Author: NBTC

Ark Invest, the asset management firm led by Cathie Wood, sold approximately $7.53 million worth of Robinhood Markets stock on June 10, according to data from ArkInvestTracker. The transaction reflects a routine portfolio rebalancing move by the firm, which is known for its active management of exchange-traded funds focused on disruptive innovation. Details of the Trade The sale involved shares of Robinhood (HOOD), the commission-free trading platform that has become a household name among retail investors. Ark Invest did not disclose the exact number of shares sold, but the total value was reported at $7.53 million based on the stock’s…

Prominent $XRP commentator Bill Morgan has opined that San Francisco-headquartered firm Ripple should speed up the release of its escrowed tokens, which remain a hot topic of debate within the community. Based on current distribution rates, Ripple’s massive stash of locked tokens could take nearly a decade to be fully emptied out. Morgan argues that a swifter release schedule could actually unlock $XRP’s true potential. “Ripple should release more of the 1 billion each month and not lock so much back in escrow,” Morgan shared on the X social network. “The sooner it is all released from escrow, and the…

NeoPod, Neo’s community ambassador program, will host its second AMA session on Saturday, July 6, with grassroots community builder Aziz. The text-based AMA will run at 6:00 p.m. (UTC) in the #Proposal-Questions-AMA channel of the NeoPod Discord server. Aziz is an independent community member who is best known as the builder behind NeoRedPill, a Matrix-inspired memecoin on the Neo N3 blockchain, and NeoUltimateShop, a web store for Neo-related merchandise. Aziz has been involved in Neo since 2017. The session follows NeoPod’s first AMA on June 10, which featured NNT writer and editor Dylan Grabowski discussing governance and ecosystem strategy. NeoPod…

SpaceX (SPCX.O) made a historic entrance to public markets on June 12, with its stock surging 19% on its first day of trading on the Nasdaq. The aerospace manufacturer’s market capitalization surpassed $2 trillion, making it the sixth-largest company in the United States by market value. A Landmark Debut Trading began late in the morning, and the stock remained relatively stable throughout the session, fluctuating between 15% and 30% above its June 11 initial public offering price. Shares closed at approximately $161, though the final settlement price has yet to be confirmed by the exchange. Trading volume exceeded 500 million…

According to Shibburn’s website, just $13 worth of $SHIB was burned in the last 24 hours. 2.69 million $SHIB were burned in the past day, amounting to just $13, with the daily burn rate plunging 74%. Shiba Inu’s burn rate has seen a decline since June 20, when 8,795,791 $SHIB was burned. In the last seven days, Shiba Inu’s burn rate was down 19.11%, despite 37.69 million being burned in the timeframe. This drop follows the trend seen in the past week, marked by selling across the board in the crypto market. In this light, Shiba Inu fell for six…

Crypto theft from criminal fraud and hacking would be the jurisdiction of a new U.S. cross-agency task force contemplated in a bipartisan bill introduced on Thursday, backed by well-placed lawmakers in the U.S. House of Representatives. The Federal Cryptocurrency Theft Task Force would be led by the U.S. attorney general, according to bill text reviewed by CoinDesk, and it would involve the Department of Justice, Federal Bureau of Investigation, Department of Homeland Security and the Treasury Department, among others. The legislation is sponsored by Representative Lance Gooden, a Republican on the House Judiciary Committee, and by a Democrat on House…

Decentralized exchange Aster has announced support for perpetual futures trading using tokenized stocks as collateral, marking a notable integration between traditional equity markets and decentralized finance. The exchange confirmed the development via its official X account, stating that users can now deposit tokenized stock tokens from Binance’s bStocks platform into a $BNB Chain futures account and activate a multi-asset mode to unlock collateral functionality. How the Collateral System Works According to the announcement, users holding bStocks tokens can leverage up to 90% of their value as collateral for opening and maintaining perpetual futures positions. This mechanism allows traders to keep…

MoneyGram said Monday it has become a validator on the Solana (SOL) blockchain, the latest step in the remittance firm’s ongoing push into crypto infrastructure as it builds payment services around stablecoins. By operating a validator, MoneyGram will help process transactions and secure Solana’s proof-of-stake network, becoming a key part of the infrastructure that keeps the network running. The company also joined Solana Developer Platform, an initiative aimed at helping institutions build financial products on the blockchain. The move comes weeks after MoneyGram unveiled its MGUSD stablecoin on the Stellar blockchain, a sign of the company’s growing commitment to blockchain-based…

One of the most significant macroeconomic developments of the month is about to begin for markets, as the U.S. CPI report is expected to be released in two days. The April Consumer Price Index (CPI) report may help cryptocurrency traders decide whether Bitcoin will experience another wave of volatility brought on by shifting Federal Reserve expectations, or continue its recent comeback toward new highs. Effect on Bitcoin Bitcoin is currently exhibiting significant technical momentum. Following its recent recovery of the 50-day and 100-day moving averages, Bitcoin is currently making an effort to break through the psychologically significant $82,000 area. Higher…

$NEAR has announced SPICE, its next major protocol update. SPICE, an abbreviation for “Separation of Consensus and Execution,” is seen as a significant step in the network’s Nightshade 3.0 roadmap. According to $NEAR, the update will reduce block times on the network from the current 600 milliseconds to 200 milliseconds. This represents approximately a threefold increase in speed. The SPICE update is fundamentally based on separating the consensus layer from the transaction execution layer. This allows validators to reach consensus on blocks without waiting for transaction execution. The goal is to reduce network latency and support more complex, longer-running transactions.…