Author: NBTC

DeFi lending protocol Edel disclosed a $403,000 exploit that hit the layer where tokenized stocks are trying to become DeFi collateral. Edel said no depositor would bear losses, and the team would absorb the bad debt, restore affected balances one-to-one, and rebuild the protocol’s oracle architecture for a version two release. The attack manipulated the exchange rate between wGOOGLx, a wrapped version of Edel’s tokenized Google stock, and GOOGLx, the token it wraps. Edel said the manipulation pushed wGOOGLx’s collateral value to roughly 78 times its correct level. SlowMist traced the root cause to Edel’s price source, which used latestAnswer()…

On paper, Solana’s [$SOL] July token unlock calendar couldn’t look more bearish. At the macro level, the market is already in a bear phase, with large-cap assets breaking below key support levels and kicking off Q3 with clear capitulation signals. Against that backdrop, Solana’s latest token unlock schedule couldn’t have arrived at a worse time, coming right after $SOL closed June down more than 10%. Fourteen Solana-based tokens will unlock in July, as the chart below shows. PUMP tops the list, with $123.65 million worth of tokens scheduled to enter circulation on the 12th of July, increasing its circulating supply…

Zcash founder Zooko Wilcox-O’Hearn has sharply criticized cryptocurrency exchange Coinbase for aggressively pushing gambling-like features to its user base. On Saturday, Zooko took to X (formerly Twitter) to voice his intense frustration over the platform’s tactics. “Talked to a user (a vulnerable, young, unsophisticated, financially poor user) who has the Coinbase app, and it has started prompting them to gamble on sports and the price of Bitcoin,” Zooko stated. “I hate this with a burning passion and it makes me ashamed to be part of this industry,” he added. Defending “financial freedom” Coinbase CEO Brian Armstrong has made it clear…

In brief Bitcoin clawed its way back to $60,000 Wednesday after falling below $58,000, its lowest level since September 2024. The rebound followed softer-than-expected U.S. jobs and factory data and noncommittal comments from Fed Chair Kevin Warsh, easing fears of further rate hikes. It caps a brutal June in which U.S. spot Bitcoin ETFs shed a record $4.5 billion, even as Glassnode data shows long-term holders quietly accumulating. Bitcoin bounced off its lowest level in nearly two years Wednesday, as soft U.S. economic data and noncommittal comments from the Federal Reserve chair gave respite to a battered market. The largest…

Institutional crypto financial services firm Galaxy Digital (Nasdaq: GLXY) has identified a fundamental tension between the U.S. Securities and Exchange Commission’s (SEC) custody regulations and the growing demand for decentralized finance (DeFi) strategies among institutional investors. The firm’s analysis highlights a structural contradiction that is increasingly complicating compliance for Registered Investment Advisors (RIAs). The Core Conflict: Qualified Custodian vs. Self-Custody Galaxy Digital’s report points out that current SEC rules require client assets to be held by a qualified custodian. This requirement effectively excludes self-custody models, which are a cornerstone of many DeFi participation strategies. For RIAs, this creates a practical…

Traders scanning the order books got a surprise when OndoFinance’s $SPCXon surpassed $10 million in tokenized market cap. The token is now available across Ethereum, $BNB Chain, and Solana, marking a significant milestone for the project. This news was confirmed in a recent tweet by Token Terminal, highlighting the growing interest in tokenized assets. The Latest The broader cryptocurrency market shows mixed signals, yet OndoFinance’s announcement has brightened the outlook for $SPCXon. With its recent market cap milestone, traders are increasingly curious about how this will influence the altcoin landscape. The availability of $SPCXon on major blockchains like Ethereum, $BNB…

Christoph Jentzsch, a veteran Ethereum developer with no formal $ENS governance role, has proposed shutting down the $ENS DAO entirely. The treasury would be better handled if it were in the hands of an outside steward, according to Jentzsch. This is the third competing idea for how the $ENS should be run, with the two other ideas proposed by the $ENS Labs’ Chief Operating Officer, Katherine Wu. What is Christoph Jentzsch proposing? Ethereum Name Service governance reached a new turning point on July 1 as the governance drama has started to attract suggestions even from people without any official role…

South Korea’s largest cryptocurrency exchanges, Upbit and Bithumb, have recorded remarkable trading volumes in some altcoins over the past 24 hours. When the data from the two exchanges are evaluated together, Solstice ($SLX) clearly took the top spot in terms of volume. $SLX generated a trading volume of $122.4 million on Upbit and $27.6 million on Bithumb, reaching a total volume of approximately $150.1 million. $XRP, Worldcoin ($WLD), RE, Powerledger (POWR), and Definitive ($EDGE) also stood out among the altcoins most traded by South Korean investors. In particular, $XRP’s total volume across two exchanges exceeded $56 million, while $WLD’s total…

US-listed spot Bitcoin exchange-traded funds (ETFs) posted a record $4.5 billion in net outflows in June, more than three times the $1.25 billion Strategy is authorized to raise through its new Bitcoin monetization program. The record monthly withdrawals pushed US spot Bitcoin ETFs to roughly $5.5 billion in year-to-date net outflows for 2026, reducing cumulative net inflows since the funds launched to about $51.2 billion, according to SoSoValue data updated on Wednesday. BlackRock’s iShares Bitcoin Trust (IBIT) accounted for about 79% of June’s withdrawals, posting $3.55 billion in net outflows, according to Farside Investors. Monthly flows in US-listed spot Bitcoin…

Strategic migration: Lora Finance moves the deployment of its v2 protocol from MegaETH to the Solana network. Rising metrics: Solana’s infrastructure records an average of 1,100 transactions per second (TPS) and is nearing 7 million active addresses. Trading levels: The network’s token trades around $77, maintaining critical support in the $73 range. The decentralized finance protocol Lora Finance officially announced the migration of its v2 version launch from the MegaETH Layer 2 network to the Solana blockchain. The organization based this technical move on the processing speed, available liquidity depth, and diversified access to multiple digital assets offered by the…