Author: NBTC

Nasdaq-listed Bitcoin miner Iren Limited, formerly known as Iris Energy, has finalized a $3.65 billion financing round structured around its GPU assets, the company announced. The capital will support an AI cloud supply agreement with Microsoft and accelerate the expansion of Iren’s AI-focused data centers. How the financing is structured The deal is a securitization of Iren’s GPU hardware and the future cash flows generated by those assets. It consists of a $2.1 billion private placement in the U.S. and a $1.55 billion term loan. This approach allows Iren to raise capital against the value of its computing infrastructure rather…

Federal prosecutors are seeking forfeiture of bitcoin tied to a synthetic drug importation case involving Binance records, blockchain tracing, and cooperation with Chinese authorities. Investigators said the seized cryptocurrency was linked to accounts and payments connected to alleged drug shipments routed through Georgia. Key Takeaways: Federal prosecutors seek forfeiture of bitcoin tied to alleged synthetic drug trafficking activity. U.S. investigators worked with Chinese authorities while tracing Binance records and blockchain payment flows. Undercover DEA bitcoin purchases helped connect cryptocurrency transfers to suspected drug shipments. Bitcoin Seizure Anchors Savannah Drug Forfeiture Case The U.S. Department of Justice (DOJ) announced on May…

Every time you send money internationally, it quietly bounces through a chain of intermediary banks before reaching its destination. This system is slow, expensive, and overdue for an upgrade. Maya Caddle, Global Payments BD and Partnerships at the Solana Foundation, sat down with TheStreet Roundtable to explain how stablecoins are already beginning to rewire the global correspondent banking system. Why correspondent banking is broken Most people have never heard of correspondent banking, but they feel its effects every time a wire transfer takes days or costs $30 in fees. The problem is structural: not every bank has a direct relationship…

Ripple’s $25M Teacher Giving Campaign Is Delivering Real Impact in Classrooms Nationwide Last year during Teacher Appreciation Week, Ripple committed $25 million to DonorsChoose and Teach For America, two organizations deeply embedded in supporting educators. A year later, that announcement has moved beyond headlines, showing up in real classrooms, reaching real students, and delivering an impact that goes far beyond the scale of the donation itself. The funding has supported 48,108 classroom projects across all 50 U.S. states, each one driven by teachers requesting exactly what their students needed, from basic supplies to science kits and reading materials. In total,…

Inside a packed Senate hearing room on May 14, the air was heavy with the tension of a high-stakes jurisdictional brawl on the CLARITY Act. What was intended to be a routine legislative markup became a grueling “tick-tock” of procedural maneuvering, personal barbs, and a desperate search for a bipartisan middle ground. Ultimately, the bill cleared the Senate Banking Committee in a 15-9 vote after a gauntlet of last-minute objections. However, the path to that victory was defined by a series of sharp clashes between pro-crypto Republicans and a Democratic wing led by Senator Elizabeth Warren, who challenged the hearing’s…

Blockchain tracking service Whale Alert reported a significant transfer of 200,347,452 SUSDS tokens from the $HTX exchange to an unidentified wallet address. The transaction, executed on [date of transfer if known, otherwise omit], is valued at approximately $220 million at current market rates. Details of the Transaction Whale Alert, a service that monitors large cryptocurrency transactions, flagged the movement of the stablecoin SUSDS from $HTX, a Seychelles-based cryptocurrency exchange. The receiving wallet has not been publicly linked to any known exchange or institutional custodian, raising questions about the purpose of the transfer. Large, sudden movements of stablecoins often precede significant…

Sphere 3D Corp. has officially closed its acquisition of Cathedra Bitcoin, combining two publicly traded companies into a single entity focused on Bitcoin mining, power infrastructure, and an eventual pivot toward AI workloads. The all-stock transaction gives Cathedra shareholders approximately 49% ownership of the merged company. Cathedra now operates as a wholly-owned subsidiary of Sphere 3D, which will continue trading on NASDAQ under its existing ticker (ANY). The deal, first announced on March 5, 2026, received near-unanimous support from both shareholder bases before clearing its final regulatory hurdle. What the combined company looks like Together, the merged operations span five…

Bitcoin’s [$BTC] internal structure had already started weakening before institutional demand slowed sharply across broader spot markets recently. Market optimism also became fragile once leveraged retail traders started rebuilding aggressive long exposure again. Spot Bitcoin ETF outflows later surpassed roughly $1.74 billion, while Coinbase Premium turned deeply negative beneath weakening U.S. demand conditions. Binance $BTC netflows also surged nearly 425% as older coins returned toward exchanges beneath defensive positioning behavior. Such a shift reflected experienced holders becoming more cautious while retail traders continued chasing leveraged upside exposure. However, Funding Rates remained positive despite weakening liquidity and slower stablecoin inflows underneath.…

The most expensive DeFi attack of 2026 began with KelpDAO’s restaked ether (rsETH) bridge, not a bug in Aave’s code. That, the lending protocol argues in an official postmortem published this week, is precisely why the industry needs to rethink how it measures risk. Aave said it is launching a review of every asset listed on V3 and rewriting its listing standards after April’s $230 restaked ETH exploit exposed a new class of DeFi risk. The protocol’s postmortem traced the attack not to a flaw in Aave’s smart contracts but to a LayerZero bridge verification failure, where a single verifier…

Blockchain tracking service Whale Alert has flagged a significant transaction involving the transfer of 221,999,990 $USDT, valued at approximately $222 million, from the Ethena protocol to an unidentified wallet address. The movement of such a large sum of the stablecoin has drawn attention from market analysts and on-chain observers. Transaction Details and On-Chain Context The transfer was recorded on the Ethereum blockchain and represents one of the larger single $USDT movements in recent weeks. While Whale Alert’s report identifies the sending address as associated with Ethena, the destination wallet remains unlabeled in public databases, making its owner or purpose unclear.…