Author: NBTC

Ionet, a decentralized physical infrastructure network (DePIN) focused on providing GPU computing power for AI and machine learning, announced on its official X account that it has burned one million IO tokens in the first month since implementing its new token burn mechanism. The burn comes as the network reports cumulative revenue of $25.75 million. New Tokenomics Model Takes Effect In June, Ionet unveiled its updated tokenomics model, the Incentive Dynamic Engine (IDE). The core feature of the IDE is the permanent burning of IO tokens using a portion of the revenue generated from service usage on the network. This…

European regulators and central bankers have warned that rulemaking cannot keep pace with rapid advances in agentic artificial intelligence and have called for guardrails to protect the financial system. Bank of England deputy governor Sarah Breeden is one of several central bankers who have said that agentic AI could amplify volatility during bouts of market stress. Breeden questioned if guardrails are needed, “analogous to circuit breakers or kill switches that would limit or stop trading market-wide if faulty AI models cause market meltdown,” she said at the European Central Bank’s annual meeting in Sintra, Portugal, on Tuesday. US companies are…

Compared to the tumultuous price action of early June, Bitcoin [$BTC] has faced less volatility and liquidations at the start of July. However, this does not necessarily mean it is a month for recovery. There is no getting around the fact that Bitcoin demand has dramatically dropped. The spot ETF flows have been positive for the past three trading days, from July 2, but have been overwhelmingly negative since mid-May, with just three days of net inflows. Evidence continues to point toward a lack of Bitcoin buyer conviction Calculated as the difference between new issuance and the supply of Bitcoin…

In a significant move, J.P. Morgan has tokenized approximately $800 million in assets on Ethereum across two funds. This action, highlighted in a widely shared post, underscores the increasing use of blockchain technology in traditional finance, particularly by large institutions. You can view the original announcement here. The Latest The announcement of J.P. Morgan’s tokenization comes amid mixed signals in the broader cryptocurrency market, where many assets are experiencing varied momentum. The use of Ethereum for this tokenization illustrates the platform’s robust infrastructure and appeal to institutional players. With Ethereum being a leading platform for decentralized applications and tokenization, this…

The AI trade, which incorporates semiconductors and memory stocks, is showing signs of fatigue as investors reassess whether the extraordinary spending boom on chips and data centers can be sustained. Semiconductor and memory stocks such as Micron Technology (MU) and Sandisk (SNDK) came under heavy pressure on Tuesday, after Samsung Electronics (005930) reported record second-quarter earnings but missed revenue estimates.Shares still fell nearly 7%, extending a broader selloff across AI-linked chipmakers. Concerns are growing that hyperscalers could slow AI infrastructure spending. Meanwhile, rival SK Hynix is down 25% from its all-time high ahead of its U.S. listing this week, a…

A strange statistical glitch has been recorded with the Shiba Inu ($SHIB) coin. In just one day, the number of on-chain transactions collapsed by 95% — from a peak of 78,558 transfers to a modest 3,922, according to CryptoQuant. This powerful spike on July 6 became the largest for $SHIB since last October. However, the speed with which the metrics returned to normal turned the situation into a real on-chain detective story. Usually, such jumps happen when a major crypto exchange is cleaning up its wallets and massively moving client funds into secure cold storage. But this time, that logic…

The CLARITY Act wasn’t signed into law by July 4 as White House adviser Patrick Witt had hoped earlier this year. Still, the bill isn’t off the table. However, people closely following the negotiations say there’s still a realistic chance it could become law before Congress breaks for the summer. The next major date to watch is August 7, the Senate’s final working day before lawmakers leave Washington and fully shift their focus to the midterm election campaign. Senate Talks Continue Behind Closed Doors Even though Congress isn’t spending much time in session this summer, negotiations are still moving forward.…

Coinbase has officially added GRVT, the native token of a decentralized derivatives exchange, to its listing roadmap. The announcement, made on January 10, 2025, signals that the token is under review for potential trading support on the platform, though a final listing date has not been set. What GRVT Brings to the Table GRVT is the token powering a hybrid derivatives exchange that combines the speed and liquidity of centralized platforms with the self-custody and transparency of decentralized finance. The project has attracted attention for its focus on institutional-grade trading infrastructure, including low-latency order matching and compliance-friendly features. Inclusion on…

U.S. spot Bitcoin exchange-traded funds recorded a total net outflow of $84.9 million on Monday, July 8, breaking a three-day streak of net inflows, according to data from investment research firm Farside Investors. The reversal signals shifting investor sentiment amid ongoing market volatility. Fund-Level Breakdown The outflows were concentrated across major issuers. BlackRock’s iShares Bitcoin Trust (IBIT) saw net outflows of $59.1 million, while Fidelity’s Wise Origin Bitcoin Fund (FBTC) reported $14.9 million in net outflows. Grayscale’s Bitcoin Trust (GBTC) experienced the largest single-day exit at $63.7 million. In contrast, Grayscale’s Bitcoin Mini Trust recorded net inflows of $52.8 million,…

In recent hours, global investment manager BlackRock executed an Ethereum transfer that was reported by onchain data tracker Onchain Lens. According to Onchain Lens, BlackRock transferred 8,700 $ETH, worth nearly $15.81 million, to Coinbase Prime. It will not be the first time BlackRock has moved Ethereum and, likewise, Bitcoin to Coinbase Prime; on July 9, BlackRock moved 951.5 $BTC worth $59 million to Coinbase Prime and the IBIT ETF withdrew 883.6 $BTC (worth $54.8 million) from Coinbase Prime on July 8, but this particular $ETH transaction comes with further details. BlackRock moved 8.7K $ETH worth $15.81M from its ETF wallets…