Author: NBTC

Robinhood has secured final Canadian regulatory approval for its planned acquisition of WonderFi, allowing the C$250 million deal to move toward a June 1 closing date. According to WonderFi’s press release issued on Monday, the Canadian Investment Regulatory Organization approved WonderFi subsidiary Coinsquare Capital Markets on May 20, completing the last remaining condition tied to the acquisition. Toronto-based WonderFi operates several regulated crypto businesses in Canada, including Bitbuy, Coinsquare, and Bitcoin.ca. Once the transaction closes, Robinhood will gain access to a regulated crypto trading network already established in the Canadian market. $HOOD acquisition of WonderFi Technologies has received regulatory approval…

Ohio just hit the brakes on one of the most generous data center incentives in the country. Governor Mike DeWine ordered a pause on new applications for sales and use tax exemptions for data centers, a program that was supposed to cost the state $136 million but actually ran up a tab of roughly $1.5 to $1.6 billion in 2025. That’s not a rounding error. That’s a 12-fold overshoot, the kind of budget surprise that makes state comptrollers lose sleep. How Ohio became the AI gold rush’s favorite tax haven The exemption was designed to lure data center developers to…

While many traders expect the CLARITY Act to spark a major Bitcoin rally, Brian Dixon says the market may not react immediately. Speaking alongside Grant Cardone at the 10X Conference, Dixon said, “The day after, I don’t think it does much,” referring to Bitcoin’s short-term price action if the bill passes. Instead, Dixon argued that the legislation’s true impact would likely unfold much later. According to him, the CLARITY Act is not about creating an instant “green candle,” but about building long-term confidence around crypto markets. Dixon explained that the biggest effects could play out gradually over the next 6…

Crypto platform Kraken is offering customers an easier way to earn yield on their bitcoin holdings without selling or actively managing assets across decentralized finance (DeFi) protocols. The Bitcoin Vault product within Kraken Earn allows users to win rewards denominated in bitcoin while maintaining exposure to BTC’s price. It is aimed at long-term holders looking for passive income opportunities tied to assets they already plan to keep over time, Kraken said in the Wednesday press release. The new offering is powered by DeFi infrastructure provider Veda and operated by Sentora, with customer assets allocated across established onchain lending and yield…

Latest developments: Hardware wallet maker Ledger and MetaMask developer ConsenSys are among crypto companies delaying IPO plans. Fundstrat Head of Digital Asset Strategy Sean Farrell told CoinDesk’s Jennifer Sanasie on Public Keys that crypto trading volumes are down roughly 75% year-to-date, pressuring valuations across publicly traded crypto firms. Farrell said companies are reluctant to go public in a weak market because IPOs represent a critical fundraising opportunity and firms want to maximize valuations for existing investors. Ledger had reportedly lined up Goldman Sachs, Jefferies and Barclays for a planned $4 billion New York Stock Exchange listing before pausing those plans.…

Anchorage Digital, the crypto custody and banking firm, has continued its accumulation of $HYPE tokens, purchasing an additional 397,000 tokens worth approximately $18 million from the exchanges Bybit and OKX, according to on-chain analysis platform Onchain Lens. The transactions were detected roughly six hours ago from an address linked to the institution. Institutional Accumulation Over the Past Month The same wallet address has now accumulated a total of 2.13 million $HYPE tokens over the past month, valued at approximately $91.99 million at current market prices. This pattern of steady buying suggests a deliberate strategy rather than a one-time market move.…

Kalshi has backed a new lobbying group for prediction markets called Americans for Fair Markets, which has tapped former deputy White House chief of staff Taylor Budowich as its strategic advisor. Kalshi said on Friday that the organization is positioning itself against sportsbooks and casinos, which it claims are “focused on protecting their monopolies and seeding lies about prediction markets to policymakers.” Americans for Fair Markets, which Kalshi said was launched with its support, would join a broader lobbying push that includes the Coalition for Prediction Markets, an advocacy group for prediction markets launched in December 2025, backed by Coinbase,…

Decentralized exchange (DEX) Hyperliquid launched canonical prediction markets for offchain events, as the platform starts expanding beyond perpetual futures. Validators run automated newsfeed software that publishes the markets and votes on deployment and settlement, Hyperliquid said in a Monday Telegram post. The markets are built on Hyperliquid’s HIP-4 and use Circle’s $USDC ($USDC) as the quote asset. Hyperliquid said the first markets will open based on the May Consumer Price Index (CPI) year-over-year change and the June federal funds rate decision. The launch puts prediction markets inside Hyperliquid’s existing trading stack, allowing users to trade event outcomes alongside spot and…

Texas is no longer just talking about a state Bitcoin reserve. It’s building the infrastructure to actually manage one. Acting Texas Comptroller Kelly Hancock announced on May 28 the formation of the Texas Strategic Bitcoin Reserve Advisory Committee, a five-member panel created under Senate Bill 21. The committee’s job: advise the state on how to value, secure, and manage Bitcoin as a public asset. Who’s on the committee The panel draws from mining, finance, and academia. Gary A. Vecchiarelli, President and CFO of CleanSpark, landed one of the five seats. CleanSpark is one of the largest publicly traded Bitcoin miners…

Meta just wrote a $13 million check to keep its content moderation watchdog alive through 2028. The Oversight Board, which independently reviews the company’s trickiest content decisions across Facebook, Instagram, and Threads, announced the new funding on May 28. This isn’t just a routine budget top-up. The money reverses what had been a planned budget reduction for 2027 and 2028, a trajectory that had sparked real questions about whether Meta was quietly letting its most visible accountability mechanism wither on the vine. What the funding actually means The $13 million will flow into the Oversight Board’s irrevocable trust, a legal…