Author: NBTC

Elon Musk’s SpaceX is preparing to launch what could become the largest initial public offering ever recorded, with the rocket and satellite company expected to price the deal as early as June 11 and list on the Nasdaq exchange, sources familiar with the matter told Reuters on Friday. According to news organization, citing three people with knowledge of the discussions, SpaceX has moved up its IPO schedule and now plans to make its prospectus public as soon as next Wednesday. The company is targeting the start of its investor roadshow on June 4 and could begin trading as early as…

Amid the growing popularity of Ripple USD ($RLUSD), we’ve outlined everything you need to know about the stablecoin. Over the past few years, stablecoins have emerged as one of the most important segments of the cryptocurrency industry. They combine the speed and flexibility of blockchain with the price stability of traditional assets such as fiat currencies. Unlike volatile cryptocurrencies like $XRP or Bitcoin, stablecoins maintain a peg to assets such as the U.S. dollar. As a result, they are better suited for trading, payments, remittances, and institutional settlement. Although Ripple USD ($RLUSD) launched more than a year ago, many market…

A crypto exchange letting you buy real stocks with stablecoins sounds like something from a 2021 pitch deck that never shipped. MEXC just shipped it. The exchange launched RealStocks on June 1, a product that gives eligible users the ability to purchase and hold actual equity shares of companies listed on the NYSE and NASDAQ. Not tokenized approximations, not synthetic exposure, not perpetual contracts that track stock prices. Real shares, held through a broker, with full shareholder rights including dividends. How RealStocks actually works Users stay within the MEXC interface they already know, transact in USDT, and buy shares of…

Bitfufu, the cloud mining platform owned by Bitmain, disclosed in its first-quarter earnings report that it holds 1,794 Bitcoin on its balance sheet. The company reported total revenue of $72.7 million for the quarter, a decline of 6.8% compared to the same period last year. Revenue Breakdown and Core Operations The company’s revenue was primarily generated through two segments. Self-mining operations contributed $11.4 million, while hosting and other services brought in $3.8 million. The remainder of the revenue came from its cloud mining subscription sales, which remain the core of Bitfufu’s business model. The decline in overall revenue reflects broader…

A bug inside Coinbase’s Base froze a critical part of the network’s infrastructure. It has raised fresh questions around the resilience of Ethereum’s growing Layer-2 ecosystem. However, the issue did not stop users from sending transactions or interacting with applications on Base. Blocks reportedly continued to be produced and the network appeared to function normally. But behind the scenes, a key component which aws responsible for updating Base’s state on Ether stalled for more than 30 hours. This event came to notice after developers flagged that the state updates and withdrawals to Ether were stopped. Base’s 30-hour glitch raised layer-2…

A credible Iran–US peace memorandum that ends the current war and reopens the Strait of Hormuz would likely bleed some “war hedge” premium out of Bitcoin in the short term, while strengthening the longer term case for $BTC as states quietly diversify away from the dollar in a more multipolar Gulf. Axios reports that US and Iranian negotiators are closing in on a one page memorandum that would end the current war, per Axios, reopen the Strait of Hormuz to normal shipping, and launch thirty to sixty days of talks on nuclear limits and phased sanctions relief. Reuters says Tehran…

In brief Bitcoin Depot has issued a “going concern” warning, signaling severe uncertainty over its ability to survive the next 12 months. The company’s preliminary Q1 financial results revealed a 49% year-over-year revenue drop and a $9.5 million net loss. The kiosk operator is actively fighting consumer protection lawsuits from state attorneys general in Iowa and Massachusetts. Bitcoin Depot issued a “going concern” warning on Tuesday, flagging substantial doubt over whether the world’s largest crypto ATM operator can survive the next 12 months. Founded a decade ago, the crypto kiosk giant is currently battling a wave of lawsuits from state…

Ripple CEO Brad Garlinghouse has hinted that $XRP holders could receive “something special” if Ripple eventually becomes a public company. This revelation came during a recent interview on the Crypto In America podcast with journalist Eleanor Terrett. Garlinghouse discussed Ripple’s stance on an IPO and explained why the company is currently in no rush to go public. Key Points Ripple CEO Brad Garlinghouse hinted $XRP holders could receive “something special” if Ripple goes public. Garlinghouse said Ripple is not rushing into an IPO, citing weak performance from crypto public listings. The Ripple CEO said $XRP adoption and ecosystem growth remain…

Georgia is intensifying its fight against unauthorized cryptocurrency mining by rolling out new electricity meters across villages in the northwestern Mestia region, according to local reports. The initiative, backed by law enforcement, aims to curb energy theft that has placed an outsized burden on the national power grid. Massive energy consumption gap in Mestia Data from 2025 reveals that Mestia consumed 133 million kilowatt-hours (kWh) of electricity, a figure more than 13 times higher than that of other municipalities of comparable size. Officials attribute this extreme discrepancy to widespread, unregulated cryptocurrency mining operations that draw significant power without proper metering…

Asset manager Bitwise has entered the tokenization market, taking over management of the Bitwise Crypto Carry Fund (USCC), a $259 million fund and the first on-chain product in the structure’s history. Interestingly, $XRP was included in the basket of the fund’s underlying assets on absolutely equal terms with BTC, ETH and SOL. Commenting on the launch, Bitwise CEO Hunter Horsley confirmed the fund’s on-chain launch and reported its first results: AUM exceeded $250 million, while the current 30-day yield remains at around 4% annualized. Bitwise deploys $XRP into on-chain DeFi Unlike traditional models, the fund does not bet on price…