Author: NBTC

South Korea’s biggest crypto exchange by trading volume, Bithumb, has bounced back, easily regaining more than a quarter of the country’s total digital currency trading volume ahead of its anticipated $1 billion IPO in late 2025. The rise is a welcome return to form for Bithumb, which has had a torrid 12 months. Founded in 2014 under the name Xcoin and rebranded in 2015, Bithumb once ruled the roost in South Korea with over 70% of trading volumes. However, the exchange began to fade after suffering hacks, including one in 2018 that saw it lose about $30 million. Meanwhile, rival…

Bitcoin is struggling to hold the $94K support level as market sentiment weakens ahead of the upcoming Fed rate decision. Is $92K the next stop? As the crypto market fails to sustain a valuation above $3 trillion, Bitcoin has experienced a pullback. Over the weekend, its price dropped from $96,926 to $94,162, a 3% decline. Currently, Bitcoin is holding above the $94,000 mark, trading at $94,335, following a rebound from a 24-hour low of $93,550. This lower price rejection reflects bullish efforts to defend recently reclaimed levels. However, sell signals against Bitcoin are mounting. Could this lead to a deeper…

Ethereum (ETH) has been making steady gains over the past day, standing out in a market where most cryptocurrencies have shown limited movement. In the last 24 hours, Ethereum’s price rose by 6.93%, and over the past week, it’s up 5.61%, currently trading around $2,558.65. One of the factors behind this rise is a fresh update from the Ethereum Foundation. The organization announced changes to its leadership structure, naming Hsiao-Wei Wang and Tomasz K. Stańczak as new Co-Executive Directors. Along with a newly appointed President, this marks a step toward strengthening the foundation’s management and decision-making processes. The news has…

Pomerantz LLP has filed a class action against Strategy (formerly MicroStrategy) and its executives over the company’s Bitcoin investments and related financial disclosures. The New York law firm recently filed the class action in the U.S. District Court for the Eastern District of Virginia. Notably, the plaintiffs include investors who acquired Strategy stock between April 30, 2024, and April 4, 2025. The class action alleged that Strategy violated federal securities laws and hopes to pursue remedies on behalf of investors under Sections 10 (b) and 20 (a) of the Securities and Exchange Act. Allegations Against Strategy According to the complaint,…

Astar Network is asking for community feedback on its latest proposal, suggesting a shift in its ASTR tokenomics from a dynamic inflation model to a fixed maximum supply model. On May 16, Astar Network (ASTR) raised attention to its forum proposal on its official X account. Posted on the protocol’s official blog, the proposal consisted of a third update to its tokenomics, which would include a change to its current token supply model. “A forum proposal exploring a fixed supply model is currently under discussion. Community voices are encouraged as we rethink Astar’s future,” wrote the protocol in its post.…

Speaking at the SEC Speaks conference, U.S. Securities and Exchange Commission (SEC) member Hester Peirce called for a new era in the regulatory approach to crypto assets. Peirce has proposed a time-limited “safe harbor” proposal that would see cryptocurrency projects exempt from securities regulations under certain conditions. Hester Peirce: “There Should Be a Certain Period of Time for Cryptocurrencies Not to Be Considered as Securities After Their Launch” According to Peirce’s proposal, crypto assets that could be included in the scope of investment contracts could be exempted from SEC registration obligations for a limited period of time if they meet…

XRP futures contracts began trading on CME Group’s derivatives platform on May 19, recording at least $1.5 million in trading volume during the first session, a modest but notable debut for the major token. CME data shows 4 standard contracts (each representing 50,000 XRP) traded on day one, totaling around $480,000 in notional volume at an average price of $2.40. The majority of activity came from 106 micro contracts (2,500 XRP each), accounting for over $1 million in additional volume.The contracts are cash-settled and benchmarked to the CME CF XRP-Dollar Reference Rate, which is published daily at 4:00 P.M. London…

In a demo transaction, developers from smart contract operating system BitcoinOS (BOS) claim to have sent 1 BTC from a Bitcoin wallet to a Cardano wallet and back without relying on traditional bridge infrastructure, touting it as the first “bridgeless cross-chain transfer.” “Crypto users don’t use BTC beyond the existing functionality,” not because they value simplicity, but because “they don’t have any other options,” Edan Yago, co-founder and core contributor at BOS, told Decrypt. Compared to Ethereum and Solana, the use of Bitcoin as a programmable layer, despite it being “the most valuable crypto asset,” is much lower because “users…

For the fifth consecutive week, digital asset investment products attracted inflows, amounting to $785 million. This pushed total inflows for the year to $7.5 billion, eclipsing the previous high of $7.2 billion seen in February. The influx has now erased the $7 billion in outflows from the February-March downturn. Interestingly, Ethereum stood out with strong performance. According to the latest edition of CoinShares’ Digital Asset Fund Flows Weekly Report, Ethereum experienced $205 million in inflows last week, bringing its year-to-date total to $575 million. This was indicative of a renewed investor confidence after the Pectra upgrade finally went live on…

Crypto.com has partnered with Canary Capital Group to launch the Canary CRO Trust, the first U.S.-based investment product offering regulated exposure to its native token Cronos. Singapore-based crypto trading platform Crypto.com has partnered with Canary Capital Group to launch the Canary CRO Trust, marking the first investment product in the U.S. that provides exposure to the Cronos (CRO) token. This new trust allows qualified U.S. investors to hold CRO in a regulated and secure manner. The partnership with Canary Capital comes on the heels of Crypto.com’s previous collaboration with Trump Media & Technology Group to introduce a series of digital…