Author: NBTC
This is a segment from The Drop newsletter. To read full editions, subscribe. A crypto wallet made by Magic Eden, its subsidiary Slingshot, and the TRUMP memecoin team called Trump Wallet is facing scrutiny from the US President’s sons. The wallet’s reveal — which began as a leak after crypto researcher and critic Molly White spotted it online — spurred an announcement from Magic Eden yesterday confirming the Trump Wallet’s existence, calling it an “official $TRUMP wallet.” The marketplace promoted the upcoming wallet as “the first and only crypto wallet for true Trump fans.” Magic Eden CEO Jack Lu also…
Financial Secretary Chan revealed that a second policy statement on Hong Kong’s digital asset strategy will be issued later this month. It will focus on integrating financial services with innovation and expanding real-world application scenarios for digital assets. At the 2025 Caixin Summer Summit, Chan confirmed that the city had already launched licensing systems for digital asset trading platforms and stablecoins. Hong Kong was also advancing new regulations for custody and OTC services. Chan previously said the Securities and Futures Commission (SFC) was reviewing virtual asset derivatives for professional investors, starting with BTC and ETH Perpetuals. Hong Kong released its…
Twelve years ago, Gate entered the scene as a fledgling crypto exchange. Today, per figures shared with Decrypt, it serves over 26 million users worldwide, supports more than 3,800 cryptocurrencies, and ranks among the top three exchanges globally for total trading volume—including second for spot trading and fifth for futures. To mark its 12th anniversary, the company has unveiled a sweeping brand transformation that reflects its evolution into a next-generation exchange—one built for scale, resilience, and the decentralized future. “A truly long-term leading exchange must possess five core capabilities: serving billions of users, supporting millions of tokens, executing trillions in…
Sergey Nazarov says U.S. stablecoin regulation will spark global growth, raising the bar for transparency and cross-chain functionality. Chainlink positions itself as the go-to platform for stablecoins, offering proof of reserves, cross-chain support, and on-chain compliance. As stablecoin regulation in the US gains momentum, a major shift is brewing in the global digital asset space. In an X post, Sergey Nazarov, co-founder of Chainlink, says this regulatory clarity will unlock a wave of new stablecoins, not just in the US but around the world. However, with that growth comes rising expectations for transparency, security, and compliance. Stablecoin regulation in the…
In an economic climate characterized by increasing monetary expansion and escalating geopolitical uncertainty, Bitcoin continues to gain momentum as a key financial asset. Recent developments highlight a structural shift toward digital assets, especially among institutional and corporate players. On June 7th, James Wynn, a prominent whale trader in the crypto space shared an update that China has injected $139 billion worth of liquidity into its economy, which is a long planned move by the country. This event aligns with a broader global trend of central banks printing fiat money at unprecedented levels. Against this backdrop, Bitcoin is emerging as a…
Decentralized finance (DeFi) protocol Aave has bought back a total of 50,000 AAVE tokens over the past two months. The buybacks are part of the protocol’s $1 million weekly buyback plan. Aave Recovers 50,000 AAVE in Two Months: Treasury in Profit, Program Continues The protocol has spent $10 million in the process so far. With an average purchase price of $199.74, AAVE tokens are worth about $13 million based on the current market price of $264, representing an unrealized profit of about $3 million. Buyback Program Continues The buyback program, managed by the Aave community, is planned to continue at…
Polymarket broke back above $1B after setting up a four-month growth streak. The prediction platform remains a leader, finding new markets for its post-election recovery. The Polymarket prediction platform is on a four-month expansion streak. In May, volumes on the platform once again crossed the $1B threshold for the first time since January. It remains a staple in the crypto space, with organic growth despite the lack of an airdrop. Polymarket expanded its volumes in a gradual trend for the past four months. | Source: Dune Analytics Compared to one of its competitors, Kalshi, Polygon is on an expansion arc.…
TL;DR The Arbitrum Foundation has officially launched Trailblazer 2.0, a one-million-dollar grant program aimed at supporting smart DeFi projects built using Vibekit. Each proposal can receive up to $10,000 if it demonstrates real-world utility. Priority will be given to tools that bring value to the ecosystem, such as templates for complex strategies, mini-applications for Farcaster, and analytics systems for automated agents. The Arbitrum network is taking a major step toward the future of decentralized finance with the rollout of Trailblazer 2.0, an ambitious funding initiative designed to accelerate the development of intelligent agents within the DeFi ecosystem. Backed by a…
Officials in Poland have agreed to hand over the former chief executive of Wex, once Russia’s largest cryptocurrency exchange, to the United States. The Russian national was arrested in Warsaw at the end of 2024 at a U.S. request issued within a criminal case over alleged fraud and money laundering. Former Wex exchange chief to face charges in the U.S. Polish authorities have approved the extradition of Dmitry Vasiliev, former director of the now defunct Russian digital asset exchange Wex, to the United States, Russia’s official news agency reported late on Thursday, quoting his lawyer, Alexander Surzhin. In an interview,…
Adventure Layer, a Layer-2 on Berachain, has announced a strategic partnership with In-Match3, an MMORPG Web3 game. Adventure Layer is an L2 solution developed on top of Berachain, designed to support on-chain games. It powers AI-driven tech infrastructure for Web3 gaming, specializing in security and scalability. On the other hand, In-Match3 is a network that allows users to immerse themselves in an imaginary world, create personalities, and engage in different game activities involving fights and others. The collaboration between the two companies represents a crucial move in the growth of P2E games, seeking to connect Web2 gamers with the decentralized…