Author: NBTC

Morph, the L2 incubated by Bitget, aimed to be a contender in the modular blockchain space. However, it hit a series of road bumps, as Blockworks previously reported, and is now facing another shakeup: the departure of a CEO. CEO Cecilia Hsueh told Blockworks she’s moving into an advisor role at the layer-2 incubated by Bitget. Hsueh has yet to publicly announce her departure from the blockchain startup, but said she privately told the leadership at the startup behind Bitget’s L2 that she planned to step down in March of this year. “I talked to Dragonfly the first day I…

Crypto pundit Crypto GEM has provided an ultra-bullish outlook for the Ethereum price, predicting that it could reach a new all-time high (ATH) this market cycle. Based on his prediction, ETH could record a 3x gain as it makes this parabolic run. Ethereum Price To Rally To $8,000 In an X post, Crypto GEM declared that the Ethereum price will go parabolic this cycle, predicting that it can reach as high as $8,000. His accompanying chart showed that ETH can reach this target by July 2026. Crypto analyst Mikybull Crypto has also stated that his targets for ETH in this…

Brazil’s Central Bank plans to treat transaction data from its central bank digital currency (CBDC) infrastructure, called Drex, as a direct input for setting the country’s interest rate benchmark. Central bank executive Henrique Videira said on June 4 at the Token Nation conference in São Paulo that every payment and asset transfer recorded on Drex’s distributed ledger will generate a time-stamped, structured entry. By aggregating those entries at the group level, the monetary authority expects to measure consumption shifts, liquidity pockets, and sector performance in near real time. Staff economists would feed the metrics into existing output gap and credit…

The federal judge overseeing Roman Storm’s prosecution declined to order the Department of Justice to review its records for any materials it might have missed that would help the Tornado Cash developer at the end of a 30-minute hearing Friday morning, though she told the government it should not have any disclosure issues. Judge Katherine Polk Failla also ruled that there were no Brady violation concerns with the Department of Justice’s conversations with the Financial Crimes Enforcement Network (FinCEN) about whether mixers needed to register as money transmitters — the conversation that prosecutors pursuing Samourai Wallet developers had with FinCEN…

FTX Token recently slipped amid news of $5 billion distributions But what does FTX distributions mean for potential FTT price movement? Broader market sentiment may also dictate price direction for the FTX token. The FTX Token (FTT), the native cryptocurrency of the now-defunct crypto exchange FTX, is up 2.8% in the last 24 hours to trade above $1.24. While not huge, the gains continue FTT token’s uptick from lows of $1.12 hit earlier in the week. This comes as the FTX holder community eyes fresh momentum amid the impending $5 billion second phase of bankruptcy distributions. But what does this…

The total hashrate of the 13 U.S.-listed bitcoin BTC$107,661.84 miners tracked by JPMorgan (JPM) now accounts for around 31.5% of the global network, the highest level on record, the bank said in a research report on Monday.These miners added 11 exahashes per second (EH/s) of capacity since April, led by CleanSpark (CLSK), Hive Technologies (HIVE) and Riot Platforms (RIOT), the report said. The hashrate refers to the total combined computational power used to mine and process transactions on a proof-of-work blockchain, and is a proxy for competition in the industry and mining difficulty. The miners’ aggregate hashrate has risen 99%…

Consensys, the Ethereum infrastructure company behind the popular MetaMask wallet, said it has acquired Web3Auth, a provider of wallet infrastructure, in a move aimed at improving usability and developer accessibility across its platforms. Financial terms of the deal were not disclosed. The acquisition is designed to modernize MetaMask’s onboarding experience and tackle one of the most persistent challenges facing self-custodial crypto wallets: seed phrase management. According to Consensys, internal data indicates that 35% of MetaMask users fail to back up their seed phrases — a key vulnerability that can result in permanent loss of funds. Web3Auth’s technology, already integrated across…

The Ethereum Foundation has laid off some members of its research and development team as part of a broader restructuring effort aimed at refocusing on critical protocol design challenges, the organization said in a blog post Monday. The shake-up comes as the Switzerland-based nonprofit grapples with ongoing criticism over its management and strategic direction. Some in the Ethereum community have warned for over a year that failure to address key technical hurdles could threaten Ethereum’s status as an industry leader, and the organization has already undergone leadership changes in part to address these concerns. The foundation is rebranding its Protocol…

Circle made its public market debut Wednesday on the New York Stock Exchange (NYSE) under the ticker “CRCL,” pricing its shares at $31 — above the expected $24 to $26 range. The company sold around 34 million shares in the offering, for a valuation of $1.1 billion. Bloomberg pegs the total amount raised in the IPO at $6.2 billion. Circle initially planned to offer just 24 million Class A shares, with 9.6 million coming from the firm itself and the remainder from early stakeholders. But as demand soared, the offering ballooned to more than ten times the original amount. This…

Although the cryptocurrency market has been in a general downward trend this week, led by Bitcoin, the BTC price, which bottomed at around $ 100,000 on Friday, experienced a weekend recovery, climbing above $ 106,000 and is preparing to close the week in the green zone. The source of the decline during the week was the surprising debate between Elon Musk and Donald Trump and the subsequent decline in US stock prices. In addition, there will be a large number of token unlocks in many altcoins in the new week. Here is the token unlock calendar that we have prepared…