Author: NBTC

Shares of cryptocurrency-linked companies fell Friday as investors pulled back from the sector after an initial rally sparked by progress on US digital asset legislation faded amid renewed concerns about crypto prices and broader macroeconomic risks. Shares of Coinbase Global (COIN) dropped 7.6% after climbing more than 5% in the previous session, while Robinhood Markets (HOOD) fell roughly 3.8% following a gain of more than 5% on Thursday. Shares of Strategy (previously known as Microstrategy) MSTR, which often trade as a leveraged proxy for Bitcoin, also fell roughly 6% Friday after rallying sharply a day earlier. Analysts said Friday’s declines…

The Paga Sui partnership is no longer a theoretical crypto play. Announced on 8th May, 2026, at Sui Live in Miami, United States, the deal puts one of Africa’s longest-running fintech companies on a formal path into crypto payments and asset tokenisation. That matters because Paga is not a small startup testing blockchain from the sidelines. The company says it already processes $1.5 billion in monthly payments, handled $11 billion from 169 million transactions in 2025, and has processed $42 billion in total payment volume from 653 million transactions since 2009. In other words, this crypto expansion arrives with real…

Recent data shows a significant portion of Chainlink’s ($LINK) circulating supply is clustered on centralized exchanges, with Binance holding the largest share. On-chain analytics reveal Binance’s $LINK reserves stand at 85.1 million tokens, equivalent to approximately $766 million—accounting for 66.4% of all $LINK held on exchanges. This means over two-thirds of the 128.26 million $LINK currently on trading platforms is stored at Binance. Multi-year decline in exchange reserves Over the past two years, the amount of $LINK stored on crypto exchanges has dropped sharply. At its 2022 peak, reserves reached around 145 million. Today, the figure is closer to 85…

Nasdaq-listed Bitcoin miner Iren Limited, formerly known as Iris Energy, has finalized a $3.65 billion financing round structured around its GPU assets, the company announced. The capital will support an AI cloud supply agreement with Microsoft and accelerate the expansion of Iren’s AI-focused data centers. How the financing is structured The deal is a securitization of Iren’s GPU hardware and the future cash flows generated by those assets. It consists of a $2.1 billion private placement in the U.S. and a $1.55 billion term loan. This approach allows Iren to raise capital against the value of its computing infrastructure rather…

Federal prosecutors are seeking forfeiture of bitcoin tied to a synthetic drug importation case involving Binance records, blockchain tracing, and cooperation with Chinese authorities. Investigators said the seized cryptocurrency was linked to accounts and payments connected to alleged drug shipments routed through Georgia. Key Takeaways: Federal prosecutors seek forfeiture of bitcoin tied to alleged synthetic drug trafficking activity. U.S. investigators worked with Chinese authorities while tracing Binance records and blockchain payment flows. Undercover DEA bitcoin purchases helped connect cryptocurrency transfers to suspected drug shipments. Bitcoin Seizure Anchors Savannah Drug Forfeiture Case The U.S. Department of Justice (DOJ) announced on May…

Every time you send money internationally, it quietly bounces through a chain of intermediary banks before reaching its destination. This system is slow, expensive, and overdue for an upgrade. Maya Caddle, Global Payments BD and Partnerships at the Solana Foundation, sat down with TheStreet Roundtable to explain how stablecoins are already beginning to rewire the global correspondent banking system. Why correspondent banking is broken Most people have never heard of correspondent banking, but they feel its effects every time a wire transfer takes days or costs $30 in fees. The problem is structural: not every bank has a direct relationship…

Ripple’s $25M Teacher Giving Campaign Is Delivering Real Impact in Classrooms Nationwide Last year during Teacher Appreciation Week, Ripple committed $25 million to DonorsChoose and Teach For America, two organizations deeply embedded in supporting educators. A year later, that announcement has moved beyond headlines, showing up in real classrooms, reaching real students, and delivering an impact that goes far beyond the scale of the donation itself. The funding has supported 48,108 classroom projects across all 50 U.S. states, each one driven by teachers requesting exactly what their students needed, from basic supplies to science kits and reading materials. In total,…

Inside a packed Senate hearing room on May 14, the air was heavy with the tension of a high-stakes jurisdictional brawl on the CLARITY Act. What was intended to be a routine legislative markup became a grueling “tick-tock” of procedural maneuvering, personal barbs, and a desperate search for a bipartisan middle ground. Ultimately, the bill cleared the Senate Banking Committee in a 15-9 vote after a gauntlet of last-minute objections. However, the path to that victory was defined by a series of sharp clashes between pro-crypto Republicans and a Democratic wing led by Senator Elizabeth Warren, who challenged the hearing’s…

Blockchain tracking service Whale Alert reported a significant transfer of 200,347,452 SUSDS tokens from the $HTX exchange to an unidentified wallet address. The transaction, executed on [date of transfer if known, otherwise omit], is valued at approximately $220 million at current market rates. Details of the Transaction Whale Alert, a service that monitors large cryptocurrency transactions, flagged the movement of the stablecoin SUSDS from $HTX, a Seychelles-based cryptocurrency exchange. The receiving wallet has not been publicly linked to any known exchange or institutional custodian, raising questions about the purpose of the transfer. Large, sudden movements of stablecoins often precede significant…

Sphere 3D Corp. has officially closed its acquisition of Cathedra Bitcoin, combining two publicly traded companies into a single entity focused on Bitcoin mining, power infrastructure, and an eventual pivot toward AI workloads. The all-stock transaction gives Cathedra shareholders approximately 49% ownership of the merged company. Cathedra now operates as a wholly-owned subsidiary of Sphere 3D, which will continue trading on NASDAQ under its existing ticker (ANY). The deal, first announced on March 5, 2026, received near-unanimous support from both shareholder bases before clearing its final regulatory hurdle. What the combined company looks like Together, the merged operations span five…