Author: NBTC
Bitwise data shows Ethereum now handles more institutional stablecoin flows than retail retail trades. Ethereum (ETH) isn’t just for non-fungible tokens or and decentralized finance degens anymore. According to a new analysis from Bitwise Europe, the network’s base layer is quietly transforming into a heavyweight settlement system for institutional money — while retail activity shifts elsewhere. 𝐓𝐡𝐞 𝐀𝐥𝐭 𝐕𝐢𝐞𝐰🔎We see Ethereum evolving from a retail toll road to a freight terminal for institutional-grade use cases. The infrastructure is in place: blobspace, validator incentives, and governance upgrades.The challenge now? Activating demand.This chart breaks… pic.twitter.com/t2r27FCucE — Bitwise Europe (@Bitwise_Europe) May 28, 2025…
Eric Trump and Donald Trump Jr. bashed the traditional finance system and championed the U.S.’ pro-crypto pivot and their own digital asset endeavors on Wednesday at the Bitcoin 2025 conference in Las Vegas—underscoring the Trumps’ growing enmeshment with the cryptocurrency community, despite critics’ concerns over conflicts of interest posed by the First Family’s embrace of the industry. The two eldest sons of U.S. President Donald Trump touted the U.S.’ foray into Bitcoin and other cryptocurrencies during a roughly 30-minute talk in which they urged the audience to buy Bitcoin and touted the virtues of their decentralized finance platform World Liberty…
VivoPower International (VVPR), a Nasdaq-listed energy company, said on Wednesday it has secured $121 million in a private share placement to fund its pivot to digital asset treasury focusing on XRP XRP$2.26 , the fourth largest cryptocurrency by market capitalization. The raise was led by Saudi Prince Abdulaziz bin Turki Abdulaziz Al Saud, investing $100 million, a spokesperson to the company told CoinDesk. The company sold 20 million ordinary shares priced at $6.05 per share. Adam Traidman, a former Ripple executive who led the SBI Ripple Asia, is joining the company as chairman of the board of advisors, according to…
A former director of the collapsed Australian crypto exchange ACX.io is facing civil court action over what regulators allege are serious breaches tied to the disappearance of millions in customer funds. On Wednesday, the Australian Securities and Investments Commission announced proceedings against Liang “Allan” Guo, accusing him of misusing user funds, failing to keep proper financial records, and making misleading statements while serving as a director at Blockchain Global Ltd. The company, now in liquidation, operated the ACX exchange, which froze withdrawals in late 2019 and ultimately left over $20 million in claims from former customers. The lawsuit is the…
With bitcoin’s price consolidating following the all-time high (ATH), the network’s computational power has reached an unprecedented zenith, touching a peak of 943 exahash per second (EH/s). Bitcoin Nears Zettahash Milestone Bitcoin’s global hashrate has reached a fresh pinnacle, with data reflecting a high of 943 EH/s based on the rolling seven-day simple moving average (SMA). This milestone was achieved on May 31, arriving just 22 days after the previous high of 929 EH/s, marking a 14 EH/s increase above the former peak in computational power. Source: hashrateindex.com Moreover, this milestone stands just 57 exahash shy of breaching the 1…
Welcome to The Protocol, CoinDesk’s weekly wrap-up of the most important stories in cryptocurrency tech development. I’m Margaux Nijkerk, the Ethereum protocol reporter on CoinDesk’s Tech team. In this issue: The Solana Network Is Now Live on MetaMask Privacy Crypto Dero Targeted With New Self-Spreading Malware FIFA Teams Up With Avalanche to Build Its Own Blockchain, Expanding Web3 Ambition FIFA Teams Up With Avalanche to Build Its Own Blockchain, Expanding Web3 Ambition Network News SOLANA NOW ON METAMASK: MetaMask announced on Tuesday that its Solana integration was live, meaning that users can now transact on the second-largest smart-contract platform and…
DRX has announced a strategic partnership with Terminus to broaden business growth and create new markets in the Web3 world. DRX is a project that specializes in sports in Asia, leveraging blockchain technology to redefine sports engagement and consumer experiences. With its native crypto asset, DRX Token, the project supports various programs that promote consumer engagement through gamification and rewards. On the other hand, Terminus is a metaverse network running on top of the BNB Chain. It enables users to browse/discover content and engage with others in real-time. Terminus x DRX Token: A Hyperdrive Web3 Partnership 🤝Across the neon-lit cosmos…
Today, the Human Rights Foundation (HRF) announced its most recent round of Bitcoin Development Fund grants, according to a press release sent to Bitcoin Magazine. 800 million satoshis (8 BTC) currently worth over $874,000 at the time of writing, is being granted across 22 different projects around the world focusing on open-source development, educational initiatives, Bitcoin mining decentralization, and privacy tools for human rights advocates living under authoritarian regimes. The main areas of focus for these grants center around Latin America, Africa, and Asia While the HRF did not disclose how much money each project is receiving specifically, the following…
Stablecoin legislation may unlock a slew of new competitors for Circle and its USDC stablecoin in the U.S., but in the realm of decentralized finance, or DeFi, a serious rival is unlikely to emerge anytime soon, according to analysts at investment bank Compass Point. Although Tether’s USDT is king in emerging markets, Circle’s USDC stablecoin has a dominant presence across the crypto industry’s growing number of decentralized exchanges, lending protocols, and other DeFi settings, analyst Ed Engel and Joe Flynn wrote in a Wednesday note. Circle was set to debut on the New York Stock Exchange on Thursday, targeting a…
Floki Inu reveals FlokiTars NFT can be burned to unlock exclusive in-game features and rare Viking-themed items in Valhalla. Valhalla becomes an official partner of the Baroda Premier League 2025 with full branding across 24 cricket matches in India. Floki Inu is making a splash again. Through its latest announcement, the team behind this crypto meme project stated that NFT FlokiTars will play a major role in their metaverse game, Valhalla. Not just as a display in a digital wallet, FlokiTars will actually be the key to unlocking various features and bonuses in the game. The mechanism is simple: players…