Author: NBTC

An Ethereum trader using the address “0xa2e8” made an astounding $4.93 million in profit in just five days. In fact, by the 10th day, the trader had earned $5 million by actively trading $ETH in both directions. Simply put, the trader took short positions when prices were expected to fall and long positions when prices were expected to rise. As of the latest update, the traders’ bet had a 90% win rate, as nine of the ten trades were profitable despite volatile market conditions. Source: Hyperbot However, with 20x leverage and a short position of 17,000 $ETH, the trader is…

The $GENIUS Act, signed into law last year, established the first federal framework for payment stablecoins in the United States. Among other requirements, issuers must hold reserves in cash, short-term Treasury securities and certain government money market funds. The legislation has created an opportunity for traditional asset managers to offer regulated vehicles that stablecoin issuers can use to manage those reserves while generating yield. Fidelity’s fund will invest in U.S. Treasury bills, notes and bonds with maturities of 93 days or less, cash, overnight repurchase agreements backed by Treasuries and other government money market funds that comply with the law.…

The $XRP community loves a big theory. Secret deals. Hidden plans. The government moves are waiting to drop. But this time, a key insider is pushing back hard. Ripple CTO David Schwartz has addressed the growing wave of speculation and his message is simple. Most of it is not real. That may sound blunt. But the timing matters. $XRP discussions are heating up again, and expectations are rising. So when someone at the center speaks this clearly, it changes the tone. Not everyone agrees. However, that is exactly where the story begins. “You’re Fooling Yourself,” Schwartz Says David Schwartz did…

In brief A Michigan federal judge ruled sports prediction markets are not CFTC-regulated swaps, siding with state regulators over Polymarket. The court denied Polymarket’s bid to block Michigan from restricting its sports event contracts. The case is headed to the Sixth Circuit Court of Appeals and could ultimately reach the U.S. Supreme Court. A federal judge in Michigan issued a forceful judgment Wednesday against Polymarket, ruling that sports-related prediction market wagers do not constitute swaps under the CFTC’s jurisdiction. A U.S. District Court judge in the Western District of Michigan denied Polymarket’s request for a preliminary injunction against Michigan regulators,…

The Texas Public Utility Commission approved the unified “Batch Zero” mechanism developed by ERCOT to interconnect large consumers to the power grid. ERCOT records more than 438,000 megawatts of projected demand in its current waiting list, of which nearly 90% comes from the data center segment. Cipher Digital shares rose 10.74% to an all-time high of $30 following the publication of the state regulatory measure. The newly approved Texas power grid reform could significantly boost Bitcoin mining companies that are repurposing their infrastructure to host artificial intelligence. The Public Utility Commission of Texas (PUCT) ratified this Thursday the new regulatory…

The United States is actively negotiating with Denmark to open three new military bases in southern Greenland, a move aimed at countering growing Russian and Chinese presence in one of the most strategically important maritime corridors on the planet. What’s on the table The negotiations center on three base sites in southern Greenland, with one likely candidate being the former Narsarsuaq facility. That site was originally built as a US military base and still has existing infrastructure that could simplify reactivation. Washington aims to designate these new bases as sovereign American territory, a significant legal distinction that would give the…

Cryptocurrency whale and well-known investor Jeffrey Huang has significantly increased his leveraged long position on Ethereum, pushing his holdings past the 10,000 $ETH mark. The move, reported by Odaily, comes as Huang continues to build on a strategy that has drawn attention from market observers due to its aggressive use of leverage. Details of the Position According to on-chain data and reports, Huang is employing 25x leverage on his Ethereum long position. This means that a relatively small price movement against his position could result in substantial losses. As of the latest data, with Ethereum trading above the $1,800 level,…

Bitmine has strengthened expectations for a potential stock rally after Chairman Tom Lee highlighted the company’s chances of joining the Russell 1000 index ahead of the benchmark’s latest reconstitution update. According to Tom Lee, the updated list of companies entering and exiting the Russell 1000 is scheduled for release on June 18, with Bitmine Immersion Technologies potentially qualifying for inclusion. Lee argued that membership could increase demand for the stock because many institutional funds and asset managers are required to allocate capital only to companies included in major indexes. The comments arrived as Bitmine continued expanding its position as one…

Michelle Bond, the wife of former FTX executive Ryan Salame, will face illicit campaign finance charges after a judge rejected her argument that prosecutors promised Salame that she would be cleared if he pleaded guilty. Manhattan federal judge George Daniels on Wednesday denied Bond’s bid to dismiss an indictment that alleged she illegally took money from the now-bankrupt crypto exchange FTX to help bankroll her unsuccessful run for Congress in 2022. Daniels wrote there was “no ambiguity” in the terms of Salame’s written plea agreement. “As the evidence made clear, all parties, including the defendants and their counsel, were aware…

KULR Technology (KULR), a New York Stock Exchange-listed company that adopted a Bitcoin treasury strategy in late 2024, appears to have sold 300 Bitcoin — valued at approximately $24.36 million — at a loss, according to on-chain analyst EmberCN. The funds were deposited to Coinbase Prime roughly two hours before the report, signaling a potential liquidation. Background: KULR’s Bitcoin Treasury Strategy In December 2024, KULR announced plans to allocate up to 90% of its corporate reserves to Bitcoin investments, positioning itself among a growing list of public companies embracing cryptocurrency as a treasury asset. By July 2025, the firm disclosed…