Author: NBTC

Open interest in perpetual contracts tied to stocks, metals and oil has doubled since late May as major crypto exchanges expand beyond digital assets, CryptoQuant reported. TradFi perpetual open interest climbs above $2B TradFi perpetual contracts have become one of the fastest-growing areas of the crypto exchange market, according to CryptoQuant’s report. The products give traders continuous exposure to traditional assets, including metals, crude oil and equities. Unlike standard futures, perpetual contracts do not have a fixed expiry date and use regular funding payments to keep their prices close to the underlying market. TradFi perpetual open interest climbs above $2…

Congressman Nick Begich (R-AK) sat down with the Bitcoin Policy Institute at PubKey in New York for a wide-ranging conversation that touched on his path from startup founder to Capitol Hill, his landmark American Reserve Modernization Act, and the dual promise and peril of artificial intelligence. The interview offered a window into one of Congress’s more technologically fluent members — a distinction Begich traces not to his political career but to the decades before it. Begich’s resume reads unlike most of his colleagues. After undergraduate studies in entrepreneurship at Baylor University and an MBA from Indiana University focused on information…

NVentures, NVIDIA’s corporate venture capital arm, may have acquired 141,834 shares in Revolut, Tech Funding News reported Friday, citing a UK Companies House confirmation statement. At the funding round’s reported share price, the stake would be valued at approximately $196 million, although neither NVIDIA nor Revolut has disclosed the investment’s size. According to a June Bloomberg report, Revolut was considering a secondary share sale that could increase its valuation to $115 billion, up from the $75 billion valuation it secured in November 2025 with backing from Coatue, Greenoaks, Dragoneer, Fidelity, NVentures and other major investors. The proposed transaction would enable…

Bloomberg analyst James Seyffart, who is closely followed regarding cryptocurrency ETFs, stated that Grayscale’s new exchange-traded fund (ETF) based on Hyperliquid is expected to launch this week. Seyffart announced on social media that Grayscale has submitted the sixth amendment to its Hyperliquid ETF application, stating that the fund’s ticker symbol will be HYPG. The analyst added that the ETF’s launch is now quite close and he expects it to happen this week. Related News Pavel Durov Announces: Toncoin (TON) Is Changing Its Name – Price Reacts Positively According to the application documents, the ETF’s annual sponsorship fee is set at…

Legislation Brings Regulatory Stability, Says Tenev During the company’s second-quarter earnings call, Tenev said that while the Trump administration has been “great” for the industry, regulatory stability is necessary. “We want the foundation of the industry in the U.S. to be durable,” Tenev added. “We don’t want the floor to be shifting out from under us every four, eight years, and new rules to be put in place.” The top executive viewed the Clarity Act as an “important step” in this direction and could boost many of the company’s offerings currently under development, . Record Revenue But Crypto Share Shrinks…

Meme coin trading has a new volume leader. Robinhood Chain’s suite of launchpads processed $1.23 billion in trading volume over the past seven days, edging out PumpSwap’s roughly $1.22 billion, according to the original report from WuBlockchain. The numbers appeared in on-chain data tracked by @Adam_Tehc. Robinhood Chain Overtakes PumpSwap in Weekly Meme Coin Volume The flip is a milestone for Robinhood’s attempt to build a native on-chain ecosystem, but the more telling signal is what didn’t happen. The surge in Robinhood Chain activity did not leach volume from Pump.fun, the Solana-based meme coin factory. Instead, total meme coin trading…

21Shares Says Bitcoin’s Upside Case Starts With a $70K Break Bitcoin could climb to $100,000 by the end of the third quarter if it clears $70,000 resistance, according to Matt Mena, Senior Crypto Research Strategist at crypto asset manager 21Shares. The forecast comes after the Federal Reserve signaled a more hawkish policy outlook. Market reaction to the Fed decision pushed $BTC down roughly 2%, though Mena viewed the decline as consolidation rather than a change in direction. He said the next major test is whether buyers can reclaim $70,000. The 21Shares senior crypto research strategist stated: “ Bitcoin itself, while…

Bitcoin, ether and every other major cryptocurrency fell on Friday, with many pointing to a Beijing startup that gave away a model that beat Anthropic’s best at writing code. Moonshot AI released Kimi K3 on Thursday, and by Friday morning, AI and semiconductor stocks were selling off across Asia as traders dubbed it a “Kimi moment,” an echo of the DeepSeek shock that erased roughly $600 billion from Nvidia’s market value in a single session. What Moonshot built is a 2.8-trillion-parameter model with a one-million-token context window, roughly four times the size of its previous version. It runs on a…

The Arbitrum Foundation has released a formal funding proposal outlining its operational budget for the 2027 fiscal year, signaling the next phase of financial planning for the Ethereum Layer-2 network. The proposal, which will go to an on-chain vote starting June 8, requests a total of $43.5 million in operating funds. Breaking Down the $43.5 Million Request According to the proposal, the foundation seeks funding composed of $16 million in real-world assets (RWA) and stablecoins, alongside 1,740 $ETH and 230 million $ARB tokens. The requested amount is deliberately lower than the foundation’s estimated total operating expenditures for 2027, which are…

The Hawkins County Commissioners in Tennessee passed their second ban related to digital assets, following a similar one in 2025. On Monday, the commission voted unanimously 12-0 to ban the establishment, construction, installation, expansion and operation of crypto mining facilities and data centers in unincorporated areas of the county. The government body had already banned similar activities in September 2025 as part of an effort to block the ExoticRidge mining company from establishing operations in the county, and passed a resolution in January affirming its authority to do so. ExoticRidge and Tennessee county officials proposed a settlement in January over…