Author: NBTC

Cardano founder Charles Hoskinson is considering initiating a community class action against people defaming the crypto project. In an X post yesterday, Hoskinson asked Cardano stakeholders, particularly ADA holders, developers, and dApp builders, whether they would consider joining a class action against those defaming the crypto project. He linked any potential legal action to the upcoming release of an audit report focused on the project’s 2017 initial coin offering (ICO) redemption process. NFT Artist Accuses Hoskinson of Misappropriating ICO Funds For context, tension has escalated within the Cardano community over the past few days. It started this week after NFT…

Fundstrat’s Tom Lee says that Bitcoin (BTC) is signaling bullishness for the stock market for one key reason. In a new interview on CNBC’s Squawk Box, Lee says that Bitcoin has soared back to levels not seen since before President Trump announced tariffs on April 2nd, suggesting stocks may soon print a massive recovery as well. “Yes, I think new highs are possible this year [for the S&P 500]. One reason is that companies have proven themselves to manage through shocks, and I don’t think investors give them enough credit. That happened with COVID. Companies survived. Companies survived a bullwhip…

True Markets, a new decentralized finance (DeFi) trading platform focused on stablecoin-native execution, has launched its mobile app on Solana and closed an $11 million Series A, bringing total funding to $20 million, the company said in a press release Tuesday. The funding round was co-led by Accomplice and RRE Ventures, with participation from Reciprocal Ventures, Variant Fund, and PayPal Ventures. Seed investors Paxos Ventures and the Solana Foundation, continue to support the firm, True Markets said. Founded by Coinbase (COIN) and Circle veterans Vishal Guptaand Patrick McCreary, New York-based True Markets aims to deliver a non-custodial, mobile-first DeFi trading…

Apex Group, a financial services provider with more than $3 trillion in assets under administration, said on Tuesday it had acquired a majority stake in Tokeny, a Luxembourg-based firm that helps institutions tokenize real-world assets (RWA) on public blockchains. According to the deal, Apex expects to take full ownership of Tokeny over the next three years, after first investing in the company in late 2023, Apex said in a press release. The companies did not disclose the terms of the acquisition in the press release, and a spokesperson did not immediately return a request for comment. The acquisition comes as…

A prominent XRP community commentator says soon, XRP will have nothing holding it back, suggesting the judgment day to reveal all the truth is coming. The latest commentary comes amid what many perceive as persistent pressure suppressing XRP’s price growth. Notably, this sentiment dominated the XRP community last year, particularly as XRP remained stuck around the $0.5 price range. Several pundits insisted that the asset had been a victim of price suppression. Still, following XRP’s meteoric price rally above $2 as the year approached an end, mentions of this suppression subsided. However, as XRP again faces bearish pressure at the…

Crypto expert Ashley Prosper highlights conditions that could prompt Judge Analisa Torres to vacate her decision in the lawsuit between the SEC and Ripple. Last week, Judge Torres stunned the broader crypto community, particularly XRP holders, by denying the parties’ motion for an indicative ruling to settle the lawsuit under conditions different from the final verdict. The judge imposed a $125 million fine and a permanent injunction against Ripple following its violation of securities law. However, the parties agreed that Ripple should pay only $50 million instead of the $125 million fine while also setting aside the injunction. Following the…

Key Takeaways Bitcoin gained 13% in April despite a broader market selloff. Ethereum’s dominance in smart contract fees significantly decreased as users migrated to other networks. Bitcoin showed flashes of independence from equities in April, renewing hopes that it’s evolving into a true macro hedge. However, VanEck’s recent data tell a different story. In a monthly recap published on Monday, analysts at VanEck say that the flagship crypto asset still trades closely with traditional markets, as it quickly re-synced with major indices after a brief divergence. Bitcoin briefly showed signs of decoupling from US equities during the week ending April…

AGI Open Network (AON), a well-known platform for developing AI agents, has commenced a groundbreaking collaboration with KLK Sync Protocol, a KLK Chain-powered AI-led financial platform. The partnership aims to boost AI-driven decentralized finance (DeFi) growth by combining the capabilities of both the entities. The platform took to its official social media account to reveal this development. 🥳 We’re excited to announce our strategic partnership with @KLK_Sync🎯 KLK Sync Protocol — a decentralized financial protocol powered by AI and Proof of Collaboration .🌟 Partnership Highlights:🔹Connect AON AI Agents with KSP’s financial infrastructure🔹 Co-create AI +… pic.twitter.com/SeZlhl8WCc — AGI Open Network…

This is a segment from The Breakdown newsletter. To read full editions, subscribe. “Trust is one of the greatest economic forces on Earth.” — Charlie Munger What money will the world trust next? The Spanish dollar (a.k.a. pieces of eight, a.k.a. Spanish peso) was the first global currency. From the 16th through 19th centuries, silver coins minted by the Spanish government circulated on all six of the world’s inhabited continents, and were legal tender on five of them (parts of Europe, Africa, Asia, and both Americas). In many of those places, they were so welcome you could even cut them…

A new report by Phoenix Group and LunarCrush highlights the top cryptocurrencies using AI technology that gain the most social interest. The real-time rankings are based on the number of engaged posts and total social engagement within 24 hours for May 16, 2025. TOP #AI PROJECTS BY SOCIAL ACTIVITY$TAO $VRA $INJ $RENDER $QUBIC $FET $AIXBT $DIA $NEAR $THETA pic.twitter.com/WWvpTBCe18 — PHOENIX – Crypto News & Analytics (@pnxgrp) May 16, 2025 $TAO, $VRA, and $INJ Come on Top The analysis was based on two key dimensions. There are two categories: engaged posts that show the number of likes, retweets, and comments,…