Author: NBTC

Lawmakers in the US House Committee on Agriculture’s Subcommittee on Commodity Markets, Digital Assets, and Rural Development held a hearing on how the Commodity Futures Trading Commission (CFTC) could address oversight of prediction market companies, including discussions of pending crypto market structure legislation. In a Tuesday hearing on “Examining Customer Protections and Market Integrity in Sports Event Prediction Markets,” Carl Kennedy, a partner at New York law firm Katten Muchin Rosenman, said that the CFTC was likely too “short-staffed” to fully deal with the regulation and enforcement of prediction market platforms like Kalshi and Polymarket. According to the lawyer, the…

Shiba Inu has resumed trading in the green territory amid the broader market rally as bulls appear to be driving demand while momentum builds again. Following the positive market situation, the Shiba Inu exchange activity has also turned bullish as buying activity on the meme token has increasingly outpaced sell attempts. $SHIB bulls activate Per data provided by crypto analytics platform CryptoQuant, Shiba Inu has seen a mild decline in its exchange netflow, which is currently sitting at -87,572,400,000 $SHIB. The negative balance in the $SHIB exchange flow indicates excessive buy activity over sell attempts. This suggests that the amount…

Singapore-based Bitcoin mining company Poolin on July 22 filed for Chapter 11 bankruptcy protection in New Jersey, alongside its US affiliates Lonestar Dream Inc. and Lonestar Taproot LLC. The firm is also looking for court approval for a $52 million sale of its Texas mining properties. The bankruptcy filing comes nearly four years after Poolin froze customer withdrawals, leaving thousands of wallet users with IOU tokens and turning a mining business failure into a long-running creditor dispute. Poolin Enters Chapter 11 With $173 Million in Liabilities Court records filed in the US Bankruptcy Court for the District of New Jersey…

Bitcoin ($BTC) stayed uncertain at Tuesday’s Wall Street open as US stocks responded to an earlier Asia tech sell-off. Key points: Bitcoin bulls attempt to avoid a deeper drop below local lows amid risk-asset volatility. Multiple factors are blamed for the current weakness and stocks reset, with Micron earnings due on Wednesday. Rolling crypto liquidations pass $1 billion over 24 hours. $BTC price on the edge amid stocks volatility Data from TradingView showed indecisive $BTC price moves on low time frames with $62,500 now a focus. $BTC/USD one-hour chart. Source: Cointelegraph/TradingView Asia market weakness sparked two dips below the $62,000…

Ethereum price has remained trapped below $2,000 as rising oil prices, renewed interest-rate concerns and BitMEX’s planned shutdown have tempered bullish sentiment despite continued spot ETF inflows. According to data from crypto.news, Ethereum ($ETH) price traded near $1,927 on July 23 after reaching an intraday high of $1,941. The token has recovered more than 27% from its June low near $1,514, but repeated failures around $1,955 have kept the psychological $2,000 level beyond buyers’ reach. Oil supplied the latest macro pressure as Middle East tensions pushed crude prices higher for a fifth consecutive session. West Texas Intermediate rose above $90…

Jefferies said it expects a new wave of crypto and blockchain-related public listings as institutional adoption of digital asset infrastructure accelerates across Wall Street and the payments industry. In a report published after its first Digital Assets Investor Conference in New York, Jefferies said it expects a surge of crypto-related public listings over the next two years and believes the sector could grow into a $1 trillion public market within five years. The conference, which gathered executives from 35 digital asset companies alongside roughly 150 institutional investors, focused less on bitcoin price speculation and more on how blockchain systems are…

General Updates Neo Global Development opened a one-month registration window, June 8 to July 8, for users still holding unmigrated Neo Legacy $NEO and $GAS to submit their details and verify ownership. Verified holders will then be guided through an off-chain conversion that reissues an equivalent amount of $NEO and $GAS on the Neo X chain. Eligible assets are limited to $NEO and $GAS. The program does not list any NEP-5, NEP-17, or other Legacy token types as eligible. Neo co-founder Erik Zhang met with Zhu Gongshan, the founder, chairman of the board of directors, executive director, and chief executive…

While retail investors are pushing unprecedented volumes of trade through crypto perpetual futures, consumer advocacy organizations are quietly working to shape the regulatory framework governing one of the most high-risk products. Instead of just lobbying to Congress, these organizations are influencing the regulatory process through submitting comment letters, filing court briefs, and pushing regulators to impose greater restrictions on the industry before rules are finalized. One of the most active groups is Better Markets, a Washington-based nonprofit led by former Skadden attorney Dennis Kelleher. According to its website, the organization has submitted more than 500 comment letters to financial regulators…

Cryptocurrency exchange MEXC has launched staking support for Bittensor’s native $TAO token, allowing users to earn rewards by helping secure one of the largest decentralized artificial intelligence networks. Bittensor validator Yuma announced Tuesday that MEXC has integrated its validator infrastructure to support $TAO staking for the exchange’s reported 40 million users. Yuma participates in Bittensor’s consensus mechanism by evaluating the performance of network subnets — specialized AI applications that perform specific machine learning tasks — and assigning weights that help determine how staking rewards are distributed. The companies said the integration is intended to expand access to the Bittensor ecosystem…

Allen Konevsky, Chairman and Chief Executive of tZERO Group, one of only two firms to hold a special purpose broker-dealer licence from the US Securities and Exchange Commission, has said he has a long-term bias toward tokens that function as infrastructure ingredients rather than stores of value, singling out $XRP and Ether as assets better suited to the future of tokenized capital markets than Bitcoin. Bitcoin Versus $XRP Question Asked directly to choose between Bitcoin and $XRP, Konevsky said the question is one he gets in various forms regularly, and that his answer consistently comes back to the same underlying…