Author: NBTC

Movement Labs, the development firm of the Movement network, has officially cut ties with co-founder Rushi Manche following controversy surrounding undisclosed MOVE token deals. The announcement came via the company’s X account early Tuesday, stating that “Movement Labs has terminated Rushi Manche’s employment and all affiliations with the company effective immediately.” It has yet to name a replacement or outline next steps for governance restructuring. Movement Labs has terminated Rushi Manche. Movement will continue under different leadership.Details on leadership changes and a revamped governance structure will be coming soon. — Movement (@movementlabsxyz) May 7, 2025 The decision follows a CoinDesk…

India is tightening its grip on crypto once again, and this time, transactions from Jammu & Kashmir and nearby border areas are targeted. The government has asked exchanges to closely monitor these transactions amid concerns over money laundering and illegal funding, reported The Economic Times. This follows a recent attack in Kashmir’s Pahalgam, which has increased tensions and security concerns. Crypto tokens named “Pahalgam” and “Operation Sindoor” also appeared on platforms like Solana. India’s Financial Intelligence Unit (FIU-IND), which tracks financial crimes, has reportedly advised some Indian crypto exchanges to be on high alert for such possible activities. Private Wallet…

Blast is phasing out Safe’s front-end for multisig wallets, urging users to self-host or use BrahmaFi as it works to integrate multisig directly into its mobile platform. Layer-2 network Blast, built by the Blur founder Pacman and backed by Paradigm, has ended its service agreement with self-custody wallet provider Safe, citing third-party risk and usability concerns as it prepares to launch its own multisig solution. https://twitter.com/blast/status/1922132299291693108 The team behind the network said in an X announcement on Tuesday that it had decided “not to renew” its service agreement with Safe, adding that users who previously accessed their multisig wallets through…

Bitcoin’s solid April performance has caught attention, with Galaxy Digital saying investors are starting to rethink its role in portfolios. As markets struggled to find direction in April amid fresh tariffs and growing policy concerns, Bitcoin (BTC) quietly climbed 11%, doing better than gold, tech stocks, and even the U.S. dollar, raising new questions about its role in today’s market, analysts at Galaxy Digital wrote in a recent research report. Galaxy Digital said this may be a sign that investors are beginning to treat Bitcoin “less as a speculative vehicle and more as a strategic, long-duration allocation.” “The shift is…

PancakeSwap Infinity introduces Hooks, allowing custom logic and real-time swap fee adjustments in liquidity pools. PancakeSwap achieved record-breaking volumes and major upgrades with Infinity, including gas efficiency and multichain support. PancakeSwap doesn’t seem to want to stop being in the spotlight. After CNF previously reported the launch of PancakeSwap Infinity—an upgraded version that brings cross-chain support, flexible AMM, and massive improvements to gas efficiency—now they’ve added a new feature that’s quite head-turning: Hooks. Imagine if you could “install your own plugin” to the liquidity pool according to your personal strategy. That’s more or less the concept of the newly implemented…

The Ethereum price today is trading around $2,445, following a sharp surge earlier this week that brought ETH to a local high of $2,623. After this bullish breakout, the market is showing signs of consolidation as sellers test the newly formed support around $2,420. This level sits just above the 38.2% Fibonacci retracement ($2,424) on the weekly chart — a zone critical for sustaining upward Ethereum price action. ETH/USD price dynamics (Source: TradingView) From a weekly perspective, Ethereum remains above both the 23.6% and 38.2% retracement levels, signaling a structurally bullish recovery from its March lows near $1,385. However, a…

KAITO surged as much as 42% today, kicking off a strong rally amid rising investor interest driven by new partnerships and expanding community rewards. Kaito (KAITO) rallied to hit an intraday high of $1.17 on May 7 before cooling down a bit to around $1.13 by press time. That’s nearly a 70% gain from last month’s low. Its market cap has also exploded, sitting at over $273 million. As of May 7, morning Asian time, its daily trading volume was 340% higher than the previous day at over $317 million, indicating a major rise in trading activity. The surge followed…

The criminal trial of former SafeMoon CEO John Karony entered its second week with testimony from Henry “Hank” Wyatt, a SafeMoon staffer who handled communications until his resignation in September 2021. Wyatt, under questioning from prosecutors, testified that Karony, SafeMoon creator Kyle Nagy, and CTO Thomas “Papa” Smith jointly approved content for SafeMoon’s website in March of that year that misrepresented the nature of its tokenomics. Specifically, these included claims that new liquidity generated by the protocol was “automatically” locked in the liquidity pool. Wyatt also testified that Karony directed changes to this language later. In preserved messages, Karony sought…

Polkadot has set its stall out for gaming since day one, recognizing both the appeal of this web3 sector and its ability to showcase the versatility of the Substrate chain’s underlying tech. Thanks to its parachain architecture, Polkadot enables developers to create immersive games that blend seamless gameplay with onchain mechanics, from NFT-driven economies to community-driven lore.With the recent JAM upgrade having made Polkadot more scalable and interoperable than ever, its case as a suitable layer on which to deploy web3 games has been strengthened. But make no mistake, Polkadot has been gaming-friendly from the outset, as the following five…

Solana co-founder Anatoly Yakovenko has proposed the concept of a Meta blockchain for the company. He argues that the meta blockchain will post data on any chain, such as Ethereum, Celestia, or Solana, and use a specific rule to merge data from all the chains into a single order history. The entrepreneur noted that the blockchain would also let apps or users choose the cheapest data availability layer at any given time rather than sticking to just one. Yakovenko said that making data availability cheap makes everything else cheap, highlighting bandwidth as the key constraint. He believes it could be…