Author: NBTC
Celsius founder Alex Mashinsky has been sentenced to 12 years for his role in Celsius’ token manipulation, but won’t be imprisoned until after his daughter’s wedding. That’s according to coverage from Matthew Russell Lee, representing Inner City Press. Judge Koeltl sentenced Mashinsky and ordered him to forfeit $48 million and nine properties. Before the sentencing, Lee reported that Judge Koeltl agreed to let Mashinsky go to Tennessee later this month to attend his daughter’s wedding in Memphis. Approving this request means he won’t be remanded until September 12. Mashinsky’s lawyers argued that “a 15-year sentence for a 60-year-old combat veteran…
South Korean crypto exchange Upbit has announced new trading support for Celestia (TIA) and io.net (IO) and expanded its listing services on the Korean won (KRW), Bitcoin (BTC), and Tether (USDT) markets. Upbit Adds Marketplace Support for Celestia (TIA) and IO.net (IO) Listing Details Celestia (TIA) will be available for trading on KRW, BTC, and USDT trading pairs. IO.net (IO) is only supported on BTC and USDT trading pairs. Upbit advises users to carefully check network compatibility before depositing funds, reminding that deposits cannot be made on unsupported networks and may result in delays or loss of funds. To ensure…
Nexus is building an AI R&D organization aimed at creating artificial intelligence agents that are transparent and verifiable to their users. Artificial intelligence continues to gain attention in the blockchain space, infrastructure company Nexus announced on Thursday, May 8, the launch of its dedicated AI research and development lab: the Nexus Verifiable AI Lab. The Nexus Verifiable AI Lab will work on bridging blockchain verifiability with artificial intelligence. They will focus on developing AI models that are auditable and trustworthy, with the help of zero-knowledge proofs. You might also like: Big Tech’s biggest nightmare? Decentralized AI | Opinion The primary…
It almost felt inevitable today that bitcoin will eventually break past the coveted $100,000 milestone and after a brief hesitation, the asset has soared to a new multi-month peak above $101,000. The altcoins have followed suit with massive price gains from the likes of PEPE, SUI, FARTCOIN, and many others. CryptoPotato reported earlier today that BTC had risen to $99,700 amid reports that China and the US will have talks later this week in Switzerland in regards to striking a tariff deal. Later, Trump teased a big announcement for tomorrow that will involve the UK. BTC stood close to the…
Governments are racing to lock in bitcoin reserves—investors now have a narrowing window before sovereign accumulation reshapes the entire crypto landscape. Bitcoin Reserve Momentum Surges as CZ Warns of Disappearing First-Mover Advantage Binance founder and former CEO Changpeng Zhao (CZ) has warned that the window for investors to buy bitcoin before government entities do is rapidly closing. In a post shared on May 8 via social media platform X, Zhao stated: You can buy while governments are buying or after they have bought. The ‘before’ option is disappearing. Zhao’s comment came after Arizona became the second U.S. state to enact…
Solana (SOL) pushed towards $150 today, gaining over 3% in the past 24 hours and reclaiming its 20-day EMA, fueled by positive ecosystem developments and continued market interest. News surrounding Backpack Exchange’s SOL staking initiative and potential adoption by Robinhood in Europe adds fundamental weight to the ongoing technical recovery. Backpack Exchange Begins Staking SOL Reserves Adding to Solana’s news flow today, Backpack Exchange made a notable move: the platform, led by Armani Ferrante, announced it has started staking its SOL reserves. We’re beginning the process of staking @BackpackExchange SOL reserves. To start, we aim to provide the full staking…
In a new letter to Analisa Torres, a United States District Court Judge for the Southern District of New York (SDNY), the U.S. Securities and Exchange Commission (SEC) has confirmed that it has reached a settlement agreement with enterprise blockchain company Ripple. The aforementioned letter has requested an indicative ruling from Judge Torres. The Second Circuit previously paused the appeal to allow the parties to finalize the settlement process. The district court would be able to formally approve the settlement once the case gets remanded, meaning that the Second Circuit would send it back to the district court. Ripple and…
Pump.fun, a meme coin launch platform built on Solana, continues to hit significant milestones even as the meme coin market moves past its peak. What’s driving Pump.fun’s continued appeal to investors? This article provides an in-depth look at on-chain data and recent shifts in user sentiment. Pump.fun Surpasses Tron in Daily Revenue, Trails Only Stablecoin Giants. SolanaFloor cites DefiLlama data showing that Pump.fun generated $2 million in revenue within 24 hours. This figure pushed it past Tron and made it the third-highest revenue-generating protocol for the day, behind only Tether and Circle, the leading stablecoin issuers. Daily Revenue on Various…
This is a segment from the Lightspeed newsletter. To read full editions, subscribe. Superstate, the tokenization startup co-founded by DeFi OG Robert Leshner, announced a new stock tokenization product on Solana and Ethereum this morning. Named “Opening Bell,” the platform allows companies to natively issue shares onchain — a notable innovation for tokenized public equities. The Solana-focused holding company Sol Strategies became the platform’s first participant. Many in Solana were quick to celebrate the news, because in its early days, Solana co-founder Anatoly Yakovenko would sometimes liken the network to Nasdaq on the blockchain. Today, Yakovenko penned a rare blog…
Raoul Pal, an accomplished trader and founder of Real Vision, reveals that Bitcoin dominance has reached its cycle top amid a persistent uptrend. The market veteran disclosed this in a commentary on X today, suggesting that technical signals, specifically DeMark tops, indicate there could be a potential turning point for Bitcoin’s market share, which has seen a steady climb since December 2024. DeMark Indicators Show Bitcoin Dominance Top Notably, Pal cited DeMark Indicators, developed by industry legend Tom DeMark, as the tools indicating this market top. These tools identify reversals by pointing out overextended price trends. In this case, Pal…