Author: NBTC

The decentralized applications (DApps) built on Solana are already beating all others in terms of weekly revenue on the blockchain. The data indicate that Solana is among the top DApps in terms of millions of dollars per week. This increase in revenue underlines the fact that Solana is gradually gaining a leadership position in the decentralized finance (DeFi) industry. As the most popular DApp on Solana, Pump.fun generates more than 10.45 million in weekly revenue. Next comes Axiom with over 8.64 million, and then there is Phantom Wallet with 3.58 million. These figures indicate that the Solana ecosystem is thriving.…

Bitcoin (BTC) climbed towards $107K over the weekend, trading around $106,332 despite U.S. domestic unrest. President Trump deployed 2,000 National Guard troops to Los Angeles amid an immigration-related standoff. BTC showed strong support at $105,400 and broke resistance around $106,100 with strong volume. Bitcoin (BTC) continued its steady ascent over the weekend, trading above $105,623.12 and pushing towards the $107,000 mark, even as domestic tensions escalated in the United States, notably in Los Angeles. The cryptocurrency market appeared largely unfazed by the unsettling headlines, showcasing a degree of resilience that underscores its growing perception as a hedge against uncertainty. The…

In a significant development for the decentralized finance (DeFi) space, KyberSwap, a prominent multi-chain DeFi aggregator and liquidity platform, has announced a notable adjustment to its service offerings. Starting July 1, the platform will remove support for the ZKsync Era network from its aggregation feature. This decision marks a strategic move aimed at optimizing the platform’s performance and better aligning with current user needs and market dynamics. For anyone navigating the complexities of multi-chain DeFi, understanding these platform changes is crucial. What’s Happening with KyberSwap and ZKsync Era? The core of the announcement is straightforward: Kyber Network is ceasing the…

In the fast-paced world of cryptocurrency, every significant movement of digital assets can capture attention. Recently, a notable blockchain transaction involving the Ethereum Foundation surfaced, prompting discussions across the community. According to reports from Lookonchain on X, the Foundation transferred a sum of 1,000 ETH, valued at approximately $2.47 million at the time of the transaction, to a specific wallet address. While such transfers aren’t uncommon, the sheer volume and the entity involved make it a point of interest for those monitoring the Ethereum ecosystem and the broader crypto market. What is the Ethereum Foundation and Why Track Its Moves?…

This is a segment from The Breakdown newsletter. To read full editions, subscribe. “A chain is no stronger than its weakest link, and life is after all a chain.” — William James VanEck explains Strategy The investment case for bitcoin treasury companies can be confusing, so VanEck has done us a service by writing the definitive explainer on the various ways to invest in Strategy (MSTR, STRF, converts). The main vehicle, MSTR, is generally viewed as a leveraged bet on bitcoin, but VanEck details why that’s not exactly correct. Instead, MSTR is a “convexity” bet on the price of bitcoin…

Cryptocurrency analysis company Santiment has announced the crypto assets that have attracted the most attention on social media. According to the updated data released today, the projects that attracted the attention of users included Solana (SOL), Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Ripple USD (RLUSD) and XRP. Here are the most talked about cryptocurrencies on social media today and their details, according to Santiment: XRP (XRP): XRP stands out thanks to its role in cross-border payment solutions, the advantages of the XRP Ledger technology, and Ripple’s corporate partnerships. Among the notable developments is that a China-based company called Webus filed…

India’s Income Tax Department has launched a fresh crackdown on potential tax evasion and money laundering tied to virtual digital assets, including cryptocurrencies. According to government officials and local reporting, the department has identified individuals and entities engaging in crypto transactions who failed to comply with the Income Tax Act, 1961. The Central Board of Direct Taxes recently sent emails to thousands of individuals, urging them to review and update their income tax returns if crypto income was misreported or omitted. The initiative is part of CBDT’s broader NUDGE campaign, aimed at encouraging voluntary compliance. This marks the third NUDGE…

XDC Network is a business-class, permissionless, hybrid blockchain aiming to redefine trade finance and the tokenization of RWAs (real-world assets). On the other hand, Archax is an institutional-focused exchange designed for trading asset-backed tokens like security tokens, digital securities, and many more. The collaboration of these two firms represents a significant move to bridge traditional finance with the Web3 landscape, especially in the sector of RWA tokenization and compliant digital securities. XDC Network Partners with Archax to Deliver MiCA-Compliant Whitepaper, Bolstering Institutional Blockchain AdoptionThis partnership boosts our readiness for EU regulations and solidifies XDC’s institutional strategy as we lead the…

Last week, US-listed spot Bitcoin exchange-traded funds (ETFs) recorded net outflows exceeding $120 million. While the figure reflects continued investor caution, it also represents a slight improvement from the previous week’s larger outflows, signaling a tentative resurgence in bullish sentiment. BTC ETF Outflows Cool After Heavy June 5 Dump According to SosoValue, net outflows from spot BTC ETFs totaled $129 million between June 2 and June 6. The moderation in capital flight suggests that while some institutional investors remain wary, others may be growing more risk-on sentiment. Total Bitcoin Spot ETF Net Inflow. Source: SosoValue Last week, the heaviest single-day…

XRP price could see a long-term positive impact from new DeFi and staking opportunities being introduced by Flare Network and its partners, according to a new analysis of the token’s expanding utility. These fundamental developments, which introduce yield-generating capabilities to the asset for the first time, are being closely watched by analysts for their potential to drive new demand for XRP. Despite a cautious short-term market, the new infrastructure from Flare and a key partnership with the digital asset platform Uphold are set to significantly increase the use cases for XRP beyond traditional payments. Flare Network Unlocks New Yield for…