Author: NBTC

Investor Chamath Palihapitiya issued a warning in an X post on Thursday. He argued that the political finger-pointing surrounding the construction of AI data centers could lead to the loss of 200 to 300 basis points of annual US GDP if the fighting continues. Chamath pointed to backlash from states like Texas, Ohio, and Pennsylvania as early signs of a situation that could spread across the United States. What did Chamath call a powder keg? Palihapitiya is a Silicon Valley venture capitalist and has painted the state-level fights over AI data centers as a national economic risk. In an August…

Coinbase CEO Brian Armstrong said in a CNBC interview that he expects the Clarity Act, a U.S. digital-asset market structure bill, to secure more than 60 votes in a Senate cloture vote scheduled for Sept. 15. Armstrong expressed confidence that the bill would pass the first key procedural hurdle after Congress reconvenes, allowing the Senate to begin debate and consider amendments. What is the Clarity Act? The Clarity Act aims to establish a comprehensive regulatory framework for digital assets in the United States, addressing market structure, consumer protections, and the jurisdictional boundaries between the SEC and CFTC. The bill has…

Pump.fun generated $10.03 million in protocol fees during the week of Aug. 3 to 9, marking the first time its weekly total crossed $10 million under its current reporting series. The Solana based token launch platform said fees increased 12% from the previous week as trading activity recovered across its launchpad, PumpSwap exchange and Terminal trading product. The latest newsletter described the period as the platform’s “first week above $10M.” Independent DefiLlama data supports the broader revenue recovery, although its rolling measurement window differs from Pump.fun’s fixed Aug. 3 to 9 reporting period. DefiLlama recorded $10.49 million of Pump protocol…

Blockchain analytics company Glassnode reported that Bitcoin retreated to around $62,600 after failing to sustain itself above $66,000. According to the company, weak demand in the spot market and the defensive positions of derivatives investors increased pressure on the price, while the resilience of long-term investors, rising network activity, and renewed ETF inflows continued to support the market. Glassnode’s report stated that Bitcoin failed to sustain the recovery that began after surpassing the $66,000 level and retreated again from the $65,000 region. The company noted that current price movements reflect a weakening of spot market momentum, and that ongoing net…

Decentralized lending protocol $MORPHO experienced approximately $36.39 million in liquidations of PT reUSD loop positions following a large trade in YT reUSD by an anonymous wallet address beginning with 0x854e, according to blockchain security firm PeckShieldAlert on X. What Happened on $MORPHO The incident unfolded as the address repeatedly purchased YT reUSD, causing the expected annualized yield to surge from the 11% range to the 20% range. Shortly after, the address quickly sold its YT reUSD position, triggering a cascade of liquidations across PT reUSD loop positions. YT reUSD represents the right to receive yield generated by reUSD until maturity,…

A new group of industries is reshaping political spending in the US as cryptocurrency, artificial intelligence and online betting companies pour money into the 2026 midterm elections. Corporate spending on House and Senate races reached $517 million in the 15 months through the end of the first quarter, already exceeding the $461 million spent by companies over the full two-year period covering the 2024 elections, said a Reuters report. The surge marks a shift in the sources of corporate political influence in Washington. Industries that were relatively small or nonexistent a generation ago are now using their growing financial power…

Cambodian authorities, working with the U.S. Drug Enforcement Administration (DEA), have uncovered and dismantled a cryptocurrency money-laundering network used by Mexico’s Sinaloa cartel, according to the Associated Press. The operation resulted in multiple arrests and the seizure of approximately $7 million in digital assets. Operation Details and International Cooperation The investigation, which involved close coordination between Cambodian law enforcement and the DEA, targeted a sophisticated laundering scheme that allowed the Sinaloa cartel—recently designated as a foreign terrorist organization by the Trump administration—to move illicit funds across borders using cryptocurrencies. While specific arrest numbers and the exact timeline have not been…

A report published by vaults.fyi on August 24 shows that curated DeFi vaults hold $11.29 billion, and five managers control more than two-thirds of it. While Vaults.fyi and DeFiLlama published two reports that disagree on totals due to the fact that they count vaults and protocols differently, where they see eye-to-eye is that the market is greatly concentrated. The top five curators manage 69% of curated DeFi TVL. Source: vaults.fyi Who are the top curators vaults.fyi identified? The vaults.fyi report, which is regarded as the widest survey of curated onchain markets so far, mapped $11.29 billion across 856 vaults, 131…

Cosmos Health’s crypto treasury was down about 46% at the end of June as the Nasdaq-listed company warned that recurring losses and reliance on outside financing raised substantial doubt about its ability to continue as a going concern over the next 12 months. The company held 474.85 ETH and 15.66 BTC worth a combined $1.66 million against a $3.1 million cost basis, leaving about $1.44 million in unrealized losses. Ethereum accounted for $1.25 million, or 87%, of the shortfall. The holdings stem from an August 2025 financing agreement with ATW Digital Asset Opportunities VII that allowed Cosmos to issue up…

Coinbase Chief Executive Officer Brian Armstrong urged the US Senate to move quickly on crypto legislation, warning that the US is falling behind other major economies that have already established rules for digital assets. In an Aug. 21 post on X, Armstrong said most G20 countries have adopted or are developing crypto frameworks, leaving the US as an outlier. He called for federal rules to give the industry clearer guidance and preserve the country’s position in global finance. The vast majority of G20 countries already have a regulatory framework for crypto trading. The UK just got theirs a few months…