Author: NBTC

House conservatives are escalating their fight over government surveillance by demanding that any renewal of FISA Section 702 include a permanent ban on central bank digital currencies. Members of the House Freedom Caucus are pushing to attach the CBDC ban to legislation reauthorizing the controversial warrantless surveillance program, which is set to expire on June 12 after Congress passed a 45 day extension in late April. The Senate approved the short term fix after rejecting a longer House bill that included digital currency language. Section 702 allows US intelligence agencies to collect communications of foreigners overseas through US platforms, but…

Bitcoin’s longtime critic and pro-gold advocate, Peter Schiff, is not looking to slow down on his steady criticism of Bitcoin as he continues to harshly attack the world’s largest Bitcoin treasury firm, MicroStrategy. After recently describing MicroStrategy as the world’s largest Ponzi, Schiff has pushed further on his claims against the firm, challenging the chairman, Michael Saylor, for a public discussion on the matter. Schiff declares debate on MSTR To back his claims about MicroStrategy operating under a fraudulent scheme, Schiff has disclosed plans to host a live discussion later today to majorly discuss $MSTR and analyze its structure. I’m…

Nikhil Kamath, co-founder of Indian brokerage firm Zerodha, has publicly warned that dollar-backed stablecoins pose a long-term risk to India’s financial sovereignty, while floating the idea of a gold-backed stablecoin as a potentially more suitable alternative for the country. Posting on X, Kamath explained that the world still runs on the dollar but pointed to a quiet shift happening underneath. Countries are buying gold, trading in non-dollar currency pairs, and building payment infrastructure outside SWIFT. India’s own UPI system, he said, has been an exceptional example of building independent financial rails. The Warning on Dollar Stablecoins Kamath directed his concern…

South Korea has delayed debate on its main digital asset bill until after June elections, postponing long-awaited rules for stablecoins, crypto exchanges, and institutional investors in one of the world’s busiest retail crypto markets. The National Assembly’s National Policy Committee left the proposed Digital Asset Basic Act off the agenda during its final bill-review subcommittee meeting before parliamentary recess on May 12. Lawmakers are unlikely to revisit the bill before the June 3 local elections. As Cryptopolitan reported in late 2025, the bill has been stuck for months due to unresolved disputes between the Financial Services Commission and the Bank…

Bitcoin recently found support at a key onchain metric — the average realized price for a specific year — in this case the 2023 cost basis. The 2023 average realized price currently sits around $63,700. During the local bottom in early February, when bitcoin dropped roughly 50% from its October all-time high, to roughly $60,000, price effectively tested and held this level as support. This behavior mirrors the previous cycle. In early 2023, as the bull run began, bitcoin experienced several small corrections and repeatedly used the 2023 realized price as support. This can be observed in March, July, and…

A deep-pocketed, anonymous cryptocurrency whale has added another 5,001 $ETH to its already massive position, spending $10.6 million in a series of trades over the past three hours. On-chain analyst EmberCN reported the transactions, which were executed via the decentralized exchange aggregator CowSwap at an average price of $2,110 per Ether. Whale’s $290 Million Ethereum Position Built on DeFi Loans The whale address, beginning with 0x54d, now holds a total of 132,000 $ETH, valued at approximately $290 million at current market prices. What makes this position particularly noteworthy is that it has been entirely built through borrowing on decentralized lending…

Trump Media & Technology Group (DJT) faces persistent financial challenges despite its aggressive expansion into the cryptocurrency sector, according to a recent report by the Associated Press. The company’s stock has plummeted more than 60% since President Donald Trump’s re-election, and an accelerating investor exodus underscores deeper operational issues. Trump Media struggles despite crypto expansion: Key financial indicators The Associated Press report highlights several critical data points. Trump Media partnered with Crypto.com to build a digital ecosystem. It also raised $2.5 billion to purchase Bitcoin ($BTC). Despite these moves, the company fails to achieve expected results. The stock decline began…

$WLFI team wallets burned 100M tokens worth $6.68M as part of a Lockbox unlock, a cosmetic squeeze against a looming 62B‑token overhang and choppy price outlook. Team-linked wallets for World Liberty Financial ($WLFI), the DeFi project associated with the Trump family, have burned 100 million $WLFI tokens over the past 19 hours, worth roughly $6.68 million, according to on-chain monitoring flagged by analyst Yu Jin on X. Yu Jin reported that “$WLFI team-related addresses (founders/team members/advisors/partners) have burned 100M $WLFI in the past 19 hours, worth $6.68M,” noting that four such addresses first sent 1 billion $WLFI into the project’s…

Senate Banking Committee members face scorecard pressure as Stand With Crypto plans to score recorded CLARITY Act markup votes. The group says it represents more than 2.9 million U.S. advocates. Key Takeaways: Senators face recorded-vote scrutiny tied to the CLARITY Act markup. Stand With Crypto says it represents more than 2.9 million U.S. advocates. Committee action could advance digital asset market structure legislation. Senate Banking Markup Puts CLARITY Act Scorecard in Focus Senate Banking Committee members face new scorecard pressure ahead of the May 14 CLARITY Act markup. Digital asset advocacy group Stand With Crypto (SWC) said on May 11…

Soluna (NASDAQ: SLNH) Holdings has acquired full ownership of another portion of its flagship Texas campus, continuing a broader effort to transform a bitcoin mining complex into an AI and high-performance computing site backed by owned renewable energy. This article first appeared in The Energy Mag. The original article can be viewed here. The Energy Mag (formerly The Miner Mag) provides news, data, and insights on the energy–compute–markets nexus. The company said Tuesday it purchased the remaining 49% equity interest in Project Dorothy 1B from Navitas Global for about $8.8 million, giving Soluna complete ownership of the 25-megawatt facility in…