Author: NBTC

The cryptocurrency market has seen remarkable activity. Test (TST) has surged over 110% in the last 24 hours, reaching its highest level since October last year. It is suggested that the sharp rise is due to large-scale and organized position taking. According to the data, the process began approximately 24 hours ago with a newly created wallet being funded with 900,000 USDC via Bitget. This wallet transferred these assets to the decentralized derivatives platform Hyperliquid and opened an aggressive long position in TST. This position, which was gradually expanded, reportedly reached 133.6 million TST (approximately $3 million), and the whale…

The U.S. cryptocurrency industry has flexed its campaign-finance might to help dethrone veteran incumbents and elevate new allies in Texas and other states as the congressional midterm season approaches full velocity, though the arrival of new political action committees may put the sector’s meticulous bipartisanship in question. Fairshake is still an unrivaled channel for millions of old-fashioned U.S. dollars to steer primary elections, but other crypto super PAC names have crept into the conversation, getting louder in the wake of this week’s Texas primaries. And the collective crypto spending is already contributing to real consequences for the next Congress. The…

Deel, the global payroll and compliance platform serving 40,000 businesses and 1.5 million workers across 150-plus countries, has tapped Stripe’s full crypto-infrastructure stack to launch DLUSD, a USD-denominated stablecoin balance contractors can hold, earn rewards on, and spend without leaving the Deel app. The product went live in Argentina on June 3. Remaining Latin America markets follow in the coming weeks, with Asia-Pacific, the Middle East and North Africa, and Africa after that, according to a Stripe newsroom press release. The Three-Layer Architecture The deployment bundles all three of Stripe’s crypto-infrastructure acquisitions in one enterprise product. Bridge, a Stripe company,…

M3 DAO, a well-known community-led Web3 network, has partnered with FISH, a prominent Web3 gaming ecosystem. The partnership between M3 DAO and FISH aims to combine engaging Web3 entertainment with decentralized governance. As per M3 DAO’s official social media announcement, the development underscores the start of a new era of player engagement with the launch of the much-anticipated open beta of FISH. Additionally, M3 DAO will effectively channel 200,000-plus community members into the competitive PvP setting of FISH, fortifying participation across gameplay missions and tournaments. M3 DAO x FISH Partnership! 🤹Expanding the frontiers of community governance and Web3 entertainment. As…

Goldman Sachs warned that macro uncertainties remain significant, though short-term risk has eased for equities. The U.S. 10-year Treasury yield climbed past 4.63%, reported AMBCrypto, the highest level since February 2025. A lack of clarity regarding the U.S.-Iran peace talks and rising oil prices contribute to the macro risk outlook. Source: $BTC/USDT on TradingView Since Friday, the 15th of May, Bitcoin [$BTC] has corrected by 5.15%, falling from $81k to $76.9k. The 4-hour chart has a bullish structure, but the area up to $90k was a higher timeframe supply zone. Source: CryptoQuant The recent losses were almost entirely driven by…

A DeFi protocol’s attempt to hedge a volatile token has backfired sharply. PiggyBank closed a $LAB hedge position after extreme price swings and deeply negative funding rates rendered the trade unworkable. The unwind, detailed in the original report, left vault net asset values nursing drawdowns of up to 15%. On-chain investigator ZachXBT immediately called the strategy into question, saying it put user funds at risk chasing a highly speculative asset. The incident exposes the knife-edge risk management challenges DeFi protocols still grapple with. When funding rates flip persistently negative, short hedges on thinly traded tokens become prohibitively expensive. PiggyBank found…

The White House Council of Economic Advisers thinks it has found a $35 billion idea hiding inside America’s retirement accounts. The pitch: let 401(k) holders invest in private equity, and the resulting capital deployment could generate $35 billion in annual GDP growth for the US economy. The projection, published in a CEA report in August 2025, rests on a specific assumption. If retail investors shifted roughly 20% of their retirement assets toward private markets, the returns and downstream economic activity would produce that headline figure. Given that 401(k) plans held an estimated $10.5 trillion in total assets as of 2023,…

Citrea, a prominent Bitcoin Layer 2 scaling solution, has officially launched its governance token, CTR. The Block reported this significant development on March 21, 2025. This launch marks a pivotal moment for the Bitcoin ecosystem, introducing decentralized governance to a network traditionally focused on security and value transfer. The CTR token empowers holders to shape the future of Citrea’s treasury and network operations. Citrea Governance Token CTR: Tokenomics and Distribution The CTR token has a fixed total supply of 10 billion tokens. The team designed the distribution to prioritize community ownership and long-term alignment. Specifically, 60% of the total supply,…

The U.S. Commodity Futures Trading Commission wants to tear up the remnants of an old dispute with crypto exchange Gemini, with the agency insisting that its own staff’s assertions about Gemini making misleading statements weren’t handled properly. The CFTC filed a request alongside Gemini in federal court to negate a settlement secured at the start of last year, with the current agency essentially disputing the conclusions of the previous agency. After a review of the case, the CFTC “concluded the complaint should not have been filed — and would not have been under current enforcement standards,” it said in a…

Cboe Global Markets is seeking to preserve regulatory flexibility for its inactive crypto exchange after the U.S. Commodity Futures Trading Commission granted temporary no-action relief tied to the venue’s dormant status. In a June 3 letter, the CFTC said it would not recommend enforcement action against Cboe Digital Exchange if the platform lists products without formally reinstating its designated contract market status during a limited relief period. The move comes as Cboe Digital approaches classification as a “dormant designated contract market” after nearly a year without trading activity. Why Cboe Digital became inactive Cboe Digital was originally launched after Cboe…