Author: NBTC

Binance, the world’s largest cryptocurrency exchange, announced the proof-of-reserve system to regain the decreasing trust in Bitcoin exchanges after the sudden bankruptcy of FTX. In this context, Binance, which publishes reserve reports at regular intervals, has published the 31st Report (snapshot date June 1) of its reserves. According to Binance’s official website, the reserve ratio (Binance holdings divided by user assets) for major cryptocurrencies is overcollateralized. Apart from Bitcoin (BTC), the report includes USDT, Ethereum (ETH), BNB, Solana (SOL), FDUSD, ENJ, 1INCH, CRV, MASK, HFT, BUSD, BOME, FORM, Hedera (HBAR), NEAR, Pepecoin (PEPE), S, SUI, WIF and TRUMP were featured.…

The Pakistani government just announced that it allocated 2,000 megawatts of electricity to power Bitcoin (BTC) mining and artificial intelligence (AI) data centers. This campaign is designed to establish Pakistan as a major global player in Web3 infrastructure and the digital economy of the entire region. Pakistan deploys 2,000 MW of electricity for BTC mining According to the official statement of the country’s Finance Minister Muhammad Aurangzeb, Pakistan is committing 2,000 megawatts of energy for Bitcoin (BTC) proof-of-work mining and AI-specific data centers. This ambitious program is set to make Pakistan a leader in blockchain disruption for the entire Asian…

Less than a month after the first tokenized property was sold out, PRYPCO Mint, the joint initiative between the Dubai Land Department (DLD) and PRYPCO licensed by the Virtual Assets Regulatory Authority (VARA), is now offering its second tokenized property listing. The property at Kensington Waters is worth $653,000, and will go live tomorrow on June 11, 2025. The tokenized property to be listed will allow fractional property ownership on the blockchain technology. The new tokenized property is a one-bedroom apartment The new property listing features a one-bedroom apartment in Kensington Waters, Mohammed Bin Rashid City, with a total valuation…

As Bitcoin charges into all-time high territory in Q2 2025, one man and one company continue to dominate the narrative–Michael Saylor and his rebranded firm, Strategy Inc. Formerly MicroStrategy, the company is not just riding the crypto wave, it is powering it. As Wall Street races to engineer new Bitcoin-linked financial products, Saylor’s original “capital-markets hack” still reigns supreme. In an X post, CryptoQuant CEO Ki Young Ju summed it up nicely: “Saylor hacked the US capital markets and rerouted liquidity into Bitcoin.” Ki Young Ju likened Strategy Inc. to a kind of perpetual-motion engine—a Bitcoin treasury firm that simply…

The yield-bearing vault created by decentralized exchange HyperLiquid has grown from $163 million to $418 million over the past two months despite centralization concerns around the JELLY market fiasco in March, data from DefiLlama shows. The vault, which acts as an internal market maker and gives depositors a yield, was underwater by $13.5 million after a user manipulated the index price of JELLY in March. HyperLiquid minimized these losses by forcibly closing the JELLY market, settling it at $0.0095 as opposed to $0.50 that was being fed to oracles via decentralized exchanges. This led to an exodus of capital from…

TON is becoming one of the top chains for NFT activity, thanks to Telegram Collectible Gifts. Telegram’s founder, Pavel Durov, pointed out that TON retained a leading position as a venue for NFT trading. TON is the second most active chain for NFT trading after Ethereum, thanks to the growth of Telegram Collectible Gifts. Pavel Durov, Telegram’s founder, pointed out the collection increased its activity rapidly in the past 30 days. Telegram Collectible Gifts went up in price several times in the past 30 days. TON is now the #1 blockchain by daily NFT trading volume (or #2 after Ethereum…

Ethereum surged 3.8%, approaching a bullish flag breakout with targets near $3,600. Derivatives data show rising open interest and growing bullish momentum. As Bitcoin approaches $110,000 once again, Ethereum outperforms with a 3% surge, nearing a potential flag breakout. Will this rally propel Ethereum toward $3,600? Ethereum Price Analysis On the daily chart, Ethereum displays a sideways trend between two key Fibonacci levels. The 38.20% Fibonacci level near $2,400 acts as support, while the 50% level around $2,700 serves as the upper resistance. With a 3.81% price increase on Tuesday, Ethereum formed a bullish candle near the upper resistance level.…

The minutes of the meeting containing the details of the FED’s previous interest rate decision have been published. The FED had decided to leave interest rates unchanged at the meeting in question. Here are all the details from the published minutes: Participants agreed that uncertainty about the economic outlook has increased and that a cautious monetary policy approach is appropriate. Participants agreed that they were fully prepared to wait for greater clarity on the economic outlook. In discussions of policy strategy, officials emphasized the importance of inflation expectations. Participants said they may face “difficult trade-offs” if inflation persists and the…

Labubu dolls are so popular that Pop Mart stores have stopped selling them, sending the memecoin soaring. An unofficial memecoin on Solana dedicated to the Labubu toy line has soared 5,934% in the last two weeks to a market cap of $49.16 million. The toys have become so popular that stores have had to pull them from shelves to prevent shoppers from fighting over the collectibles. Labubu Memecoin (LABUBU) was created via Pump.fun in October 2024, initially jumping to a market cap of $10 million before falling back, then rising to $18.5 million and falling below $1 million, a mark…

LAS VEGAS, Nevada — The U.S. Senate seems to be getting close to passing its landmark stablecoin bill, the GENIUS Act — a battle its champion Cynthia Lummis (R-Wyo.) said has been incredibly hard-fought. “It has been extremely difficult,” Lummis said during a fireside chat with Coinbase’s Chief Legal Officer Paul Grewal at Bitcoin 2025 in Las Vegas on Tuesday. “I had no idea how hard this was going to be.” Last week, the Senate voted to advance the bill, easily clearing the 60-vote threshold required to kick the bill to its last discussion phase before the final vote to pass it…