Author: NBTC

Bitcoin has now declined for five consecutive trading days between May 15 and May 19, marking its second longest losing streak of the year and trying to put in its first daily green candle in six days. The latest pullback has seen bitcoin slide from above $80,000 to roughly $76,000 in light of broader market weakness. During the downturn, leveraged traders on Bitfinex continue to add exposure. Data from the TradingView shows bitcoin margin longs, positions opened using borrowed funds, have risen to 80,636 $BTC, up roughly 1.5% over the past several days and now sitting at their highest level…

Yuga Labs, the prominent $NFT development company behind the Bored Ape Yacht Club (BAYC) collection, announced it has preemptively recovered and secured a significant number of high-value non-fungible tokens after detecting a security vulnerability in the Flooring Protocol. The operation, led by Quit — Yuga Labs’ blockchain security division — successfully retrieved 29 BAYC tokens, along with four Mutant Ape Yacht Club (MAYC) NFTs, two CryptoPunks, one Azuki, and 26 Captainz. Preemptive action to prevent further attacks Yuga Labs CEO Michael Figge confirmed the recovery on X, stating that the company acted swiftly after identifying a risk of further exploits…

Canada is handing back $148 million to 30 US-based companies after repealing the digital services tax (DST) that briefly made it one of the most aggressive jurisdictions for taxing Big Tech. The Canada Revenue Agency processed the refunds, plus $4 million in interest, by the end of April 2026. The DST, a 3% levy on digital services revenue from large technology firms, collected $647 million in total before it was suspended on June 30, 2025. Of the $647 million collected, $358 million was applied to cover other tax liabilities the companies already owed. That left $289 million earmarked for refunds.…

Latest Coinglass data show Hyperliquid whale accounts holding a combined $4.016 billion in notional positions, with longs only marginally ahead of shorts on size but comfortably in the lead on PnL as one heavily leveraged $ETH long dominates the winner’s circle. Latest Coinglass whale-tracking data indicate that large traders on Hyperliquid currently hold a combined $4.016 billion in notional positions, almost perfectly balanced between the two sides of the book. Whales are near flat but shorts are underwater Long exposure stands at $2.024 billion, representing 50.39% of whale holdings, while short exposure totals $1.992 billion, or 49.61%, putting the long‑short…

Robinhood Markets is preparing to route some World Cup prediction market contracts through Rothera, marking a shift away from its longtime partner Kalshi as the retail broker tests its own event trading infrastructure. Rothera, a US based derivatives exchange majority owned by Robinhood and Susquehanna International Group, is expected to handle contracts tied to individual World Cup matches, the tournament winner, and total goals during games, Bloomberg reported Thursday. The 2026 World Cup begins June 11 and will feature 104 matches across the US, Canada, and Mexico, making it a major test case for prediction markets as platforms compete for…

America’s biggest banks, including JPMorgan, Citi and Bank of America, plan to build a shared, tokenized deposit network by the first half of 2027 to protect their deposits from the threat posed by stablecoins, the Wall Street Journal reported. The system will be operated by The Clearing House, the payments company collectively owned by the banks. Some banks are calling the network “the bridge,” others call it “the chain,” the WSJ said. Tokenized deposits are blockchain representations of customers’ money held at a bank. The planned system will convert these deposits into a digital token that can be transferred swiftly…

This is an excerpt from CoinDesk newsletter ‘Daybook.’ Sign up here, if you haven’t already. Bitcoin has bounced to over $77,000, triggering a broader market recovery that has lifted both the CoinDesk 20 (CD20) and CoinDesk 80 (CD80) indexes by more than 1% since midnight UTC. Some coins, such as privacy-focused Dash and $XDC Network’s $XDC token, have gained 10% over the past 24 hours. Some analysts continue to maintain a cautious stance, saying the market is caught between positive regulatory tailwinds and macro headwinds. “Short-term action is pressured by [ETF] outflows and macro caution, while long-term positioning is supported…

Ripple CTO Emeritus David Schwartz has candidly revealed that he does not have much $XRP left. He may miss out on massive crypto windfalls, but the Ripple veteran claims peace of mind is his top priority as of now. The $1.05 Ethereum sale As reported by U.Today, Schwartz famously sold Ethereum ($ETH) at just $1.05/ Addressing the early $ETH sale, Schwartz maintained his pragmatic stance on probability and market forecasting. “If I had thought there was a 1% chance of it hitting $2,368, I would not have sold it for $1.05,” he said. When subsequently asked by another user if…

South Korean authorities are escalating their fight against cryptocurrency-related financial crime. The National Police Agency has announced the formation of a specialized task force dedicated to investigating and disrupting money laundering operations that rely on Tether ($USDT) and other digital assets. The move, first reported by the Korea Economic Daily, comes in response to a sharp increase in illicit financial activity facilitated by a growing network of unregistered crypto exchange offices operating across Seoul. Targeting a Growing Underground Economy The task force will be led by the head of the Economic Crime Investigation Division and will draw personnel from multiple…

In a transaction that caught the attention of the crypto community, Whale Alert reported the movement of 500 million USDS from the Poloniex exchange to an unidentified wallet address. The transfer, valued at approximately $500 million, is one of the largest stablecoin movements recorded in recent weeks. Details of the Transaction According to the blockchain tracking service Whale Alert, the transfer occurred on [date of event, e.g., March 18, 2026] and involved the USDS stablecoin, which is pegged to the US dollar. The funds originated from a wallet associated with Poloniex, a cryptocurrency exchange that has faced significant operational changes…