Author: NBTC
Guests at last month’s Trump meme coin holders dinner were airdropped up to three NFTs, one of which has already sold for approximately $16,000. Even people who registered but didn’t make the top 220 cutoff to attend, were given an NFT. Among that category, an NFT has already sold for $4,000. Despite the big sales, there appears to be no utility for these NFTs. The official TRUMP meme coin X account called them “historic collector’s items that celebrate the Crypto President.” As promised, if you participated in the “Dinner With Trump”, your $TRUMP NFTs are now in your wallet. These…
Ethereum is trading above $2,600 after a volatile stretch that saw bulls regain momentum and push the price into a key resistance zone. The recent rebound has brought renewed optimism to the market, with ETH now flirting with a potential bullish continuation. Still, the path forward remains uncertain, as analysts warn of a possible retracement before any major breakout can take shape. Over the past few days, ETH has shown strength, bouncing off local support and reclaiming short-term moving averages. This move has shifted sentiment, but it hasn’t been enough to fully escape the risk of a short-term pullback. Some…
The Kyrgyz Republic has announced the launch of USDKG, a gold-backed stablecoin pegged 1:1 to the U.S. dollar. The stablecoin is expected to go live in the Q3 of 2025 and will be backed by $300 million worth of physical gold. It will be issued with the approval of the Ministry of Finance and supported by private gold purchases from the National Bank of the Kyrgyz Republic. USDKG is part of an initiative to improve cross-border payments and support trade across Central Asia using blockchain-based tools. Although backed by gold, USDKG is not designed to follow gold’s market price. Instead,…
World Liberty Financial (WLFI), the cryptocurrency project supported by US President Donald Trump and his family, has partnered with Kernel DAO (KERNEL). Kernel DAO X announced the integration of WLFI’s stablecoin USD1 with Kernel DAO in a post on its account. Thanks to the Kernel DAO partnership, USD1 is once again a stakeable asset. “USD1 integrates with Kernel DAO as a re-stakeable asset. This collaboration is the first time our stablecoin has secured third-party applications. Backed by US Treasuries, built for the future,” the WLFI official X account explained. “Big news! Kernel DAO and World Liberty Financial partnership brings USD1…
India’s cryptocurrency industry is stepping up its campaign to seek tax relief from the government. The sector urges the government to reconsider its current taxation policies, which stakeholders have deemed burdensome. Despite a more favorable governmental outlook and increasing international momentum, particularly influenced by Donald Trump’s pro-crypto stance after his return to the US presidency, the industry continues to face significant challenges. Since 2022, the 30% capital gains tax and 1% TDS (Tax Deducted at Source) on all transactions in digital assets have created an unfriendly environment for Indian traders. A think tank Esya Centre report estimates that almost 90%…
Goblin Saga, an innovative DeFi project, announced a strategic partnership with Aylab, a Web3 programmatic advertising network. Goblin Saga is a revolutionary protocol that unites NFTs, DeFi, and an extraordinary gaming experience to develop an interactive environment for users. Running on the Polygon blockchain, the protocol specializes in merging Goblin-themed NFTs with DeFi mechanisms, enabling users to trade, stake, and mine in-game assets. The network enables users to mint Goblin NFTs and stake them to earn token rewards. Users can also use the NFTs to participate in various in-game activities that assist in growing their token holdings in a decentralized,…
Binance’s June PoR report shows BTC down 1.82%, ETH up 1.05%, and USDT slightly lower, reflecting cautious investor sentiment. With $110B in reserves, Binance remains a transparency leader, reinforcing trust as regulatory scrutiny intensifies. Binance has released its 31st Proof-of-Reserves (PoR) snapshot as of June 1, showing minor shifts in user holdings across top assets. The numbers reflect routine market adjustments but offer a pulse on investor sentiment heading into mid-2025. BTC Down, ETH Up, USDT Slightly Lower According to the report, Binance users now collectively hold 593,000 BTC, representing a 1.82% drop from May 1. In contrast, Ethereum holdings…
Stargate Finance has announced that SKATE (the Skate token) is now live on its innovative protocol at the core of the Omnichain DeFi movement. SKATE is the native token that powers Skate’s multi-VM infrastructure – a project that aims to dismantle the technical obstacles between various virtual machines like EVM, Toncoin, Solana, and many more, developing a unified multi-chain execution ecosystem. On the other hand, Stargate Finance is a cryptocurrency bridge based on LayerZero infrastructure, which enables the movement of assets between various chains efficiently and securely. It links Layer-1 and Layer-2 chains, addressing one of the most problematic challenges…
Speaking at the Bitcoin 2025 Conference held in Las Vegas, US Vice President JD Vance made clear and bold statements about cryptocurrencies and especially Bitcoin. While Vance said the current administration would pursue a crypto-friendly line, he harshly criticized the financial regulators and policies of the previous era. “We have removed Gary Gensler, and we will part ways with anyone like him,” Vance said, arguing that previous regulatory policies had hindered financial democratization under the guise of “consumer protection.” “Crypto is a hedge against skyrocketing inflation that erodes savings, a private sector that discriminates based on faith, and bad public…
Aave liquidity is suffering an unexpected setback, as a giant whale identified as HTX removed 93% of available USDT from one of the top lending pools. This locks other whales in a position where they cannot remove their stake, as most USDT is already claimed by borrowers. A giant whale removed up to 93% of available USDT liquidity on Aave, meaning all other lender whales were stuck in their positions. USDT has a high utilization rate on Aave, as it is one of the preferred assets to borrow. An address identified as HTX, formerly Huobi, withdrew $400M USDT in a…