Author: NBTC

The White House says it supports a congressional resolution that aims to repeal the so-called “Broker DeFi Rule,” a regulation that critics say unfairly targets the cryptocurrency industry and decentralized finance (DeFi) platforms. White House cryptocurrency and artificial intelligence chief David Sacks has confirmed that the administration supports the Congressional Review Act (CRA) resolution introduced by Senator Ted Cruz and Representative Mike Carey. The measure, known as SJ Res. 3, seeks to repeal an Internal Revenue Service (IRS) rule issued on December 30, 2024, that expanded the definition of “intermediary” to include software that processes DeFi transactions. The rule requires…

ABU DHABI — In just one month, Kaia-powered Mini Dapps on LINE Messenger have taken Asia by storm, attracting over 35 million users and generating $2 million in in-app sales.— Launched on January 22, these Mini Dapps have rapidly gained traction, primarily in Japan, Taiwan, Thailand, and Korea. With an impressive average revenue per paying user (ARPPU) of $39 and a 13% paying user rate (PUR), the adoption rate highlights the massive market potential for Web3 applications in Asia.Kaia Chain Sees Record GrowthThe success of Mini Dapps has fueled a surge in Kaia’s blockchain activity. Since the launch of the…

Uniswap Labs’ decision to launch Unichain, its Layer-2 (L2) network, without extensive consultation with the Uniswap DAO has sparked significant controversy within the DeFi community. Critics argue that this move raises serious concerns about transparency, centralization, and the broader impact on Uniswap’s ecosystem. Uniswap Labs and Uniswap Foundation Under Fire The launch of Unichain has highlighted governance concerns for the Uniswap ecosystem. Community members and delegates expressed frustration over the lack of input from UNI token holders. Notably, DeFi analyst Ignas pointed out that Uniswap Foundation recently approved a $165.5 million funding proposal to support Unichain’s development and incentivize liquidity…

DoubleZero Foundation, a startup building a “new internet” to improve blockchain performance, raised $28 million at a $400 million valuation, according to three people familiar with the matter, and is now searching for “strategic partners” to invest more at $600 million. Dragonfly and Multicoin Capital lead the initial funding round, two of the people said. The subsequent strategic round hasn’t yet closed, said one insider. Venture capital firms have been jockeying hard for whatever allocation they could get, another said. DoubleZero declined to comment. Nabbing such a lofty valuation in an early round is uncommon but not unheard of for…

The cryptocurrency market will see $324.70 million in token unlocks over the next seven days, with Sui (SUI) leading the cliff unlocks at $203.49 million. According to data from Tokenomist, this week’s token unlocks include both cliff and linear releases, with Solana (SOL) continuing to head linear unlocks at $10.56 million per day. SUI leads cliff token unlocks SUI is leading this week with $203.49 million worth of tokens scheduled for release. This makes up 2.0% of its total supply. SUI has already unlocked 30.7% of its total token supply. Crypto token unlocks scheduled for this week. Source: Tokenomist. Other…

Efforts to resolve Do Kwon’s court case have been delayed by a month after the US government claimed that Do’s defense will need more time to review an extra four terabytes of evidence. A status conference — a meeting of lawyers from both sides to discuss the current status of the case and any possible resolution — was scheduled for March 10. However, the New York District Court adjourned it to April 10 yesterday following a written request from the US government. The court agreed with the US and said it would delay the conference “to enable the defense to…

Today, hundreds of millions of people own bitcoin and other tokens hosted on blockchains worth trillions of dollars. Increasingly, though, blockchains host far more than tokens. In fact, blockchains are our future tech stack, and they can host sophisticated Web apps too, which live fully-onchain, just like tokens. These apps are implemented entirely from network-resident code (i.e. smart contract software and its evolutions). This has huge potential: by the end of 2025, more than 5 billion people will own internet-connected smartphones with Web browsers. So what might drive them to create and use fully-onchain web apps, which can sport seamless…

Bitcoin has crashed below the $90K support today, reaching fresh lows at $88,000. Will the BTC dip continue, or is a rebound likely from here? After a massive overnight crash, the crypto market has seen $881 million in liquidations, with Bitcoin alone suffering $272 million in liquidations and Ethereum nearing $200 million. Long-position liquidations total $809.24 million, while short liquidations amount to $72.04 million. Following the crash, Bitcoin hit a new 30-day low of $88,600. With a massive supply wave, is Bitcoin destined to fall below the $85,000 mark? Let’s explore. Bitcoin Hits $88,600: What’s Next? In the 4-hour price…

Bitcoin staking platform Solv Protocol has entered a strategic partnership with Soneium, the Ethereum layer 2 blockchain backed by Japan’s Sony Group, expanding BTC staking to the network. Announced on Mar. 6 on Solv Protocol’s official Medium page, this partnership aims to bridge Bitcoin (BTC) and Ethereum’s (ETH) expanding decentralized finance ecosystems. Through this integration, SolvBTC holders can stake their assets, earn rewards, and access cross-chain liquidity within the Soneium ecosystem. SolvBTC is a token that is 1:1 backed by Bitcoin, earned when users deposit Bitcoin into Solv Protocol. Furthermore, SolvBTC Liquid Staking Tokens, SolvBTC.LSTs, will make advanced yield strategies…

President Donald Trump’s administration has officially started executing plans for its federal crypto strategic reserve, and step one is figuring out exactly how much crypto the US government already owns, according to a report from the Journal. A month into a six-month planning phase, Trump’s interagency working group is reportedly doing a full audit of existing crypto holdings, which include assets seized from criminals. Trump first floated the idea of a government-backed crypto stockpile last summer during his campaign, and in January, he signed an executive order to begin laying the foundation. Bo Hines, executive director of the working group,…