Author: NBTC

The crypto market just witnessed another major moment as the Dogwifhat Upbit listing goes live. Upbit stands as South Korea’s largest exchange, and its decisions often shape regional trends. When a meme coin enters such a platform, traders instantly pay attention. This listing has already triggered strong curiosity across the global crypto community. Dogwifhat started as a lighthearted internet meme, yet it continues to gain serious traction. Built on the Solana blockchain, it combines humor with fast transaction capability. The Dogwifhat Upbit listing now pushes this token into a more mainstream spotlight. Many investors now track its next move closely…

Last month, Rep. French Hill, who chairs the House Financial Services Committee, told CoinDesk that he expected the Clarity Act to secure bipartisan consensus, that tokenization was the next major agenda item and that crypto would continue to receive bipartisan support. You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. Click here to sign up for future editions. The narrative After stablecoins and market structure, tokenization is the next major focus for the House Financial Services Committee, Chairman French Hill told CoinDesk last month. Why it matters The House Financial Services Committee is…

Hamilton Lane is launching its tokenized Senior Credit Opportunities Fund (HLSCOPE) on TRON, marking the first Securitize-issued asset to launch on the once-maligned blockchain. Launched in 2023, HLSCOPE is a tokenized feeder fund that provides onchain exposure to Hamilton Lane’s Senior Credit Opportunities Fund (SCOPE), an evergreen private credit strategy that invests primarily in senior secured loans to top-tier borrowers in North America and Europe. HLSCOPE currently lives on the Ethereum mainnet, and Polygon, Plume, and Optimism networks, with some cross-chain maneuverability via Wormhole, according to Securitize’s website. The onchain fund has about $4.28 million in assets under management, and…

Bitcoin options worth roughly $6.25 billion are set to expire on Deribit on May 29, with positioning data pointing to $75,000 and $80,000 as the key levels to watch. The $75,000 strike carries the heaviest put concentration at $394 million in notional value, while $80,000 dominates on the call side with $532 million The max-pain price, the level at which the largest number of contracts expire worthless sits at $75,000, just under 3% below where bitcoin currently trades at $77,250. With 43,184 call contracts versus 37,351 puts, the put/call ratio of 0.86 reflects a modestly bullish market, though bitcoin’s position…

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…