Author: NBTC

The Digital Asset Market Clarity Act, which cleared the Senate Banking Committee on May 14, will set the rules of the road for an industry that has grown faster than the laws meant to govern it. Almost everyone agrees that crypto regulation is overdue. But as the bill moves toward a vote on the Senate floor, it contains five gaps that threaten to undermine the very structure and stability the legislation otherwise hopes to deliver. The Decentralized Finance or “DeFi” gap A platform or intermediary that moves, exchanges, conceals, or otherwise facilitates the transfer of value should not be able…

Dymension, a well-known modular blockchain ecosystem, and Astra Nova, a cutting-edge AI entertainment network, have partnered. The partnership attempts to incorporate Astra Nova’s AI-driven entertainment platform into Dymension RollApps. As Dymension disclosed in its X announcement, the partnership is set to unveil the Nova Toons intellectual property (IP) ecosystem of Astra Nova into the modular blockchain architecture of Dymension. Thus, the development endeavors to develop a cutting-edge environment, combining SocialFi, engaging digital experiences, Telegram-based mini-games, and Webtoon decentralized applications (dApps). Official Partnership – now live.Astra Nova is building an AI entertainment ecosystem spanning SocialFi, Webtoon Dapp, Telegram minigames, and more.We’re…

Bitcoin dropped under $77,000 and traded at $76,901 after a brutal one-hour wipeout hit the crypto market. About $600 million in positions were liquidated in 60 minutes, forcing leveraged traders out fast while the broader market turned red, according to data from Coinglass. The pain was clear in U.S. spot Bitcoin ETFs. Last week, those funds reportedly posted about 13,000 $BTC in net withdrawals. More than 4,000 $BTC came out of Ark-linked products, showing that ETF demand had cooled before the latest break lower. Long-term holders keep buying Bitcoin while ETF demand weakens CryptoQuant’s Bitcoin exchange netflow data across all…

The number of addresses holding Ethereum ($ETH) has surged to approximately 195 million, according to data from on-chain analytics firm Santiment. This milestone highlights a continued divergence in adoption between the two largest cryptocurrencies by market capitalization. Santiment Data Shows Widening Gap In a post on X, Santiment reported that the count of $ETH-holding addresses has grown sharply over several market cycles, far outpacing Bitcoin. The current figure of 195 million is more than three times the 59 million addresses holding Bitcoin. The firm noted that the gap between the two networks is steadily widening, reflecting Ethereum’s expanding role in…

The Federal Reserve Board has released its latest Financial Stability Report, a semi-annual deep dive into the health of the US financial system. The headline finding: the system is under more pressure than usual, with global risks stacking up, a balance sheet that’s grown to roughly 21% of nominal GDP, and stress test projections that assume things could get meaningfully worse before they get better. The balance sheet problem The Fed’s balance sheet sits at approximately $6.5 trillion, about 21% of nominal GDP. Governor Stephen Miran has outlined a proposal for gradually shrinking that figure by $1 to $2 trillion.…

A notable governance vote is underway within the World Liberty Financial ($WLFI) ecosystem. The proposal, which envisages unlocking a total of 62 billion $WLFI tokens, represents a value of approximately $3.7 billion. The voting, which began on April 30th, is scheduled to continue until May 7th, and currently, the proposal has received 99.5% support. If the proposal is accepted, the tokens will not be released immediately. According to the plan, the distribution process will begin two years later and will follow a phased schedule spanning approximately four years. This approach is believed to aim at reducing the potential market pressure…

Hedge fund manager Dan Loeb has publicly claimed that the Department of Justice threatened President Donald Trump in the final hours of Trump’s first term in January 2021, warning it would “go after” him if he commuted the sentence of Ross Ulbricht, creator of the Bitcoin-powered Silk Road marketplace. After the reported threat, Trump withdrew the commutation, forcing Ulbricht to serve four additional years in prison before receiving a full pardon in January 2025 during Trump’s second term. Loeb, founder and CEO of Third Point LLC, made the revelation on the All-In Podcast while discussing his role in criminal justice…

In a bold move to achieve a greater level of interoperability and enable users to connect their liquidity across multiple chains, ENI, a high-performance, enterprise-grade, modular Layer-1 blockchain, today entered into a strategic partnership with NerveNetwork, a decentralized cross-chain platform. This collaboration enabled ENI to integrate NerveNetwork’s cross-chain tech solution to provide multi-chain support for the assets and applications on its enterprise-centered blockchain network to seamlessly interact with other chains. As per the updates announced today on the X social media, the collaboration facilitated the deployment of NerveNetwork’s decentralized cross-chain smart contract on ENI’s blockchain. We are glad to announce…

Bitcoin fell below $77,000 on Monday in Asia as rising oil prices and Treasury yields pressured risk assets, while prediction-market traders continued to price little chance of near-term Federal Reserve relief. The move comes as macro conditions have become less favourable for crypto. The 30-year Treasury yield rose to 5.13%, its highest close since 2007, while Polymarket traders put the odds of no Fed move at 98% in June and 94% in July. The 10- and two-year yields also extended last week’s rise, hitting 12-month highs. That matters for bitcoin because it suggests traders are not expecting the Fed to…

Sharplink, the second-largest Ethereum [$ETH] digital assets treasury (DATs) company, has hit 21,119 $ETH in total staking rewards. This milestone was achieved as Sharplink added another 529 $ETH in staking rewards this week. Entry outpaced exit despite the drop Meanwhile, Ethereum‘s validator queues in June highlighted a staking environment that was still strong, despite cooling down. Source: Validator Queue The “Entry” queue gradually shrank from about 3.2 million $ETH towards the beginning of the month to about 3 million $ETH by 09 June. This indicated that although demand for new staking was still high, the spike that occurred in late…