Author: NBTC

Tokenized money market funds still make up only around 5% of the stablecoin universe despite their ability to generate yield, Wall Street bank JPMorgan said in a Wednesday report. The bank said crypto market participants continue to favor stablecoins because they have become the ecosystem’s default cash instrument for trading, collateral management, settlement, cross-border payments and liquidity management across centralized exchanges (CEX) and decentralized finance (DeFi) protocols. According to the report, money market funds face a “structural regulatory disadvantage” because they are classified as securities, subjecting them to registration, disclosure, reporting and transfer restrictions that limit their ability to circulate…

Pi Core Team confirmed today that OKX is now providing Pi access to millions of users across the United States. The update marks a key moment for the project as it continues expanding beyond its early mobile-mining phase into a more active blockchain ecosystem. The announcement comes during a busy period for Pi Network, following recent infrastructure upgrades and growing public attention after the project’s appearance at Consensus 2026. OKX Integration Expands Pi’s U.S. Reach In its latest statement, the Pi Core Team said the OKX integration creates another important gateway into the Pi ecosystem for U.S.-based users. The team…

Missouri is suing the company behind cryptocurrency ATM operator CoinFlip for “knowingly facilitating fraudulent transactions and profiting from them,” in the latest move by a US state authority targeting digital currency kiosks and ATMs. In a Wednesday notice, the office of Missouri Attorney General Catherine Hanaway said the lawsuit against GPD Holdings, doing business as CoinFlip, was in response to incidents of fraud, including against the state’s “seniors and veterans.” The state began a probe in December into several crypto ATM companies, including Bitcoin Depot, which recently filed for bankruptcy. Missouri lawsuit against CoinFlip. Source: Missouri AG “The Attorney General’s…

Justin Sun moved 41.99m Spark worth $1.23m from Spark to $HTX, adding to roughly 610m $SPK in exchange-bound flows since 2025 and renewing sell-pressure and governance worries. Justin Sun has resumed large Spark ($SPK) withdrawals from Spark, moving 41.99 million tokens worth approximately $1.23 million to his $HTX exchange in another suspected sell‑side transaction, according to on-chain data flagged by pseudonymous analyst ai_9684xtpa and relayed by ChainCatcher. The latest transfer follows a roughly two‑week lull in activity, suggesting Sun is again cycling staking rewards or accumulated balances from the Spark protocol into centralized venues rather than compounding them on-chain. Since…

Bitcoin has always been about money. That was the whole point: a peer-to-peer electronic cash system, nothing more. So when people started inscribing JPEGs, text files, and even small video clips directly onto the Bitcoin blockchain in early 2023, it felt like someone had spray-painted graffiti on a cathedral. Some Bitcoiners loved it. Others were furious. But regardless of where you stand, Bitcoin Ordinals represent one of the most significant shifts in how people think about and use the oldest blockchain. Understanding what Bitcoin Ordinals actually are, how they function at a technical level, and why they’ve sparked such intense…

Ethereum liquid staking protocol Kelp DAO says its restaked Ether token has been restored with a five-week recovery effort after the protocol suffered a $293 million exploit by North Korea’s Lazarus Group on April 18. Kelp DAO posted to X on Monday that the final tranche of 20,373.7 Kelp DAO restaked ETH (rsETH) tokens was sent to the LayerZero smart contract responsible for locking, minting, burning and releasing rsETH during cross-chain transfers. “This closes the operational part of the rsETH recovery plan,” Kelp said. Several crypto protocols contributed funds to help restore rsETH’s backing under the DeFi United initiative. Source:…

Blockchain.com said it confidentially filed paperwork with the U.S. Securities and Exchange Commission (SEC) for a proposed initial public offering (IPO). The number of shares to be offered and the proposed price range have not yet been determined, according to an announcement on Thursday. A confidential filing allows companies to begin the SEC review process before publicly disclosing financial details tied to the listing. The IPO remains subject to market conditions and completion of the SEC review process. Blockchain.com is a cryptocurrency financial services company that offers a range of products tied to digital assets, including a crypto exchange, wallet…

Hyperliquid has officially overtaken Solana in fully diluted valuation (FDV) of roughly $54.57, marking one of the biggest shifts in crypto market this year. The milestone comes as Hyperliquid continues dominating decentralized perpetual futures trading while most major altcoins still struggle far below their previous highs, Hype toke is just 2% away from its ATH price. So, what’s driving Hyperliquid upwards? Let’s find out. Hyperliquid Growth Accelerates Rapidly According to Arkham data on May 21, $HYPE reached a fully diluted valuation of roughly $54.57 billion while trading near $58. That slightly pushed it ahead of Solana’s FDV, which stood around…

Prediction market provider Polymarket filed to list parlays in sports event contracts in the U.S. on Wednesday, according to a self-certification filing with the Commodity Futures Trading Commission. Polymarket filed to list “combinatorial outcome contracts” on Wednesday, describing these event contracts — the official term for prediction markets — as combining two or more underlying contracts. Moreover, all of the underlying contracts would have to settle to the specific outcome that the user sets. “Every outcome must be satisfied for the Contract to resolve to $1.00. The Contract resolves to $1.00 if and only if every leg is satisfied. If…

Cross River Bank, a U.S.-based financial institution that integrated Ripple’s payment protocol in 2014, has appeared in beta materials linked to X Money’s Visa Debit and Flex card structure. The move has drawn attention from the $XRP community because of the bank’s earlier connection to Ripple, although no public material has confirmed support for $XRP, Ripple, RLUSD, or blockchain-based settlement within X Money. Based on the information, the current X Money beta structure points to regulated banking and card infrastructure rather than confirmed crypto payment functionality. Cross River Bank Listed in X Money Beta Materials Beta images connected to X…