Author: NBTC
In April 2025, Solana doubled down on improving its core infrastructure. At the same time, memecoins largely drove trading activity on its network. While the broader crypto market faced a selloff in risk assets, Solana’s focus on development and its growing ecosystem showed its aim for long-term leadership. Despite tough market conditions, memecoins accounted for 95% of non-stablecoin trading volume on Solana’s decentralized exchanges (DEXs). This highlights their role in generating on-chain revenue. Simultaneously, Solana advanced its technical plans with key upgrades. These promise faster transactions and quicker response times, setting the stage for more use by large institutions. “Memecoins…
NEW YORK, NY — New York Mayor Eric Adams is making a pitch to crypto companies returning to the U.S. or expanding their presence in the country: set up shop in New York City. “This is the Empire State,” Adams said at a press briefing at Gracie Mansion on Monday. “We should be looking forward to building empires, particularly in the crypto space.” Adams, who is running for reelection, reiterated his commitment to making New York City a crypto hub, telling reporters that he would work with tech and crypto companies, both big and small, to create a friendly environment…
Crypto degens have found a new game to gamble on, causing a Solana meme coin to surge to a market cap of nearly $20 million as a result. Noodle.gg is a crypto clone of popular free-to-play browser game Slither.io, where players control cartoonish snakes that grow larger with each enemy snake they consume. Noodle’s blockchain twist is that players pay an entry fee in Solana, and then when a player eats another player’s snake, they also get their money. If you die, then you lose everything. “This should be fun. Eat other snake = take their money,” the game’s creator…
Dubai will become one of the world’s first governments to fully enable crypto payments for public services, following a landmark agreement signed between Dubai’s Department of Finance and Crypto.com. Announced at the Dubai FinTech Summit on May 12, the memorandum of understanding outlines plans for a secure digital payment channel that allows individuals and businesses to pay government fees using cryptocurrency wallets. These payments will be converted into Emirati dirhams and transferred to DOF accounts, marking a major step forward in the implementation of the Dubai Cashless Strategy, according to Crypto.com. You might also like: Is Mantra about to break…
What Is LayerEdge’s Merkle Tree Commitment? LayerEdge has unveiled a Merkle Tree Commitment system that uses Bitcoin’s security to batch thousands of zero-knowledge proofs (zk-proofs). Announced in an X thread on May 11, 2025, this approach aims to position Bitcoin as a universal anchor for zk-proof verification without overloading its blockchain. “LayerEdge batches thousands of zk-proofs, but only posts a single Merkle root on-chain. This commitment scheme ensures that every proof in the batch is verifiable, auditable, and anchored — without bloating Bitcoin with raw data,” the thread announced. With this in mind, a Merkle Tree is a binary tree…
SkyBridge Capital founder Anthony Scaramucci made statements about CRPT, the firm’s cryptocurrency-focused exchange-traded fund (ETF). While Scaramucci shared both the fund’s performance and his predictions about the future of cryptocurrencies, he also made remarkable evaluations about stablecoin regulations and altcoin ETFs, which are on the agenda in Washington. CRPT does not invest directly in digital assets, but in stocks of companies integrated into the crypto ecosystem. “This fund was created four years ago, at a time when there were no Bitcoin ETFs, to offer our clients an investment vehicle with a high correlation to Bitcoin,” Scaramucci said. The SkyBridge manager…
After the successful deployment last week of Pectra, Ethereum’s biggest upgrade in more than a year, the network’s core developers are already shifting focus to the next major chain upgrade: Fusaka. Pectra, the biggest code change to Ethereum since the Merge in 2022, introduced key changes aimed at making staking easier for institutions, improving wallet accessibility, and boosting transaction efficiency. Developers have already begun planning for Fusaka, the network’s next upgrade, and have thus far agreed to include an Ethereum Improvement Proposal (EIP) called “PeerDAS” that could help the network support larger “blobs” of transaction data. Blobs, introduced during the…
According to the latest developments reported by Bloomberg, Coinbase, the largest cryptocurrency exchange in the United States, is preparing to join the S&P 500. The S&P 500 (Standard & Poor’s 500) is a market-cap weighted stock index that measures the performance of the 500 largest publicly traded companies traded on the United States stock exchange. It is one of the most followed indicators for investors to track the overall health of the U.S. economy and stock market performance. In order for a company to be included in the S&P 500 index, it must meet certain strict conditions set by S&P…
The Solana Name Service (sns.sol), widely known by its former name Bonfida, is making a major change. It announced plans to launch a new token called SNS. This new token will replace the existing FIDA token. The team says this shift is designed to better match the interests of .sol domain holders with the project’s future goals. Why SNS is Replacing FIDA: Addressing Outdated Tokenomics The team behind sns.sol explained why a new token is needed. They stated that while FIDA initially served its purpose within the Serum decentralized exchange ecosystem, its design no longer supports the current vision of…
As the SEC barrels forward with its pro-crypto agenda under the second Donald Trump administration, the agency’s sole remaining Democratic commissioner has begun openly questioning whether the sector is now being actively promoted by the Commission to a disproportionate extent. During the regulator’s fourth crypto-focused roundtable since March, which today focused on moving traditional Wall Street securities onto blockchain networks, SEC Commissioner Caroline Crenshaw interrogated whether the premise of hosting traditional finance firms at the agency’s headquarters, to discuss how they should adopt blockchain technology, may constitute overstepping. In recent months, former Democratic SEC appointees have begun openly questioning the…