Author: NBTC

The legacy financial and digital frameworks propping up the current internet architecture face an imminent, existential crisis. Evin McMullen, co-founder and CEO of Billions Network, told CoinDesk in an interview during the Proof of Talk conference in Paris that tech giants and global telcos are actively scrambling to deal with an impending collapse of their primary revenue engine: display advertising. As autonomous AI agents replace human-driven semantic search, the traditional system of monetizing user eyeballs breaks down completely, she added. “They are terrified—existentially threatened,” McMullen said bluntly, describing the internal reaction of media and telecommunications conglomerates approaching her firm. “AI…

After dropping to a low of $76k, Bitcoin rebounded to $78,180 before slightly retracing. At press time, $BTC traded at $77,886, up 0.96% daily. With $BTC attempting recovery, major traders appeared to increase their long exposure. Why are whales turning bullish again? Lookonchain reported that whale Garrett Jin returned to the market and opened a Bitcoin [$BTC] long position. Garrett Jin deposited $39.5 million into Binance, withdrew $40 million from Binance, and deposited another $10 million into Hyperliquid. The whale then opened a 5x long position on 504.4 $BTC worth $59.11 million. The liquidation level stood at $62,656.49. Source: X…

In brief The U.K.’s central bank is treating stablecoins as “a new form of money” in the debate between tokenized deposits and stablecoins. The Bank of England and Financial Conduct Authority are gearing up to accept applications from would-be stablecoin issuers in the U.K. The BoE will regulate “systemic” stablecoins that are widely used in payments. With the Bank of England gearing up to accept applications from would-be stablecoin issuers, its executive director of financial market infrastructure explained that the central bank is treating stablecoins as “a new form of money.” Speaking in a panel discussion at the Financial Times…

The $XRP on-chain activity has taken a notable turn, with large holders now driving the majority of token outflows from exchanges. Recent data shared by verified CryptoQuant analyst, Amr Taha, shows that whale outflow dominance is climbing sharply across centralized platforms, while retail participants continue to fade from the picture. $XRP is not just leaving exchanges, but whales are responsible for almost all of them, reinforcing growing institutional interest. Key Points On Binance, whale-driven outflows now account for 91.4% of total $XRP leaving the platform. Across all centralized exchanges, whale dominance has reached 90.5%, marking its highest level since 2024.…

Bitgo CEO Mike Belshe claims that the Markets in Crypto Assets (MiCA) framework puts the entire stablecoin ecosystem in danger by forcing issuers to hold their reserves in fractional banks, exposing crypto to the risks of the fiat system in Europe. Key Takeaways: Mike Belshe warns MiCA limits insurance to €100K, creating system-wide risks for European stablecoins. Recalling how 1 SVB failure depegged $USDC in 2023, Belshe warns the banking sector can crash crypto. Bitgo’s CEO demands better rules to protect billion-euro stablecoin reserves from bank collapses. Bitgo CEO States MiCA Brings Systemic Risks to Stablecoin Issuers Mike Belshe, CEO…

ENI, a popular enterprise-centered blockchain network, has partnered with Noos Protocol, a cutting-edge Web3 infrastructure platform. The partnership is poised to start the next stage of AI-led infrastructure and wider decentralized innovation. ENI disclosed in its official social media announcement that the partnership combines its enterprise-scale blockchain capabilities with Noos Protocol’s focus on scalable data networks and intuitive coordination. Therefore, with this move, both platforms are endeavoring to create the latest opportunities for users, enterprises, and developers looking for interconnected and more effective decentralized solutions. 🤝 Collaboration Announcement@ENI__Official is joining forces with @NoosProtocol to accelerate the next wave of AI-powered…

Bitcoin’s long-term holder (LTH) supply is approaching all-time highs. Currently, 16.3 million $BTC is held by this cohort, defined as investors who have held bitcoin for at least 155 days. LTH supply has increased from 14.12 million $BTC around the time of bitcoin’s record high above $126,000 in October, to the current 16.3 million $BTC. In the past month alone, LTH supply has risen by roughly 200,000 $BTC. The only other time LTH supply was higher was in January 2024, when it reached 16.4 million $BTC ahead of the U.S. spot bitcoin ETF launch, one of the most anticipated events…

KDDI Corporation, one of Japan’s largest telecommunications companies, invested approximately $65 million to acquire a 14.9% stake in Coincheck Group N.V. and signed a business alliance agreement with Coincheck, Inc. to build blockchain-based financial services for Japanese consumers. Key Takeaways: KDDI paid $65 million for a 14.9% stake in Coincheck Group N.V., with the deal closing in June 2026. Au Coincheck Digital Assets, Inc. plans to launch a non-custodial wallet in summer 2026 for KDDI’s 30 million users. Coincheck Group shares climbed up to 35% on May 12 as investors responded to the KDDI partnership announcement. Japan Telecom Giant KDDI…

U.S. Senator Cynthia Lummis (R-WY) has framed the proposed Clarity Act as a pivotal piece of legislation that will determine whether the United States leads the next generation of the global financial system or cedes that role to other nations. In a post on X on [insert date if known, otherwise remove], Lummis argued that the bill goes far beyond cryptocurrency policy and represents a strategic choice about America’s economic future. The Stakes of the Clarity Act Lummis, a long-standing advocate for digital asset innovation and regulatory clarity, has positioned the Clarity Act as a comprehensive framework designed to establish…

The future of asset management is shifting on-chain, but the transition is exposing a major structural conflict over traditional corporate revenue. Speaking on a panel at the Proof of Talk summit in Paris, Jenny Johnson, CEO of Franklin Templeton, a $1.74 trillion asset manager, openly addressed the industry hesitation to deploy decentralized networks. According to Johnson, major financial firms are dragging their feet because public blockchain architecture directly challenges their existing profitability. “This technology threatens a huge number of business models that exist today in traditional finance,” Johnson stated bluntly. “If you see any kind of hesitation, it’s because there…