Author: NBTC

Ethereum ($ETH) prices continue to face heavy selling pressure as rising oil prices, and continued ETF outflows weigh in. $ETH recently slipped toward the critical $2,120 psychological support zone after briefly falling near $1,800 during rising geopolitical tensions tied to the Israel-Iran conflict. Now, BitMine Chairman and Fundstrat co-founder Thomas Lee believes oil prices may be one of the biggest reasons behind Ethereum’s recent weakness. Tom Lee Says Oil Prices Are Hurting $ETH According to Lee, Ethereum currently has one of its strongest inverse correlations with oil prices in years. That means when oil prices rise sharply, $ETH tends to…

IREN (IREN) co-founder Daniel Roberts outlined an ambitious vision for the company as a vertically integrated AI infrastructure platform in a lengthy X post on Friday, arguing that the biggest bottleneck in artificial intelligence is no longer chips, but physical infrastructure.“AI demand grows exponentially. Infrastructure doesn’t,” Roberts wrote, pointing to growing constraints around power, land, cooling and data center construction.Roberts said IREN’s strategy is built around three layers: physical infrastructure such as power and data centers, compute infrastructure including NVIDIA GPUs and servers, and enterprise software and operational tooling. “Layers 1 and 2 are where the overwhelming majority of IREN’s…

A delivery robot just paid for something onchain. No human wallet holder, no manual approval, no traditional invoicing. Just a machine completing a task in a simulated Seoul environment and settling the bill in $USDT on its own. The demonstration, announced on May 12, 2026, by peaq, a Layer 1 blockchain built for what it calls the “Machine Economy,” featured a Serve Robotics delivery bot navigating a simulated urban landscape via NAVER Maps, completing deliveries, and processing payments onchain using Tether’s Wallet Development Kit and Solana as a settlement layer. It’s one of those demos that sounds like science fiction…

The CLARITY Act, a key piece of cryptocurrency regulation legislation, may face a delay in its Senate vote as the chamber’s June schedule becomes increasingly crowded with competing priorities. The update comes from Eleanor Terrett, host of Crypto in America, who reported via social media that the bill is now competing for floor time with several major pieces of legislation. Competing Legislative Priorities According to Terrett, the Senate’s June calendar is already packed with significant bills, including a budget reconciliation package, the reauthorization of the Foreign Intelligence Surveillance Act (FISA), and a housing bill that recently passed the House of…

South Korea-based cryptocurrency exchange Bithumb has announced it will list its OpenGradient ($OPG) token on the Korean won (KRW) market. According to the exchange’s statement, deposits and withdrawals for $OPG will open within two hours of the announcement. Trading is scheduled to begin on May 22, 2026, at 2 PM Turkish time. Bithumb emphasized that $OPG transactions will only be supported through the Base network, and transfers from other networks will not be accepted. Furthermore, as part of standard security procedures applied to new listings, buy orders will be restricted for the first five minutes after trading begins. During the…

Tenbin Labs has overhauled its bridge infrastructure, announcing a full transition from LayerZero to Chainlink’s Cross-Chain Interoperability Protocol (CCIP) following an internal audit. The company cited heightened security concerns after recent industry incidents, noting that LayerZero no longer met its evolving safety standards for real-world asset tokenization. As a result, Tenbin Labs will now use only Chainlink CCIP for all cross-chain operations on its platform. Security concerns and audit findings The catalyst for this infrastructure shift was a series of cross-chain cyber incidents that have unsettled the blockchain ecosystem in recent weeks. Tenbin Labs’ internal security review concluded that LayerZero’s…

Harvard Management Company, the entity that manages Harvard University’s endowment fund, sold all of its Ether ($ETH) holdings after just one quarter, according to its Q1 2026 United States Securities and Exchange Commission (SEC) filing. The endowment no longer holds the $87 million in BlackRock iShares Ethereum Trust exchange-traded fund (ETF) shares, which it held in Q4 2025, according to its Q1 2026 SEC filing. Harvard also reduced its exposure to Bitcoin (BTC) in Q1 2026, offloading about 2.3 million Bitcoin ETF shares. The endowment fund still holds more than 3 million shares of BlackRock’s iShares Bitcoin Trust ETF, valued…

US President Donald Trump made noteworthy remarks about the new Federal Reserve Chairman Kevin Warsh at a ceremony held at the White House. Trump said Warsh “will be remembered as one of the best Fed chairmen in history.” In his speech, Trump argued that he wanted Warsh to act independently, saying, “Don’t look at me, do your own job.” The US President also maintained that the Fed would make its decisions completely independently and that Warsh would restore the institution’s reputation. Trump, also commenting on the economy, said that economic growth does not necessarily mean inflation. Referring to the rise…

Near Protocol just solved one of blockchain’s most annoying scaling problems: the part where humans have to manually intervene every time the network needs more room. The project announced dynamic resharding, an upgrade arriving in June 2026 that lets the network automatically spin up new shards whenever existing ones get too full. The market’s reaction was immediate. $NEAR’s native token surged roughly 27% to 30% within 24 hours, trading around $2.24 to $2.27 and making it one of the best-performing large-cap tokens in the period. What dynamic resharding actually does Think of shards like lanes on a highway. When traffic…

United States House Representative Nick Begich of Alaska has introduced the American Reserve Modernization Act (ARMA), legislation designed to write President Donald Trump’s Strategic Bitcoin Reserve into permanent statute and insulate the federal government’s Bitcoin holdings from being unwound by a future administration. ARMA seeks to do for the Strategic Bitcoin Reserve what the CLARITY and GENIUS Acts are designed to do for the crypto market structure and stablecoins, which is to codify the framework so it survives the next election. Begich, in a statement on X, said the bill would protect digital reserve assets “from the whims of Congress…