Author: NBTC
Crypto OG and Echo founder Jordan Fish, a.k.a. Cobie, says that he will take on the role of “performing monkey” in a new series of his influential UpOnly podcast — but only if somebody agrees to shell out almost $20 million for his recently minted NFT. Cobie announced the podcast’s potential return on X in response to one user who reminisced about UpOnly’s 2021 days. He said, “When the NFT is burned, the podcast will restart.” He added, “Until then, please leave me alone.” However, the devil is in the details. The NFT’s fine print doesn’t include any sponsorship rights,…
Tether, the issuer behind the world’s largest stablecoin USDT, is no longer just a crypto heavyweight—it’s becoming a major player in traditional finance, infrastructure, and even sports.—In its Q1 2025 attestation, Tether posted over $1 billion in operating profit, fueled largely by the yield on its ballooning U.S. Treasury portfolio, which now sits just shy of $120 billion. That includes $98.5 billion in Treasury bills and $23 billion in repurchase agreements and other cash-equivalents, placing Tether ahead of many sovereign nations in U.S. debt holdings.The attestation—verified by BDO under El Salvadoran regulatory oversight—also shows $149.3 billion in total assets against…
Big news is stirring in the crypto world! QuarkChain (QKC), a blockchain project known for its sharded layer-1 network, has just dropped a significant proposal that could fundamentally change its future. The team is putting forward a plan for a major crypto migration, moving from its current standalone architecture to become an Ethereum Layer-2 network built on the powerful Optimism Stack. This isn’t just a technical tweak; it’s a strategic pivot aimed at leveraging the immense strength and ecosystem of Ethereum. Understanding QuarkChain’s Proposed Ethereum Layer-2 Shift For those unfamiliar, QuarkChain has operated as its own unique sharded public blockchain.…
US Treasury Secretary Scott Bessent was sharply questioned today by the House Financial Services Committee about Trump-affiliated World Liberty Financial (WLFI) and its new USD1 stablecoin. Congressional Democrats questioned Bessent whether no-interest stablecoins linked to Trump’s crypto ventures could mask hidden subsidies. Bessent Scrutinized Over President Trump’s World Liberty Financial World Liberty Financial, founded in 2024 with close Trump‑family ties, raised about $550 million in late 2024 by selling its governance token. The Trump family is entitled to roughly 75% of net revenues. In March, WLFI launched USD1, a dollar‑pegged token backed by US Treasuries and cash equivalents. Within weeks, Abu…
Korean traders might have turned bearish on XRP, as leading exchange Upbit witnesses half a billion dollars in net XRP sell volume within a month. This is according to data presented by Dom, a well-known analyst and order book expert, following an assessment of the XRP pair against the Korean Won (XRP/KRW) on Upbit, South Korea’s largest crypto exchange by 24-hour trade volume. Notably, his latest disclosure builds on a persistent bearish trend across the Korean market in recent times, as traders take to selling off their XRP holdings amid the ongoing bearish pressure. For context, XRP has witnessed turbulence…
LayerEdge has introduced edgenOS, heralded as “The World’s First People-Powered Verification System.” This innovative platform aims to redefine blockchain security by shifting the power from traditional mining farms to millions of everyday users, leveraging zero-knowledge proofs and human participation on an unprecedented scale. With the crypto community buzzing, this article delves into edgenOS, its potential impact on blockchain technology, and what it means for the future of Decentralized Finance (DeFi). What is edgenOS? LayerEdge launched edgenOS as a revolutionary verification layer. According to the LayerEdge blog, edgenOS is a revolutionary verification layer that transforms blockchain security, shifting power from concentrated…
Solana’s DEX volume has reached $806.8 billion so far in 2025, with Jupiter still dominating. Solana’s (SOL) ecosystem has broken a major milestone in network activity. As of Wednesday, May 7, total decentralized exchange volume in 2025 on Solana was $806.8 billion, according to a data from Top Ledger. This represents a nearly 400% increase from the same period last year, when DEX volume was at $201 billion. Solana monthly DEX volume in USD | Source: Top Ledger January accounted for more than half of the DEX volume this year at $408 billion. The crpyto market rally, which started in…
New York prosecutors tried and failed to solicit the Securities and Exchange Commission’s opinion on Ethereum to bolster their case against KuCoin in 2023, according to newly released SEC records acquired by Coinbase. The exchange is one of many private conversations unearthed by a Coinbase FOIA request, offering a glimpse at the behind-the-scenes politicking that has shaped U.S. authorities’ approach toward the crypto industry over the past few years. In an email dated June 2023, the New York Attorney General’s Investor Protection Bureau Chief Shamiso Maswoswe asked the Securities Commission whether it considered Ethereum a security or a commodity. “We…
OKX announced that it will list Jito Staked SOL (JITOSOL) on its spot trading platform, with trading paired with USDT starting on May 9, 2025. OKX to Begin Spot Trading of Jito Staked SOL (JITOSOL) on May 9 The listing includes a gradual rollout of deposit, auction and withdrawal functionality to ensure a smooth launch. Important Dates: Deposit: May 7, 2025, 19:00 Auction Period: May 9, 2025, 18:00-19:00 Spot Trading Start (JITOSOL/USDT): May 9, 2025, 19:00 Withdrawal Start Date: May 9, 2025, 21:00 To reduce early-stage price fluctuations, OKX will apply the following restrictions during the first five minutes of…
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. In January 2025, DeepSeek’s R1 surpassed ChatGPT as the most downloaded free app on the US Apple App Store. Unlike proprietary models like ChatGPT, DeepSeek is open-source, meaning anyone can access the code, study it, share it, and use it for their own models. You might also like: DeepSeek, China and Russia AI partnership: Western world is on notice | Opinion This shift has fueled excitement about transparency in AI, pushing the industry toward greater openness. Just…