Author: NBTC
Injective’s Lyora Mainnet upgrade passed with full support, marking a major step in its on-chain governance. New features include dynamic fees, tokenized assets, and Google Cloud integration for developer tools and data. Injective’s Lyora Mainnet upgrade proposal has finally passed unanimously. All on-chain voters agreed. Not 80%, not 95%, but 100%. That means no one voted against it. Moreover, the official launch took place today, April 22, 2025. Not only is it a sign that the network is ready to level up, this upgrade also opens the door to many new features that could affect Injective’s future direction. The Lyora…
With support from Trump’s White House and easing regulations, firms like Circle and BitGo are pursuing becoming full-fledged financial institutions. Reports indicate a new wave of crypto companies knocking on the once-closed doors of the American banking system. This time, someone is listening. Crypto Firms Seek Bank Charters as Wall Street’s Doors Reopen After years of being sidelined, crypto companies are coming back, this time through the front door of the US banking system. Citing sources familiar with the matter, the Wall Street Journal revealed that several major players, including Circle and BitGo, are preparing to apply for bank charters…
This is a daily technical analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole. Bitcoin’s (BTC) recent range play resolved bullishly early Monday, shifting focus to the $90,000-$92,000 range, which was previously a strong support zone. The leading cryptocurrency by market value rose past $87,000, convincingly breaking out of a week-long consolidation between $83,000 and $86,000. The renewed willingness among the bulls to lead the price action indicates the resumption of the recovery from the April 7 lows under $75,000. It also means potential for a continued move higher to the $90,000-$92,000 range, which acted as the floor, arresting…
There are claims that Donald Trump is planning to make radical changes at the FED. It is stated that Trump is considering replacing current FED Chair Jerome Powell with Kevin Warsh. This possible appointment has brought about discussions both in traditional finance circles and in the cryptocurrency world. Kevin M. Warsh served on the Board of Governors of the Federal Reserve from 2006 to 2011. Warsh, who studied economics and statistics at Stanford University and public policy, graduated from Harvard Law School, and began his career at Morgan Stanley. He joined the George W. Bush administration in 2002 and served…
Ripple Labs is scheduled to unlock 1 billion XRP, worth approximately $2.1 billion at press time, on May 1, drastically increasing the number of tokens in circulation. Though the move, at face value, might appear inflationary and likely to drive the cryptocurrency’s price down, selling is, judging by previous such moves, likely unnecessary. Specifically, the massive unlock is part of Ripple’s long-established escrow system that sees the release of a number of XRP at the beginning of each month that is followed by allocation of a portion to operational and other uses, and relocking of the remaining – usually the…
The U.S. Securities and Exchange Commission has long been the world’s most influential financial regulator, helping to ensure our capital markets are the deepest, fairest, and most accessible in the world. But its continued relevance will depend on whether it can do more than merely respond to innovation — it must proactively foster it. For nearly a century, the SEC has adapted to evolving markets, new technologies and greater retail participation. In its best moments, the agency has embraced innovation in service of transparency, investor protection, and capital formation. But in recent years, it has strayed from that legacy —…
This is a segment from The Drop newsletter. To read full editions, subscribe. Immutable co-founder Robbie Ferguson wrote on Tuesday morning: “Tomorrow we announce the outcome of a multibillion dollar partnership that’s been in the works for 2+ years.” While we didn’t hear anything from Immutable by publication time, it could be about their game with Ubisoft. Immutable’s partnership with Ubisoft’s Strategic Innovation Lab was first announced in November 2023. During an on-record interview at the Game Developers Conference in March, Immutable Chief Studio Officer Justin Hulog told Blockworks that he has been “working on co-developing a game with Ubisoft…
Nearly three years after Vitalik Buterin mocked his Stock-to-Flow model, anonymous analyst PlanB hit back, calling Ethereum a “centralized premined shitcoin.” PlanB, the anonymous analyst behind Bitcoin’s (BTC) Stock-to-Flow model, took aim at Ethereum (ETH) in a post on X, saying the project is looking worse than ever and arguing that centralized, premined coins like ETH— with proof-of-stake instead of proof-of-work and a flexible supply schedule — are harmful to the space and deserve to be mocked. Ethereum is really not looking good nowI know it’s impolite to gloat and all that, but I think shitcoins like ETH, that are…
Kyrgyzstan President Sadyr Japarov took his country a step closer to issuing its own central bank digital currency Thursday, signing legislation that gives the “digital som” legal status. The central Asian country is still deciding whether or not to issue a CBDC, but Thursday’s amendments to the Constitutional Law of the Kyrgyz Republic ensures that the digital som will be treated as legal tender if the central bank goes ahead with issuing a CBDC. “The purpose of the Constitutional Law is to launch a pilot project of a prototype of a national digital currency, the ‘digital som,’ as well as…
Bittensor’s (TAO) subnet ecosystem continues to capture attention with its impressive performance amidst broader market volatility. The market cap has shown substantial growth. Additionally, the total number of subnets has increased threefold over the past year. At present, there are 95 subnets on the network. Interestingly, the top three subnet tokens—Chutes (SN 64), Gradients (SN 56), and Targon (SN 4)—have posted strong monthly gains. While the momentum has slowed recently, the tokens’ fundamentals and community support remain important factors for consideration. Chutes Chutes is a serverless AI compute subnet on Bittensor. The platform offers tools for deploying AI models directly…