Author: NBTC

Former bitcoin miner Hut 8 (HUT) agreed to pay $2.35 million to settle a securities class action alleging it misled investors in connection with its 2023 merger with U.S. Bitcoin Corp. (USBTC). The lawsuit, filed in the U.S. District Court for the Southern District of New York, focused on Hut 8’s all-stock merger with USBTC, which closed in November 2023. Investors alleged the company, which now focuses on AI data centers and high-performance computing, overstated the transaction’s benefits while failing to disclose persistent energy curtailment and internet connectivity issues at King Mountain, a Texas bitcoin mining joint venture in which…

Bitcoin climbed back above $82,000 on Monday before reversing lower. The trigger was four words from President Trump posted on social media: “I don’t like it.” Within minutes of the post, Bitcoin dropped nearly $1,200 from around $81,500 to $80,300. BREAKING: President Trump responds to Iran’s response to the US’ 14-point peace proposal:”I have just read the response from Iran’s so-called ‘Representatives.’ I don’t like it,” he says.Futures open in under 2 hours. pic.twitter.com/ropx1Ma8M1 — The Kobeissi Letter (@KobeissiLetter) May 10, 2026 The move triggered immediate liquidations across the crypto market and set off one of the most volatile 12-hour…

Blockworks has acquired Messari after securing a $192 million valuation earlier this year, deepening its push into crypto data infrastructure as competition intensifies to build the industry’s information layer. According to an announcement from Blockworks, the deal combines two of the largest crypto information businesses and represents the company’s first major acquisition since completing a Series A extension financing round that valued it at $192 million. Messari brings coverage of more than 40,000 crypto assets to the transaction. The company has spent eight years building data products covering markets, exchanges, stablecoins, protocols, token unlocks, fundraising activity, research, social sentiment, event…

$XRP ETFs have reached a new total cumulative netflow all-time high after ending the week as the second-largest gainers among crypto ETFs. While the $XRP price has struggled this year, down by more than 37% since 2026 began, investment products tied to the altcoin have maintained resilience, sustaining capital inflows. Specifically, $XRP ETFs recently hit a cumulative net inflow of $1.45 billion, marking a new all-time high for these products, according to data sourced by market resource Sosovalue. This comes on the back of a strong weekly performance, which saw them welcome $10.66 million in capital inflows while Bitcoin and…

In brief South Korean police have booked Bithumb CEO Lee Jae-won as a bribery suspect over allegedly hiring a legislator’s relatives. National Assembly member Kim Byung-ki allegedly requested the hiring while serving on a committee overseeing financial regulation. Police have raided Bithumb headquarters twice in 2026 as part of the corruption investigation. South Korean police have booked Bithumb CEO Lee Jae-won on suspicion of bribery for allegedly hiring the relative of a local lawmaker. According to reports in local media, the alleged scheme centers on National Assembly member Kim Byung-ki, an independent lawmaker who served on the Political Affairs Committee…

Coins.ph integrated bitcoin and ethereum into the Philippines’ national QR Ph network, allowing users to spend crypto seamlessly across nearly 700,000 local merchants. Key Takeaways: Coins.ph added BTC and ETH to the Philippines’ QR Ph network, letting users pay nearly 700,000 retail merchants. Analysts view this integration of digital assets as a critical viability test for regions with high remittances. Pending BSP approval, Coins.ph plans to launch its PHPC stablecoin to remove foreign exchange spreads. The Evolution of the Philippines’ QR Ph Network The integration of digital assets into the Philippines’ national quick-response (QR) code network is expanding to include…

Bitcoin is testing a weekly breakout setup that has appeared only 10 times since 2011, according to the chart. The pattern’s minimum historic gain points to a possible $138,836 target, while $72,988 remains the key drawdown level. Bitcoin Rejected at Channel Resistance as $BTC Holds Micro Support Near $80K Bitcoin traded near $80,690 on the 15-minute chart after another rejection from the upper boundary of the short-term trend channel. The chart from MCO Global shows $BTC failing to hold the breakout attempt near the $82,000 area, then pulling back toward the micro support zone. The first support area sits between…

Cardano founder Charles Hoskinson has provided new context around a previously discussed SpaceX-related initiative, stressing that the effort never reached execution. Speaking during a recent AMA session, Hoskinson responded to community questions about whether he “fumbled” a potential collaboration between Cardano and SpaceX. In response, he clarified that no deal collapse had occurred. Instead, discussions stalled because the financial requirements did not align with prevailing market conditions. Cardano and Midnight Holders Could Have Become Astronauts Hoskinson explained that the original idea went far beyond a standard marketing partnership. According to him, the deal centered on securing an entire SpaceX mission…

Hungary is set to decriminalize crypto trading, reversing restrictions that imposed potential jail terms for certain crypto-to-fiat and crypto-to-crypto transactions, according to Tisza government spokesperson Anita Köböl. Speaking at a Thursday press conference, Köböl said Hungary would unwind rules introduced last year that required approved validation for crypto conversions and attached criminal penalties to violations. She said the restrictions contributed to a decline in crypto trading activity in the country. “This was an unnecessary piece of legislation. It made practical operation impossible and frightened the market participants,” Köböl said, according to a translation by Cointelegraph. “The criminal consequences also negatively…

A new Solana DEX project has brought fresh attention to $XRP Ledger’s early exchange design. Crypto commentator Crypto Goblin said Mato, presented by founder Thomas Gehrmann at Solana Summit Germany, uses a continuous clearing auction to reduce front-running and order sequencing games. Mato’s pitch is based on processing orders in parallel rather than one at a time. The model lets orders stream across a user-set time period, then clears active demand and supply at a market price that updates as orders enter or leave. Its core message is that trading can become fairer when no party controls order sequencing and…