Author: NBTC

Crypto exchange Kraken has deposited ether into Eigencloud, the leading restaking protocol on the Ethereum network, even as the platform’s native $EIGEN token trades roughly 96% below its all-time high despite holding over $6.5 billion in total value locked. Key Takeaways: Kraken deposited 5.06 $ETH ($1.07M) into Eigencloud on May 26, per EmberCN. $EIGEN token trades at $0.25, roughly 96% below its $5.65 all-time high despite $6.53B in TVL. Eigencloud runs a -$12.7M annual earnings deficit, spending $56.77M in incentives vs $13.6M in fees. Kraken Deposit Signals Institutional Interest in Ethereum Restaking Kraken, one of the largest U.S.-based cryptocurrency exchanges,…

Bitcoin is facing a mixed market setup as exchange reserves fall to rare lows while short-term price indicators and holder profitability remain weak. Bitcoin exchange reserves have fallen to 2,666,753 $BTC, according to CryptoQuant data shared by thechessONCHAIN. The last comparable reading came on August 31, 2019, when Bitcoin traded near $9,430. Bitcoin now trades far higher at nearly the same exchange inventory level. Meanwhile, the drop means fewer coins sit on trading platforms for immediate sale. That can reduce available supply, but it does not guarantee a price rebound. For Bitcoin to move higher, demand must be strong enough…

Kuant AI, a renowned Web3 AI trading infrastructure entity, has partnered with X-Agent, a popular AI agent operating network. The partnership is set to merge the cutting-edge AI agent technology and the advanced perpetual trading abilities to enable autonomous trading within the DeFi sector. As Kuant.ai disclosed in its official social media announcement, this partnership is poised to assist in increasing the capabilities of the AI agents beyond conversational tools. As a result, the joint effort underscores the rising convergence of the DeFi networks and AI. 🤝 New Partnership: @XAgent_official × https://t.co/fO6UlMDqQ8 The future of autonomous trading infrastructure is coming…

The note, authored by analyst Lance Vitanza and associate Jonnathan Navarrete, maintained a Buy rating on the stock. The $5 target increase was driven by upward revisions to TD Cowen’s 2026 $BTC Yield and $BTC Dollar Gain estimates after treasury activity since the last earnings call surpassed earlier models. Preferred equity issuance has dominated Strategy’s capital raises in the second quarter, with roughly $1.95 billion raised versus minimal common equity issuance. Nearly all proceeds have been deployed directly into bitcoin purchases, per TD Cowen. As a result, Strategy has already acquired more bitcoin ($BTC) partway through Q2 than TD Cowen…

Cryptocurrency analytics company Santiment has shared the projects with the most active developer communities in the yield farming sector, based on 30 days of GitHub data. According to the company’s published list, yearn.finance ($YFI) topped the list in terms of developer activity, while Aave ($AAVE) and Gearbox Protocol (GEAR) also stood out in the top rankings. According to Santiment data, some projects rose in the rankings while others declined compared to last month. Yearn.finance, Gearbox Protocol, Katana, and the Ethereum and Arbitrum versions of SushiSwap stood out in particular, showing increased developer activity. Based on developer activity over the past…

South Korea’s planned implementation of a cryptocurrency tax in January is facing mounting opposition from investors and lawmakers, who argue that taxing digital asset gains while stock market profits remain untaxed violates basic principles of fairness. The controversy, reported by The Hankyoreh, has reignited a broader debate about the country’s approach to taxing investment income. The Core of the Dispute The central argument against the crypto tax is straightforward: if the government has abolished the Financial Investment Income Tax (FIIT) on stock market gains, it is inconsistent to proceed with a tax on virtual asset income. Critics say this creates…

Britain announced Tuesday a tough new wave of sanctions aimed at disrupting the crypto and financial networks Russia uses to bypass Western restrictions and sustain its war against Ukraine. The measures target crypto exchanges, shadow finance systems, and sanctions evasion routes that the Kremlin increasingly relies on as existing penalties continue to strain the Russian economy. The new sanctions package places emphasis on the Kremlin-linked A7 network, which UK authorities say uses Kyrgyzstan’s financial infrastructure to move funds into Russia’s war economy. The network allegedly processed more than $90 billion last year through military procurement channels and oil-related transactions supporting…

Bitcoin slipped below $75,000 for the second time in May, touching an intraday low near $74,200 as the market’s recovery from spring lows lost momentum again. The first break came on May 23, when spot ETF outflows and forced liquidations pulled $BTC to below $75,000. Then, amid a sell-off in Asian markets, Bitcoin has dipped to $73,600 as of press time, with a low of $72,600. Glassnode’s May 27 report frames both moves as symptoms of Bitcoin stabilizing above its deeper-cycle support, but the market’s $75,000-$78,000 band has become a bottleneck, with spot demand, ETF flows, and options positioning all…

Automated yield protocols built DeFi’s most persuasive retail pitch that depositing into a vault was all a user needed to do, with the protocol handling everything else. For users wanting exposure to Curve’s boosted yields without manually managing $CRV locks, vote power, wrappers, gauges, and incentives, Stake DAO offered a product that packaged the full stack behind a simple interface and, in doing so, also packaged what could break. According to Blockaid, an attacker minted over 5.4 trillion vsdCRV on Arbitrum through a suspected compromise of a deployer key and began swapping tokens for $ETH. The attacker altered LayerZero-related peer…

President Donald Trump-themed $TRUMP coin is dangling luxury suite tickets to the 2026 World Cup final in a bid to arrest its severe market collapse. The initiative, organized through the “$TRUMP Coin Club,” represents the latest attempt to inject liquidity and consumer interest into a digital asset that has lost roughly 97% of its value since January 2025. However, the promotional push comes alongside quiet adjustments to the project’s legal disclosures, which explicitly warn investors that affiliated insider entities may dump their own token holdings while the marketing campaign is underway. $TRUMP’s luxury incentive amid a market collapse According to…