Author: NBTC

Coinbase CEO Brian Armstrong said the CLARITY Act gave banks their must-haves as the Senate released its 309-page bill text. The Senate Banking Committee released the 309-page substitute text of the CLARITY Act on May 12, setting a committee markup for May 14 at 10:30 am. The bill defines which digital assets fall under the SEC and which belong to the CFTC, a question the US crypto industry has been pushing Congress to answer for years. Coinbase CEO Brian Armstrong said in an X livestream on May 12 that the compromise preserved the industry’s core asks. “Not everyone got everything…

Bitcoin’s price action is looking uncertain on the surface, but one crypto analyst believes the real story is playing out far from the charts that most traders are watching. According to crypto analyst Crypto Tice, all of that Bitcoin price noise obscures a single, quietly reliable signal that has accurately traced out every major Bitcoin cycle in history: the Purchasing Managers’ Index. In a post on X, Tice noted that the PMI cycle is the only one that matters, and right now, it is flashing. The PMI Cycle Has Defined Every Bitcoin Bottom The PMI is a monthly economic indicator…

Ethereum ($ETH) is hovering around $2,130, up 1% on Wednesday after facing strong selling pressure over the past week. The leading altcoin dipped from above $2,300 after retail wallet distributions. The selloff also came following soaring inflation and rising US Treasury yields. For Ethereum, the coin could face further selling pressure in the near term amid declining institutional demand. The technical indicators are also bearish at the moment, suggesting further selloff in the near term. Liquidity pressure intensifies amid ETF outflows Ether is up 1% in the last 24 hours as the bulls hold the $2,067 support level. The leading…

According to Polymarket, a forecasting market, investors see a very low probability of the Fed cutting interest rates at its upcoming meetings. In expectations for April, the scenario of “interest rates remaining unchanged” is overwhelmingly favored, while the possibilities of both 25 basis point and 50 basis point or more cuts are priced in as almost negligible. Similarly, expectations of an interest rate increase remain quite limited. In pricing for April, the probability of interest rates remaining unchanged is approximately 99%, while the probabilities of a 25 basis point cut and a cut of more than 50 basis points remain…

The U.S. Commodity Futures Trading Commission [CFTC] has escalated its fight with state regulators over prediction markets, arguing in a new federal appeals court filing that states cannot treat federally regulated event contracts as illegal gambling products. In an amicus brief filed on 12 May in KalshiEx LLC v. Schuler, the agency told the Sixth Circuit Court of Appeals that prediction markets fall under the CFTC’s “exclusive jurisdiction” because they qualify as swaps under the Commodity Exchange Act [CEA]. The filing directly challenges efforts by Ohio and several other states to restrict sports-related event contracts offered by prediction market platform…

Hyperscale Data (GPUS) Increases Bitcoin Holdings to $44 Million Hyperscale Data, Inc. (NYSE American: GPUS) revealed today that it now holds 627.8970 bitcoin, valued at approximately $44 million as of March 22, 2026. In addition to its bitcoin assets, the company maintains $47.5 million in cash and restricted cash, bringing its total financial holdings to $91.5 million. This equates to 147.07% of its market capitalization as of March 23, 2026. This latest report illustrates a steady increase in Hyperscale Data’s bitcoin portfolio; the figure rose from 617 bitcoin reported on March 10, 2026. The ongoing accumulation aligns with the company’s…

Ethereum co-founder Vitalik Buterin on Wednesday outlined near-term steps the network is taking to bring privacy onchain, a feature institutions highlighted at Consensus Hong Kong as necessary for widespread institutional adoption of the blockchain technology. Buterin’s X post was technically dense but pointed to a simple fact: the world’s largest smart contract blockchain is moving to make private transactions a feature of the network, not a workaround provided by third-party tools. The post comes as the Ethereum Foundation, the non-profit organization that supports the blockchain’s network and ecosystem, faces a wave of high-profile departures amid an internal transition tied to…

Allbirds (Nasdaq:BIRD) erased over 50% of its recent peak price, sinking to $7.57. The company has set out to swap its apparel and shoes assets for $50M dedicated to building AI data centers. The former shoe company, now called NewBirdAI, is showing that a simple announcement of an AI pivot may not be enough to support the stock price. After the initial 750% rally, BIRD corrected to a lower range, losing around 50% from its local high. Allbirds crashed from its recent high, trading with short open interest at 18..4% of its free float. | Source: Yahoo Finance BIRD trading…

In the past 30 days the Avalanche blockchain has seen several targeted ecosystem developments. These include new sovereign L1 launches, institutional settlement upgrades, regulated futures trading, research funding, a builder competition, and a scheduled token unlock. The changes focus on performance, real-world finance use, and network economics. What New Project Launched As An Avalanche L1? Kite launched its mainnet on April 28 as a sovereign Avalanche L1. This dedicated blockchain serves as an execution and settlement layer for agent-driven commerce. It supports autonomous AI agents that handle payments and tasks on their own. Kite includes Kite Passport, a feature that…

The US government is arguing with itself over who gets to police the most powerful AI models on the planet. And the outcome could reshape how companies like OpenAI and Anthropic bring products to market. The Trump administration is weighing an executive order that would significantly expand intelligence agencies’ role in evaluating frontier AI systems, a move driven by escalating cybersecurity concerns around advanced models. The catch: key parts of the administration can’t agree on who should actually be in charge. The turf war At the center of the dispute is a straightforward question with complicated answers: should the Commerce…