Author: NBTC

Babylon, a rising player in self-custody solutions within the cryptocurrency ecosystem, unveiled new details about its Trustless Bitcoin Vault (TBV) protocol and forward-looking plans during its fourth-quarter founders’ meeting. The call, which featured company co-founders and Marketing Director Tristan Dickinson, reaffirmed Babylon’s vision for decentralized finance (DeFi) backed by Bitcoin and announced that the protocol’s latest testnet will launch in the final week of May. New era for secure, bridge-free DeFi The Babylon team emphasized that their TBV protocol enables Bitcoin holders to securely lock up assets directly under their control and leverage them on DeFi platforms such as Ethereum…

The Ethereum Foundation’s recent wave of departures is reigniting an old debate inside the crypto industry: what is going on with the main steward behind Ethereum, and why does the community know so little about what is happening behind the scenes? Days after several high-profile figures shared they had left the Ethereum Foundation (EF) amid an internal shakeup, community members on X began openly questioning the organization’s direction, leadership structure and communication practices. “What’s happening at the EF?” crypto commentator Andy, the co-founder of the Rollup podcast, wrote in a post on X. Others echoed similar frustrations, arguing the EF…

Morgan Stanley’s investment management arm has launched “Stablecoin Reserves Portfolio,” an offering that allows stablecoin issuers to park the reserves backing their stablecoins in one of the bank’s money market funds while earning interest.The offering is part of the Morgan Stanley Institutional Liquidity Funds trust (MSNXX), which aims to preserve capital, provide daily liquidity and distribute income while maintaining a $1 net asset value, Morgan Stanley said on Thursday. “Developing innovative ways to work with stablecoin issuers is another step towards modernizing the financial infrastructure,” said Amy Oldenburg, head of Morgan Stanley’s digital asset strategy. The bank said the offering…

The team behind World Liberty Financial ($WLFI), a decentralized finance project associated with the Trump family, has burned 100 million $WLFI tokens over the past 19 hours, valued at approximately $6.67 million. The move was first reported by blockchain analytics platform EmberCN, which identified the burning address as belonging to the project’s team. Details of the Token Burn According to EmberCN, four team-linked addresses transferred a total of one billion $WLFI tokens to an unlocked vesting contract. From that pool, 10%—or 100 million tokens—were permanently removed from circulation through a burn mechanism. The remaining 900 million tokens remain in the…

US authorities have unsealed an indictment against three men accused of stealing at least $6.5 million in a “violent robbery spree targeting cryptocurrency owners.” The Justice Department said in a statement Monday that a federal grand jury indicted three men for allegedly planning to kidnap and rob four people around San Francisco and Los Angeles for their crypto. The trio, Elijah Armstrong, Nino Chindavanh and Jayden Rucker, are alleged to have posed as delivery drivers to force their way into residences and use threats of violence to extract crypto seed phrases. So-called wrench attacks, where crypto owners are subject to…

Gold just had its worst week in 43 years and Bitcoin hasn’t followed it lower. Michaël van de Poppe sees a $77-80K target forming as Bitcoin prints constant higher lows since February. Cathie Wood’s data shows gold’s big moves have historically preceded Bitcoin’s biggest rallies. Gold’s worst week in 43 years already happened. The question now is what Bitcoin does next. Bitcoin is currently trading at $70,951, holding above the higher lows it has been printing consistently since the February crash. While gold sits at $4,381 – down over 12% in a week – and silver has fallen to $68.8,…

The Ethereum price pullback toward $2,100 has turned a short-term price correction into a broader test of the market’s conviction in one of crypto’s largest assets. Data from CryptoSlate show that $ETH has fallen nearly 10% over the past week, wiping out its May gains and bringing traders’ focus back to the $2,000 level. This price performance came as selling pressure spread across spot markets, derivatives, and regulated investment products. The weakness has left Ethereum price caught between two competing forces. In the near term, rising oil prices, exchange inflows, aggressive futures selling, and ETF redemptions have weighed on the…

The U.S. government is holding an unrealized gain of roughly $26.5 billion on its Intel (INTC) stake after the chipmaker’s shares jumped more than 22% in pre-mrket trading on Friday, following a stronger-than-expected first-quarter earnings report. The position stems from an August deal in which the Trump administration converted $8.9 billion in CHIPS Act grants and Secure Enclave funding into 433.3 million Intel shares at $20.47 apiece, giving it about a 9.9% ownership stake. With Intel trading near $81.80 in pre-marketing trading Friday, the holding is now valued at approximately $35.4 billion, nearly tripling in less than a year. The…

JPMorgan just connected two landmark moves in a single week, and the $XRP Ledger sits at the center of both. One week after using the $XRP Ledger to settle a tokenized Treasury redemption in under five seconds. JPMorgan filed with the SEC on May 12 to launch a brand new tokenized money market fund. The fund, ticker JLTXX, is designed explicitly as a $GENIUS Act-compliant reserve asset for stablecoin issuers. JPMorgan news today is writing the blueprint for how Wall Street integrates with blockchain infrastructure. The JLTXX Fund and What It Actually Is The JPMorgan OnChain Liquidity-Token Money Market Fund…

MetaMask developer Consensys has formally requested that the U.S. Securities and Exchange Commission (SEC) exempt self-custody wallet providers from broker-dealer registration requirements, arguing that recent agency guidance has created an unintended regulatory gap affecting the vast majority of crypto tokens. In a comment letter submitted on May 11, the company warned that the current framework is practically unworkable for wallet providers and could push the market overseas. The Regulatory Gap Explained The SEC’s Division of Trading and Markets previously issued a staff statement clarifying that self-custody platforms used solely for trading crypto securities do not need to register as broker-dealers.…