Author: NBTC

A transaction on the Ethereum ($ETH) network has attracted significant attention in the cryptocurrency market. According to on-chain data, a user exchanged approximately $50.4 million worth of $USDT for only about $36,000 worth of $AAVE, resulting in a loss of over $50 million. The identity of the user who lost $50 million due to a major mistake has not been revealed, but it is believed to be Garrett Jin, a Bitcoin supporter. According to the on-chain analytics platform Lookonchain, Bitcoin supporter Garrett Jin is suspected of making a mistake in a $50 million $USDT swap. According to Lookonchain, the anonymous…

US President Donald Trump has announced an immediate 5 percentage-point increase in the global tariff rate, bringing the new rate to 15% from an initial 10%. Usually, the crypto market experiences a major sell-off following tariff announcements. Even so, the market remained unchanged despite the latest news. The announcement, intended to address trade imbalances and boost US industry, immediately sparked uncertainty among investors about the broader economic outlook and ongoing legal and political battles. Regarding the crypto market, reliable sources noted that Bitcoin’s price was roughly $68,000 and that Ether’s price remained relatively stable at the time the new tariff…

Europe’s regulated stablecoin market is growing under the Markets in Crypto-Assets Regulation (MiCA), but one entire category remains empty. Nearly two years after MiCA took full effect, not a single asset-referenced token has been authorized in the EU. Data from the European Securities and Markets Authority (ESMA) shows 19 licensed issuers and 29 regulated stablecoins, while the parallel track for commodity- and basket-backed tokens is at zero. What the Numbers Actually Show MiCA, which came into full force on December 30, 2024, splits regulated stablecoins into two distinct categories. Electronic money tokens (EMTs) are backed by a single fiat currency.…

One of the most important aspects of risk assessment in the cryptocurrency exchange sector is transparency. Although proof of reserves (PoR) is offered by many platforms, not all implementations actually provide the same degree of dependability or verifiability. There is a big difference between exchanges that offer strong reserve verification and those that are still rather opaque, according to recent transparency rankings. Top spots KuCoin presently holds the top spot in the Proof-of-Reserves Transparency Score, earning an A+ rating with a score of 96 points, according to CryptoQuants transparency data. Several verifiable methods, such as publicly accessible wallet addresses, monthly…

PIP Labs, the company behind Story Protocol, a layer-1 network for licensing and maintaining intellectual property, has let go of several employees as it explores opportunities associated with artificial intelligence. The reductions include five full-time employees and three contractors, representing around 10% of staff contributing to Story across various entities, the company told Decrypt. That includes the Story Foundation and infrastructure layer Poseidon, according to Story Chief Protocol Officer Andrea Muttoni. “PIP Labs is sharpening focus [through] a small workforce adjustment,” she said in a statement to Decrypt, noting that the company has begun leaning into IP infrastructure for AI,…

Cryptocurrency analytics company Santiment has shared the DeFi projects that developers are focusing on the most, based on GitHub data from the last 30 days. According to data shared by the company, developer activity has been observed to be at high levels in some major DeFi projects, with oracles, liquidity protocols, and decentralized finance infrastructures standing out in particular. According to Santiment’s analysis, ChainLink ($LINK) topped the list. The project, a key component of the DeFi ecosystem with its Oracle infrastructure, ranked first with a developer activity score of 267.23. DeepBook Protocol ($DEEP) came in second with 114.9 points, while…

Arkham Intelligence flagged a crypto whale whose Hyperliquid account has been drained from near nine figures to $8,500 in six months. The trader behind the losses has a long history of controversial crypto ventures, failed projects, and on-chain investigations. $ETH technicals remain bearish across daily, weekly, and monthly timeframes, with analysts watching one key level this week. Six months ago, crypto whale Machi Big Brother started leveraging long on Ethereum when $ETH traded near $4,700. Today, on-chain intelligence firm Arkham flagged what’s left of that bet: just $8,500 in his Hyperliquid account. MACHI BIG BROTHER HAS $10K LEFTIn the last…

A set of new ETF filings wants to turn election outcomes into brokerage-account tickers. If approved, they’d also make “political risk” a tradable product on the same rails that already carry spot Bitcoin ETFs, pulling attention, liquidity, and regulatory pressure into the same lane. Roundhill, GraniteShares, and Bitwise’s PredictionShares brand propose funds that track binary “event contracts” tied to US political outcomes, such as which party wins the presidency and which party controls the House or Senate. These contracts trade between $0 and $1 in a way that resembles a probability, then settle at $1 for “yes” and $0 for…

US federal prosecutors have filed a civil forfeiture action to recover roughly 3.44 million USDt tied to an alleged online crypto investment scam that targeted victims across several states. According to a Tuesday announcement from the US Attorney’s Office in Boston, the funds were linked to a scheme that persuaded victims to send cryptocurrency to wallets controlled by scammers. Authorities said they seized the USDt ($USDT) in February and March 2025, and are now asking a court to authorize the permanent forfeiture of the assets. “In such fraud schemes, scammers obtain funds from victims using manipulative tactics,” prosecutors said, adding…

In a significant on-chain movement that captured immediate market attention, cryptocurrency market maker Flowdesk executed a substantial transfer of digital assets to a major exchange, potentially signaling a strategic shift. According to blockchain analytics provider Onchain Lens, an address linked to Flowdesk deposited assets worth approximately $28 million to Binance within a tight twenty-minute window. This transaction involved 1.61 million Chainlink ($LINK) tokens, valued at $15.19 million, alongside 6,091 Ethereum ($ETH) worth $12.92 million. Consequently, market observers and analysts swiftly began scrutinizing the implications of this sizable movement from a key institutional player. Flowdesk’s Major Binance Deposit: Transaction Breakdown The…