Author: NBTC

The Trump administration has convened roughly 20 lawmakers, congressional staff members, and law enforcement representatives at the White House as Senate leaders work toward a possible floor vote on the CLARITY Act before the August recess. According to journalist Eleanor Terrett, the meeting took place on Wednesday at the Eisenhower Executive Office Building and was hosted by Trump crypto adviser Patrick Witt alongside the White House Crypto Council. 🚨NEW: Some color on Wednesday’s meeting between law enforcement groups, administration officials and Congressional members and staff on the Clarity Act:📌 The meeting was hosted by @patrickjwitt and the White House Crypto…

Robinhood has announced plans to cut about 290 jobs, or roughly 10% of its full-time workforce, while recording approximately $28 million in related charges as the online brokerage moves to simplify its management structure. According to Robinhood, the layoffs are part of an effort to operate more efficiently by reducing layers of management and creating a leaner organization. The company said it will also close the small number of remaining open positions. In a message to employees shared on X, Robinhood Chief Executive Officer Vlad Tenev said the company was entering the restructuring from a position of strength. Our CEO…

Thai authorities raided 14 sites across five northeastern provinces on June 21. The authorities recovered 315 illegal Bitcoin mining rigs during the operation. The authorities also claimed illegal miners had accumulated over $1.2 million in stolen electricity bills. The authorities raided Ubon Ratchathani, Yasothon, Amnat Charoen, Roi Et, and Maha Sarakham provinces, which make up Thailand’s Isan region. The investigators discovered that the operators had tampered with electricity meters and tapped into the grid illegally to keep the rigs running. In total, the authorities determined that the miners stole over 40.38 million baht, down to 5.38 million baht in penalties…

Bitcoin briefly reclaimed $82,000 on Gate with a 0.81% daily gain, keeping price pinned near the top of its recent range as prediction markets and derivatives data still point to muted volatility. According to Gate market data, the $BTC/$USDT pair has broken above $82,000, trading at roughly $82,010.7 with a 24‑hour gain of 0.81% as of 19:44 on May 11. That move keeps Bitcoin ($BTC) near the upper end of its recent range — Fortune data shows $BTC changing hands around $79,743 on May 8 and $82,320 on May 6 — but without the explosive intraday swings that defined earlier…

Chainlink [$LINK] has traded within a strong downtrend. Since the uptrend collapsed at $8.5, the altcoin has been closing at lower lows, reaching a low of $7.7. As of this writing, Chainlink traded at $7.9, up 1.4% on the daily charts. Despite the extended market weakness, the Chainlink team unlocked its quarterly unlocks, capturing market attention. Chainlink moves $166 million worth of $LINK On the 20th of June, Chainlink’s quarterly unlock occurred, and 21 million $LINK worth $166 million were transferred from non-circulating supply addresses. After the unlock, these addresses deposited 18.375 million $LINK, worth $144.93 million, into Binance, according…

Bill 2,946/2026, introduced by Federal Deputy Jonas Donizette, enshrines the VASP rules adopted by the Central Bank of Brazil in Resolution 519 and other resolutions as law, bringing stability and certainty to the Brazilian cryptocurrency market and its users. Key Takeaways: Donizette filed Bill 2946/2026 to next enforce mandatory registration across Brazil’s crypto market. The bill codifies Resolution 519 of 2025, thereby bringing statutory stability to VASP regulatory standards. After Tuesday’s debut, the Chamber of Deputies will next debate Bill 2946 to alter crypto compliance rules. Bill Aims To Set Central Bank VASP Resolutions As Law Brazil is currently evolving…

Abu Dhabi Airports is preparing to bring crypto payments to Zayed International Airport through a partnership with Al Hail Holding and fintech firm Xare. The initiative will allow travelers to pay with Bitcoin, stablecoins, and other digital assets across airport services. The agreement was signed in October 2025. The project is currently in the pilot stage, with testing and operational planning underway. Regulated Wallet System Under Development The companies are developing a regulated digital wallet for inbound travelers. The wallet is designed to support cashless transactions and connect users to payment services across the airport. The project falls under the…

Mining economics have deteriorated in 2026, the analysts noted, with bitcoin trading below its estimated production cost for five consecutive months. Citing CoinShares’ first-quarter mining report, JPMorgan said roughly 20% of miners are currently estimated to be unprofitable. Financial pressure has prompted miners to sell more bitcoin holdings. Publicly traded mining companies liquidated more than 32,000 $BTC in the first quarter, exceeding their combined sales for all of 2025, according to data cited by the report. As a result, even relatively small price moves are increasingly affecting network activity. When bitcoin falls below production costs, higher-cost operators tend to shut…

Benjamin Cowen, an analyst closely followed in the cryptocurrency world, assessed Bitcoin’s reaching the 200-day moving average level. Cowen, citing Bitcoin’s historical cycles, signaled that the current market rally may not be permanent. Cowen noted that Bitcoin is currently very close to its 200-day moving average, a level that has always acted as a very strong resistance point in past bear markets (2014, 2018, and 2022). According to the analyst, even if the price breaks above this level, it usually presents a “short-lived” upward move. Cowen, comparing Bitcoin’s current price movements to past years, particularly highlighted the situation in 2018.…

Public crypto token sales have raised just $58 million in Q2 2026, according to data published by CryptoRank on June 10, a drop of 85% from the previous quarter. It means that the period is well on the way to becoming the weakest fundraising quarter for ICOs, IDOs, and IEOs in five years. Public Fundraising Is Drying Up Across Crypto CryptoRank’s data showed that Q1 2026 had already looked weak, with about $390 million raised across 105 sales, but things have deteriorated even further in the second quarter. The severity of the situation is even clearer in the month-by-month breakdown:…