Author: NBTC

A Delphi Consulting analysis of 652 CEX listings from January 2025 onward found that a user buying every new token across Binance, Bybit, Coinbase, Gate.io, and Kraken would have kept roughly 50 cents on the dollar. The win rate across all listings was 12%, 52% of tokens lost more than 80%, and the median return was -82%. Tokenized stocks appear to be the answer that exchanges are giving to failing token launches. Delphi Consulting’s analysis of 652 token listings across five major exchanges from January 2025 through May 2026 found a 12% win rate and a median return of -82%.…

Bitcoin ($BTC) fell below $80,000 at Friday’s Wall Street open as analysis tied risk-asset weakness to US bond markets. Key points: Bitcoin eyes its lowest levels of May as concerns over US bond yields spark a risk-asset rout. US 10-year treasury yields rise above levels that sparked a US tariff pause on China last year. Traders wait for new local lows for $BTC/USD as support stability is eroded. Bitcoin suffers as risk-asset “euphoria” turns sour Data from TradingView tracked 3% daily $BTC price losses, with downside intensifying as the US session began. $BTC/USD approached its lowest levels in May so…

In a bid to embrace the agentic economy and enhance its decentralized network’s efficiency, Liquify DAO, a DeFi platform, today announced a strategic partnership with PayGo, an HTTP-native payment infrastructure based on the x402 open standard. This collaboration enabled Liquify to integrate PayGo’s x402 infrastructure to embed its DeFi platform with the capability of enabling efficient, autonomous, and trustworthy payments between AI agents. Liquify is a DeFi ecosystem that allows users to access key financial activities, including digital asset management, staking, and diverse liquidity provision. Its multi-chain protocol lets users unlock liquidity, earn staking rewards, and DeFi yields across multiple…

Prediction market platform Kalshi has completed a new $1 billion investment round, bringing its valuation to approximately $22 billion, according to a report from The New York Times. The funding was led by Coatue Management, with participation from Sequoia Capital, Andreessen Horowitz (a16z), IVP, Paradigm, Morgan Stanley, and Ark Invest. Strategic Expansion into Corporate Services The company plans to deploy the fresh capital to expand its offerings for corporate clients, moving beyond its consumer-facing prediction market platform. This marks a significant shift in Kalshi’s business model, as it aims to provide risk management and forecasting tools to businesses, potentially competing…

Billions Network is facing fresh community backlash after revising its token unlock structure before its Token Generation Event (TGE). The change has frustrated early sale participants who expected quicker access to their tokens. The dispute intensified after Kaito CEO Yu Hu said the Billions team had warned in March that the project’s original unlock plan was creating problems in exchange-listing discussions. According to Hu, the issue centered on a 5.6% day-one launchpad unlock, which reportedly made some exchanges uncomfortable ahead of the listing process. Under the latest update shared on X, participants were given three options. They can request a…

On June 4, Terry Duffy, CME Group’s chief, blasted perpetual futures, calling them “a disaster waiting to happen.” He warned that U.S. regulators could destabilize financial markets by allowing U.S. investors access to perpetual futures. Shares of major U.S. exchange operators are falling as investors worry these futures will shift competition across asset classes, according to Reuters. The CFTC opened the U.S. perps market on May 29 The Commodity Futures Trading Commission approved the first U.S.-regulated perpetual futures contract offered by Coinbase and Kalshi on May 29. Unlike traditional futures, perpetual ones never expire, allowing traders to hold them indefinitely.…

South Korea’s alternative trading system (ATS) operator Nextrade and the country’s main bourse, the Korea Exchange (KRX), are advancing toward the launch of over-the-counter (OTC) exchanges for tokenized securities, according to a report by The Korea Economic Daily TV. Both entities have formed separate consortiums with securities firms and partner companies and plan to submit final license applications in August, with the goal of opening their respective markets within the fourth quarter of this year. Two Parallel Consortia, One Regulatory Path Nextrade and the Korea Exchange are pursuing distinct but parallel strategies. Each consortium includes major domestic securities firms and…

Blockchain analytics firm Glassnode says Bitcoin network activity is showing signs of a strong recovery. This trend has historically aligned with the end of local market bottoms and the return of bullish momentum. The analysis comes at a time when Bitcoin continues to trade near $80,000 without a decisive breakout from its current range. Key Points Bitcoin network growth is rising fast, a signal that previously marked the end of local $BTC market bottoms. Glassnode says Bitcoin’s Network Growth metric is nearing a key bullish inflection zone above 60. $BTC options data shows traders remain cautiously bullish despite ETF outflows…

Since debuting on Base in 2023, Aerodrome has become one of the most widely known DEXs on the network by using a system that rewards token holders for directing liquidity incentives toward trading pools. The model helped solve one of DeFi’s longstanding problems: how to bootstrap liquidity for new assets and keep it from disappearing when incentives dry up. Prediction market similarities But the model has an inherent limitation, according to Cutler. Decisions are largely based on past performance. Predictive Allocation seeks to flip that dynamic. Instead of rewarding participants for directing incentives toward pools that have already generated fees,…

Artificial intelligence continues to raise fears about the future of jobs as AI startup Anthropic launched 10 new AI agents for banks, insurers, and financial firms. The launch has triggered fresh debate online about whether AI could replace entry-level finance workers, analysts, and even some software-related jobs. Concerns intensified after users on X claimed the tools could automate tasks usually handled by first-year Wall Street analysts. At the same time, others argue that fears of an “AI job apocalypse” are exaggerated. They point to history and recent economic research showing that technology often changes jobs rather than eliminating work. Anthropic…