Author: NBTC
Decentralized exchange (DEX) dYdX said it bought Pocket Protector, a social-trading startup known for its Telegram-based trading bot. The financial details of the deal were not revealed. The eight-year-old company known for its derivatives market also said it appointed Pocket Protector co-founder Eddie Zhang, who previously worked at Meta and Amazon, as its new president. The purchase comes about a year after Bloomberg reported that dYdX was looking for a buyer itself. The acquisition positions dYdX for its next phase of growth in the increasingly competitive decentralized finance (DeFi) derivatives market, pushing into social trading to compete with newer, more…
Imagine a future where your national currency is entirely digital, issued and backed by your central bank, offering instant transactions and enhanced security. This isn’t science fiction; it’s the evolving reality, and the Bank of Korea CBDC initiative is taking significant strides towards making it a cornerstone of South Korea’s financial future. The recent news of the Bank of Korea nearing approval for 44 trademarks related to its central bank digital currency, including familiar names like ‘Digital Won’ and ‘KRDW,’ signals a pivotal moment for the nation’s financial landscape and the broader global push for digital currencies. What’s Behind the…
Bonk surged 9.87% to $0.00001494 on July 2, extending recent gains across the Solana meme token space, according to CoinDesk Research’s technical analysis model. The move came amid fresh attention to Tuttle Capital’s proposed 2x Long BONK ETF, which has taken a procedural step forward but remains unapproved. Tuttle Capital originally filed a Form N-1A on Jan. 27, for a suite of leveraged ETFs, including a 2x Long BONK product. On July 1, the firm submitted a post-effective amendment stating that the ETF could become effective no sooner than July 16. This means the product could launch after that date,…
The leading cryptocurrency Bitcoin (BTC) surpassed its previous ATH for the first time yesterday after a difficult 4 months and reached a new ATH. Bitcoin continues to break records, rising above $111,000 in the morning hours. While it is stated that the new record in BTC is due to the increasing interest of institutional investors, the rally is expected to continue. At this point, Presto Research analyst Min Jung said that Bitcoin’s recent rise above $111,000 was largely driven by institutional accumulation, with major firms such as Strategy, Metaplanet, and Twenty One Capital making the biggest contributions. Jung noted that…
The crypto market is on the rise, with major altcoins rallying in the past 24 hours. Cardano also saw strong gains and is currently trading at $0.8534, up 5.8%. It saw a rise in trading activity, with 24-hour volume hitting $2.98 billion, up 31.3% from the previous day. Blockchain.com Adds Cardano to DeFi Wallet Cardano has just been integrated into Blockchain.com’s DeFi Wallet, opening access to 37 million users. Users can send, receive, and hold ADA directly, right alongside Ethereum, Solana, Bitcoin, and more. This update also brings support for Cardano Native Assets (CNAs), which allows access to the growing…
The cryptocurrency world is no stranger to volatility, but a recent incident in South Korea has brought the emotional and financial stakes into stark relief. The news of a South Korean man attacking Delio CEO James Jung over significant crypto losses has sent ripples through the community, serving as a powerful reminder of the intense frustrations that can arise when investments go awry. This isn’t just a story about a fine; it’s a window into the human cost of market instability and the critical need for robust investor protection. Delio CEO Attack: Unpacking the Incident In a turn of events…
TON and Avalanche active addresses more than doubled in the past month. TON derivatives show mostly bullish trader sentiment despite slight short dominance. Avalanche trading volume dropped but open interest and bullish sentiment remain high. Recent data shows a large increase in active user addresses on the TON and Avalanche blockchain networks, reflecting heightened engagement over the past month. Both networks have seen their active addresses more than double, signaling a resurgence of activity in these ecosystems. This trend is part of a broader overview of active addresses across major digital currencies spanning mid-2023 to mid-2025. Among leading blockchains, Tron…
Today, the crypto community celebrates the historic Bitcoin Pizza Day, marking 15 years since the first documented real-world Bitcoin (BTC) transaction. On May 22, 2010, Laszlo Hanyecz, a programmer from Florida, paid 10,000 BTC for two pizzas from Papa John’s. At the time, the coins were worth about $41 (each BTC ≈ $0.004). In 2025, those pizzas are the most expensive meal in history. Bitcoin continues to peak at new all-time highs, with the latest being over $111,700 in early Asian trading hours. This means that 10,000 Bitcoins are valued at over $1.1 billion. With this big sum, the possibilities…
Jerome Powell, the Federal Reserve Chair, faces a fierce barrage from a coalition of high-profile figures threatening his tenure, which extends to May 2026. Over the past two weeks, President Donald Trump, Federal Housing Finance Agency (FHFA) Director Bill Pulte, White House Press Secretary Karoline Leavitt, congressional allies and Treasury Secretary Scott Bessent have all escalated attacks, accusing Powell of mismanagement, political bias and deceptive conduct. The crypto community, keenly watching, faces uncertainty as this coalition challenges Powell’s future and the Fed’s independence. Are Powell’s days as Fed Chair numbered, or can he withstand this unprecedented storm? Trump’s long-standing feud…
The growth witnessed across the broad crypto market in recent months has extended to the Ripple ecosystem, as its USD stablecoin, RLUSD, continues to gain massive traction. Ripple Stablecoin Tracker has revealed another minting event by Ripple in a recent X post. With RLUSD increasingly inching toward half a billion in market capitalization, Ripple has just boosted its supply, as the tracker reveals the minting of 14 million RLUSD on July 2nd. The minting was carried out via the RLUSD Treasury on the Ethereum blockchain. While Ripple has been consistent with its minting spree following efforts to boost RLUSD’s availability…