Author: NBTC

Two cryptocurrency wallets linked to venture capital firm Paradigm have collectively staked one million $HYPE tokens, according to blockchain tracking firm Onchain Lens. The staked tokens are valued at approximately $66.75 million based on current market prices. Details of the Transaction Onchain Lens reported the staking activity on social media, noting that the two wallets associated with Paradigm executed the transaction. Staking involves locking up tokens to support network operations, such as transaction validation, in exchange for rewards. The move signals a long-term commitment to the Hyperliquid ecosystem, the blockchain platform underlying the $HYPE token. Implications for Hyperliquid and Institutional…

Protecting Young Investors Tanzania’s central bank is preparing a new regulatory framework for digital assets as authorities move to strengthen oversight of a rapidly expanding market and protect investors, Bank of Tanzania Governor Emmanuel Tutuba said this week. Tutuba, who made the announcement during a visit to the Bank of Tanzania pavilion at the 50th Dar es Salaam International Trade Fair, said the institution is finalizing laws and regulations to guide the supervision of virtual assets amid rising public interest, especially among young investors. “We are currently finalizing the preparation of laws and regulations for the supervision of digital assets,…

Ethereum is holding a long-term support zone that could become the base for its next major recovery. The two charts point first toward $7,332, while a stronger multi-year cycle could eventually bring $20,000 into view. Ethereum Weekly Setup Puts $7,332 Target in Focus Ethereum is holding near a long-term support area around $1,500, where earlier recoveries began. Analyst Donald Dean says the wider structure could offer substantial upside if $ETH confirms another move from this base. $ETH weekly chart. Source: Donald Dean/X The chart shows Ethereum repeatedly recovering from a rising support line stretching back to 2022. The current reaction…

Barry Plunkett, co-CEO of Cosmos Labs, has stated that the recent real-world asset (RWA) collaboration between dYdX and Robinhood Crypto will have a limited impact on $ATOM, the native token of the Cosmos network. In a post on X, Plunkett clarified that the dYdX chain has always operated independently and, despite being built on the Cosmos stack, factors such as fees and security have not significantly influenced $ATOM. Understanding the dYdX-Robinhood Partnership The collaboration, announced by dYdX Labs, involves the launch of Arcus, a decentralized exchange for tokenized stocks and perpetual futures, with Robinhood Crypto. This move has sparked discussions…

US President Donald Trump is set to meet with several senators at the White House on Thursday to discuss progress on the crypto market structure bill. According to Politico, Senator Bernie Moreno said a group of senators will brief the president on the bill and “its path to success.” Senator Cynthia Lummis will also attend, according to a Senate Republican aide. “We’ll be talking about the entirety of the bill. I mean, obviously the president’s been very engaged in this bill,” said Moreno. “He’s the one who’s really driven the innovation that I think will pay dividends.” The meeting comes…

The Cardano ecosystem has suffered another setback after a decentralized exchange powered by Hydra announced that it is suspending operations indefinitely due to operational constraints. DeltaDeFi, the first Hydra Layer 2-powered DEX on Cardano, confirmed the decision in an operational update. The announcement has reignited concerns across the Cardano community, with many viewing it as the latest addition to a growing list of ecosystem projects that have either shut down or reduced operations in recent months. DeltaDeFi Suspends Development and Maintenance In an update shared with its community, the DeltaDeFi team revealed that it had exhausted its operational runway. This…

Bitcoin has rebounded nearly 10% from its July 1 low as weak U.S. jobs data, lower oil prices, and a weekend short squeeze pushed traders back toward risk assets. According to data from crypto.news, Bitcoin ($BTC) price traded near $62,990 on July 6 after climbing from $58,293 earlier in the week to an intraday high near $64,000. The move followed a weaker-than-expected U.S. nonfarm payrolls report, which showed only 57,000 jobs added in June against forecasts near 110,000. The miss reduced expectations for more Federal Reserve tightening and helped ease pressure on non-yielding assets. Crude oil traded below $69 per…

Ethereum continued to strengthen during the latest trading session as technical indicators pointed to positive momentum while analysts monitored whether the cryptocurrency could extend its recovery above key resistance levels. The asset traded at $1,880.58, up 4.66% over the past 24 hours, with daily trading volume reaching $14.26 billion, according to CoinMarketCap. The current trend comes as chart analysts identified developing technical patterns that could influence Ethereum’s next move. At the same time, recent inflation data has improved the backdrop for risk assets, while expectations have emerged that Ethereum exchange-traded funds could record monthly net inflows after eight consecutive months…

This week, a user unintentionally sent about 1.34 million $ANSEM tokens, or about $226,000, to the token’s contract address rather than the intended recipient, which is one of the most painful lessons in cryptocurrency. The transaction details show that the user sent 1,342,084 $ANSEM tokens, or about $226,256. The money was transferred straight to the token contract address rather than to another wallet. Rookie mistake Since contract addresses are typically not made to accept and retrieve user funds, tokens are essentially lost forever. This incident is especially frustrating because it wasn’t the result of a sophisticated scam, hack, or exploit.…

President Donald Trump said in January he had no plans to pardon Bankman-Fried. He has cleared Binance founder Changpeng Zhao and Silk Road creator Ross Ulbricht, along with other white-collar offenders. Bankman-Fried ran two companies at once. FTX was a crypto exchange, which holds customer money the way a broker does and is not supposed to touch it. Alameda Research was a trading firm he also owned, and he moved billions of dollars of FTX customer deposits to Alameda, which spent the money on trades, venture investments, political donations and Bahamas real estate, while FTX’s software gave Alameda an exemption…