Author: NBTC

The crypto market witnessed another eye-catching whale movement after ten newly created wallets withdrew 100 million $LAB tokens from Bitget within just twelve hours. The transfer carried an estimated value of nearly $480 million and immediately triggered discussions across the market. Many traders now wonder whether this activity signals long-term accumulation or the beginning of a larger strategic move. The scale of the transaction surprised investors because the withdrawn amount equals roughly 32.26% of the entire circulating supply. Such a massive shift rarely goes unnoticed in crypto markets. Traders often interpret large exchange outflows as bullish because holders move tokens…

The UK government slapped 85 new designations onto its Russia sanctions list on May 11, targeting entities and individuals connected to Moscow’s ongoing operations in Ukraine. With this latest batch, the UK has now issued over 3,045 total designations since Russia’s full-scale invasion of Ukraine began in February 2022. What’s in the latest package The 85 new designations target a mix of entities and individuals tied to Russia’s war machine. No revocations or delistings accompanied the announcement, meaning this was purely additive. The focus remains on traditional sectors: energy, finance, and manufacturing. None of the newly designated targets appear to…

Wallets reportedly linked to crypto investment firm Multicoin Capital may have been exchanging significant amounts of Ethereum ($ETH) for Hyperliquid’s native token, $HYPE, since late January, according to on-chain analysis shared by Wu Blockchain. Analyst Findings On-chain analyst MLM, who runs a Telegram channel with roughly 27,000 subscribers, reported that on January 22, these wallets deposited 87,100 $ETH — valued at approximately $220 million at the time — into a Galaxy Digital deposit address associated with Multicoin Capital. The following day, January 23, a wallet linked to Multicoin began receiving $HYPE tokens from Galaxy Digital. Emmett Gallic, an analyst at…

South Korean blockchain firm AI0x, the operator of Fancycoin (FANC), is exploring a novel approach to credit scoring that leverages the influence of content creators and their fan communities. Speaking at the 2026 Future Finance Forum in Seoul, CEO Park Sung-hoon outlined plans to build an on-chain credit infrastructure using verified activity data from platforms like YouTube and the short-form video app Celebe. Addressing Inefficiencies in the Creator Economy Park highlighted a significant gap in the global creator marketing market, valued at approximately 45 trillion won ($33.3 billion). He noted that around 15% of this value is lost to inefficiencies,…

Billionaire quant investor and AQR Capital Management founder Cliff Asness recently threw cold water on the popular narrative that cryptocurrencies serve as a reliable “safe haven” or digital gold. Instead, the hedge fund veteran argues that crypto is currently trading much like a standard tech stock. According to Asness, the current chart correlations between the S&P 500 futures and Bitcoin show that when the broader stock market takes a hit, crypto is going down right alongside it. “Just that today crypto does not look like a store of value / diversifying asset, it looks like risk on (as it has…

Following its recent surge above $2,400, Ethereum ($ETH) is eagerly anticipated to experience another major price increase. However, the expected rise for $ETH may not happen immediately. One analyst said that rising bond yields are weakening $ETH staking and that the $ETH price may remain within a certain range. Markus Thielen, CEO of 10x Research, stated that the Ethereum price is largely influenced by spot ETF fund flows. Thielen noted a high correlation between the $ETH price and the 30-day moving average of daily net inflows into spot ETFs over the past 12 months. In this context, Thielen points out…

AI stocks are dominating the S&P 500, with the AI boom now pushing their weight to nearly 45% of the index’s total market capitalization. The dominance of this “AI backbone” is primarily driven by a handful of megacap leaders and a surge in infrastructure spending. AI stocks tied to data center, semiconductor, and energy firms now account for over 40% of the S&P 500’s total value. The high concentration in a few names increases risk if AI revenue monetization fails to meet expectations. Goldman Sachs estimates that AI infrastructure investments will account for approximately 40% of all S&P 500 earnings…

Shiba Inu burn rate has seen a 710% rise, with 5,678,332 $SHIB burned in the last 24 hours, according to the $SHIB burn website. The 710% increase represents one of the biggest daily rises in $SHIB burn rate in recent weeks. Shiba Inu burning saw a sharp increase on May 11, rising from 700,000 $SHIB to over 5.5 million $SHIB in less than 24 hours. The daily $SHIB burn added to a total of 23,753,662 $SHIB burned in the last seven days and 188,168,328 $SHIB in the last 30 days. The supply reduction push follows as $SHIB saw one of…

Law and Ledger is a news segment focusing on crypto legal news, brought to you by Kelman Law – A law firm focused on digital asset commerce. This Week in Crypto Law The opinion editorial below was written by Alex Forehand and Michael Handelsman for Kelman.Law. This week in crypto law marked another major step toward the normalization of digital assets within the global financial system. U.S. lawmakers appear closer to resolving one of the most contentious issues in crypto regulation, while enforcement actions and high-profile litigation continued reshaping the legal landscape. At the same time, crypto firms are increasingly…

Kraken has launched $AVAX staking for eligible users globally, offering up to 10% APY on bonded positions. Kraken announced $AVAX staking on May 21 with three earning options: Bonded Staking up to 10% APY for a limited time, then 7% APY. Auto Earn and Flexible Staking each offer up to 3.5% APY. “Staking $AVAX has always been possible, but for most holders it’s meant managing validators and technical complexity. We made it simple for clients to participate in protocol staking across various Earn offerings. Kraken runs the infrastructure,” said John Zettler, Kraken Director of Earn Products. $AVAX staking is now…