy’s additional Bitcoin purchases and positive news flow regarding the company’s increased cash reserves. However, uncertainty remains as to whether this…

Today, OKX announced that the value of real-world assets has surpassed $30 billion, growing over tenfold since early 2024. This surge reflects a significant influx of institutional capital into the crypto market, as noted in an influential tweet from the organization. The tweet emphasizes that this growth is driven by institutional investment rather than retail speculation, which may reshape market dynamics. The Key Development The broader crypto market is currently exhibiting mixed signals, but OKX’s announcement highlights a notable shift toward institutional interest. As traditional finance increasingly engages with digital assets, the growth in real-world asset values suggests a more…

On-chain researcher ZachXBT made a noteworthy post about BitMEX co-founder Arthur Hayes, questioning his recent token comments and sales. ZachXBT noted that Hayes frequently changed his views in a short period of time and especially exited his Worldcoin ($WLD) position quickly, asking, “How much exit liquidity did he obtain from his followers in the last few days?” According to ZachXBT, Hayes had previously shared bullish views on various crypto assets such as NEAR, HYPE, and ZEC. However, the latest controversy centered on Worldcoin. After Hayes publicly stated his bullish outlook for $WLD, setting price targets well above the current price,…

The U.S. Securities and Exchange Commission (SEC) has filed charges against Florida resident Zan Shaikh and his company, Mining Automatic, alleging they orchestrated a $22 million cryptocurrency mining investment fraud that misled hundreds of investors over a two-year period. How the Alleged Scheme Operated According to the SEC’s complaint, from June 2023 to May 2025, Mining Automatic raised approximately $22 million from more than 380 investors by promoting guaranteed monthly returns generated through cryptocurrency mining operations. The company marketed itself as a reliable investment vehicle for those seeking exposure to digital asset mining without the technical complexities. However, the regulator…

South Korean cryptocurrency exchange Upbit has announced a temporary suspension of deposits and withdrawals for the Pharos ($PROS) token, scheduled for July 26 at 3:00 a.m. UTC. The halt is attributed to a planned hard fork on the Pharos blockchain. Timeline and Scope of the Suspension According to Upbit’s official notice, the suspension will begin at 3:00 a.m. UTC on July 26. The exchange has not specified an exact end time, noting that services will resume once the hard fork is completed and the network is deemed stable. During this period, $PROS trading pairs on Upbit may continue to operate,…

$BNB Chain has gained wider market attention for achieving a crucial milestone in the stablecoin sector. $BNB Chain has become the leading blockchain when it comes to stablecoin activity, witnessing more daily transfer counts in comparison with others. As per the data from Allium, during 2026, $BNB Chain has remained the top blockchain in terms of daily stablecoin transfers. This development underscores the growing role of $BNB Chain in the DeFi network. Tron and Solana blockchains have reserved the 2nd and third slots in number of stablecoins transactions. $BNB Chain has led all chains in daily stablecoin transactions over the…