Author: NBTC

The U.S. economy added 172,000 jobs in May, nearly double economists’ expectations, strengthening the case for Federal Reserve rate hikes this year. The unemployment rate held steady at 4.3%, according to data released Friday by the Bureau of Labor Statistics. Bitcoin remained under pressure following the report, trading below $62,000 as the broader crypto market nursed steep overnight declines. The 10-year Treasury yield jumped to 4.52% following the report. U.S. equity index futures were also lower, the Nasdaq 100 index down 1.2%. Oil prices edged modestly lower at $94 per barrel, while gold slid 1.1% to around $4,400 per ounce.…

As $RLUSD continues to see growing adoption, its supply across the crypto ecosystem has also continued to expand, especially on the $XRP Ledger. Recent data shared by an $XRP-focused treasury firm shows that $RLUSD has crossed a major milestone on the $XRP Ledger as the Ripple-issued stablecoin continues to gain traction. $RLUSD shifts to $XRP Ledger Notably, the on-chain data showcased by the firm shows that more than half of $RLUSD’s total circulating supply is now on the network, suggesting the stablecoin is increasingly being used on the $XRP Ledger. It revealed that about 52% of all $RLUSD in circulation…

The Clarity Act will need to be sold to a large number of Democrats in the coming days, if it’s going to advance from the Senate before Congress’ summer break and the focus on this fall’s midterm elections. Though a new and potentially final draft is set to emerge as soon as Tuesday, it’s still absent a resolution on what may be the last and most important sticking point: a section that bans senior government officials — including the president — from personally engaging in the crypto industry. That ethics provision remains at the forefront of the debate, and many…

Blockchain.com has partnered with Polymarket to bring prediction market trading directly into its app for users in eligible markets worldwide. The integration will allow users to explore, open, and manage positions tied to real world events without connecting an external wallet or transferring assets to another platform, the companies announced Tuesday. Users will be able to participate using digital assets already held in their Blockchain.com accounts, removing additional onboarding steps and deposit fees associated with moving between platforms. The launch comes as prediction market activity reaches record levels during the final matches of the global football tournament. Polymarket generated more…

As the tokenization boom and a fundamental reassessment of the role of public blockchains go on, Bitwise CEO Hunter Horsley shared his “hot take” on the utility of Ethereum and Solana. Despite skepticism toward cryptocurrencies in the summer of 2026, the fund’s chief mounted a forceful defense of the leading networks, calling doubts about the value of their native tokens a repetition of Wall Street’s biggest historical mistakes. The head of one of the largest crypto funds directly stated that the attempt to separate RWA infrastructure from the economic value of base-layer coins is simply the “2026 version of the…

A notable assessment has emerged suggesting that Bitcoin’s growth over the next 10 years will depend more on the direction of capital flows than on changes to the protocol. Michael Saylor, founder of Strategy, argued that Bitcoin’s future will be shaped around two key elements: minimizing protocol changes as much as possible, and further expansion of capital markets. According to Saylor, Bitcoin’s strongest feature is that its rules cannot be arbitrarily changed. Therefore, Saylor states that Bitcoin’s base layer will operate with a more conservative approach in the future, requiring a much higher threshold of proof and consensus for any…

Modern Treasury, a payment operations and money movement platform, has added support for $USDC on Base, a low-cost blockchain developed by Coinbase. The integration allows businesses to send and receive $USDC payments on Base while managing these transactions alongside traditional banking systems. Modern Treasury provides infrastructure for processing payments across ACH, RTP, FedNow, wire transfers, and stablecoin networks. With the new integration, companies can connect onchain payments to their existing financial workflows without relying on multiple separate services. Base is a blockchain network focused on scalable onchain applications. The platform is designed to make blockchain-based products easier and cheaper to…

Bitwise has submitted an amended S-1 registration statement for its proposed spot $NEAR Protocol exchange-traded fund (ETF) to the U.S. Securities and Exchange Commission (SEC). This filing indicates Bitwise is actively progressing through the regulatory review process for a new digital asset investment product. The S-1/A amendment, filed on July 2, 2026, updates the initial registration statement for the Bitwise $NEAR ETF. Such amendments are common as applicants respond to SEC feedback and refine their proposals for new financial products. Bitwise’s Amendment No. 2 to FORM S-1. Source: https://www.sec.gov The move by Bitwise follows a broader trend of asset managers…

The U.S. Commodity Futures Trading Commission [CFTC] has ordered Kalshi to honour certain event contracts involving Michigan residents. It argues that states cannot compel federally regulated derivatives exchanges to cancel trades that have already been executed. The decision comes after the regulator exercised its emergency authority to stay an emergency rule. The rule was proposed by Kalshi in response to a Michigan state court order requiring the company to unwind certain previously executed trades. CFTC blocks Kalshi’s emergency rule According to the CFTC, Kalshi submitted an emergency rule on July 14 that would have force-liquidated certain event contracts held by…

Technology group Naver has entered the U.S. crypto infrastructure market through its first investment in the sector, backing New York-based stablecoin payments provider Rain. The move comes as the company prepares for a delayed combination with Dunamu, operator of South Korea’s Upbit exchange. According to the Korea Economic Daily, Naver Ventures joined Rain’s $250 million Series C financing in January. However, the exact investment amount was not disclosed publicly. ICONIQ led the round, which valued Rain at $1.95 billion and lifted its total capital raised above $338 million. Rain Extends Naver’s Stablecoin Payment Reach Basically, Rain builds infrastructure that allows…