Author: NBTC

The U.S. crypto industry is still waiting for the CLARITY Act. The legislation was expected to establish clearer rules for digital assets, but continued delays have left exchanges, token issuers, and blockchain companies operating without a consistent regulatory framework. As uncertainty continues, many investors are paying closer attention to projects with transparent roadmaps and clearly defined products. MemeToro ($MT) is one of the presales gaining attention by focusing on platform utility rather than relying only on market hype. The CLARITY Act Delay Continues to Affect Crypto The CLARITY Act was introduced to help answer one of the industry’s biggest questions:…

Revenue was $43mn against the $75mn analysts expected and $115mn a year earlier. Shares fell from Friday’s close of $1.43 to $1.15 in pre-market trading in the hour to 12:00UTC, a drop of 20% and their weakest level in two months. They stood at $1.28 by 14:00UTC, half an hour after the US market opened, down 10% on the day, according to TradingView. The Singapore-based company sells cloud mining, where customers buy a share of computing power BitFuFu operates for them and keep the Bitcoin ($BTC) it produces, rather than buying and running machines themselves. That business was 82% of…

Bitcoin holders could lose real $BTC if they try to sell coins created by a potential BIP-110 chain split without first separating their balances. BIP-110 fork could put real Bitcoin at risk Bitcoin developer Kevin Loaec warned holders against moving coins following a possible BIP-110 chain split, citing the risk of replay attacks. ⚠️IMPORTANT⚠️In the next couple of days, a new shitcoin will fork off Bitcoin. It is a big security risk for people who just believe they will get an “airdrop” and want to sell it, to get more bitcoin.I will write more about it, but here is the…

OpenSea, once one of the most prominent companies in the cryptocurrency industry, has slowly been bleeding users and relevancy over the past four years. The site went from leading the charge during the $NFT (non-fungible token) hype train, seeing over $2.7 billion in volume in a single day in May of 2022, to dwindling to what’s likely to be less than $20 million in turnover for the entire month of August this year. But two years ago, the founder of OpenSea, Alex Atallah, made a pivot to artificial intelligence by starting a company called OpenRouter – and this week it…

Ken Griffin’s Citadel has bought most of Situational Awareness’ AI stock portfolio at a discount, a move that represents another victory for the billionaire villain of the crypto industry. Indeed, despite years of criticism about Griffin’s traditional finance tactics, the crypto industry keeps giving him more assets. From a copy of the US Constitution, payment for order flow, equity in a $40 billion crypto holding company, and a new distressed portfolio of cheap AI stocks, crypto traders are far too willing to further enrich the billionaire CEO. Margin calls gutted former FTX Future Fund member Leopold Aschenbrenner’s AI hedge fund…

U.S.-listed Bitcoin mining firms CleanSpark, BitFuFu, and Canaan all reported lower Bitcoin production in July compared with June, according to data shared by The Block on X. The declines ranged from roughly 5% for CleanSpark to about 28% for Canaan, with BitFuFu seeing a 10% drop. Mining Output Declines Despite Bitcoin Price Recovery The production dips come even as Bitcoin’s price rebounded from around $58,500 at the start of July to roughly $63,000 by month-end. That price recovery, however, did not translate into higher output for these miners, suggesting operational factors rather than market conditions drove the reductions. All three…

On March 6, 2025, President Donald Trump signed an executive order creating the Strategic Bitcoin Reserve, and most of the attention went straight to the grand idea: America had built a digital Fort Knox, the government would stop selling Bitcoin, and Washington could perhaps add more without charging taxpayers. However, the executive order’s operative language was less glamorous but contained several important details that would determine whether the Strategic Reserve succeeded. Every federal agency had 30 days to give Treasury a full accounting of its digital assets, identify the custodial accounts holding them, and review whether eligible Bitcoin could legally…

TokenWorks will let artists launch new $NFT collections directly into Fake World Assets’ randomized pool through a mechanism called FWAir, extending the two-person team’s protocol from trading existing NFTs to issuing new ones. Adam, the TokenWorks co-founder known as Rhynotic on X, announced the design on Sunday evening and said the first launch is expected this week. The mechanism gives FWA a pipeline of new collections to draw collectors back to a protocol whose fee income has fallen more than 98% from its peak since token emissions ended two weeks ago. It also routes artist payment through the protocol’s fee…

Tether posted approximately $1.5 billion in net operating profit during the second quarter of 2026, supported mainly by returns from its US Treasury portfolio and repo operations, according to the company’s BDO attestation released on Friday. In Q2, USDT supply rose to approximately $184.6 billion by the end of June, extending its share of the global stablecoin market to over 60%. The company reported total assets of $187.7 billion and total liabilities of $183.6 billion, resulting in excess reserves of approximately $4.1 billion. Tether said its reserve portfolio remains concentrated in high-quality liquid assets, with US government-backed securities continuing to…

Polygon Labs eliminated a portion of its workforce this week as the firm reshapes itself around a payments-focused business model rather than its earlier identity as a blockchain foundation. CEO Marc Boiron disclosed the restructuring in a post on X, tying the timing to Polygon Labs’ pending purchase of Coinme. Polygon Labs is nearing completion of its acquisition of crypto firm Coinme now, according to Boiron, with plans to fold the acquired team directly into the broader organization once the deal closes. Boiron framed the merger and the accompanying layoffs as part of one connected effort: repositioning Polygon Labs to…