Author: NBTC

Crypto trading app Fomo has raised $75 million in a Series B funding round led by Index Ventures as the company looks to expand beyond digital asset trading. The round valued Fomo at $550 million and included participation from Union Square Ventures and existing investor Benchmark. Angel investors included Zynga cofounder Mark Pincus, Discord CEO Humam Sakhnini and Eventbrite cofounder Kevin Hartz. The latest raise brings Fomo’s total disclosed funding to roughly $94 million. The company previously secured a $17 million Series A led by Benchmark in November 2025, bringing its funding at the time to $19 million. Fomo plans…

Synthetix founder Kain Warwick has acknowledged that sUSD has been depegged for over a year, taken personal responsibility for treasury mismanagement, and published a detailed thread this morning explaining the path forward: winding down the $SNX-backed stablecoin and replacing it with a basis-vault-backed instrument powered by the protocol’s new v4 exchange. Warwick’s eleven-tweet thread follows governance’s passage of SIP-423, covered earlier today by The Defiant, which would freeze the sUSD contract and pay holders four $SNX per sUSD. In the thread, Warwick goes further than the SIP itself, framing the depeg as a multi-factor failure and detailing the reasoning behind…

A leading U.S. banking industry group has criticized the CLARITY Act’s approach to anti-money laundering compliance. It argues that the proposed crypto market structure bill leaves significant gaps across decentralized finance and other digital asset services. In a policy update published on June 19, the Bank Policy Institute [BPI] said the legislation would create a “lighter-touch AML regime” by applying anti-money laundering obligations only to certain digital asset brokers, dealers, and exchanges, while leaving other parts of the crypto ecosystem outside the framework. “This bill is not innovation-friendly; it is illicit finance-friendly,” the organization wrote. The comments come as lawmakers…

Another Chainlink token unlock has taken place, a quarterly event. According to on-chain data, approximately 21 million $LINK were transferred from four non-circulating supply addresses belonging to Chainlink about 3 hours ago. The current value of these tokens is estimated at approximately $166 million. 18.37 million $LINK tokens, worth approximately $145 million, were transferred to the Binance exchange. The remaining 2.625 million $LINK tokens, valued at approximately $20.8 million, were transferred to a multi-signature address starting with 0xD50…8Af. Related News Binance Founder CZ: “If Satoshi Nakamoto Doesn’t Move His BTC, His Coins Should Be Frozen” It is known that approximately…

1-Hour Chart: Buyers Losing Steam After a Short Recovery On the 1-hour chart, bitcoin has been producing modestly higher highs from a recent low, but the most recent candles are showing very small bodies with declining volume. That combination tells traders one clear story: buyers are not aggressively accumulating. A move above $60,400 could extend the short-term recovery, but any failure below $59,700 points directly back to lower support levels. $BTC/USD 1-hour chart via Bitstamp on June 27, 2026. The moving average convergence divergence ( MACD) at level negative 2,300 is showing a negative signal, which confirms that near-term momentum…

Micron shares rose about 4% to a new all-time high Monday after the memory chipmaker announced a broad strategic agreement with Anthropic aimed at scaling the infrastructure used to train and operate Claude. The partnership covers the design of memory and storage architecture, a supply agreement, the deployment of Claude across Micron and a strategic investment in Anthropic’s Series H funding round. Micron and Anthropic will work together to study how high bandwidth memory, DRAM and solid state drives perform across different artificial intelligence workloads. The companies said the collaboration is intended to improve infrastructure performance, energy efficiency and token…

Pendle recently amplified a widely shared post indicating that real-world assets (RWAs) represent approximately $691 million of total value locked (TVL) on its platform. This significant figure places RWAs among the largest categories on Pendle, pointing to notable liquidity and engagement within this segment. The information comes from a tweet by @pendle_fi, which has garnered attention in the crypto community. Breaking It Down Trading volumes for Pendle have been noteworthy due to this emphasis on RWAs. The broader crypto market displays mixed signals, yet the focus on RWAs could attract further investor interest. As RWAs account for a substantial portion…

CME Group appears to hold a stronger legal position in its ongoing lawsuit against the Commodity Futures Trading Commission (CFTC) over the approval of perpetual futures contracts in the United States, according to a new analysis from TD Cowen. Legal Analysis Highlights CME’s Advantages Jaret Seiberg, a managing director at TD Cowen’s Washington Research Group, outlined in a research note that CME Group has the advantage on both procedural and substantive legal grounds. The assessment, reported by The Block, points to the central question of whether perpetual futures—derivative contracts with no expiration date—can legally be classified as futures under existing…

Charles Schwab is working with Cboe Global Markets to introduce contracts that would allow customers to make yes or no predictions on the performance of the S&P 500, according to a Wall Street Journal report. The brokerage plans to make the products available in the coming months, marking its first move into the growing prediction market sector. The contracts will use a binary options structure. They will pay a fixed cash amount if the S&P 500 closes above or below a predetermined level and nothing if the condition is not met. The products differ from the futures contracts offered by…

Franklin Crypto, the newly established digital asset division of Franklin Templeton, has launched following the completion of the firm’s acquisition of 250 Digital, an active crypto investment management firm led by industry veterans Christopher Perkins and Seth Ginns. 250 Digital was established in January after being spun out of CoinFund. The acquisition was first announced in April. The deal brings in the full 250 Digital investment team and liquid crypto strategies previously managed by CoinFund, with Franklin Templeton also investing in those strategies as part of its digital asset expansion strategy. The firm said the transaction reflects its conviction in…