Author: NBTC
The upper house of Japan’s National Diet passed the revised Payment Services Act (PSA) on Friday, resulting in big changes ahead for enterprises dealing with crypto. The new category of “intermediary business” alleviates the need for middleman companies in Japan to register as exchanges, but the bill has other implications, some of which bring stricter rules and greater centralization. Originally submitted to the Japan Diet back in March, the amendments to the Payment Services Act passed on Friday, and are being praised as pro-crypto. Perhaps drawing the most attention is the establishment of a new category of “intermediary business,” meaning…
Tencent Holdings Ltd. is reportedly considering an expansion of its gaming assets with a potential deal for Nexon Co. The potential acquisition for $15B is currently in the private talks stage. The international tech conglomerate Tencent Holdings Ltd. is considering an acquisition of the gaming company Nexon Co. Following the news, shares of Nexon rallied by 10%, valuing the company at over $15B. Nexon Co traded at over 2,640 JPY, up over 14.4% for the year to date. Nexon Co. is still held by its largest owner, Kim Jung-ju and his family, owning 44.4% of Nexon through NXS Corp. At…
WazirX Restructuring Blocked: Singapore court rejects WazirX’s repayment plan, stalling creditor payouts after $230M hack linked to Lazarus Group. Exchange Relocates to Panama: WazirX shifts operations under new entity Zensui Corporation, risking liquidation amid mounting legal troubles. India’s once-leading crypto exchange, WazirX, is facing fresh trouble after the Singapore High Court declined to approve its restructuring plan, throwing creditor repayments into indefinite uncertainty once again. The Honourable Singapore High Court issued an order declining to approve our proposed restructuring plan. While this outcome was not what we anticipated, we respect the Court’s decision and remain fully committed to complying with…
Soneium, the Ethereum overlay blockchain linked to 78-year-old Japanese electronics giant Sony, unveiled a new incubator program, Soneium For All, to accelerate consumer and gaming applications within its 7 million-user blockchain ecosystem. As crypto continues its march into the mainstream, traditional technology companies, the Apple’s and Ubers of this world, are looking to the tech to commercialize their future operations. Sony Block Solutions Labs (SBSL), the builder of Soneium, used the Optimism OP stack, a fast and cheap layer linked to Ethereum for “bridging the gap between Web2 and Web3 audiences, especially for the creators, fans and community,” SBSL said.…
Bitcoin traded between $107,029 to $107,290 over the last hour on June 12, 2025, with a market capitalization of $2.13 trillion and a 24-hour trade volume reaching $34.26 billion. The intraday price range stretched from $107,029 to $110,269, signaling a volatile session marked by bearish undertones across short- and mid-term timeframes. Bitcoin The 1-hour chart shows a sustained intraday downtrend, with bitcoin declining sharply since June 11. Bearish momentum dominates, characterized by extended red candles and negligible relief rallies. Support sits precariously at $107,229, while resistance is evident at $108,000. Notably, the relative strength index (RSI) is neutral at 55,…
Ethereum (ETH) price has surged 8.73% in 24 hours and is now approaching the $2,800 mark for the first time since February. This surge is mostly fueled by strong institutional demand, with major players like BlackRock alone buying $500 million worth of ETH in just 10 days, and record numbers of staked Ethereum, which now sit at 34.65 million . While the price still sits about 43% below its all-time high of $4,721, a breakout above $2,800 could lead to more upside, potentially allowing the token to break the $3,000 mark. Ethereum price performance Technically, ETH broke above its 200-day…
The price of Bitcoin and Solana rose on Monday, as members of U.S. President Donald Trump’s trade team prepared to meet with Chinese officials in London, and investors eyed a series of U.S. bond auctions later this week. Bitcoin was recently changing hands around $108,000, a 1.7% increase over the past day, according to crypto data provider CoinGecko. The price of Solana rose 2.9% to $156, while altcoins like Hyperliquid popped 7% to around $38. China’s Ministry of Foreign Affairs said in a statement on Saturday that Vice Premier He Lifeng would be in the UK through Friday, holding “the…
Cudis launched its Solana token on June 4, touting it as a way of turning personal health data from wearable devices into an onchain asset. How a Solana Startup Is Incentivizing Wellness Users of Los Angeles-based Cudis can now cash in on health data from their wearable devices thanks to the launch of the company’s Cudis token (CUDIS) on Wednesday last week. The multi-billion-dollar wearables industry is slated to grow by 4.1% this year, according to market research firm International Data Corporation (IDC), with health tracking rings expected to top 2.3 million units. Cudis says it has already shipped roughly…
Congress is making moves on crypto. A new version of the CLARITY Act was recently released, setting the stage for a key markup session this week. The latest draft of the CLARITY Act, known as the Amendment in the Nature of a Substitute (ANS), was recently released. It includes some updates and changes to the original bill. FOX Business reporter Eleanor Terrett, in a recent X post, shared that this version is set to be the foundation for Tuesday’s crucial markup session in the House Financial Services Committee. 🚨NEW: The Amendment in the Nature of a Substitute (ANS) for the…
This is a segment from The Drop newsletter. To read full editions, subscribe. Eight months after its early access public launch, Off The Grid is preparing to release on Steam. The game is currently available as a free-to-play title via the Epic Games Store on PC and on latest-gen Xbox and PlayStation consoles’ respective game shops. We don’t have the exact Steam launch date yet, but Delphi Ventures Founding Partner Piers Kicks, whose firm invested in Gunzilla Games, said yesterday that the shooter is coming to Steam in a “few weeks” (so likely in the last week of June). The…