Author: NBTC

Thousands of Bitcoin holders across the US are now finding out the hard way that the IRS has been watching closely, without saying a word. Over the past 60 days, there’s been a 758% spike in people bringing up these crypto warning letters in support chats, and tax firms like Taxing Cryptocurrency are backing up the same trend, according to CoinLedger. Now these warnings aren’t all the same, but they’re landing in mailboxes fast, and the most common one is Letter 6174, a softer nudge that doesn’t accuse anyone of doing anything wrong. But there’s also 6174-A, which quietly suggests…

This is a segment from The Drop newsletter. To read full editions, subscribe. Brave is one of the few web browsers that’s embraced crypto. It has the affiliated BAT rewards token and a built-in crypto wallet, to name a few of its tie-ins. But it’s also taken a privacy-forward approach — and splashed that across its marketing to help set it apart from other Chromium-based browsers. “We’re kind of in [a] metaphysical rebellion against the big tech surveillance powers that evolved on JavaScript,” Brave CEO and cofounder Brendan Eich, who created the JavaScript language, said onstage during Blockworks’ Permissionless conference…

Corporate bitcoin BTC$105,602.12 treasuries are adding to buying pressure at the moment, but a sharp drop in the price of the world’s cryptocurrency could lead to forced liquidations, Standard Chartered analyst Geoff Kendrick said in a research report on Tuesday.As many as 61 publicly listed companies have adopted the cryptocurrency as a treasury asset, and these firms now own a combined 673,897 bitcoin as of the end of May, or 3.2% of the cryptocurrency’s total supply, the report said. That big number, of course, owes nearly everything to Michael Saylor’s Strategy (MSTR), which by itself holds a total of 580,955…

Ondo Finance lets users buy and sell token versions of stocks using a fast blockchain system. People from many places can now join in and trade without needing old financial platforms. ONDO surged to a high of $1.04 before pulling back with a 4.17% price decline. Ondo Finance has launched Ondo Global Markets, introducing public stock trading on the Solana blockchain with built-in decentralized finance features. This marks a major step for traditional asset integration into decentralized platforms. The new platform allows trading of tokenized public securities, enhancing liquidity, transparency, and investor access. Ondo Finance leverages Solana’s speed and affordability…

Judge Analisa Torres of the Southern District of New York has denied a joint request by the U.S. Securities and Exchange Commission (SEC) and Ripple to lift a permanent injunction in their dispute, a decision that prevented Ripple from significantly reducing its $125 million fine. Judge Torres cited the SEC’s past view that Ripple would continue to violate the law in his court ruling today. “That has not changed, and neither party is arguing otherwise. Despite this, they request that the fine be reduced by 60% and the permanent injunction be lifted, citing public interest,” Torres said. The parties had…

This is a segment from the Lightspeed newsletter. To read full editions, subscribe. Firedancer has quietly delegated stake to 32 Solana validators to kick off its new delegation program, according to the client’s website. Delegation, or staking some of an organization’s crypto with a number of validators based on some criteria, has been used by the Solana Foundation to help smaller validators get started on the network. Firedancer may be hoping the delegation program can help convince validators to start running its Frankendancer client, which currently accounts for just 8% of all staked SOL. That proportion is up from 5-6%…

Changpeng Zhao (CZ), the founder and former CEO of Binance, the world’s largest cryptocurrency exchange, made a new post about Bitcoin. Referring to large companies accumulating Bitcoin (BTC), CZ said that they were taking a big risk with their BTC accumulation strategy. At this point, CZ, quoting a post listing major companies that bought Bitcoin in May 2025, commented, “Not taking risks is a risk in itself.” According to May data, GameStop led the majors by purchasing more than 4,000 BTC, followed by US firm Strike with 1,500 BTC. While DDC Enterprise bought 100 BTC, firms from Germany, the United…

US President Donald Trump made harsh criticisms of FED Chairman Jerome Powell ahead of the FED meeting that will end in the coming hours. Describing Powell as “stupid”, Trump said he did not think the FED would cut interest rates. Speaking to reporters in front of the White House, Trump said, “We have a stupid man. Let me be frank, it doesn’t look like he’s going to cut interest rates today.” Stating that Europe has cut interest rates ten times in the last period, Trump accused Powell of acting politically, stating that the FED has not taken the same step:…

Today, a whale launched a 3x leveraged long position on Hyperliquid (HYPE) with an entry point of $12.93 and a liquidation price of $4.21. The investor currently holds a floating profit of $13.41 million. As $HYPE hits a new ATH, a whale holds a $HYPE 3x leveraged long position, with over $13.41M in floating profit.Entry was near the ATL at $12.93, with a liquidation price of $4.21.Address: 0xe4178ba889ac1c931861533b98bb86cb9d4858c7Data @nansen_ai pic.twitter.com/yqpBppEuwX — Onchain Lens (@OnchainLens) May 23, 2025 The whale makes a bold bet The whale’s trading strategy has sparked interest. He used low leverage (3x) to go long and now…

US Senate Banking Committee Chairman Tim Scott announced today that the bill, which includes comprehensive regulations on crypto markets in the US, will be completed by September 30. That would mean it would be completed later than President Donald Trump’s targeted August but earlier than the year-end estimate of Senator Cynthia Lummis, who worked on the legislation. Scott told White House cryptocurrency advisor Bo Hines that this new timetable is realistic and that the stablecoin law called the GENIUS Act, which passed the Senate last week, should be quickly approved by the House of Representatives. “It is realistic to expect…