Author: NBTC

Manifund, a charity founded by Austin Chen that focuses on AI and effective altruism causes, has created quite the stir by admitting to hiring disgraced CEO of Alameda Research, Caroline Ellison. While the controversy is fascinating, the history behind it is detailed, lengthy, and bizarre. In March of 2022 Chen’s organization, then called Manifold Markets, applied for $500,000 in funding from the FTX Future Fund, the philanthropic arm of FTX, to setup Manifold For Charity (now known as Manifund). Most notably, two important EA figures helped run the Future Fund, and therefore helped approve Chen’s grant application: William MacAskill and…

Bubblemaps, the onchain intelligence platform, is rolling out a major platform revamp today, headlined by a new feed built for memecoin tools and token research. Rather than surfacing every new token, the feed screens them first, filtering out tokens showing insider clusters and bundles, two of the clearest onchain signals of coordinated manipulation, before they ever reach a user’s screen. The distinction matters for token analysis. A bundle flags wallets that bought within the same block or seconds of launch, typically a sign of sniping bots or a team pre-loading its own token. A cluster flags wallets linked by shared…

Bitcoin price is trading near $77,000 ahead of today’s Federal Reserve decision after another attempt to reclaim $80K lost momentum. Rising Treasury yields, a stronger dollar and expectations for tighter monetary policy have kept pressure on risk assets, while $BTC remains below the upper end of its recent range. The Fed decision now provides the market’s next major catalyst, with the rate move and forward guidance likely to determine whether Bitcoin can recover toward $80K or extend its decline toward lower support. Fed Meeting Today Set the Stage for Bitcoin’s Next Move The broader crypto and stock market are heavily…

A trio of former executives from Danish digital bank Lunar has decided that spreadsheets and human-only bookkeeping have run their course. Together with a professional auditor, they’ve raised €8.2 million to build Repodo, a startup betting that artificial intelligence can finally break into the notoriously conservative audit market, starting with small businesses in Denmark rather than the multinational giants that dominate the industry today. Key takeaways Repodo raised €8.2 million to launch an AI-powered audit firm, with the round led by Hedosophia and Seed Capital. The company was founded by three former Lunar executives alongside professional auditor Anders Houmann. The…

Toly recently shared insights on why startups are increasingly choosing Solana for their projects. He underlined the platform’s speed, cost efficiency, and user engagement potential as key factors driving this trend. As more startups flock to Solana, this could significantly influence market dynamics in the blockchain space. For more details, check out Toly’s tweet. What Happened The cryptocurrency landscape is witnessing a notable shift as startups increasingly opt for Solana due to its competitive pricing and rapid transaction capabilities. With recent discussions highlighting Solana’s advantages, it’s evident that this trend could reshape the market as more entrepreneurs recognize its potential.…

X has launched its Cashtag Partner Program in the US, allowing users to move from financial conversations on the platform directly to participating brokerages. At launch, supported brokerage partners include Interactive Brokers, Moomoo, Gemini, Kraken and Coinbase. Cashtags on X turn ticker symbols for stocks, ETFs and cryptocurrencies into interactive destinations containing price information and related posts. Under the new program, supported Cashtags will also include a Trade option linking users to participating brokerages. Users can tap a Cashtag to view the asset’s price chart and related posts, then select a brokerage partner and log in or create an account…

U.S. spot bitcoin $BTC$75,879.65 ETFs shed $450 million on Tuesday, according to SoSoValue, the heaviest single-day outflow since June 25, after the U.S. Senate declined to advance the Digital Asset Market Clarity Act. Bitcoin $BTC$75,879.65 is little changed since midnight UTC, after dropping following the vote, which garnered around 10 fewer votes than the 60 required. Among those opposing the motion were seven Democrats who had spent months negotiating the text.The CoinDesk 20 Index also held its loss, dropping less than 0.1% since midnight after falling 4.6% on Tuesday in the steepest decline since June 5. Attention now switches to…

The9’s second-quarter profit was driven by accounting for its 9BIT token holdings rather than its operating businesses, with one fair-value gain alone exceeding the company’s bottom line. The Nasdaq-listed company reported $32.4 million of net income for the quarter ended June 30, up from $22.6 million in the first quarter. Yet The9 recorded only $712,000 of revenue, zero cryptocurrency-mining revenue and a $13.4 million loss from operations. Token income outweighed operations Below the operating line, The9 recognized a $47.2 million fair-value gain on 9BIT tokens and an additional $11.1 million cryptocurrency reward. Together, those two items totaled $58.3 million, more…

MemeCore is being judged by a live market near $1.13, while MemeToro is being judged by what its AI memecoin launchpad could become. This makes a direct price comparison difficult, but it also shows why both projects are getting attention. MemeCore has an established token with visible support and resistance levels. For $MT to challenge MemeCore’s momentum, it will need more than a strong presale. It needs useful tools, a working AI agent, secure smart contracts, and real users who want to launch or trade memecoins through the platform. The potential is large because utility can create demand, but execution…

Ripple CEO Brad Garlinghouse believes that cryptocurrency will ultimately prevail regardless of whether the closely watched Clarity Act manages to clear Congress. During his appearance at a digital asset event in Kansas City on Tuesday, Garlinghouse reiterated his support for the landmark crypto market structure bill. However, its potential failure will not kill the industry, according to the influential executive. “When you have a technology that’s better, faster, stronger… that usually wins,” Garlinghouse said. The Ripple boss argued that the existing financial system has failed to keep pace with technological change. Garlinghouse has also questioned why the United States would…