Author: NBTC

Bitget Wallet said its tokenized SpaceX IPO subscription sold out within 30 minutes after attracting demand that exceeded the initial allocation by four times. The offering, powered by xStocks, received $13 million in commitments on the Solana blockchain,. making it one of the few tokenized IPO products accessible directly from self-custodial wallets, without requiring users to hold assets on a centralized exchange. The result highlights growing interest in onchain access to private and public market investments. Initial Allocation Filled in Minutes According to Bitget Wallet, the subscription opened on June 9 with an initial allocation of $3 million. The allocation…

The European Union is preparing to require companies to source components from at least three different non-Chinese suppliers, part of a sweeping effort to untangle the bloc’s deep dependence on Chinese manufacturers across critical industries. Starting June 30, 2025, Chinese medical device manufacturers will be excluded from EU public tenders valued at more than 5 million euros, under Regulation 2025/1197. For contracts where Chinese firms can still participate, their share will be capped at 50% by value. These procurement rules are expected to apply to all EU contracting authorities, though there may be exceptions carved out for smaller local authorities…

Cleveland Fed President Beth Hammack, among other Fed officials, gave cautious messages regarding expectations of interest rate cuts. Hammack stated that the Fed’s current policy stance remains the baseline scenario for the long term, and that the statements in the latest meeting minutes, interpreted by markets as suggesting “the next step could be an interest rate cut,” do not align with his economic outlook. In a statement today, Hammack said that although the Fed’s policy statement indicated that interest rates would remain unchanged, the signal given to the market pointed to a possible rate cut. Arguing that this could be…

Sports-focused blockchain Chiliz is expanding its roster of over 70 fan tokens to Solana and Base, the Ethereum layer-2 network developed by Coinbase (COIN). Chiliz rolled out its own layer-1 network in 2023 to host the trading of its tokens, but is transitioning to what it calls “omnichain distribution,” according to an announcement on X on Tuesday. “By using an Omnichain Fungible Token (OFT) standard, fan tokens will exist on each supported chain with a unified supply, eliminating the need for wrapped tokens or fragmented liquidity pools,” Chiliz said. Fan tokens are digital assets that represent membership of a community…

Federal Reserve Vice Chair for Supervision Michelle W. Bowman appeared before the House Financial Services Committee on June 4, telling lawmakers that banks need clearer rules for engaging with digital assets. The $GENIUS Act and stablecoin clarity At the center of Bowman’s testimony sits the $GENIUS Act, enacted in July 2025, which established a federal regulatory framework specifically for payment stablecoins. The law created a set of ground rules for stablecoin issuers, covering things like capital requirements, liquidity standards, and oversight responsibilities. Bowman indicated the Fed is now working alongside the FDIC and the Treasury Department to develop specific guidelines…

South Korea’s cryptocurrency market is slowing in trading activity even as institutional development continues to expand. A new report from CoinGecko shows the sector is gradually shifting away from speculative trading toward regulation, stablecoin development, and corporate adoption. While exchange volumes have declined, banks, policymakers, and technology firms are continuing to build infrastructure aimed at longer-term use. According to the report, South Korea has turned out to be a significant market for stablecoins that do not operate in U.S. dollars. In addition, regulators, exchanges, and financial institutions have been showing their involvement in the development of payment systems based on…

Coinbase (COIN) shares fell about 4% in after-hours trading Thursday after the crypto platform reported weaker-than-expected first-quarter results as falling crypto prices weighed on trading activity, one of the company’s main sources of revenue. The company posted a loss of $1.49 per share, compared with analyst expectations for a 27-cent profit. Revenue came in at $1.41 billion, below estimates of $1.52 billion. Transaction revenue totaled $755.8 million, missing analyst expectations of $805.2 million. Subscription and services revenue, a segment investors closely watch as Coinbase tries to reduce its reliance on trading fees, totaled $583.5 million, below expectations of $619.3 million.…

Hunter Biden, son of former US President Joe Biden, made a noteworthy statement regarding the cryptocurrency sector. Responding to a question on social media about his stance on cryptocurrencies and how he would combat Elizabeth Warren’s anti-crypto army, Biden gave a single-word answer: “Hyperliquid.” As is known, Hyperliquid ($HYPE) is one of the decentralized cryptocurrency exchanges that have become popular recently. However, the reason why Hunter Biden, a controversial figure in the US, made this statement is unknown. Lobbying efforts by cryptocurrency sector representatives and the voting percentages of cryptocurrency supporters are of critical importance in the US. In the…

Bitcoin fell to $78,600 on May 15 as bond yields surged to a 12 month high, rattling risk markets. The US 10-year Treasury yield surged to 4.54% on May 15, its highest point since May 2025, after hotter than expected CPI and PPI data stoked fears of a Federal Reserve rate hike. The 30-year yield crossed 5% while the 2-year broke above 4%. Inflation and yields hit crypto and equities Bitcoin fell as low as $78,600, down roughly 4% from Thursday’s $82,000 high, before stabilising slightly above $79,000. The selloff spread to equities, with the Nasdaq 100 opening 1.7% lower…

Block (NYSE: SQ) gave Wall Street a messy first-quarter report. The payments company beat adjusted profit expectations and lifted its 2026 gross profit forecast, but it also reported a $308.7 million net loss for common stockholders. The Jack Dorsey-led company now expects $12.33 billion in full-year gross profit for 2026. Its old forecast was $12.20 billion. The stock rose 7% after hours, after gaining about 9% this year before the earnings release. Block said, “We delivered year-over-year gross profit growth of 27% in the first quarter, with growth accelerating across both Cash App and Square.” It also said adjusted operating…