Author: NBTC

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…

Gemini launches SOL staking for institutions, offering secure cold storage and validator choice. Purpose Solana ETF and DFDV lead institutional adoption, staking SOL via Gemini Custody. DFDV stock to be tokenized on Kraken’s xStocks, expanding Solana’s real-world asset reach. Gemini has launched institutional staking for Solana (SOL), deepening institutional access to the fast-growing blockchain. The move allows ETFs, corporate treasuries, and high-net-worth individuals to earn staking rewards through Gemini Custody. The announcement marks another milestone for Solana adoption in 2025. This development comes as more institutional players integrate SOL into their asset allocation strategies. Solana Staking is now live for…

Bitcoin is poised for remarkable returns over the next decade, according to new analysis from André Dragosch, the European Head of Research at Bitwise. This forecast, shared through a detailed chart, highlights Bitcoin’s potential to outperform all other major asset classes by a wide margin. Despite Bitcoin’s recent price movements, which saw a 0.51% decline in the last 24 hours and a 3.34% drop over the past week, the cryptocurrency’s long-term prospects remain strong. Traditional Assets Forecasted to Underperform In contrast to Bitcoin’s promising outlook, traditional assets like gold and U.S. real estate are projected to see negative returns. For…

Sui-based NAVI Protocol partnered with OKX to introduce xBTC lending and borrowing for OKX users. Blockchains are kicking off the race for DeFi-enabled Bitcoin (BTC). On Tuesday, June 24, NAVI Protocol, a DeFi platform built on Sui (SUI), announced a two-month partnership with the OKX exchange aimed at promoting xBTC lending on Sui through user rewards. As part of the agreement, OKX will distribute $200,000 worth of SUI tokens through its OKX Earn program to users who supply xBTC via the initiative. NAVI will contribute an additional $500,000 in NAVX tokens, bringing the total incentives pool to $700,000. “This partnership…

A massive Ethereum (ETH) transaction has recently caught the attention of the crypto community. According to blockchain data tracker Whale Alert, 129,392 ETH worth $312,981,377 was transferred from an unknown wallet to the major crypto exchange Coinbase. 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 129,392 #ETH (312,981,377 USD) transferred from unknown wallet to #Coinbasehttps://t.co/5tYoTaCGUR — Whale Alert (@whale_alert) June 20, 2025 The timing of the transfer is especially noteworthy, with Ethereum’s price trading in the red. Deposits to exchanges imply an intent to sell, while withdrawals might signify buying. The move might be an institution reshuffling funds,…

MicroStrategy (MSTR) insiders have sold $40 million worth of stock over the last 90 days. Averaging more than one sale per business day over the last three months, insiders’ selling transactions outnumber their purchases 10 to one. Their sales have also been larger than any purchases, with about $40.3 million in sales versus $2.3 million in purchases per data from InsiderScreener. Sales of stock worth millions of dollars originated from decisions by the company’s vice president, chief financial officer, and director, among others. Many of their liquidations took advantage of MSTR at far higher prices than today. Indeed, insiders sold…

Wirex is set to launch a dedicated appchain in collaboration with Tanssi, aimed at revolutionizing crypto payments and achieving greater compliance and scalability.—Serving 6 million users in 130 countries, Wirex is a key player in the payments space and a principal member of Visa and Mastercard. The new appchain, currently on Tanssi’s testnet and slated for mainnet launch later this year, will efficiently manage Wirex’s annual transaction volume of over $20 billion, minimizing dependence on third-party infrastructures.This strategic development will simplify operations, boost compliance, and enhance Wirex’s independence while providing Ethereum-grade security and interoperability with DeFi, stablecoins, and tokenized assets.Dmitry…