Author: NBTC

Ethereum breached the psychological $2k support for the first time since late March, falling to a low of $1,967. At press time, $ETH traded at $1,978 after a 4.43% daily decline. The drop intensified activity across the broader market. Why did Ethereum whales turn bearish? After $ETH fell to a two-month low, several whales flipped bearish and began shorting the market. According to Onchain Lens, whale “Evaded” opened a 12,600 $ETH 25x short position worth $25 million. Following the decline, the position was already up $722k. The move reflected growing bearish conviction among large holders. On top of that, the…

Digital versions of regular stocks on blockchain networks have grown to a $1.5 billion market, up 56,615.2%, as investors look for new ways to access U.S. equities. These blockchain-based equities can be traded at any time, not just during market hours, and consumers can buy minuscule fractions of shares. They also make it easier for crypto investors to buy in US stocks without having to open international brokerage accounts or go through a lot of paperwork. Token Terminal data shows that the sector was only worth $37 million a year ago. By the middle of 2025, it had risen to…

The Bitcoin DeFi protocol Alex (ALEX) has submitted a governance proposal to overhaul its token economy mechanism, introducing a buyback and burn system funded by protocol revenue. The proposal, which went live for voting on May 18, seeks to reduce the circulating supply of ALEX tokens and increase their value. Key Changes Proposed The proposal includes three core changes. First, it aims to end all ALEX community incentive payments. Second, it formally concludes the 2024 Treasury Grant Program (TGP 2024). Third, and most significantly, it introduces a token buyback and burn mechanism that will use a portion of the protocol’s…

Binance saw its exchange reserves decline by approximately $236 million last week, marking the largest outflow among major centralized exchanges that publish proof-of-reserves data, according to figures tracked by ChainCatcher. The decrease places Binance at the center of a notable divergence in capital flows across the industry, as several competitors reported significant reserve increases over the same period. Exchange Reserve Flows Show Clear Divergence The data, which tracks changes in the total value of assets held in exchange wallets, reveals a split among top-tier platforms. While Binance led the decline, Gate.io followed with a $98.43 million decrease, and Deribit’s reserves…

Vertalo, an SEC-registered transfer agent that has spent the better part of a decade building infrastructure for tokenized securities, has added Aptos to its platform. The Layer-1 blockchain now sits alongside Ethereum and Tezos as a supported chain for Vertalo’s Securities Protocol, which handles cap table management, transfer agency functions, and multi-chain tokenization for issuers and fund managers. What Vertalo actually does, and why this matters Vertalo has been tackling exactly that problem since its founding in 2017. The company achieved SEC registration as a transfer agent in November 2019, operating under File No. 084-06663. Vertalo is one of the…

Ethereum treasury firm Bit Digital (BTBT) made its first ether ($ETH) purchase since the October crypto market peak, but it’s already underwater on its acquisition as crypto prices are pulling back again. The company said it bought roughly 8,568 ether ($ETH) for $20 million on May 11, at an average price of $2,334 per token. As $ETH is currently trading near $1,980, the latest acquisition is already sitting on an unrealized loss of roughly $3 million, having gone down more than 15% over the past few weeks. CEO Sam Tabar said the “timing reflects our view that market conditions had…

Ostium, a crypto derivatives platform founded by Harvard University graduates, has entered into a partnership with Nasdaq to offer stock perpetuals based on Nasdaq data, as reported by The Block. The collaboration marks a significant step in bridging traditional financial markets with the cryptocurrency ecosystem. What the Partnership Entails Under the agreement, Ostium will use Nasdaq’s market data to power its stock perpetual contracts. These are derivative products that allow traders to speculate on the price movements of individual stocks without owning the underlying assets, using crypto-based collateral. The integration aims to bring institutional-grade data reliability to the crypto derivatives…

JPYC, the issuer of the Japanese yen-pegged stablecoin JPYC, has expanded its testing infrastructure by adding support for Kairos, the testnet of the Kaia blockchain. The move, announced by the company, allows developers to receive testnet JPYC tokens for free through the JPYC Faucet, enabling them to verify payment flows and business system integrations on the Kaia network without risking real funds. How the JPYC Faucet Works The JPYC Faucet is a testing tool designed to streamline development workflows. Developers simply connect a compatible wallet to the faucet interface and receive testnet JPYC tokens instantly. This eliminates the need for…

Cryptocurrency exchange Binance TR has launched a new campaign specifically for new members and those buying cryptocurrency for the first time. As part of the campaign, Binance TR is giving users who complete their membership and make their first cryptocurrency purchase (without a minimum limit) a Domino’s digital gift voucher worth 800 TL. Furthermore, users who have previously registered but haven’t made their first cryptocurrency purchase can also benefit from the campaign. The campaign, which will run from May 20, 2026 to June 20, 2026 at 23:59, has no limit on the number of participants, and gift vouchers will be…

YOM is working with LayerZero, one of the most trusted omnichain infrastructure providers in Web3. The partnership moves YOM’s decentralized cloud gaming network beyond a single chain, opening seamless access, assets, and experiences across more than 150 blockchains. YOM 🤝 LayerZeroWe’re proud to be working closely with @LayerZero_Core one of the most trusted omnichain infrastructure providers in Web3.Connecting 150+ blockchains and powering major assets like USDT0, $USDe, WBTC, and Stargate, LayerZero has set the standard for… pic.twitter.com/mEe7mgUzif — YOM (@YOM_Official) May 29, 2026 LayerZero already powers major assets like USDT0, $USDe, WBTC, and Stargate, and YOM joining that infrastructure is…