Author: NBTC

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…

The Royal Government of Bhutan has gradually sold approximately 9,180 Bitcoin ($BTC) over the past 11 months, generating around $900 million in proceeds, according to on-chain data tracked by blockchain analytics firm EmberCN. The average selling price across these transactions was calculated to be roughly $98,067 per Bitcoin. Timeline of Bhutan’s Bitcoin Sales Data from EmberCN reveals that Bhutan’s Bitcoin holdings peaked at roughly 12,200 $BTC in early 2025, coinciding with the cessation of the country’s state-backed mining operations. The government reportedly began its divestment process in earnest in June of the same year, executing a series of transactions over…

State Street is wiring its Luxembourg fund stack so tokenized fund units run on the same custody, NAV and TA rails as traditional funds, turning RWAs from brochure‑ware into production infrastructure. State Street is wiring its Luxembourg fund stack to treat tokenized fund units as first‑class citizens, not side projects, and that’s a much bigger deal than another “bank experiments with RWAs” headline suggests. State Street heads into 2026 with a buzz State Street Corporation has said it intends to deliver a “tokenized fund servicing capability” from Luxembourg by the end of 2026 through State Street Investment Services, extending its…

$XRP Ledger Foundation (XRPLF) officially completed the formation of its operational core, unveiling a team that will define the technical direction of XRPL in the coming years. Instead of bringing in outside top executives, the foundation placed its bet on code veterans and specialists with experience inside banking institutions. The main message behind this update is XRPLF’s final transition toward full autonomy. While $XRP development was previously associated almost exclusively with Ripple, the foundation’s current lineup emphasizes that the protocol is now being guided by people who grew within the community itself and have direct influence over the code. Who…

Crypto never sleeps. As of May 29, CME Group’s crypto futures and options don’t either. The world’s largest derivatives exchange flipped the switch on 24/7 trading for its entire crypto futures suite at 4:30 p.m. CT, eliminating the weekend closures and limited hours that had defined its digital asset offerings since launch. The move covers futures and options on nine assets: Bitcoin, Ethereum, Solana, XRP, Cardano, Chainlink, Stellar, Avalanche, and Sui. For years, institutional traders had access to crypto futures on a regulated exchange, but only during what amounted to a near-23-hour daily window, with full shutdowns on weekends. That…

Bitcoin mining firm Hive Digital Technologies (NASDAQ: HIVE) sold 331 Bitcoin during the first quarter of 2025, reducing its corporate treasury to approximately 150 $BTC, according to data from BitcoinTreasuries. The sale represents a significant reduction in the company’s direct Bitcoin holdings, raising questions about its treasury management strategy amid fluctuating cryptocurrency prices. Details of the Q1 Bitcoin Sale The sale of 331 $BTC, executed over the three-month period ending March 31, 2025, marks a notable shift in Hive’s balance sheet. At current market prices, the sold Bitcoin is valued at roughly $28 million. The company’s remaining 150 $BTC is…

Cardano now has its own dedicated section on Token Terminal, the analytics platform that institutional investors and developers use to compare blockchain networks the way stock screeners compare equities. The partnership, announced June 1, brings standardized onchain metrics, custom dashboards, and API access to the Cardano ecosystem. What the partnership actually delivers Token Terminal has launched dedicated Cardano dashboards that track the kind of metrics institutional players care about: revenue, active users, validator counts, and other standardized financial data points. Cardano is now listed in Token Terminal’s L1 blockchain market sector dashboard alongside networks like Ethereum and Solana. The integration…