Author: NBTC

BNB is holding steady around $668 as positive developments in its ecosystem are meeting with regulatory tension and broader market volatility. The token has gained over 11% in the past month, aided by strong decentralized finance activity and the end of the U.S. Securities and Exchange Commission’s long-running lawsuit against Binance. Binance’s crackdown on bots exploiting its Alpha Points reward system has highlighted the exchange’s controls, likely boosting investor confidence. Users were relying on automation to farm points to secure additional rewards. Alpha Points helped drive a wave of new BNB Chain activity, bringing decentralized exchange (DEX) trading volumes up…

The U.S. Securities and Exchange Commission’s new director of the trading and markets division is a crypto-native.  Wall Street’s top regulator on Friday named Jamie Selway as new chief of the SEC department.  Selway previously worked at Blockchain.com and for Skew, a crypto analytics platform owned by Coinbase, according to his LinkedIn page. He also previously worked at Goldman Sachs, where he was an associate, and at Silvertrain AI. His most recent role was at Gradient, a financial services firm that uses AI.  SEC Chairman Paul S. Atkins said in a statement that Selway “brings decades of industry experience in…

PayPal (PYPL) is bringing its PYUSD stablecoin to the Stellar blockchain network to strengthen the dollar-pegged token’s position in cross-border remittances and payment financing, the companies said on Wednesday. PYUSD, which already operates on Ethereum and Solana, will expand to Stellar to explore new areas like payment financing, or “PayFi”. This allows small and medium-sized businesses that face delayed receivables or pre-funding requirements to access new sources of real-time working capital, disbursed in PYUSD, according to a press release. That capital can be used to pay suppliers, manage inventory or address other operational needs with instant settlement on Stellar, the…

JZXN Holdings, Inc. (NASDAQ: JZXN), a China-based company that offers energy batteries and EV, has announced that its board of directors has approved a plan to raise capital through the issuance of convertible notes. The funds will be used to acquire 23.5 Bitcoins as part of the company’s previously announced “Thousand Coins Plan,” which was introduced on May 22, 2025. The purchase will be carried out by JZXN’s U.S. subsidiary and marks the company’s entry into digital asset holdings. The company confirmed that investor agreements and funding terms have been finalized. The initial Bitcoin acquisition represents the first step in…

Veteran trader James Wynn closed off his 40x Bitcoin long position today, amounting to a small loss of $70.71. Almost at the same time as his exit, Wynn started a new short position on Bitcoin. James has closed his $BTC (40x) long position and once again recorded a loss of $70.71.James has now opened a $BTC short position with 40x leverage.Right now, turning a profit is proving challenging for James. Even with a small position, he is unable to make a profit.… pic.twitter.com/GrKeWbXBOM — Onchain Lens (@OnchainLens) June 8, 2025 From Leverage Loss to Short Bet One of the reasons…

Decentralized finance (DeFi) platforms offer the promise of democratized financial services but come with significant risks. Tobias van Amstel emphasizes that both newcomers and experienced users can navigate the complexities of DeFi lending by following a disciplined approach. Understanding the Threats: Smart Contracts and Mismanagement DeFi platforms, while revolutionary in their promise of democratized financial services, are not without risk. For both newcomers and seasoned participants, the landscape of DeFi lending can feel like a treacherous sea—fraught with hidden currents and unpredictable storms. However, as Tobias van Amstel, co-founder of the innovative DeFi platform Altitude, explains, users can still navigate…

SharpLink Gaming recently acquired $462 million worth of Ethereum, becoming the asset’s largest holder among public firms, according to a company blog post published on Friday.  The Nasdaq-listed online gambling marketer, which adopted an Ethereum treasury strategy in May, said that it had purchased roughly 176,000 ETH for an average price of $2,600 per coin. The price of Ethereum was recently changing hands around $2,500, an 8.8% decrease over the past 24 hours, according to crypto data provider CoinGecko. The company’s announcement follows a Securities and Exchange Commission filing that sparked confusion on Crypto Twitter. As the public tried to…

The U.S. crypto reserves have been revealed to be 97% made up of Bitcoin, with Ethereum and stablecoins making up the remaining 3%. New data has shown that Bitcoin (BTC) makes up an overwhelming 97% of the United States’ newly centralized $20.9B cryptocurrency reserve. Ripple (XRP), Solana (SOL), and Cardano (ADA), tokens that President Trump included in his strategic crypto reserve announcement, were noticeably missing from the reserve despite the earlier hype caused by the president’s initial pronouncements. These numbers, provided by blockchain analytics firm Chainalysis, have given the public clarity as to what is inside of the U.S. government’s…

Tornado Cash co-founder Roman Storm issued one of his starkest rebukes yet of the Trump administration’s Department of Justice on Friday, arguing that if federal prosecutors prevail in the developer’s upcoming criminal trial, decentralized finance could be permanently destroyed.  “The DOJ wants to bury DeFi, saying I should’ve controlled it, added KYC, [and] never built it,” Storm wrote. “SDNY is trying to crush me, blocking every expert witness.” “If I lose, DeFi dies with me,” the crypto developer continued. “The dream of financial freedom, the code I believed in—it all fades into darkness. This isn’t just my end; it’s ours.”…

Cryptocurrency exchange Bullish has announced details for a trading competition that will take place in Q3 of this year. The total prize pool for the competition is $14 million, with $10 million going to the winner and the remaining pool being spread across first, second and regional winners. Unlike trading competitions of the past set up by the likes of Bybit and BitMEX, which targeted retail traders, the Bullish competition is aimed at professional traders, and they will be judged on an array of factors, including profit and risk metrics. These factors will be judged by industry veterans from Annamite…