Author: NBTC

A fraud case in Beijing has drawn attention after stolen funds were lost in leveraged cryptocurrency trading. The case centers on a 60-year-old woman who used a false identity to obtain money through an online relationship before losing the proceeds in leveraged cryptocurrency trading. According to sources, the Haidian District Procuratorate in Beijing announced that a 60-year-old woman surnamed Meng was sentenced to four years in prison for fraud after swindling a young man out of more than 200,000 yuan. Prosecutors said Meng created the fictional identity of her adopted daughter, “Xiao Hong,” and posed online as a woman in…

In brief Wasting little time following the CFTC’s landmark Bitcoin perps approval on Friday, Kalshi has formally applied to self-certify derivatives tied to 12 major altcoins. The CFTC indicated that perpetual futures would be approved on a case-by-case basis, so the tranche of derivatives wasn’t immediately approved. Bitcoin anchors crypto’s derivatives market at nearly $55 billion in open interest, followed by Ethereum ($31.5 billion), Solana ($5.5 billion), and $XRP ($3 billion). Kalshi moved swiftly to lock down an emerging market for perpetual futures in the U.S. on Monday, filing to certify a menu of offerings tied to crypto’s leading altcoins.…

In its latest report, cryptocurrency analytics company Glassnode stated that the short-term outlook for the Bitcoin market is beginning to weaken and investors are adopting a more cautious stance. According to the report, Bitcoin rose from above $60,000 to over $82,000. However, this rise was followed by a loss of momentum, and the price retreated back towards the $77,000 range. Glassnode noted that sellers have regained control in the short term. According to company data, selling pressure in the spot market increased significantly. Spot CVD data saw an 848.7% decrease, while spot trading volume increased by 4.2%. This situation may…

Russian President Vladimir Putin announced a unilateral two-day ceasefire in the Russia-Ukraine conflict. The ceasefire, running from May 7 to May 8, was framed around security concerns ahead of Russia’s Victory Day celebrations on May 9. Crypto markets responded with a modest exhale. Bitcoin climbed 1.2% to $68,400, while Ethereum ticked up 0.8% to $3,200. A ceasefire in name only Ukraine accused Russia of violating the agreement with strikes on Kharkiv on May 8. Polymarket, the blockchain-based prediction platform, reflects skepticism in hard numbers. The odds of a Russia-Ukraine ceasefire holding through June 30, 2026, actually dropped to 8.5% from…

Brad Garlinghouse took the stage at $XRP Las Vegas for the fourth year running and did not waste time on pleasantries. Over roughly 22 minutes he covered Ripple’s commitment to $XRP, the Clarity Act’s shrinking window, the OCC trust charter, a Fed master account ambition, Ripple’s IPO timeline, and a pointed dig at a competitor doing its conference down the street. Here is everything that mattered. On Ripple’s Commitment to $XRP “I always thought it was kind of funny and strange that people questioned Ripple’s commitment to $XRP. Today, Ripple is still the largest holder of $XRP on the planet.…

On June 9, 2026, the Nigerian Senate passed a bill seeking to establish a clear legal and regulatory framework for virtual assets, and also adopted a motion to revive the country’s struggling textile industry. Sponsored by Deputy Senate President Barau Jibrin, the cryptocurrency legislation addresses the regulatory gaps in one of Africa’s largest digital asset markets. Nigeria’s Senate Passes Crypto Bill and Moves to Revive Textile Industry According to sources, Nigeria’s Senate has passed the Virtual Asset Service Providers Regulation Bill on second reading after a majority of senators supported it by voice vote. Contributors include Senators Oyelola Ashiru (Kwara…

CME Group has drawn about $50 million in notional volume during the first weekend of its new 24/7 cryptocurrency futures and options trading service. According to CME Group’s official update, more than 7,200 crypto futures and options contracts changed hands after round-the-clock trading began on May 29. The launch gave traders access to regulated crypto derivatives through the weekend for the first time on CME’s platform. CME crypto moves regulated crypto trading into weekends The new schedule moves CME’s crypto derivatives business closer to the nonstop structure of digital asset markets. Before the rollout, CME’s crypto futures and options followed…

Cryptocurrency analytics company CryptoQuant stated that the recent selling pressure on Bitcoin is largely due to short-term investors who have suffered losses. The company’s latest analysis states that the price drop between May 16th and May 18th provided important signals about market psychology. According to data shared by CryptoQuant, the “Bitcoin Short-Term Investors’ Total Profit and Loss (Exchange Data, Last 24 Hours)” metric measures whether short-term investors’ $BTC sent to exchanges are in profit or loss. This indicator allows tracking whether market sell-offs are due to profit taking or panic-driven sell-offs. According to the analysis, the most striking factor in…

The world’s two largest economies are heading into another high-stakes summit, and investors are scanning the horizon for anything resembling good news. President Donald Trump and Chinese President Xi Jinping are set to meet in Beijing, with markets hoping the talks produce concrete steps toward de-escalation after months of escalating tariffs, semiconductor sanctions, and geopolitical friction. The stakes on the table The US entity list now bans over 1,000 Chinese companies from accessing advanced chips and equipment, a restriction regime that has been building since 2016. Semiconductor export controls remain the sharpest edge of American technology policy, and Beijing views…

In brief Shuttle Pharmaceutical Holdings agreed to acquire United Dogecoin in a merger backed by $11 million PIPE financing. The combined company plans to deploy 3,000 ElphaPex mining rigs within 60 days of deal closing. Operation aims to capture 1.5% of global Dogecoin mining capacity at 43,200 GH/s hash rate. Nasdaq-listed Shuttle Pharmaceutical Holdings agreed to acquire United Dogecoin Inc. in a merger backed by $11 million in concurrent PIPE financing, creating a publicly traded miner for the leading meme coin. And the coin continued to rise Friday, outpacing the weekly gains of Bitcoin and other major cryptocurrencies. The transaction…