Author: NBTC

NewLimit, a longevity biotech startup co-founded by Coinbase CEO Brian Armstrong, has raised $435 million in Series C funding to move its first age-reprogramming medicine toward human trials. NewLimit Secures $435M Series C NewLimit announced the funding round on June 2, saying Founders Fund led the raise. New investors Thrive Capital, Greenoaks and Quiet Capital joined the round, while existing backers Kleiner Perkins, Abstract, Nat Friedman and Daniel Gross, Valor Equity Partners, Eli Lilly Ventures and Human Capital also took part. The company said it will use the funds to push its first aging reprogramming drug into human clinical trials…

The Tron ($TRX) blockchain has achieved a new milestone, processing a record 14.3 million daily transactions on June 10, founder Justin Sun announced. The figure, confirmed by the Tron blockchain explorer Tronscan, marks the highest single-day activity in the network’s history. Current daily transactions have since settled to approximately 12.4 million, indicating sustained high usage. Record activity underscores network demand The surge in transaction volume reflects growing demand for Tron’s layer-1 blockchain, which is widely used for decentralized applications (dApps), stablecoin transfers, and decentralized finance (DeFi) protocols. Tron has positioned itself as a high-throughput, low-cost alternative to Ethereum, particularly for…

Pakistan Virtual Assets Regulatory Authority (PVARA) chairman Bilal bin Saqib has called for continued dialogue on the treatment of digital assets under Islamic law after meeting prominent scholar Mufti Taqi Usmani, who backed a ruling against purchases made with crypto. In a Saturday post, Saqib said the discussion covered blockchain technology, digital assets, stablecoins and tokenized real-world assets (RWAs), as well as the need to protect Pakistanis from fraud, exploitation and financial harm. Saqib said the different categories of digital assets merit “careful technical assessment alongside rigorous Shariah examination, rather than being viewed through a single lens.” The exchange highlights…

Large Shiba Inu coin holders have staged a systematic exodus from exchanges, moving tokens into long-term storage. According to analytics platform CryptoQuant, $SHIB’s net flow on trading platforms has remained negative for a record eight consecutive days since July 3. So-called smart money, which controls up to 94.5% of the token’s supply, has reduced selling and withdrawn hundreds of billions of tokens to “cold” wallets over this period. The movement of tokens over the past 24 hours is reflected in the following metrics: Massive outflow: 226.3 billion $SHIB left exchange accounts for private addresses. Modest inflow: Around 131 billion $SHIB…

Bitcoin mining company LM Funding America has announced it will officially rebrand as PowerCompute on July 22, local time. The company’s stock ticker will also change from LMFA to PWCM, marking a strategic pivot toward high-performance computing (HPC) and artificial intelligence (AI) infrastructure. Strategic Shift Toward AI and HPC According to the company, the rebranding reflects a broader strategic shift to expand its HPC and AI infrastructure businesses. PowerCompute plans to leverage its existing 26-megawatt power infrastructure to support these new ventures. The company emphasized that it will continue its strategy of holding Bitcoin on its balance sheet, maintaining a…

Gold and Bitcoin are continuing to see investor exits as the ‘debasement trade’ unwinds following slow progress as far as U.S-Iran talks are concerned. In fact, Bloomberg ETF analyst Eric Balchunas noted that the macro hedges are close to ‘becoming roomies’ in terms of capital outflows. After the gold rush: GLD and GDX hangover getting worse, rough year, and now short interest has spiked 80% and 50% respectively via S3 data. Fast on the way to becoming roomies with bitcoin in the proverbial doghouse. Source: X GLD tracks long commodity investors (gold) while GDX tracks long equity positions. For gold,…

Yoshitaka Kitao, CEO of Japanese financial giant SBI Holdings, has attributed the sluggish price action to a massive capital rotation. According to Kitao, who recently weighed in on the current market downturn on the X social media network, institutional investors are raising cash and liquidating digital asset positions to prepare for a wave of blockbuster initial public offerings (IPOs) in the United States. The crypto market is being temporarily starved of liquidity as institutional “smart money” sets capital aside to acquire shares in SpaceX, Anthropic, and OpenAI. These highly anticipated stock market debuts require enormous amounts of capital. Hence, investors…

Early Warning Services, the financial technology company that operates the widely used U.S. peer-to-peer payment network Zelle, has announced the launch of its own dollar-pegged stablecoin, ZLUSD. Alongside this digital asset debut, the company revealed it will roll out an international remittance service, selecting India as the first market for cross-border money transfers. The move signals a significant strategic pivot for Zelle, which has traditionally focused on domestic, real-time payments between U.S. bank accounts. By issuing a proprietary stablecoin and building a remittance corridor to India, Early Warning Services is directly entering the competitive global payments arena, challenging established players…

Thailand’s central bank is tightening its grip on large cash movements and high-value stablecoin flows, with $USDT now firmly in the crosshairs of regulators. The Bank of Thailand is introducing a requirement that anyone depositing THB 5 million ($150,000) or more in cash must verify the source of those funds — a threshold that signals just how seriously Bangkok is treating the intersection of digital assets and financial compliance. Key takeaways The Bank of Thailand requires source-of-funds verification for cash deposits of THB 5 million ($150,000) or more. Thailand’s SEC and the Bank of Thailand are jointly reviewing large stablecoin…

World, a Chainlink-powered prediction market launched in the Phantom wallet on Solana on July 1, said recently that it is moving to Robinhood Chain. The move shifts the project from Solana’s crypto-focused users to Robinhood’s roughly 28 million customers, prompting some users to accuse it of using Solana to gain attention before leaving. After more than two years of teasers, the concept debuted in Phantom, a well-known Solana wallet. It allowed players to wager on the price of Bitcoin and the 2026 FIFA World Cup, with rewards issued in Phantom’s CASH stablecoin and results validated by Chainlink. The initiative closed…