Author: NBTC

A recent incident involving an Ethereum Maximal Extractable Value (MEV) bot has drawn attention to the inherent risks of automated trading systems in decentralized finance. According to blockchain security firm Peckshield, the bot mistakenly transferred 167 $ETH, valued at approximately $276,000 at the time of the transaction, to an unidentified user. How the Error Occurred MEV bots are designed to scan the Ethereum mempool for profitable opportunities, such as arbitrage or liquidations, and execute transactions ahead of others. However, a coding flaw or a misconfigured parameter in this particular bot caused it to send a significant amount of Ether to…

Investors gave eToro Group (NASDAQ: ETOR) a quick double-take yesterday (Tuesday). Pre-market shares climbed roughly 6% to $41.20 on a 35% earnings beat, then reversed once the conference call started, dropping more than 6% intraday before settling at $37.61, a 3% loss for the session. The Q1 numbers were a clean beat on the headline figures, with adjusted EPS of $0.91 against a $0.69 consensus and net contribution up 19% year-over-year to $258 million. Assets under management declined quarter over quarter, while average trade sizes shrank by nearly 50% year over year. Singapore Summit: Meet the largest APAC brokers you…

The Midnight $NIGHT token has quickly captured attention across the crypto space. It now ranks among the top five most held tokens on the Cardano network. Over 71,000 holders now actively hold this token. This milestone signals more than just popularity. It reflects growing trust in a new approach to token distribution. The rise of the Midnight $NIGHT token comes at a time when users demand fairness and transparency. Many projects struggle with uneven allocations and insider advantages. Midnight takes a different path. Its innovative launch mechanisms aim to level the playing field. This shift has attracted both retail users…

Less than four years after the collapse of FTX triggered calls for a sweeping crackdown, the crypto industry has emerged as one of the fastest-growing forces in American politics, spending millions across both parties, reshaping key elections, and transforming itself from a regulatory target into a powerful new political machine. In 2022, Washington’s dominant question about the crypto industry had little to do with the fine print of securities law. After the collapse of FTX triggered a wave of congressional fury and handed Gary Gensler’s SEC a permission slip to pursue enforcement actions at scale, lawmakers on both sides of…

Orbs, a decentralized Layer 3 blockchain infrastructure focused on advanced on-chain trading, has announced a major milestone in the development of Orbs V5 with the launch of its Committee Sync MVP on Ethereum and Arbitrum. The upgrade is designed to improve how decentralized trading execution is verified across chains while reducing infrastructure overhead and expanding validator participation. Since the release of V4, Orbs says its infrastructure has processed more than $14 billion in trading volume across more than 30 DEX integrations on over 10 blockchain networks, generating more than $3.2 million in protocol revenue. The network powers trading protocols, including…

The tariff refund trade has moved from court hypothesis to Treasury accounting, and the macro picture looks more consequential than traders initially framed it, with traders increasingly watching whether the process can improve Bitcoin price’s macro outlook. The US Customs and Border Protection had processed $35.46 billion in tariff refunds as of May 11, including interest, validating 86,874 applications covering 15.1 million entries and finalizing 8.3 million shipments. Up to $166 billion in IEEPA tariff collections qualify for repayment, money owed to more than 330,000 importers across roughly 53 million entries, with a Supreme Court ruling having stripped the President…

The cryptocurrency market is under significant downward pressure, causing the Ethereum price to fall below the psychologically important mark of $1,700. Ongoing macroeconomic stress factors, outflows from spot ETFs, and systematic liquidations of long positions have plunged the second-largest cryptocurrency into a deep correction phase. Based on current market data from the 4-hour charts, Ethereum is currently in a heavily oversold area. For traders and investors, the urgent question now is where the price floor can be established. Ethereum Price Analysis: $ETH Coin Breaks Below $1,700 The market structure of Ethereum has continuously deteriorated over the past few weeks. After…

Norway’s largest pension fund manager, KLP Kapitalforvaltning AS, has increased its exposure to Bitcoin indirectly by adding approximately $20.5 million worth of shares in MicroStrategy (MSTR), the software firm known for its substantial corporate Bitcoin holdings. The move, disclosed through data tracked by BitcoinTreasuries, brings KLP’s total stake to 104,680 shares, up from 95,160. KLP’s Growing Indirect Bitcoin Bet KLP, which manages roughly $110 billion in assets, has been gradually increasing its position in MicroStrategy over recent quarters. The latest purchase reflects a broader trend among institutional investors seeking Bitcoin exposure through publicly traded companies that hold the cryptocurrency on…

Flare Network CEO Hugo Philion has criticized Cardano, arguing that the network has underperformed in decentralized finance (DeFi) despite its early start. A recent statement from Hugo Philion has captured the crypto community’s attention after he openly criticized Cardano. His remarks directly respond to bold claims made by Cardano founder Charles Hoskinson about bringing programmability to Bitcoin and institutional assets. Key Points Flare CEO Hugo Philion criticized Cardano for underperforming in DeFi despite its early launch. On-chain data from DeFiLlama shows Flare boasts a TVL of $159 million, surpassing Cardano’s $131 million. Philion dismisses Cardano’s chances of leading Bitcoin-based DeFi…

Former Federal Reserve Chair Jerome Powell used his first public speech since leaving the top job to deliver a warning about political pressure on the US central bank. Speaking while accepting the John F. Kennedy Profile in Courage Award in Boston, Powell said the Federal Reserve is facing a “stress test” and argued that its ability to operate independently is critical to maintaining public trust. The remarks came just weeks after Powell’s term as chair ended on May 15, and Kevin Warsh took over leadership of the central bank. Powell Pushes Back Against Political Interference Powell did not mention President…