Author: NBTC

In a significant on-chain event, blockchain tracking service Whale Alert reported that 439 million $USDC has been burned at the $USDC Treasury. The transaction, recorded on the Ethereum network, represents a large-scale reduction in the circulating supply of the second-largest stablecoin by market capitalization. Understanding the $USDC Burn A burn in the context of stablecoins like $USDC refers to the permanent removal of tokens from circulation. When $USDC is redeemed for fiat currency by holders or institutions, the equivalent amount of tokens is sent to the $USDC Treasury and subsequently burned. This process ensures that the circulating supply remains pegged…

The former chief risk officer of Silvergate revealed she made the decision to settle with the US securities regulator in 2024 to avoid a “multi-year battle” in court, where she was accused of misleading investors about anti-money laundering rules and how the bank monitored crypto customers. In her first public comments about her settlement with the SEC on Wednesday, Kate Fraher claimed that no financial agency proved that Silvergate’s anti-money laundering controls had failed, and that she only opted to settle to “move forward.” Fraher had agreed to a civil penalty of $250,000 and and was banned from serving as…

Pump.fun remained Solana’s largest revenue generator in the first quarter of 2026, pulling in $124.7 million, more than a third of the network’s $342.2 million in total app revenue, despite cooling memecoin activity. The memecoin launchpad’s revenue rose 17% quarter over quarter, a sign that its core business remains resilient, Messari said in its Solana Q1 report. Launchpads generated $144 million in Q1, roughly 42% of Solana’s total app revenue. A standout within the sector was Bags, whose quarterly revenue surged 1,347% to $11.5 million, fueled by a wave of AI-themed memecoins in January. The surge proved short-lived, with monthly…

Trump Media & Technology Group completed its second largest Bitcoin transfer of 2026. According to data from the on-chain analytics platform Lookonchain, the company transferred 2,650 $BTC, worth approximately $205 million, to the CryptoCom exchange. According to the data, the company purchased a total of 11,542 $BTC at an average cost of $118,522. It was also noted that Trump Media transferred approximately 2,000 $BTC, worth about $175 million, four months ago when the Bitcoin price was at $87,378. Related News BREAKING: New FED Chair Kevin Warsh Takes Office in Swearing-In Ceremony – Donald Trump Delivers Speech Contradicting His Previous Statements…

Institutional interest in Ethereum [$ETH] was alive, AMBCrypto reported. The leading altcoin’s price decline presented an “attractive buying opportunity,” said Tom Lee, chairman of Bitmine, the largest $ETH treasury firm. The company added 71,762 $ETH to its balance sheet last week and was fast closing in on its “alchemy of 5%” target. Institutional buying spree not enough to shift Ethereum market opinion BMNR’s acquisitions were hopeful, but conviction has been skewed toward Bitcoin [$BTC] rather than Ethereum. Source: CryptoQuant This was made evident when comparing the net taker volume of the two crypto assets. The 30-day moving average of $BTC’s…

Coinbase, a cryptocurrency exchange and blockchain infrastructure provider, and Flipcash, a community-focused digital currency platform, announced the launch of $USDF, a new stablecoin built using Coinbase’s Custom Stablecoin platform. $USDF is a dollar-backed stablecoin issued on the Solana blockchain and fully backed by $USDC reserves. The project is designed to make stablecoin creation more accessible and provide businesses and communities with a simpler way to build branded digital currencies without developing blockchain infrastructure from scratch. Inside the Flipcash ecosystem, users can create fixed-supply digital currencies and use them as a form of digital cash. Each of these currencies is priced…

An address linked to prominent crypto venture capital firm Polychain Capital has unstaked 122 million $EIGEN tokens, valued at approximately $23.88 million, according to blockchain analytics platform EmberCN. The transaction, which occurred seven hours ago, represents a significant 16.5% of the total $EIGEN token supply. Details of the Unstaking Event The movement of such a large quantity of tokens from a staking contract to a liquid wallet has drawn attention from market observers. Polychain Capital is a major early investor in EigenLayer, the Ethereum-based restaking protocol that issues $EIGEN as its native token. The address in question has been consistently…

More than 52,000 South Koreans have signed a petition calling for the outright abolition of the country’s planned crypto tax, and it has been formally submitted to the National Assembly. That signature count crosses the threshold required to force parliamentary committees to actually review the demand, turning what started as grassroots frustration into a legislative event. The core complaint is straightforward: retail crypto investors believe the tax framework treats them unfairly compared to stock market participants. And when you look at the numbers, it’s hard to argue they’re wrong. The tax that won’t die (but also won’t arrive) South Korea’s…

Strive’s Bitcoin linked preferred stock SATA is emerging as a key credit market instrument while its common equity ASST gains traction in public markets, reshaping how institutions finance large Bitcoin treasuries through yield bearing securities rather than straight spot purchases. In a post on X, MicroStrategy executive chairman Michael Saylor wrote that “the most interesting story in Bitcoin ($BTC) right now is the rise of $SATA in the credit markets and the embrace of $ASST by the equity capital markets,” pointing squarely at Strive’s Bitcoin treasury strategy as a bellwether for the next stage of institutional adoption. SATA is Strive’s…

Ethereum price today: $2,130 Ethereum holds above $2,100 following President Trump’s statement that the US is in the final stages of negotiations with Iran. US sentiment in Ethereum continues to decline following a seven-day outflow streak in $ETH ETFs. Bulls are defending the $2,108 support level. Ethereum ($ETH) holds above $2,100 on Wednesday following the latest developments surrounding the US-Iran crisis. US President Donald Trump said that the country is in the final stages of negotiations with Iran, but warned of further attacks if a deal isn’t reached. “We’re in the final stages of Iran. We’ll see what happens. Either…