Author: NBTC

After losing 90% of its stock price over the past year, the first US-listed Solana (SOL) treasury company, DeFi Development Corp, filed a clever maneuver yesterday. Relocating from Delaware to Nevada, it is now much harder to fire members of its Board of Directors. In a new SEC filing yesterday, the once-$600 million, now-$118 million company bolted from Delaware to Nevada without a full shareholder vote. It simply informed minority stockholders of the decision by its ‘Special Committee’ and majority stockholders. “YOUR VOTE OR CONSENT IS NOT REQUESTED OR REQUIRED,” the company informed common shareholders in all caps. Largest Solana…

Sui has opened public testing for a new privacy system that hides token balances and transfer amounts while preserving access for auditors and compliance teams, introducing a model that differs sharply from traditional privacy-focused cryptocurrencies. According to an announcement published on June 8, confidential transfers are now available in public beta on Sui’s Devnet, with a Testnet release planned later this year. The feature encrypts transaction values and wallet balances onchain but leaves sender addresses, receiver addresses, token types, and transaction timestamps visible. Confidential transfers are live in public beta on Sui Devnet.Transfer amounts and balances are private, with controlled…

Traders Are Ready to Hand AI More Control Seven in 10 U.S. crypto traders polled by OKX said they would be comfortable letting artificial intelligence manage their portfolios without human review, according to survey results published July 21. The group included traders willing to grant AI complete autonomy and those prepared to allow automated decisions within risk limits they set themselves. The company said: “Approximately 7 out of 10 traders we surveyed said they’d be comfortable letting an AI manage their portfolio without a human checking every move, either with full autonomy or within risk limits they set themselves. That’s…

With the crypto market showing signs of bottoming, Bitwise Chief Investment Officer Matt Hougan said investors looking ahead to the next crypto bull market should pay particular attention to two types of investments that he believes are best positioned to benefit as blockchain technology becomes more deeply integrated with traditional finance. In his latest market commentary, Hougan identified these as the “Hyperliquid Lane” and the “Robinhood Lane.” The Hyperliquid Lane The Bitwise exec said he believes the next crypto bull market will be driven by the convergence of onchain and traditional finance through trends such as stablecoins, tokenization, 24/7 trading,…

Over the past week, bitcoin ($BTC) has traded between $62,000 and $72,000. Despite bullish conditions not being fulfilled, the leading digital asset has managed to hold its floor. Analysts at the crypto exchange Bitfinex revealed in the latest Bitfinex Alpha report that the current crypto market environment is being reshaped by shifting Federal Reserve expectations and inflation risks. These factors have created near-term pressure for risk assets like gold and $BTC; regardless, the floor of the latter has remained intact. Bitcoin in Limbo On-chain data shows that neither bulls nor bears are firmly in control. With $BTC trading within the…

Ethereum ($ETH) reserves are moving in different directions across major cryptocurrency exchanges. Gemini and Bitfinex have recorded significant outflows, while Binance’s holdings have remained mostly stable, according to CryptoQuant analyst Amr Taha. 658,600 Fewer $ETH on Exchanges Data shared by Taha shows Gemini’s Ethereum reserve fell to 384,400 $ETH on July 24. This marks its lowest level since March 2024. Notably, the exchange has lost about 188,600 $ETH, or 32.9%, since holding 573,000 $ETH on April 23. Meanwhile, Bitfinex has also seen a major decline. Its Ethereum reserve dropped from 2.71 million $ETH on May 11 to 2.24 million $ETH.…

Strategy (formerly MicroStrategy) CEO Phong Le just bought $5,467 of his company’s STRC preferred shares for two of his children. The same man earned over $37 million running the company over the past three years, including $13.7 million in total executive compensation during fiscal 2025 alone. Not that it makes the figure any better, but all three minor children technically held STRC before May 22. Together, they hold 186 STRC shares, worth $18,600 combined. Alongside founder Michael Saylor, Le has spent the past year pitching STRC to retail investors as a supposed competitor to high-yield bank accounts and money markets.…

The $XRP Ledger (XRPL) network is set to receive a major security upgrade, shifting to nuclear-grade formal verification technology, according to a technical breakdown by RippleX contributor Vito Tumas. Reacting to the news, XRPL Foundation community lead Vet called it a transformation into “Fortress $XRP”. Why native DeFi on $XRP is dangerous The $XRP Ledger has a completely different architecture compared to other blockchains like Ethereum, as the main financial tools here are embedded directly into the layer-one code, meaning into the “heart” of the network. This makes transactions much faster, but it also raises the stakes because any hidden…

Polymarket has announced a French court challenge five days after regulators ordered internet providers to block the platform over gambling-loss and market-manipulation concerns. Reuters reported on July 22 that the crypto-based prediction market intends to contest the National Gambling Authority’s decision through France’s legal system. “We are disappointed by the French gaming authority’s (ANJ’s) sudden decision to unilaterally block our website — we intend to challenge this decision through the legal process in France,” Polymarket stated. ANJ President Isabelle Falque-Pierrotin issued the order on July 16, directing French internet service providers to restrict access to Polymarket. According to ANJ’s statement…

Cryptocurrency infrastructure platform Blockchain.com has added support for trading the $SUI token on its platform, allowing users to buy, sell, and hold the asset directly from their Blockchain.com trading accounts. The integration, announced earlier this week, marks the latest expansion of the exchange’s altcoin offerings and provides increased liquidity access for $SUI holders. What This Means for Traders Blockchain.com users can now trade $SUI alongside other supported cryptocurrencies, including Bitcoin, Ethereum, and a growing list of altcoins. The move brings $SUI to a platform with over 37 million verified users across 200 countries, potentially broadening the token’s retail investor base.…