Author: NBTC

While the top focus of the industry remains the Digital Asset Market Clarity Act that would establish a full U.S. regulatory regime for crypto activity, its second priority has been on crypto taxation, which was the central thrust of a June 9 committee hearing discussing several bills, including the legislation from Carey, an Ohio Republican. Democrats on the committee revealed some concerns about how this bill would be utilized by the industry in practice, and outside critics such as the Revolving Door Project argued that crypto mining firms — including American Bitcoin, in which President Donald Trump’s sons Eric and…

Hyperliquid trader James Wynn has experienced five additional liquidation events over the past 24 hours, marking a significant escalation in his ongoing trading difficulties on the decentralized exchange. The liquidation price for his latest Bitcoin position has dropped to $65,674.74, reflecting the continued pressure on his leveraged trades. Details of the Recent Liquidations According to on-chain data, the five liquidations occurred across multiple positions, with the largest single event valued at approximately $1.2 million. Wynn’s total liquidated volume on Hyperliquid now exceeds $15 million since the start of the month. The repeated liquidations suggest that Wynn has been maintaining highly…

In brief Meme stock traders on Reddit have put their efforts behind fast-food chain Wendy’s. Shares in the firm have bounced over 25% on Wednesday amid a surge of posts seeking to “save” the franchise. Even after the daily spike, WEN shares have fallen 66% in the last five years. Bitcoin is sinking Wednesday, but retail investors have their eye on a different risk asset, helping shares in fast-food chain Wendy’s (WEN) surge nearly 26%. The McDonald’s and Burger King rival sank as low as $6.08 per share in early week trading, but finished Wednesday trading at $7.86, a more…

The Polkadot ecosystem is in the midst of heated discussions surrounding OpenGov Referenda 1909 and 1910, which propose pivotal modifications to its staking framework. These changes are poised to reshape the network’s security mechanisms, enhance staking accessibility for users, and adjust validator incentives. If implemented, these proposals may significantly alter the dynamics of validator and nominator participation in securing the network. Will 10,000 $DOT Self-Stake Strengthen Validator Commitment? Referendum 1909 suggests that validators should maintain a minimum self-stake of 10,000 $DOT, further rewarding those who secure their capital within the system. This initiative aims to amplify validators’ financial accountability and…

Stani Kulechov, founder of the decentralized lending protocol Aave (AAVE), has raised concerns that the United Kingdom’s current stablecoin regulatory framework may inadvertently drive issuers to more favorable jurisdictions. While acknowledging recent progress by the Bank of England (BoE), Kulechov pointed to a lingering requirement that he argues undermines the economic feasibility of operating within the country. Bank of England’s Partial Progress The BoE recently removed a previously proposed limit that would have restricted individuals from holding more than £20,000 in stablecoins. Kulechov praised this move as a positive step toward broader adoption. However, he emphasized that a separate rule…

South Korea has seen cryptocurrency-based overseas remittances climb 380% in the past three years, outpacing growth in traditional bank transfers as financial institutions increase their focus on blockchain-powered payment services. According to a SBS Biz report, remittances processed through South Korea’s five largest won-denominated cryptocurrency exchanges rose from 34.02 trillion won ($26.2 billion) in 2022 to 163.55 trillion won ($125.8 billion) last year. The figures were cited from data provided by the office of Congressman Kim Sang-hoon. The report showed that foreign currency remittances handled by the country’s five major commercial banks reached 1.108 trillion dollars in 2025. Based on…

Arbitrum recently emphasized the importance of operational efficiency for large financial institutions through a tweet that highlighted how a few basis points can translate into millions of dollars in savings. The organization pointed to tokenized money market funds that have successfully reduced operating costs by 17%, a figure that is likely to capture the attention of decision-makers in boardrooms. You can view the tweet here. The Story So Far The broader crypto market is currently presenting mixed signals, with various assets experiencing fluctuating momentum. Amid this backdrop, Arbitrum’s focus on enhancing operational efficiencies could resonate strongly within the financial sector.…

Bitwise crypto fund Head of Research André Dragosch has published archival data confirming that Satoshi Nakamoto intentionally protected his multibillion-dollar fortune from future quantum computers. After studying the historical correspondence of Bitcoin’s creator, Dragosch supported analyst Marco Battistoni’s investigation that the splitting of the capital across 22,000 small wallets was not an accident, but a deliberate defensive strategy. Marco Battistoni’s investigation is based on the famous “Patoshi pattern” — the proven structure of Bitcoin’s early mining activity. According to it, the creator’s personal fortune of 1.1 million coins was never consolidated and remains distributed across more than 22,000 independent addresses,…

Cardano founder Charles Hoskinson has called on the community to rediscover the passion and optimism that once propelled the blockchain project to its greatest achievements. Hoskinson delivered the message during his latest livestream while discussing Cardano’s future. During the broadcast, he said he is working to recapture the spark and magic that fueled Cardano’s early momentum and united the ecosystem behind a shared vision. According to him, the Cardano community needs a cause to rally around once again if it hopes to reclaim past successes and compete for leadership in the blockchain industry. “Cardano Needs to Get Back Its Mojo”…

A coalition of leading U.S. cryptocurrency industry groups is pressing Congress to advance a bill on mining and staking taxation in its original form, arguing that current tax treatment imposes excessive burdens on digital asset participants. The proposed legislation seeks to clarify that rewards from mining and staking activities should be taxed at the point of sale, not when they are created. Background of the Bill The bill, which has been introduced in the House of Representatives, addresses a long-standing point of contention within the crypto sector. Under current Internal Revenue Service (IRS) guidance, many taxpayers are required to report…