Invest ideasNews
8 Jun 2026, 13:00
Yuga Labs Rescues $500K in NFTs After Flooring Protocol Exploit
The rescued assets included NFTs from major collections like Bored Ape Yacht Club and CryptoPunks. Yuga Labs CEO Michael Figge confirmed that the NFTs are being held in custody until a return process is finalized. The incident affected Flooring Protocol as the platform was already winding down parts of its NFT business after liquidity challenges and organizational changes. Yuga Labs Saves 68 NFTs Yuga Labs-affiliated developers successfully recovered 68 non-fungible tokens (NFTs) after an exploit targeting Flooring Protocol placed several high-value digital collectibles at risk. The recovered assets included NFTs from some of the most valuable collections in the industry, like Bored Ape Yacht Club (BAYC) and CryptoPunks. Yuga Labs CEO Michael Figge confirmed that the recovered NFTs are currently being held in the company’s custody. According to Figge, the assets will remain secured until a suitable solution is finalized to facilitate their return to their rightful owners. The recovery effort was also mentioned by Yuga Labs’ pseudonymous vice president of blockchain, known as 0xQuit, who estimated that the rescued NFTs were worth more than $500,000. The incident occurred against the backdrop of a cooling NFT market, although some blue-chip collections still boast impressive valuations. At press time, CryptoPunks maintained a floor price of approximately 33.9 ETH, which is equivalent to around $54,600, while Bored Ape Yacht Club NFTs traded at a floor price of roughly 9.16 ETH. The exploit impacted Flooring Protocol, a platform that already began winding down portions of its NFT-focused operations. In September of 2025, the project announced that its Web3 consumer services would enter sunset mode and advised FPv2 token holders to redeem their NFTs and exit any fractionalized positions before mid-October. The platform’s challenges reportedly stemmed from liquidity constraints and organizational changes that left parts of its NFT division without active management. Former Flooring Protocol CEO FreeLunchCapital stated that they continued providing liquidity to support users exiting positions and left some personal NFT assets on the platform. These assets ultimately became one of the primary targets during the exploit. FreeLunchCapital also revealed ongoing discussions with the parent organization behind the management team in an effort to regain control of the protocol. While NFT trading activity is still well below the sector’s peak levels that were reached during the market boom, the industry still represents billions of dollars in value. Recent market data showed that total NFT market capitalization climbed to approximately $2 billion in late April and early May before declining to around $1.4 billion. Total NFT market cap over the past 3 months (Source: CoinGecko)
8 Jun 2026, 12:05
European Blockchain Convention returns to Barcelona as institutional capital moves to the centre of the digital asset market
BitcoinWorld European Blockchain Convention returns to Barcelona as institutional capital moves to the centre of the digital asset market EBC12 convenes on 16–17 September 2026 — bringing together the decision-makers, allocators and infrastructure providers who are defining what comes next Barcelona, Spain — The question facing the digital asset industry is no longer one of legitimacy. After the approval of spot Bitcoin and Ethereum ETFs, the rollout of MiCA across the European Union, and growing allocations from asset managers and pension funds, institutions are in the market. The question now is one of execution — which platforms, counterparties and infrastructure will define the institutional layer of what comes next. It is in that context that the European Blockchain Convention (EBC) will return to Barcelona on 16–17 September 2026 for its 12th edition — bringing together over 6,000 attendees from 70+ countries across two days of market intelligence, meetings and commercial momentum. Join the 12th edition with institutions like BlackRock, Cardano, Bitwise, Baillie Gifford, WisdomTree, Hilbert Capital, Zodia Custody, Midchains, and Caisse des Depots among others. “EBC is built around a simple idea: when the right people are in the room, progress happens faster. In a market as fragmented as Europe’s digital asset landscape, that matters.” — Victoria Gago, Co-CEO, European Blockchain Convention INSTITUTIONS AT THE CENTRE — SINCE THE BEGINNING While the industry’s narrative around institutional adoption has accelerated sharply over the past 18 months, EBC’s focus on that audience predates the trend. From its first edition, EBC was designed not around retail participation or token launches, but around the decision-makers who control capital at scale: asset managers, banks, infrastructure providers, exchanges and the policymakers shaping the rules they operate under. Europe compounds the challenge. It is not one market — it is a region of parallel conversations, different regulatory timelines and different capital pools across London, Paris, Frankfurt, Zurich and Barcelona. EBC’s positioning as Europe’s Digital Asset Marketplace reflects a structural reality: the market needs a place where those conversations converge. Over 12 editions, it has become that place. EBC12: THE AGENDA The programme spans the issues that define institutional participation in digital assets today: regulatory convergence and market structure across major jurisdictions; capital allocation strategy from sovereign funds to private banks; the infrastructure required for institutional-grade operations; the rise of real-world asset tokenisation; stablecoin and CBDC dynamics as settlement infrastructure; and the role of AI in reshaping market intelligence and execution. “What makes EBC valuable is not scale for the sake of scale. It is the concentration of the right market participants in one place — decision-makers, operators, investors and infrastructure leaders — with enough relevance and intent to make the time count.” — Victoria Gago, Co-CEO, European Blockchain Convention ABOUT EBC The European Blockchain Convention (EBC) is the Europe’s Digital Asset Marketplace — the pan-European event where institutions, capital allocators, infrastructure providers and policymakers converge. Now in its 12th edition, EBC has established itself as the commercial centre of the European digital asset market. Registration is open at https://eblockchainconvention.com/european-blockchain-convention-12/ Press contact: [email protected] This post European Blockchain Convention returns to Barcelona as institutional capital moves to the centre of the digital asset market first appeared on BitcoinWorld .
8 Jun 2026, 10:05
117 Partners CEO Demands Cardano Foundation Disclose Use of 1,090 BTC From 2015 ICO
BitcoinWorld 117 Partners CEO Demands Cardano Foundation Disclose Use of 1,090 BTC From 2015 ICO Thomas Braziel, CEO of the crypto investment and advisory firm 117 Partners, has publicly called on the Cardano (ADA) Foundation to provide a detailed account of how it utilized approximately 1,090 Bitcoin (BTC) received during the project’s initial coin offering (ICO) in 2015. The demand, made via a post on X, raises questions about the governance and financial stewardship of one of the blockchain industry’s most prominent foundations. The Origins of the Demand Braziel’s request stems from his review of corporate registration documents and information publicly available on the official Cardano website. His findings indicate that the foundation’s initial legal entity, known as the Manx Foundation, was established on the Isle of Man concurrently with the 2015 ICO. Cardano founder Charles Hoskinson was listed as a director of this entity. According to Braziel, this Manx Foundation appears to have been the recipient of roughly 1,090 BTC from the ICO proceeds. The situation has become more pressing following the dissolution of the Manx Foundation in December 2025. Braziel argues that with the entity now dissolved, the foundation is obligated to release all relevant documents pertaining to its governance structure and, crucially, the disposition of the Bitcoin holdings. He has explicitly stated that he is not currently alleging any wrongdoing, but is instead demanding a higher standard of transparency from the organization. Context and Implications for Cardano The Cardano Foundation is a Swiss-based nonprofit organization tasked with overseeing the development and promotion of the Cardano blockchain. While the foundation has historically provided periodic financial reports, the specific fate of the original ICO Bitcoin has not been a subject of routine public disclosure. This call for transparency comes at a time when the broader cryptocurrency industry is under increasing scrutiny from regulators and investors alike regarding the use of funds raised in early token sales. The amount in question, 1,090 BTC, represents a significant sum. At current market valuations, it is worth tens of millions of dollars, though its value at the time of receipt in 2015 was substantially lower. The demand highlights a persistent tension in the crypto space between the ethos of decentralization and transparency and the practical realities of corporate governance and financial management. Why This Matters to the Crypto Community For ADA holders and the wider crypto community, this is more than a historical footnote. The manner in which a foundation manages its treasury directly impacts trust in the project’s long-term viability. Clear disclosure can strengthen community confidence, while opacity can fuel speculation and uncertainty. Braziel’s public challenge places the Cardano Foundation in a position where it must now decide how to address these questions, potentially setting a precedent for how other projects handle similar inquiries about their early financial history. Conclusion Thomas Braziel’s call for the Cardano Foundation to disclose the use of 1,090 BTC from the 2015 ICO represents a significant push for greater financial transparency in the crypto sector. With the Manx Foundation now dissolved, the request for governance documents and a clear accounting of the Bitcoin is likely to intensify. The Cardano Foundation’s response will be closely watched by investors, analysts, and industry observers as a measure of its commitment to openness and accountability. FAQs Q1: Who is Thomas Braziel? Thomas Braziel is the CEO of 117 Partners, a crypto investment and advisory firm. He is known for his work in the distressed crypto asset space and for advocating for transparency in blockchain projects. Q2: What is the Manx Foundation? The Manx Foundation was the original legal entity established for the Cardano project on the Isle of Man during its 2015 ICO. It was dissolved in December 2025, and its responsibilities were assumed by the current Swiss-based Cardano Foundation. Q3: Is there any allegation of wrongdoing? No. Thomas Braziel has explicitly stated that he is not currently alleging any wrongdoing. His demand is for the Cardano Foundation to provide greater transparency regarding the governance and use of the 1,090 BTC it received. This post 117 Partners CEO Demands Cardano Foundation Disclose Use of 1,090 BTC From 2015 ICO first appeared on BitcoinWorld .
8 Jun 2026, 09:08
Top on-chain analyst believes Bitcoin price might be close to its bottom; Here’s why
Amidst the early June Bitcoin ( BTC ) price downturn, the popular on-chain analyst Ali Martinez took to X to explain that the world’s premier cryptocurrency might have found the bottom ahead of the eventual next bull market . Specifically, the blockchain expert noted that BTC tends to form ‘major bottoms’ once more than 10 million coins are owned at a loss by digital assets investors while highlighting that at the time of writing early on June 7, the figure stood at 10.46 million. Martinez also opined that the number represents an important signal as traders are relatively unlikely to turn their unrealized losses into realized losses, thus reducing selling pressure and creating the conditions for a rally. Historically, Bitcoin has tended to form major bottoms when more than 10 million coins are held at a loss. That threshold has now been reached, with 10.46 million $BTC currently underwater. I believe this is an important signal because selling pressure often begins to fade as… https://t.co/DrCgCzTDqF pic.twitter.com/x4VDZx2DFd — Ali Charts (@alicharts) June 7, 2026 Bitcoin price gains more than 6% from early June lows By press time on June 8, Bitcoin has recovered somewhat from the lows seen late in the first week of the month. Still, the circumstances of the rally mean it is uncertain if the cryptocurrency has truly bottomed – whether in the short, mid, or long-term – or if it is a temporary anomaly. Indeed, the move came during relatively low-volume hours and shortly after President Donald Trump emphasized that the latest escalation between Israel and Iran will remain limited and without U.S. involvement. The mounting tensions in the Middle East in recent weeks are among the possible culprits behind the bloodbath in the digital assets market. Meanwhile, BTC is changing hands at $63,042 at press time, meaning it is 6% above the June 5 lows but also roughly 1% under the Sunday evening high and is, overall, 13.41% in the red on the weekly chart. Bitcoin price one-week chart. Source: Finbold Martinez reveals top Bitcoin prices to buy ahead of the next bull market Elsewhere, Ali Martinez published a second X post building upon the notion that Bitcoin might be nearing a major bottom. Early on June 8, the analyst revealed he is keeping track of three simple moving averages ( SMA ) for the cryptocurrency – the 200-week at $62,800, 300-week at $55,000, and 400-week at $42,500 – while hinting that the levels are critical for traders hoping to do dollar-cost averaging ( DCA ) ahead of the next bull run. For anyone planning to dollar-cost average into Bitcoin $BTC ahead of the next bull market, these are the levels I’m tracking: • 200W SMA: $62,800 • 300W SMA: $55,000 • 400W SMA: $42,500 pic.twitter.com/ole0OsEl9o — Ali Charts (@alicharts) June 8, 2026 Historically, employing DCA during digital assets’ downturn would have been a lucrative strategy, and utilizing it between 2022 and 2024 could have ensured the investment got tripled or quintupled depending on the exact timing of the trades. Featured image via Shutterstock The post Top on-chain analyst believes Bitcoin price might be close to its bottom; Here’s why appeared first on Finbold .
8 Jun 2026, 08:58
XRP News: David Schwartz Just Said XRP Is Becoming a Settlement Layer for Stocks and Loans, Is the Infrastructure Actually Ready?
Ripple CTO Emeritus David Schwartz used a June 5 video segment to lay out what the XRP Ledger is becoming: a settlement and issuance layer for tokenized stocks, money market funds, repos, and on-chain loans, not just a faster payments rail. This is bullish news for XRP. The roadmap is specific, the infrastructure timeline is tight, and the institutional partner list is real. The question worth asking is which parts of this are already running and which are still in the queue. Xrp (XRP) 24h 7d 30d 1y All time Discover: The Best Crypto to Diversify Your Portfolio What’s Actually Live on XRPL Right Now: The RWA Base Is Real, But the Headline Products Are Still Incoming The traction on XRPL’s real-world asset layer is not a projection, it’s a data point. Tokenized RWAs on the ledger grew from $24.7 million to $567.9 million over the course of 2025, a 2,200% increase, and reached approximately $2.325 billion by early 2026. That trajectory puts XRPL roughly 8th globally for distributed tokenized RWAs, representing around 1.53% of the total market. Source: RWA.XYZ The top issuers are VERT Capital, RLUSD, and OpenEden, which together accounted for 85.5% of tokenized value as of mid-2025. Ripple’s regulated stablecoin RLUSD carries a $1.3 billion market cap, making it the third-largest US-regulated stablecoin. That is the live stack. The $2.3 billion figure is real. What it means for XRPL’s ambitions in tokenized equities and credit is a different question. On the protocol side, two mechanisms are central to Schwartz’s vision. The Multi-Purpose Token standard, MPT, allows complex structured assets like bonds and funds to be represented on-chain with built-in attributes such as maturity dates and transfer restrictions, without requiring custom smart-contract logic. The native lending protocol , being rolled out under XLS-66 as part of XRPL Version 3.0.0, enables fixed-term institutional loans with isolated vaults and automated repayments. A permissioned DEX, order books accessible only to KYC-credentialed participants – already has its first live offering. These are not concepts. They are shipping infrastructure. The XLS-66 validator vote, which requires an 80% supermajority, is the remaining gate on full lending protocol activation. What XRP Schwartz Said on June 5 and What the News Sequencing Actually Signals Schwartz’s framing in the ‘XRP in a Minute’ segment was deliberate in its sequencing. He opened by tracing Bitcoin’s contribution, proving that a public blockchain could let people hold and transfer value, and then positioned XRPL as the next layer: ‘providing both the native digital assets similar to bitcoin, as well as issued assets that can represent things like stablecoins or tokenized assets of any kind.’ He then named the near-term product categories explicitly: ‘tokenized securities to money market funds, even things like tokenized stocks.’ And on the credit side: ‘tokenized repos and tokenized loans.’ The ordering matters. Securities and funds first, those have the clearest institutional demand and the most developed compliance infrastructure on XRPL already. Repos and loans follow, which require the XLS-66 lending protocol to be fully live. Tokenized stocks are named but are not yet confirmed as live products on the ledger as of the article date. Archax, the UK-regulated digital securities exchange, has committed a $1 billion pipeline including equities and fund units. The infrastructure, MPT, permissioned DEX, credential-gated order books, is capable of supporting tokenized equities. The actual live products are not yet announced. Schwartz’s institutional thesis is pointed: ‘Enterprises will provide the features that will attract mass retail adoption, where DeFi can truly deliver on its promise of replacing TradFi.’ That is an argument that compliance-first, enterprise-built financial products are the on-ramp for the next wave of tokenization adoption , not permissionless protocols or retail speculation. Discover: The Best Token Presales The post XRP News: David Schwartz Just Said XRP Is Becoming a Settlement Layer for Stocks and Loans, Is the Infrastructure Actually Ready? appeared first on Cryptonews .
8 Jun 2026, 08:11
Notcoin (NOT) And Bittensor (TAO): With Telegram Tap‑To‑Earn Seasons For NOT And New AI‑Network Clients On TAO, Do NOT And TAO Become A “Retail Funnel + Model N...
The digital asset market of June 2026 is increasingly characterized by an organic barbell structure: massive, low-friction user onboarding engines on the front end, and highly sophisticated, computationally intensive decentralized networks on the back end. Notcoin (NOT) has evolved past its initial meme origins, leveraging successive Telegram tap-to-earn seasons and mini-app ecosystems to act as a highly efficient retail user acquisition pipeline. On the opposite end of the spectrum, Bittensor (TAO) is rapidly scaling its decentralized machine learning network, onboarding new institutional enterprise clients and advancing automated model inference workloads across its expanding subnet architecture. This intersection presents a fascinating structural thesis: Do NOT and TAO represent the blueprint for a coordinated "Retail Funnel + Model Network" duo—where simple mass-market consumer touchpoints eventually feed capital and engagement into high-performance AI infrastructure? Or do they simply represent two separate, highly volatile narrative buckets used by traders for short-term rotation between meme coins and high-beta AI plays? A clinical look at their 30-day technical channels indicates that both assets are exhibiting nearly identical structural traits, with each token undergoing a healthy, mid-range consolidation right at their respective 38.2% Fibonacci retracement baselines. Notcoin (NOT): Retail Funnel Meme In A 0.012–0.028 Range Source: tradingview Notcoin 's current 30-day chart matches a classic "hot launch, now cooling but fundamentally resilient" profile. The asset is operating below its short-term trend line but maintains clear breathing room above its primary historical base. The Fibonacci Map ($0.012 to $0.028): 23.6% Retracement: ~$0.0158 38.2% Retracement: ~$0.0181 50.0% Retracement: $0.0200 61.8% Retracement: ~$0.0219 Key Support & Resistance Levels: Support Band ($0.0158 to $0.018): NOT is presently localized right at the 38.2% Fibonacci level (~$0.0181). This serves as the shallow "Telegram dip" band. Keeping daily prints above the $0.0158 to $0.018 pocket ensures that the structural integrity of the $0.012 to $0.028 upward leg remains completely intact. Floor Liquidity ($0.012 to $0.013): The absolute 30-day swing low. A daily close slicing beneath $0.012 would entirely unwind the current leg, indicating that tap-to-earn reward seasons are failing to establish a durable, sticky capital base. Trend-Repair Resistance ($0.020 to $0.022): The critical overhead hurdle. This cluster contains the 50% Fib ($0.020), the sloping 30-day SMA (~$0.020), and the 61.8% Fib (~$0.0219). NOT needs to reclaim and close above this band to prove to the market that it is maturing past a short-term farm asset. Expansion Zone ($0.025 to $0.028+): The local high range. Validating a breakout here typically requires a fresh, fundamental wave of mini-app utility and expanded tier-one exchange integrations. Bittensor (TAO): AI‑Model Network In A 230–360 Channel Source: tradingview Bittensor 's chart shows an asset undergoing a well-behaved mid-leg consolidation following a powerful macro expansion. Like Notcoin, its immediate trend-repair work is situated directly overhead. The Fibonacci Map ($230.00 to $360.00): 23.6% Retracement: ~$260.70 38.2% Retracement: ~$279.70 50.0% Retracement: $295.00 61.8% Retracement: ~$310.30 Key Support & Resistance Levels: Support Band ($260.00 to $280.00): TAO is currently resting right on its 38.2% Fib level (~$279.70). This constitutes the primary "healthy retrace" band. Maintaining daily support within this zone protects the structural integrity of the broader $230 to $360 move. Floor Liquidity ($230.00 to $240.00): The macro 30-day swing low and 200-day SMA confluence area. A decisive break below $230 would suggest that underlying decentralized AI network demand is facing a broader risk-off migration. Trend-Repair Resistance ($295.00 to $310.00): The primary overhead supply block. This zone tightly pairs the 50% Fib and the 30-day SMA ($295.00) with the 61.8% Fib (~$310.30). TAO must clear this threshold to reassert its position as a primary infrastructure asset rather than a speculative narrative proxy. Expansion Zone ($340.00 to $360.00+): The local 30-day peak. Sustainable prints above $360 necessitate verified increases in client onboarding, active subnet scaling, and paid on-chain inference workloads. Conclusion: A Unified Front-to-Back Stack Or Just Narrative Rotation? The technical data presents two narrative-rich assets mirroring each other in active consolidation phases, waiting for fundamental catalysts to trigger their next directional moves. They Graduate Into a Retail-to-Infrastructure Duo If: NOT successfully defends its $0.0158–$0.018 shallow support, reclaims the $0.020–$0.022 moving average block, and proves that its Telegram front-end can convert ephemeral tap-to-earn users into sticky crypto participants. TAO relentlessly protects the $260–$280 baseline, breaks back above the $295–$310 trend-repair hurdle, and demonstrates consistent, paid corporate inference demand across its subnets. Cross-Asset Pipelines: Practical multi-asset yield products or automated retail index applications emerge that actively onboard users via Telegram (NOT) and automatically route structural risk into decentralized compute infrastructure (TAO), backed by institutional capital flows. They Remain Trapped in Short-Term Narrative Rotation If: NOT fails to mount the $0.020 moving average, spending its time grinding sideways-to-down between $0.015 and $0.020 as early participants systematically use new mini-app seasons as exit liquidity. TAO is continually rejected at the $295–$310 band, flattening out into a dull $230–$300 range while market participants focus their attention on alternative high-performance layer-one networks. Retail capital continues to jump disconnectedly from isolated meme campaigns directly into speculative AI headlines, without ever building a functional, sustainable structural bridge between front-end consumer applications and back-end machine learning infrastructure. Final Verdict: The charts classify both NOT and TAO as "constructively mid-range but consolidating." The framework for an innovative frontend-to-backend stack is structurally visible, but the tokens must clear their immediate overhead resistance bands to prove this relationship is driven by fundamental synergy rather than simple rotational market beta. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
