Author: NBTC

Bitcoin’s price has gained nearly 2.7% today, slowly recovering from the Strategy’s $216 million Bitcoin sale earlier this week.As of now, $BTC is trading above last week’s high and nearing the key $65,543 resistance level. Popular crypto trader Michael van de Poppe believes Bitcoin is gaining strength and doesn’t expect the market to fall from here. Here’s why. Bitcoin Recorded A Strong Recovery The largest cryptocurrency, Bitcoin, has finally moved back above last week’s price high, and is now trading around $64,410. Popular crypto analyst Michael van de Poppe believes the recent price action shows growing strength. “There’s more strength…

Morpho has solidified its position as the top DeFi lending venue by $USDC deposits, according to a recent tweet from Token Terminal. With approximately $2.8 billion in $USDC currently deposited, this notable milestone marks a significant achievement for the platform and its users, as detailed in their official tweet. The Key Development The recent announcement highlights Morpho’s ascendance in the DeFi lending landscape, showcasing its ability to attract substantial $USDC deposits. This figure, around $2.8 billion, indicates a growing trust in Morpho as a lending platform amid fluctuating crypto market conditions. As the broader market exhibits mixed signals, Morpho’s strong…

The U.S.-blocked company plans to use the proceeds to upgrade production lines and technology after posting explosive growth, including first-quarter revenue of 50.8 billion yuan, up 700% year-on-year. Reuters estimates CXMT held around 7.7% of the global DRAM market last year. These deals follow SpaceX (SPCX) and Cerebras (CBRS), two AI-related listings that have fueled enthusiasm across semiconductor and memory stocks. Together they reinforce a broader theme: investors are allocating fresh capital to companies building the infrastructure behind artificial intelligence rather than to crypto assets. Bitcoin BTC$62,838.34 has fallen roughly 50% from its October all-time high to around $63,000, as…

Ripple released roughly $1 billion worth of $XRP from its escrow this week, an amount large enough to catch the attention of traders watching the token’s price action closely. Asked how to interpret the timing, given $XRP’s recent price weakness, one analyst pushed back on the idea that the unlock signals anything unusual. “This is just the standard playbook for Ripple. We’ve seen this for years,” the analyst said, describing it as part of a broader redistribution of $XRP into the hands of people who will actually use the underlying technology. Ripple unlocks roughly 1 billion $XRP tokens from its…

The Dubai Financial Services Authority (DFSA) proposed a broad rewrite of its investment fund rules today (Tuesday), opening a consultation that would change how private funds are classified and ease licensing for managers. The regulator, which supervises firms in the Dubai International Financial Centre (DIFC), called it the most significant review of its funds framework since 2010. The consultation, labeled CP 173, arrives as the DIFC’s wealth and asset management sector has expanded quickly, with the center reporting a 321-firm industry overseeing roughly $176 billion at the end of 2025. The DFSA framed the package as an effort to match…

Wall Street banks are restricting employee trading on prediction market platforms due to fears that they may use nonpublic information to trade event contracts. Goldman Sachs has reportedly banned its employees from trading on event contracts that are specific to the bank, including financial markets, macroeconomic events, elections and geopolitics, CNBC reported, citing people familiar with the matter. Unnamed sources from Morgan Stanley also told CNBC that the bank has policies regarding prediction market trading by employees, while a spokesperson for Bank of America said the bank was in the process of issuing new prohibitive measures for employees on prediction…

0G announced a collaboration with Alibaba Cloud to make Qwen models directly accessible to AI agents through blockchain infrastructure. The integration uses token-based access so agents can invoke Qwen without account setup, fiat billing or manual configuration. 0G frames the stack as Qwen powering intelligence and 0G providing verification, with developers able to build agents for language understanding, decisions and multi-step workflows across agentic AI applications globally. 0G has announced a collaboration with Alibaba Cloud to bring Alibaba’s Qwen large language models onchain, giving AI agents direct access to a major model family through blockchain infrastructure. The June 3 announcement…

Nasdaq-listed company Empery Digital has sold a large chunk of its Bitcoin holdings to raise cash, according to a filing with the US Securities and Exchange Commission. At the time of writing, Bitcoin price is up by more than 2.20% and is trading slightly below the $64,000 mark. What happened Empery Digital sold 1,400 Bitcoin since May at an average price of $62,200 each. That sale brought in about $87.1 million. The company said the money is being used for three things. First, the company put $10 million of the proceeds toward debt repayment on July 7 now. Second, some…

Compound Labs has officially launched Compound III, following a successful COMP Governance proposal. This new version emphasizes security, capital efficiency, and enhanced user experience, which could significantly impact the DeFi space. For more details, check the official announcement here. The Key Development In a notable development for decentralized finance, Compound III is now operational, marking a pivotal step forward for the protocol. This upgrade focuses on delivering a more secure and efficient platform for borrowers, promising to streamline user interactions. The broader crypto market shows mixed signals, yet the enthusiasm around Compound III, with its emphasis on user experience, could…

Sui was built from scratch because its engineering team, most of whom worked on Meta’s Diem project, needed a data model and a programming language that no existing blockchain offered. Forking Ethereum or Solana would have meant inheriting an account-based ledger that processes transactions one after another. That structure could not deliver the sub-second finality and parallel execution the team was aiming for. Why Didn’t Mysten Labs Just Fork Ethereum or Solana? Sui’s founders, working under Mysten Labs, came out of Meta’s Diem (formerly Libra) project. When Diem was shut down by regulators in 2022, the team kept two things:…