Author: NBTC

Powerloom, a blockchain network built for decentralized data infrastructure, is scheduled to halt permanently at 6:00 AM UTC on July 21. Users with POWER or other transferable assets still held on the network have under 24 hours to move them to Ethereum as of press time. Currently, Powerloom’s official wind-down page lists the bridge as active. The project’s final reminder directed users to initiate a withdrawal through the official bridge and complete the claim on Ethereum before the cutoff. The bridge only covers balances already available for transfer on Powerloom. Reward claims, unstaking, and node burns closed when mint.powerloom.network went…

Galaxy Research Director Alex Thorn said that Strategy’s capital management adjustments, announced on Monday, represent a significant milestone for the company but do not mean that structural problems have been completely eliminated. According to Thorn, Strategy’s “digital credit” system, based on preferred stock, has come under significant pressure in recent weeks. The company’s preferred stock, ticker symbol STRC, fell below its nominal value of $100, reaching a record low of $71.25 on June 26. This decline has raised questions in the markets about how Strategy will pay its increasingly large preferred stock dividends. Following these developments, Strategy announced a new…

Stablecoins nearing a $300 billion market value have prompted fresh warnings from the European Central Bank, whose officials say a digital euro is needed to protect financial stability and maintain the role of central bank money in the payments system. According to Isabel Schnabel, a member of the European Central Bank’s Executive Board, the rapid growth of stablecoins has introduced risks that could affect financial stability, monetary policy, and the international monetary system. Speaking at the 2026 Bank of Korea International Conference in Seoul on Monday, Schnabel said stablecoins remain vulnerable to runs if users lose confidence in the assets…

Leading non-custodial staking infrastructure provider Everstake remains confident about Cardano’s outlook for the rest of the year. According to Everstake, Cardano could emerge as one of the biggest surprises in the crypto market in 2026. The firm argues that $ADA remains undervalued despite the network’s strong fundamentals and continued ecosystem development. Rising On-Chain Activity Signals Potential Reversal Everstake’s optimism stems from Cardano’s growing on-chain activity, particularly recent spikes in the Age Consumed metric. This metric tracks the movement of coins that have remained dormant for extended periods. Data from Santiment shows Cardano’s Age Consumed metric reached a five-week high on…

Solana co-founder Anatoly Yakovenko outlined the network’s long-term development path. Comparing the blockchain’s technological stages to the 12-year period between the beginning of the American Revolution and the signing of the U.S. Constitution, he made it clear that reaching the Nakamoto milestone will take years. From AI infrastructure to security Solana is currently at the stage of large-scale Model Context Protocol (MCP) deployment. It connects the blockchain with artificial intelligence, allowing AI agents to natively analyze the network and manage wallets. However, Yakovenko is looking beyond the current hype surrounding AI. His goal is the Nakamoto standard, which means a…

Bitcoin ($BTC) saw new July highs on Friday as bulls kept pushing over the US holiday period. Key points: Bitcoin sustains upside momentum as $BTC price action nears its 200-week moving average. That trend line now forms the centerpoint of a “strong resistance area.” Global equities hit record levels as Fed rate-hike odds simmer on weaker jobs data. Bitcoin buyers “chasing” as $BTC price eyes key trend line Data from TradingView showed $BTC/USD reaching $62,295 on Bitstamp, its highest since June 24. $BTC/USD four-hour chart. Source: Cointelegraph/TradingView US markets were closed for the Independence Day holiday, with the Dow Jones…

Bernie Sanders wants to take half the stock of America’s biggest AI companies and give it to the people. That’s the core pitch behind the American A.I. Sovereign Wealth Fund Act, which the Vermont senator laid out in a New York Times op-ed on June 1. The proposal calls for a one-time 50% stock tax on major AI firms, specifically naming OpenAI, Anthropic, and xAI as targets. The proceeds would establish a sovereign wealth fund designed to give American citizens direct ownership stakes in the technologies reshaping their economy. What the proposal actually does Rather than taxing corporate profits, which…

Protocol teams are reporting notable advancements in implementation, auditing, and formal verification efforts for Zcash’s impending Ironwood upgrade. Developers from various organizations have worked closely together over the last few days to address community concerns and technical issues related to one of the network’s most significant upgrades in recent years. Contributors to the project claim that protocol developers recently convened a number of meetings centered on implementation and specification specifics. The disabling of Orchard pool bundles in Coinbase transactions, improvements to hardware wallet migration through the use of anchors as authorization data, and agreement on the order in which ZIPs…

China’s State Council has announced new rules that will intensify scrutiny of outbound technology investments, with the regulations set to take effect on July 1. The move represents Beijing’s latest effort to keep Chinese capital pointed inward, toward domestic strategic priorities rather than foreign ventures. The announcement lands in a year that has already seen China’s central bank reinforce its existing bans on unauthorized cryptocurrency operations. A February notice placed further restrictions on offshore token issuance tied to domestic assets. What the new rules actually mean The State Council’s new regulations target outbound technology investments specifically. The specific sectors affected,…

Santiment, a cryptocurrency analysis platform, has announced the altcoins that stand out among projects connected to the Ethereum ecosystem, based on developer activity over the past 30 days. According to Santiment’s list based on GitHub data, MetaMask USD was the project that developers focused on the most, while Ethereum and Chainlink also ranked in the top three. Based on developer activity over the past 30 days, the following projects stand out in the Ethereum ecosystem: MetaMask USD (mUSD) – 584.1 Ethereum (ETH) – 161.23 Chainlink (LINK) – 134.73 Starknet (STRK) – 91.33 Radworks (RAD) – 90.27 Aztec (AZTEC) – 80.13…