Author: NBTC

This is a segment from The Breakdown newsletter. To read more editions, subscribe. PUMP token holders now find themselves in the odd position of hoping the money they just sent to Pump.fun will soon be returned to them. That’s the mood on Crypto Twitter, at least, where influential accounts keep pointing to Pump.fun’s estimated $2 billion cash pile as the bull case for PUMP (see here, here, here and here). The problem, of course, is that token holders have no claim on that cash — even though they supplied most of it. In IPOs, stock market investors send their money…

A new proposal suggests the building of Ronin L2 as an Arbitrum Orbit chain, with this coming as the Ronin team plans to migrate the gaming chain into a full-fledged, Ethereum-aligned layer 2 by 2026. Summary A proposal that seeks to build Ronin L2 on Arbitrum is live. The move comes as Ronin, launched as layer 1 blockchain by Sky Mavis, looked to return to Ethereum as a full-fledged L2 chain. RON will power the new chain’s ecosystem as a gas fees token. According to the proposal, Arbitrum (ARB) is uniquely positioned to help Ronin (RON) as the L2 looks…

Over $800,000 worth of “blue chip” NFTs are still being held in contracts of Parallel Finance, despite it pulling support for its NFT lending product after a six-month notice period. With no front end support for NFT lending, non-technical users are unable to withdraw their tokens manually, and the Parallel team is reportedly charging a $500 fee to return the assets. Yuga Labs’ 0xQuit highlighted the predicament on X, as well as posting a step-by-step guide on how to manually withdraw assets using the Etherscan block explorer. Read more: Pudgy Penguins CEO’s Instagram hacked to shill Pump Fun token Users…

Ether prices extended their recent gains on Monday, August 11, rising above $4,300 and reaching their highest value since late 2021, as the digital currency benefited from a combination of factors. Greg Magadini, director of derivatives for digital asset data provider Amberdata, spoke to this development, stating via email that “There isn’t one clear catalyst for today’s continued rally but instead a confluence of themes.” “We can see from the YTD perp funding differential between ETH and BTC, that ETH was an under positioned crypto all year as the sentiment for ETH was poor (due to foundation infighting, EIP-1559 being…

President Trump’s tariff policies are creating stagflation risks in the US economy. This threatens both traditional markets and cryptocurrency prices as the Federal Reserve faces difficult policy choices. The new US tariff order under President Donald Trump seems to be reaching its final stage. However, signs of stagflation are emerging in the American industrial sector. Economic Data Shows Warning of US Stagflation The Institute for Supply Management reported disappointing services data on Tuesday. The US Services PMI for July came in at 50.1, below expectations of 51.5. While still above the 50 expansion mark, meaning that the services sector is…

Exciting news for WOO holders! South Korean crypto exchange Bithumb recently announced a significant development: the Bithumb WOO removal from its closely monitored cautionary asset list. This pivotal decision, made by the Digital Asset eXchange Alliance (DAXA), marks a positive turning point for the WOO Network and its community. What Does a ‘Cautionary Asset’ Signify? When a cryptocurrency lands on an exchange’s cautionary asset list, it signals heightened scrutiny. Exchanges place assets on this list due to various concerns, which might include: Low liquidity: Not enough trading activity. Technical issues: Problems with the blockchain or network. Regulatory concerns: Potential compliance…

On Monday, the total crypto market capitalization (TOTAL) reached an all-time high (ATH) of $4.03 trillion, driven by significant gains in leading cryptocurrencies Bitcoin (BTC) and Ethereum (ETH), reflecting renewed optimism in the crypto space fueled by favorable regulatory developments from the US. Pro-Crypto Regulations Fuel Market Optimism Ethereum notably broke through the $4,000 barrier for the first time in almost nine months, closing the gap to its all-time high of $4,878, now just 13% away. This upward momentum has been attributed to growing interest in cryptocurrencies, bolstered by pro-crypto regulatory measures that have enhanced market sentiment. Notably, the US…

The FED has been pausing the interest rate cuts it started in September 2024 since January 2025. Fed Chairman Jerome Powell and the majority of members are keeping interest rates steady, citing ongoing uncertainty from tariffs. As interest rate cut hopes continue to intensify in September, Bank of America CEO Brian Moynihan released his forecast. Speaking to CNBC, the BofA CEO talked about interest rate cuts and the economic situation in the US. The famous CEO stated that it is unlikely that the FED will cut interest rates this year. Moynihan stated that the decline in inflation was slower than…

The cryptocurrency world is always buzzing with new developments, and one such recent event has caught the attention of many: the Binance Alpha listing of YZY. This development, confirmed via New Listings Feed’s Telegram channel, marks an important step for the YZY token. But what exactly does a listing on Binance Alpha entail, and why is it significant for a digital asset like YZY? Understanding the Binance Alpha Listing Process Binance Alpha is a dedicated platform designed to introduce promising new tokens to a wider audience. It acts as a curated space where emerging digital assets can gain visibility and…

Japanese automaker giant Toyota is exploring the financialization of car ownership, turning fleets into assets. Summary Toyota has proposed a blockchain that links all key data on cars NFTs can represent vehicle ownership, and traders can bundle them in a portfolio The concept is especially useful in EVs, robo-taxis, and fleets Toyota is actively exploring the concept of tokenizing cars. On Tuesday, August 19, Toyota Blockchain Lab released a white paper on the Mobility Orchestration Network (MON). This new blockchain would be able to track key vehicle data, potentially turning cars into tokenized assets. The proposal explains that every vehicle,…