Author: NBTC

SEC Chair Atkins expects passage, but the September 15 action is a 60-vote cloture hurdle with at least three unresolved fights capable of sinking the most ambitious crypto bill in American history. The Digital Asset Market Clarity Act passed the House 294 to 134 in July 2025 with 78 Democrats voting yes. It cleared the Senate Banking Committee 15 to 9 in May 2026. And now it arrives at the one vote that actually matters with the math working against it and three political landmines sitting in the text. SEC Chair Paul Atkins told reporters on September 2 that he…

Bitcoin is under renewed selling pressure, and one chart analyst says the coming weeks could determine whether this bear market is entering its final stage or has further to fall. Bitcoin was rejected from resistance earlier this month and has since pulled back. Bitcoin is testing structural support near $63,760 after being rejected in July, with price now approaching a wider zone the analyst is watching closely. The analyst is watching a support zone between $59,356 and $62,492 very closely, saying a failure to hold that range could signal the next leg lower is already underway. If that happens, the…

Ripple CEO Brad Garlinghouse is scheduled to speak at the Wyoming Blockchain Symposium on Aug. 18, joining U.S. policymakers and financial industry executives as the debate over digital asset regulation moves into another important stretch. SALT’s updated agenda schedules Garlinghouse’s 15-minute session, “Modernizing Financial Infrastructure,” for 3:05 p.m. Mountain Time at the Four Seasons Resort Jackson Hole. CNBC markets and crypto reporter Tanaya Macheel will moderate. Ripple CEO’s session focuses on financial infrastructure Garlinghouse’s appearance is now more specific than when SALT first announced him as a speaker in July. As crypto.news previously reported, Ripple joined the third annual Wyoming…

Cory Klippsten, CEO of Swan Bitcoin, responded to comments from Galaxy Digital’s CEO Mike Novogratz, rejecting the idea that Bitcoin’s value or usefulness comes mainly from trust or shared belief among its users. Klippsten stated that Bitcoin doesn’t work because of trust, but because anyone and anywhere can verify. His main point is that users don’t need to trust anyone: not governments, banks, exchanges, developers, big-name Bitcoin advocates, or even the whole crypto community. Instead, they can just check and confirm every important property about the network for themselves. Swan Bitcoin’s CEO is leaning on one of Bitcoin’s original mottos:…

In brief Pencil Finance says a $1 million student-loan bundle completed its funding and repayment cycle on-chain. The financing contributed to loans supporting more than 6,600 students at 118 schools and universities. The company did not disclose interest rates, investor yields, defaults, or blockchain transaction records. The Animoca Brands-incubated Pencil Finance says it has completed a $1 million student-loan cycle on-chain, from raising investor capital to recording repayments and returning the funds with yield. Education-financing company ErudiFi issued the loans, and Pencil Finance, a decentralized lending protocol, packaged them as an on-chain private-credit investment, allowing funders to supply capital and…

The New York company disclosed the stake with results for the quarter ended June 30. StablecoinX started trading as USDE on June 26, one day after closing its merger with TLGY Acquisition Corp., turning a crypto treasury into a listed stock. $ENA is Ethena’s governance token, the asset used to vote on certain protocol choices and, under Ethena’s framework, potentially capture a share of ecosystem economics. In plain terms, StablecoinX is not merely building around Ethena. It now owns a seat at the table. A Large Bet on Ethena The Ethena Foundation supplied 284.95 million $ENA tokens, while PIPE investors…

Washington Regulator Seeks License Revocation The Washington State Department of Financial Institutions (DFI) announced Sept. 3 that it had filed charges against GPD Holdings LLC, doing business as Coinflip, and CEO Benjamin Weiss. The enforcement action seeks penalties, refunds, and restrictions following alleged violations of Washington’s Uniform Money Services Act. The agency stated: “DFI seeks to revoke Coinflip’s license, prohibit the company and its responsible individual from the industry, and order the company and its responsible individual to pay a fine of $1,029,600.” The charges followed a 2025 examination that allegedly identified deficient compliance and risk management practices. DFI said…

The largest Bitcoin miners have effectively stopped selling their mined coins and switched to a strict holding mode, driven by a massive structural transformation across the entire industry. Over the past six months, public miners have collectively reduced their realized hashrate by 15%, completely shutting down around 56 EH/s of computing power. Industry reports confirm that this move was not capitulation — companies are deliberately redirecting their resources toward high-performance computing (HPC) and AI infrastructure. The “Biggest Unplug” charts clearly show who led this exodus: Cango and IREN disconnected 29.5 EH/s and 21.9 EH/s, respectively, during the first half of…

Orionx, a Chilean crypto exchange backed by USDt stablecoin issuer Tether, is shutting down after uncovering a multimillion-dollar issue linked to asset custody. The exchange said it began a permanent closure process after a forensic audit found more than $7 million in custodial assets had moved to wallets it did not manage, according to a company announcement shared on X on Thursday. “Our sole priority now is to return as much of our clients’ assets as possible,” Orionx said, adding that withdrawals are temporarily suspended. The closure comes just 15 months after Tether led Orionx’s Series A as part of…

Oxbridge Re Holdings supplied about 95% of the $781,767 raised by SurancePlus’s two T20 and T42 Solana-based placements. Those two offerings were part of the five placements behind Oxbridge’s broader $7.1 million headline, according to the company’s Aug. 13 filing. SurancePlus, Oxbridge’s 80%-owned tokenized reinsurance subsidiary, offered the two products, T20 and T42. Oxbridge contributed approximately $744,623, while third-party investors supplied approximately $37,143. Using the reported total as the denominator, the split was about 95.25% parent-funded and 4.75% third-party-funded. Oxbridge consolidates controlled subsidiaries, including SurancePlus, so the parent-funded subscription came from inside the group rather than independent investors. The filing…