Author: NBTC

HYPE, the native token of Hyperliquid, was a standout performer among altcoins in May, as traders flocked to the decentralized exchange’s perpetual futures offering, according to a report published by asset manager Grayscale on Monday. HYPE was recently changing hands around $37.72, a 14% increase over the past day, according to crypto data provider CoinGecko. Over the past 30 days, the token’s price has soared 80%. HYPE reached an all-time high of $39.68 just over a week ago. “Hyperliquid has seen consistently high organic usage and robust liquidity and should increasingly compete with centralized derivative exchanges like Binance and Bybit,”…

Metalpha Technology Holding Limited (Nasdaq: MATH), a provider of institutional digital asset wealth management services, has announced a partnership with DogeOS, the application layer founded by MyDoge. The collaboration aims to support the development of Dogecoin (DOGE) as a blockchain platform suitable for gaming, decentralized finance (DeFi), and artificial intelligence (AI) applications. DogeOS is focused on expanding the utility of Dogecoin beyond its current use on centralized exchanges. While Dogecoin records more than 4 million daily transactions and holds a position among the top cryptocurrencies by market capitalization, its integration with decentralized platforms remains limited. DogeOS is developed by the…

A new report from Gemini and Glassnode finds that more than 30% of Bitcoin’s circulating supply is now held by just 216 centralized entities. Since 2015, the amount of Bitcoin (BTC) held by these entities has grown by 924%, rising from about 600,000 BTC to over 6.1 million BTC (worth around $670 billion). The entities include exchanges, exchange-traded funds (ETFs), companies, decentralized finance (DeFi) contracts, and governments. Over the same period, BTC has surged from under $1,000 to more than $100,000. Currently, BTC is trading at over $109,000, according to The Defiant’s price page. The report also shows that across…

DeFi Development Corp. (DFDV), the Nasdaq-listed firm pursuing a solana SOL$156.99 treasury strategy, is planning to get some more dry powder to boost its SOL stack.According to a Thursday press release, the company has secured a $5 billion equity line of credit with RK Capital Management. The agreement allows DeFi Dev to sell shares at its discretion, so long as it meets conditions like filing a resale registration with the U.S. Securities and Exchange Commission. The company said it plans to file the necessary paperwork soon. “We now have the flexibility and structure we need to scale,” said Joseph Onorati,…

The cryptocurrency market has seen a surge in institutional interest in recent months, with BlackRock making notable moves towards Ethereum. This move has sparked a bullish outlook for Ethereum (eth) price. On June 5, BlackRock purchased $34.7 million worth of Ethereum (ETH), marking a significant shift in institutional investment patterns. With ETH price currently trading at around $2,572, this move has sparked discussions on the potential for a bullish outlook for the asset. As Ethereum’s price continues to consolidate, eyes are now on whether BlackRock’s decision could signal a larger shift toward ETH adoption. BlackRock’s $34.7M Ethereum Purchase Sparks Institutional…

This is a segment from the Lightspeed newsletter. To read full editions, subscribe. Earlier this week, Blockworks first reported that pump.fun has plans to raise $1 billion at a $4 billion valuation via a token sale. The potential b-nut would add to a likely already sizable war chest for the memecoin launchpad, which has generated over $700 million in revenue since launching last year. Some have speculated that the fresh funds could go toward the rollout of a pump.fun blockchain, which would capture some of the trading fees that currently go to Solana. In this week’s Lightspeed podcast roundup, Helius…

Shiba Inu’s layer 2 platform, Shibarium, has seen a 7,154% surge, gaining market attention. Shibarium daily transactions increased by 7,154% in just five days, from 63,820 on June 4 to 4.63 million on June 9. Shibarium transactions flatlined in late May to early June, as profit-taking and macroeconomic uncertainty triggered declines on the market, causing investor optimism to wane. The recent surge in daily transactions suggests a comeback, which is reflected in other Shibarium measures. According to the most recent count, the Shibarium network has processed 1,221,075,772 transactions. Total blocks have surpassed 11 million, with the most recent count of…

OpenAI is contesting a federal court order requiring it to preserve all user data, including deleted chats, as part of a copyright lawsuit brought by The New York Times. “We strongly believe this is an overreach by The New York Times. We’re continuing to appeal this order so we can keep putting your trust and privacy first,” OpenAI COO Brad Lightcap said in a statement. The decision stems from a May 13 order to “preserve and segregate all output log data that would otherwise be deleted on a going forward basis until further order of the Court.” The New York…

Blazpay, an advanced crypto payment platform, has commenced an exclusive collaboration with ManusPay, an AI-driven crypto payment entity. The partnership aims to deliver streamlined, AI-led cryptocurrency payments. The platform disclosed this development in a recent post shared on its official X account. We’re excited to announce our partnership with @ManusPay – an AI-powered crypto payment stack built to lower the barriers to using and integrating crypto payments. 💸🤝From frictionless transactions to seamless integrations, Blazpay x ManusPay are building the future of… pic.twitter.com/24ZMaG10nA — Blazpay (@blazpaylabs) June 3, 2025 Blazpay Joins Forces with ManusPay to Advance Crypto Payments with AI Integration…

At block height 901,152 on Friday, the Bitcoin network logged its 12th difficulty adjustment of the year, slipping a slight 0.45%, which lowered the difficulty to 126.41 trillion. The next day, Saturday, miners pushed the network’s computational power to yet another peak, eclipsing the previous high recorded last month. Difficulty Drops, Hashrate Soars, but Miners Still Feel the Heat On June 14, 2025, Bitcoin’s hashrate carved out a fresh milestone, hitting a peak of 946 exahash per second (EH/s) based on the seven-day simple moving average (SMA). The prior all-time high (ATH) was set on May 31, when the network…