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Shiba Inu's Shibarium Gets Major Update: What's Changing?
NFT Gaming

Shiba Inu’s Shibarium Gets Major Update: What’s Changing?

by admin June 6, 2025


The Shiba Inu team has released a new upgrade for both Puppynet (Shibarium’s testnet) and Shibarium mainnet nodes. The alert, shared by Shiba Inu-focused X community account “Shibarium updates,” urges node operators to take urgent action by following official documentation and implementing the new updates.

🚨 Update Alert 🚨
Both Puppynet and Shibarium nodes have been updated.

If you’re running a node, please follow the official documentation and apply the necessary updates as soon as possible.

Thank you for your continued support!

— Shibarium Updates 📢 (@Shibizens) June 6, 2025

In May, it was made known that MetaMask Support would roll out a fix in version 7.46.0 or 7.46.1 to address the RPC error affecting mobile users on Shibarium. This update resolves issues caused by unsupported EIP-1559 methods (eth_maxPriorityFeePerGas) on Shibarium’s RPC, which were blocking transactions from MetaMask Mobile.

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Last month, the Shiba Inu team resolved mainnet snapshots that were temporarily missing from the Shibarium snapshots page.

In other Shiba Inu updates, the ecosystem’s DeFi Toolkit just got an upgrade. An enhanced Shiba Inu DeFi Toolkit just dropped, featuring concentrated liquidity, new reward layers and more effective ShibTorch burns. With ShibDAO now in play, the community now has a say in how these tools evolve.

What’s happening?

According to the most recent count, the Shibarium network has executed 1,202,647,260 transactions. Total blocks have crossed 11 million, with the most recent total being 11,371,567. Total addresses now stand at 263,796,105. Daily transactions totaled 710,280.

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Seventy-nine percent of Shiba Inu (SHIB) addresses are now classified as long-term holders, according to recent on-chain data. This paints a positive picture for SHIB, suggesting that a sizable chunk of the investor base is holding firm despite market volatility.

A long-term holder refers to an address that has held a crypto asset for more than one year, with nearly 8 out of every 10 SHIB holders falling into this category.

At press time, SHIB was down 0.99% in the last 24 hours to $0.00001295 after reaching a low of $0.00001194 early Friday as fresh uncertainty on global markets sent major cryptocurrencies tumbling, wiping out nearly $1 billion in leveraged bets.





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June 6, 2025 0 comments
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XRP, Dogecoin Update Issued by Coinbase: What's New?
GameFi Guides

XRP, Dogecoin Update Issued by Coinbase: What’s New?

by admin June 5, 2025


Major crypto exchange Coinbase has issued a new announcement that might excite the XRP and Dogecoin communities.

In a recent tweet, Coinbase announced that wrapped versions of Dogecoin and XRP — cbDOGE and cbXRP — are now live on the Base platform. Wrapped assets cbDOGE and cbXRP are ERC-20 tokens backed 1:1 by DOGE and XRP held in custody by Coinbase and joint Bitcoin and Ethereum, whose wrapped assets have already been launched.

cbDOGE and cbXRP are now live on @base. cbDOGE and cbXRP are ERC-20 tokens backed 1:1 by DOGE and XRP held in custody by Coinbase.

Here’s what you need to know ↓ pic.twitter.com/QVrqa96ZZB

— Coinbase Assets 🛡️ (@CoinbaseAssets) June 4, 2025

This follows Coinbase’s announcement a few weeks ago that it would be launching wrapped versions of Cardano, Dogecoin, Litecoin and XRP — cbADA, cbLTC, cbXRP and cbDOGE, respectively. The crypto exchange also issued a warning about fraudulent actors, who may want to take advantage of the prelaunch excitement.

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Coinbase introduced cbBTC (Coinbase Wrapped BTC) in September, an ERC20 token backed 1:1 by Bitcoin (BTC) held by Coinbase. Wrapped Ethereum (cbETH) is also available on the platform and is structured differently than most Coinbase-wrapped assets.

Wrapped assets, like cbBTC, cbXRP and cbDOGE, are transferable tokens that represent ownership of the underlying asset — in this case, Bitcoin, XRP and Dogecoin.

Warning issued

As wrapped XRP and Dogecoin assets that can be used on-chain have now launched, Coinbase warns that there may be fraudulent actors pretending to be cbDOGE and cbXRP and went on to share the Base contract addresses for these assets.

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Bitcoin dropped by about 1% in the early Thursday session, while altcoins were even lower as investors considered broader macroeconomic worries.

XRP and Dogecoin fell, continuing recent sluggishness among top altcoins. XRP fell 2.5% in the last 24 hours to $2.20, while Dogecoin dropped over 3.5% to $0.1896. Crypto markets have slowed in the last two weeks after rising in early May, as macroeconomic uncertainty resurfaced.





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June 5, 2025 0 comments
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Chinese Firm Files $300M XRP Plan with SEC. What’s Going On?
Crypto Trends

Chinese Firm Files $300M XRP Plan with SEC. What’s Going On?

by admin June 4, 2025


Webus International Limited, a company that offers AI-driven mobility solutions, has filed Form 6-K with the U.S. Securities and Exchange Commission (SEC) to inform the regulator about its intention to set up an XRP treasury. 

As reported by U.Today, the Hangzhou-based firm initially announced the plan last week.

On Monday, the firm signed an agreement with US-based investment advisor Samara Alpha Management that has set the framework for its future crypto operations. 

The initiative is meant to support instant international payments for its chauffeur services as well as booking programs. This essentially means that the XRP token will be integrated into the company’s business model. 

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The plan has now been formalized with the SEC, but it is worth noting that no final decision has been made. 

Webus International, which provides AI-powered mobility solutions across various international destinations, went public on the Nasdaq in February, raising a total of $8 million during its IPO. 

As reported by U.Today, publicly traded sustainable energy company VivoPower announced its plan to build a $121 million reserve centered around the Ripple-linked cryptocurrency. On Tuesday, BitGo confirmed that it would facilitate the initial $100 million investment in the cryptocurrency. 

The recent developments show that some companies are now willing to go beyond Bitcoin and Ethereum when it comes to creating their strategic reserves. However, it remains to be seen whether this will be a broader trend. 



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June 4, 2025 0 comments
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NBA coaching carousel - Pros, cons, what's next for every open job
Esports

NBA coaching carousel – Pros, cons, what’s next for every open job

by admin June 4, 2025


The fifth coaching change of this summer’s job cycle happened in stunning fashion Tuesday afternoon, as the Knicks — fresh off making the Eastern Conference finals for the first time in a quarter century — parted ways with Tom Thibodeau.

Thibodeau leading the franchise to what has easily been its best stretch of success since the 1990s — winning at least one playoff series in three straight seasons and advancing to the conference finals to culminate his five-year run with the team he grew up rooting for — was not enough for him to get a chance to end New York’s 26-year Finals drought and 52-year championship drought next season.

That task will instead fall upon whomever president of basketball operations Leon Rose chooses to replace him — that person will walk into the job with sky-high expectations.

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It was the latest move in what’s been a relatively busy summer for off-the-court moves across the league. The Phoenix Suns fired Mike Budenholzer after the first year of a five-year contract. Before that, the Denver Nuggets moved on from Michael Malone, along with general manager Calvin Booth, with less than a week to go in the regular season.

Denver’s decision came less than two weeks after the Memphis Grizzlies fired longtime coach Taylor Jenkins. Memphis has since removed the interim tag on coach Tuomas Iisalo.

The Sacramento Kings became the first franchise to fire its coach this season when they dismissed Mike Brown amid a losing streak in late December.

Will more jobs open over the next several weeks? Last season, seven teams changed coaches, including three — the Cleveland Cavaliers, Los Angeles Lakers and Phoenix Suns — that did so after making the playoffs.

Here’s our annual look at the NBA’s coaching carousel, with the pros and cons of each vacancy and who could fill them:

Open coaching jobs

Positive: Ready-to-win roster, finances

This is the kind of job opening that coaches dream of. New York has a roster featuring a couple of All-NBA players in Jalen Brunson and Karl-Anthony Towns, a trio of versatile wings in OG Anunoby, Mikal Bridges and Josh Hart, and a pair of strong reserves in Mitchell Robinson and Miles McBride. New York will also likely — with some creative maneuverings this summer — have the taxpayer’s midlevel exception available, as well as the bright lights of New York City, a contending roster and open playing time to entice veteran free agents to sign on minimum deals to bolster the franchise’s depth beyond that.

There also is low-hanging fruit for a new coach to latch on to. That starting five, despite the talent across it, got outscored by 31 points in 335 minutes in the playoffs and had a negative net rating in 379 minutes from Jan. 1 through the end of the regular season. New York also was 27th in 3-point attempts per game and 26th in pace — numbers that could potentially change with a different offensive philosophy on the sidelines.

And the Knicks have long been known as a franchise that will spare no expense in building out a staff, so that shouldn’t be an obstacle to getting whomever the Knicks want to patrol the sidelines at Madison Square Garden in Thibodeau’s place.

Negatives: Expectations, roster limitations

If the Knicks fired a coach after one of the best stretches of success for the franchise in recent history, the expectations are high for his successor. And New York didn’t mince words in its statement announcing the decision to fire Thibodeau: “Our organization is singularly focused on winning a championship for our fans.”

So, the person replacing Thibodeau will have no doubts about their expected mandate. And, when they do inherit this team, there will be some ability to improve the roster, as we laid out above. But, they will also need to construct a defense good enough to reach those championship aspirations with both Brunson and Towns on the court — something Thibodeau was unable to do across six games against the Indiana Pacers in the conference finals. It’s also a task that would’ve been even more difficult against the Oklahoma City Thunder had New York reached the NBA Finals.

And, if there are any stumbles along the way, there will be immediate questions about whether moving on from Thibodeau was the right move.

— Tim Bontemps

Phoenix Suns

  • 2024-25 record: 36-46 (No. 11 in West)

  • Previous coach: Mike Budenholzer

  • Lead executive: James Jones (hired in 2018)

Positive: Veteran talent

While owner Mat Ishbia’s proclamation less than a year ago that “26 out of 29” teams wouldn’t trade places with the Suns was way off base, the Suns still do — at least for now — have both Devin Booker and Kevin Durant on their roster, which is a pretty good place to start in terms of evaluating a coaching vacancy.

Beyond its stars, Phoenix has solid veteran depth in Bradley Beal, Grayson Allen, Nick Richards and Royce O’Neale, plus a couple of rookie finds in Ryan Dunn and Oso Ighodaro that could form the core of a decent NBA rotation.

Negatives: Instability, plus lack of roster, monetary and draft flexibility

Where do we start?

Phoenix is headed toward its fourth coach in as many seasons after firing Budenholzer, who was hired with great fanfare last spring. Ishbia has owned the team for a little over two years and has already fired three coaches — not exactly an inspiring track record for whomever replaces Budenholzer.

Overall, the Suns are stuck in a multitude of ways. The team has traded control of its draft picks for the next several seasons and is well over the dreaded “second apron” of the NBA’s salary cap, creating a wildly expensive roster with few tools to improve it. There’s a chance Durant is traded this summer, after Phoenix flirted with the idea at the trade deadline, but it remains to be seen how much value the 36-year-old future Hall of Famer will have as he enters the final year of his contract. Durant will be looking for an extension at more than $60 million per season.

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0:41

The numbers behind Mike Budenholzer’s firing

Take a look at the key numbers to know after Mike Budenholzer was fired following one season with the Suns.

Who could get the job?

After weeks of interviews, ESPN’s Sham Charania reported Monday that the Suns’ search for their next head coach is down to two candidates, both from the Cleveland Cavaliers: associate coach Johnnie Bryant and assistant Jordan Ott.

Bryant has served as an assistant with the Utah Jazz (2012-20) and New York Knicks (2020-24), while Ott has worked for the Atlanta Hawks (2013-16), Brooklyn Nets (2016-22) and Los Angeles Lakers (2022-24).

After firing Budenholzer on April 14, new GM Brian Gregory has led a multiround hiring process that began with more than 15 candidates, sources told Charania. A group of five finalists — including Bryant, Ott, Miami assistant Chris Quinn, Oklahoma City assistant Dave Bliss and Suns assistant David Fizdale — had in-person interviews with team officials last week.

— Bontemps

Hired jobs

Denver Nuggets

  • 2024-25 record: 50-32 (No. 4 in West)

  • Previous coach: Michael Malone (fired April 8; assistant David Adelman took over on interim basis)

  • Lead executive: None (GM Calvin Booth, promoted in 2020, was also let go)

Positive: Championship-level talent

These kinds of jobs rarely come available. Nikola Jokic might lose out to Shai Gilgeous-Alexander for this season’s Most Valuable Player award, but he’s nearly universally seen as the best player on the planet. Jamal Murray is an elite pick-and-roll partner and, after struggling in the playoffs, is back to playing at a high level — over the summer with Team Canada and at the start of this season. Aaron Gordon is a versatile defender who fits perfectly next to Jokic at both ends, and Christian Braun has come on and had a terrific season, putting him into Most Improved Player consideration.

While the Western Conference is deep with contenders, Denver still arguably was set to enter the playoffs as a favorite behind Oklahoma City before Tuesday’s shocking news of Malone’s dismissal after 10 years and unparalleled success with the Nuggets. Whoever walks into this job will believe they can win a championship immediately.

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1:32

Shelburne details how Malone, Booth dissension led to exits

Ramona Shelburne reacts to the Nuggets firing head coach Michael Malone right before the playoffs.

Negatives: Limited financial and roster flexibility

Denver has never been known to open the checkbook to pay for coaches and executives, but that’s a secondary concern to the long-term constraints on trying to keep this team at a championship level. Like most longtime championship contenders, this is a franchise that has traded away a lot of draft picks and is locked in on long-term contracts. The good part about that is the team’s core players are all under contract for at least a couple more years. The bad? The roster has few means to improve and might not be good enough to get where Denver wants to go now.

Who got the job:

After serving as the interim coach since Michael Malone was let go last month, David Adelman, son of Hall of Fame coach Rick Adelman, was promoted to head coach Thursday. The 44-year-old Adelman was Malone’s assistant for eight seasons and led the Nuggets to a Game 7 against the top-seeded Oklahoma City Thunder in the postseason. He will be part of team owner Stan Kroenke’s vision of capitalizing on the prime years of superstar Nikola Jokic.

— Bontemps

  • 2024-25 record: 34-48 (No. 13 in West)

  • New coach: Mitch Johnson

  • Previous coach: Gregg Popovich (transitioning to full-time role as president of basketball operations)

  • Lead executive: RC Buford (promoted to CEO in 2019)

Positives: Thrilling young core, loads of assets

San Antonio is the definition of a stable and supportive organization with a history of strong ownership. The Spurs have drafted the Rookie of the Year in back-to-back years with potential superstar Victor Wembanyama and guard Stephon Castle. They have two lottery picks in this year’s draft, both theirs and the Atlanta Hawks, combined giving them about a 30% chance of getting a top-four pick. They own all their future draft picks, both first and second round, going forward and beyond this year have two additional first-rounders, nine additional second rounders, and first-round pick swaps with the Hawks in 2027, the Mavericks or Wolves in 2030 and the Celtics in 2021. The Spurs also traded for a franchise point guard, De’Aaron Fox, who is in position to sign a long-term contract extension later this year.

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2:03

Stephen A. reacts to Gregg Popovich stepping down as Spurs head coach

Stephen A. Smith details why he is happy that Gregg Popovich will still be in basketball as team president for the Spurs.

Negatives: Market size, ownership spending power, big shoes

Though San Antonio is a growing city, it still is one of the league’s smaller markets and has various effects on acquiring players, though the Spurs’ organization enjoys an excellent reputation. The ownership has paid just $5 million in luxury tax in the past 13 years and with big contracts coming for Fox and Wembanyama plus the new challenges that come with high payrolls, spending is something to monitor. That said, since the Spurs were last contenders they have taken on new deep-pocketed partners, including billionaire computer magnate Michael Dell and investment firm Sixth Street. There is also the challenge of coming behind Popovich, someone who won five championships and established a massive legacy over the previous 29 years.

Who got the job:

Johnson, who was named acting coach after Popovich suffered a mild stroke in November, now takes over head coaching duties on a permanent basis. Popovich had leaned on Johnson over the past several years, giving him increasing responsibility both in terms of preparation and in-game. Johnson has developed a strong relationship with Wembanyama already as well. Johnson led San Antonio to a 31-45 record in Popovich’s absence.

— Brian Windhorst

Memphis Grizzlies

  • 2024-25 record: 48-34 (No. 8 in West)

  • New coach: Tuomas Iisalo (hired on May 2)

  • Previous coach: Taylor Jenkins (fired March 28; Iisalo took over on interim basis)

  • Lead executive: Zach Kleiman (hired in 2019)

Positive: A promising young core

Despite suffering injuries throughout the season, the Grizzlies are still in the top five in the Western Conference standings, and with the league’s fifth-best net rating — trailing only the Oklahoma City Thunder, Cleveland Cavaliers, Boston Celtics and Houston Rockets.

With Ja Morant, Desmond Bane and Jaren Jackson Jr., Memphis’ core is entering its prime, which should give the Grizzlies runway to contend for the rest of this decade. Kleiman has shown that he can find talented second-round and undrafted players, giving Memphis a deep and versatile roster behind that star talent.

One NBA executive said this is a team that, if things break right, is reminiscent of the Cleveland Cavaliers last season before Kenny Atkinson came in and the franchise improved this season. That’s the kind of boost Kleiman and the Grizzlies believe is possible.

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1:41

Shams breaks down what led the Grizzlies to fire Taylor Jenkins

Shams Charania joins “NBA Today” to detail why the Memphis Grizzlies parted ways with head coach Taylor Jenkins after six seasons.

Negatives: Small market, recent instability

Memphis is far from an NBA glamour market, and this team has had a lot of friction and uncertainty over the past year.

The Grizzlies fired virtually Jenkins’ entire coaching staff last summer, bringing in — among others — Iisalo and Noah LaRoche to fill it out. Then, not only was Jenkins dismissed Friday, but so was LaRoche, who hired several player development coaches.

Now, on to the roster. In addition to numerous injuries, the Grizzlies have had a series of off-court issues with Morant over the years. The team had mitigated Morant’s absence thanks to its other two stars, Jackson and Bane, its impressive depth and, until he was fired, Jenkins’ work on the sidelines.

Who got the job: Tuomas Iisalo

The expectation around the league was that Iisalo would get a long look for the job after the franchise moved on from Jenkins in late March. The Grizzlies brought him from Europe last offseason and put him on Jenkins’ staff, and he showed enough through the team’s final stretch of games and run to the first round. Iisalo is now the first Finnish-born head coach in NBA history.

— Bontemps

  • 2024-25 record: 40-42 (No. 9 in West)

  • New coach: Doug Christie

  • Previous coach: Mike Brown (fired in December; assistant Doug Christie takes over on interim basis)

  • Lead executive: GM Scott Perry (hired on April 17 after Monte McNair parted ways with the team)

Positive: Veteran, ready-to-win talent

It’s hard to project Sacramento winning a title with its roster. But a coach taking over a team with Domantas Sabonis, DeMar DeRozan, Zach LaVine, Keegan Murray and Malik Monk has a chance to be competitive in each game. That gives the Kings’ vacancy a boost, given the typical level of talent at open jobs.

With all of those players under team control for at least a couple of more seasons, there is some runway for them to play together, adding to the appeal for a new coach.

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1:13

Shams: Kings felt Mike Brown had ‘underperformed’

Shams Charania details the factors that led the Kings to fire coach Mike Brown after a disappointing start to the season.

Negatives: Small market, decades of instability

Here’s all you need to know about the Kings: Since moving to Sacramento in 1984, two coaches have had at least one full season with a winning record: Rick Adelman, who did it for eight straight seasons from 1999 to 2006, and Mike Brown the past two seasons. Sacramento has made the playoffs in three of the 33 seasons not coached by Adelman, underscoring the difficulty of this job.

Longtime NBA executive Scott Perry Perry now replaces McNair, who parted ways with the Kings following their elimination in the play-in tournament. The team had also seen the departure of assistant general manager Wes Wilcox, who took the GM job for the Utah Utes earlier this month. Another drawback is the club’s unwillingness to pay into the luxury tax, something owner Vivek Ranadive has avoided.

Who got the job: Christie is finalizing a multiyear contract to become the franchise’s next coach, sources told ESPN’s Shams Charania on Tuesday. Christie has long-standing ties to the organization, going back to being a starter on those iconic teams of the early 2000s under Adelman, and he had done a solid job the past few months since taking over for Brown. Sacramento went 27-24 this season under Christie, ranking ninth in offensive efficiency during that span and going 13-10 in clutch-time games compared to 6-13 earlier in the campaign under Brown, according to ESPN Research.

— Bontemps



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Knicks fire Tom Thibodeau - What's next for New York's open job?
Esports

Knicks fire Tom Thibodeau – What’s next for New York’s open job?

by admin June 3, 2025


What lies ahead for the New York Knicks after the franchise fired head coach Tom Thibodeau on Tuesday?

Thibodeau guided the Knicks to their first Eastern Conference finals since 2000, defeating the Detroit Pistons in the first round and dethroning the defending champion Boston Celtics in the second round before falling in Game 6 to the Indiana Pacers. He finishes his tenure in New York with 24 playoff wins, 17 more than the team’s past 13 coaches combined, according to ESPN Research.

Why fire Thibodeau now, and where could the front office turn in its search? Which high-profile names could be available? And what other moves might follow now that one of the most successful runs in franchise history has ended without a title, extending the Knicks’ championship drought to 52 seasons?

Our NBA insiders examine every angle of the Thibodeau firing, including what could be next for the 67-year-old coach.

Why did the Knicks fire Tom Thibodeau now?

The theory of Occam’s Razor says that when trying to solve a problem, the simplest solution is likely the correct one.

In this case, Thibodeau’s time in New York ended because of the first line of the statement the Knicks released in response to his firing: “Our organization is singularly focused on winning a championship for our fans.”

That, sources around the league said, is why a change was made. The Knicks decided a new voice was needed to lift this franchise to the next level, despite Thibodeau leading the Knicks to their best stretch of play this century, including winning a playoff series in three consecutive seasons and advancing to the conference finals for the first time in a quarter century.

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After making a pair of splashy moves to land Mikal Bridges and Karl-Anthony Towns last summer, New York often felt like it was less than the sum of its parts. The starting lineup of Bridges, Towns, Jalen Brunson, Josh Hart and OG Anunoby was outscored by 31 points in over 300 minutes in the playoffs, and was outscored from Jan. 1 through the end of the regular season.

The defense was at times an issue — particularly against the Pacers in the conference finals — though that also shouldn’t come as a huge surprise with Brunson and Towns operating as the team’s point guard and center (and it’s not like Thibodeau isn’t regarded as one of the best defensive coaches of his generation). New York could also shoot more 3-pointers and adopt a faster pace offensively.

Plenty of teams have made the same choice New York has. In the cases of Steve Kerr replacing Mark Jackson with the Golden State Warriors in 2014, or Nick Nurse replacing Dwane Casey with the Toronto Raptors in 2018 — it resulted in a championship. Others, like when Adrian Griffin replaced Mike Budenholzer with the Milwaukee Bucks, or when Fred Hoiberg replaced Thibodeau himself with the Chicago Bulls, things went in a very different direction.

— Tim Bontemps

Who should the Knicks consider for the vacancy?

The most obvious candidate is Michael Malone, who led the Denver Nuggets to the 2022-23 title before a surprise firing with three games left in the regular season in April. Over the past eight seasons, Malone’s Nuggets led all Western Conference teams with 401 wins — 28 more than the second-place LA Clippers — which emphasizes his consistency as a coach. Malone wouldn’t be able to rely on Nikola Jokic in New York, but his success working with offensive stars who have defensive question marks would make him a solid fit for the Knicks roster.

It must be said, however, that the demanding Malone has a similar personality to Thibodeau, which could be a point against him if Knicks management wants to go in a new direction. If not Malone, both Mike Budenholzer and Frank Vogel have also won titles this decade, and their inability to wrangle the messy Phoenix Suns shouldn’t be held against them.

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1:48

What’s next for Knicks after firing Tom Thibodeau?

Shams Charania reports on what the Knicks are looking for in a new coach after firing Tom Thibodeau and whether Michael Malone is an option.

Ultimately, the Knicks might be able to cast as wide a net as they desire, as the glamor and prestige of the job could attract just about any candidate Leon Rose is interested in interviewing. Could Jay Wright — who won NCAA titles with Josh Hart, Jalen Brunson and Mikal Bridges at Villanova — be coaxed out of retirement for his first NBA job? What about fellow two-time national champion Dan Hurley, who flirted with the Lakers gig last summer before signing a new contract at Connecticut?

All options are on the table for the most attractive NBA coaching job available: a reigning conference finalist with bona fide stars, competing in a weak conference in the biggest market in the country.

— Zach Kram

What will the Knicks’ next coach need to focus on?

Perhaps this is obvious after watching the conference finals play out, but finding a way to get more out of a group that plays Brunson near the point of attack and Towns closer to the rim.

Neither player is well-equipped to handle those respective tasks: Brunson is undersized on that end, while Towns isn’t the most “fleet of foot” and often commits silly fouls that leave him heading to the bench at inopportune times.

In the Pacers’ series specifically, the Knicks were twisted into defensive pretzels with how Indiana was forcing their defense to stay in rotation. “You can stop one action, but then it’s the next action, and the next action,” Josh Hart said of the Pacers’ game plan.

New York scrambled to stay connected. In many cases — the Game 2 loss in particular — Towns seemed lost trying to stay with Indiana’s fast-paced, spaced-out attack. If this rotation is back fully next season, the next coach will need to consider changes to the starting lineup. Someone like Mitchell Robinson would give Towns a back-end defender more along the lines of a Rudy Gobert. Or perhaps there’s another rangy wing defender that could bolster what Bridges and Anunoby seek to do to cover for Towns and Brunson’s shortcomings.

Either way, the fix on defense figures to be a heavier lift than what’s necessary on offense.

— Chris Herring

Are there more dominoes to fall in New York?

There is an old mantra in sports that you can’t fire the players, so you fire the coach. The Knicks’ decision to fire Thibodeau is the latest example.

A change at coach does not absolve New York for its roster flaws, which were evident despite a 51-win season and became glaring in the conference finals loss to Indiana. President of Basketball Operations Leon Rose and his front office have work to do in building a bench better than the one that was barely used by Thibodeau.

Knicks reserves averaged the fewest minutes and points among all teams this season, while the team’s starters averaged the second-most points per game of any team since 1986-87.

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1:33

Why Stephen A. is upset by Knicks’ decision to fire Tom Thibodeau

Stephen A. Smith voices his disappointment in the Knicks for firing Tom Thibodeau.

Finding capable role players could prove to be difficult for New York this offseason. While the team’s top two reserves, Miles McBride and Mitchell Robinson, are under contract next season, New York has only the veteran minimum exception and part of the $5.7 million tax midlevel exception available to use in free agency. They will need to convince established veterans to sacrifice money elsewhere for a chance at competing for a championship.

The trades to bring in Bridges and Towns last summer left the Knicks depleted in draft assets and top-heavy in salary, making a more seismic change difficult. New York has only one tradeable first-round pick in the next seven years, a 2026 top-8 protected first from Washington. They have five players next season who will earn over $20 million: Towns, OG Anunoby, Jalen Brunson, Bridges and Josh Hart.

— Bobby Marks

What is Thibs’ legacy in New York and what could be next for him?

Thibodeau spent his career building up to the point where he got this job. A Connecticut native who grew up a Knicks fan, Thibodeau understood everything that came with the job — the intense scrutiny it brings, along with the notoriety that accompanies both success and failure.

And despite the immediate sting of losing the job, Thibodeau’s tenure will increasingly be viewed with fondness as time passes. The Knicks had won just one playoff series this century before Thibodeau led them to at least one in each of the past three years.

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1:22

Perk: Thibs didn’t deserve to lose his job!

Kendrick Perkins sounds off on the Knicks parting ways with Tom Thibodeau after five seasons.

He instilled an identity and a work ethic into the franchise that resonated with the city and was a natural callback to the glory days of the ’90s, given his time with the franchise as an assistant coach under Jeff Van Gundy.

The better question is what could be next for him. Thibodeau had already finished the season as the NBA’s oldest coach, and he doesn’t always get enough credit for shifting toward the modern game because of the heavy minutes he plays his starters.

But Thibodeau has a very long and established track record of turning teams around and raising ceilings, and it’s also hard to believe that his passion for coaching has dimmed even slightly. That’s particularly true after this charmed run for the Knicks was capped off by Thibodeau returning to the conference finals for the first time since 2011, his first season with the Bulls.

— Bontemps



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June 3, 2025 0 comments
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Coinbase Stunned With $60,168,095 XRP Mystery: What's Going On?
Crypto Trends

Coinbase Stunned With $60,168,095 XRP Mystery: What’s Going On?

by admin June 3, 2025


A major XRP transaction got attention on June 3 after 27.1 million XRP — worth about $60.1 million — was sent to Coinbase from a mystery wallet.

Whale Alert pointed out that the transfer was from an “unknown wallet” to Coinbase. Of course, that set off a lot of speculation. Was a whale getting ready to sell? Was this an outside group moving in?

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The timing made it interesting — the XRP price was quoting at about $2.24 and gaining some upward momentum. Large exchange inflows can sometimes be a sign that the market is about to move, so traders are starting to take notice.

But after taking a closer look, the mystery kind of faded.

It turns out the sending wallet was not unknown at all. It was Coinbase Cold Wallet 188 — one of the exchange’s long-standing storage addresses. The transaction was internal: Coinbase just moved $60 million worth of XRP between two of its own wallets.

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These kinds of transfers are usually tied to balancing liquidity, custody operations or hot wallet funding. There was not a major sell-off, and no whale like a third-party whale made any moves. It was just Coinbase doing some standard backend work.



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June 3, 2025 0 comments
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$561 Million Bitcoin From BlackRock Stun Coinbase: What's Behind It?
GameFi Guides

$561 Million Bitcoin From BlackRock Stun Coinbase: What’s Behind It?

by admin June 3, 2025


BlackRock has now moved over $560 million of Bitcoin into Coinbase Prime in just two days, according to Onchain Lens. On Monday, 4,113 BTC were transferred to Coinbase accounts linked to the firm. Today, another 1,249 BTC followed. Based on data from Onchain Lens, a total of 5,362 BTC — currently worth around $560.9 million — has been transferred since the start of the week. Most of it arrived in blocks of 300 BTC.

It all went to Coinbase Prime, a platform used almost exclusively for institutional trading and custody, often when assets are about to be sold, rebalanced or moved into new structures. 

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That is important because the timing lines up with a major withdrawal from BlackRock’s iShares Bitcoin Trust (IBIT). On May 30, a whopping $430 million, left the ETF, which was the most money taken out in a single day that the fund has ever seen. Another $130 million left on June 2.

Altogether, over a quarter-billion dollars left U.S. spot Bitcoin ETFs that day. The reasons are not confirmed, but the context is clear enough — Bitcoin has cooled off, sliding from highs above $112,000 to about $105,000 this week. 

Investors are doing all sorts of things with their investments, like locking in profits or reacting to the price pullback. Either way, the redemptions force ETF managers to unwind their positions. That is probably what happened here.

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Along with the Bitcoin transfers, BlackRock also took out 27,241 ETH about $69 million from Coinbase wallets and sent the money to addresses connected to its Ethereum ETF infrastructure.

BlackRock has not made any official comments, and there is nothing to suggest that they are getting out of the crypto business. But this is the first time in weeks that they have gone from steady accumulation to visible rebalancing, and with the size of their holdings, even routine moves tend to have an impact on the market.



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June 3, 2025 0 comments
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$730M in BTC Withdrawn from Bitfinex. What's Happening?
NFT Gaming

$730M in BTC Withdrawn from Bitfinex. What’s Happening?

by admin June 2, 2025


Earlier this Monday, 7,000 Bitcoins (roughly $730 million at current prices) were withdrawn from Bitfinex. 

Unusual Activity on Bitfinex 🚨

7,000 BTC ($730M) was withdrawn in a single transaction!

Large moves like this often signal custody changes or institutional action pic.twitter.com/lzxbnlSk3x

— Maartunn (@JA_Maartun) June 2, 2025

The transaction represents Bitfinex’s investment in Bitcoin treasury firm Twenty One Capital, according to CEO Paolo Ardoino. 

Tether Group had moved 4812.22029710 BTC to address bc1qzup4k7zn9jur7a8kz0dnaernzyf60h8ez6s9cpmp23wfw5djhvusd4p0v3 as part of the pre-funding of the initial convert/equity raise in Twenty One Capital (XXI)https://t.co/SqhVRzq3k9

— Paolo Ardoino 🤖 (@paoloardoino) June 2, 2025

 In April, it was reported that Tether, Bitfinex, and Cantor Fitzgerald joined forces with Japanese investment behemoth Softbank in order to launch the $3.6 billion Bitcoin investment firm. 

Tether previously purchased nearly $460 million worth of Bitcoin for Twenty One Capital in May. 

The company, which positions itself as a “pure play Bitcoin business,” is spearheaded by Strike CEO Jack Mallers. 

During a May interview, he clarified that Strike and Twenty One Capital he clarified that Strike and Twenty One Capital are entirely different companies. “They don’t share anything in Bitcoin apart from an interest in Bitcoin changing the world,” Mallers stressed. 

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Twenty One Capital initially plans to manage a whopping 42,000 Bitcoins ($4.4 billion at current prices). This would make the company the third-largest corporate holder of the leading cryptocurrency right from the get-go.

The recently announced company intends to go public via a SPAC structure. 

Mallers previously told Bloomberg that Strike and Tether were inspired by Strategy co-founder Michael Saylor acquiring Bitcoin. Then, this inspiration turned into an opportunity. 

“We feel like we can bring enough capital and be big enough to win. We are small enough to grow,” he stated. 

He has also stressed that this is a pure Bitcoin business, which would set Twenty One Capital apart from other companies pivoting to cryptocurrency from other areas. 





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June 2, 2025 0 comments
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Dogecoin Account Drops Casual 'Sup' Tweet: What's Behind It?
Crypto Trends

Dogecoin Account Drops Casual ‘Sup’ Tweet: What’s Behind It?

by admin June 1, 2025


On June 1, 2025, the official Dogecoin account on X tweeted a casual yet simple message: “Sup chat.” This brief greeting elicited a reaction from the Dogecoin community, with some viewing the post as a simple hello while responding the same. At the same time, some saw it as a potential precursor to upcoming developments or announcements related to Dogecoin.

While the post did not contain any specific information or updates, it effectively reignited conversations and interest around Dogecoin, highlighting the power of social media in influencing crypto communities.

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As of press time, there have been no official follow-up statements or announcements from the Dogecoin team regarding the “Sup chat” post. However, the community remains alert and active, prepared to respond to any future communications or developments.

Last week, asset manager 21Shares filed an amendment for its Dogecoin ETFs, which it had filed in April. This development comes only weeks after the U.S. Securities and Exchange Commission (SEC) acknowledged the filing, thereby initiating the review process.

Bloomberg analyst Eric Balchunas observed in an X post that the amended filing adds interest because these amendments often follow SEC comments.

312,375,048 DOGE lands on Coinbase

According to on-chain data, a total of 312,375,048 Dogecoin (DOGE) have been transferred to Coinbase in three separate transactions, fueling speculation of whale activity.

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Within the last 24 hours, Whale Alert reported three transactions of “104,125,016 DOGE worth $20,090,304 transferred from an unknown wallet to Coinbase.”

The transfers, totaling 312,375,048 DOGE, arrived on the prominent U.S.-based exchange within less than an hour, capturing the market’s attention.

The identity of the wallet(s) involved remains unknown, as well as the reason for the moves; however, holders typically move coins to exchanges when preparing to sell. The move might also be a mere fund reshuffling common with whales or large holders.

At the time of writing, DOGE was seeing slight losses, following the weekend’s sell-off. Dogecoin is down 0.28% in the last 24 hours to $0.188, having marked four days of drops since May 27. 



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June 1, 2025 0 comments
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Cardano Dips to $0.666: What's Next for ADA?
Crypto Trends

Cardano Dips to $0.666: What’s Next for ADA?

by admin May 31, 2025


Cryptocurrencies began the weekend in the red, with Cardano (ADA), the 10th-largest cryptocurrency by market capitalization, marking significant losses.

At the time of writing, ADA was down 4.08% in the last 24 hours to $0.677 following an earlier drop to $0.666, with intraday lows of $0.6567.

ADA/USD Daily Chart, Courtesy: TradingView

Cardano has declined since May 26 and will mark the fifth day of losses if today closes in the red. The drop caused ADA to drop below the 50-day SMA at $0.714, a key level that will determine whether ADA will extend its consolidation or fall further.

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If the ADA price remains below the 50-day SMA, it indicates that the bulls may be racing to the exit. ADA might fall to $0.60, where buyers are likely to come in. A bounce off $0.60 could indicate potential range trading in the short term.

To show strength, bulls might need to push and sustain the ADA price over $0.74. ADA could rise to the overhead resistance of $0.826, which coincides with the 200-day SMA and is a crucial level to monitor. A break and close over $0.826 and then $0.86 could send ADA to $1.01.

Cardano hits fresh milestones

Cardano has reached a significant milestone, now supporting a total of 2,002 projects building on its network. Bitcoin Ordinals have been bridged to Cardano for the first time using BitVMX, marking a new interoperability milestone.

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According to the most recent development report by Input Output, the number of delegated wallets held steady at 1.33 million, reflecting a slight weekly increase of 0.02% and indicating continued user engagement.

On the asset side, 10.81 million native tokens have been issued through 215,713 token policies. Development activity is increasing, with 134,286 Plutus scripts and 6,817 Aiken scripts deployed. Governance engagement has also increased, with 1,331 delegated representatives (DReps), including 963 active DReps, a 1.14% rise from the previous week. Developer contributions remain significant, with 305 GitHub commits, representing a 23.73% increase in weekly activity.



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May 31, 2025 0 comments
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