Author: NBTC

A growing number of Republican senators are voicing reservations about the CLARITY Act, specifically its provisions regarding stablecoin yield, according to Punchbowl News reporter Brendan Pedersen. Sens. Mike Rounds (R-S.D.) and James Lankford (R-Okla.) have emerged as key figures expressing concern, signaling potential hurdles for the legislation as it moves through Congress. Concerns Over Stablecoin Yield and Community Banks Senator Rounds stated that while he supports advancing the CLARITY Act as part of broader efforts to establish regulatory safeguards for the cryptocurrency industry, he cannot offer his final backing until the stablecoin yield provision is revised. The provision in question…

Spot decentralized exchange (DEX) trading volume has slumped to one of its weakest levels in nearly two years, a slide that has taken hold as activity across the wider crypto market keeps thinning out. DEXs have grown into a central venue for investors over recent months, largely because they now sit at the crossroads between crypto and traditional finance. The role improves with the arrival of on-chain stocks, whose explosive run earlier in the month pulled fresh capital and attention onto decentralized trading rails before the momentum faded. Spot DEX volume plummets Blockworks’ Spot DEX dashboard indicated a major collapse…

Bitcoin has fallen nearly 3% toward $63,000 after stronger-than-expected U.S. labor market data reinforced the Federal Reserve’s hawkish outlook and reduced expectations for short-term rate cuts. According to U.S. Department of Labor data, initial jobless claims fell to 226,000 for the week ended June 13, down from a revised 230,000 in the prior week. The report arrived one day after the Federal Reserve held rates steady at 3.50%-3.75% during its June 17 FOMC meeting, marking a fourth consecutive pause while policymakers projected the possibility of additional tightening in 2026. The outlook prompted traders to reduce exposure to risk assets. Oil…

Crypto News A former Goldman Sachs credit investor argues that Strategy’s STRC preferred stock is undervalued by roughly 13%, worth near $96 against a market price of about $85. Khing Oei, who spent 25 years valuing risky debt at Goldman and hedge funds, published a model that treats STRC like a bond rather than a perpetual yield instrument. The security, backed by Strategy’s vast Bitcoin ($BTC) holdings, pays a 12% dividend but never matures and never repays its $100 par value. Our reading of the thesis: the discount reflects fear that the payout could stop, not the cash the shares…

Ripple executives took to X to celebrate the $XRP Ledger’s (XRPL) 14th anniversary, reflecting on the network’s success over the years. Yesterday, the $XRP Ledger community marked 14 years since the network’s early foundations were established. To commemorate the milestone, Ripple CTO Emeritus David Schwartz shared a reflective message highlighting the collaborative journey behind the $XRP ecosystem’s growth. Meanwhile, Ripple CEO Brad Garlinghouse also joined the celebration, emphasizing the enduring strength of the $XRP community. Key Points The $XRP Ledger community recently celebrated the network’s 14th anniversary. Ripple CTO Emeritus emphasized that XRPL’s success was driven by its community members…

Chinese authorities have arrested 16 individuals suspected of operating a cryptocurrency money-laundering network linked to telecom fraud, according to a report by The Block. The arrests underscore Beijing’s ongoing efforts to curb digital asset misuse in financial crimes, particularly those targeting vulnerable citizens through phone scams. How the alleged scheme operated Officials said the group functioned as a family-based organization, recruiting members of the public to provide bank accounts and debit cards. These instruments were then used to launder illicit proceeds derived from telecom fraud. The operation highlights a common tactic in which fraudsters use cryptocurrency to obscure the flow…

Changpeng Zhao (CZ), the founder of Binance, the world’s largest cryptocurrency exchange, made striking statements on a number of critical issues, ranging from Bitcoin cycles and global regulations to the threats of artificial intelligence (AI) and the future of quantum computing, during his appearance on the Galaxy Brains podcast. Evaluating the current state of the market, CZ stated that Bitcoin’s traditional 4-year cycle continues to work almost exactly the same, with only a day’s difference. Arguing that the price decline is a normal market movement, the renowned analyst reminded that there have been drops of up to 80% in the…

A Hong Kong dollar stablecoin backed by a Standard Chartered-led venture could begin trading as early as July 31, 2026, offering the crypto market a regulated digital currency pegged to something other than the US dollar. The Hong Kong Economic Journal reported that HKDAP is expected to launch before the end of July. The timing is nothing short of significant. Over the years, stablecoins have developed into a market valued at well over $310 billion, but nearly all of that value is tied up in US dollar-pegged tokens. According to DefiLlama, Tether (USDT) accounts for around 59% of the market…

Grayscale said Wednesday it launched a Hyperliquid ($HYPE) exchange-traded product (ETP) with the lowest fee among its U.S.-listed competitors, escalating a price war in one of crypto’s newest and fastest-growing ETF categories. The asset manager announced the Grayscale Hyperliquid Staking ETF (HYPG) on Nasdaq, disclosing a 0.29% sponsor fee and confirming the ticker HYPG. The fee undercuts rival Hyperliquid products from both 21Shares and Bitwise and marks the first meaningful fee competition in the emerging market for $HYPE investment products. 21Shares’ Hyperliquid ETF, THYP, began trading on Nasdaq on May 12 with a 0.30% expense ratio. Bitwise’s BHYP launched three…

The Crypto Clarity Act passed the House in July 2025 and subsequently entered Senate deliberation. Billionaire investor Mike Novogratz has made statements regarding Democratic positions on the bill, though the legislative process remains ongoing with key provisions still requiring finalization. Key takeaways The Crypto Clarity Act passed the House in July 2025 and has been in Senate deliberation since. The Senate has not yet finalized agreements on government ethics provisions and enforcement authority. The legislation proposes splitting regulatory oversight of digital assets between the SEC and the Commodity Futures Trading Commission (CFTC). Key figures to watch include President Donald Trump,…