Author: NBTC

The SEC has charged Texas resident Nathan Fuller over an alleged $12.3 million AI crypto arbitrage scheme that promised triple digit returns in weeks. U.S. securities regulators have charged Texas resident Nathan Fuller with orchestrating a fraudulent cryptocurrency trading scheme that raised roughly $12.3 million from about 150 investors through entities including Privvy Investments between October 2022 and mid 2024, according to a litigation release from the Securities and Exchange Commission SEC. The SEC alleges Fuller told investors he had built a proprietary artificial intelligence powered high frequency arbitrage “trading robot” that could generate extraordinary, low risk profits on crypto…

Bitcoin’s price retreated again after reaching the 200-day moving average level, with analysts noting that the current outlook indicates a continuation of the bearish trend. According to analysts at the on-chain data platform CryptoQuant, the current price movement exhibits a pattern quite similar to that seen in March 2022. The analysis noted that Bitcoin rose approximately 43% in 2022 before reaching its 200-day moving average, but returned to a downtrend after being rejected from that level. It also stated that in the current cycle, a significant contraction in demand occurred after Bitcoin surpassed the $80,000 level. According to CryptoQuant data,…

Ethereum traded near $1,777.96 on June 4 after falling 5.07% in 24 hours, according to crypto.news price data. The token also lost 10.21% over seven days as the wider crypto market stayed under pressure. The latest move pushed $ETH below the $1,825 area watched by analyst Ali Martinez. It also placed the asset near its weakest zone since April 2025, when $ETH fell toward $1,400 before staging a recovery. Ethereum price loses the $1,825 channel floor Ali Martinez said Ethereum had reached his $1,825 target after pulling back to the bottom of its channel. He called the area a critical…

In the US, inflation rose above expectations in April to 3.8% year-on-year, driven by increasing energy prices stemming from the Iran conflict. Rising fuel prices also increased transportation, food, and manufacturing costs, raising concerns about broader inflationary pressure on the economy. According to the data, the average price of gasoline has risen from $3.14 last year to approximately $4.50. US President Donald Trump, meanwhile, has stated his support for temporarily suspending the federal gasoline tax to ease pressure on drivers. Rising energy costs are said to weaken consumer spending, prompting markets to reprice expectations regarding the Fed’s interest rate policy.…

Within the Uniswap ecosystem, a leading decentralized finance project, a significant debate has arisen regarding governance processes. A proposal to recall tokens previously lent to delegates is being considered within the project’s DAO (Data Entrance Account) structure. The proposal involves the repurchase of a total of 12.5 million UNI tokens. These assets, valued at approximately $42 million, were allocated to the Uniswap Foundation and various delegates in 2022 and 2023 to increase governance participation. The proposer argues that while these tokens initially served their intended purpose of stimulating governance activities, the ecosystem has now become sufficiently active. Therefore, recalling the…

A class action filed in Idaho accuses the now-bankrupt crypto ATM operator of profiting from fraud while leaving vulnerable consumers unprotected. A retired Idaho couple has filed a federal class action lawsuit against Bitcoin Depot Inc., alleging the company’s ATM network served as a pipeline for scammers who drained their entire retirement savings — $76,000 — over five consecutive days in August 2025. Karen and Robert Lacey, named plaintiffs in Lacey et al. v. Bitcoin Depot Inc., et al. (Case No. 1:26-cv-00288-DKG), say fraudsters posing as Norton customer service representatives and FBI agents convinced them their accounts were tied to…

Ethereum price has slid about 10% over the past week as on-chain demand collapsed and liquidations spiked. The chain is clear. Spot ETFs have bled for 17 straight sessions, the most loyal holders pulled back hard, and stretched funding then set off forced selling. Ethereum Spot ETF Outflows Set the Stage The selling started with the institutions. Ethereum spot ETF demand has vanished, with the funds now bleeding for 17 straight sessions. Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here. The last day of net inflows was May 8. Every trading day…

The US Senate confirmed former Federal Reserve official and financier Kevin Warsh for a 14-year term on the Federal Reserve Board of Governors. According to Reuters, the Senate is now expected to expedite the confirmation process for Warsh’s four-year term as Fed Chairman. The vote could be completed by Wednesday, while current Fed Chairman Jerome Powell’s term ends on Friday. It is believed that the debate over the political independence of the US Federal Reserve may intensify with Warsh’s appointment. While President Donald Trump has long pressured the Fed to cut interest rates, the administration’s various actions against Powell are…

Western Union’s new Solana-based stablecoin, USDPT, may do more than speed up money transfers. It could also weaken the old lines between remittances, consumer payments and bank settlement, according to Angus Scott, founder of the Solana Research Institute, a Solana Foundation-backed body. Western Union launched the U.S. dollar-backed stablecoin issued by Anchorage Digital Bank N.A. on Monday. The company said the token will support 24/7 settlement with agents and partners across its global payment network. The launch follows Western Union’s April disclosure that USDPT would initially replace SWIFT-based interbank settlement with its agents. Scott told CoinDesk the launch is another…

JPMorgan Chase CEO Jamie Dimon has said banks will oppose the Clarity Act unless lawmakers change provisions that he says give crypto firms bank-like powers without bank-level safeguards. Fox Business reported that Dimon made the comments on Friday during an interview focused on pending legislation on crypto market structure. The JPMorgan chief said the bill, as written, would allow crypto companies to offer rewards tied to stablecoins or similar products without protections attached to traditional banking. Dimon says banks reject the current crypto bill According to Jamie Dimon, the Clarity Act does not go far enough on legal protections, anti-money…