Author: NBTC

As part of efforts to scale AI models and consequently enhance DeFi user experiences, SumPlus, an AI-powered Web3 protocol, today entered into a strategic partnership with Cottonia.AI, an AI-native distributed cloud acceleration infrastructure. Using this collaboration, SumPlus aims to improve the scalability of its AI agents effectively by leveraging Cottonia’s AI distributed cloud computing technology. SumPlus is an AI-powered decentralized platform that allows users to take advantage of agents to manage DeFi tokens, analyze market conditions, and oversee overall DeFi activities. The AI-driven DeFi protocol, which is built on the Sui blockchain, enables users to enjoy the convenience of agents…

$ETH is going through another open interest crunch, as traders closed over $2B in futures positions. $ETH held above $2,300, but lower trading activity may signal a loss of momentum. $ETH open interest fell to $12.4B, according to Coinglass. In the past week, traders closed positions valued at $2B, in an ongoing stagnation for $ETH derivative trading. According to Coinalyze data, $ETH is also going through a period of negative funding, with 34% of open interest in short positions. The largest negative funding rate is on Binance, expected to reach 0.0058%, signaling a concentration of traders with a bearish outlook…

South Africa’s proposed capital flow management regulations 2026 introduce strict new requirements for travelers entering or leaving South Africa with cryptocurrency. Key Takeaways South African Treasury draft rules require visitors to declare crypto or face up to 5 years in prison. New 2026 capital flow laws grant officials invasive powers to search devices for Bitcoin or other coins. Stakeholders must submit feedback to South African authorities by June 10, 2026, before final enactment. Digital Assets Reclassified as Capital Traveling to South Africa with a digital wallet could soon involve more than just a quick pass through customs. Under the newly…

Prediction markets are betting that Hormuz will stay choked for longer, even after Washington and Tehran extended their ceasefire. Traders on Kalshi moved the odds lower for a quick return to normal shipping after both sides said very little about the one thing the market actually cares about: whether Iran will reopen the strait and whether the U.S. will stop blocking it with naval force. On Kalshi, bettors give Hormuz normal traffic just a 42% chance by June 1. The odds improve to 59% by July 1 and 61% by Aug. 1. Polymarket paints a similar picture. Bettors there give…

Amid the catastrophic situation in the DeFi sector, major protocols are coming together to reduce the damage caused by the Kelp DAO security breach. On April 23, the Mantle Network came forward with a formal proposal to provide a loan facility to a coordinated relief program that is being announced by Aave. Following this week’s rsETH incident involving @KelpDAO and @LayerZero_Core, a proposal has been put forward for Mantle to contribute a loan facility to @aave‘s coordinated relief effort. The loan would form part of a wider coordinated framework, structured to minimize… — Mantle (@Mantle_Official) April 24, 2026 This project…

Ethereum entered a fourth straight bullish week, turning a previous technical setback into a measured rebound. The move followed a rejection near the 23.6% Fibonacci level around $2,228, which had triggered an 18% fall to about $1,937. That decline, however, later became the launch point for the current advance, as weekly price action reclaimed the same Fibonacci zone. At press time, $ETH traded near $2,320, up more than 2% in 24 hours, over 7% on the month, and about 48% year over year. $ETH Reclaims Key Fib Level as 4-Week Recovery Gains Strength The weekly setup now shows Ethereum back…

The crypto-aligned Fellowship political action committee (PAC), led by stablecoin issuer Tether’s head of government affairs, reported spending more than $3 million on advertising related to US Senate races, with the majority going toward to support a Texas Republican candidate. In a Tuesday filing with the US Federal Election Commission (FEC), Fellowship PAC disclosed that it had spent $1.75 million in support of Texas Attorney General Ken Paxton. The Republican is facing off against incumbent Senator John Cornyn in a May 26 runoff to determine who will become the party’s candidate for the 2026 US Senate race. Fellowship PAC expenditure…

1inch, a leading decentralized exchange (DEX) aggregator, has partnered with security firm Certora to enhance cross-chain swap security. This collaboration marks a significant step in protecting users from potential risks during multi-chain transactions. 1inch Certora Partnership: A New Era for Cross-Chain Swap Security On March 15, 2025, 1inch announced a strategic partnership with Certora, a renowned blockchain security firm. The collaboration focuses on auditing the protocol’s structure, incentives, and execution timing. This move aims to identify potential risks of delays or malfunctions in a live environment. Cross-chain swaps allow users to exchange tokens across different blockchains. However, these transactions face…

A massive transfer of 299,909,990 $USDT has moved from an unknown wallet to the Ethena protocol. Whale Alert, a blockchain tracking service, first reported this transaction. The transfer involves nearly $300 million in stablecoins. This event has captured the attention of the crypto community. Many analysts now watch for potential market impacts. Understanding the 299,909,990 $USDT Transfer to Ethena This transaction represents one of the largest single stablecoin movements in recent weeks. The sending wallet remains unidentified. The receiving address belongs to Ethena, a decentralized finance (DeFi) protocol. Ethena specializes in synthetic dollar infrastructure. It uses delta-neutral strategies to maintain…

The U.S. Department of Justice arrested a Master Sergeant with the Army on allegations he placed wagers on the raid of Nicolas Maduro ahead of participating in the operation to detain former Venezuelan leader. The DOJ unsealed an indictment Thursday charging Gannon Ken Van Dyke with the unlawful use of confidential government information for personal gain, theft of nonpublic government information and fraud charges, alleging he used his knowledge of the forthcoming raid on Venezuela to place $33,000 in bets, winning about $400,000 after the raid. “The defendant allegedly violated the trust placed in him by the United States Government…