Author: NBTC
Trump’s WLFI partners abandoned a hacked crypto DEX, pocketing millions instead of reimbursing its victims. The Trump family’s crypto ventures are once again under scrutiny due to their associations with unsavory characters. On Monday, May 19, Reuters released a report about World Liberty Financial partners’ past mismanagement of a since-abandoned crypto exchange. Zak Folkman and Chase Herro, two key figures in WLFI, were also founders of Dough Finance, a controversial platform that enabled heavily leveraged crypto trades. The platform suffered a devastating hack in July 2024, resulting in $2.5 million in user losses. You might also like: Is Trump’s crypto…
The Supreme Court of India criticized the government for taxing crypto at 30% without establishing clear regulations, calling it inconsistent policy. Ultra-rich Indians are shifting from crypto to luxury real estate, citing lack of regulation, safety, and capital protection as key drivers. On May 20, 2025, the Supreme Court of India expressed concern over the central government’s delay in establishing a clear regulatory framework for cryptocurrencies. The court likened unregulated Bitcoin trading to a “hawala business,” an informal and often illegal method of transferring money, highlighting the potential for misuse and economic impact. The justices emphasized the necessity of monitoring…
Decentralized finance has long been synonymous with the Ethereum blockchain, but the world’s first smart contract network no longer has the market in such an iron grip. In the last few years, a new generation of faster, more performant blockchains like Solana, Radix, and Sui have emerged with competing DeFi platforms, leading to the rise of a more vibrant ecosystem. However, Ethereum’s biggest challenge in DeFi may not come from those pretenders, but a much older stalwart in the blockchain industry. That would be none other than Bitcoin, which is nurturing a still small but rapidly growing DeFi industry of…
FIFA, the governing body of international soccer, is planning to migrate its FIFA Collect NFT collectibles platform to its own Avalanche Layer-1 blockchain. FIFA Collect, which allows users to purchase and trade NFT-based soccer highlights, was previously launched on Algorand and also issued some collectibles on the Ethereum scaling network Polygon. In April, the platform said it would leave Algorand and migrate assets to a new FIFA-centric blockchain, which is now confirmed to be powered by Avalanche. “This move enhances our ability to deliver unique digital collectibles and immersive fan experiences, powered by the speed, scalability, and EVM compatibility. That…
Abraxas Capital, a $3 billion investment management firm, has allocated $837 million toward Ethereum (ETH), boosting its total portfolio value to over $950 million. This bold move reflects growing institutional confidence in ETH and has sparked speculation among analysts about the potential onset of an altcoin season. Notably, the firm’s decision to increase its holdings comes amid rising interest in Ethereum. Traders have been increasingly buying ETH, leading to a significant drop in exchange reserves to their lowest levels in nine months. Why Are Investors Buying Ethereum? Ethereum, which faced challenges in 2025 due to lackluster price performance and rising…
Circle’s USDC and Tether’s USDT are the two largest stablecoins in the world, with a combined market capitalization of over $210 billion. However, the two tokens vary significantly in size, with USDT making up approximately $150 billion of that total. From this dominant position, Tether has been able to grow to achieve truly incredible profits, reporting that it earned $13 billion in 2024. This is compared to a mere $156 million for Circle. A portion of this difference comes down to the differences in reserves for the tokens. Read more: Why is Tether 213% bigger than Circle but 8,000% more…
More than $84 million worth of crypto tokens are scheduled to be unlocked across several major projects between May 19 and 25. This upcoming surge of insider unlocks marks a pivotal moment for investors, as such events can influence both short-term market volatility and broader token liquidity. Data from Tokenomist indicates that Pyth Network ($PYTH) alone accounts for more than 90% of the total unlock value next week, with over $78 million in its tokens scheduled for release. These significant insider unlocks often reflect shifts in investor strategy or align with foundational growth plans. Consequently, market participants are closely watching…
A recent legal analysis from William & Mary Law School, the oldest existing law school in the United States, suggests XRP buyers procured a slice of Ripple’s future cash flow. The report, authored by University of Texas law professor James C. Spindler and published in May 2025, asserts that XRP buyers essentially acquired an economic interest in Ripple’s future revenue streams. However, it also suggests a legal gray area that complicates the situation. SMQKE, an independent crypto researcher, first brought the academic report to public attention in a post on X, triggering discussions within the XRP community. XRP Holders Have…
DePIN Union is excited to announce its official collaboration with Terminus to introduce crypto payments into the real world. The partnership aims to revolutionize Asia with secure, seamless, and at-scale crypto payments. This groundbreaking alliance further strives to redefine digital assets and users’ daily life interaction with them across the APAC region. 🚀 DePIN Union x Terminus Network: Bridging Crypto with Real-World CommerceWe’re thrilled to team up with @terminus_pos – a pioneering network uniting the payment ecosystem to enable seamless crypto payments via standard QR codes across APAC. Users can now pay with crypto in… https://t.co/h4x0sTxejs — DePIN Union (@DePIN_Union)…
Bitcoin (BTC) slipped below $95,000 on Monday, with traders now eyeing a possible retreat to $90,000 or lower amid growing macro uncertainty and a shift in market focus to this week’s Federal Reserve meeting. The pullback follows a strong two-week rally, during which BTC briefly pushed past $98,000, drawing in retail interest and institutional flows. However, some analysts are flagging a confluence of technical and macro risks that could further pressure prices. “We’re back at a key resistance zone that acted as support from December to February,” said FxPro’s Alex Kuptsikevich in an email to CoinDesk. “The next downside targets…