Author: NBTC

Vocal Dogecoin community member Mishaboar issues a crucial warning to Dogecoin holders as L2 infrastructure Dogechain shuts down. Dogechain, an L2 launched for Dogecoin aimed at bringing DeFi, GameFi, and NFTs to the $DOGE community, announced its sunset this month owing to current market conditions, which made it increasingly difficult to sustainably operate and maintain the network. Mishaboar urged Dogecoin holders to bridge or withdraw their funds, as Dogechain services will be shut down, noting that millions of $DOGE are still bridged. He highlighted the importance of doing this. Users will have a two-month window to bridge assets out of…

Bitcoin price has rebounded toward $62,000 after a sharp selloff pushed the crypto asset below $60,000, though weak institutional demand and persistent macroeconomic risks continue to keep traders on the defensive. According to data from crypto.news, Bitcoin ($BTC) price climbed back to around $61,800 on June 25 after tumbling as much as 5.7% a day earlier to an intraday low near $59,175. The recovery followed an aggressive round of dip buying after the four-hour Relative Strength Index fell to its lowest level since August 2023, a condition that historically attracts swing traders looking for oversold entries. The bounce also came…

The Callout Replying directly to a post from Ethereum’s official account, ZachXBT wrote on X: “Proton does not currently accept Ethereum as payment option for subscriptions only Bitcoin. The pseudonymous investigator, known for tracing stolen funds and exposing fraud across the industry, attached a screenshot and left the correction at that, a characteristically blunt fact-check delivered to an account with millions of followers. Image source: X ZachXBT has spent much of the year building exactly this reputation with his recent work, including an investigation that alleged 95% of the LAB token’s supply was insider-controlled and a warning that Humanity Protocol’s…

The race to manage stablecoin reserves is attracting another major Wall Street name, and this time it’s Fidelity. The financial services giant has officially launched a money market fund designed specifically for stablecoin issuers operating under the $GENIUS Act, further expanding the list of traditional asset managers competing for reserve assets. The move comes as the stablecoin sector continues to grow rapidly and institutions position themselves to benefit from the industry’s next phase. Fidelity Launches $GENIUS Act Reserve Fund According to a prospectus filed with the U.S. Securities and Exchange Commission (SEC) on June 12, Fidelity has introduced the Fidelity…

Cardano founder Charles Hoskinson addressed decentralization, ecosystem growth, and the $ADA price in his statements regarding the future of the Cardano ecosystem. Hoskinson stated that he is open to any initiative that can add value to Cardano, saying, “If you bring something to the table that can grow Cardano and it doesn’t break decentralization, I see that as a clear positive. Because that increases the use case, impact, and security of the ecosystem.” Hoskinson stated that Cardano’s purpose is to build a decentralized infrastructure, emphasizing that no single person or group should hold sole control over the ecosystem. “The entire…

Bitcoin briefly fell below $60,000 due to outflows from US spot ETFs, a more hawkish Fed, and a stronger dollar. This situation has increased concerns that the decline could turn into a prolonged bear market. At this point, analysts say Bitcoin is at a critical juncture, while one analyst argues that it’s still too early for $BTC to recover and that a drop to $55,000 is possible. Speaking to CoinDesk, FxPro senior market analyst Alex Kuptsikevich stated that it is still too early to expect a full-scale recovery for Bitcoin. Noting that Bitcoin is currently trading near its 200-week moving…

DefiLlama has announced a significant enhancement to its platform by tracking token rights for over 100 protocols and Layer 2s. This new feature aims to provide clearer insights into holders’ revenue, governance, economic rights, and other critical aspects of token utility. According to their official tweet, this development is crucial for ongoing discussions around governance and economic rights within the crypto space. The Latest The crypto market just witnessed a notable development as DefiLlama expands its tracking capabilities. The organization now monitors token rights for over 100 protocols and Layer 2 networks, a move that significantly enhances transparency in governance…

Ethereum co-founder Vitalik Buterin has named quantum resistance, scalability and privacy as three of Ethereum’s top priorities under a new “Lean Ethereum” strawmap, which lays out the network’s technical direction for the remainder of the decade. In a post to X on Saturday, Buterin said the collection of upgrades will roll out over the next three to four years, touching nearly every layer of Ethereum in a transformation he compared in scale to the September 2022 Merge, which shifted the network away from energy-intensive mining. “Quantum safety has shifted up a LOT in priority,” he said, adding that finalizing a…

In brief Franklin Templeton filed with the SEC on Thursday for two ETFs that would hold baskets of U.S. stocks and steer the dividends into Bitcoin. The funds track new VettaFi “Bitcoin DRIP” indices, starting with a 5% Bitcoin weighting that is capped at 20%. The filing adds to a crowded 2026 pipeline, with analysts expecting more than 100 crypto ETFs to launch this year. Global asset manager Franklin Templeton filed with the Securities and Exchange Commission Thursday to launch two exchange-traded funds that reinvest dividends into Bitcoin. The Franklin U.S. Equity Bitcoin DRIP Index ETF and the Franklin U.S.…

Synthetix governance has moved to retire sUSD, proposing to pay all holders back at face value in vested $SNX under SIP-423, introduced June 12. The stablecoin now trades at roughly $0.25 against its $1.00 target, per CoinGecko and DefiLlama. Synthetix founder Kain Warwick and core contributor Benjamin Celermajer authored the proposal. Under SIP-423, the sUSD contract would be frozen and deprecated. Each eligible sUSD holder would receive four $SNX tokens per sUSD, at a conversion that values $SNX at $0.25 and sUSD at its intended $1.00 face value. The $SNX tokens carry a one-year lock followed by a one-year linear…