Author: NBTC

Rushikesh Manche, a co-founder of crypto infrastructure startup Movement Labs, filed a lawsuit against the company on July 9 in Delaware’s Court of Chancery, two months after his termination. The case, titled Manche v. Mvmt Labs Inc., seeks a declaratory judgment under corporation law, a legal action often used to determine the rights or obligations of involved parties. Manche is represented by the law firm Ballard Spahr, with attorney David J. Margules listed on the docket. The case is currently assigned to Chancellor Paul A. Fioravanti Jr. of the Delaware Court of Chancery. Manche did not respond to The Defiant’s…

KZOO (AIOT) is a decentralized blockchain platform that combines artificial intelligence and IoT (Internet of Things) for secure, independent, and responsive data exchange between linked devices. The network is part of a new trend in DePIN that combines AI and IoT (collectively known as AIOT) – a new trend that connects physical hardware with decentralized network. Today, KZOO announced the launch of its AIOT network on the BNB Chain. AIoT is leading the DePIN movement on @BNBCHAIN We’re delivering real value to users while building sustainable networks that go beyond traditional infrastructure models. 🧵 pic.twitter.com/g4OOAivyJ7 — OKZOO (@okzoo_app) July 11,…

BlackRock, the world’s largest asset manager, has added $158.6 million of Ethereum (ETH) to its reserves. The move brings its total Ethereum holdings to an estimated $4.45 billion, approximately 1.5% of all ETH in circulation. While analysts are concerned about Ethereum price lagging, the accumulation phase is anything but quiet. BlackRock Acquires $158 Million in Ethereum. This latest move comes amid a broader trend of aggressive institutional accumulation. Over the last two months, BlackRock has purchased $1.5 billion in ETH alone. “BlackRock just bought $158.6 million worth of ETH. Whales are loading up,” wrote CryptoGoos. It follows Ethereum ETF (exchange-traded…

Shares of crypto exchange Coinbase (COIN) climbed to their highest level since its April 2021 Nasdaq debut on Thursday, bringing the stock nearly full circle after plunging more than 90% during the depths of 2022’s crypto winter. COIN hit $382 Thursday before paring some of the gains and closed higher by 5.5%. The stock’s more than doubled since plunging alongside April’s tariff-induced market panic. Coinbase’s 2021 listing marked a watershed moment for the digital asset industry, but also signaled a peak in crypto. The stock rose as high as $382 before sliding over 90% amid the prolonged 2022 bear market.…

Shiba Inu (SHIB) has witnessed a significant 82% decline in burn rate less than 24 hours after the deflationary mechanism soared astronomically by over 10,000%. According to data from Shibburn, a platform that tracks burn activities, the volume of SHIB sent to dead wallets dropped significantly. Price holds firm despite dip in burn rate In the last 24 hours, only 1,556,906 SHIB tokens were incinerated by the community. This volume has been removed from circulation as part of a continued effort to stabilize the price and increase the meme coin’s value. HOURLY SHIB UPDATE$SHIB Price: $0.00001181 (1hr -0.33% ▼ |…

Democrats led by Rep Maxine Waters and Rep Stephen Lynch are set to start “Anti-Crypto Corruption Week” to block the GENIUS Act, CLARITY Act, and Anti-CBDC bill. Their concern is that the bills will pave the way for what they call Trump’s crypto corruption. Maxine Waters, the top Democrat on the House Financial Services Committee and ranking member of the subcommittee on digital assets, and Stephen Lynch have announced that the rally will begin next week. 🚨NEW: To counter the GOP’s “Crypto Week,” Reps. @RepMaxineWaters & @RepStephenLynch are launching “Anti-Crypto Corruption Week,” rallying Dems to block the GENIUS Act, CLARITY…

Ripple’s commitment to pushing the boundaries of blockchain innovation in academia just hit a new milestone, which has Ripple CEO Brad Garlinghouse excited. Ripple’s University Blockchain Research Initiative (UBRI) promotes research and innovation across fields, including finance, law, engineering and the arts. At the University of Kansas (KU), UBRI funding by Ripple has spawned an interdisciplinary collaboration that merges blockchain, community storytelling and contemporary art. In collaboration with the Spencer Museum of Art, the project explores how blockchain can empower communities to reclaim ownership over space, memory and digital expression. In an X post, Ripple CEO Brad Garlinghouse reacted to…

On May 24, 2025, bitcoin ( BTC) is coasting along at $109,273, reflecting a substantial valuation amid an active trading session. With a market capitalization of $2.17 trillion and a 24-hour trading volume of $46.66 billion, the price oscillated between an intraday low of $107,156 and a peak of $109,840. Bitcoin On the daily chart, bitcoin (BTC) is in a bullish trend, despite a recent retracement from a local high of $112,000. The support zone near $98,000–$100,000 remains critical, backed by historical demand earlier in the month. Resistance is clearly defined at $112,000, a level where significant selling pressure emerged.…

The cryptocurrency world is buzzing once again, and this time, the spotlight is on a significant move by institutional player Abraxas Capital. In a development that has captured the attention of market analysts and investors alike, the London-based investment manager recently executed a massive Ethereum withdrawal, pulling 29,741 ETH—valued at an astounding $81 million—from major crypto exchanges like Binance and Kraken. This isn’t just another transaction; it’s a powerful signal in the volatile digital asset landscape, often interpreted as a strong indication of an intention for long-term holding. What does this bold move by Abraxas Capital truly signify for the…

Good Morning, Asia. Here’s what’s making news in the markets: Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk’s Crypto Daybook Americas. While stablecoins (USDT, USDC) dominated U.S. headlines last month amid the GENIUS Act and Circle’s (CRCL) blockbuster IPO, Asia’s quieter yet strategic adoption is reshaping the region’s cross-border finance. Asian banks increasingly see stablecoins like USDT and USDC as defensive tools against deposit flight and lost transaction revenue. Behind the scenes, stablecoins are already playing an…