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Upbit delisting puts fresh pressure on NKN token

Upbit will end trading support for NKN on June 15, removing the NKN/BTC pair from its platform. Upbit will end NKN/BTC trading on June 15, giving users until July 16 to withdraw funds.NKN trades near $0.0075 with market capitalization around $6 million, according to CoinGecko today data.The delisting adds pressure on a token already down about 99.5% from its all-time high.　　Wu Blockchain reported the notice on May 14, citing Upbits official announcement.　　Users must withdraw their NKN by July 16. After that deadline, withdrawals may no longer be processed. The move gives holders about one month after trading ends to move tokens to another exchange or a private wallet.　　NKN trades near $0.0075　　CoinGecko showed NKN trading at $0.007546 at press time, down 3.4% over 24 hours. The tokens 24-hour range was between $0.007238 and $0.007891.　　The token had a market cap of about $6.04 million and a fully diluted valuation near the same level. CoinGecko also showed 24-hour trading volume of about $175,453 and a circulating supply of roughly 800.25 million NKN.　　Notably, NKN remains far below its peak. CoinGecko lists its all-time high at $1.44 from April 2021, meaning the token is down about 99.5% from that level.　　The Upbit delisting may reduce access

05-14

Jane Street Cuts Bitcoin ETFs By 71%: Why This Could Be Bullish

Bitcoin　　Jane Street Cuts Bitcoin ETFs By 71%: Why This Could Be Bullish　　Jake Simmons, a dedicated crypto journalist, has been passionate about Bitcoin since 2016 when he first learned about it. Through his extensive work with NewsBTC.com and Bitcoinist.com, Jake has become a trusted voice in the crypto community, guiding newcomers and seasoned enthusiasts alike towards a deeper understanding of this dynamic field.　　His mission is simple yet profound: to demystify Bitcoin and cryptocurrencies and make them accessible to everyone.　　With a professional career in the Bitcoin and crypto scene that began right after graduating with a degree in Information Systems in 2017, Jake has immersed himself in the industry. Jake joined the NewsBTC Group in late 2022. His educational background provides him with the technical prowess and analytical skills necessary to dissect complex topics and present them in an understandable format. Whether you are a casual reader curious about Bitcoin or an investor seeking to navigate the latest market trends, Jakes insights offer valuable perspectives that bridge the gap between complex technology and everyday usage.　　Jake is not just a reporter on technological trends; he is a firm believer in the transformative potential of Bitcoin over traditional fiat currencies. To him, the current

05-14

Claude Helps User Recover $397K in Lost Bitcoin After 10 Years

The AI reportedly assisted by analyzing backup files, identifying fixes for the btcrecover tool, and helping restore access to the dormant wallet. While some online users suggested Claude “cracked” Bitcoin, the recovery appears to have involved troubleshooting and file analysis rather than actually breaking Bitcoins encryption.　　Claude AI Helps Recover Lost Bitcoin　　An X user known as “Cprkrn” recently claimed that Anthropics Claude helped recover 5 Bitcoin that were for more than ten years. At the time the story circulated, the recovered Bitcoin was worth roughly $397,000.　　According to shared online, the user originally locked the funds inside a Blockchain.com wallet back in 2015 and had been unable to regain access ever since. The breakthrough reportedly came after the user began searching through old hard drive backups and uploaded files into Claude to assist with the recovery process.　　After several failed attempts, Claude identified a command adjustment for btcrecover, a wallet recovery tool that is commonly used to restore access to older cryptocurrency wallets. The AI assistant also reportedly helped decrypt private keys connected to the dormant wallet, allowing the user to finally regain access to the Bitcoin and move the funds.　　While the story quickly spread online with some users claiming Claude had “cracked”

05-14

US oil prices surge to $102 per barrel amid stalled Iran talks

Oil prices just blew past $100 a barrel, and the reason is familiar: geopolitics in the Middle East. US crude benchmarks surged after peace talks between the US and Iran stalled, sending traders scrambling to price in the risk of a major disruption to one of the worlds most critical oil shipping chokepoints.　　Brent crude futures climbed to $103.47 per barrel after President Donald Trump declared negotiations with Iran had “failed.” West Texas Intermediate, the US benchmark, wasnt far behind, rising to $105.63 per barrel. For context, oil was trading significantly lower just days earlier, when optimism around a diplomatic breakthrough briefly sent prices tumbling more than 7%.　　The Strait of Hormuz factor　　The Strait of Hormuz, a narrow waterway between Iran and the Arabian Peninsula, handles roughly a fifth of the worlds daily oil consumption. The current spike follows announcements about a US blockade of maritime traffic in the region.　　Brent futures gained $6.81 in one session, a 7.2% jump, landing at $102.01 per barrel.　　Meanwhile, US crude inventories dropped by 2.3 million barrels, signaling that domestic supply is already tight.　　A diplomatic rollercoaster　　Earlier, when there were signs that US-Iran talks might produce a breakthrough, prices dropped sharply — over 7% in a single move.

05-14

Euro: Strategic autonomy and yuan challenge – Rabobank

Finance　　Euro: Strategic autonomy and yuan challenge – Rabobank　　Rabobank‘s Global Strategist Michael Every notes Europe’s evolving role in global finance as Euroclear considers accepting China onshore bonds traded in Hong Kong as collateral. Every stresses this move could support yuan internationalisation just as the EU seeks greater strategic autonomy and wider global usage of the Euro, particularly in trade commodity finance where Euro usage remains limited.　　Euroclear, yuan and Euro usage　　“Yesterday, the FT reported Euroclear, one of Europes largest financial intermediaries with over €43 trillion of assets under custody, is considering accepting China onshore bonds traded in Hong Kong as collateral, not just offshore bonds as now.”　　“Euroclear states this would support Beijing‘s efforts to promote yuan internationalisation to counterbalance the global dominance of the USD… at a time when the EU’s push for strategic autonomy, heightened by the Iran War energy crisis, is accentuating the need to boost global usage of the euro, not the yuan.”　　“That‘s particularly the case in trade commodity finance, where the single currency only accounts for around 6% of the global total in SWIFT, and even less considering more of that trade is being done on China’s CIPS system.”　　“Of course, Euroclear is free to do whatever it wants,

05-14

Ethereum Price Flashes Weakness Signals, Pullback Fears Start Rising

Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis.　　From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become one of the foremost authorities in the fields of Forex and crypto trading. With a meticulous eye for detail and an unwavering commitment to excellence, Aayush honed his craft over the years, mastering the art of technical analysis and chart interpretation.　　As a software engineer, Aayush harnesses the power of technology to optimize trading strategies and develop innovative solutions for navigating the volatile waters of financial markets. His background in software engineering has equipped him with a unique skill set, enabling him to leverage cutting-edge tools and algorithms to gain a competitive edge in an ever-evolving landscape.　　In addition to his roles in finance

05-14

Ethereum Targets $10K as Schwab Opens Spot ETH Trading and BlackRock Tokenizes Funds

Charles Schwab has officially opened spot Bitcoin and Ethereum trading to a select group of retail clients this week, marking a pivotal expansion for the brokerage giant that previously offered crypto exposure only through ETFs and crypto-related equities. The firms Schwab Crypto accounts allow users to trade BTC and ETH directly alongside their other investments. CEO Rick Wurster had signaled a phased rollout would begin in the second quarter, and following a successful internal employee pilot, the firm confirmed that eligible clients on the interest list now have access. Shares of SCHW edged up roughly 1% on the day of the announcement.　　Schwab clients will maintain a separate crypto account through the Schwab Crypto service, with Charles Schwab Premier Bank acting as custodian and blockchain infrastructure provider Paxos handling trade execution and sub-custody. The brokerage will charge a 75-basis-point fee per trade, with the service available in all U.S. states except New York and Louisiana. At the end of March 2026, Schwab reported $11.77 trillion in client assets across 39.1 million active brokerage accounts. The firms first-quarter adjusted net income reached $2.6 billion on $6.48 billion in revenue, up 16% year-over-year, underscoring the heft now flowing toward crypto rails.　　Ether traders are

05-14

BitGo Q1 earnings report: revenue jumps, stablecoins rise

BitGo Q1 earnings report landed with a mix that tends to catch Wall Street‘s attention fast: explosive revenue growth, a wider loss, and a clear bet that stablecoins and institutional crypto services are becoming central to the company’s next chapter.　　The newly public crypto infrastructure firm posted $3.77 billion in first-quarter revenue, up 112.6% from $1.77 billion a year earlier. It was BitGos first quarterly earnings update since its January NYSE listing, giving investors an early look at how the business is performing as a public company.　　What stands out first is where the money came from. Digital asset sales did most of the heavy lifting, bringing in about $3.66 billion in Q1. Meanwhile, newer lines such as stablecoin revenue and derivatives pointed to where BitGo appears to be building for future growth.　　Revenue surges on digital asset sales　　The biggest engine in the BitGo Q1 earnings report was digital asset sales. That segment generated about $3.66 billion in the quarter, far ahead of the companys other business lines and underscoring how strongly trading-related activity shaped the period.　　Other parts of the business added to the topline. Staking revenue reached $49.4 million, and subscription and services revenue stood at $25.6 million.　　For a company fresh off

05-14

Crypto Firms Reassess Yield Strategies as U.S. Senate Targets Stablecoin Rewards

For years, stablecoin yield became one of cryptos most effective growth engines. Exchanges used it to retain users. DeFi protocols used it to bootstrap liquidity. Crypto startups framed yield-bearing dollar tokens as a more efficient alternative to traditional savings accounts. At the peak of the market cycle, double-digit returns on stablecoin deposits became less of an exception and more of an expectation.　　Washington now appears ready to challenge that model directly. A newly released Senate Banking Committee draft tied to the broader CLARITY framework would prohibit interest-like rewards on idle balances tied to payment stablecoins, while allowing incentives tied to activity that are not economically equivalent to deposit interest. Cryptos passive yield economy could soon face its clearest regulatory constraint yet.　　Stablecoin Yield Faces Its Biggest Regulatory Test Yet　　The proposal arrives at a moment when the digital asset industry is already shifting away from the speculative excesses that defined earlier cycles. In their place, policymakers increasingly favor regulated infrastructure, institutional custody, tokenized finance, and blockchain-based payment rails that can coexist with the banking system rather than compete directly against it.　　That transition creates both pressure and opportunity.　　The immediate losers are easy to identify. Centralized “earn” programs, yield wrappers, and stablecoin savings products built

05-14

XRP Price is Holding Strong Support While Bitcoin and Ethereum Drop

While the broader crypto market sentiment has turned cautious, XRP price is holding strong support around the $1.40 level. This comes at a time when Bitcoin and Ethereum have breached critical psychological and technical floors.　　XRP price in USD over the past weekWhats Happening to Crypto？　　Current market data confirms a significant shift in momentum:XRP: Maintaining stability above $1.43, successfully testing the $1.40 support zone.Bitcoin (BTC): Has officially dropped below the $80,000 mark, trading near $79,200.Ethereum (ETH): Is struggling to find footing after slipping below $2,400.　　Bitcoin and Ethereum price in USD　　For the current bullish structure to remain intact, XRP must defend its current base, while BTC and ETH need a swift recovery to prevent a localized “liquidity drain” from altcoins.　　Why $1.40 Matters for XRP　　In technical analysis, a “strong support” level is an area where buying interest consistently outweighs selling pressure. For $XRP, the $1.40 zone represents a pivot point that has transitioned from resistance to support over the last several months. Holding this level during a Bitcoin price drop suggests that XRP investors are currently less reactive to BTCs volatility, potentially due to ecosystem-specific developments or institutional accumulation.　　The Ripple Effect: Can XRP Decouple from BTC and ETH？　　While XRP is showing strength, the

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