Author: NBTC

Kenyan Treasury Cabinet Secretary John Mbadi dismissed widespread rumors that the Finance Bill 2026 introduces new taxes on cryptocurrency transactions. Key Takeaways: Kenyan Treasury CS Mbadi denied reports of new crypto or bread taxes on May 25 to calm public panic. KPMG warned that the Finance Bill 2026 will hike operational compliance costs for web3 platforms. The Finance Committee will now compile oral submissions before presenting a final bill to Parliament. Clarifications on Digital Content and Bread Taxes In a bid to quell growing public anxiety, Kenyan Treasury Cabinet Secretary John Mbadi has dismissed reports that the government is imposing…

KieDex, a decentralized derivatives and cryptocurrency exchange, has announced its strategic partnership with iFlux Global, a Singapore-based cryptocurrency financial and trading platform. The basic purpose of this collaboration is to expand Web3 adoption to drive community growth and engagement. KieDex has shared this news through its official social media X account. 🤝 KieDex x @iFluxGlobal Excited to announce our partnership with iFlux Global as we continue expanding the KieDex ecosystem and strengthening connections across Web3iFlux Global is building an innovative installment-based trading platform with 120K+ users, $19.5M+ in total… https://t.co/goIOBL26Dj pic.twitter.com/pSDyesxvkG — KieDex (@kiedexapp) June 3, 2026 KieDex and iFlux…

Ethereum’s slide behind Bitcoin is no longer just a price story; JPMorgan says the institutional plumbing now confirms that $BTC has pulled decisively ahead on flows, leaving $ETH and the wider altcoin complex struggling to keep up. According to a research note summarized by CoinMarketCap Academy and other outlets, JPMorgan analysts led by managing director Nikolaos Panigirtzoglou argue that Ethereum ($ETH) and the broader altcoin market “may continue to underperform Bitcoin ($BTC)” unless there is “meaningful improvement” in network activity, decentralized finance (DeFi) adoption and real‑world applications. The bank traces the current divergence back to the October 2025 deleveraging, when…

Decentralized finance has gotten a lot safer over the past six years, and a new review of protocol losses from 2020 through 2025 puts a pretty large number behind that claim. Industry-wide DeFi losses peaked at $2.62 billion in 2022 and fell roughly 80% to $534 million by 2024. Bridge hacks that once produced billion-dollar headlines now account for a tiny slice of annual totals, and the typical exploit today does about a quarter as much damage as it did at the peak. While this is certainly great news for the crypto industry, there’s still quite a bit of risk…

Circle’s (CRCL) upcoming Arc blockchain and its $222 million token presale are raising a broader question for crypto investors: should Circle still be valued mainly as a stablecoin issuer, or as an infrastructure company building the rails for digital finance? Alongside its quarterly earnings this week, the company announced a major fundraising round for Arc ahead of a planned summer launch, valuing the network at roughly $3 billion backed by investors including a16z crypto, Apollo, BlackRock and ARK Invest. While earnings results were mixed, the news resonated well with investors, as Circle shares surged more than 15% on Monday, suggesting…

Pendle’s $PENDLE token went live on Revolut on Wednesday, the yield-tokenization protocol said in a post on X, giving roughly 20 million crypto traders across the UK and the European Economic Area direct access to $PENDLE through Europe’s largest fintech app. $PENDLE was little changed at $1.36 with a market capitalization of about $233 million at the time of the listing, ranking #165 on CoinGecko. The token is down about 82% from its $7.50 all-time high set in April 2024. The underlying Pendle protocol holds $1.32 billion in TVL on DefiLlama, with 57% on Ethereum and 14% on Plasma, and…

As part of efforts to enhance network automation and streamline user experience, Astarter, a recognized DeFi hub, today joined forces with Orix AI, an AI-focused Web3 project. This strategic partnership enabled Astarter to integrate Orix’s AI agents, a move aiming to bolster its DeFi platform, improve network automation and adaptability, and, as a result, streamline operations, enhance quality decision-making, and enrich user engagement. Astarter is a decentralized platform that provides users with various DeFi services. Its protocol is built on the Cardano blockchain, offering four core user applications, including a launchpad (allowing users to buy project tokens at an early…

The Open Network ($TON), the layer-1 blockchain integrated with messaging platform Telegram, saw its share of the cross-chain non-fungible token ($NFT) market surge by 130.4% in the first quarter of 2025, capturing 35.5% of the market. The data comes from a Q1 report published by blockchain analytics firm Messari, which highlights a stark contrast between $TON’s growing $NFT footprint and declining metrics in other areas of its ecosystem. $NFT Growth Amid Broader Ecosystem Contraction According to Messari’s report, the sharp increase in $TON’s cross-chain $NFT market share occurred during a period when the native token $TON saw its spot price…

Kevin Hassett, the Director of the White House National Economic Council, is pushing back against proposals that would create a sprawling new government apparatus to evaluate and approve artificial intelligence models. His position, articulated on May 6, 2026, lands squarely in the middle of an intensifying debate over how Washington should handle AI systems that are growing more powerful by the quarter. The FDA model, minus the FDA The administration is reportedly considering an executive order that would create evaluations for AI models similar to how the Food and Drug Administration vets new drugs before they hit the market. The…

The cryptocurrency market has seen remarkable activity. Test (TST) has surged over 110% in the last 24 hours, reaching its highest level since October last year. It is suggested that the sharp rise is due to large-scale and organized position taking. According to the data, the process began approximately 24 hours ago with a newly created wallet being funded with 900,000 USDC via Bitget. This wallet transferred these assets to the decentralized derivatives platform Hyperliquid and opened an aggressive long position in TST. This position, which was gradually expanded, reportedly reached 133.6 million TST (approximately $3 million), and the whale…