Author: NBTC

Coinbase CEO Brian Armstrong has rejected calls for a new AI self-regulatory body, arguing that existing laws already provide enough protection against harmful AI. His remarks came just a day after the crypto exchange disclosed that AI now writes over 95% of its code, more than twice the figure the company reported earlier in the year. Armstrong Says Existing Laws Already Cover AI Risk It all started with a proposal from Google DeepMind CEO Demis Hassabis on July 14, where he called for the creation of a federally overseen standards body to test and certify frontier AI models before they…

Prediction markets logged billions but did not take the same side France’s surprise World Cup elimination delivered a favorable result for major sportsbooks after Spain defeated the tournament favorite 2-0 in Tuesday’s semifinal. Draftkings and Betmgm told Front Office Sports that France represented their largest remaining liability in the outright winner market, while Fanduel said France had attracted the most money among the teams still alive before kickoff. Betmgm’s exposure was even more concentrated on the semifinal itself. The operator reported that 94% of the money in its qualification market backed France to reach the final. Mbappé was also the…

The White House’s chief crypto adviser, Patrick Witt, and his predecessor in that role had both said that they’ll need Congress to fully back up the formation and activation of the crypto funds. Presidential orders don’t carry the weight of law, and no legislation has yet advanced, though such efforts have simmered among lawmakers in both the Senate and House of Representatives, And if Republicans lose the majority in the House or both chambers in this year’s midterm elections, it’s unlikely such a bill will formalize Trump’s concept anytime soon. Read More: Those who cheered U.S. Bitcoin reserve have spent…

Arthur Hayes reinforced the Ethereum accumulation narrative after Lookonchain reported that he purchased 1,293 $ETH worth approximately $2.48 million. Source: Lookonchain The transaction followed another notable move, where a separate whale transferred 21.3K $ETH valued at about $40.95 million from Fidelity Custody into a newly created on-chain wallet. Source: Onchain Lens Rather than signaling exchange withdrawals, the transfer reflected capital moving from traditional institutional custody onto decentralized rails. This shift suggested the holder intended to deploy the assets on-chain or maintain direct custody. Together, both transactions highlighted growing confidence among large investors despite Ethereum trading below the psychological $2,000 barrier.…

As the world’s most powerful economy and the widely regarded leader of the free world celebrates its 250th Independence Day, various initiatives are emerging to contribute in some way, including one from Ripple. The company behind the popular $XRP altcoin announced that it has joined a nonprofit helping unemployed veterans to get high-quality jobs after their military service. The organization, called Call of Duty Endowment, said it has already funded over 165,000 veterans, but explained that there’s still a high unemployment rate among the younger generation, which means that there’s “still more work to do.” It wants to find jobs…

Proposal calls age estimation facial recognition Rep. Josh Gottheimer (NJ-5) introduced the bipartisan proposal on Wednesday with eight original cosponsors, seeking federal facial age checks across online sportsbooks and prediction markets. The Facial Recognition to Protect Children Act would require platforms to verify a user’s age either when the person logs in or before a wager or trade is placed. The bill’s original co-sponsors are Reps. Jeff Van Drew, Nick LaLota, Kristen McDonald Rivet, Jimmy Panetta, Darren Soto, Tom Suozzi, Ritchie Torres and Bruce Westerman. Gottheimer’s office said the technology would read facial structure and patterns to estimate a user’s…

BlackRock, the world’s largest asset manager with over $10 trillion in assets under management, has moved a significant amount of cryptocurrency off the Coinbase Prime exchange platform. According to data from blockchain analytics firm Onchain Lens, the firm withdrew 1,246 Bitcoin (BTC), valued at approximately $80.6 million, and 3,542 Ethereum ($ETH), worth roughly $66.9 million, from the exchange. Understanding the Withdrawal In the cryptocurrency market, large-scale withdrawals from exchanges are generally interpreted as a signal that the holder intends to store the assets in self-custody or a cold wallet for the long term, rather than keeping them available for trading.…

In brief Bernstein analysts kept a $150,000 Bitcoin price forecast in play despite its nearly 50% retrace from all-time highs. Analysts pointed to potential regulatory clarity and Strategy remaining a net $BTC buyer as possible tailwinds. Bitcoin has jumped more than 6% this week, hitting its highest point in the last two weeks. Since reaching a new all-time high price last October, Bitcoin has failed to meet lofty future price targets from enthusiasts and analysts alike, falling nearly 50% since that time. But as it changes hands at $63,836 on Monday after touching $63,900 earlier in the day—its highest price…

Zama says a lending vault that accepts only confidential $USDC has grown into one of the largest $USDC vaults on Morpho’s Ethereum deployment, weeks after opening to depositors. According to a July 16 post from Zama, the Steakhouse Confidential Prime $USDC vault held $23.23 million at Ethereum block 25,544,806. The company said that placed it eighth by total deposits among Morpho V1 and V2 $USDC vaults on Ethereum. The ranking and deposit figure reflect Zama’s stated snapshot and can change as users deposit or withdraw funds. https://t.co/9p5gqQ7EEu — Zama (@zama) July 16, 2026 Confidential $USDC moves into established DeFi infrastructure…

Pi Network, which once traded near $3, has now fallen below $0.30 and is currently trading around $0.1154, marking a decline of approximately 96.17% from its all-time high. The sharp decline in Pi Coin’s price has significantly weakened investor sentiment toward the project. As a result, crypto influencer and trader Tabraiz Shams, who previously supported Pi Network, now describes it as a “dead project.” Pi Coin Price Faces Continued Selling Pressure According to Tabraiz Shams, the primary reason behind Pi Coin’s decline is its token supply. “There’s too much supply for very little demand.” Currently, Pi Network has a total…