Author: NBTC

This is a segment from the Lightspeed newsletter. To read full editions, subscribe. XP, a ticketing resale exchange built with Solana rails, has raised $6.2 million in a seed round led by Blockchange, the platform tells Lightspeed exclusively. L1D and Reflexive also participated in the round. XP uses Solana rails for discounted ticket sales, but hints at grander ambitions surrounding fan experience down the road. XP is one of a number of upstart ticketing exchanges seeking to disrupt the popular but widely-disliked incumbents such as TicketMaster and SeatGeek. These ticketing titans caught the ire of the Biden administration, which just…

While Bitcoin hovers around $95,400, several gaming and social tokens like BitBoard (BB) and Clash of Lilliput (COL) are leading the pack with notable 24-hour increases. BitBoard has surged 104% in the last 24 hours, trading at $0.006162 from a low of $0.002903. BB has shown a price pump of 760% over the past week and 4,200% growth in the last 30 days. See below. Source: CoinGecko BitBoard describes itself as “a space for stars and fans that offers an online fandom service.” However, despite the price action, there haven’t been any notable announcements or developments from the project that…

The Office of the Comptroller of the Currency (OCC) has issued new guidance permitting national banks and federal savings associations to engage in cryptocurrency-related activities without prior regulatory approval. Aligned with recent actions by the Federal Reserve, this policy change paves the way for national banks to provide crypto custody, facilitate trades at the direction of customers, and outsource digital asset services, all while adhering to established third-party risk management guidelines. OCC clears path for banks to enter crypto with key letters The OCC supported the policy shift with two vital letters – Interpretive Letter 1183, dated March 7, and…

Lyft has partnered with Bee Maps, a decentralized mapping platform built on Hivemapper infrastructure, to support its internal mapping efforts, the company has confirmed to Decrypt. The rideshare firm began working with Bee Maps in 2024 and is using the platform’s street-level mapping data to help improve routing and navigation as it expands its autonomous vehicle strategy. Bee Maps publicly announced the relationship in a blog post on Wednesday, describing Lyft as a customer of its crypto-incentivized mapping network. The consumer-facing mapping product is built on top of Hivemapper, a decentralized, crypto-incentivized map-building network that runs on Solana. The platform…

Bitcoin, the leading cryptocurrency by market capitalization, approached the $105,000 level earlier this Sunday, reaching an intraday high of $104,958 on the Bitstamp exchange. There have now been a total of 12 days where the price of the leading cryptocurrency has closed above the highly important $100,000 mark. It’s very quiet Despite the fact that Bitcoin is just inches away from reclaiming the $100,000 level, retail investors seemingly remain on the sidelines for now. “Funding rates are also low relative to prior price peaks. When they come, they are going to come very heavily,” he said. Fundstrat’s Tom Lee has…

XSY.fi, a decentralized finance (DeFi) capital management platform, has launched the beta version of its digital synthetic dollar Unity (UTY) on Avalanche (AVAX), as per the reports shared with Finbold on Thursday, May 15. The launch highlights the ever-growing institutional interest in DeFi solutions and comes just as XSY is closing a $5 million pre-series A funding round led by Protagonist and Borderless Capital and backed by investors including Paper Ventures, Chainview Capital, Blizzard the Avalanche Fund, and Sonic Boom Ventures. What is XSY’s Unity? A next-gen synthetic dollar, Unity is designed to promote liquidity and capital efficiency in blockchain…

U.S. stocks closed mixed Thursday, with the S&P 500 rising 0.4% to log a fourth straight day of gains, while the Dow Jones Industrial Average climbed more than 250 points. The Nasdaq Composite dipped 0.2%, breaking its six-day winning streak. Markets were buoyed by signs of easing trade tensions after the U.S. and China agreed to temporarily lower tariffs, providing relief to investors concerned about inflation and global growth. The 10-year Treasury yield fell to 4.44% following a surprise drop in April’s Producer Price Index, which declined 0.5% month-over-month. Retail sales in April rose just 0.1%, in line with expectations…

The cryptocurrency market continued its rally led by Bitcoin, with the majority of altcoins excluded, with the world’s largest cryptocurrency trading near the $100,000 mark. On the other hand, a significant portion of altcoins continued to lose blood this week. Interestingly, Ethereum is preparing to close the week in the green zone. However, there will be token unlocks in many altcoins this week. Here is the token unlock calendar that we have prepared specially for you as Bitcoinsistemi.com. (All times are stated as UTC+3 Türkiye time) XION (XION) Market Value: $23.20 billion Token Amount to be Unlocked: $1.53 million (6.59%…

U.S. Senators Cynthia Lummis and Bernie Moreno have advised the Treasury to provide necessary clarity on the “unfair tax burden” on crypto companies in the country. The two senators wrote a joint letter to Treasury Secretary Scott Bessart, with Senator Lummis sharing a copy on X. Our edge in digital finance is at risk if U.S. companies are taxed more than foreign competitors. @berniemoreno & I urged the @USTreasury to lift an unintended tax burden on U.S. digital asset companies. To lead the world in digital assets, we need a level playing field.⬇️ pic.twitter.com/V7pwAUqRc4 — Senator Cynthia Lummis (@SenLummis) May…

SFT Protocol, a prominent Web3 infrastructure entity, has recently partnered with Atleta Network, an advanced EVM-compatible blockchain platform to drive decentralized markets, asset tokenization, and sports. The partnership is a crucial step to advancing the Web3 sports ecosystem by leveraging the resilient infrastructure of both SFT Protocol and Atleta Network. The platform revealed this development on its official social media account. 🤝🏻 Partnership Announcement 🤝🏻 We’re excited to join forces with @AtletaNetwork — a modular, EVM-compatible blockchain powering the future of sports, asset tokenization, and decentralized markets ⚽️⛓️Built with Substrate & written in RUST, ATLETA brings unmatched speed (80… pic.twitter.com/Lgwyzwzmmr…