Author: NBTC

Tokenized real-world assets could develop into a $14 trillion market by 2030 and eventually reach $55 trillion by 2035, according to BCG projections. According to that prediction, tokenization would rank among the biggest structural changes in the current financial system, affecting bonds, commodities, private credit, stocks, and other assets. Instituionalization of the field There is increasing pressure on conventional asset managers. While profit margins hardly change, assets under management are still growing globally. Institutional products became more commoditized, passive investing reduced fees, and competition grew more fierce. Distribution is turning into the primary battleground in that setting. BCG makes the…

In a matter of hours, one of the most aggressive traders in the Solana memecoin ecosystem turned a very lucrative run into a complete wipeout. Taking a huge loss Previously a top whale in ASTEROID, the address that ends with MBYiv lost everything after exiting a winning position and rotating into another high-risk token. The wallet contained 52.8 million ASTEROID tokens at its height of visibility. The position closed about five hours ago at $0.00306 after being built early with an average entry of about $0.00148. The realized profit from that trade alone was about $83,700, which more than doubled…

South Korean police opened the country’s first illegal gambling probe into domestic Polymarket users on Jun. 5, targeting residents who placed bets on the Jun. 3 local election outcomes. The Gangwon Provincial Police Agency is leading the investigation at the request of the National Police Agency, tracing cryptocurrency transaction records to identify users nationwide. Those identified face potential fines of up to 10 million won ($6,500) under Article 246 of the Criminal Act. Polymarket’s resolved 2026 Seoul mayoral election market alone showed a total volume of $52.2 million, putting activity well into the tens of billions of won across Korean…

Cryptocurrency analytics company CryptoQuant has analyzed the notable large exchange exits in the $XRP market. According to the company, while the $XRP price is facing renewed selling pressure near the $1.14 level, large investor activity is signaling the opposite. According to the “Multiple exchanges with daily outflows exceeding 1 million” chart shared by CryptoQuant, there has been a significant increase in large outflow transactions exceeding 1 million $XRP from Binance since the beginning of June. According to the data, between June 3rd and June 11th, a large daily outflow of approximately 465 million $XRP was recorded from Binance alone. CryptoQuant…

ZK blockchain project Hyli is shutting down after two years, with the team citing weak market demand for zero-knowledge technology as the decisive factor. “ZK has not gained the traction we had hoped for,” the team said in an announcement posted Wednesday on X, adding that it sees no viable path to launching the network in the current environment. The post confirmed that Hyli, which raised $3.4 million in funding, had shipped a working full-node client, completing the Autobahn BFT consensus layer and adding support for ZK smart contracts capable of sustaining real user load. Despite completing core infrastructure, the…

Strategy generated over $2 billion this past week alone through its ongoing STRC preferred stock offering. Data from Bitcoin Treasuries shows significant capital flowing into Strategy’s STRC from May 11 to May 14. Their tracking shows the company pulled in the equivalent of 2,543 $BTC on May 11, 2,982 $BTC on May 12, and 5,164 $BTC on May 13. Capital accumulation also maximized on May 14, with daily STRC ATM inflows spiking to an estimated 14,439 $BTC. This activity alone generated $1.17 billion in net proceeds and pushed daily trading volume past $1.54 billion. Recent reports indicate weekly STRC-related inflows…

The cryptocurrency market has been stagnant over the past 24 hours, with Bitcoin trading between the $62,000 and $63,000 regions during that period. Ethereum ($ETH), the second-largest cryptocurrency by market cap, is up by less than 1% and continues to trade below $1,700, as per data from various crypto trading platforms, Despite the positive fundamental news, technical indicators suggest that the bears remain in control of the market. BitMine adds nearly 127,000 $ETH to its treasury $ETH’s poor performance comes despite the Ethereum treasury company BitMine Immersion Technologies significantly expanding its Ethereum position last week. The company announced on Monday…

Acting Labor Secretary Sandlin’s push for earlier Fed cuts clashes with a cautious central bank, leaving crypto trading a “higher for longer” regime even as the political drumbeat for easing grows louder. Political pressure builds for easier Fed policy Acting Labor Secretary Sandlin’s remark, reported by Jinshi, that the Federal Reserve should “consider lowering interest rates” adds an explicit voice from the administration’s economic team to a growing chorus arguing that current policy is too tight for the labor market. While the exact wording of Sandlin’s statement has not been widely syndicated yet, it echoes recent comments from Fed officials…

AMO Coin has officially launched its Drive-to-Earn (D2E) 2.0 Android app, a groundbreaking application that connects directly with Tesla vehicles. This new app rewards users based on their driving distance, creating a novel way to earn cryptocurrency through everyday activities. According to an official Medium post, the app does not collect separate location data, addressing significant privacy concerns. How the AMO Coin D2E 2.0 App Works The AMO Coin ecosystem now integrates with Tesla’s API to track driving metrics. Users install the Android app and link it to their Tesla account. The app then monitors the vehicle’s odometer and driving…

The House Ways and Means Committee circulated seven draft bills ahead of this week’s hearing on crypto tax policy, signaling what the industry can expect. You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. Click here to sign up for future editions. The narrative The House Ways and Means Committee is the group of lawmakers tasked with writing laws governing taxes. While we’ve seen draft bills addressing taxes already, it’s this committee that’s really going to handle a hefty part of the work of drafting crypto tax legislation and shepherding it through the…