Author: NBTC
PYUSD adoption expands beyond apps, entering DeFi protocols on both Ethereum and Solana with broader utility. Ondo, Zero Hash, and Morpho support unlocking more real-world use cases and passive yield opportunities. The supply of PayPal’s PYUSD stablecoin is approaching the psychological $1 billion mark, according to Token Terminal. While it was initially launched as a stable digital payment alternative, it has now expanded further into the DeFi space. The surge has not only occurred on the Ethereum network, but also on Solana, which has seen distribution growth of over 170% in the past month. Many initially thought PYUSD would only…
The long-running legal battle between the SEC and Ripple just took another dramatic turn. Judge Analisa Torres, who has been overseeing the case, has rejected a joint request from both Ripple and the SEC that aimed to wrap up the lawsuit once and for all. This latest move means the fight isn’t over yet. The rejected filing was meant to adjust the penalty terms against Ripple and then clear the way for both sides to pull back their appeals. But Judge Torres wasn’t having it. Does XRP Have Legal Clarity? To add to the drama, there’s been a fresh claim…
Crypto exchange Coinbase has signed a lease for office space in San Francisco’s Mission Rock development, marking the crypto exchange’s return to the city after abandoning its headquarters model roughly three years ago. The move is based on a deal Coinbase secured for a 150,000 square foot spot at 1090 Dr. Maya Angelou Lane, and represents more than half of Building B at the waterfront development built by Tishman Speyer and the San Francisco Giants. San Francisco “is the place to build and grow,” Mayor Daniel Lurie wrote Thursday afternoon on X, welcoming Coinbase. The space will serve as Coinbase’s…
Arbitrum gained $381 million in stablecoin inflows over the last week, while Ethereum lost $374 million. Stablecoin users are increasingly flipping out of Ethereum (ETH) and into faster, cheaper layer-2 chains. For the week ending June 2, Ethereum’s layer-2 network, Arbitrum (ARB), led all top chains in stablecoin inflows. The network recorded $381 million in inflows, while Ethereum saw $374 million in outflows. $381M into Arbitrum.🔩 $374M out of Ethereum.In just 7 days.👁️🗨️ More than stablecoin rotation this is risk-on capital choosing speed, incentives, and lower friction.If this trend holds, are we watching the early signs of an L2 liquidity…
Ethereum pushed above the $2,600 mark yesterday, signaling renewed momentum, but the rally lost steam as broader market uncertainty capped further gains. Despite this, ETH remains resilient, holding above critical demand levels that have supported its recent uptrend. Investors and analysts alike are watching closely, as Ethereum’s strength could be the catalyst that kicks off the long-anticipated altseason. The broader crypto market remains in a cautious state due to macroeconomic volatility and shifting investor sentiment, but Ethereum’s ability to stay above $2,500 has helped maintain bullish conviction. Many are now eyeing the $2,650 level, which has historically acted as a…
Shares of Circle (CRCL) began trading on the New York Stock Exchange (NYSE) on Thursday, opening at $69 a share in early trading, 123% above the $31 price it had set the night before. The company announced late Wednesday that it sold roughly 34 million shares in its initial public offering, raising $1.1 billion and landing a valuation of $6.9 billion. The listing marks Circle’s long-awaited arrival on public markets after previous attempts, including a failed SPAC deal in 2021. Circle’s debut lands in a market still wrestling with an uncertain macroeconomic environment. Earnings season is winding down, and more…
Singapore mandates all unlicensed crypto firms to stop serving overseas clients by June 30, 2025, with no transitional period allowed. Companies must meet strict DTSP licensing standards, including local leadership and compliance, to continue operating legally in Singapore. Singapore no longer gives room for local crypto companies that do not have official permits. The Monetary Authority of Singapore (MAS) has stated that starting June 30, 2025, all local crypto entities without a Digital Token Service Provider (DTSP) license must stop providing services to overseas clients. There is no transition period. No exceptions. For those who remain stubborn, sanctions await. Strict…
South Korea’s leading virtual asset exchange Bithumb has officially announced that its new digital assets INIT and FLOCK will be listed on the won market. Bithumb Lists INIT and FLOCK on Korean Won Market The two assets are planned to start trading on May 30 (Friday) 2025 at 18:00. Deposits and withdrawals will begin within 2 hours from the moment of the announcement. Listing Details of INIT and FLOCK Iniisia (INIT) is an asset based on the Initia network, and deposits via other networks are not supported. The transaction reference price is 1,199 won, and the deposit confirmation number is…
Arichain, an advanced modular framework to develop privacy-preserving and customized blockchain solutions, has announced new partnership with IQ AI, an AI and blockchain-driven ecosystem to democratize information. The partnership aims to combine the blockchain and AI technologies to deliver rapid and effective insights to the consumers. The platform revealed this mutual initiative in a recent X post. Announcing Arichain’s Web3 Partnership Arichain X IQ AI@IQAICOM is a blockchain + AI-powered knowledge ecosystem, rooted in the belief that “knowledge is power.” Whether you’re a trader, researcher, or crypto newbie, IQ is your gateway to valuable Web3 and blockchain… pic.twitter.com/Q3amKiaGZf — Arichain…
Jim Chanos, one of the most famous short sellers, recently slammed Strategy founder Michael Saylor for promoting “complete financial gibberish.” Chanos believes that justifying valuation through NAV changes is absurd. “This is, of course, complete financial gibberish. Mr. Saylor wants you to value his business based not only on the net value of his Bitcoin holdings (NAV) at market, but additionally with a multiple on the change in that NAV!” Chanos said in a recent social media post. James Chanos recently came up with a provocative idea of buying Bitcoin (BTC) as a hedge while simultaneously shorting Strategy (MSTR), the…