Author: NBTC

US Senate Banking Committee Chairman Tim Scott announced today that the bill, which includes comprehensive regulations on crypto markets in the US, will be completed by September 30. That would mean it would be completed later than President Donald Trump’s targeted August but earlier than the year-end estimate of Senator Cynthia Lummis, who worked on the legislation. Scott told White House cryptocurrency advisor Bo Hines that this new timetable is realistic and that the stablecoin law called the GENIUS Act, which passed the Senate last week, should be quickly approved by the House of Representatives. “It is realistic to expect…

Spheron Network has announced a strategic partnership with Inferix GPU. Spheron Network is a decentralized network that links projects and developers with decentralized GPU resources to access required processing power. On the other hand, Inferix GPU is a decentralized network that leverages GPU technology for rendering and AI tasks. With this alliance, the two firms are prepared to redefine decentralized cloud computing and artificial intelligence by combining their respective unique tech capabilities. GPU infra just hit beast mode. @InferixGPU + @SpheronFDNInferix is building a decentralized GPU network for visual computing and AI, helping 3D creators, game studios, and enterprises render…

Bloomberg senior commodity strategist Mike McGlone has warned that Bitcoin (BTC) could potentially fall to $40,000 despite currently trading above $100,000. McGlone tied his bearish outlook to broader macroeconomic trends, particularly the risk of deflation and a long-delayed recession that could weigh heavily on risk assets like Bitcoin, he said in an X post on June 3. He pointed to a recent peak in the Bitcoin-to-gold ratio in May, suggesting it may have topped out, especially if U.S. equity markets begin to decline. “Bitcoin $40,000, Gold $4,000; Inflation vs. Deflation, Recession – The languishing price of Bitcoin vs. gold in…

Circle’s stock CRCL shot up 20% on Tuesday, smashing its earlier record and landing at $180, after the Senate passed the GENIUS Act, the first major crypto-related law to clear Congress. The bill would let stablecoins be used by banks, fintechs, retailers, and others, pulling them into the US financial system. Circle only went public on June 5, and now it’s trading at six times its IPO price of $31. The bill, if approved in the House, would require large stablecoin issuers to follow the same rules banks do: full compliance with anti-money laundering, sanctions, and KYC checks. That means…

Anatoly Yakovenko, cofounder of Solana (SOL), has responded to Ryan Watkins’ post about the subtle Hyperliquid rivalry. In an update shared on X, Yakovenko acknowledged that competition in the crypto space has a transformative effect. Solana founder advocates product-driven development over hype Yakovenko’s comments suggest that Solana remains committed to prioritizing blockchain performance and user experience over hype. Notably, Ryan Watkins implies that Hyperliquid and Solana are now competing head-to-head. The rivalry could be a crucial battle for dominance in bringing the U.S. equities market on-chain. Interestingly, rather than dismissing competitors, Yakovenko welcomes the pressure and hopes that Hyperliquid does…

A court in the Russian region of Rostov has recognized P2P (peer-to-peer) transactions for the purchase and sale of cryptocurrency as constituting business activity that should be taxed accordingly. A crypto trader has been fined as a result of the ruling, which may have implications for many ordinary Russians who prefer this method of exchanging crypto and fiat amid limited options to trade legally. Court finds peer-to-to peer crypto transactions taxable The Arbitration Court of the Rostov Oblast in Russia has concluded that a Russian citizen who traded cryptocurrency on a peer-to-peer basis was actually doing business, local crypto media…

DAC Platform, a platform for gamified Web3 rewards and engagement, has strategically joined forces with $PEOG. This collaboration aims to mark a remarkable step forward in redefining the intersection of internet rewards, culture, and community-focused content creation. 🚀 PARTNERSHIP ANNOUNCEMENT 🚀DAC Platform x $PEOG 🤝We are excited to welcome $PEOG as an official partner of DAC Platform!🌐 $PEOG is a meme launchpad that goes beyond traditional meme coins, combining AI-driven creation with Web3 innovation. Users can bring creative ideas… pic.twitter.com/wvZAcNe5Nq — DAC Platform (@DAC_Platform) June 27, 2025 $PEOG is a next-level meme launchpad which strives to integrate AI creativity with…

BlackRock has now moved over $560 million of Bitcoin into Coinbase Prime in just two days, according to Onchain Lens. On Monday, 4,113 BTC were transferred to Coinbase accounts linked to the firm. Today, another 1,249 BTC followed. Based on data from Onchain Lens, a total of 5,362 BTC — currently worth around $560.9 million — has been transferred since the start of the week. Most of it arrived in blocks of 300 BTC. It all went to Coinbase Prime, a platform used almost exclusively for institutional trading and custody, often when assets are about to be sold, rebalanced or…

This is a segment from the Forward Guidance newsletter. To read full editions, subscribe. As you’ve probably heard a thousand times: Tokenization is in its early stages. But a new tidbit seems to confirm that the utility of onchain assets will continue to evolve. As it stands now, stablecoins are “really the only [RWA]” that have gained substantial product-market fit, Ondo Finance CEO Nathan Allman recently told me. (My fuller Q&A with Allman will hitBlockworks.co a bit later). Circle had its IPO earlier this month and the Senate passed the GENIUS Act last night, both of which brought stablecoins further…

This is a segment from the Lightspeed newsletter. To read full editions, subscribe. I hosted Permissionless Labs CEO David Rhodus on the Lightspeed podcast this week, and he gave me an overview of Pipe Network, the company’s forthcoming content delivery network (CDN) that’s being built on Solana. His pitch made some intuitive sense: CDNs — which temporarily store online content on servers around the world to get closer to end-users — haven’t seen much innovation in 25 years. Pipe could let content be stored even closer to users, which would make their content load faster. But outside of the product…