Author: NBTC

A class action lawsuit filed in the Southern District of New York alleges that Pump.fun and its infrastructure partners—including Solana Labs, the Solana Foundation, Jito Labs, and Jito Foundation—are operating a coordinated racketeering enterprise that resembles an unlicensed digital casino, extracting billions from users through speculative meme coin trading. Filed Wednesday by Burwick Law, the suit describes Pump.fun as a “front-facing slot machine cabinet” used to mass-produce and promote tokens with no disclosure or investor protections.  It alleges the platform allowed users to launch and trade tokens anonymously, with no identity checks, in what plaintiffs call a structurally rigged environment.…

Bitcoin (BTC) pulled back sharply from its intraday high of $119,020 on Tuesday, July 16, after news broke of a significant Israeli military strike on the Syrian capital, Damascus. The cryptocurrency, which had been trading near record territory, dipped to $118,593, as the global market absorbed the implications of heightened geopolitical risk in the Middle East. The airstrike, broadcast live on Al Jazeera, targeted the Syrian Ministry of Defense. Footage captured massive explosions near central Damascus, with reports confirming the assassination of three senior Syrian military officials. Huge explosions were seen in Damascus as Israel bombed Syria’s defence ministry during…

BlackRock, the world’s largest asset manager, has continued to double down on its Ethereum holdings, and it might not relent anytime soon, as data from on-chain analytics platform Lookonchain shows it has more than doubled its ETH positions in just 23 days. The data shows that BlackRock has acquired a massive 1,035,653 Ethereum worth over $3,760,000,000 since July 1, 2025. This has pushed the firm’s total ETH holdings to a massive 2.8 million ETH worth $10.22 billion per ETH’s current price. July: Ethereum’s institutional FOMO month? With Ethereum breaking the major $3,500 mark, all eyes have been on the second-largest…

Popular Solana token launchpad Pump.fun debuted its token on Monday, immediately entering the top 65 tokens by market cap. It followed a massive $600 million initial coin offering, or ICO, that sold out in just 12 minutes over the weekend. Still, PUMP remains below BONK in terms of market cap, a meme coin project that is butting heads with Pump.fun as it steals Solana launchpad market share. At the time of writing, Pump.fun sits at a market capitalization of $2 billion, according to CoinGecko, making it the 63rd largest cryptocurrency. To put that into perspective, that puts the project above…

President Donald Trump’s crypto task force has finished its 180-day review of digital asset policy and will release the report publicly on July 30, capping a six-month window by President Donald Trump’s newly formed digital assets task force. “America is now leading the way on digital asset policy,” Bo Hines, executive director of the Presidential Working Group on Digital Asset Markets, tweeted on Wednesday. “With the GENIUS and CLARITY Acts now law, the President’s Working Group report is expected to tie everything together, right from token classification and stablecoin oversight to market integrity, digital asset taxation, and, most importantly, enforcement…

Crypto investment firm QCP Capital announced in its analysis report that Bitcoin experienced a short-term correction after surpassing the $120,000 level and is currently finding support around $115,000. QCP Capital: Bitcoin Pulled Back After Surpassing $120,000, But Market Still Structurally Strong As summer approaches, a seasonal decrease in trading volume is observed in the cryptocurrency market. Another key point highlighted in the report is the 10% depreciation of the dollar index since the beginning of the year. This paves the way for strong performance in dollar-denominated assets, particularly Bitcoin. QCP Capital also noted that Ethereum has recently outperformed Bitcoin. This…

Ethereum outpaces Bitcoin in weekly spot trading volume for the first time in over a year, signaling rising market interest in ETH. ETF inflows, record open interest, and falling exchange reserves point to growing institutional confidence in Ethereum’s long-term outlook. Ethereum has just made a major move for the first time in over a year, as its weekly spot trading volume outpaced Bitcoin’s. Between July 14 and 20, Ethereum recorded $25.7 billion in spot trades, while Bitcoin followed slightly behind at $24.4 billion. This unexpected flip has sparked fresh speculation: is an altcoin season quietly brewing? Ethereum vs Bitcoin: Changing…

The Cardano Foundation released last week its 2024 Financial Insights Report directly on the Cardano blockchain using its newly launched tool, Reeve. This marks the first time the Foundation takes advantage of on-chain infrastructure to publish verifiable financial data. The 2024 report notes that $29.2 million was allocated across Cardano’s (ADA) three core focus areas, including adoption, operational resilience, and education, up from $19.2 million in 20223. An additional $7.1 million was allocated toward operational capacity, supporting governance, infrastructure, and legal efforts. As of year-end, the Foundation held $659.1 million in assets, mostly denominated in ADA, and generated its primary…

The long-running legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) has once again stirred debate, with many in the crypto community frustrated about how long it’s taking to wrap up. Even though experts believed the case was close to ending, recent online chatter shows that there’s still confusion, disagreement, and delays ahead. On social media platform X (formerly Twitter), users began venting their frustration. One user sharply criticized Judge Analisa Torres, who is overseeing the case, saying she continues to delay the final steps. But legal experts say it’s not that simple. Former SEC Lawyer…

Bulgaria’s 2018 sale of over 213,500 Bitcoin, now worth more than its entire public debt, sparks renewed discussion on crypto as a strategic reserve asset. The decision to liquidate these holdings reflects broader governmental challenges in managing volatile digital assets amid regulatory uncertainty and fiscal pressures. Alex Obchakevich of Obchakevich Research emphasizes Bitcoin’s volatility as a key factor complicating its use as a stable reserve, highlighting the need for diversified strategies. Bulgaria’s Bitcoin sale highlights the complexities of crypto reserves, with experts urging diversified holdings and strategic long-term approaches amid regulatory challenges. Bulgaria’s Bitcoin Sale: A Case Study in Crypto…