Author: NBTC

Lighter, one of the largest decentralized perpetuals exchanges by trading volume, said it will start permanently burning the $LIT tokens it buys back with exchange revenue and will fund staking rewards from its ecosystem token reserve. Lighter has bought back about 15.5 million $LIT — roughly 6.3% of circulating supply — using exchange revenue since its token generation event, the company said in an X post Tuesday. Those tokens will now be withdrawn from the exchange and sent to a burn address on Ethereum mainnet, with the first burn set for the weeks after the end of the second quarter.…

South Korea’s financial watchdog has referred two suspected crypto market manipulation cases to prosecutors as it expands enforcement against unfair trading. South Korea FSC refers two crypto cases The Financial Services Commission said it approved the referral of suspects in two virtual asset market manipulation cases at its 12th regular meeting on July 1. The cases involve alleged trading tactics that regulators say distorted prices and drew retail investors into risky trades. The first case centers on a large crypto holder, often called a whale, who allegedly used large funds over about two months to control the price of a…

Read the recent headlines about trading platform Robinhood’s c-suite departure and layoffs, or BitGo’s 15% workforce reduction, and you’ll see that things are looking grim in the world of crypto investing. One outlet reports that Robinhood’s recent decision to reduce its headcount is occurring amid a “crypto revenue crunch.” Another called the current crypto season a “slump.” For investors, understanding the correlation between tech layoffs and crypto market performance is valuable. In this case, the lesson to be learned is that Robinhood’s layoffs aren’t influencing the market, but revealing where we are in the market cycle. Based on declining trading…

In brief Forward Industries added more than 500,000 $SOL during its fiscal Q3. The firm now holds around 7.55 million $SOL, worth around $573 million as Solana trades above $76 on Wednesday. Shares in the firm have jumped double digits percentage points shortly after market open on Wednesday. Shares in leading Solana treasury firm Forward Industries have jumped nearly 17% to trade at $4.94 after the firm announced it acquired more than $38 million worth of Solana during its fiscal third quarter. The firm bolstered its treasury with more than 500,000 $SOL at an average price around $79 and now…

A Shanghai court sentenced five people to prison over an illegal foreign exchange network that used crypto to move more than $29.4 million abroad. A Shanghai court sentenced five Chinese individuals to prison terms ranging from two and a half years to six years in a crypto-linked foreign exchange case. According to a post by the Shanghai Jing’an District People’s Procuratorate, authorities arrested nine people in the case. The five defendants also received fines ranging from 300,000 yuan, or about $44,150, to 1.5 million yuan, or about $220,780. Prosecutors said the group helped domestic clients transfer more than 200 million…

Binance continues to expand its futures trading product lineup. According to an official announcement from the exchange, the Binance Futures platform will today make eight new $USDT-margined TradFi perpetual futures contracts available to users. All of these products will offer investors leverage of up to 25x. According to the announcement, Binance Futures will gradually list new contracts at different times starting July 2, 2026. First, the Strategy Inc. (STRC) $USDT perpetual futures contract will be launched. This will be followed by Caterpillar (CAT), Texas Instruments (TXN), Flex Ltd. (FLEX), Teradyne (TER), Take-Two Interactive (TTWO), KraneShares SSE STAR Market 50 Index…

“Historically, sustained transitions from net distribution to net accumulation have often emerged during periods of market weakness, as long-term investors gradually increase their holdings while shorter-term participants de-risk,” Glassnode said in its latest report. Small wallets lead dip-buying The signal gets more interesting when looking at the broader accumulation picture with the help of Glassnode’s Accumulation Trend Score. This indicator measures buying behavior across wallet sizes on a rolling 30-day basis on a scale from 0 to 1, and has shifted meaningfully higher over the past month, suggesting broad-based bargain hunting. The strongest accumulation is currently showing up among the…

The artificial intelligence investment boom continues to reshape the technology industry, but fresh market data suggests the financial burden has started to outweigh immediate rewards. Technology giants continue pouring billions into AI infrastructure, data centers, and advanced chips while free cash flow weakens across the sector. At the same time, semiconductor manufacturers have captured an increasing share of industry profits, reversing a long-standing trend. Investors now face growing questions about whether soaring AI-related spending can continue without pressuring corporate earnings, especially as semiconductor valuations reach historically stretched levels and retail participation accelerates. AI Infrastructure Costs Pressure Hyperscaler Cash Flow According…

$XRP News Ripple released exactly 1 billion $XRP from escrow on July 1, a scheduled monthly unlock valued at roughly $1.04 billion at current prices. On-chain data shows the transfers arrived early in the day across three separate tranches, executed under the cryptographically enforced release schedule that has governed the token’s supply since 2017. The move lands as $XRP, the third-largest altcoin by market value, works through a bruising stretch, with the token trading near $1.04. For holders, the recurring escrow event has become a monthly stress test of sentiment, watched less for the unlock itself than for what Ripple…

Sarah Breeden, the Bank of England’s deputy governor for financial stability, has warned that autonomous AI systems pose a growing threat to financial markets, cybersecurity, and payment infrastructure, urging central banks worldwide to look into better regulations for the sector. Speaking at the European Central Bank’s annual forum in Sintra, Portugal, Breeden explained that agentic AI is advancing faster than regulators anticipated. According to her remarks, in 2019 the length of software tasks that leading AI models could complete was doubling every seven months. However, by 2024, the doubling was happening every four months. Breakthroughs in cyber vulnerability detection this…