Author: NBTC

Bitcoin miners have entered June with revenue above $1 billion for the first time in four months, but falling Bitcoin prices are already putting renewed pressure on mining economics. According to data from Newhedge, miners generated $1.086 billion in revenue during May, the highest monthly total since January. Most of that income came from the 3.125 $BTC block subsidy, which contributed roughly $1.079 billion, while transaction fees accounted for only a small portion of earnings. Source: newhedge Even as miners posted a stronger month, conditions have weakened since the start of June. According to data from crypto.news, Bitcoin ($BTC) price…

Software firm turned Bitcoin treasury company Strategy has been buying $BTC for more than five years, pioneering the growing trend of publicly traded firms that are adding cryptocurrencies to their balance sheets. What started as a way to “maximize long-term value for shareholders” has transformed into an industry-shifting paradigm that has been further fueled by greater entwinement of traditional financial markets and crypto. Along the way, Strategy has accumulated 843,738 $BTC, or roughly 4% of the fixed 21 million total Bitcoin supply—a stash worth nearly $65 billion at today’s Bitcoin price above $76,500.  Regardless of how high Bitcoin’s price…

A pointed critique from inside Ethereum’s developer ranks argues that ether’s 65% slide against Bitcoin ($BTC) since the Merge stems from specific execution failures at the Ethereum Foundation, not from broad market cycles or coordination problems. Reid, an ICO-era participant who still builds on Ethereum ($ETH), published the indictment, framing the underperformance as accumulated execution debt with names, dates, and missed product calls. A 65% Drop With Names Attached Reid’s central data point lines up with public market data. The $ETH/$BTC ratio peaked near 0.085 around the Merge in September 2022. It has fallen to roughly 0.028 by late May,…

Strive reported a larger bitcoin treasury after its Semler Scientific merger, reaching 15,009 bitcoin with no outstanding debt. The filing showed $929.4 million in digital assets, new medical-device revenue, and a major unrealized loss tied to fair-value accounting. Key Takeaways: Strive expanded its bitcoin holdings through purchases and the Semler Scientific merger. Medical-device revenue helped lift quarterly sales, while fair-value losses drove a large deficit. Daily SATA dividends are expected to begin soon, pending board declarations. Strive Reports Larger Bitcoin Treasury After Semler Deal Strive Inc. (Nasdaq: ASST) filed its quarterly report with the U.S. Securities and Exchange Commission (SEC)…

$XRP saw limited price reaction following yesterday’s cross-border US treasuries settlement on the $XRP Ledger, while $ONDO rallied considerably. A major institutional blockchain test took place on Wednesday. Specifically, Ondo Finance, Ripple, JPMorgan, and Mastercard completed what participants described as the first near-real-time cross-border redemption of tokenized U.S. Treasuries on the $XRP Ledger. The transaction settled in less than five seconds and immediately attracted attention across the digital asset market. However, the price reaction revealed a familiar pattern in crypto markets. While $XRP barely moved, $ONDO captured most of the momentum. Key Points Ondo Finance, Ripple, JPMorgan, and Mastercard completed…

In brief Kalshi froze George Santos’ account and flagged his trades to the CFTC and DOJ, both of which have opened investigations, per NPR. Santos allegedly wagered he would skip Trump’s February address while publicly promising to attend, clearing tens of thousands of dollars in profit. The probes extend a run of prediction market insider trading investigations that have surfaced in the last few months. Two federal agencies are examining trades the pardoned former congressman George Santos allegedly placed on prediction market Kalshi, made against his own attendance at President Donald Trump’s State of the Union address while he told…

Josh Stevens, VP of Engineering at Polymarket, denied reports indicating that the prediction market platform would shift to a model requiring full customer ID for its operations. Kalshi’s Head of Enforcement, Robert J. DeNault, called Polymarket to enhance its compliance policies, as insiders were “using the platform left and right.” Key Takeaways: Josh Stevens denied adding KYC to existing Polymarket services but faces Kalshi pressure to comply next. On May 22, James Comer launched a probe into Kalshi and Polymarket over compliance and insider trading data. As compliance rules impact the industry, Kalshi and Polymarket both revamped their surveillance system…

Strategy paused reported bitcoin buying as Saylor said its “BitVac” is charging, highlighting bond-related activity after holdings climbed to 843,738 $BTC. The update underscores how debt, preferred stock, and liquidity reserves continue shaping the company’s treasury strategy. Key Takeaways: Strategy highlighted bond-related activity instead of bitcoin buying after holdings climbed to 843,738 $BTC. Preferred stock, debt obligations, and liquidity reserves remain central investor concerns. Future financing activity may signal another phase of large-scale $BTC accumulation. Saylor’s ‘BitVac’ Comment Puts $BTC Buying on Watch Michael Saylor, executive chairman of Strategy Inc. (Nasdaq: MSTR), shared on X on May 24, 2026, that…

A newly created cryptocurrency address, suspected to be linked to Bitmine (BMNR), a publicly traded company known for its strategic Ethereum holdings, has withdrawn 25,000 $ETH from the Kraken exchange. The transaction, valued at approximately $50.56 million at current market prices, was identified by blockchain analytics firm Onchain Lens approximately five hours ago. Blockchain Analysis Reveals Large-Scale Withdrawal According to Onchain Lens, the withdrawal originated from a Kraken hot wallet and was sent to a fresh address with no prior transaction history. Such movements are often interpreted by market analysts as a signal of intent to hold the assets long-term,…

Fabio Panetta, the Governor of the Bank of Italy and a long-standing skeptic of unbacked cryptocurrencies, has been elected Chair of the Board of Directors of the Bank for International Settlements. He will assume the role on 3 June 2026 for a three-year term, succeeding François Villeroy de Galhau. The BIS is essentially the central bank for central banks. It coordinates monetary policy among 63 member central banks and sets the intellectual agenda for global financial regulation. A crypto critic takes the wheel Panetta’s views on crypto are well-documented and decidedly unenthusiastic. He has repeatedly warned that unbacked crypto assets…