Author: NBTC

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…

In one of the most extreme ETH trading twists, one of the largest crypto whales whose wallet takes the name “0xFa5D…” has recently taken a huge short position on Ethereum (ETH), after a major long trade resulted in a loss of more than $3.56 million. A whale just flipped to short $ETH!Whale “0xFa5” just deposited $15.66M $USDC back into #Hyperliquid to short $ETH with 10x leverage, following a $3.56M loss on an ETH long earlier today.📊 Current ETH trade:• Size: 28,679 $ETH (~$70.1M)• Entry: $2,443.92• Liquidation:… pic.twitter.com/bmyF9zMX3i — Spot On Chain (@spotonchain) July 2, 2025 The active trades in the…

Treasury Secretary Scott Bessent testified today before the House Ways and Means Committee on the sweeping tariffs imposed by President Trump. Bessent left London late after trade talks with China and returned to Washington in the early hours of the morning. Speaking to the press before leaving the historic Lancaster House near Buckingham Palace where the talks were held, Bessent said regarding the China talks, “We had productive talks for two days and the process is still ongoing.” While the main agenda of today’s session was Treasury Department priorities, Bessent’s information on trade talks with China generated considerable interest among…

The Shiba Inu team is again highlighting the importance of ecosystem growth, suggesting these fundamentals will attract those who value the asset. The broader crypto market is witnessing a period of muffled price action, and Shiba Inu (SHIB) and its ecosystem tokens have not escaped the consolidation spell. Pessimism Amid Shiba Inu Downtrend Particularly, after hitting a local top of $0.00001765 last week, Shiba Inu spent most of the week in a downtrend amid persistent bearish pressure in the broader market. SHIB lost 5.72% of its value last week and is already down another 4.87% this week. Notably, Bone ShibaSwap…

The U.S. House of Representatives has officially designated the week of July 14–18 as “Crypto Week,” signaling a major legislative push focused on digital asset policy and federal oversight. Lawmakers will vote on three significant pieces of legislation that could reshape the future of cryptocurrencies and government-backed digital currencies. According to an announcement shared by House Financial Services GOP and confirmed by journalist Eleanor Terrett, the House will consider the CLARITY Act, the GENIUS Act, and the Anti-CBDC Surveillance State Act during this critical week. These bills touch on core issues such as regulatory transparency, innovation in digital finance, and…

Gate has officially announced its strategic partnership with xStocks to redefine the future of finance. This collaboration is set to begin a new era that aims to integrate the traditional finance (TradFi) world into the ever-evolving landscape of crypto. Gate, by joining forces with xStocks, strives to become a leading force to enrich global markets with tokenized equities. These tokenized equities are now available for spot and future trading alike. xStocks <> Gate@Gate_io joins the xStocks Alliance to accelerate the merge of TradFi and crypto, pioneering the first futures market for xStocks alongside spot.The gate to global finance is open,…

President Putin of Russia has blamed growing energy deficits caused by the booming minting of digital currencies for a creeping ban on crypto mining across his country. Putin’s comments on the matter follow a recent increase in electricity prices which, as analysts predict, is likely to affect the business of companies mining Bitcoin in the Russian Federation. Governors asked for it, Putin says of Russian mining ban Electricity shortages resulting from the rapid growth of crypto mining are the main reason for Moscow’s decision to ban the activity in certain regions, Russian President Vladimir Putin explained during an event devoted…