Author: NBTC

A California federal judge has thrown out a class action lawsuit against Caitlyn Jenner and her business partner, Sophia Hutchins, saying the British investor who sued can’t use American courts to recover his losses. The lawsuit “alleges no facts regarding where or how Jenner provided this liquidity,” U.S. District Judge Stanley Blumenfeld, Jr. wrote. The judge said that without showing how the token purchases were done in the U.S., the court could not “reasonably infer” that Jenner “incurred irrevocable liability” under U.S. securities laws. A copy of the order granting the motion to dismiss, filed last Thursday, was obtained and…

Robinhood Markets (HOOD), the California-based financial services company, said Tuesday it agreed to buy Canadian crypto firm WonderFi (WNDR) for $178.98 million. The all-cash acquisition values WonderFi at 36 Canadian cents per share, a 41% premium over its closing price prior to the announcement. “WonderFi has built a formidable family of brands serving beginner and advanced crypto users alike, making them an ideal partner to accelerate Robinhood’s mission in Canada,” said Johann Kerbrat, SVP and GM of Robinhood Crypto, in the official announcement. Robinhood, a popular commission-free brokerage platform, has been looking to expand its international footprint for some time…

Dantewada digitizes 700,000 land records on Avalanche for instant, tamper-proof access. Title search times cut from days to seconds; staffing costs reduced by 40% in phase one. Blockchain integration boosts access for marginalized groups and enables fast land services. The Dantewada district in India’s Chhattisgarh state has digitized its entire land record system using blockchain infrastructure. The project, completed with the technical support of Zupple Labs and deployed on Avalanche’s Evergreen subnet, secures more than 700,000 legacy documents. The move aims to make land records tamper-proof, transparent, and instantly verifiable, eliminating delays that historically led to inefficiencies and disputes. Previously,…

On Monday, the United States and China agreed to a 90-day tariff relief deal. The announcement triggered renewed optimism across global financial markets, with crypto markets also benefiting from the sentiment shift. However, this translated to just $5 million in net inflows into the Bitcoin ETF market, its lowest single-day total inflow since April 14. Profit-Taking Slows Bitcoin ETF Demand As trading activity rocketed on Monday, BTC soared to an intraday high of $105,819. However, profit-taking soon followed, causing the leading coin to shed some of its gains and close at $102,729. The dip below the psychologically significant $105,000 threshold…

Ethereum rallied nearly 40% last week, climbing from around $1,800 to $2,500, as risk appetite returned to digital assets amid easing trade tensions and a major network upgrade. The rally has drawn renewed interest in Ethereum, though analysts say further gains may depend on stronger fundamentals. U.S. President Donald Trump’s announcement of constructive talks with China, alongside a limited trade agreement with the U.K., helped drive macro optimism, lifting traditional equities on Monday. The Dow, S&P 500, and Nasdaq posted their largest one-day gains in months, led by strength in tech and industrial stocks. Digital assets, however, failed to sustain…

Mohamed El-Erian, Allianz chief economic advisor and president of Queens’ College, Cambridge University, said on CNBC’s “Squawk Box” that investors should expect fewer and later rate cuts from the Fed this year. According to El-Erian, although markets may see some relief in the short term in light of global economic uncertainties and geopolitical developments, the road is not smooth and will be quite bumpy. El-Erian, who pointed out that economic activity will increase in the next 90 days thanks to the trade truce between the US and China, stated that this situation may be temporary and many uncertainties still continue.…

With the majority of Shiba Inu (SHIB) holders currently in losses, the popular meme coin is facing challenging times. The latest IntoTheBlock data shows that 59% of token holders are “out of the money.” This means they are holding the tokens at a price higher than its current market value. The data also shows that only 4% of them are at break-even, while 37% are in profit. This indicates a tough period for Shiba Inu, given that the token recorded massive gains in 2021. Trading activity and community engagement decline At the time of writing, SHIB price is $0.000013, down…

Worldcoin must delete all user data and cease collecting biometric data from Kenyans, the country’s High Court has ruled in the latest blow to Sam Altman’s controversial project. Lady Justice Aburili Roselyne ruled that the Worldcoin Foundation and its agents must cease “from further processing, collecting or dealing in biometric data.” They must also not obtain consent from their users through inducement or luring them with digital tokens. The ruling is the culmination of a two-year legal battle that pitted Worldcoin—now known as World—against two local advocacy groups: Katiba Institute and ICJ Kenya. The latter is the Kenyan chapter of…

GFO-X has debuted its Financial Conduct Authority (FCA)-regulated crypto derivatives platform, the U.K’s first such trading venue for digital assets. The new platform executed its first trade on Tuesday between financial institutions Virtu Financial and IMC, and was cleared by DigitalAssetClear, GFO-X announced on Tuesday. DigitalAssetClear, created by London Stock Exchange Group (LSEG) subsidiary LCH, is a service for cash-settled bitcoin index futures and options contracts. GFO-X is also supported by major banks ABN AMRO, Nomura and Standard Chartered, who are providing clearing for transactions on the platform. The U.K.’s FCA lifted its ban from 2020 on crypto derivatives instruments…

SFT Protocol, a Web3 infrastructure protocol, has announced its strategic collaboration with Glacier Labs, a next-gen DePIN-powered modular L2 data network for Web3 and GenAI. This partnership aims to speed up the development of a robust, AI-powered Web3 ecosystem by bridging physical infrastructure with intelligent data networks. SFT Protocol has released this information through its official X Account. 🚀We’re excited to announce our partnership with @Glacier_Labs — a next-gen DePIN-powered modular L2 data network for Web3 and GenAI! 📡Glacier is pioneering decentralized data infrastructure, empowering large-scale dApps to build seamlessly on decentralized databases using… pic.twitter.com/gMPiKe8ebL — SFT Protocol (@SFTProtocol) May…