Author: NBTC

Private capital firm Blue Owl Capital, with over $307 billion in assets under management, has permanently halted investor redemptions at a retail-focused private debt fund. The suspension has triggered concerns among economists. Furthermore, it has raised a key question about whether the private credit market could impact the broader crypto market. Everything to Know About Blue Owl’s Redemption Changes According to Bloomberg, the private credit firm has seen a rise in withdrawal requests in recent months. This was partly driven by investor concerns over its exposure to software companies amid the artificial intelligence surge. FT noted that Blue Owl Capital…

Federal prosecutors have asked a Manhattan judge to retry Tornado Cash developer Roman Storm on money-laundering and sanctions-evasion charges that a jury deadlocked on last August, even as the White House previously signaled openness to pardoning another crypto privacy developer for comparable conduct. In a letter filed Monday to Judge Katherine Polk Failla of the Southern District of New York, prosecutors under U.S. Attorney Jay Clayton have requested a retrial date of October 5 or 12, consistent with windows the defense indicated it was available. The government intends to retry Storm on counts one and three of the superseding indictment,…

Crypto lending DeFi protocols have seen their market contract by about $45 billion since October. Data from Artemis shows deposits across these platforms fell 36% to $79.6 billion, from a peak of $125 billion in October. Aave Led The Pullback Across DeFi Lending Markets According to the firm, Aave led the contraction with a $27.6 billion drop. Spark followed with a $5.4 billion decline, while Euler at $2.6 billion, Fluid at $2.4 billion, and Compound at $2.0 billion rounded out the top five. Together, these platforms accounted for $40 billion of the overall reduction. Crypto lending is shrinking.Since October, deposits…

Magic Eden’s trajectory is one of the most dramatic in $NFT marketplace history. Founded in September 2021 as a Solana-only platform, it captured 90% of Solana $NFT trading volume within months. When Bitcoin Ordinals launched in early 2023, Magic Eden pivoted fast — launching an Ordinals marketplace in March 2023, capturing over 50% of Ordinals volume within a week, and eventually commanding 80% of all Bitcoin Ordinals and Runes trading. By March 2024, Magic Eden was the number one $NFT marketplace globally by monthly trading volume, recording $734 million in a single month — surpassing both OpenSea and Blur. Then,…

The U.S. Supreme Court on Friday struck down President Trump’s tariff regime in a 6-3 decision. “No President has invoked the statute to impose any tariffs, let alone tariffs of this magnitude and scope,” the court ruling said. “That lack of historical precedent, coupled with the breadth of authority that the President now claims, suggests that the tariffs extend beyond the President’s ‘legitimate reach.” Bitcoin knee-jerked about 2% higher on the news, rising past the $68,000 level. As has been typical in crypto lately, though, the gain was reversed within minutes, returning to just below $67,000 at the current time.…

As is known, following the GENIUS bill, the US Congress is continuing its work to approve the Clarity Act, another important law regulating the structure of the cryptocurrency market. However, progress in the Senate stalled due to disagreements over stablecoin yields. While the Senate Agriculture Committee had advanced the draft, the Banking Committee halted the process due to disagreements over the stablecoin yield provision. While everyone awaits approval news, the Clarity Act, seen as one of the biggest steps taken by the US towards regulating cryptocurrencies, continues to face difficult times. The Clarity Act faced another hurdle after President Donald…

The gap between traditional banking and the digital asset world is closing. Ava Labs, the technology company building the Avalanche L1 blockchain, has officially joined the newly launched Mastercard Crypto Partner Program. This initiative is designed to bring the efficiency of digital assets to global commerce. According to Mastercard, digital assets are moving past their initial phase. Blockchain technology is increasingly being applied behind the scenes to solve practical needs. By participating in this program, Ava Labs will collaborate with Mastercard teams to design future products that merge the programmability of digital assets with established global card networks. A roster…

The $NFT sector has again recorded remarkable progress over the past week. In this respect, Flying Tulip PUT (#5280), $X@AI BRC-20 NFTs (#8179d…), and CyrusPosition (#13059) were the top among the leading $NFT sales of the week. As per the data from CryptoSlam, the other notable $NFT sales include STRIKE_PERP_POSIT (#asset1akx…), NBA Top Shot (#113989), 0xbb5… (#5800), 2016 #230 Poncho… (#5tNvM…), monogrid 8d (#410354), Stephen Curry (#packca…3_1), and Axie Infinity (#11579…). This shows that the investors and collectors continue to display noteworthy interest in the $NFT market. Flying Tulip PUT Dominates Weekly $NFT Sales with $810,000 Particularly, the Ethereum-based $NFT…

The Bank Policy Institute, which represents Wall Street heavyweights including JPMorgan Chase, Goldman Sachs, and Citigroup, is mulling a lawsuit against the Office of the Comptroller of the Currency over its push to hand federal banking charters to crypto and fintech firms. It arrives after the OCC, led by Jonathan Gould, a Trump appointee and former crypto executive, effectively lowered the bar for crypto and fintech companies to obtain national trust bank charters, granting them the right to operate across all 50 states, according to a report by The Guardian, which cited a source familiar with the matter. Circle, Ripple,…

The bitcoin mining industry is facing a severe hashrate shakeout, leading many independent operators to cease operations. In response, Hash2cash is pushing a high-tech rebranding by tokenizing hashrates on the $TON blockchain. A High-Tech Pivot in a Brutal Market As the bitcoin mining industry grapples with a brutal hashrate shakeout that has forced many independent operators to unplug, some in the cloud mining sector are attempting a high-tech rebranding. Leading this charge is Hash2cash, a cloud mining platform that recently claimed it is revolutionizing the industry by tokenizing hashrates on the $TON blockchain and integrating directly with Telegram. The move…