Author: NBTC

Allbirds, a once-popular shoe brand, rebranded to Smartbird – an AI company – a few months ago, and the stock soared. While shares had been slowly – and then quickly – deteriorating since the brand’s IPO, on news of this pivot, they quickly shot up to over $20 overnight, an increase of over 800%. But in a situation that is darkly reminiscent of the infamous Long Blockchain Company, Smartbird’s share price has since collapsed to the exact same price it was before becoming an AI company, and the future looks bleak. What was Allbirds? Full disclosure: I own a pair…

$ENS DAO has approved and executed a governance proposal that turns the $ENS Foundation into a full-time operating body with a five-seat board, a professional staff, and control over a roughly $65 million endowment. $ENS Foundation takes over daily operations According to an official $ENS announcement, the approved structure gives the foundation the staff and legal standing needed to handle work that cannot be managed easily through on-chain votes alone. $ENS has operated for almost a decade as a naming system built on Ethereum. Its domains replace long blockchain addresses with names such as “alice.eth,” while also supporting website records,…

An address associated with the team behind the $TRUMP memecoin has deposited 2 million $TRUMP tokens, worth approximately $4.78 million, into the cryptocurrency exchange Binance, according to on-chain data from EmberCN. The transaction occurred about six hours ago, marking another significant move by the project’s insiders. Context and Recent Activity The same team-controlled address transferred 11.01 million $TRUMP, valued at $26.65 million, to an external wallet just a day earlier. These consecutive transfers indicate a pattern of large-scale token movements by the team, which could signal a variety of intentions, including liquidity provision, selling, or redistribution to partners. The $TRUMP…

Tether has tested its decentralized peer-to-peer search technology by storing the full Wikipedia archive across 100 distributed nodes, as the $USDT issuer works on a system designed to remain available without relying on centralized search infrastructure. According to Tether CEO Paolo Ardoino, the company’s P2P team is developing what he called the “Unstoppable Search Engine,” which is designed to scale across thousands of nodes while allowing data to organize itself through fault-tolerant structures. GM to the Unstoppable Search Engine.Tether P2P team is developing a peer-to-peer search engine that can scale across thousands of nodes and self-organize data in fault-tolerant structures…

Bitcoin price has retreated from nearly $67,000 after escalating U.S.-Iran hostilities pushed oil prices higher and tempered optimism created by progress on the CLARITY Act. According to data from crypto.news, Bitcoin ($BTC) price rose from an intraday low of $65,149 to $66,965 on July 21 before sellers forced the price back to about $66,440. The asset remained up 1.8% on the day, but its failure to hold $67,000 showed that traders were unwilling to chase the rally as energy and inflation risks returned. CLARITY Act progress and ETF inflows have fueled Bitcoin’s rally Bitcoin’s advance began after the White House…

In a post that attracted over 800,000 views yesterday, a pseudonymous crypto trader claimed to have bought a ‘controlling stake’ in a NASDAQ-listed pennystock for $1.8 million with a quirky plan to squeeze short-sellers through the power of memecoins. Dropping clues obviously intended to drum up interest in his bizarre investment, he announced tantalizing plans to tokenize his equity, pairing it with a memecoin, and launch a short-squeeze campaign against the ‘92.3%’ of the float that he claimed was already sold-short. There was one problem with his wild tale, however. No such company exists. A proposed Community Note on X…

Cardano founder Charles Hoskinson made statements about TRON founder Justin Sun, relations with the European Union, Monad, Midnight, and Cardano’s decentralized finance goals. Hoskinson also said he sees a low probability of the CLARITY Act, closely followed by the crypto sector in the US, becoming law. Hoskinson, stating that he has had a good relationship with Justin Sun for many years, said, “I love Justin Sun. He has been very kind to me over the years. We have a very nice and sincere relationship based on mutual respect. He has done incredible things. There is only one direction for him:…

OpenPayd has finalized its integration of MSB USA Inc., adding 43 state Money Transmitter Licenses to its regulatory footprint as the company looks to accelerate its expansion across the US and North America. Founded by OpenPayd founder Dr. Ozan Ozerk, MSB USA provides the financial infrastructure that enables businesses to move, receive and settle funds in the US and internationally. The FinCEN-registered money services business facilitates payments through regulated banking partners and networks such as ACH, FedWire and SWIFT, while also supporting hosted USD accounts and stablecoin-enabled settlement. The license portfolio gives OpenPayd greater geographical coverage across the US and…

Corn has launched a private members club for digital asset holders after closing its Bitcoin layer-2 network, as a third investment from Polychain Capital has taken its total funding to $19 million. Corn closed its Bitcoin layer 2 after deposits fell Corn said in a statement shared with crypto.news that its new club combines a stablecoin payment card with a named concierge, private events and travel services for digital asset holders. The launch follows Corn’s decision to retire the Bitcoin layer-2 network on which the company was originally built. Although the network held around $1 billion in deposits at its…

RedStone has announced plans to give holders of Centrifuge’s tokenized NYLIM U.S. high-yield bond fund same-block exits through offchain auctions lasting about 300 milliseconds. RedStone said in a Sept. 1 announcement shared with crypto.news that its Settle service is being integrated with the NYLIM Anemoy U.S. High Yield Corporate Bond Segregated Portfolio, known by the ticker HYB. Issued through Centrifuge, HYB is the first tokenized fund sub-advised by New York Life Investment Management. NYLIM manages $838 billion in assets, according to the latest figure provided by RedStone, up from the roughly $807 billion reported when the fund was introduced in…