Author: NBTC

CEO of Custodia Bank Caitlin Long stated that the infamous Operation Choke Point 2.0 is very much still alive, contrary to what Vice President J.D Vance said in his speech about the crypto industry. In a recent interview, Caitlin Long criticized J.D Vance’s speech back on May 28 when he declared that “Operation Choke Point 2.0” is dead. The CEO of crypto-friendly Custodia Bank disagreed with his statement, stating that it was an exaggeration. According to Long, the statement is inaccurate due to the fact that despite major advancements made in the U.S. crypto industry under Trump, a lot of…

Backpack halted trading for scheduled maintenance at 10 a.m. UTC on July 3 and reopened two hours later, but the restart triggered account errors that forced CEO Armani Ferrante to promise reviews and compensation. Backpack had warned users on X that the platform would go offline at 10 a.m., enter post-only mode at noon, and resume full trading at 12:10 p.m. The post-only window lets customers place or cancel maker orders but blocks taker activity. When spot and perpetual markets came back online, several users reported abnormal balance changes and order reversals. A Brazil-based trader, identified as Defi Remora, wrote…

Ding ding ding—we have a winner! A solo miner bagged a reward of 3.173 BTC ($349,028) by mining Bitcoin block number 903,883 late Thursday night. Winners like this don’t come around often; in fact, one expert says an underdog this small will only win every eight years on average. Thursday night’s lucky winner was identified as using Solo CK, a non-profit service that enables Bitcoin miners to attempt to mine solo blocks. By using Solo CK, the miner paid a 2% fee but avoided the overhead required to run a high-end Bitcoin mining rig.  “Congratulations to miner bc1q~9sj3 with…

The Ether price surged to $2,601 on July 2, capping a breakout that began after 16 hours of tight consolidation, according to CoinDesk Research’s technical analysis model. The move coincided with growing institutional focus on Ethereum’s emerging role as a platform for tokenized financial products, as well as continued momentum in spot ETF inflows. On June 30, Robinhood confirmed via X that it is building “Robinhood Chain” on Arbitrum to “power the future of asset ownership.” While the company did not specify a timeline for launch, its decision to build on Ethereum’s leading Layer-2 solution reinforces the network’s position at…

The recent wave of companies adding bitcoin to their balance sheets has not yielded universally positive results. Semler Scientific (SMLR), a medical technology firm that pivoted into bitcoin treasury strategy, has seen its stock fall over nearly 50% in 2025 to nearly the level it was at a bit more than one year ago when it first began to accumulate BTC. The company’s premium to its net asset value (NAV), often referred to as multiple-to-NAV (mNAV), has dropped below 1x. On a basic share count basis, its market cap sits at approximately $420 million compared to bitcoin holdings valued around…

In a recent move that has caught the attention of the crypto community, 2,000,000 Chainlink (LINK) worth approximately $31.2 million were transferred in minutes from Robinhood to an unknown wallet. The large transaction, flagged by on-chain trackers, occurred in a single transaction. Blockchain data tracker Whale Alert reported, “2,000,000 LINK worth $31,244,919 transferred from Robinhood to unknown wallet.” 🚨 🚨 2,000,000 #LINK (31,244,919 USD) transferred from #Robinhood to unknown wallethttps://t.co/fR4LBCRVut — Whale Alert (@whale_alert) May 20, 2025 Although the exact reason for the move remains unknown, such transfers might have various implications. Withdrawals from exchanges imply buying, while deposits might…

Crypto tax exemptions failed to make it into President Donald Trump’s “Big, Beautiful Bill” earlier this week—but the perks may soon be headed back to the Senate floor, in the form of standalone legislation. On Thursday, Sen. Cynthia Lummis (R-WY), who had pushed unsuccessfully to include crypto tax perks in Congress’ sweeping reconciliation bill, introduced comprehensive digital asset tax legislation that the senator promised would secure “key victories for the digital asset industry and create a level playing field for digital asset users across the country.” “In order to maintain our competitive edge, we must change our tax code to…

This is a segment from The Drop newsletter. To read full editions, subscribe. A crypto researcher has whipped up an open-source payment processor within a week that lets a buyer tap a crypto wallet on a mobile device to pay for items without any processing fees typical of credit cards and terminals like Square. Tim Robinson, head of crypto research at VC firm BlueYard, shared a video of the device in action this week making a payment with the MetaMask app on his phone. The terminal, which he’s dubbed FreePay, has a few different components, including an NFC reader and…

NIP Group, the umbrella company of the world-famous e-sports organization Ninjas in Pyjamas (NiP), announced that it has entered the Bitcoin mining industry. Esports Giant Ninjas in Pyjamas Gets Into Bitcoin Mining: Aims to Produce $6.5 Million in BTC Monthly The company aims to produce 60 BTC per month by purchasing a series of mining rigs with a total computational power of 3.11 EH/s (exahash/second), which corresponds to a production value of approximately $6.5 million at current prices. However, this production represents gross income; net income may differ once expenses such as electricity and operating costs are deducted. NIP Group…

The Strategy stock price has moved into a technical correction after falling 14% from its highest point this month. MSTR dropped to $370, well below this month’s high of $430, as Bitcoin (BTC) and other cryptocurrencies declined. It has fallen to its lowest level since April 30 and has underperformed Bitcoin, which is down just 5% from its highest point this year. Strategy stock typically tracks Bitcoin’s performance, as the company is the largest corporate holder of the cryptocurrency globally. It acquired over 4,000 coins last week, bringing total holdings to 580,250 BTC, currently worth over $61 billion. Strategy has…