Author: NBTC

A group of US Senate Democrats is urging Senate Republican leaders to hold hearings into a reported $500 million deal between the Trump family’s crypto firm and Abu Dhabi royalty. In a letter on Tuesday, the Democrats told Republicans, who control the Senate, lead its committees and decide on hearings, that they should “immediately hold hearings” into the deal and have Trump administration officials testify about it under oath. The Wall Street Journal reported in January that an Abu Dhabi investment company backed by Sheikh Tahnoon bin Zayed Al Nahyan, the United Arab Emirates’ national security adviser, signed a deal…

Japanese crypto exchange subsidiary SBI VC Trade has significantly reduced trading costs for $XRP traders. The company has lowered the standard spread on $XRP/JPY leveraged trading to 0.5 yen for a limited time. SBI says the offer provides the narrowest spread in the industry. The promotion aims to encourage more Japanese investors to participate in leveraged $XRP trading. $XRP Leverage Trading Support Week Begins According to SBI VC Trade, the campaign runs from June 22 to July 3, 2026. The offer comes under the banner “Breaking the Spread Limit! $XRP/JPY Leverage Trading Support Week.” During the promotion, traders using the…

Bitcoin is trading just above $60,000 right now, and the network’s estimated all-in cost to produce a single coin is near $84,300, so the gap between the two is roughly a quarter, leaving mining underwater on a full-cost basis across much of the network. For years, the assumption was that this simply couldn’t happen, that production cost set a hard floor under the price, the thinking being that Bitcoin miners would switch off and the market would catch itself well before Bitcoin price fell that far below what it costs to make a coin. And yet the price has now…

Bitcoin’s [$BTC] calm did not last long. In fact, the latest dip has pushed $BTC below the $60K-mark. The bright side though? Despite its weak price, the big players look like they’re going nowhere. Chaos on the way for Bitcoin? Bitcoin was trading at around $59.5K at the time of writing, after losing the $60K-level. The $63K-support zone from earlier in the week has already failed in the short term. Source: Cryptoquant The exchange netflow chart looked positive though, with 2.6K $BTC. More $BTC was still coming into exchanges than out, even after the correction below $60K. This is important.…

Ethereum [$ETH] whales have waken up once more, with some staking and some buying. Lookonchain data indicated that Andreessen Horowitz (a16z) appeared to be purchasing Ethereum. According to the update, on the 23rd of June, a wallet associated with a16z took out $25,560 $ETH, or $42.62 million, from Binance. Source: Lookonchain/X On the same day, Tom Lee’s Bitmine bought another 35,138 $ETH, which was valued at $58.65 million from BitGo and Kraken. In fact, in the last week, Bitmine also paid $92 million for an additional 52,203 Ethereum. Sharplink staked more Ethereum As these two were accumulating Ethereum, the second-largest…

EY-Parthenon Chief Economist Greg Daco assessed the Fed’s current economic policies. According to Daco, the Fed will not raise interest rates because the root cause of inflation is not a surge in demand, but rather bottlenecks in the supply chain and a deepening “income squeeze” in the US economy. According to Daco, the monetary policy currently in place in the economy is already at a restrictive level. The Chief Economist notes that inflation is fueled by supply pressures rather than high demand, drawing particular attention to energy prices and the pressure that Artificial Intelligence (AI) technologies are putting on the…

Ripple built its identity on replacing SWIFT, the bank-messaging network that moves roughly $150 trillion a year, with $XRP as the bridge that would kill slow correspondent banking. A decade on, the banks kept SWIFT, adopted Ripple as a fast lane beside it, and the disruptor is learning to integrate. What that pivot means for $XRP is the real question. For most of its existence, Ripple defined itself by a single enemy: SWIFT, the global messaging network that connects roughly 11,000 banks and underpins the movement of something like $150 trillion a year. Ripple’s founding pitch was that SWIFT was…

Japan is moving ahead with a major regulatory reform that would transfer crypto assets from the Payment Services Act to the Financial Instruments and Exchange Act, or FIEA. According to XWIN Research Japan, the shift reflects a broader market reality: cryptocurrencies are increasingly being treated as investment assets rather than payment instruments. The firm also explained how the proposed changes could affect the DeFi sector. XWIN Research noted that after the approval of spot Bitcoin ETFs in the United States, institutional ownership expanded rapidly, helping bring Bitcoin into traditional asset management. Under Japan’s proposed framework, crypto assets would be classified…

Baton Corporation, the UK-headquartered development company behind Pump.fun, is recruiting a Chief Legal Officer at a base salary of $1M to $5M, co-founder Alon Cohen posted Wednesday on X. A $1M base floor for a CLO is well above the median for senior in-house legal executives at most crypto firms; the $5M ceiling rivals packages at major US investment banks. Per the job posting, the hire will lead regulatory engagement, respond to agency inquiries, and represent the company in proceedings alongside outside counsel. The job posting describes Pump.fun as processing “$300M+ daily volume” and says the platform generated “more than…

GitHub has been the home to Bitcoin Core and many other software projects in the Bitcoin industry for over a decade, but it was not the first collaborative version control platform to host the digital currency’s code, and it may not be the last. Recent performance issues in GitHub have triggered a new wave of criticisms of the platform, reviving old concerns and dissatisfactions with its design and reliability. Matt Corallo, one of the longest-acting Bitcoin core contributors, took to X recently to announce the decision to migrate off the platform, not Bitcoin core’s code base yet, but the Rust…