Author: NBTC

Bernie Sanders wants to take half the stock of America’s biggest AI companies and give it to the people. That’s the core pitch behind the American A.I. Sovereign Wealth Fund Act, which the Vermont senator laid out in a New York Times op-ed on June 1. The proposal calls for a one-time 50% stock tax on major AI firms, specifically naming OpenAI, Anthropic, and xAI as targets. The proceeds would establish a sovereign wealth fund designed to give American citizens direct ownership stakes in the technologies reshaping their economy. What the proposal actually does Rather than taxing corporate profits, which…

Protocol teams are reporting notable advancements in implementation, auditing, and formal verification efforts for Zcash’s impending Ironwood upgrade. Developers from various organizations have worked closely together over the last few days to address community concerns and technical issues related to one of the network’s most significant upgrades in recent years. Contributors to the project claim that protocol developers recently convened a number of meetings centered on implementation and specification specifics. The disabling of Orchard pool bundles in Coinbase transactions, improvements to hardware wallet migration through the use of anchors as authorization data, and agreement on the order in which ZIPs…

China’s State Council has announced new rules that will intensify scrutiny of outbound technology investments, with the regulations set to take effect on July 1. The move represents Beijing’s latest effort to keep Chinese capital pointed inward, toward domestic strategic priorities rather than foreign ventures. The announcement lands in a year that has already seen China’s central bank reinforce its existing bans on unauthorized cryptocurrency operations. A February notice placed further restrictions on offshore token issuance tied to domestic assets. What the new rules actually mean The State Council’s new regulations target outbound technology investments specifically. The specific sectors affected,…

Santiment, a cryptocurrency analysis platform, has announced the altcoins that stand out among projects connected to the Ethereum ecosystem, based on developer activity over the past 30 days. According to Santiment’s list based on GitHub data, MetaMask USD was the project that developers focused on the most, while Ethereum and Chainlink also ranked in the top three. Based on developer activity over the past 30 days, the following projects stand out in the Ethereum ecosystem: MetaMask USD (mUSD) – 584.1 Ethereum (ETH) – 161.23 Chainlink (LINK) – 134.73 Starknet (STRK) – 91.33 Radworks (RAD) – 90.27 Aztec (AZTEC) – 80.13…

Chainlink verifies tokenized gold through a system called Proof of Reserve, which pulls data from a token issuer’s off-chain gold vaults and publishes it on the blockchain so anyone can check that the number of tokens in circulation matches the physical gold in storage. A tokenized gold product, such as PAX Gold ($PAXG) or CACHE Gold (CGT), is only worth as much as the metal actually sitting in a vault somewhere. Without an outside check, buyers have to take the issuer’s word for it. What Problem Does Proof of Reserve Solve? Tokenized gold works by having a company buy and…

Bitwise completed its takeover ofSuperstate’s Crypto Carry Fund (USCC), giving the asset manager control of a tokenized investment vehicle that uses market-neutral crypto trading strategies to generate yield. Bitwise said on May 7 it would assume management of the fund from Superstate as the infrastructure company shifted its focus toward FundOS, its tokenized fund platform. The fund is available to qualified purchasers and seeks to generate yield through crypto cash-and-carry trades, a strategy that captures the premium between cryptocurrency futures and spot prices. It retains the USCC token ticker and existing smart contracts following the transition. According to Bitwise, the…

As demand for AI infrastructure continues to surge, decentralized GPU network io.net is posting some of its biggest numbers yet. The Solana-based project announced this week that it has signed an $8 million enterprise contract, is now processing more than 4 billion AI tokens per day through OpenRouter, and plans to burn at least 12 million $IO tokens over the next year under a new revenue-driven tokenomics model. The milestones coincide with io.net’s third anniversary and mark what the company describes as its strongest period of commercial growth to date. $8 Million Enterprise Contract io.net revealed it has signed an…

Virtuals Protocol recently announced impressive growth metrics, highlighting over $150 million in agent volume on the Robinhood Chain. The announcement, made via their official Twitter account, showcases the platform’s rapid expansion and the successful launch of more than 4,500 agents. This information can be found in their tweet here. The Story So Far The broader cryptocurrency market remains mixed, yet Virtuals Protocol stands out with its recent accomplishments. The protocol raised over $2.3 million for builders this week, signaling strong investor confidence and community support. Furthermore, the launch of 4,500+ agents represents a significant milestone, particularly as it coincides with…

Apotex Health Corp., one of Canada’s largest pharmaceutical companies, is preparing to go public on the Toronto Stock Exchange with an offering that could raise up to C$1.2 billion. The company filed a preliminary prospectus on May 28, 2026, under the ticker APTX. What the offering looks like The IPO is structured as a mix of newly issued treasury shares and secondary shares. The secondary component comes primarily from SK Capital Partners, the controlling shareholder looking to monetize part of its stake. Estimates for the offering size range between C$750 million and C$1 billion, with a potential upper ceiling of…

Cardano continued building institutional-grade infrastructure in Q1 2026, even as $ADA fell 27.4% quarter-over-quarter to $0.24, according to a new report from Messari. The report highlighted progress across stablecoins, tokenization, compliance, governance, and privacy-focused infrastructure. These developments support Cardano’s long-term goal of attracting institutional users and regulated financial activity. USDCx Milestone One of the quarter’s biggest milestones was the launch of USDCx, Circle’s regulated stablecoin on Cardano, on Feb. 27. Within weeks, USDCx became the network’s largest stablecoin. It ended the quarter with a supply of $17.5 million and captured 36% of Cardano’s stablecoin market. As a result, Cardano’s total…