Author: NBTC

London-based asset management firm Abraxas Capital has deposited 8,000 $ETH, valued at approximately $14.15 million, into the decentralized lending protocol Aave, according to on-chain data tracked by Onchain Lens. The transaction, executed from an address associated with the firm, marks one of the larger single deposits by an institutional player into a DeFi lending market in recent weeks. Institutional Confidence in DeFi Lending The deposit underscores a broader trend of traditional financial entities utilizing decentralized finance protocols for capital efficiency. Aave allows users to supply assets like Ethereum in exchange for interest payments, while also enabling borrowing against supplied collateral.…

Crypto trader Eugene said he has largely exited the crypto market and moved capital into U.S. equities, citing a lack of compelling opportunities in digital assets. The trader stated that current market conditions do not offer an attractive risk-reward profile and pointed out that he is not interested in increasing exposure to Bitcoin despite recent price weakness. In publicly shared comments, Eugene also expressed a bearish view of Strategy and its executive chairman, Michael Saylor. He argued that the company’s Bitcoin-centered approach may be showing signs of weakness. Because of Strategy’s strong correlation with Bitcoin, Eugene said he would not…

Polygon zkEVM Mainnet Beta sequencer will sunset on July 1, 2026. Wallet-held assets not bridged before the deadline will be auto-migrated to Ethereum L1. Funds locked in DeFi protocols cannot be automatically migrated and may become inaccessible after shutdown. Polygon first announced the sunset timeline in June 2025, providing a 12-month migration window. A dedicated claim interface will be available for eligible wallet-held assets after the shutdown. Polygon Issues Final Reminder Ahead of zkEVM Mainnet Beta Shutdown Polygon Labs has issued a final reminder to users ahead of the planned shutdown of the Polygon zkEVM Mainnet Beta sequencer on July…

$BNB Chain has published a guide for moving assets from a centralized exchange to $BNB Chain, as European crypto users adjust to new rules under the Markets in Crypto-Assets framework. The guide explains how users can hold crypto in their own wallets and connect directly to decentralized apps. Meanwhile, the timing follows the end of MiCA’s transition period on July 1. As previously reported, MiCA now requires crypto firms to hold CASP licenses to keep serving users under the EU rulebook. The change has pushed users to check whether their exchanges can still offer services in the bloc. MiCA took…

Strategy Inc. (NASDAQ: MSTR) shares fell more than 10% Tuesday to $92, a two-year low, as bitcoin cratered below $60,000 and an analyst note from CryptoQuant warned the company has overextended itself and should halt bitcoin purchases before its financial situation deteriorates further. Bitcoin fell to roughly $59,000 on the day, a drop of more than $6,700 or about 5%, its worst single-day loss in months. The selloff sparked a liquidation cascade across crypto derivatives markets, with roughly $1.1 billion in leveraged positions forcibly closed within a 24-hour window. The move pushed bitcoin below the average cost basis for all…

Tron founder Justin Sun announced on X that the total value locked (TVL) of $USDD deposits on the Tron-based DeFi protocol Just ($JST) has surpassed $400 million. The milestone underscores growing demand for stablecoins within the Tron ecosystem and highlights the expanding role of decentralized finance (DeFi) on the network. What $USDD Deposits Mean for Tron’s DeFi Ecosystem $USDD is a native stablecoin of the Tron blockchain, designed to maintain a $1 peg through a reserve mechanism managed by the Tron DAO. These reserves include Bitcoin ($BTC), Tron’s native $TRX token, and $USDT, providing a multi-asset backing intended to stabilize…

Italy’s Bancomat has accelerated its digital payments strategy after securing support from nine major Italian banks for its EUR.bank stablecoin initiative. The payments company confirmed that the participating lenders will begin internal testing as the project moves closer to regulatory review. The development signals growing interest among traditional European banks in blockchain-based payment infrastructure despite rising caution from the European Central Bank toward stablecoins. The founding banking partners include Banca Generali, MPS, Sella, BPM, BPER, Cassa Centrale, CREDEM, Crédit Agricole Italia, and Intesa Sanpaolo. Bancomat stated that the initial phase will focus only on internal operational testing. Hence, customers will…

Bitcoin BTC$65,712.84 and the broader crypto market has cooled off on Tuesday, but a handful of tokens continued their surge. Hyperliquid’s $HYPE, Uniswap’s $UNI and Worldcoin’s $WLD all posted double-digit gains, extending rallies that have made them some of this week’s standout performers. $HYPE surged as much as 13% to a fresh record above $76 before paring some gains. The token is now up nearly 200% in 2026, making it one of the best-performing large-cap crypto assets this year. Hyperliquid operates a blockchain-based exchange that allows users to trade perpetual futures through an onchain order book. Investors increasingly see the…

Bitcoin price has crashed through $60,000, touching lows not seen since October 2024 and erasing months of gains in a matter of days. At press time, bitcoin price trades at $59,566 — down more than 10% in 24 hours and roughly 53% off its all-time high of $126,277 set last October. The drop has been brutal, fast, and — for many holders — a gut punch that raises a question nobody wants to ask: how much lower can this go? No single event really broke bitcoin price. What happened instead was a convergence of bad news that hit all at…

For years, institutional investors have looked at Ethereum staking from a distance — attracted by the yields, but held back by the operational complexity and locked liquidity. Anchorage Digital is now directly targeting that gap. The federally chartered crypto bank has integrated Lido, Ethereum’s largest liquid staking protocol, giving institutional clients a compliant, seamless path to $ETH liquid staking without ever leaving its regulated custody environment. Key takeaways Anchorage Digital has integrated Lido, enabling institutions to mint and redeem wstETH directly within its regulated platform. wstETH accrues Ethereum proof-of-stake staking rewards while staying fully liquid and transferable — solving the…