Author: NBTC

US authorities have unsealed an indictment against three men accused of stealing at least $6.5 million in a “violent robbery spree targeting cryptocurrency owners.” The Justice Department said in a statement Monday that a federal grand jury indicted three men for allegedly planning to kidnap and rob four people around San Francisco and Los Angeles for their crypto. The trio, Elijah Armstrong, Nino Chindavanh and Jayden Rucker, are alleged to have posed as delivery drivers to force their way into residences and use threats of violence to extract crypto seed phrases. So-called wrench attacks, where crypto owners are subject to…

Gold just had its worst week in 43 years and Bitcoin hasn’t followed it lower. Michaël van de Poppe sees a $77-80K target forming as Bitcoin prints constant higher lows since February. Cathie Wood’s data shows gold’s big moves have historically preceded Bitcoin’s biggest rallies. Gold’s worst week in 43 years already happened. The question now is what Bitcoin does next. Bitcoin is currently trading at $70,951, holding above the higher lows it has been printing consistently since the February crash. While gold sits at $4,381 – down over 12% in a week – and silver has fallen to $68.8,…

The Ethereum price pullback toward $2,100 has turned a short-term price correction into a broader test of the market’s conviction in one of crypto’s largest assets. Data from CryptoSlate show that $ETH has fallen nearly 10% over the past week, wiping out its May gains and bringing traders’ focus back to the $2,000 level. This price performance came as selling pressure spread across spot markets, derivatives, and regulated investment products. The weakness has left Ethereum price caught between two competing forces. In the near term, rising oil prices, exchange inflows, aggressive futures selling, and ETF redemptions have weighed on the…

The U.S. government is holding an unrealized gain of roughly $26.5 billion on its Intel (INTC) stake after the chipmaker’s shares jumped more than 22% in pre-mrket trading on Friday, following a stronger-than-expected first-quarter earnings report. The position stems from an August deal in which the Trump administration converted $8.9 billion in CHIPS Act grants and Secure Enclave funding into 433.3 million Intel shares at $20.47 apiece, giving it about a 9.9% ownership stake. With Intel trading near $81.80 in pre-marketing trading Friday, the holding is now valued at approximately $35.4 billion, nearly tripling in less than a year. The…

JPMorgan just connected two landmark moves in a single week, and the $XRP Ledger sits at the center of both. One week after using the $XRP Ledger to settle a tokenized Treasury redemption in under five seconds. JPMorgan filed with the SEC on May 12 to launch a brand new tokenized money market fund. The fund, ticker JLTXX, is designed explicitly as a $GENIUS Act-compliant reserve asset for stablecoin issuers. JPMorgan news today is writing the blueprint for how Wall Street integrates with blockchain infrastructure. The JLTXX Fund and What It Actually Is The JPMorgan OnChain Liquidity-Token Money Market Fund…

MetaMask developer Consensys has formally requested that the U.S. Securities and Exchange Commission (SEC) exempt self-custody wallet providers from broker-dealer registration requirements, arguing that recent agency guidance has created an unintended regulatory gap affecting the vast majority of crypto tokens. In a comment letter submitted on May 11, the company warned that the current framework is practically unworkable for wallet providers and could push the market overseas. The Regulatory Gap Explained The SEC’s Division of Trading and Markets previously issued a staff statement clarifying that self-custody platforms used solely for trading crypto securities do not need to register as broker-dealers.…

Ethereum price remained under pressure on Monday as ETF outflows and weakening technical indicators pushed traders to closely watch the key $2,000 support zone. According to data from crypto.news, Ethereum ($ETH) traded around $2,112 at press time on May 19 after failing to reclaim the important $2,150 resistance area earlier in the session. The asset has now erased much of its recent rebound from April lows as broader risk appetite deteriorated across crypto markets. One of the largest headwinds for Ethereum has been the continued weakness in spot ETF demand. Over the past six trading sessions, U.S.-listed spot Ethereum ETFs…

India is turning to welfare payments to drive adoption of its central bank digital currency as it prepares to put the CBDC in the spotlight at a summit of BRICS nations later this year. The Reserve Bank of India is running about 10 pilot programs routing portions of the country’s roughly $80 billion welfare system through the e-rupee, Reuters reported Thursday. The effort aims to reduce leakage and corruption in subsidy programs while giving the CBDC a clearer use case after a slow rollout. In Maharashtra’s Phulenagar village, farmers are receiving programmable subsidies covering up to 80% of drip-irrigation costs,…

Digital asset infrastructure firm BDACS has signed a Memorandum of Understanding (MOU) with Layer 1 blockchain platform Aptos (APT) to broaden the ecosystem and infrastructure supporting the KRW stablecoin known as KRW1, according to a report from Yonhap News. The collaboration aims to accelerate real-world adoption of the stablecoin by leveraging Aptos’s established domestic and international payment and partnership networks. Strategic Partnership for Stablecoin Utility The MOU between BDACS and Aptos marks a notable step in the development of KRW1, a stablecoin pegged to the South Korean won. By integrating with Aptos’s high-throughput, low-fee blockchain, BDACS intends to make KRW1…

Michael Saylor said that the “CLARITY Act” bill, currently underway in the US Congress, could usher in a new era in digital asset markets. In a statement made via social media, Saylor stated that the regulation would accelerate the development of digital capital, digital credit, and digital equity markets, arguing that it would particularly strengthen institutional adoption of Bitcoin. According to Saylor, the CLARITY Act will facilitate institutional investor entry into the crypto asset sector by providing a clearer regulatory framework. The regulation is expected to clarify the legal status of digital assets and create a safer operating environment for…