Author: NBTC
The XRP Ledger has recorded its largest RLUSD burn since the stablecoin launched, after a single transaction incinerated 12 million units of the Ripple stablecoin. The Ripple Stablecoin Tracker, a community-driven account dedicated to tracking minting, redemption, and transfer activities involving Ripple USD (RLUSD), flagged the transaction on April 23. In an X post, it identified the incineration of 12 million RLUSD late Tuesday at the RLUSD Treasury and the minting of the exact amount less than a minute later. Here’s What Happened Data from XRPScan shows that at exactly 11:05 (UTC) yesterday, the address in question burned 12 million…
Exhausted after years of ineffective attempts to prevent non-financial (“arbitrary”) storage on Bitcoin’s blockchain, developers are asking Bitcoin Core maintainers to pull a code change into production that would remove a data size limit. Acknowledging two years of failed attempts to limit arbitrary data storage that some consider spam, Peter Todd created a pull request (PR) number 32359 that would lift arbitrary limits on datacarrier outputs via Bitcoin’s “OP_Return” operation code. If Core maintainers pull the change into production via the main repository, Bitcoin node operators like miners would be able to publish more bytes of data via OP_Return outputs.…
Unfair trading practices like MEV, slippage, and front-running have long plagued decentralized exchanges, eroding both profits and the core principles of fairness. David Wells suggests that traders can spot these problems by watching for unusually high slippage, trade executions at worse-than-expected prices, and the “sandwiching” of transactions. Watch Out for MEV, Front-Running, Traders Told For years, the promise of decentralized finance (DeFi) has been somewhat tarnished by the persistent specter of unfair trading practices. Crypto traders on decentralized exchanges (DEXes) have frequently voiced concerns about an uneven playing field, plagued by irregularities like Maximum Extractable Value (MEV), unexpected slippage, and…
Robinhood (HOOD) topped tempered analyst estimates in the first quarter of 2025, reporting adjusted earnings per share of $0.37 against forecasts for $0.33. The popular trading platform reported $927 million in total revenue, down from $1 billion in the fourth-quarter, but beating Street expectations of $920.1 million. Crypto-related revenue was $252 million, up 100% from year-ago levels. Transaction-based revenue of $583 million slipped 13% from $672 million in the fourth quarter. The company had seen explosive numbers in the fourth quarter, in part thanks to a surge in crypto trading amid euphoria stemming from U.S. President Donald Trump’s presidential win.…
SUI crypto has gone up by by nearly 32%, upholding the positive momentum from the previous trading day. SUI-based meme coins such as MIU, LOFI and BLUB have also gained popularity. According to data from crypto.news, SUI (SUI) has gone up 31.8% in the past 24 hours of trading. Throughout the past few days, the token has managed to maintain its rising streak, having gone up by 41.4% in the past seven days. SUI crypto is currently trading hands at $2.94, nearing the $3 threshold. However, it is still 45% below its all-time high of $5.35 from early January this…
Outspoken Bitcoin (BTC) advocate and chairman of Strategy (formerly MicroStrategy), Michael Saylor, has sparked fresh debate in the cryptocurrency community with his latest bold prediction. In a recent tweet, Saylor forecasted that once traditional banks and financial experts fully embrace Bitcoin, demand for the asset will skyrocket — making it “unaffordable” for many future investors. Given Strategy’s position as one of the largest corporate holders of Bitcoin, Saylor’s comments carry significant weight within the crypto industry. Under his leadership, Strategy has made Bitcoin its primary treasury reserve asset, further cementing Saylor’s role as a key promoter of Bitcoin’s value proposition.…
There was a bit of volatility in crypto on Wednesday, but most of the market continued the weeks’ trend of trading in a very tight range. Shortly after the close of the U.S. stock market, bitcoin (BTC) was changing hands at $94,700, down just 0.4% over the past 24 hours. BTC was lower by nearly 2% at one point alongside a sizable early decline in stocks. Hit harder during the early decline, altcoins also rebounded, but underperformed bitcoin The CoinDesk 20 slumped 2% in the last 24 hours, with litecoin (LTC), ripple (XRP), avalanche (AVAX) and chainlink (LINK) all dropping…
Monad joins Chainlink SCALE to integrate decentralized oracle tools and boost its Layer-1 ecosystem performance. Chainlink sees increased adoption through PayPal listings and strategic talks with U.S. regulators. Monad, a Layer-1 blockchain built for high performance and compatible with the Ethereum Virtual Machine (EVM), has officially joined the Chainlink SCALE program. Through the partnership, Monad will bring Chainlink’s oracle services to its testnet, including data feeds, data streams, and the CCIP cross-chain protocol. This means developers building on Monad will have access to more accurate and reliable market data, without having to rely on third parties. Chainlink on Monad mainnet…
During a recent interview with Ryan Rasmussen, head of research at Bitwise Invest, Strategy co-founder Michael Saylor stated that Bitcoin is a “paradigm shift” in response to a question about what legendary investor Warren Buffett and other prominent investors get wrong about Bitcoin. Saylor noted that a lot of people also did not recognize electricity, radioactivity, or radio waves, suggesting that Bitcoin could have the same level of impact. “If you’ve never seen it, you can’t blame someone in 1890 for not appreciating the potential of electricity,” he said. According to Saylor, conventional thinkers do not want to be “shocked”…
April 30, 2025 – Tether Investments S.A. de C.V. (“Tether”), a global technology company and strategic investor, today announced the successful acquisition of a 70% controlling stake in Adecoagro S.A. (NYSE: AGRO), a leading sustainable production company in South America. This milestone represents a major step in Tether’s broader strategy to expand beyond digital finance and into real-world infrastructure—including energy, agriculture, data, and communications. Tether’s engagement with Adecoagro began in September 2024 with a $100 million investment for a 9.8% stake, signaling its intent to support and scale sustainable real-world asset (RWA) production. The move was part of Tether’s growing…