Author: NBTC
Nexus, the company building a Layer 1 blockchain for the AI era, today launched the final testnet, marking the last major milestone before mainnet later this year. More than 2.1 million users and 3.6 million nodes contributed over a 5-day period in the previous testnet. Nexus makes it easy for anyone to contribute compute power from any device, even a laptop or phone. With just one click, users can connect at app.nexus.xyz to start earning rewards and help scale a verifiable network built for the AI economy. By offering compute power, users strengthen the Nexus blockchain by equipping it with…
On June 5, Bitcoin (BTC) futures traders saw a huge liquidation imbalance. In just one hour, $5.51 million in positions were cleared, with $5.35 million from longs and just $157,000 from shorts. The resulting 3,399% imbalance is one of the most abnormal hourly imbalances seen in recent trading sessions. This happened during a bigger drop in BTC’s price. In just an hour, Bitcoin experienced a sell-off, moving from above $104,800 to intraday lows near $103,800 before a minor recovery. The downward trend was shown by a few red candles in a row, which is a sign of ongoing selling pressure…
As uncertainty continues to affect the crypto market, a new analysis of risk models indicates that top altcoins, including Ethereum (ETH), Cardano (ADA), and XRP, may be entering key accumulation zones. The data suggests that despite recent price volatility and a broader market downturn, current levels have historically represented buying opportunities. This analysis provides a counterpoint to the prevailing bearish sentiment, highlighting underlying technical setups that could precede a market reversal. What Are Risk Models Telling Us? Analyst Dan said that Ethereum’s risk score has dropped to 29, a level historically known for accumulation — periods when investors quietly buy…
Flare and Uphold announce a partnership to explore future XRP yield and DeFi access via FXRP. XRP staking is not live yet, but Uphold users may soon gain access through Flare’s FAssets system. Flare Networks has announced a new partnership with Uphold, a crypto platform that is quite well-known for its user-friendly approach. They want to pave the way for XRP holders to earn passive income through the yield feature. This collaboration comes just as Flare is preparing to launch the FAssets system to mainnet—a mechanism that allows assets like XRP to be used in the DeFi world without having…
Ohio’s House of Representatives voted on Wednesday to move forward with a new crypto bill that seeks several protections for industry participants, advancing it up the legislative chain and inching it closer to becoming law. If signed into law by Governor Mike DeWine, the Ohio Blockchain Basics Act would prohibit state and local governments from restricting the use of digital assets as payment or interfering with individuals’ use of hardware wallets or “self-hosted” wallets. It would also permit digital asset mining by individuals in residential areas, subject to local ordinances, and allow mining businesses to operate in industrial zones if…
Mind Network, a decentralized network designed to transform how data privacy and security run in the Web3 landscape, has announced a strategic collaboration with Vana, a decentralized platform that aims to put data ownership into users’ control. Mind Network is a protocol that serves digital sectors that need strong data privacy and security standards, protecting all users’ data, AI, and smart contracts on Web3. It utilizes Fully Homomorphic Encryption (FHE) to protect AI and Web3 applications. On the other hand, Vana is a decentralized AI-powered protocol that aims to provide users with complete control over their personal data. The partnership…
Adam Back, one of the most prominent figures in the Bitcoin community, has urged centibillionaire Elon Musk to save his wealth in Bitcoin. so @elonmusk given the DOGE experience, inflation, financial repression (interest rates below inflation) as the only option. have you thought about saving in #bitcoin? seems like a no-brainer… — Adam Back (@adam3us) June 5, 2025 Back’s comment came in response to a clip of famous economist Milton Friedman, who argued that government spending is actual taxation since everything that it spends ultimately comes from the people. Friedman, who is admired by many members of the Bitcoin community,…
Ethereum’s rising dominance in crypto markets is being driven not by a surge in its own trading activity, but by a sharp decline in altcoin volume. According to a June 22 analysis by CryptoQuant contributor CryptoOnchain, Ethereum’s (ETH) market share on Binance has risen largely because the volume of other assets has sharply declined. ETH’s trading volume fluctuated between 300 trillion and 490 trillion between January 2023 and May 2025, remaining relatively stable. Between November 2024 and May 2025, altcoin trading fell sharply from a peak of 1.57 quadrillion to just 387 trillion. The sharp drop in altcoin activity has…
Jordan’s new digital asset trading legislation will come into force 90 days following its publication in the official gazette. Central Bank Digital Currency Not Covered by New Law Jordan’s digital asset trading law is set to become effective in 90 days following the publication of the Virtual Currency Trading Law of 2025 in the official gazette. Once effective, the law will regulate virtual asset-related activities conducted within Jordan or carried out on behalf of third parties. The law, however, does not cover digital securities and financial assets regulated by the Securities Commission or digital currency issued by the Central Bank…
Mining difficulty on the Bitcoin BTC$105,285.37 blockchain is on course to drop by the most since July 2021 after the amount of mining power securing the network slid about 30% in two weeks.According to data from Mempool.space, a downward difficulty adjustment of around 9% is projected within the next five days. That would be the most since the China mining ban four years ago, when the hashrate, the total computational power used to mine blocks, plummeted 50% to 58 exahashes per second (EH/s) and bitcoin was trading near $30,000. The difficulty adjusts every 2,016 blocks to ensure that blocks continue…