Author: NBTC
Sky Protocol launches SKY token on Optimism to unlock faster, cheaper DeFi interactions across the Superchain ecosystem. SKY token enables staking rewards and full governance after replacing MKR in the Sky DAO migration proposal. Sky Protocol’s native token, SKY, is officially live on the Optimism network, a move that has immediately caught the attention of many crypto users. By joining the Superchain ecosystem, SKY is not only seeking technical convenience, but also broadening the stage for their ambitious vision of building a more efficient and inclusive crypto-based financial system. So far, Sky Protocol’s performance has attracted attention through the success…
The number of XRP holders has nearly doubled between October 2024 and May 2025, expanding from 1.29% to 2.42%, while Solana (SOL) experienced the opposite, falling 35% from 2.72% to 1.76%. According to Bybit’s “H1 2025 asset allocation report,” the rebalancing stems from a shift in sentiment as both retail and institutional investors have begun to favor XRP over Solana. XRP has gained momentum in recent months as its years-long legal battle with the SEC comes to a close, setting the stage for a potential spot exchange-traded fund tied to Ripple’s token. The sentiment shift has propelled XRP to the…
Ripple recently shared a rather mysterious post on X, stating: “If it’s happening onchain, it’s happening with Ripple.” The post was accompanied by a short video that includes a ticking clock, a charging bull, and directional signs pointing to Wall Street, Broad Street, and the Marunouchi Line. Naturally, this was more than enough for speculation to arise among the XRP and crypto community in general, as the post points to Ripple’s role in bridging traditional financial centers with global institutional infrastructure. Mysterious X Post Points to Financial Hub Integration The most interesting part is the inclusion of the Marunouchi Line,…
A Singapore court has granted the Indian cryptocurrency exchange WazirX an extension on a legal moratorium related to its ongoing restructuring efforts. The development is the latest in the exchange’s attempt to recover from a $234 million exploit linked to North Korean hackers that occurred nearly one year ago. In its latest announcement, the crypto exchange told users that the Court has granted its request to present further arguments in its application for the Court’s sanction of a proposed Scheme of Arrangement. Court Extends Moratorium, Delays Final Decision According to WazirX, the Court extended the initial deadline for the moratorium…
OpenLoop, a decentralized wireless platform leveraging untapped internet bandwidth of the consumers to develop a scalable network, has partnered with Spheron Network, a decentralized entity offering secure and scalable compute resources. The collaboration aims to increase the scalability of OpenLoop’s wireless mesh ecosystem’s scalability with cutting-edge GPU infrastructure of Spheron Network. The platform took to its official X account to disclose this initiative. We’re thrilled to partner with @SpheronFDN , tapping into their decentralized GPU compute to boost our wireless mesh network’s scalability. https://t.co/haoO2S5VYt — OpenLoop (@openloop_so) June 20, 2025 OpenLoop Integrates Spheron Network’s Latest GPU Infrastructure to Improve Operational…
A notable analyst has suggested that Bitcoin price often observes massive upsurges shortly after a golden cross pullback. Notably, Bitcoin price recently climbed to a new all-time high of $112,000, but the rally met resistance. The price pulled back, with BTC now trading at $104,372, a 2.73% drop over the past week. Despite this dip, Chain Mind, a well-followed crypto analyst, believes this is nothing unusual. In fact, he expects a strong rebound, predicting that Bitcoin could reach $150,000 by the end of 2025. Bitcoin Price Always Rallies After Golden Cross Pullback In his recent analysis, Chain Mind pointed to…
USDD, the TRON-based stablecoin founded by Justin Sun, has recently launched a new vault, SA001-A, also called the “Smart Allocator.” This vault has immediately grown to hold approximately $260 million in collateral, approximately 61% of the total collateral for USDD, and all of these assets came from Sun-advised HTX. This vault places assets into lending protocols to help subsidize the yield paid by USDD, currently 20%. The vault is currently depositing in AAVE and Sun-founded JustLend. However, the vault’s launch raises serious questions about how USDD is governed, where its assets are coming from, and the role of Sun. No…
Ethereum price remained inside a tight range this week as inflows into its exchange-traded funds slowed. Ethereum (ETH) dropped to a low of $2,400 this week as the crypto market crashcontinued. Its lowest level was down by 16% from its highest level this month, meaning it is in a technical correction. SoSoValue datashows that spot Ethereum ETFs added $40 million in inflows this week, down from $528 million a week earlier. It was the smallest increase since the week of May 16. There are two likely reasons for the significant drop in ETF inflows. First, these inflows slowed as investors…
As Washington rolls out stablecoin rules, voices in Beijing are warning it’s time to catch up, or risk being left behind. Beijing might finally be warming up to stablecoins, but not without hesitation. In a sign that China may be rethinking its digital currency strategy, a state media article this week reportedly urged policymakers to stop delaying and focus on “adapting to the trend of stablecoins,” the South China Morning Post reports, referring to the piece, published by Securities Times, a financial publication under the People’s Daily. The piece called on Chinese authorities to begin developing yuan-backed stablecoins and start…
Pump.fun continues with its strategy of cashing out after a week or two. The platform continues to generate over $2M in SOL fees per day, sharing only a fraction of its earnings. Pump.fun is preparing to cash out 156,000 SOL after sending the funds from its fee wallet to the Kraken hot wallet. For now, the market has absorbed the platform’s SOL sales, but the issue of value extraction and returning SOL into the ecosystem persists. The transfer is even bigger than the previous deposit to Kraken from May 12, when the platform sent 132K SOL to the exchange. The…