Author: NBTC

Trading platform Infinex has changed the terms of its public token sale after raising just about $600,000 over the first three days, drawing criticism from traders who said the move benefited well-positioned wallets. Infinex is a noncustodial crypto trading platform that aims to simplify access to DeFi and cross-chain markets through a centralized exchange-style interface. The project had initially pitched a $5 million public raise with a three-day window and a $2,500 per-wallet cap. In a statement, Infinex acknowledged it “got the sale wrong,” saying the structure tried to satisfy too many groups at once. “Retail hates the lock. Whales…

A Glassnode blockchain researcher has debunked circulating claims that the $XRP supply on exchanges has dropped to 1.6 billion. Claims of an $XRP supply shock re-emerged after Glassnode data showed that exchange balances had fallen to 1.6 billion $XRP, representing just 2.6% of the 60.9 billion $XRP in circulation. Some commentators and media platforms interpreted this figure as the total $XRP available for sale and argued that such low exchange reserves could indicate tightening supply. However, a Glassnode blockchain researcher recently explained that the metric only tracks wallets Glassnode has identified as belonging to exchanges and that it includes custodial…

Taurus, a leading provider of digital asset infrastructure backed by Deutsche Bank, Credit Suisse, and State Street, has joined forces with Blockdaemon, which powers institutional staking across over 60 protocols, to bring institutional-grade staking services to global banks and financial institutions. With this collaboration, Taurus clients can now stake assets across major proof-of-stake (PoS) networks through Blockdaemon’s infrastructure while maintaining custody via Taurus-PROTECT, the company’s bank-focused custody solution. “Our collaboration with Blockdaemon broadens the staking services available to our institutional clients, while maintaining the security and compliance standards they expect,” Victor Busson, Chief Marketing Officer at Taurus, stated. “It’s another…

The leverage flush in the cryptocurrency market continues this week as Bitcoin, Ether, and other major cryptocurrencies are in the red. Ether is down by nearly 4% in the last 24 hours and risks dropping below the $1,900 mark if the bearish trend continues. Thanks to the latest bearish performance, over $300 million worth of leveraged positions were wiped out from the cryptocurrency market since Tuesday. Ether’s bearish performance comes despite whales slowly returning to action as they accumulate more coins during the dip. Whales resume buying more $ETH Copy link to section Whales were one one of the biggest…

According to SoSoValue data, Bitcoin spot ETFs experienced strong fund inflows. Total daily net inflows were recorded at $697 million, with BlackRock’s IBIT ETF, the market leader, accounting for a significant portion of this figure. IBIT saw a net inflow of $372 million in a single day, bringing the fund’s historical total net inflow to $62.75 billion. This further solidified BlackRock’s dominant position in the Bitcoin spot ETF market. On the same day, Fidelity’s FBTC ETF also delivered a remarkable performance, recording a net inflow of $191 million. According to the data, the total net asset value of Bitcoin spot…

Crypto industry negotiators arrived at the White House on Tuesday ready to talk about a legislative deal on stablecoin yields, but their banking counterparts weren’t yet prepared to compromise over the Senate’s crypto market structure bill, according to a person familiar with the talks. The fight over whether stablecoins should be able to offer rewards — a lobbying battle between Wall Street bankers and crypto insiders — is one of the chief headwinds keeping the Senate Banking Committee from advancing the Digital Asset Market Clarity Act. It’s now been a sticking point for months, and the banking side held their…

In a final update on its SAFU Fund Asset Conversion, Binance stated it has completed the final tranche purchase of 4,545 $BTC, completing the $1 billion transition of SAFU stablecoin reserves into Bitcoin. Binance noted that the transition was completed within 30 days of the initial announcement, as it committed. The SAFU fund now holds 15,000 $BTC, worth $1,005,000,000 at the time of completion (calculated at a $BTC price of $67,000). Binance added that the SAFU Fund, now fully in Bitcoin, reinforces its belief in $BTC as the premier long-term reserve asset. The news of Binance completing the $1 billion…

A new wave of AI agents went live on Ethereum, $BNB Chain, and Solana, using the ERC-8004 token format. The agents launched within weeks of launching the new on-chain standard. AI agents are having a revival on-chain, with a new wave of tools on Ethereum, $BNB Chain, and Solana. Some of the agents also boosted the previous leader, Virtuals Protocol. Previous agentic launches relied on tokenized agents with a predetermined personality. Several agents survive from that stage, especially crypto data and news aggregators. Some assets from the first wave of AI agent coins are still active, with a total valuation…

Ethereum price faces renewed selling pressure at $2,150 resistance, signaling a risk of prolonged downtrend. U.S. spot Ethereum ETFs are under pressure as $ETH trades well below investors’ average entry price The 20-day exponential moving average acts as the first line of defense for sellers to maintain their dominance on $ETH price movement. Ethereum’s recent rebound from last week’s sell-off has already hit a wall at $2,150. The coin price is down 3.9% today showcasing renewed selling pressure and risk of a continued correction from here. With broader market sentiment bearish and spot ETF deep below its average cost basis,…

Crypto and AI-based initial public offerings last year reportedly dragged down the performance of all US public debuts to fall behind the tech-heavy index S&P 500. Shares of all companies that went public last year, not including closed-end funds and blank-check companies, gained 13.9% on a weighted average basis, underperforming the S&P 500’s comparative 16% gain, Bloomberg reported on Monday. Last year saw some of the crypto industry’s biggest players go public as the Trump administration gave Wall Street the confidence to back crypto companies with billions of dollars. However, not every company performed. Bets on artificial intelligence companies were…