Author: NBTC

Circle’s stock surged 34% on June 18 to close at $199.59 after the GENIUS Act cleared the Senate. According to Yahoo Finance data, the stock briefly touched an all-time high of $200.90 before closing at $199.59. The move marked a nearly 6.5-fold increase from the company’s initial public offering price of $31 set two weeks earlier on June 5. The sharp rally came just after the U.S. Senate passed the Guiding and Establishing National Innovation for U.S. Stablecoins Act, a bill that would establish a comprehensive federal framework for regulating dollar-backed stablecoins such as Circle’s USD Coin (USDC). The legislation,…

The world of cryptocurrency is often seen as a frontier, full of innovation and opportunity, but also fraught with risks. When trust is broken, the consequences can be devastating, not just for individual investors but for the entire ecosystem. Recently, a significant legal development in South Korea has sent a clear message across the global digital asset landscape. The Korea Supreme Court has delivered a powerful verdict, upholding a substantial prison sentence in a case that directly impacted thousands of crypto users. This ruling isn’t just about one individual; it’s a pivotal moment for accountability in the volatile crypto market,…

The world of finance is constantly evolving, and South Korea is quickly becoming a hotbed for innovation. A significant development is brewing that could reshape how we think about money and transactions: Npay, a prominent payment platform linked to the South Korean tech behemoth Naver, has embarked on an ambitious journey to establish a robust infrastructure for the Korean won stablecoin. This isn’t just another tech announcement; it’s a strategic move that could pave the way for a new era of digital finance, promising greater efficiency, accessibility, and integration of traditional currency with cutting-edge blockchain technology. What is Npay’s Vision…

Clearpool, a well-known marketplace for decentralized capital markets, has announced its new partnership with Hex Trust, a completely licensed custodian for digital assets. The collaboration focuses on launching “Ozean,” an exclusive project that uses worldwide infrastructure of Hex Trust to unveil tokenized RWA access for institutions. The platform provided the details of this partnership in a recent X post. 🌐 Ozean leverages @Hex_Trust’s global infrastructure to provide access to RWAs via Port, the first RWA Exchange-Traded Pool.Hex Trust, a leading digital asset financial institution with licenses across key financial hubs, delivers institutional-grade security and compliance on… pic.twitter.com/52InfCLco9 — Clearpool (launching…

Michael Saylor’s Bitcoin reserve portfolio has grown to an astounding $61 billion demonstrating the risk and strength of his audacious accumulation strategy. Strategy has an extremely aggressive purchase history just this year; they have been packing up quickly with recent acquisitions averaging between $82,000 and over $106,000. Saylor purchased 8,705 Bitcoin at an average price of $106,495 per share in their most recent purchase on June, 2 2025. This position is already displaying a small unrealized loss of roughly $764,000. An all-time profit of over $20 billion, or roughly 50–68% higher than its average buy-in prices, is currently sitting on…

A whale connected to ConsenSys purchased more than $422 million in ETH via Galaxy Digital OTC without transferring it to exchanges. Ethereum rose by 8.61% following a ceasefire agreement deal between Iran and Israel that Trump announced. ETH is testing $2,400 again, but analysts remain cautious because on-chain data reveals weak retail volume. Over the last three weeks, Ethereum ($ETH) has witnessed significant institutional accumulation resulting in new OTC sales and exchange flows, divided sentiments between traders and analysts. Market data indicates more than $422 million in ETH buys flowed through Galaxy Digital, indicating potential impending sell pressure. Blockchain analytics…

Ubyx, a stablecoin clearing platform, has raised $10 million in a seed funding round led by Galaxy Ventures. Other investors include Coinbase Ventures, Founders Fund, VanEck, Mirana Ventures, LayerZero, Paxos, Boku, Payoneer, and Monerium. Ubyx provides a regulated system that allows banks and fintech companies to redeem multiple types of stablecoins at face value. The system connects stablecoin issuers with receiving institutions and is designed to support stablecoin redemption for fiat without price fluctuations. Participating stablecoin issuers include Paxos, Ripple, Agora, Transfero, Monerium, GMO Trust, BiLira, Juno (Bitso), Brale, Minteo, Tokenised GBP, Avenia, Agant, AllUnity, and Eurodollar. Ubyx will support…

Kenya’s proposed VASP Bill introduces a 5-agency crypto regulatory framework to license and monitor digital asset providers. With broad support, the bill aims to boost financial transparency and make Kenya a leading crypto hub in Africa. With the cryptocurrency market booming in 2025, Kenya has taken a major step toward regulating digital assets. The country’s National Assembly Finance and Planning Committee has proposed the formation of a multi-agency regulatory framework to oversee crypto operations, marking a pivotal moment for the region’s virtual asset industry. Kenya’s New Crypto Regulatory Framework Driven by the explosive growth of the crypto sector, Kenyan lawmakers…

In a recent development that has caught the attention of the crypto community, South Korean crypto exchange Upbit has issued an urgent announcement. The exchange has temporarily suspended all deposits and withdrawals of the FLR token. This crucial decision stems from a significant technical issue: a halt in block production on the underlying Flare network. For anyone holding or trading FLR, understanding the implications of this Upbit FLR suspension is paramount. Why the Upbit FLR Suspension Matters When a major crypto exchange like Upbit announces a suspension of services for a particular asset, it sends ripples through the market. Upbit,…

SynFutures integrated the Chainlink Data Standard to ensure tamper-proof pricing in its new perpetual gold market on Base. Chainlink’s cross-chain solutions now support over 46 blockchains and were recently adopted by WEMIX and Plume Network. Not many platforms dare to directly target the gold market in the DeFi space. But SynFutures has chosen this path, by collaborating with Chainlink to ensure that all gold price data (XAU) used is truly secure and free from manipulation. This collaboration was announced along with the launch of the XAU perpetual market on the Base network—which means users can now trade gold like derivative…