Author: NBTC

SEC Commissioner Hester Peirce clarified the scope of a proposed innovation exemption for onchain trading of tokenized NMS stock, cautioning against mischaracterization of the initiative. Peirce stated the exemption would be limited and facilitate trading only of digital representations of the same underlying equity securities available in secondary markets today—explicitly excluding synthetic assets. Peirce’s statement appears designed to manage expectations around tokenization efforts under SEC oversight. The commissioner has been a vocal proponent of blockchain innovation within regulatory frameworks but emphasized that the contemplated exemption would not expand the universe of tradeable assets beyond what currently exists in traditional equity…

A prominent cryptocurrency whale, identified by the on-chain label ‘1011,’ has opened a $1.26 million short position on Zcash ($ZEC) with 3x leverage, according to data shared by on-chain analyst ai_9684xtpa. This move comes after the same address previously suffered a massive liquidation event totaling approximately $230 million. A Trader’s Calculated Risk or a Desperate Bet? The whale’s latest position is a 3x leveraged short on $ZEC, indicating a bearish outlook on the privacy-focused cryptocurrency. The size of the position, while significant at over $1.2 million, is relatively small compared to the whale’s overall portfolio. The same address currently holds…

In the midst of its playoffs surge, the top professional hockey league has agreed to coordinate oversight of betting on popular prediction markets with the U.S. Commodity Futures Trading Commission, securing a new memorandum of understanding similar to the one recently struck with Major League Baseball. The National Hockey League, which had officially linked itself last year with both Kalshi and Polymarket as the league’s official prediction market partners, has agreed to share information with the regulator on event contracts tied to its games, according to a Thursday statement from the agency. The CFTC has been pursuing similar arrangements with…

A European regulator has partially suspended the operating license of the company behind troubled crypto exchange Zondacrypto. The Financial Intelligence Unit (FIU) of Estonia partially suspended the license of BB Trade Estonia OÜ, operating under the Zondacrypto brand, according to a statement on Monday. According to the FIU, the company is now barred from accepting deposits and onboarding new clients, while existing users are still allowed to withdraw their funds. The suspension puts BB Trade Estonia OÜ at risk of losing its operating license if it does not meet compliance requirements set by Estonian authorities. Source: FIU Zondacrypto faces broader…

Jihan Wu, the founder of Bitmain and Bitdeer, has proposed a novel solution to one of Europe’s growing energy challenges: using Bitcoin mining operations to absorb surplus solar power. In a post on his X account, Wu argued that the rapid expansion of solar energy across the continent has created a serious imbalance between supply and grid capacity, leading to wasted electricity and eroded profitability for renewable energy producers. The Solar Cannibalization Problem in Europe Europe has seen a surge in solar panel installations over the past decade, driven by ambitious climate targets and falling hardware costs. However, this growth…

If Bitcoin drops below $73,786, more than $1.29 billion in leveraged long positions could be liquidated across major centralized exchanges, according to derivatives analytics platform Coinglass. Fresh data from Coinglass show that if Bitcoin ($BTC) falls under $73,786, cumulative long liquidation intensity on mainstream centralized exchanges reaches roughly $1.291 billion, highlighting just how crowded leveraged bullish bets have become near all time highs. Bitcoin Open Interest & Volume, Source: Coinglass. How exposed are Bitcoin longs and shorts at current levels On the flip side, the same liquidation heat map indicates that if Bitcoin breaks above $80,995, cumulative short liquidation intensity…

Ethereum has been the quiet trade of 2026. While Bitcoin grabbed headlines and altcoins rotated, $ETH drifted — down against Bitcoin, range-bound in dollar terms, overshadowed by narratives it never quite owned. But something is shifting beneath the surface. And the name at the centre of it is Bitmine. One Company, 4.37% of All $ETH in Existence As of writing, Bitmine Immersion Technologies (NYSE: BMNR) holds 5,278,462 $ETH — 4.37% of Ethereum’s total circulating supply of 120.7 million tokens. Total staked $ETH stands at 4,712,917 — worth approximately $10.3 billion at $2,191 per $ETH. Annualised staking revenue is projected at…

At least five crypto companies have shuttered this week as a prolonged downturn in the crypto market has put downward pressure on user activity and investor funding. Crypto trading card platform Fantasy.top, cross-blockchain infrastructure company Everclear, and Ethereum layer-2 blockchain ZERO Network all announced Thursday that they were winding down, with their products failing to find the right fit in the market or sustain enough revenue. This came the same week Ethereum infrastructure firm Syndicate Labs announced it was winding down after five years in a shrinking rollup market, and crypto ATM company Bitcoin Depot filed for bankruptcy in the…

Nexpace, the Web3 intellectual property expansion initiative for the popular MapleStory Universe (MSU), has announced a $10 million buyback program for its native token, $NXPC. The project team revealed the initiative on X, stating that the buyback is designed to bolster the long-term stability and sustainability of the $NXPC ecosystem. Details of the Buyback Program The buyback program will be executed on global cryptocurrency platforms over the next three months, with purchases occurring in stages. This structured approach is intended to minimize market disruption while supporting the token’s value. The Nexpace team has also confirmed that it has already burned…

Former Silvergate Bank chief risk officer Kate Fraher has publicly challenged the circumstances surrounding her 2024 settlement with the U.S. Securities and Exchange Commission, arguing that regulators never proved the bank’s anti-money laundering controls had failed. In comments published Wednesday, Fraher said she agreed to settle with the SEC to avoid what she described as a “multi-year battle” with the regulator after the agency accused Silvergate executives of misleading investors about the bank’s Bank Secrecy Act and anti-money laundering compliance procedures tied to crypto clients such as FTX. Her remarks came days after the SEC, under Chair Paul Atkins, rescinded…