Author: NBTC

Sui is gaining fresh market attention after research shared by RaoulGMI suggested the network generates higher capital density per user than Solana. The comparison has increased discussion around $SUI’s long-term valuation potential as investors analyze blockchain efficiency beyond market capitalization alone. Traders are also monitoring Sui’s expanding DeFi ecosystem, rising liquidity levels, and growing developer activity as signs of broader adoption within the crypto sector. Sui is drawing renewed interest across the crypto market as new research shifts focus toward user-driven economic activity instead of headline token valuations. Data discussed by RaoulGMI indicates that Sui users currently generate stronger capital…

Crypto investment firm Galaxy Digital said seven Democratic lawmakers on the US Senate Banking Committee could be key to advancing the Digital Asset Market Clarity Act when it goes to markup on Thursday, sending it to the Senate for a vote. In an X post on Sunday, Galaxy Digital labeled Democratic lawmakers Ruben Gallego and Angela Alsobrooks as “constructive/pro-framework” when it comes to crypto. Four other lawmakers are seen as “deal-makers,” while one lawmaker is seen as “mixed.” “If Democrats vote for the bill in markup, likelihood of ultimate passage on the Senate floor increases significantly,” Galaxy Digital said. Passing…

Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has listed the SPCXUSDT Perpetual Contract, giving traders leveraged exposure to SpaceX ahead of its anticipated initial public offering (IPO) on June 12, 2026. The contract is live on the platform with up to 10x leverage. The listing comes as SpaceX prepares for what could be a landmark moment in stock market history. According to official filings, the company is targeting a valuation of $1.75 trillion to $2 trillion and plans to raise approximately $75 billion, putting it ahead of Saudi Aramco’s (TADAWUL: 2222) $29.4 billion IPO in 2019 as the…

The latest Canaan earnings also revealed a new split screen among Bitcoin mining’s best-known hardware suppliers: the company selling mining machines reported a much weaker quarter just as its own crypto holdings became harder to ignore. The ASIC maker said Q1 2026 revenue fell to $62.7 million, down from $196.3 million in the previous quarter and $82.8 million a year earlier. Its net loss widened to $88.7 million from $85.0 million in Q4, while non-GAAP adjusted EBITDA loss almost doubled to $76.3 million from $40.5 million. At the same time, Canaan ended March with 1,807.60 $BTC and 3,951.53 $ETH, a…

Syndicate Labs announced it is winding down after five years of developing onchain infrastructure for customizable Ethereum rollups and sequencers, citing a shrinking market for rollups. The company said on Thursday on X that the decision was necessary because “the rollup market has fundamentally shifted.” “Unfortunately, the rollup market has shrunk dramatically. For every new rollup spinning up, several more are quietly shutting down,” it said. Syndicate Labs is a venture capital-backed company that focuses on enabling customizable, programmable Ethereum appchains, or application-specific rollups, with smart sequencers. It raised $20 million in Series A funding led by Andreessen Horowitz in…

Bitcoin Swings Wildly as Iran Ceasefire Drama Rocks Crypto Markets Bitcoin kicked off the week with a surge above $71,000 before retracing, reflecting renewed market sensitivity to geopolitical developments between the U.S. and Iran. The leading cryptocurrency had traded below $68,000 over the weekend, leaving investors on edge as markets digested conflicting reports about peace talks in the Middle East. Monday’s spike came after the U.S. President Donald Trump announced a five-day postponement of planned strikes on Iranian power plants, citing “very good and productive” conversations with Tehran on a “complete and total resolution” of hostilities. Within minutes of the…

TownSquare, a decentralized finance (DeFi) money market protocol built on the Monad blockchain, has announced the successful closure of a $16.25 million pre-Series A funding round. The project disclosed the raise via its official X account, revealing a diverse group of investors that includes World Liberty Financial, Ouroscapital, Arcane, OKX Ventures, Animoca Brands, Amber Group, and Aptos. Strategic Allocation of Capital The fresh capital is earmarked to strengthen TownSquare’s revenue generation infrastructure, with a specific focus on two key areas: the $USD1 stablecoin initiative and the tokenization of real-world assets (RWAs). By integrating these assets into its money market protocol,…

The Ethereum network is approaching a critical infrastructure bottleneck, sparking intense debate among developers over how to handle the blockchain’s rapidly growing “state size.” At the center of the controversy is a proposed network upgrade, EIP-8037, which aims to curb data bloat by significantly increasing the upfront gas costs for developers deploying new smart contracts and storage slots. There seems to be an economic flaw in Ethereum’s current design: developers pay a one-time fee to write data to the blockchain, but network nodes are forced to pay the ongoing costs to store that data forever. The state storage problem Ethereum’s…

The ongoing conflict between the U.S. and Iran is accelerating Wall Street’s transition into tokenized real-world assets (RWAs) to allay the risk of geopolitical volatility. The crisis has solidified RWAs as essential “always-on” infrastructure for Wall Street, exposing the limitations of traditional financial markets that close during weekends. As of April 2026, financial institutions are increasingly adopting blockchain-based tokenized trading to reduce the risks posed by 24/7 geopolitical tensions that traditional markets are ill-equipped to handle. Closing on weekends when many geopolitical escalations occur has emerged as a critical vulnerability in traditional financial markets. Major attacks, such as the U.S.…

Tether increased its stablecoin supply again after minting $1 billion $USDT on the Tron network. The latest issuance pushed the company’s total new $USDT creation to $6 billion within three weeks. Blockchain tracking platform Onchain Lens reported the latest mint on May 11. The move arrived as crypto trading activity accelerated across major exchanges and Bitcoin maintained strong momentum. Market analysts continue to watch large $USDT mints closely because they often signal rising liquidity demand. Besides, traders usually interpret fresh stablecoin supply as preparation for larger institutional positioning across digital asset markets. During the same three-week period, the company also…