Author: NBTC

MicroStrategy (now Strategy), the US-based company that holds the most Bitcoin (BTC) in the world, is facing a class action lawsuit over its BTC strategy. Strategy is facing a class action lawsuit alleging violations of U.S. federal securities laws, The Block reported. Lawsuit Shock to Bitcoin Bull Strategy! New York-based law firm Pomerantz LLP filed a class action lawsuit against MicroStrategy in the Eastern District Court of Virginia. The case in question covers investors from April 2024 to April 2025. Pomerantz alleges Strategy misled investors about its Bitcoin strategy and downplayed the risks. Pomerantz argues that Straetgy violated federal securities…

According to blockchain tracker Whale Alert, a staggering transfer of 1,793,905,267,193 PEPE, valued at over $26.6 million, was spotted moving from major cryptocurrency exchange Binance to an unknown wallet. Whale Alert reported in recent hours: “1,793,905,267,193 PEPE (26,603,674 USD) transferred from Binance to unknown wallet.” 🚨 🚨 1,793,905,267,193 #PEPE (26,603,674 USD) transferred from #Binance to unknown wallethttps://t.co/uZmJOZ0FUr — Whale Alert (@whale_alert) May 12, 2025 This massive transaction has attracted interest in the crypto community, but that was not the end. Some minutes after the initial transaction, Whale Alert flagged a second massive move: 1,773,879,402,091 PEPE, worth nearly $26.64 million, were…

Ripple CEO Brad Garlinghouse’s attempt to whitewash anti-Bitcoin lobbying has been met with a mix of mockery and cold skepticism within the community behind the largest cryptocurrency. As reported by U.Today, Garlinghouse recently rebranded the infamous “Skull of Satoshi” statue as a symbol of Bitcoin’s resilience. Matthew Sigel, head of digital asset research at investment behemoth VanEck, was among those who did not hold back their criticism. “Is that your apology for Ripple funding Greenpeace’s anti-Bitcoin efforts? I’d prefer an apology to the ugly sculpture,” he quipped. The controversial installation, which is the creation of art activist Benjamin Von Wong…

A consortium of Bitcoin-native investors is acquiring DV8, a Thai-listed firm primarily engaged in retail and consumer electronics distribution, in a bid to expand the Bitcoin treasury model into Southeast Asia’s public markets. The consortium intends to acquire “at least 75%” of DV8’s registered capital through a Voluntary Tender Offer, according to a press statement shared with Decrypt. A notice of intent was published by the Stock Exchange of Thailand on Thursday. The group is led by backers of Metaplanet Inc., the Tokyo-listed firm that has adopted Bitcoin as its primary treasury asset. Consortium members include UTXO Management, Sora Ventures,…

After staying completely inactive for around three months, a major Shiba Inu (SHIB) holder has suddenly come back into action, moving over 150 billion SHIB tokens from crypto exchange Bybit into a personal wallet. The activity started a few months back but has picked up again recently, with another significant transfer taking place just 18 hours ago, according to Arkham. The wallet in question, which can be tracked on-chain, received several large amounts of SHIB from Bybit, including a transfer of over 107 billion tokens in one go. That one alone was worth about $1.68 million at the time. In…

This is a segment from The Drop newsletter. To read full editions, subscribe. Does expanding to Solana give a token “the juice?” Off The Grid developer Gunzilla Games is going to offer its GUN token on Solana in addition to Avalanche as part of its “multi-chain strategy.” A Solana token version contract address wasn’t shared in the initial announcement. It’s currently unclear whether the Solana expansion changes the existing token’s supply or distribution schedule, though it’s possible an existing portion of the token supply (whether circulating or not yet circulating) may be moved to Solana. Existing Avalanche GUN holders will…

A supply shock is on the horizon for Bitcoin, with its scarce nature and growing demand serving as a major catalyst for the impending wild rally. Lightspark CEO and co-founder David Marcus knows what’s coming for Bitcoin, the largest cryptocurrency by market cap. In a May 27 tweet, he suggested that things are going to get “so wild” from here on for the premier crypto asset. Scarcity Is Real Marcus identified a growing story of Bitcoin adoption among major financial players. The asset’s demand has gone institutional, so much so that Marcus has lost count of the number of companies…

YZi Labs is now part of a growing alliance of regulated and crypto-native players funding Digital Asset’s Canton Network, a blockchain aiming to merge Wall Street-scale operations with on-chain privacy and composability. On July 3, YZi Labs, the venture capital and incubation firm formerly known as Binance Labs, announced its participation in Digital Asset’s $135 million Series E round, which attracted Wall Street heavyweights like Goldman Sachs, Citadel Securities, and DTCC. The investment, following Digital Asset’s initial June 24 funding reveal, positions YZi Labs alongside traditional finance’s most influential institutions in backing the Canton Network, a public Layer 1 blockchain…

A famous XRP community member suggests that XRP Ledger is capable of outpacing Ethereum and Solana in the decentralized finance (DeFi) sector. In a lengthy thread on X, All Things XRP detailed why XRP could potentially win the DeFi race against Ethereum and Solana. For context, Ethereum and Solana have long been the top blockchains for decentralized finance, and many DeFi protocols have launched on both networks. Why XRP Could Outpace Ethereum and Solana in DeFi However, All Things XRP suggested that this might soon change due to both networks’ inherent problems. In particular, the community figure noted that Ethereum…

The team behind the Fortnite-like battle royale game OpenSeason has stopped production on the Ethereum-powered shooter—and instead launched a nudity-filled, crypto-infused puzzle game called Booby Bot. Inspired by Battle Nips, a cult internet game played across various forums and websites, Booby Bot asks players to guess where a woman’s nipples are hidden on a grid of 100 squares. Booby Bot evolves the concept further by using AI to generate the images, and requires players to find a tattoo while demanding a wager for each guess—with a swelling reward pot. A player’s first guess costs approximately $0.50 worth of USDC, with…