Author: NBTC

Backpack Exchange, a Solana-based cryptocurrency trading platform, launched on Monday its native token, BP, detailing a token generation event (TGE) that includes a mix of user distribution, lockups and a mechanism tied to company equity. At launch, 25% of the token’s 1 billion total supply—around 250 million BP—will be distributed, primarily through an airdrop to existing users. Most of that allocation is set aside for participants in Backpack’s points program, with a smaller portion reserved for holders of its “Mad Lads NFT collection.” The company said no tokens have been allocated to founders, team members or investors at inception, a…

Pennsylvania just drew a line in the sand for AI companies playing doctor. The state’s Department of State filed a lawsuit on May 5 against Character Technologies Inc., the company behind Character.AI, alleging its chatbots impersonated licensed medical professionals and handed out mental health advice without any credentials to back it up. The case represents the first time a US state has enforced medical practice laws against an AI entity. Pennsylvania is treating a chatbot pretending to be a psychiatrist the same way it would treat a human doing the same thing, which is to say, as a violation of…

Crypto-related stocks rallied Monday, led by Circle (CRCL) and Coinbase (COIN), as progress on U.S. digital asset legislation and bitcoin breaking above $80,000 lifted sentiment across the sector. Circle, issuer of the USDC stablecoin, surged 18%, extending recent gains, while U.S.-focused crypto exchange Coinbase rose about 7%. BitGo (BTGO), a digital asset infrastructure firm offering custody and stablecoin services, climbed roughly 10%. Strategy (MSTR), the largest corporate bitcoin holder, crypto-friendly digital broker Robinhood (HOOD) and Ethereum (ETH) treasury firm Bitmine (BMNR) were also up 3%-4%, underscoring the broad-market advance. The move came as bitcoin pushed above $80,000 during the session,…

Aster DEX has launched its Stage 6 strategic buyback program to help stabilize the $ASTER token amid ongoing market ups and downs. The program executes token repurchases from a dedicated strategic wallet. 🚨JUST IN: $ASTER DEX ACTIVATES STAGE 6 BUYBACK RESERVE FOR $ASTERAster DEX (@Aster_DEX) has launched its Stage 6 strategic buyback program.The move aims to support $ASTER amid current market conditions. Repurchases are being executed from a designated strategic wallet.The… pic.twitter.com/gPaJcR5vV8 — BSCN (@BSCNews) March 23, 2026 Moreover, all transactions are fully on-chain and publicly visible, demonstrating Aster’s commitment to transparency. This approach allows the community to track the…

The Senate Banking Committee has scheduled a markup of the Digital Asset Market Clarity Act for May 14, setting up the most consequential week for crypto regulation on Capitol Hill in months. The bill, commonly known as the CLARITY Act, would draw firm jurisdictional lines between the SEC and CFTC over digital assets. Getting here required clearing a sticking point that had stalled negotiations for weeks: whether stablecoins should be allowed to offer yield to holders. Senators Thom Tillis and Angela Alsobrooks hammered out a compromise on the issue, removing what had been the single biggest policy obstacle to bringing…

Federal Reserve Chair Jerome Powell is scheduled to speak at Harvard University this morning in what is officially a moderated discussion with an undergraduate economics class. Markets are not treating it that way. The discussion begins at 10:30 AM Eastern and can be watched live on the Federal Reserve’s official YouTube channel. There are no prepared remarks, but with Brent crude at $114, the US-Israel-Iran war entering its fifth week since the February 28 strikes, and Bitcoin down 46% from its all-time high, traders will be parsing every answer Powell gives for signals on where interest rates go next. The…

The alleged OpenAI information leaker Leopold Aschenbrenner has become an investing rising star since departing the company in 2024, as his Situational Awareness LP hedge fund has, in 2026, become a top-performer for its shareholders. Specifically, the investment vehicle saw a substantial 61% increase in asset value in just two months, according to the data shared by Autopilot – a trading bot platform responsible for numerous popular automatic and copy-trading strategies – on X on May 1. Update: Leopold is closing in on the big oneOne week ago: $5,000,000Today: $9,000,000The Leopold Aschenbrenner tracker in less than two months is already…

Pi Network gains traction across major exchanges, but Binance listing delay keeps investors questioning its future growth and mainstream adoption potential. Despite strong community support and 86% Binance poll backing, Pi price remains weak near $0.19, showing consolidation rather than a breakout trend. Pi community remains divided as some see Binance listing as a catalyst, while others believe long-term value depends on ecosystem growth, not exchanges. The Pi Network rumour mill never really stops. But this week it is spinning faster than usual, and there is an actual reason for it. A token called SIREN just blew past a $1.2…

Andrew Bailey, the governor of the Bank of England, is sounding the alarm about a scenario that should make any financial regulator lose sleep: a crisis-driven stampede of US stablecoin capital pouring into the UK with no clear redemption backstop. Bailey, who also chairs the Financial Stability Board, warned that US-issued stablecoins with inadequate redemption mechanisms could flood into jurisdictions like the UK during periods of financial stress. The concern isn’t theoretical. It’s the kind of cross-border contagion risk that central bankers spend their careers trying to prevent. The redemption problem Bailey’s specific worry is about what happens when global…

Bitcoin’s Price Is Being Set Further Away From Bitcoin Holders Bitcoin spent the end of March in a range that looked calm on the surface and unusually crowded underneath. By Monday, Bitcoin’s price was trading around $67,000 after a week that had already pulled in one of the year’s largest derivatives events and another round of institutional withdrawals from spot exchange-traded funds. That combination deserves more attention than it has received. Conventional analysis would split the move into separate buckets. Options expiry belongs in one box, ETF flows in another, price in a third. However, the reality is that Bitcoin’s…