Author: NBTC
Hong Kong — Decentralized identity just took a giant leap into the real world. Humanity Protocol, the palm-based Proof of Humanity platform, has officially acquired Moongate, a leading Web3 event infrastructure company known for powering NFT ticketing, credentialing, and access for some of the biggest global events in crypto. —This isn’t just a merger — it’s a mission accelerator. By integrating Moongate’s tech stack, Humanity Protocol is now positioned to bring human-first, privacy-preserving identity to real-life spaces like conferences, music festivals, and community gatherings. Think biometric verification for seamless event access, loyalty rewards, and credentialing — all anchored in your…
Bitcoin hovers above $109K, with a double-top pattern hinting at a possible correction. As Bitcoin remains near the psychological level of $110,000, short-term price action suggests a double-top reversal. Could increasing market greed fuel a pullback below $106,000? Market Sentiment Hits Greed Phase According to a recent tweet by Darkfost, a crypto analyst, the Crypto Fear and Greed Index has entered the greed phase. Historically, extreme greed in this index often signals a local top. However, it can also reflect increased optimism for strong Bitcoin performance. 📊 I’m sure you’re starting to feel it, the greed sentiment is settling in…
Falcon’s sUSDf offers 10.19% yield plus Droplets in Clearpool’s Ozean Pre-Deposit Campaign. USDf supply surpasses $350M after rapid growth across Ethereum and major exchanges. Falcon’s protocol emphasizes transparency with audits, MPC custody, and institutional backing. Clearpool has announced a new phase of its decentralized credit network with the launch of the Ozean Pre-Deposit Campaign, highlighting Falcon Finance as a key partner. The campaign features Falcon’s synthetic dollar products, USDf and sUSDf, which enable users to access institutional-grade yield strategies while participating in Clearpool’s new reward model. According to the report, participants can deposit sUSDf to earn Droplets and access an…
Ethereum (ETH) has demonstrated impressive strength over the past 24 hours, with its price surging by 9%. This recent upward momentum is being closely scrutinized by analysts, particularly as key technical indicators suggest the cryptocurrency is at a pivotal point. A clear bullish trend appears to be building from a significant rise in its Relative Strength Index (RSI) to a strengthening Directional Movement Index (DMI). However, ETH now faces critical resistance levels that determine whether it can sustain this rally or if a correction is on the horizon. Is ETH Gearing Up for a Breakout as Trend Strength Builds? Ethereum’s…
Circle’s CRCL shares are drawing strong interest following the company’s recent listing on the New York Stock Exchange. The firm, best known for issuing the USDC stablecoin, has seen its stock price rise sharply since launch. Data from Yahoo Finance shows Circle’s stock climbed nearly 22% in pre-market trading, reaching above $130 before retracing slightly at open to $123. This follows an earlier surge during its IPO launch that pushed the stock to $107 at the close of trading on June 6. Industry observers have pointed out that Circle’s recent IPO ranks among the most successful fintech offerings in recent…
In a recent AMA session, Cardano founder Charles Hoskinson floated a bold proposal to enhance stablecoin liquidity in the Cardano ecosystem. Specifically, he suggested converting $100 million worth of ADA in the treasury into USDM, a native Cardano-backed stablecoin. Hoskinson noted that the Cardano treasury currently holds approximately 1.7 billion ADA. It could be partially utilized to deploy a liquidity initiative to jumpstart decentralized finance (DeFi) activity across the network. “We could convert a hundred million ADA into USDM, put financial infrastructure behind it, and start building up trading, market-making, and total value locked (TVL) in the Cardano ecosystem,” Hoskinson…
The long-debated bipartisan GENIUS Act—set to establish the United States’ first comprehensive federal framework for stablecoin regulation—may pass the Senate as soon as Wednesday, June 11. This timeline comes after Senate Majority Whip John Thune filed cloture today on Amendment #2307. This is a key bipartisan substitute to the original bill (S.1582), and on the bill itself. Next Steps for the GENIUS Act Cloture, a procedural tool used to limit debate and force a final vote, allows 30 hours of focused Senate debate. Barring procedural delays, the chamber is expected to hold final votes on both the amendment and the…
Major crypto trading platform Bitget, headquartered in Hong Kong, has announced that it has rolled out new pairs with the Ripple USD (RLUSD) stablecoin after adding support for this recently launched Ripple product approximately a week ago. As reported by U.Today, the initial listing of the new dollar-pegged stablecoin took place on May 29. On that day, the platform launched the following trading pairs based on Ripple’s new product: RLUSD/USDT and RLUSD/USDC — Ripple’s stablecoin versus those minted by Tether and Circle. Now, Bitget has announced that new pairs have gone live for traders: BTC/RLUSD, ETH/RLUSD and XRP/RLUSD. #Bitget has…
Bitcoin miner HIVE Digital Technologies (HIVE) has surpassed 10 exahash per second (EH/s) in hashrate capacity, a 58% increase from April, driven by the launch of a 100-megawatt hydro-powered site in Paraguay. The company said in a press release on Friday that it’s on track to reach 25 EH/s by the end of 2025. The firm mined 139 bitcoin in May, or an average rate of 4.5 BTC per day. Peak capacity hit 10.4 EH/s while average hashrate for the month stood at 8.5 EH/s. HIVE said its fleet efficiency remained steady at around 20 joules per terahash (J/TH), and…
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…