Author: NBTC

The crypto market structure bill has not made much public movement in a month. While making a prognosis on the bill is difficult, it’s not hard to see that the clock for passage is running out. You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. Click here to sign up for future editions. The narrative We won’t get the crypto market structure bill this month. That’s not the end of the process, but we’re approaching a timeline that’ll surely increase the amount of gray in people’s hair. Why it matters Much of what’s…

PayPal has signed a multi-year agreement with the NFL to become the league’s official peer-to-peer payments partner. The deal places the PayPal app at the center of how fans send, receive, split and pool money with each other around NFL events. It targets everyday payments linked to fandom, such as sharing costs for tickets, travel, food and merchandise. Singapore Summit: Meet the largest APAC brokers you know (and those you still don’t!) Under the partnership, PayPal will integrate across the NFL ecosystem, including flag football initiatives and promotion of the NFL Flag College Showcase at the Draft. Fans who use…

CoinUp has a strategic partnership with RootData to help improve the crypto ecosystem from top to bottom by utilizing institutional quality research and providing retail users with the same level of information they’ve been missing. As a result of this partnership, CoinUp will be leveraging RootData’s advanced real-time project research into their trading platform to create the most complete research to trading experience available. Empowering the “Research-First” Trader The biggest problem with trading crypto today is the “context switch.” A trader frequently switches from social sites where new chances are identified to secondary data sources like CoinMarketCap or RootData to…

US President Donald Trump, in a statement regarding developments in the Middle East, said that US attacks against Iran have yielded significant results and that military operations in the region are continuing. During a press conference, Trump stated that the targets were specifically Iran’s energy infrastructure and naval power. Trump stated that Kharg Island, one of Iran’s most important oil export points, had been largely destroyed. He said that US forces had destroyed many targets on the island, claiming that, except for the area containing the oil pipelines, the island was “almost completely destroyed.” Trump also added that, if a…

In a major supply reduction move, the team has detailed how the planned sonic tokens burn will affect unclaimed S locked in existing distribution contracts. 32.69 million unclaimed S set for permanent removal Sonic Labs confirmed that approximately 32.69 million unclaimed S tokens will be permanently burned after October 15, 2026, removing this entire amount from circulation. Moreover, the project stressed that this is a hard deadline for claimants, as the tokens will no longer be recoverable once the burn is executed on-chain. The unclaimed tokens are currently locked inside existing airdrop contracts that manage distribution to eligible users. However,…

Some conservative voices are now warning that stalling the Clarity Act, the major crypto bill, poses a direct national security threat. Patrick Witt recently weighed in on the fierce lobbying surrounding the proposed “Clarity Act.” He has argued that efforts to derail the comprehensive regulatory framework are playing directly into the hands of foreign adversaries. “What are the odds the anonymous sources cited in this article have deep ties to China? Because if the US fails to lead on crypto by passing a comprehensive regulatory framework, the prime beneficiary will be the CCP,” he stated. The Clarity Act vs. the…

In a powerful demonstration of financial robustness, global cryptocurrency exchange MEXC has published its April Proof of Reserves report, revealing a Bitcoin reserve ratio that has surged to a remarkable 295%. This figure, verified by blockchain security auditor Hacken, represents a significant increase from 270% the previous month and stands nearly three times higher than the total value of user-deposited Bitcoin on the platform. The report, released from Singapore on April 30, 2025, arrives at a critical juncture for the digital asset industry, where transparency has become the paramount metric for user trust. MEXC Proof of Reserves Report Details and…

Michael Saylor has hinted his Bitcoin treasury firm is back on track with its weekly Bitcoin purchases after taking a rare week off at the end of March. In an X post on Sunday, Saylor shared a screenshot from StrategyTracker with the caption “Back to Work.” He often posts the chart ahead of purchase announcements. The firm took a week off from buying $BTC at the end of March, breaking its weekly buying streak for the first time this year. The firm’s last purchase was reported on March 23, buying about $77 million worth of $BTC at $74,326 per coin.…

Shares of stablecoin issuer Circle (CRCL) have surged more than 100% over the past month, turning what many investors once viewed as one of the most conservative corners of crypto into one of the market’s hottest trades. The rally gained momentum Monday, with the stock climbing another 8% to $124.37, outpacing other crypto-linked equities. Meanwhile, Michael Saylor’s Strategy (MSTR) and crypto exchange Coinbase (COIN) are up 23% and 8.5% in a month, respectively. Circle’s stock performance versus MSTR and COIN (TradingView) The move also coincided with recent bullish analyst calls. Clear Street upgraded Circle to Buy from Hold and raised…

The Commodity Futures Trading Commission (CFTC) is trying to chase insider trading across crypto, oil futures, and prediction markets while its own headcount is being carved down. The agency has lost 24% of its staff since Donald Trump returned to office, putting it at its lowest staffing level in 15 years. Prediction markets now let traders bet real money on government raids, wars, elections, sports, celebrity events, Fed decisions, court fights, crypto policy, and almost every messy public event with a deadline. The cuts happened under Caroline Pham, a Republican nominated by Biden and later promoted by Trump to acting…