Author: NBTC

Within the Uniswap ecosystem, a leading decentralized finance project, a significant debate has arisen regarding governance processes. A proposal to recall tokens previously lent to delegates is being considered within the project’s DAO (Data Entrance Account) structure. The proposal involves the repurchase of a total of 12.5 million UNI tokens. These assets, valued at approximately $42 million, were allocated to the Uniswap Foundation and various delegates in 2022 and 2023 to increase governance participation. The proposer argues that while these tokens initially served their intended purpose of stimulating governance activities, the ecosystem has now become sufficiently active. Therefore, recalling the…

A class action filed in Idaho accuses the now-bankrupt crypto ATM operator of profiting from fraud while leaving vulnerable consumers unprotected. A retired Idaho couple has filed a federal class action lawsuit against Bitcoin Depot Inc., alleging the company’s ATM network served as a pipeline for scammers who drained their entire retirement savings — $76,000 — over five consecutive days in August 2025. Karen and Robert Lacey, named plaintiffs in Lacey et al. v. Bitcoin Depot Inc., et al. (Case No. 1:26-cv-00288-DKG), say fraudsters posing as Norton customer service representatives and FBI agents convinced them their accounts were tied to…

Ethereum price has slid about 10% over the past week as on-chain demand collapsed and liquidations spiked. The chain is clear. Spot ETFs have bled for 17 straight sessions, the most loyal holders pulled back hard, and stretched funding then set off forced selling. Ethereum Spot ETF Outflows Set the Stage The selling started with the institutions. Ethereum spot ETF demand has vanished, with the funds now bleeding for 17 straight sessions. Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here. The last day of net inflows was May 8. Every trading day…

The US Senate confirmed former Federal Reserve official and financier Kevin Warsh for a 14-year term on the Federal Reserve Board of Governors. According to Reuters, the Senate is now expected to expedite the confirmation process for Warsh’s four-year term as Fed Chairman. The vote could be completed by Wednesday, while current Fed Chairman Jerome Powell’s term ends on Friday. It is believed that the debate over the political independence of the US Federal Reserve may intensify with Warsh’s appointment. While President Donald Trump has long pressured the Fed to cut interest rates, the administration’s various actions against Powell are…

Western Union’s new Solana-based stablecoin, USDPT, may do more than speed up money transfers. It could also weaken the old lines between remittances, consumer payments and bank settlement, according to Angus Scott, founder of the Solana Research Institute, a Solana Foundation-backed body. Western Union launched the U.S. dollar-backed stablecoin issued by Anchorage Digital Bank N.A. on Monday. The company said the token will support 24/7 settlement with agents and partners across its global payment network. The launch follows Western Union’s April disclosure that USDPT would initially replace SWIFT-based interbank settlement with its agents. Scott told CoinDesk the launch is another…

JPMorgan Chase CEO Jamie Dimon has said banks will oppose the Clarity Act unless lawmakers change provisions that he says give crypto firms bank-like powers without bank-level safeguards. Fox Business reported that Dimon made the comments on Friday during an interview focused on pending legislation on crypto market structure. The JPMorgan chief said the bill, as written, would allow crypto companies to offer rewards tied to stablecoins or similar products without protections attached to traditional banking. Dimon says banks reject the current crypto bill According to Jamie Dimon, the Clarity Act does not go far enough on legal protections, anti-money…

Arc, Canton and Tempo, three blockchains focused on stablecoins and tokenization, have raised more than $1 billion combined, highlighting rising institutional demand for privacy-focused crypto infrastructure, according to Bitwise CIO Matt Hougan. Stablecoin issuer Circle (CRCL) recently raised $222 million at a $3 billion valuation for Arc, while Digital Asset is reportedly raising $300 million at a $2 billion valuation for the Canton blockchain. Tempo, backed by Stripe and Paradigm, previously raised $500 million at a $5 billion valuation. In a Tuesday blog post, Hougan said the fundraising wave reflects three trends: clearer U.S. regulation, growing demand for private blockchain…

Solana co-founder Anatoly Yakovenko said a major upgrade to the network, dubbed Alpenglow, is expected to arrive as soon as this year, potentially within the next quarter, marking what he described as a pivotal step in the blockchain’s technical evolution. “So the Alpenglow release is basically due sometime this year, I think next quarter,” Yakovenko said during a fireside panel at Consensus Miami 2026. “That, to me, is this exciting step in the evolution of the protocol.” In simple terms, Alpenglow is about making Solana faster, more predictable and more secure at its core. Blockchains like Solana rely on a…

Benjamin Cowen, one of the leading analysts in the cryptocurrency world, warned investors in his latest analysis evaluating the Bitcoin ($BTC) and stablecoin market. Comparing current price movements with those of past cycles, Cowen suggested that Bitcoin has yet to emerge from a bear market and that further declines may be on the horizon. The analyst described the current market structure as an “unfortunate formation,” highlighting the critical correlation between stablecoin dominance and the Bitcoin price. In his analysis, Benjamin Cowen examined the total market dominance of leading stablecoins such as USDT and USDC. He noted that stablecoin dominance has…

Ethereum ($ETH) slipped below $1,800 on Thursday, marking its first drop to this level since February 2026. The bearish performance comes amid accelerating spot selling and increased distribution from long-term holders. The move adds to a broader wave of weakness across the crypto market, driven by sustained risk-off sentiment. Technical indicators suggest that the selloff might continue for a while, with the $1,380 support level a likely target. Long-term holders accelerate distribution Ethereum is down 5% in the last 24 hours and is now trading around the $1,770 level. The bearish performance comes as on-chain data shows a clear rise…