Author: NBTC

The long-term value of decentralized finance (DeFi) depends on its ability to transform the back-office operations of global banking institutions rather than providing alternative trading environments, according to asset management and banking executives. Speaking on a panel at the Proof of Talk conference in Paris, the executives said legacy financial institutions are eager to adopt blockchain technology, but that’s unlikely to occur given the weaknesses in onchain security, especially in bridges that link different blockchains. In April, breaches were reported in 27 out of 30 days, prompting CertiK CEO Ronghui Gu to describe it as DeFi’s worst month in four…

Drip.Trade, the non-fungible token ($NFT) exchange built on the Hyperliquid blockchain platform, has announced it will cease operations at 2:00 p.m. UTC on June 15. The development marks the end of a platform that served a niche community of digital collectors and traders within the Hyperliquid ecosystem. Shutdown Timeline and User Instructions In an official statement, the Drip.Trade team urged all users to take immediate action before the deadline. Key steps include withdrawing any remaining funds, closing open positions, and exporting or saving important transaction data. The team emphasized that after June 15, access to the platform and its services…

On Thursday, Ethereum’s price briefly dropped below $2000 for the first time since late March. In doing so, the king altcoin effectively erased all its Q2 gains. At the time of writing, it was down 19% from its April peak of nearly $2.5K. This week alone, the altcoin has shed 6% of its value. Should it lose the Q2 support zone of $2K, short sellers could push it lower to $1.8K—the range low of the 2026 sideways structure. The pullback mirrored a broader macro-driven correction that also dragged Bitcoin lower. However, according to Nansen, $ETH’s weakness showed a “deeper problem.”…

Japanese listed financial information provider Fisco has announced its complete withdrawal from the cryptocurrency and blockchain business. The company will cease all promotional activities for its native token, FiscoCoin (FSCC), and has canceled a previously planned token burn. This marks a significant retreat for a firm that first entered the digital asset space in 2016. A Strategic Reversal Fisco stated it will no longer pursue any activities aimed at increasing the value or expanding the utility of FSCC. The decision represents a full reversal of the company’s earlier ambitions in the crypto sector, which included operating a trading platform and…

ZachXBT warned that the recently trending $LAB token is showing signs of insider trading. He claims the project team uses $LAB centralized listings to sway the price. The $LAB project promised new platforms for multi-chain trading, recently introducing prediction markets as well. $LAB native tokens launched in late 2025 and traded sideways for months. In the past week, $LAB broke out of its usual range below $1 and rose to new all-time highs above $4.65. $LAB lined up among trending tokens, with over 537% in weekly gains. The project has not made any new announcements, so the rapid expansion is…

The US Securities and Exchange Commission (SEC) has elevated digital assets to a strategic priority, calling for regulatory clarity around blockchain technology, tokenization and crypto market infrastructure through 2030. The shift was outlined in the agency’s draft Strategic Plan for fiscal years 2026–2030, published Tuesday. Alongside broader goals focused on capital formation, investor protection and agency modernization, the SEC dedicated an entire objective to digital assets and distributed ledger technology. The agency said it aims to “provide a firm regulatory foundation for digital assets and distributed ledger technologies through a rational, coherent, and principled approach,” adding: “Blockchain and crypto asset…

KuCoin has ranked among the top three centralized exchanges for $BTC spot market depth, according to the latest report from TokenInsight. The study highlighted the exchange’s strong liquidity performance across both spot and futures markets, placing it alongside some of the industry’s largest trading venues. KuCoin Places Top 3 in $BTC Spot Market Depth The report evaluated eight major crypto exchanges using several market-quality indicators. These include order-book depth, bid-ask spreads, and slippage across $BTC and $ETH spot and futures markets, as well as gold and silver futures products. According to the findings, KuCoin ranked within the industry’s top tier…

After he was officially backed by US President Donald Trump during his first term, Jerome Powell was sworn in as Chairman of the Federal Reserve on February 5, 2018. He spent the next eight years and 100+ days as head of the financial institution, but experienced a massive fallout with Trump that led to countless public ridicules. Kevin Maxwell Warsh is Trump’s new pick, who officially stepped in as the Fed Chair on May 22. The 56-year-old financier and attorney is believed to be the first bitcoin supporter to take this role, which prompted many crypto insiders to speculate that…

Raiku, a reservation model for the renowned Solana blockspace, has announced the launch of $rkuSOL. $rkuSOL is launching as the earliest liquid staking token of Solana. As Raiku revealed in its official press release, it is launching $rkuSOL in partnership with Exponent, Loopscale, Sanctum, and Kamino. The new project benefits validators with a unique revenue stream beyond conventional staking yields. Raiku’s First Solana Liquid Staking Token ‘$rkuSOL’ Boosts Validator Revenue with JIT and AOT Auctions Raiku’s $rkuSOL is going live in partnership with Exponent, Loopscale, Sanctum, and Kamino, letting validators generate extra revenue by selling blockspace. In this respect, the…

On-chain data shows large wallets on the Ethereum network have continued to accumulate despite the price decline that the asset has faced. Ethereum Holders With At Least 100,000 $ETH Now Control 22% Of Supply According to data from on-chain analytics firm Santiment, the Ethereum investors owning at least 100,000 $ETH have been accumulating recently. At the current exchange rate, this 100,000 $ETH cutoff converts to nearly $200 million, so the only holders that would qualify for the cohort would be the big-money ones. In fact, the sums held by members of this group are so significant that they would be…