Author: NBTC

The US CPI data is out, indicating that inflation increased in May and for the first time since February. Bitcoin reacted to the news, approaching the $109,120 level. Beyond the CPI, traders and investors will also monitor US jobs data and the PPI (Producer Price Index), due for release on Thursday. Inflation Rose To 2.4% in May, US CPI Data Shows The US Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI), showing that inflation rose at an annual rate of 2.4% in May, after 2.3% Year-on-Year (YoY) in April. This is the first time CPI has increased…

AAVE has demonstrated remarkable resilience in the face of global market turbulence, rebounding from a 15% price drop over four days as buyers stepped in to capitalize on DeFi’s growing momentum. The protocol’s price climbed from $240 to above $250, buoyed by expanding tokenized yield markets that are drawing increased institutional and retail interest. The price action comes as global trade tensions and new tariff uncertainties — including reports of China violating its trade agreement with the U.S. — injected volatility across risk assets. Despite these headwinds, the DeFi sector is showing renewed strength, with total value locked (TVL) surging…

The Securities and Exchange Commission (SEC) of the U.S. revealed that the agency has started its formal review process for Bitwise’s proposed Bitcoin and Ethereum ETF, a first-of-its-kind hybrid fund that would hold both cryptocurrencies. SEC Begins Review of Bitwise ETF Proposal Filed by NYSE Arca, the ETF is designed to track the combined market value of Bitcoin (BTC) and Ethereum (ETH), with an initial allocation of roughly 83% Bitcoin and 17% Ethereum. On February 19, 2025, NYSE Arca filed a proposal with the Securities and Exchange Commission (SEC) to list and trade shares of the Bitwise Bitcoin and Ethereum…

This is a segment from The Drop newsletter. To read full editions, subscribe. Coinbase is taking action to reduce the number of users it’s locking out — and says its efforts are paying off. “Account freezing has been a major issue at Coinbase for longer than is acceptable,” Coinbase CEO Brian Armstrong said. “I could list a bunch of the underlying reasons why it got so bad in the first place, but what’s more important is that we’ve made it a priority to fix, and we have been making good progress.” Dor Levi, Coinbase VP of Product, explained that he…

Injectiveannounces the official launch of the Injective Ambassador Program. This move opens the DeFi ecosystem to more creators, developers, and community leaders ready to drive its growth. A Shift in Community Engagement Injective’s new Ambassador Program marks a turning point in its community strategy. Instead of relying on occasional contributions or loosely organized efforts, this program introduces a clear structure, consistent incentives, and roles that let every user participate based on their strengths. Eric Chen, co-founder and CEO of the Injective Foundation, stated: “We created the Injective Ambassador Program to bring together one special family of ninjas to work together,…

Over the last couple of weeks, buzz has been growing about the CLARITY Act, a proposed new framework for US crypto regulation. The bill’s first markup is scheduled for tomorrow morning. But what is the significance of this new crypto bill, and which industry players support it? New Act Brings CLARITY To Crypto Regulation Since the GENIUS Act cleared a key cloture vote, US crypto policy has been an especially important topic. In late May, GOP Congressman French Hill proposed the Digital Asset Market Clarity (CLARITY) Act, a new framework for Web3 regulation. The bill’s first markup will happen tomorrow…

This is a segment from The Drop newsletter. To read full editions, subscribe. Crypto MMORPG MapleStory N said it’s banned thousands of accounts and is monitoring the game’s players for suspicious activity such as bot accounts or cheaters. “With ongoing updates to the automated system, more than 200 detections and corresponding restrictive measures are now being processed every hour,” the game’s team said in a developer’s note. The note, the text of which can also be read on a mirror post published last week, continued: “Our team continues to conduct thorough manual reviews based on user reports and submitted evidence.…

Tigran Gambaryan, the former U.S. federal agent who led Binance’s financial crime compliance efforts, announced that he is leaving the company after a tumultuous four-year tenure. Gambaryan, once a IRS investigator, joined Binance in 2021 when the crypto exchange was under growing scrutiny for its lax compliance with anti-money laundering regulations. At the time, Binance had no investigations team. Under his leadership, the company built a 100-person global unit staffed with former prosecutors and federal agents, he said on social media. However, His tenure at Binance took a dramatic turn in 2024, when Nigerian authorities detained him on allegations tied…

The executive power in Russia has suspended the expansion of a crypto mining ban that would have added several more regions to what’s already a long list of territories where the activity has been severely restricted. On Thursday, the government in Moscow scrapped or postponed measures to curb electricity consumption by Bitcoin miners in places from the Finnish border to beyond Lake Baikal, pointing to an expected decrease in tax and energy revenues as the main reason for the U-turn. Russian authorities take a step back on crypto mining ban Russia’s central government has decided to refrain from introducing restrictions…

Ripple CTO David “JoelKatz” Schwartz has responded to several questions on social media about his involvement with Evan “all the money” Schwartz. The user “DegenXRPHolder” wondered if the two had a relationship. Schwartz pointed out that just because they have the same last name, they are not related. However, he acknowledged that there is another Evan connected to Interledger who is a member of his family. The discussion then shifted to the current functioning of Interledger. Schwartz stated that the protocol may have been too advanced for its time. He added that being too soon can sometimes be as bad…