Author: NBTC

Sharplink Gaming, one of the largest ether (ETH) treasury companies, had a meltdown in after-hours trading yesterday as its shares crashed from $33 at NASDAQ’s closing bell to below $11 by 8pm. Two weeks ago, Sharplink shares (SBET) were worth $124, meaning they’ve shed 91% of their value since this all-time high. Panicked over a seemingly surprise announcement of shareholder dilution, a viral tweet from The Block’s Steven Zheng claimed, “Basically every participant in SBET’s private placement filed to dump all their shares less than a month after they announced the ETH Treasury Strategy move.” Concerningly, trading volume for Sharplink…

Solana Labs’ mobile team shared Wednesday that it plans to launch its Seeker phone on Aug. 4, in addition to sharing new information about some of its infrastructure framework as well as a new token for its mobile users. The news comes as the new iteration of Solana’s mobile has been in the works for months, with over 150,000 units so far, according to a press release. Seeker was introduced in September 2024 after the first model of the Solana mobile, Saga, failed, in part due to low sales figures. The Solana Mobile team also said that in addition to…

Ripple CEO Brad Garlinghouse opined that members of the Bitcoin community are not the enemy of XRP holders. “The Bitcoin community is not our enemy. They really are not. If they do well, we gonna do well…We might do better. It’s not a zero-sum game,” he stressed. The comment comes after the tensions between the two major cryptocurrency communities, which have been at loggerheads for a decade, escalated once again. As reported by U.Today, Garlinghouse publicly took aim at Wyoming Senator Cynthia Lummis on May 19 for canceling a meeting with him. He urged her to be a leader for…

Crypto pioneer and former Ripple exec Greg Kidd outlines a vision for blockchain-powered banking, suggesting Ripple could transform traditional finance by absorbing outdated institutions. Kidd shared these insights at the third annual XRP Las Vegas conference during a fireside chat with journalist Eleanor Terrett. He reflected on his early days with Ripple and described a future beyond crypto as a speculative asset. For him, the endgame is full integration of blockchain into the core of the global financial system. Kidd recalled that when he joined Ripple in 2012, there were only 188 accounts on the ledger. “It was like being…

Circle, the issuer of USDC, the largest stablecoin after Tether (USDT), has been on the agenda with possible acquisitions in recent days. At this point, in April, there were reports that Ripple and Coinbase could acquire it. Accordingly, it was claimed that Ripple made an offer of $4 billion to $5 billion for Circle in April in 2025, but Circle rejected the offer because it found it too low. Discussions about acquiring Circle have continued since then, with Circle allegedly still in informal talks with both Ripple and Coinbase, with new bids reportedly ranging from $6 billion to $11 billion.…

After a prolonged pullback from its late May highs above $112,000, Bitcoin price today is hovering around $104,250 as of early June 1, marking a sharp retreat from peak levels. The price has lost the 20/50/100 EMA cluster on the 4-hour chart and is now consolidating below the key resistance zone of $105,000–$106,000, a range that capped multiple bounces this week. The trendline support drawn from the early May breakout has also been breached, increasing caution among bulls. What’s Happening With Bitcoin’s Price? BTC price forecast (Source: TradingView) On the daily chart, Bitcoin price action reflects a weakening structure after…

Expectations of a more benign regulatory environment in the U.S. is leading to an increase in the number of crypto companies looking to go public and an uplift in venture capital (VC) funding, investment bank JPMorgan (JPM) said in a research report Wednesday. The GENIUS Act’s progress in the Senate has become a “key factor in anticipating a clearer and more supportive regulatory environment,” analysts led by Nikolaos Panigirtzoglou wrote. “The anticipation of such a U.S. regulatory environment is conducive to crypto corporate activity such as IPOs and VC funding,” the authors wrote. The Senate’s Guiding and Establishing National Innovation…

Sam Altman’s blockchain project World Network has raised $135 million in a private token sale of its WLD token. The sale was to venture capital giants a16z and Bain Capital Crypto and will be used to fund network expansion, the team shared. WLD is higher by 14% on the news. The funding comes as the group behind the Tools For Humanity blockchain announced the project as well as the WLD token being available as of earlier this month to U.S. users. “To meet increasing demand for Orb-verified World IDs and support the expansion of the World network throughout the U.S.…

A trading expert has highlighted the importance of Bitcoin (BTC) holding above the $100,000 mark, warning that a drop below could trigger a sharp correction. Specifically, Master Ananda’s analysis shows that the $100,000 to $103,000 range now serves as Bitcoin’s key support. If this level fails, traders should brace for a red week followed by sideways consolidation before any meaningful recovery, according to a May 31 post on TradingView. Ananda noted that Bitcoin has already dipped into this zone, and the market is watching closely to see if it will hold or break under pressure. His analysis emphasized the critical…

After launching a high-end, cyberpunk-style electric motorbike that costs more than some used cars, Andreessen Horowitz-funded Brooklyn startup Infinite Machine is finally getting practical. It just unveiled the Olto: a $3,495 electric scooter that looks like it escaped from an industrial designer’s mood board. (That’s not surprising since the company was founded by brothers Joseph and Eddie Cohen, both erstwhile Apple employees.) It’s the second vehicle from Infinite Machine, whose first product, the P1, made headlines last year for its $10,000 price tag, 55 mph top speed, and Tesla Cybertruck-esque, American brutalist aesthetic. That model generated a flurry of tech…