Author: NBTC

The world of cryptocurrency is a fascinating, fast-paced arena where every on-chain movement can tell a story. Recently, a significant transaction caught the eye of keen observers: a substantial crypto transfer involving one of the industry’s leading custody solutions, Fireblocks. This movement, totaling 33.1 million W tokens valued at $2.34 million, wasn’t just any transaction; it was directed to a wallet strongly linked to Jump Crypto, a name synonymous with significant influence in the blockchain space. What does this mean for the interconnected world of DeFi, especially for projects like Wormhole? Let’s dive deep into the implications of this pivotal…

The Delhi High Court in India denied bail to Umesh Verma, a businessman accused of defrauding 61 people through a crypto investment scheme, with the judge issuing a stark warning that such schemes pose a threat to the nation’s financial system. The court ruled that such schemes pose a threat to India’s financial system by converting recognized money into untraceable digital assets. The Court’s Ruling: A “Flight Risk” with a History of Fraud Justice Girish Kathpalia said crypto-related offenses are not only complex but also carry severe consequences for the broader economy. Kathpalia emphasized that cryptocurrency dealings could “dissolve legitimate…

Bitcoin {BTC} galloped to a new record high above $110,000 on Thursday, liquidating around $500 million worth of derivatives positions in its wake, but some traders aren’t buying into the bullish sentiment. Trading volume jumped by 74% in the past 24 hours as traders attempted to position themselves, however the majority of these traders are opting to go short — or bet on bitcoin moving downwards. Coinalyze data shows that the long/short ratio is at its lowest point since September 2022, which was the midst of crypto winter. This trend began on April 21 as traders aggressively shorted the breakout…

Four US-dollar stablecoin issuers hold roughly $182 billion in US Treasury bills, an amount that would slot them 17th on the Treasury Department’s country-by-country league table. The amount in overnight Treasury-collateralized repos and Treasury-heavy money market funds would put the group between Norway’s $195.9 billion and Saudi Arabia’s $133.8 billion. Tether’s USDT tops the cohort. Its first-quarter attestation showed $120 billion in Treasuries, while CEO Paolo Ardoino told CNBC in late May that the firm held “more than $125 billion” and continues to expand. Circle’s May accountant’s report listed $28.7 billion in T-bills and $26.5 billion in overnight repos, for…

A CoinDesk journalist has accused the US government of “weaponising” his old group chat after Tornado Cash and Roman Storm’s defence claimed the prosecution misconstrued evidence.Danny Nelson shared a screenshot of the chat on Monday and claimed it showed a fellow reporter asking for comments on the $600 million Axie Infinity hack, and specifically how someone would cash out that sum. However, Storm’s defence argued that the government prosecution had wrongly attributed the writing of this message to Alexey Pertsev, one of the developers of Tornado Cash. Nelson agreed that the evidence has been misrepresented and said, “Reads a bit…

The Bitcoin golden cross grabs attention for a reason. It’s what happens when the 50-day moving average of Bitcoin’s price climbs above the 200-day moving average. This is a strong technical signal that bulls love to spot. Traders rely on this moment (yes, it’s a literal “cross” on the price chart) to see when momentum might shift from bearish (or sideways) to bullish. No secret why investors watch it. The golden cross has become a common signal in technical analysis because it often shows up just before a surge in price. It doesn’t guarantee profits, but it’s a tool used…

After a protracted legal battle, former Wemade CEO Jang Hyun-guk has been acquitted of market manipulation charges related to the WEMIX token, marking a pivotal moment in South Korea’s crypto regulatory landscape. The court found insufficient evidence that Jang intentionally manipulated the WEMIX token’s market price, despite allegations of misleading investors about token liquidity and sales. According to COINOTAG, the ruling underscores the challenges regulators face in proving intent in complex crypto market cases, highlighting the need for clearer guidelines. South Korean court acquits former Wemade CEO Jang Hyun-guk of WEMIX market manipulation amid ongoing regulatory scrutiny and token controversies.…

Terminus, known for bridging Web3 and real-world commerce, has announced its groundbreaking collaboration with Creator AI, an AI-based platform that creates melodies and memes. This partnership aims to enhance the use of various cryptocurrencies and make their flow seamless globally, facilitating creators to easily engage with the crypto sector for Web3 music and creativity. 👩‍🎨 Terminus aligns with Creator AI 🤝Terminus kicks off the universal journey launching partnership with Creator AI @Creator_AI1 – a luminous web3 haven for music and meme artisans. Creator AI’s AI-driven forge crafts melodies and memes, minted as NFTs on unyielding… pic.twitter.com/QzJyWXpwHQ — Terminus (@terminus_pos) July…

Bitcoin is on the verge of confirming a powerful golden cross pattern, which could set the stage for a breakout rally toward the $150,000 mark. Bitcoin (BTC) surged to a new all-time high of $111,544 on Thursday, May 22, afternoon Asian time, breaking past its previous record of $109,400 from just the day before. This new high marks a 48% jump from the April 7 low of just under $75,000, making it the second all-time high for BTC in 2025. Alongside the price surge, Bitcoin’s market cap hit $2.2 trillion, while its realized cap also reached a new peak at…

USD1, the stablecoin from Trump-affiliated World Liberty Financial, has issued its first reserve report, and in doing so, revealed that it holds no excess reserves. The report, which was reviewed by the accounting firm Crowe, provides information about USD1 as of April 30. Issued by the custodian, BitGo, the report notes that the entirety of the reserves is invested in the Fidelity Investments Money Market Government Portfolio—Institutional Class. Read more: World Liberty Financial announces USD1 without governance vote This money market account is made up of US government securities of various types, including treasuries and other agency debts. USD1 reserves…