Author: NBTC
Injective surpassed 2 billion on-chain transactions without any halts or errors, showcasing unmatched network stability and performance. T-Mobile deepens its role in Injective’s ecosystem by joining as a validator and backing its DeFi infrastructure development. Injective just passed a major milestone that has many in the crypto world looking twice: 2 billion on-chain transactions. Yes, two billion, and that was without a single system outage or error. The network keeps running like a super-fast train, with no sudden brakes, no breakdowns, and no incidents. For many other projects, a million stable transactions would be an achievement. But Injective? They’re playing…
The UK’s Financial Conduct Authority has appointed Sarah Pritchard as its new deputy chief executive, a move that reflects the regulator’s expanding responsibilities across digital finance and international policy. The announcement marks the formal establishment of the deputy CEO role as the FCA assumes a broader mandate, encompassing oversight of stablecoins, crypto firms, and Buy Now Pay Later products. Pritchard, who joined the FCA in 2021, will retain her existing duties, including leadership on consumer protection and competition, while stepping up to support Chief Executive Nikhil Rathi in managing the FCA’s day-to-day operations, according to a release on the matter.…
Viral mobile game Flappy Bird still has plans ahead in the crypto world, according to a blog post from the Flappy Bird Foundation, the entity that acquired the smash mobile game’s trademark and brought it back via Telegram last year. The game’s relaunch on Telegram came with a play-to-earn mining campaign for an eventual FLAP token on The Open Network (TON). However, the future of those plans became uncertain when its Telegram mining phase ended with no token airdrop this spring, and the game’s Android relaunch in April came without a crypto connection. Now though, the Flappy Bird Foundation says…
In a post on X (formerly Twitter), James Wynn, the popular high-volume trader on the decentralized exchange Hyperliquid, publicly criticized the platform’s referral incentives and warned that its days could be numbered if it fails to evolve. His comments come amid rising anticipation for a new decentralized exchange (DEX) being developed by Binance founder Changpeng “CZ” Zhao, one that promises to shield large traders from front-running and liquidation risks. Wynn wrote in his post that he hasn’t been paid a single cent by Hyperliquid. He stated, “I reached out on two occasions hoping to get some kind of partnership deal…
Ripple has doubled down on blockchain innovation in the Asia-Pacific (APAC) region by committing over $5 million in additional funding through its global University Blockchain Research Initiative (UBRI). The firm said the investment reflects Ripple’s dedication to cultivating next-generation blockchain talent and supporting academic research. The move, which follows $25M U.S. donations to drive crypto innovation, will span six countries, with renewed partnerships in South Korea, Japan, and Singapore, and new grants in Taiwan and Australia. The crypto firm said it continues to work closely with top universities across APAC to support student initiatives by providing the tools, funding, and…
Bitcoin (BTC) rose above $111,000 after its rally last week. While strengthening the expectation of a new record rise, Tom Lee, the co-founder of Fundstrat Global Advisors, known for his bold predictions for Bitcoin, announced his new expectation for Bitcoin. Tom Lee, who shared from the X account, said that Bitcoin is about to enter the banana zone phase where it has high growth potential. Lee used analysis shared by Julien Bittel, head of macro research at Global Macro Investor, in his forecast. According to Bittel’s chart, Bitcoin has gone through four major market cycles since 2011. And each cycle…
Interconnections between centralized and decentralized crypto lending are heightening systemic risk, Galaxy Digital’s research arm said in a June 4 report on first-quarter borrowing data. The report estimated that as of March 31, over $39 billion in crypto-collateralized debt was outstanding across decentralized lending apps, centralized lenders, and crypto-backed stablecoin issuers. DeFi protocols accounted for 45.3% of the total, centralized venues accounted for 34.6%, and collateralized stablecoins accounted for 20.1%. According to the report, many centralized desks raise short-term liquidity on DeFi rails, then lend the funds off-chain. This duplication causes the same debt obligation to appear in both on-chain…
Based on the most recent figures, non-fungible tokens (NFTs) generated approximately $474 million in sales throughout May, marking a 21.25% decline compared to April’s total. NFT Market Declines in May NFT sales maintained their downward trajectory in May, with monthly figures falling short by $127.9 million compared to the prior month. Although the number of NFT buyers climbed by 16.45% and sellers edged up by 1.57%, based on data from cryptoslam.io, total sales told a different story. Ethereum-based NFTs held the lead with $140.39 million in sales, accounting for roughly 29.63% of May’s total volume. Source: cryptoslam.io Despite topping the…
As top cryptocurrencies look to break above key levels amid fresh market optimism, ether.fi, the liquid staking protocol on Ethereum, saw its native token soar more than 21% to hit two-week highs. The price of ether.fi (ETHFI) outpaced most top altcoins, including Ethereum (ETH) that surged over 5% amid adoption news as SharpLink Gaming announced plans to buy $425 million of Ethereum. ETHFI also outpaced Bitcoin (BTC), with the decentralized staking protocol’s 21% spike to above $1.51 outshining Bitcoin’s modest 0.7% gain as BTC hovered near $110,000. Notably, the $2.5 billion fundraising announcement from Trump Media to acquire Bitcoin had…
South Korean President Lee Jae-myung’s Democratic Party submitted a bill to parliament that would allow qualifying companies to issue stablecoins, Bloomberg reported on Tuesday. The Digital Asset Basic Act is aimed at improving transparency and encouraging competition in cryptocurrency, Bloomberg said. Companies would be able to issue their own stablecoins provided they have at least 500 million won ($368,000) in equity capital and can guarantee refunds through reserves as well as receiving approval from the Financial Services Commission. Lee, voted in as president last week, made a number of promises to South Korea’s crypto industry during his election campaign, appealing…