Author: NBTC

Financial services giant Western Union is targeting May for the rollout of its new stablecoin as part of a crypto plan that includes its digital asset network and US dollar stable card. “Over the last few months, we’ve crossed an important threshold. It is no longer a question of if Western Union will be active in digital assets, it is now how fast can we scale,” said Western Union president and CEO Devin McGranahan during the company’s first-quarter earnings call on Friday. “At the foundation of our strategy is USDPT, our US dollar-backed stablecoin. USDPT is now in its final…

Sam Altman sat in a courtroom this week doing something most tech CEOs try to avoid: explaining, under oath, whether he basically stole a charity. The OpenAI chief executive testified in Elon Musk’s civil lawsuit against him and OpenAI, pushing back against accusations that he and OpenAI President Greg Brockman transformed what was supposed to be a nonprofit AI safety lab into a profit-driven enterprise. Altman’s core message was straightforward: OpenAI is still a large charity, and he’s an honest businessperson running it. What Musk is actually alleging Musk’s lawsuit paints a specific picture. He claims Altman and Brockman effectively…

Cryptocurrency exchange OKX has announced it will list $USDG for spot trading on June 10, adding a stablecoin that is gaining attention for its regulatory-focused design. The listing is scheduled to go live at 8:00 AM UTC on that date, according to an official statement from the exchange. What is $USDG? $USDG is a stablecoin issued by Paxos Digital, a regulated trust company under the oversight of the New York State Department of Financial Services (NYDFS). Unlike many other stablecoins, $USDG is designed with a focus on transparency and compliance. It is fully backed by U.S. dollar reserves held in…

BlackRock has continued to sell Bitcoin consistently this week as the leading cryptocurrency puts a hold on its recent price rally, causing its price to remain steady around the $80,000 mark. This appears to have triggered a broader drawdown in institutional interests as the broad ETF market focusing on Bitcoin, Ethereum and other Altcoins, have noted significant withdrawals on most trading sessions. BlackRock offloads large amount of Bitcoin Amid the rapid slowdown in institutional demand, the Bitcoin ETFs have just recorded a massive $635 million in outflow during their last trading session. This marks the largest single-day outflow seen this…

The Trump Iran deal under negotiation includes a proposal to unfreeze $20 billion in Iranian assets in exchange for Tehran surrendering its stockpile of highly enriched uranium, CNN reported, according to two US officials and two additional sources briefed on the talks, placing Trump on the verge of the very kind of financial concession to Iran he spent years denouncing Obama for making. The Trump Iran deal framework, as described by sources to CNN and Axios, involves a three-page plan with one central financial term: the United States would release $20 billion in frozen Iranian funds in return for Iran…

CoinMarketCap displays the data of the top weekly crypto gainers. Humanity Protocol ($H) climbs 37.54% to become the weekly top performer among altcoins in the crypto market. $H is trading at $0.1497 with a volume of $29314090. There are other projects, such as MemeCore ($M), Pudgy Penguins ($PENGU), Chiliz ($CHZ), Aerodrome Finance ($AERO), SKy ($SKY), Injective ($INJ), Cosmos ($ATOM), Algorand ($ALGO), and JUST ($JST), that show positive response towards growth. Simultaneously, MemeCore ($M) is at the runner-up position with a 24.61% price increase and is currently trading at $4.31. It holds a volume of $12637793. These figures indicate the right…

President Donald Trump intends to put US arms sales to Taiwan on the table during an upcoming summit with Chinese leader Xi Jinping. That single agenda item has sent a chill through Taiwan’s diplomatic supporters and defense hawks in Washington alike. The reason is straightforward: the US has historically treated its arms sales to Taiwan as a bilateral matter between Washington and Taipei. Bringing Beijing into that conversation, even informally, would represent a meaningful departure from a policy framework that has held since 1982. A $14 billion package in limbo Congress recently greenlit a $14 billion arms sale to Taiwan.…

Data from Artemis shows that Kalshi’s weekly Open Interest (OI) reached a new high this past week with $810 million. That’s around a 28% increase from the previous week and beating the highs that were set in mid may. The number carries more weight rather than a raw volume print would. Volumes can spike and disappear within a day. OI, on the other hand, highlights money that’s parked and stays. In Kalshi, this metric has been growing rapidly. The Launch of BTCPERP Rewired the Math Kalshi listed BTCPERP, the first CFTC-regulated Bitcoin perpetual futures contract, went live on June 3…

Bybit has led an $8 million Series A funding round in Hata, a dual-licensed digital asset exchange operating in Malaysia. The round also included participation from global family offices and follows Bybit’s earlier investment in Hata’s $4.2 million seed round. According to Monday’s announcement, the funding will be used to improve liquidity, expand the user base and develop additional digital asset products. Hata operates under licenses from the Securities Commission Malaysia and the Labuan Financial Services Authority, allowing it to offer trading and custody services for digital assets in the Southeast Asian country. Since launching in 2023, the company has…

Cardano founder Charles Hoskinson has publicly distanced himself from decentralized cloud storage project Iagon. He warned that both the platform and its IAG token could fail if the current leadership stays in charge. His comments came after a tense disagreement over governance votes on proposals from Input Output Global (IOG). Key Points Cardano founder Charles Hoskinson has publicly distanced himself from Iagon, warning that its token could face steep devaluation. The dispute began after Blockfrost integrated with Filecoin to introduce cloud storage capabilities to Cardano. Iagon CEO Navjit Dhaliwal urged DReps to vote against IOG’s treasury proposal. Iagon claimed the…