Author: NBTC

$XRP saw limited price reaction following yesterday’s cross-border US treasuries settlement on the $XRP Ledger, while $ONDO rallied considerably. A major institutional blockchain test took place on Wednesday. Specifically, Ondo Finance, Ripple, JPMorgan, and Mastercard completed what participants described as the first near-real-time cross-border redemption of tokenized U.S. Treasuries on the $XRP Ledger. The transaction settled in less than five seconds and immediately attracted attention across the digital asset market. However, the price reaction revealed a familiar pattern in crypto markets. While $XRP barely moved, $ONDO captured most of the momentum. Key Points Ondo Finance, Ripple, JPMorgan, and Mastercard completed…

In brief Kalshi froze George Santos’ account and flagged his trades to the CFTC and DOJ, both of which have opened investigations, per NPR. Santos allegedly wagered he would skip Trump’s February address while publicly promising to attend, clearing tens of thousands of dollars in profit. The probes extend a run of prediction market insider trading investigations that have surfaced in the last few months. Two federal agencies are examining trades the pardoned former congressman George Santos allegedly placed on prediction market Kalshi, made against his own attendance at President Donald Trump’s State of the Union address while he told…

Josh Stevens, VP of Engineering at Polymarket, denied reports indicating that the prediction market platform would shift to a model requiring full customer ID for its operations. Kalshi’s Head of Enforcement, Robert J. DeNault, called Polymarket to enhance its compliance policies, as insiders were “using the platform left and right.” Key Takeaways: Josh Stevens denied adding KYC to existing Polymarket services but faces Kalshi pressure to comply next. On May 22, James Comer launched a probe into Kalshi and Polymarket over compliance and insider trading data. As compliance rules impact the industry, Kalshi and Polymarket both revamped their surveillance system…

Strategy paused reported bitcoin buying as Saylor said its “BitVac” is charging, highlighting bond-related activity after holdings climbed to 843,738 $BTC. The update underscores how debt, preferred stock, and liquidity reserves continue shaping the company’s treasury strategy. Key Takeaways: Strategy highlighted bond-related activity instead of bitcoin buying after holdings climbed to 843,738 $BTC. Preferred stock, debt obligations, and liquidity reserves remain central investor concerns. Future financing activity may signal another phase of large-scale $BTC accumulation. Saylor’s ‘BitVac’ Comment Puts $BTC Buying on Watch Michael Saylor, executive chairman of Strategy Inc. (Nasdaq: MSTR), shared on X on May 24, 2026, that…

A newly created cryptocurrency address, suspected to be linked to Bitmine (BMNR), a publicly traded company known for its strategic Ethereum holdings, has withdrawn 25,000 $ETH from the Kraken exchange. The transaction, valued at approximately $50.56 million at current market prices, was identified by blockchain analytics firm Onchain Lens approximately five hours ago. Blockchain Analysis Reveals Large-Scale Withdrawal According to Onchain Lens, the withdrawal originated from a Kraken hot wallet and was sent to a fresh address with no prior transaction history. Such movements are often interpreted by market analysts as a signal of intent to hold the assets long-term,…

Fabio Panetta, the Governor of the Bank of Italy and a long-standing skeptic of unbacked cryptocurrencies, has been elected Chair of the Board of Directors of the Bank for International Settlements. He will assume the role on 3 June 2026 for a three-year term, succeeding François Villeroy de Galhau. The BIS is essentially the central bank for central banks. It coordinates monetary policy among 63 member central banks and sets the intellectual agenda for global financial regulation. A crypto critic takes the wheel Panetta’s views on crypto are well-documented and decidedly unenthusiastic. He has repeatedly warned that unbacked crypto assets…

Blockchain layer-2 (L2) network Polygon reduced its average block time by 250 milliseconds to 1.75 seconds, marking its first block-time reduction since genesis as the network pushes deeper into stablecoin payments and settlement infrastructure. Polygonscan shows that the latest blocks on the network were created in 1.75 seconds. The upgrade means that Polygon can process around 14% more payments per second, reaching a maximum theoretical throughput of about 3,260 transactions per second (TPS), according to Polygon software engineer Lucca Martins. Shorter block times can help transaction backlogs clear faster, reducing the duration of network congestion and subsequent transaction fee spikes,…

The European Union’s Markets in Crypto Assets Regulation hits a hard deadline on July 1 when the transitional period ends and in-scope crypto asset service providers operating under national regimes must either hold a MiCA licence or stop serving EU clients. A spokesperson from the European Securities and Markets Authority (ESMA) told Cointelegraph that from that date, non-authorized entities “will not be allowed to operate within the EU” and should implement wind-down and client migration plans rather than rely on open-ended transitional status while awaiting a decision. The deadline could force some crypto firms to suspend EU operations while their…

Jeffrey Sprecher, chair and CEO of Intercontinental Exchange (ICE), said it is seeking a “level playing field” for onchain perpetual futures trading, amid recent reports that ICE and CME Group had urged the Commodity Futures Trading Commission to take a tougher stance on Hyperliquid. During a fireside chat at a Bernstein conference on Wednesday, Sprecher said that ICE — the parent company of the New York Stock Exchange — has met the Hyperliquid team multiple times to discuss overlapping business areas, as 24/7 onchain commodities derivatives trading gains momentum globally. Earlier this month, Bloomberg reported that ICE and CME, a…

After a terrible start to the weekend, the Bitcoin price jumped back to life on the back of news of a potential agreement between the United States and Iran. However, ignoring the potential impact of fresh geopolitical news or events, the current price structure suggests that new investors would be catching a falling knife. According to a chart highlighted on the X platform, the Bitcoin price appears bound for a drop to around $72,000, at least in the short term. $BTC Price Trading In Ascending Channel Pattern Prominent chartist Aksel Kibar took to the social media platform X to share…