Author: NBTC

A new wallet withdrew 180,000 $HYPE valued at $13.40 million from the Coinbase platform. Three linked wallets combined for a withdrawal of 557,406 $HYPE equivalent to $41.53 million from Kraken for subsequent staking. The trading volume of this asset recorded a 14% decrease in the last 24 hours, standing at $1.44 billion. On Thursday, June 4, the crypto market recorded a general contraction of 3.85%, a pullback that dragged several assets into red territory. In the midst of this scenario, the $HYPE token dropped 2.90%, trading near $64.00 at the time of writing. The price drop coincided with significant accumulation…

Tokenized asset specialist Ondo Finance ONDO$0.4037 has abandoned plans to build a conventional layer-1 blockchain, instead introducing a trading network it says is better suited for the next wave of onchain financial assets. Dubbed Ondo Network, the system marks a shift from the company’s February 2025 vision for Ondo Chain, a blockchain for institutional finance and tokenized real-world assets. After building its new perpetual futures platform, Ondo Perps, the firm said it concluded that a traditional blockchain wasn’t the best tool for handling the speed and privacy institutional trading requires. Ondo Perps is the first application using the network, with…

The market for tokenized stocks reached a record $2.3 billion in market capitalization in mid-July, according to Token Terminal data, nearly doubling since March, when the sector first cleared $1 billion, and the growth is showing up across every major issuer at once. On July 21 alone, Artemis data recorded all-time highs for Ondo Finance’s tokenized shares outstanding (514.5 million) and holder count (93,880), Backed Finance’s tokenized market cap ($579.4 million), and Robinhood Chain’s tokenized shares (126,720) and equity holder count (36,170). Arcus, the tokenized-stock exchange launched this month by the team behind dYdX, posted record daily perps volume of…

Arthur Hayes, a well-known figure in the cryptocurrency sector, announced on the social media platform X that he has sold all of his Zcash holdings. Hayes stated that the “Holy Trinity” of $HYPE, ZEC, and $NEAR, which he previously cited as the cornerstones of his investment thesis, has now come to an end. According to Hayes, the primary reason for selling was the “Orchard Pool” vulnerability discovered on the Zcash network. The experienced investor stated that he believed the likelihood of this security flaw leading to unauthorized token production was extremely low. However, the inability to prove that this possibility…

Malaysian authorities have dismantled three illegal Bitcoin mining operations in the Tronoh area, arresting two men and seizing 73 cryptocurrency mining rigs, according to a report by the New Straits Times. The raids were conducted jointly by local police and Tenaga Nasional Berhad (TNB), Malaysia’s national utility company, following suspicions of electricity theft at the targeted locations. Details of the Raid and Arrests The joint operation focused on three separate sites in Tronoh, a town in the state of Perak. Police confirmed that all three locations had been illegally siphoning electricity from the national grid to power the energy-intensive Bitcoin…

JPMorgan Chase, Bank of America, Citigroup and Wells Fargo are developing a shared tokenized deposit network that could bring round-the-clock blockchain payments to the regulated US banking system. Four US banks move tokenized deposits onto one network The Clearing House, a payments company jointly owned by major commercial banks, will operate the planned network. It aims to let participating institutions clear and settle tokenized deposits at any time while connecting blockchain-based activity with existing payment rails. Tokenized deposits represent claims against money held at a commercial bank. Unlike stablecoins, the underlying funds remain within the regulated banking system and receive…

Michael Saylor, the chairman of the world’s largest Bitcoin treasury firm, Strategy, has recently shared a brief story, reflecting on the tough moments in the history of the company, which have now become its strengths today. In the post, Saylor discussed how far the company has come since it continued to witness consistent market weakness, especially in 2022, when it faced its lowest moment. Strategy grows from 130,000 $BTC to 846,000 $BTC in four years In his statement, Saylor recalled that when he gave a speech in October 2022, Bitcoin was trading around $20,000 and the firm only held about…

Coinbase shares have fallen 4% to about $169 on July 22 as the CLARITY Act’s 2026 passage odds dropped 15 percentage points from the previous day’s peak. Polymarket data places the bill’s chance of passing before the end of 2026 at 37%, down from 52% on July 21, after disagreements emerged over how proposed ethics restrictions should be enforced. Source: Polymarket President Donald Trump had agreed to include ethics provisions in the market structure bill, helping lift the probability on Polymarket and sending COIN stock 9% higher on July 21. The compromise, however, failed to secure enough support after some…

Charles Hoskinson, the founder of Cardano, says boosting the $ADA price was never his job, and he is stepping back from videos, interviews, and X (Twitter) to reflect. He documented heavy personal abuse on the platform and framed the moment as a choice between purpose-driven research and pure speculation. A Founder Steps Back From the Spotlight In a video address to the Cardano community, Hoskinson confirmed he is pausing his public output. He plans to keep building while going quiet on social channels. “I’m gonna keep working on midnight, but I’m not gonna make videos publicly, and I’m not gonna…

Ten European financial institutions have launched Regulated Layer One (RL1), a jointly owned blockchain cooperative designed for regulated financial markets and tokenized assets. On Tuesday, the group announced that RL1 had been established as a European Cooperative Society in Luxembourg and had begun operations with founding members including ABN AMRO, Cecabank, Chartered Investment, Crédit Mutuel Alliance Fédérale, DekaBank, DZ BANK, LBBW, Natixis CIB, SC Ventures and Seturion. RL1 said each member will have equal decision-making rights over the network’s governance and development. The private, permissioned network is based on infrastructure developed by German fintech Secure Worldwide Interbank Asset Transfer (SWIAT),…