Author: NBTC

Cardano ($ADA) founder Charles Hoskinson made statements regarding Cardano’s partner chain model and the importance of the Midnight project to the ecosystem. Hoskinson stated that the modular structure allows new technologies to be integrated into the ecosystem without unnecessarily burdening Cardano’s core protocol. According to Hoskinson, Midnight possesses advanced technology that, if directly integrated into Cardano’s base layer, could make the protocol more complex, costly, and risky. Therefore, the partner chain model allows for the development of different use cases through separate modules while maintaining Cardano’s security. Hoskinson stated, “Thanks to modularity, we can integrate the most advanced solutions into…

Ondo Finance is launching Ondo Perps, an on-chain platform designed for perpetual futures trading in U.S. stocks, exchange-traded funds (ETFs), and commodities, providing eligible traders (from outside the U.S.) with leverage of up to 20x on such stocks as Apple (AAPL), Nvidia (NVDA), and Tesla (TSLA), among others. Over the weekend, the project aimed to create hype about its launch via posts on its official X account. The company wrote on Monday, “Tomorrow. Equities are going perpetual.” The first post attracted attention to the level of leverage – “Up to 20 x leverage.” In the second post, Ondo stated that…

A viral social media post claiming Ethereum controls 87% of the global stablecoin supply has sparked debate within the $XRP community. However, the chart behind the claim excluded Tron, one of the largest stablecoin networks. The discussion comes as stablecoin activity reaches new highs. At the same time, Ripple’s $RLUSD continues to gain traction on the $XRP Ledger. Ethereum and Tron Control 81% of the Market Notably, a crypto user shared Artemis data claiming Ethereum now controls 87% of the stablecoin supply. Longtime $XRP critic on X, @ScamDetective5, used the post to further criticize $XRP, saying, “The $XRP Ledger is…

Bitcoin price has fallen to a make-or-break support zone near $59,000 after losing a key Fibonacci level that traders viewed as the last major defense before a deeper selloff. According to data from crypto.news, Bitcoin ($BTC) price dropped to around $59,175 on June 24, extending a pullback that has erased nearly all of the recovery from this month’s low. The decline came after price failed to hold above the 78.6% Fibonacci retracement level near $64,270, a zone many traders consider the final support before a full retracement of a prior rally. The move has returned Bitcoin to the 100% Fibonacci…

In brief OpenAI said it recently submitted a confidential S-1 registration statement for a potential IPO. The company has not decided when—or whether—it will move forward with a public offering. The filing follows months of speculation that OpenAI was preparing to enter public markets. ChatGPT developer OpenAI confirmed Monday that it has confidentially filed an S-1 registration statement for a potential initial public offering, a move that formally begins the process of becoming a publicly traded company. “We recently submitted a confidential S-1,” the company wrote in a post on X. “We expect it to leak, so we’re just announcing…

Ripple has highlighted the growing utility of $XRP, with Flare co-founder and CEO Hugo Philion explaining how Flare is giving $XRP holders access to new use cases. Speaking on Ripple’s Onchain Economy series, Philion said Flare aims to extend the $XRP ecosystem by bringing $XRP into a smart contract environment. This allows $XRP holders to access decentralized finance (DeFi) applications and other blockchain-based services. Flare Connects $XRP to Smart Contracts Philion described Flare as a Layer-1 network focusing on interoperability and data protocols. One of its key products is FXRP, a bridge that connects the $XRP Ledger to the Flare…

South Korea’s three largest cryptocurrency exchanges — Upbit, Bithumb, and Coinone — have simultaneously placed Bonk ($BONK), a Solana-based meme coin, on their delisting watchlists. The coordinated action signals heightened regulatory scrutiny and potential removal of the token from trading platforms in one of the world’s most active crypto markets. Coordinated Watchlist Designation On March 28, 2025, each exchange published separate notices announcing the designation. While the exact reasons vary slightly by platform, common factors include concerns over the project’s transparency, token distribution, and compliance with South Korea’s Virtual Asset User Protection Act. The act requires exchanges to conduct regular…

Increased speculation on meme coins resulted in higher on-chain activity levels on Solana and $BNB Chain during the week. On-chain activity on Solana increased by 38%, reaching 31.4 million active addresses; on $BNB Chain, on-chain activity increased by 45% in trading volume over the period, according to DefiLlama data. The surge suggests a strong level of interest in trading. However, the unprecedented rise in activity in wallets and transaction volume does not signify sustainable adoption of the network because trading activities with meme coins involve limited, fleeting periods of profitability. The jump is connected to the trading of coins like…

Maelstrom CIO and BitMEX co-founder Arthur Hayes has rejected accusations that he is using his X influence to create exit liquidity for his own trades. The allegations came from on-chain investigator ZachXBT, who accused Hayes of promoting cryptocurrencies such as Zcash, $NEAR Protocol, and Hyperliquid before selling his holdings and leaving followers with losses. How much exit liquidity was created from your followers over the past couple days? First $NEAR $HYPE $ZECNow $WLD pic.twitter.com/vyDXwCHRwO — ZachXBT (@zachxbt) June 6, 2026 Hayes Denies Claims In response, Hayes argued that he neither manages money for others nor provides financial advice. He stressed…

The total non-sports volume across two of the largest prediction market platforms, Kalshi and Polymarket, crossed the $4 billion mark for the first time, closing at $4.4 billion last week. Kalshi accounted for nearly 86% of that volume, notching up a new non-sports weekly high of $3.8 billion. What makes this figure really shine through is the fact that this is happening in the middle of a World Cup that has been driving record sports volume onto both platforms since June 11. Source: Artemis Since the start of the year, weekly non-sports numbers were ranging from $1 billion to around…