Author: NBTC
AI agent launchpad Virtuals Protocol (VIRTUAL) is up 7% ahead of the launch of I.R.I.S., its first agent on the Ethereum mainnet. I.R.I.S. is a collaboration between Virtuals, which is overseeing the launch, token distribution and ecosystem development, and Nethermind, which provided the core technical foundation, including agent engineering and blockchain security. It introduces AuditAgent, an automated smart contract security analysis platform, to I.R.I.S., which also scans social media channels and combines the two to identify security issues in real-time. Nethermind was founded by Tomasz Stańczak, the newly appointed co-executive director of the Ethereum Foundation. At the time of writing,…
Top investment firms demand SEC reinstate filing-order rule to protect crypto ETF innovation and prevent market dominance by giants. SEC Urged to Restore First-to-File Rule as Big Firms Exploit System Shift Executives from asset management firms Vaneck, Canary Capital, and 21Shares issued a joint letter to U.S. Securities and Exchange Commission (SEC) Chairman Paul Atkins on June 5, calling on the agency to reinstate its “first-to-file” approval framework for exchange-traded products (ETPs). The signatories argued that the Commission’s recent practice of granting simultaneous approvals—regardless of filing order—undermines fairness, diminishes innovation, and weakens the competitive positioning of smaller issuers, particularly in…
Huma, the PayFi infrastructure provider behind more than $4.5 billion in real-world transactions, has officially joined the Global Dollar Network (GDN) — a growing coalition of industry leaders advancing global stablecoin adoption.—Launched by Paxos and powered by the USDG stablecoin, GDN includes major players such as Robinhood, Kraken, Anchorage, Nuvei, and Worldpay. With this move, Huma strengthens its mission to deliver real-time, borderless finance by integrating into one of the most forward-thinking networks in the stablecoin ecosystem. Why USDG?USDG is a U.S. dollar-backed stablecoin issued by Paxos Digital Singapore, designed to comply with the Monetary Authority of Singapore’s (MAS) upcoming…
Pakistan has unveiled an ambitious plan to use its 2,000 megawatts of excess electricity for bitcoin mining and artificial intelligence (AI) data centers in a bid to reduce energy waste and accelerate the country’s digital transformation. Pakistan Uses 2,000 MW of Surplus Electric Power for Bitcoin Mining, Artificial Intelligence to Accelerate Technological Development As of March 2025, Pakistan’s total electricity generation capacity will be 46,600 MW, a slight increase from the previous year. However, a significant portion of this capacity remains idle at 14%, especially during low demand periods in winter when national demand can drop to as low as…
There has been a remarkable new development in the cryptocurrency world. A new blockchain project called “Stable” supported by USDT0, an initiative associated with the Bitfinex exchange and Tether, has been announced. Tether CEO Paolo Ardoino is among the advisors of the project. This new chain, called “Stable,” will use USDT, the world’s largest stablecoin, for transaction fees (gas fees). The target audience for the chain, which is still in its development phase, will not be individual users but rather financial institutions. The development team prefers to remain anonymous, describing the team only as “protocol engineers, fintech executives, and crypto…
The Bitcoin price today is trading near $107,690 following a slight dip from Monday’s peak above $110,800. While the broader uptrend remains intact on higher timeframes, intraday charts reveal early signs of exhaustion, especially as BTC tests a confluence of resistance near the 0.618 Fibonacci level and the upper Bollinger Band. Traders are watching closely to see whether Bitcoin price action can stabilize above key moving averages or if further downside pressure will emerge in the near term. What’s Happening With Bitcoin’s Price? BTC/USD price dynamics (Source: TradingView) Over the past 48 hours, Bitcoin price has been consolidating below the…
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U.S. interest payments hit $1.1T in Q1 2025, marking a record and sharp budgetary rise. Rising rates and $34T debt drive steep increase in federal debt servicing costs. Interest payments could reach $1.7T by 2034, rivaling defense and Medicare spending. According to newly released figures from the Bureau of Economic Analysis and Bravos Research, the U.S. government’s interest payments reached an all-time high, totaling $1.1 trillion in the first quarter of 2025. This move shows the continued economic strain from growing debt levels and sustained high interest rates. The latest analysis signals a growing burden on the federal budget, with…
Ethereum restaking protocol EigenLayer is introducing artificial intelligence into its decision-making process, seeking to ensure that proposed actions comply with the protocol’s rules. Working with AI development platform Sentient, EigenLayer will introduce Judge Dobby, which Sentient calls an “AI adjudicator” focused on the subjective decision-making needed to reason through complex, real-world corporate governance scenarios. “While traditional AI systems excel at tasks with clear, correct answers, such as translation, classification, and recommendations, governance is full of gray areas,” Sentient said in a release. “Current models fail to offer meaningful legitimacy when answering subjective questions, such as who deserves funding in a…
China has announced plans to sell seized digital assets through licensed exchanges in Hong Kong. The initiative is in collaboration with the China Beijing Equity Exchange (CBEX) to manage digital assets seized in criminal cases. In line with this, CBEX will engage third-party agencies to help sell the assets on regulated exchanges. According to reports, the digital assets seized from criminal proceeds will be converted into yuan and deposited into designated accounts. This is the first time a mainland Chinese agency will be carrying out a process to dispose of seized digital assets. This development is possible because Hong Kong…