Author: NBTC

At least five crypto companies have shuttered this week as a prolonged downturn in the crypto market has put downward pressure on user activity and investor funding. Crypto trading card platform Fantasy.top, cross-blockchain infrastructure company Everclear, and Ethereum layer-2 blockchain ZERO Network all announced Thursday that they were winding down, with their products failing to find the right fit in the market or sustain enough revenue. This came the same week Ethereum infrastructure firm Syndicate Labs announced it was winding down after five years in a shrinking rollup market, and crypto ATM company Bitcoin Depot filed for bankruptcy in the…

Nexpace, the Web3 intellectual property expansion initiative for the popular MapleStory Universe (MSU), has announced a $10 million buyback program for its native token, $NXPC. The project team revealed the initiative on X, stating that the buyback is designed to bolster the long-term stability and sustainability of the $NXPC ecosystem. Details of the Buyback Program The buyback program will be executed on global cryptocurrency platforms over the next three months, with purchases occurring in stages. This structured approach is intended to minimize market disruption while supporting the token’s value. The Nexpace team has also confirmed that it has already burned…

Former Silvergate Bank chief risk officer Kate Fraher has publicly challenged the circumstances surrounding her 2024 settlement with the U.S. Securities and Exchange Commission, arguing that regulators never proved the bank’s anti-money laundering controls had failed. In comments published Wednesday, Fraher said she agreed to settle with the SEC to avoid what she described as a “multi-year battle” with the regulator after the agency accused Silvergate executives of misleading investors about the bank’s Bank Secrecy Act and anti-money laundering compliance procedures tied to crypto clients such as FTX. Her remarks came days after the SEC, under Chair Paul Atkins, rescinded…

Perpetuals.com, led by former FTX Europe executive Patrick Gruhn, rolled out UpsideOnly, a new AI-powered trading and market prediction platform that allows users to make predictions across equities, crypto, commodities, and forex markets without risking any of their own capital, the firm said Tuesday. The company deploys its own funds to execute trades based on user-generated signals and shares profits when those trades succeed. The model is a structural departure from conventional retail trading, where participants collectively lose more than $12 billion annually, the team stated. On UpsideOnly, users submit directional predictions on global markets but never place actual trades.…

Asset management company VanEck has published a new report that provides an in-depth analysis of Bitcoin (BTC). The report states that the recent rise in Bitcoin was driven by spot market purchases rather than leverage, while the mining sector experienced its longest and deepest hashrate decline to date. According to the report, Bitcoin rose approximately 11.8% in the last 30 days, reaching $78,272. However, the flat trend in options open positions and the 51% drop in put premiums indicate that the rally was primarily driven by spot buying. VanEck analysts stated that demand for downward hedging in the options market…

In brief Bank of America reiterates “buy” on Nvidia and lifts its target to $350 after record Q1 revenue of $81.6 billion. BofA sees the AI market topping $3 trillion by 2030, plus a $200 billion CPU opportunity and $145 billion in customer commitments. BofA says Nvidia’s biggest risk is its sheer size: The stock now accounts for 8.3% of the S&P 500. Nvidia just delivered the biggest revenue quarter in its history. The stock fell anyway. That’s become a pattern—the chipmaker has declined after three of its last four earnings calls, even as the numbers keep getting bigger. Bank…

A remarkable achievement has been registered in the cryptocurrency domain as TRON’s blockchain has crossed an astronomical $27 trillion in total transfer volume, according to data published by TRONSCAN. This milestone accentuates the burgeoning growth in both user numbers and transaction volume, signifying TRON’s increasing prominence in the global digital asset market. What’s Driving TRON’s Record-Breaking Volume? The surpassing of the $27 trillion mark in transfer volume is a testament to the significant progress within the cryptocurrency space. Insights from TRONSCAN reveal that TRON’s network has been instrumental in facilitating a massive flow of funds since its inception. This growth…

An in-depth investigation into insider trading by Bubblemaps analysts reveal how accurate bets on U.S. attacks on Iran were, exposing a trend that experts fear poses immense risks to the United States’ national security. In an interview with CoinDesk, Nicolas Vaiman, Bubblemaps co-founder and CEO, expressed deep concern over the national security implications of this new alleged wave of insider trading. He warned that if those observing the predictions markets can spot irregular trades, so can enemies of the United States. “The issue here is they can make war plans accordingly,” Vaiman said. “Just to put it bluntly, this could…

Bitget Wallet has integrated xStocks, adding more than 130 tokenized equities products as the self-custodial wallet expands its real-world asset offering to more than 300 assets. The integration gives Bitget Wallet’s more than 90 million users access to tokenized stocks, ETFs, commodities, precious metals, and index-linked assets through the same mobile interface they use for crypto trading. xStocks provides tokenized exposure to major US equities and ETFs, with its products described as 1:1 backed by the underlying securities. The platform has emerged as one of the largest tokenized equity networks, with reported transaction volume surpassing $30 billion after crossing $25…

Bitcoin is stuck. It has been trading between $76,000 and $82,000 for weeks with no clean breakout in either direction. Most investors are watching the range with frustration. Analyst Michaël van de Poppe said, “That range brings the ultimate opportunity for altcoins to thrive,” van de Poppe said. “That’s what we start to see.” What Is Actually Happening in Altcoins While Bitcoin consolidates, something is quietly shifting in the altcoin market. The strongest performers from before the crash are reclaiming momentum. A concentrated run is underway among select assets rather than the broad simultaneous pumping that characterises later-stage bull market…