Author: NBTC

The Midnight Foundation has reopened the Glacier Drop redemption portal after completing a security review caused by an incident involving a subset of Cardano wallets connected to SecondFi. In a recent update, the Foundation confirmed that Glacier Drop redemptions resumed on June 9 at 17:00 UTC. This ended a temporary suspension introduced as a precautionary measure last month. Security Review Confirms Glacier Drop Platform Remains Safe The Foundation paused $NIGHT token redemptions last month after reports emerged that EMURGO’s SecondFi platform had suffered a security breach. During the attack, hackers stole 16 million ADA from 374 wallets, prompting the Foundation…

The Supreme Court on Monday let Texas enforce a law requiring app stores to verify users’ ages and obtain parental consent before minors download apps, handing the tech industry a defeat while a First Amendment challenge plays out. The order came through the court’s emergency docket. The justices offered no explanation and recorded no dissents, according to CNN. The decision does not settle the case. It leaves in place a June ruling from the 5th US Circuit Court of Appeals that had cleared Texas to begin enforcing the law during litigation. At issue is Texas Senate Bill 2420, the App…

Binance founder Changpeng Zhao disclosed in an interview with The Block that he proposed a collaboration with Elon Musk for X’s financial application, X Money, but the offer was declined. Zhao stated that Musk rejected the partnership, explaining that the app would exclusively handle fiat currency transactions. Background of the Proposed Partnership Changpeng Zhao, widely known as CZ, revealed that he reached out to Elon Musk with a proposal to integrate Binance’s cryptocurrency services into X Money, the financial platform being developed under X (formerly Twitter). The idea was to offer crypto-based payment options alongside traditional fiat services, potentially expanding…

Figure Technology Solutions (FIGR), the blockchain-native marketplace for tokenized loans, began a $600mn private offering of senior notes due 2031 on 6 Jul, converting a bridge loan into permanent debt to bankroll its move deeper into real-estate lending. Its shares fell despite a forecast-beating quarter, closing at $31.05 on 7 Jul, roughly 9% below the highs held just before the announcement, as investors weighed the new debt. In premarket trading on 8 Jul at 13:00UTC, FIGR shares were trading at $31.00. The move captures a bet at the core of Figure’s strategy: that a blockchain-native firm can grow by absorbing…

Former Ripple Chief Technology Officer and current CTO Emeritus David Schwartz sarcastically commented on the company’s new sponsorship deal with the University of Kansas athletics department and the Kansas Jayhawks. Ripple CEO Brad Garlinghouse previously announced that the $XRP logo would appear on the teams’ uniforms, marking the first such integration in the history of US college sports. What an amazing coincidence! — David ‘JoelKatz’ Schwartz (@JoelKatz) July 9, 2026 According to sports insiders, like Ben Portnoy, the major five-year contract is valued at approximately $30 million. Schwartz’s post was an obvious inside joke as Ripple’s multimillion-dollar marketing budget predictably…

Washington’s Case Against Chinese Models The market, created earlier this month, asked whether the U.S. government would remove public access to a major Chinese AI model in 2026. It resolves “yes” if the federal government passes legislation, issues an executive order, imposes an export control, or takes any other formal action that generally cuts off U.S. public access to such a model by Dec. 31, 2026. The near one-in-four pricing captures a genuine policy tug-of-war. Momentum for restrictions is building in Washington, but traders appear skeptical that a broad ban is enforceable, since open-weight models can be freely mirrored and…

Bitcoin ATM installations growth data from coinatmradar.com shows steady expansion from 2020 through 2022, when operators added more than 2,000 machines a month at the high point. That growth curve has now reversed massively. Coinatmradar.com stats show that the network stood at 27,945 machines as of July 8, 2026, the lowest count in years. The last time the tally fell to this level was during the period spanning September and October 2021. Four states have banned crypto ATMs outright. Indiana signed HB 1116 in March 2026, becoming the first state to prohibit the machines entirely. Tennessee followed with HB 2505,…

Blockchains cannot talk to each other on their own. Bridges are the software that moves value between them, and they have leaked more money to hackers than any other kind of crypto infrastructure, billions across a handful of catastrophic breaches. Here is how bridges actually work, the different trust models behind them, and why the connective tissue of crypto is also its most dangerous single point of failure. Table of Contents Why bridges are necessary How a bridge moves an asset The trust models that decide safety Why bridges keep getting hacked The anatomy of a bridge hack How to…

CryptoQuant says Bitcoin’s 10% rebound from last week’s $57,700 low to around $63,000 remains a bear-market recovery, not a confirmed reversal. Demand has improved after 30-day total Bitcoin demand contracted by about 650,000 $BTC in early June, while Coinbase Premium recovered to -0.062. The Bull Score Index remains at 20, far below the 60 level CryptoQuant says is needed for a sustainable rally and trend reversal confirmation. Bitcoin’s latest rebound has improved the tape, but CryptoQuant says the move still looks more like a bear-market recovery than a true trend reversal. $BTC has climbed about 10% from last week’s low…

Shiba Inu burn rate saw a cooling off following July 8’s surge when over 113 million tokens were burned. July 8 saw the largest Shiba Inu burn in over six months, with 113,192,435 $SHIB burned. This was followed by a sharp drop on July 9, with just $13 worth of $SHIB burned. According to Shibburn, 2.64 million $SHIB were burned in the last 24 hours, translating to a mere $13 in monetary terms. The weekly burn rate, however, stays higher, up 312% with 154.83 million burned in the last seven days. In the last 30 days, 230.06 million $SHIB were…