Author: NBTC

Argentina’s anti-corruption unit has cleared President Javier Milei for his involvement in the debut of the LIBRA meme coin, according to a court filing on Friday, although a criminal probe is still underway. The office said that the president was acting in a personal capacity when he posted about the cryptocurrency earlier this year, and concluded that there was no wrongdoing. President Milei in February advertised LIBRA on X (formerly Twitter), saying the cryptocurrency could benefit Argentina. LIBRA peaked at $4.50 after debuting before falling by 90% to below $.50, according to the crypto analytics platform DexScreener, prompting investors to…

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. BingX has launched a $150 million self-funded Shield Fund to provide real-time protection for users against cyber threats and market volatility, reinforcing its focus on security and transparency in crypto trading. PANAMA CITY, June 5, 2025 – BingX, a leading global cryptocurrency exchange and Web3 AI company, has introduced the Shield Fund, a permanent $150 million safety reserve dedicated to safeguarding users against unforeseen cyber threats and extreme market volatility. Unlike conventional insurance models, the Shield Fund…

Bitcoin mining firm BitFuFu posted a record-setting month in May, boosting its hashrate under management to 34.1 exahashes per second (EH/s) and producing 400 BTC, up 91% from April. Most of that production came from cloud-mining clients, who generated 357 BTC, while the remaining 43 BTC came from BitFuFu’s self-mining operations. The increase was largely attributed to a full month’s use of additional machines deployed in late April. More hardware was added at the end of May, setting the stage for potential gains in June. Hashrate under management jumped 20.5% from April and now includes 4.2 EH/s of self-owned capacity…

Chainlink’s blockchain protocol facilitated a simulated exchange between Hong Kong’s prototype central bank digital currency (CBDC) and an Australian dollar stablecoin in Phase 2 of the e-HKD+ Pilot Programme. Chainlink Enables Direct e-HKD to Australian Stablecoin Exchange in Test The Hong Kong Monetary Authority (HKMA) initiative involves Visa, ANZ, Fidelity International, and ChinaAMC Hong Kong testing cross-border transactions using tokenized assets. The experiment demonstrated how Australia-based investors could acquire Hong Kong money market fund (MMF) units using either the e-HKD or tokenized bank deposits. Source: Visa “Interim Report: e-HKD Pilot Programme Phase 2” study. Chainlink’s Cross-Chain Interoperability Protocol (CCIP) connected…

While PancakeSwap leads in the DeFi market, CAKE’s price has yet to catch up with the platform’s momentum. With current technical advancements and strategies, PancakeSwap has the potential to continue growing, but the road ahead remains fraught with challenges. PancakeSwap’s Rise in the DeFi Market PancakeSwap, one of the decentralized exchanges (DEX) on BNB Chain, is solidifying its strong position in decentralized finance (DeFi). According to the latest data from Dune Analytics, PancakeSwap led in trading volume market share over the past seven days, with an impressive 66.9%. PancakeSwap’s monthly volume. Source: DefiLlama Not stopping there, DefiLlama reports that the…

Ethereum remains trapped in a month-long high time frame range. As volume declines and volatility builds, traders are watching closely for a confirmed breakout that could define ETH’s next big move. Ethereum (ETH) continues to consolidate between two major high time frame levels, with support holding at $2,400 and resistance capping price near $2,800. Since mid-May, price action has remained stuck within this range, creating a critical zone where accumulation or distribution may be taking place. With volume drying up, the market awaits a decisive breakout to determine Ethereum’s next direction. Key technical points High Time Frame Range: ETH is…

Layer 1 blockchain Plasma showcased the massive demand for exposure to the stablecoin sector this morning, filling a $500 million initial coin offering (ICO) deposit vault in a matter of minutes. The token sale was initially capped at $250 million, but after the vault filled instantly, the cap was doubled to $500 million, which filled as soon as market participants realized the cap had been increased. The raise is being managed in collaboration with Sonar, which is the ICO arm of Cobie’s public fundraising platform, Echo. Plasma is a ‘stablechain,’ or a Layer 1 (L1) blockchain optimized for stablecoin transactions,…

Kenya’s 1.5% crypto tax risks driving startups, freelancers, and digital creators to unregulated platforms or overseas markets. Lawmakers urge tax reform, privacy safeguards, and a phased rollout to balance innovation with effective crypto regulation. As Kenya imposes a 1.5% tax on every crypto transaction, it threatens to disrupt Africa’s digital integration. It can also jeopardize the region’s fintech leadership, driving startups and talent abroad. The African Continental Free Trade Area (AfCFTA) sees 54 nations as a unified market incorporating digital assets. But new rules and regulations in different African countries threaten this vision of unity. Kenya risks more than revenue…

Binance has placed four digital assets, Beefy (BIFI), StaFi (FIS), Komodo (KMD), and Measurable Data Token (MDT), under its Monitoring Tag as of June 5, citing findings from its latest routine assessments. The Monitoring Tag designation identifies tokens that may display elevated volatility, carry increased risk, or fail to meet the exchange’s listing standards. The announcement, published on Binance’s official platform, outlines major evaluation metrics that contributed to the decision and discusses its implications for token holders and traders. What the Monitoring Tag Means for Listed Tokens and Traders Tokens receiving the Monitoring Tag are subjected to enhanced oversight. Binance…

A single Bitcoin miner has single-handedly solved a Bitcoin (BTC) block and won the entire $330,000 reward. One in a Million Chances! According to Mempool data, a Bitcoin miner earned a block reward of $330,000 despite the network difficulty reaching a record high of 126.98 trillion. According to the data, the solo miner earned $327,625 in subsidy rewards and approximately $2,761 in total transaction fees and claimed 3.15 BTC. A solo miner successfully mined block number 899,826 and earned a rare reward worth $330,386. The miner achieved the feat by mining block 300 from the solo.ckpool Bitcoin mining pool. “Congratulations…