Author: NBTC

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.…

After years of regulating crypto largely through lawsuits and overlapping agency claims, the United States has finally moved closer to a formal market structure framework. The passage of the CLARITY Act would place the US alongside jurisdictions such as the European Union, Singapore, the UAE, and Hong Kong, all of which already operate under dedicated crypto regulatory regimes. Read our full explainer for a detailed breakdown of the CLARITY Act and how it could reshape US crypto regulation. But while the legislation would represent the biggest shift in US crypto policy in years, the comparison also shows how much ground…

South Korea’s leading cryptocurrency exchanges, Bithumb and Upbit, have announced they will list $SLX, the native token of the Solana-based financial protocol Solstice, on their platforms. According to the announcements, $SLX will be available to users on both Bithumb’s Korean Won (KRW) market and Upbit’s KRW, $BTC, and $USDT trading pairs. Bithumb announced that deposits and withdrawals for $SLX will open within two hours of the announcement’s publication. The official launch date is June 1, 2026, at 11:00 AM Turkish time. The exchange set the initial reference price at 277 won and emphasized that only transfers made through the Solana…

Nasdaq-listed cryptocurrency mining firm Bitdeer Technologies has introduced its latest mining hardware, the SEALMINER DL1 Hydro, a liquid-cooled ASIC miner designed specifically for Scrypt-based cryptocurrencies such as Litecoin ($LTC) and Dogecoin ($DOGE). The announcement, made public this week, signals the company’s continued push into high-efficiency mining equipment for alternative proof-of-work networks. Specifications and Performance Targets The SEALMINER DL1 Hydro delivers a hashrate of 52.5 GH/s with a power efficiency of 149 J/GH, drawing approximately 7,823 watts under full load. Bitdeer has positioned the machine as a response to growing demand for more efficient Scrypt mining hardware, particularly as mining difficulty…

Over the weekend the price of Bitcoin recorded a slight rebound. It is very likely that this rebound was triggered by some statements by Trump regarding the evolution of the situation in Iran. To tell the truth, for now the rebound is so tiny as to still be almost irrelevant, but it is possible that it will continue during the day, or perhaps even in the coming days, to the point that it may eventually become significant. Bitcoin’s small price rebound Starting from May 11 the price of Bitcoin had begun to fall. In just under two weeks it fell…