Author: NBTC

In brief Stripe founding engineer and progressive Saikat Chakrabarti was eliminated from the contest to succeed Rep. Nancy Pelosi. The pro-CBDC candidate railed against “tech oligarchs and crypto billionaires” while allocating $10 million to his own bid. Ripple co-founder Chris Larsen backed one of Chakrabarti’s opponents, while fueling a PAC that spent against him. Saikat Chakrabarti, a founding engineer at payment processor Stripe, lost his bid for Congress in California on Tuesday, failing to muster more votes than Scott Wiener, a candidate significantly backed by Ripple co-founder and Executive Chairman Chris Larsen. With 50% of votes tallied, Democrats Wiener and…

WaterX, an artificial intelligence-driven trading platform built on the Sui blockchain, officially launched its mainnet on June 9, marking a significant step for the ecosystem. Alongside the launch, the platform introduced a full compensation plan for users who participated in its beta testing phase, aiming to build trust and attract early adopters. Loss Compensation and Migration Details WaterX has committed to reimbursing beta test users who incurred a net loss during the testing period. To qualify, users must complete an asset transfer to a new account by June 22 and execute their first trade on that account. This move is…

Bitcoin’s on-chain indicators are showing their most positive signs since early February, but a new all-time high remains unlikely due to persistent selling pressure and cautious derivatives positioning, according to a recent report from Bitfinex. The analysis, cited by CoinDesk, highlights a nuanced recovery that still faces significant headwinds. Improving Metrics, Persistent Losses Bitfinex noted that several on-chain metrics have improved, suggesting a potential stabilization in network activity and investor sentiment. However, the daily average realized loss remains elevated at $479 million. The exchange stated that a true on-chain recovery cannot be confirmed until this figure drops to around the…

Ethereum is sitting at a critical point after slipping below a key range support level. If $ETH reclaims $1,743, analysts say the breakdown could turn into a bear trap and open the door to a stronger bounce. Ethereum Whales Stay Quiet as Analysts See Potential for Sharp Move Ethereum could be primed for increased volatility as on-chain data suggests large holders are not actively placing sell orders. According to analyst CW, the chart indicates an absence of significant $ETH whale sell walls, with selling pressure from major holders appearing limited. The data shows Ethereum trading near $1,682 while liquidity remains…

$RLUSD Supply Nears $1.6B Thanks to Institutional Demand and Cross-Chain Expansion Ripple’s $RLUSD stablecoin is steadily gaining traction in the digital dollar space, with total supply now approaching $1.6 billion. According to $XRP Ledger validator Vet, this isn’t a one-off surge but part of a sustained pattern of growth driven by consistent demand, marked by recurring cycles of minting and redemptions that point to deepening market activity. “Climbing toward a $1.6 billion total supply for $RLUSD once again,” Vet observed, noting that if current momentum continues, the stablecoin could realistically cross $2 billion in circulation before year-end. The outlook goes…

A recent letter sent to congressional leadership by the Blockchain Association is facing some scrutiny after it was revealed that many of its “law enforcement” signatories are currently employed by major cryptocurrency firms. The ‘law enforcement’ endorsement The Blockchain Association announced that it was “sending a letter to Senate Majority Leader Thune and Senate Democratic Leader Schumer, signed by 160 former national security, intelligence, and law enforcement professionals in support of the Clarity Act”. According to the trade group, the document “makes the case that digital asset market structure is a law enforcement and national security priority”. The association argued…

Bybit has introduced a limited-time zero-fee trading campaign on its TradFi platform, removing both commissions and swap fees on stock CFDs as it expands its presence in traditional financial markets. The exchange said the offer runs until July, and applies to more than 380 instruments, including global equities, commodities, indices, and forex pairs. The campaign also includes rebates of up to $100,000. Bybit said users can trade stock CFDs without paying commissions or overnight swap fees during the campaign period. The instruments include shares linked to companies such as Apple, Tesla, Microsoft, Nvidia, and Google. The offering also covers commodities…

Bitcoin staged a strong bounce on Thursday, rebounding sharply from a key technical support level just as the Senate Banking Committee began its live markup of the CLARITY Act. Crypto markets have been waiting months for this regulatory moment and the price reaction suggests at least some of that anticipation is being priced in real time. The bounce came directly off the 21-week exponential moving average,a level analysts had been flagging for days as the critical support line that would define whether the short-term uptrend remained intact. What the Chart Actually Says Despite the positive price action, analysts issued warnings…

Ethereum Foundation privacy project Kohaku lead Nico said Ethereum accounts can start preparing for post-quantum risks without waiting for a hard fork. In a June 2026 post on X, Nico wrote, “Ethereum can already start preparing accounts for a post quantum world, without waiting for a hard fork.” Ethereum can already start preparing accounts for a post quantum world, without waiting for a hard fork.Today, it would be just 0.07$ . Further audits incoming. Though I squeezed in a review with Fable before Uncle Sam crashed my party. Verity formal proof included for my… — Nico (@ncsgy) June 13, 2026…

The mechanics behind $XRP’s supply have always been public. A breakdown on X from crypto commentator Crypto Tony looks at the process of $XRP unlocks in particular, with the theory that the payments technology company is, in fact, diluting every holder of $XRP. The Escrow Machine and How It Works In a detailed post on X, a crypto commentator known as Crypto Tony laid out an interesting theory as to why Ripple keeps unlocking and selling millions of $XRP every month to his hundreds of thousands of followers. To understand the controversy, it starts with how $XRP was created and…