Author: NBTC

The Bank of England plans to introduce new proposals on banks’ exposure to crypto by 2026 to protect financial stability, a key official said Wednesday. The U.K. is looking to formulate rules that are more on the restrictive side, said David Bailey, the executive director of prudential policy at the Bank of England, in a speech at Risk Live Europe in London. Bailey suggested the country is likely to encourage banks to have a low exposure to crypto. “There are also examples where it might be more appropriate to start more towards the restrictive end of the spectrum, while evidence…

SPK Token, the native token of Spark, launched on Tuesday after much anticipation. The token secured listings on major exchanges, including Coinbase, Binance, and others. However, since the launch, it has experienced a significant drop, plunging by double digits. This decline could likely be attributed to the post-airdrop sell-off. Spark (SPK) Token’s Price Plummets Post-Launch Spark is a DeFi platform that allocates capital on-chain by borrowing from Sky’s $6.5 billion reserves of stablecoins. The platform deploys this capital across decentralized finance (DeFi), centralized finance (CeFi), and real-world assets (RWAs). The SPK token plays a central role in the protocol. It…

Bitcoin is attracting interest this month, with analysts noting that it could revisit certain key price points. Analyst Plan B considers revisiting the RSI 75 level as ideal for Bitcoin to move beyond $130,000 by June. The market relies on conquering the $130,000 price point to sustain upward momentum. Source: X Bullish Sentiment Rises Amid Heavy Short Liquidations According to the analytical platform Coinglass, the overall open interest increased by 4.94% to $75.96 billion, and the OI-weighted funding rate shifted from negative to positive at 0.0041%. The current long-to-short ratio of 1.071 is optimistic, showing that most traders have a…

There’s a quiet transformation underway in decentralized finance (DeFi). While DeFi’s previous bull market was driven by eye-watering—and dubious—yields and speculative frenzy, the current growth has been powered by the sector becoming a backend financial layer for user-facing apps and increasing institutional participation, according to a Wednesday report by analytics firm Artemis and on-chain yield platform Vaults.fyi. The total value locked (TVL) on top DeFi lending protocols—including Aave, Euler, Spark and Morpho—has surged past $50 billion and approaching $60 billion, growing 60% over the past year, the report showed. This growth has been driven by rapid institutionalization and increasingly sophisticated…

Ethereum’s price action has formed a consolidation pattern between $2,500-$2,540 with decreasing volume suggesting accumulation rather than distribution. The cryptocurrency remains trapped below the critical $2,800 resistance level that has acted as a barrier several times in recent weeks, with traders closely watching for a breakout that could trigger renewed momentum toward $3,000. Meanwhile, staking activity has reached record levels with over 35 million ETH now locked, potentially reducing circulating supply as geopolitical uncertainties continue to inject volatility across financial markets. Technical analysts note that Ethereum may be approaching a potential ‘golden cross’—a bullish signal that occurs when the 50-day…

Strategy revealed on June 2 that it will offer 2.5 million shares of its 10% Series A Perpetual Stride Preferred Stock, branded “STRD,” to acquire more Bitcoin (BTC). The STRD security carries a $100 initial liquidation preference and pays non-cumulative cash dividends at 10% a year when Strategy’s board declares them. Strategy intends to use net proceeds for general corporate activities, including Bitcoin purchases and working capital. Barclays, Morgan Stanley, Moelis & Company, and TD Securities will run the books, with The Benchmark Company, AmeriVet Securities, Bancroft Capital, BTIG, and Keefe, Bruyette & Woods acting as co-managers. Dylan LeClair, head…

Chainlink Labs joins Global Synchronizer Foundation to shape the future of institutional-grade interoperable blockchain applications. Chainlink’s tech supports UBS, MAS, and SBI in tokenizing traditional funds into blockchain-based digital assets. Chainlink has officially joined the Global Synchronizer Foundation (GSF), the organization behind the interoperability layer of the Canton Network. For those who are not familiar with it, the Canton Network can be thought of as a cross-network coordination system—a sort of ‘secret bridge’ for financial institutions looking to transact between blockchains without sacrificing privacy or regulatory compliance. Chainlink’s entry into the GSF is more than just a formality. It means…

A senior official at the U.K. Financial Conduct Authority, or FCA, warned a “global response” to crypto is crucial to prevent regulatory arbitrage. Speaking at DigiAssets 2025, Jane Moore said the British agency is keeping a close eye on developments in the U.S. Just a day earlier, the Senate passed its first major piece of crypto legislation in the form of the GENIUS Act—a framework for issuing and trading stablecoins. Moore went on to argue that a “culture of compliance” within digital asset firms would ultimately result in safer products for consumers. Lord Chris Holmes, who sits in Britain’s upper…

Crypto exchange Coinbase (COIN) is venturing further into the global payments business with the launch of Coinbase Payments, the company said in a Wednesday blog post. The service, built on Coinbase’s Ethereum layer-2 network Base, is already live with ecommerce platform Shopify and was designed to bring stablecoin payments to merchants, supporting around-the-clock USDC transactions without requiring any blockchain know-how, the blog post said. The company’s move aligns with the growing trend of stablecoins reshaping the global payments market. Payments companies such as Stripe and PayPal debut products that use blockchain tech under the hood for payments. Meanwhile, crypto native…

Bitcoin’s volatility has dropped to its lowest level in nearly a decade, a sign of a major structural shift in the market’s behavior. According to new data visualized by Ecoinometrics, Bitcoin’s 30-day realized volatility sits near the 10th percentile, meaning current market fluctuations are calmer than 90% of all weekly periods since 2015, suggesting Bitcoin is maturing into a more stable asset even as it continues its strong upward trend. This dramatic decline in volatility, which comes despite a sharp rally in May and the asset reaching new all-time highs, marks a significant change in Bitcoin’s risk profile and could…