Author: NBTC

Hong Kong is making waves in crypto circles with a seemingly jaw-dropping policy: zero percent capital gains tax on Bitcoin. The problem? This isn’t exactly new. Hong Kong has never imposed a general capital gains tax on long-term investment gains, crypto or otherwise. The real development here is more targeted and, frankly, more interesting. It involves proposed legislation aimed at extending tax exemptions to hedge funds, private equity vehicles, and qualifying family offices that invest in virtual assets. What’s actually changing In November 2024, the Financial Services and the Treasury Bureau released a consultation paper. The proposal would extend existing…

FTX Trading Ltd. and the FTX Recovery Trust have provided an operational update regarding the next phase of creditor and stakeholder distributions under FTX’s restructuring process. According to a press release issued this week, the anticipated record date for the next distribution to holders of allowed claims and interests has been set for June 16, 2026, with distributions expected to commence on July 31, 2026. Payments to eligible Preferred Equity Holders are scheduled for July 31, 2026. Holders of Allowed $NFT Customer Entitlement Claims under the confirmed Chapter 11 Plan will become eligible to initiate the $NFT distribution process beginning…

The Hashgraph Group, a Swiss Web3 and AI technology company, introduced BrandBoost, a new platform designed to help businesses build more active customer engagement through gamification and digital rewards. BrandBoost works as a SaaS platform and allows brands to create real-time interactions using no-code tools, community challenges, digital collectibles, and personalized incentives. The system uses behavioral data and AI analytics to help companies build stronger and more direct relationships with users. The platform is built on Hedera’s distributed ledger technology and also integrates several products from The Hashgraph Group. AssetGuard, the company’s enterprise digital wallet solution, enables self-custody storage, while…

The institutional bid under bitcoin is running on fumes. U.S. spot bitcoin ETFs have absorbed a net 4,500 BTC since the start of the year, an unusually thin number given the products were the structural buyer that powered the 2025 rally, per Swissblock data shared on X Tuesday. March and April produced steady accumulation that helped lift bitcoin off lows near $65,000, while May has flipped the other way with just three days to go before the month ends. “After strong accumulation in March and April, May has flipped back into distribution,” Swissblock said in its post. “The Risk Index…

Crypto exchange $HTX rejected U.K. claims it helped Russia’s “illicit financial infrastructure” used for moving funds and sustaining the country’s war in Ukraine, saying it refused a listing application from the A7A5 ruble stablecoin. “A7A5 was trying to list their stablecoin. However, following our rigorous internal due diligence and compliance review processes, their application was explicitly rejected,” a spokesperson for $HTX told CoinDesk. The token’s issuer, A7 LLC, is already sanctioned by many Western governments. In a sanctions note issued Tuesday, the Foreign Office didn’t provide specific evidence of any $HTX-A7A5 cooperation. The ministry said it had “reasonable grounds to…

Ethereum trades at $2,104 on May 25, holding barely above the channel’s lower trendline after a 12% pullback from early May highs, as negative sentiment, ETF outflows, and high-profile $ETH sales pile pressure on a chart that has no clean floor below $2,078. $ETH Daily Chart: Channel Support Is All That Stands Between Here and $1,900 $ETH Daily Price Action (Source: TradingView) Price is pressing against the lower boundary of a rising channel that has contained Ethereum’s range since the February lows. All four EMAs are stacked above current price, with the 20 EMA at $2,181, the 50 EMA at…

Band Protocol, a popular decentralized oracle ecosystem, is expanding its services via COTI Network, a blockchain entity for privacy-first payments. So, Band Protocol is expanding COTI Price Feeds, taking into account the launch of the exclusive COTI Privacy Portal. As per Band Protocol, this denotes a key advancement for protected decentralized finance (DeFi) innovation and privacy-focused blockchain infrastructure. The integration unveils unique price feeds for $gCOTI, $USDT, and $ADA while also fortifying the existing network developed around $USDC, $COTI, $ETH, and $BTC. Privacy is now powered by Band on @COTInetwork!We are officially expanding Band Price Feeds to support the launch…

Bitcoin ($BTC) is trapped in its new consolidation band, holding between about $76,000 and $78,500. That range has now become the market’s near-term battlefield, with $BTC roughly 38% below its all-time highs. While this sideways action may appear stable, a new CryptoQuant report argues that miners themselves don’t yet believe the market has fully reached a bottom. No Panic, Still Cautious The report points to a key indicator: the decline in Binance Pool Miner Reserve data. Since Binance Pool accounts for a large portion of the global hash rate, its behavior is often treated as a useful proxy for broader…

Ethereum is currently facing a brutal reality check, and even some ardent Bitcoin maximalists now feel pity for their arch-rival as the ecosystem is struggling with massive institutional losses and various structural obstacles. “I hate Ethereum as much as the next Bitcoin Maximalist,” JAN3 CEO and prominent Bitcoiner Samson Mow recently shared on X. “But even I can’t help but feel a bit sorry for how bad things are for them now.” This pitiful comment comes as Ethereum continues to trade sluggishly between $2,000 and $2,150. Capital is evidently rotating toward Bitcoin, with the closely watched $ETH/BTC ratio plunging to…

Securitize reported record quarterly revenue as the tokenization platform continued advancing toward an eventual public listing through its proposed SPAC merger with Cantor Equity Partners II (CEPT), underscoring growing institutional demand for tokenized real-world assets despite ongoing profitability pressures. The Miami-based company said first-quarter revenue rose 39% year over year to $19.5 million, the highest quarterly revenue in its history, according to results released Wednesday. Asset servicing revenue surged 201% to $8.3 million, reflecting the continued expansion of Securitize Fund Services, which serviced 650 active funds as of March 31. Tokenization revenue totaled $11.1 million, compared with $11 million in…