Author: NBTC

Pyth Network, a widely used oracle solution in decentralized finance, suffered a system failure that took its core price and advertising feeds offline for more than four hours, according to a report by Wu Blockchain. The incident affected Pythnet and Hermes systems, two critical components responsible for delivering real-time market data to DeFi applications. What Caused the Outage? The project team confirmed that validators had identified the root cause of the failure and were coordinating on a timeline to resume normal operations. As of now, no detailed post-mortem has been released, but the team has communicated with the community through…

The recent streak of outflows from US-based spot Bitcoin ETFs, totaling more than $1 billion over the past trading week, suggests a potential buying opportunity for the world’s largest cryptocurrency, according to crypto sentiment platform Santiment. “Santiment’s analysts read these flows as a counter-indicator, since ETFs disproportionately reflect retail conviction rather than smart money positioning,” Santiment said in a report on Friday. Santiment said retail investors were losing patience after Bitcoin (BTC) failed to hold above $80,000 in May. Bitcoin is trading at $75,410 at the time of publication, after reaching as high as $79,052 on May 16, according to…

Ethereum is still holding its long term support structure, even as price remains far below its old high zone near $4,800 to $5,000. The charts show that $ETH needs a weekly breakout first, but the macro setup has not turned into a full bearish breakdown yet. Ethereum Holds Rising Support as Chart Points to $10K Target Ethereum is trading near a long-term rising support line on the weekly chart, while the setup shared by Rendoshi AI points to a possible recovery path toward the previous resistance area and then higher levels. The chart shows $ETH still holding above the major…

China has denied claims that it is discouraging local tech companies from taking foreign investment, despite continued withdrawals by international investors from major sectors. Li Chao, a National Development and Reform Commission official, stated on May 22 that the government has never instructed Chinese IT companies to steer clear of foreign funding. He continued by saying that China is in favor of international collaboration and intends to continue opening its economy to foreign companies and investment. Meta deal blocked amid security concerns According to reports, Chinese regulators had discreetly instructed local tech companies to refuse US money unless they first…

The $NEAR token jumped 30% to an intraday high of $2.25, marking a 70% increase since the start of May and briefly pushing its market capitalization past $2.9 billion. Key Takeaways: $NEAR token jumped 30% to hit an intraday high of $2.25 following a public services partnership with Bermuda. The Bitwise $NEAR Staking ETP recently saw a $3 million inflow, pushing total assets under management to $36 million. Near Protocol plans to deploy a dynamic resharding upgrade in June to scale infrastructure for AI agents. $NEAR Token Surges Past $2 $NEAR, the token of the artificial intelligence-native protocol Near, surged…

The AFL-CIO is trying to recast the Senate CLARITY Act from a fight over banks, stablecoin rewards, and crypto market structure into a fight over workers’ retirement money. The AFL-CIO is the American Federation of Labor and Congress of Industrial Organizations, the largest federation of labor unions in the United States, representing millions of workers across dozens of unions. In a May 11 letter to senators, the labor federation urged lawmakers to oppose the Senate version of the House’s Digital Asset Market Clarity Act. The group warned that the bill could push digital assets into pension plans, retirement accounts, and…

BitGo, one of the larger digital asset custody providers in the institutional space, is rolling out Lightning Network capabilities through a partnership with Voltage, a company that specializes in Lightning infrastructure. The move gives BitGo’s institutional clients the ability to send and receive Bitcoin payments at a fraction of the cost and time associated with standard on-chain transactions. What the partnership actually does Voltage handles the heavy lifting of Lightning infrastructure: node management, channel operations, and liquidity provisioning. The result is a Crypto-as-a-Service platform that lets enterprises plug Lightning payments into their existing workflows through APIs for wallet management, payments,…

Walrus, the decentralized storage protocol built on the Sui blockchain, just launched something designed to fix that. The MemWal SDK is a developer toolkit that gives AI agents persistent, encrypted memory stored on Walrus’s decentralized infrastructure, complete with semantic search so agents can actually retrieve what they’ve learned. What MemWal actually does The SDK stores encrypted memories on the Walrus network and layers semantic search retrieval on top. That means agents don’t just dump information into a blob of text. They can query their own memory intelligently, pulling up relevant context based on meaning rather than exact keyword matches. Abinhav…

Bitcoin’s price troubles seem to have no end currently, as the asset just posted yet another leg down that drove it to a monthly low of just over $74,000. This comes as popular analyst CW claimed that retail investors have been disposing of their assets, while whales have set up buy orders that can absorb the pressure. Bearish Market Structure Returns After losing $8,000 in just over a week, many analysts have turned the page on their price analysis. Jelle, for example, warned that $BTC has dropped below both the 100D and 50D Moving Averages as the local market structure…

Ethereum has been struggling to stay above the $ 2,200 level over the past few days and now risks dropping below $2,100. Institutional and retail demand have been declining over the past few days, suggesting that investors lack confidence in Ethereum at the moment. The momentum indicators also paint a neutral picture, with the $2,067 support level likely to come into play soon. Institutional demand continues to decline Ethereum has been underperforming since the start of the week, thanks to declining institutional demand. According to CoinGlass’s ETF page, Ethereum exchange-traded funds (ETFs) recorded an outflow of $32.4 million on Thursday,…