Author: NBTC

XSY.fi, a decentralized finance (DeFi) capital management platform, has launched the beta version of its digital synthetic dollar Unity (UTY) on Avalanche (AVAX), as per the reports shared with Finbold on Thursday, May 15. The launch highlights the ever-growing institutional interest in DeFi solutions and comes just as XSY is closing a $5 million pre-series A funding round led by Protagonist and Borderless Capital and backed by investors including Paper Ventures, Chainview Capital, Blizzard the Avalanche Fund, and Sonic Boom Ventures. What is XSY’s Unity? A next-gen synthetic dollar, Unity is designed to promote liquidity and capital efficiency in blockchain…

U.S. stocks closed mixed Thursday, with the S&P 500 rising 0.4% to log a fourth straight day of gains, while the Dow Jones Industrial Average climbed more than 250 points. The Nasdaq Composite dipped 0.2%, breaking its six-day winning streak. Markets were buoyed by signs of easing trade tensions after the U.S. and China agreed to temporarily lower tariffs, providing relief to investors concerned about inflation and global growth. The 10-year Treasury yield fell to 4.44% following a surprise drop in April’s Producer Price Index, which declined 0.5% month-over-month. Retail sales in April rose just 0.1%, in line with expectations…

The cryptocurrency market continued its rally led by Bitcoin, with the majority of altcoins excluded, with the world’s largest cryptocurrency trading near the $100,000 mark. On the other hand, a significant portion of altcoins continued to lose blood this week. Interestingly, Ethereum is preparing to close the week in the green zone. However, there will be token unlocks in many altcoins this week. Here is the token unlock calendar that we have prepared specially for you as Bitcoinsistemi.com. (All times are stated as UTC+3 Türkiye time) XION (XION) Market Value: $23.20 billion Token Amount to be Unlocked: $1.53 million (6.59%…

U.S. Senators Cynthia Lummis and Bernie Moreno have advised the Treasury to provide necessary clarity on the “unfair tax burden” on crypto companies in the country. The two senators wrote a joint letter to Treasury Secretary Scott Bessart, with Senator Lummis sharing a copy on X. Our edge in digital finance is at risk if U.S. companies are taxed more than foreign competitors. @berniemoreno & I urged the @USTreasury to lift an unintended tax burden on U.S. digital asset companies. To lead the world in digital assets, we need a level playing field.⬇️ pic.twitter.com/V7pwAUqRc4 — Senator Cynthia Lummis (@SenLummis) May…

SFT Protocol, a prominent Web3 infrastructure entity, has recently partnered with Atleta Network, an advanced EVM-compatible blockchain platform to drive decentralized markets, asset tokenization, and sports. The partnership is a crucial step to advancing the Web3 sports ecosystem by leveraging the resilient infrastructure of both SFT Protocol and Atleta Network. The platform revealed this development on its official social media account. 🤝🏻 Partnership Announcement 🤝🏻 We’re excited to join forces with @AtletaNetwork — a modular, EVM-compatible blockchain powering the future of sports, asset tokenization, and decentralized markets ⚽️⛓️Built with Substrate & written in RUST, ATLETA brings unmatched speed (80… pic.twitter.com/Lgwyzwzmmr…

Cardano (ADA) founder Charles Hoskinson made statements that resonated in the cryptocurrency world. Claiming that technology giants are showing increasing interest in cryptocurrencies, Hoskinson said that Amazon, Apple, Google, Microsoft, Meta, Nvidia and Tesla want to integrate crypto wallets and stablecoins into their platforms to trade directly with the customer. According to Hoskinson, this vision aims to reach 3 billion customers without the need for banks or exchange systems. Hoskinson, who also made a remarkable prediction about the future of Bitcoin, said, “I predict a Bitcoin of $ 250,000, I hope I am wrong on the upside,” and argued that…

This is a segment from the Empire newsletter. To read full editions, subscribe. We touched on the lending sector a few weeks ago, but I want to plug back in. I caught up with Ledn’s Mauricio Di Bartolomeo, who told me that last quarter, Ledn did $304 million worth of bitcoin-backed loan originations. “That’s three times the originations we did at the peak of the market in 2021,” he added. And “multiples” of what Ledn saw in 2024. “The demand for borrowing dollars and keeping the bitcoin is growing [at the fastest pace since] it’s ever grown since we started…

After staging a strong rally from below $2,100 in early May, the Ethereum price today is consolidating just under the $2,700 mark. This level has acted as a psychological barrier after ETH hit a high of $2,722, triggering slight intraday rejection. The recent Ethereum price spikes have brought ETH back into a longer-term descending resistance zone, making this a critical area for trend validation heading into May 15. What’s Happening With Ethereum’s Price? ETH/USD price dynamics (Source: TradingView) The daily and weekly charts show Ethereum reclaiming bullish control after breaking out of a multi-month falling wedge pattern. On the daily…

Robinhood’s zero-fee model fundamentally altered how millions approach investing. In a recent podcast with investor Raoul Pal, Robinhood co-founder Vlad Tenev recounted how the platform, drawing inspiration from tech giants like Instagram and Uber, reimagined finance as a mobile-first experience. This approach provided users with a fast and inexpensive way to access assets. This shift helped create the “retail trader” movement that exploded during the COVID-19 era. Since its crypto launch in 2018, Robinhood has grown into a major entry point for new traders. In 2020, it saw a dramatic surge in crypto revenue. Tenev said demand skyrocketed overnight. Raoul…

It was supposed to be a slam dunk. The American crypto industry, flush with more political capital than it has ever had (and perhaps will ever have), was to get its long-awaited “regulatory clarity” on stablecoins last week. And yet the Senate failed to pass a key procedural vote on the marquee stablecoin legislation. As the bill, dubbed the GENIUS Act, languishes in legislative purgatory, should it be considered functionally dead—or might there be hope yet for its passage? It depends who you ask. Technically speaking, according to the Senate’s rules, the window to file a motion to reconsider the…