Author: NBTC

Controversial Hyperliquid trader “James Wynn” has reportedly been gambling with over $20,000 in donations he said would help him “defeat the cabal.” According to blockchain analytics firm Arkham, the pseudonymous trader deposited the funds into Hyperliquid on Monday. This comes shortly after he lost in excess of $100 million through crypto derivatives trading. The deposit has given his Hyperliquid position -0.021% leg room, moving his liquidation price from $103,632 to $103,610. His new position, a $100 million bitcoin (BTC) long with 40X leverage, was made hours after supposedly taking a “break” from perpetual trading. Wynn had previously made $100 million…

In a well-planned transaction, ZkSjMB, the Solana (SOL) whale, has managed to earn close to $649,000 in profits in only a month by timing and carrying out their trade precisely. Data and price records from Lookonchain show that at first, the whale purchased 44,116 tokens when the average price was $139.40, spending around $6.15 million. Whale ZkSjmB unstaked and sold 44,539 $SOL($6.8M) 2 hours ago, locking in a profit of ~$649K.A month ago, this whale bought 44,116 $SOL($6.15M) at $139.4 and staked it, earning 422 $SOL($64.5K) in staking rewards.https://t.co/lxwUxN21ZJ pic.twitter.com/S8NHdNeEgI — Lookonchain (@lookonchain) June 5, 2025 The transaction took place…

Singapore has introduced a stringent digital token regulatory framework that is transforming its crypto landscape. According to a Wu Blockchain report, on June 30, 2025, the Monetary Authority of Singapore (MAS) will officially enforce new rules for Digital Token Service Providers (DTSPs). This regulation marks the end of a multi-year policy development process that began in 2022. It targets both local and overseas-facing firms operating from Singapore. It includes all Singapore-incorporated entities and any individual or organization with a business presence in the country. MAS Clarifies Scope and Enforcement Rules Under the DTSP Regime The Financial Services and Markets Act…

Bitget Wallet becomes the first self-custody wallet to natively integrate itself into Vietnam’s national QR payment system, allowing users in the region to scan the VietQR code and directly pay in crypto. According to a press release sent to crypto.news, the new feature would allow users to pay with crypto by simply scanning VietQR, which is Vietnam’s national QR code standard. Now, Vietnamese customers can pay in crypto at over two million local merchants directly through the application. Everyday transactions like having dinner at street vendors and restaurants or buying groceries at the local Vietnamese supermarket can be completed through…

Since 2021, Mayor Eric Adams has been talking about how he’s going to make New York City the center of the crypto industry, though this hasn’t materialized. (Some Bitcoin and crypto companies are based here, but this has little to do with Adams’ efforts — or lack thereof.) So, when I heard the mayor propose issuing BitBonds in New York City at Bitcoin 2025, I was far from convinced that this would actually happen. And then when I read a statement from NYC Comptroller Brad Lander on the topic, it became even more clear to me that Adams was merely…

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Good Morning, Asia. Here’s what’s making news in the markets: Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk’s Crypto Daybook Americas. As Asia begins its trading day, ETH$2,524.42 is trading above $2500 as the U.S. Senate passes the GENIUS Act with bipartisan support. While the Senate was busy passing the GENIUS Act, Vivek Raman, founder of Ethereum advocacy firm Etherealize, was even busier, making the rounds on Wall Street to explain why ETH is suddenly at the…

Abu Dhabi-based Fuze, a regulated digital assets infrastructure provider, and Mamun, a Sharia-compliant alternative finance and investment platform headquartered in Oman, have signed a strategic Memorandum of Understanding (MoU) to enable investment in trade finance through stablecoins, specifically USDT (Tether). This partnership allows both retail and institutional investors to participate in short-term, Sharia-compliant trade financing using USDT. Businesses will receive fiat financing in local currency for supplier payments and cross-border trade, opening up access to new forms of financing. Bridging the $250B MENA Trade Credit Gap for SMEs The collaboration should help address the trade credit gap since the MENA…

Pi Network’s GCV has become one of the most discussed topics in the community lately. Some believe it is the key to massive wealth, while others call it pure hype. What’s really going on? Let us break it down. The term GCV in the Pi Network community stands for Global Consensus Value, an idea introduced by Pi enthusiasts to set a fixed value for Pi Coin. Some fans claim that 1 Pi Coin equals $314,159, inspired by the mathematical constant π (pi). They say that Pi’s rising user base, real-world uses, and limited supply justify such a valuation and see…

David Sacks has praised the Senate’s passage of the GENIUS Act, stating that it enhances consumer protection and strengthens the U.S. dollar’s dominance. On Monday, June 17, the U.S. Senate passed the bipartisan Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act, marking a crucial step in regulating payment stablecoins. This landmark legislation provides a comprehensive framework for using and issuing stablecoins. The GENIUS Act now heads to the House of Representatives for further consideration, where it could move closer to becoming law. Support from Key Figures in the U.S. Government Speaking on X, David Sacks, the White House…