Author: NBTC

Miami Beach, FL — Brad Garlinghouse, Ripple’s CEO, has been closely following the U.S. Senate’s progress on the crypto market structure bill, and he said it’s not a “done deal” as the next two weeks may be pivotal for the legislation’s chances. “If it doesn’t happen then, I think the likelihood is going to drop precipitously,” Garlinghouse said Tuesday at Consensus 2026 in Miami. But he said he still thinks it’s likely to happen, and the next moment will be the scheduling of the Senate Banking Committee’s long-awaited hearing to “mark up” the bill and advance it to the next…

Hut 8 (HUT) shares surged nearly 30% Wednesday as the company announced a 15-year, $9.8 billion lease tied to a large-scale AI data center project in Texas. Hut 8 also said the lease structure includes options that could increase total contract value to about $25.1 billion if all renewal terms are exercised. The Beacoin Point campus was originally intended for bitcoin mining but was repositioned for AI infrastructure as demand for high-performance computing capacity accelerated, Hut 8 said. The company’s pivot comes at a time when publicly listed bitcoin miners face increasingly challenging economics as they face losses of approximately…

Base, the Coinbase-incubated Ethereum Layer 2 network, is upgrading its core architecture from optimistic rollups to a zero-knowledge-based system in a major shift in its security design. The network, which currently holds around $12 billion in total capital, will adopt a trusted execution environment (TEE) combined with zero-knowledge proofs to secure chain finality. Base Makes ZK Leap With this move, Base becomes the largest single Ethereum operator to implement ZK proofs for finality to date, according to the official press release shared with CryptoPotato. After its deployment on mainnet, the majority of the Ethereum Layer 2 ecosystem, in terms of…

In brief Caltech researchers say quantum computers may require just 10,000–20,000 qubits to crack modern cryptography. The work outlines a new error-correction approach for neutral-atom quantum computers. The advance could accelerate timelines for machines capable of running Shor’s algorithm, which threatens widely used cryptography. Quantum computers capable of breaking modern cryptography may require far fewer qubits than previously believed, according to new research from the California Institute of Technology. In the study published Monday, Caltech worked with Pasadena-based Oratomic, a quantum computing startup founded by Caltech researchers, to develop a new neutral-atom system in which individual atoms are trapped and…

Ethereum price is eyeing a breakout from the $2,400 resistance, which has capped the token’s gains over the past week. According to data from crypto.news, Ethereum ($ETH) price rebounded 3.5% to $2,393 on May 4 before facing rejection at $2,400 and stabilizing around $2,370 at press time. While Ethereum has briefly broken above the $2,400 mark on two occasions over the past month, the altcoin lost momentum and quickly retraced below the level. However, at press time, several technical and fundamental factors suggest that the token could finally escape from the narrow trading range. Notably, on the daily chart, Ethereum…

In brief Sandisk shares have surged 3,314% in the past year, from $32.11 to over $1,096, powered by a global NAND flash shortage and accelerating AI infrastructure spending. Per Sandisk’s earnings release, Q3 FY2026 revenue hit $5.95 billion—up 251% year over year—with gross margins expanding from 22.5% to 78.4% in a single year. NAND flash prices rose 60% in Q1 2026 and are projected to jump another 70–75% in Q2, with supply expected to remain tight through 2028. You know a stock is having a moment when it starts outperforming Bitcoin on a year-over-year basis. Sandisk, which trades publicly as…

Congressman Steven Horsford told CoinDesk’s Consensus Miami conference Tuesday that his bipartisan PARITY Act is an incremental path forward in a Congress where Senate market-structure negotiations have stalled. “PARITY is designed to set a durable floor, not to be the last word,” he said, noting that existing problems need to be resolved “clearly within the tax code’s jurisdiction in order to have the protection for the consumer, small businesses, and those who are owners of these assets to define whether it gets treated as income or capital gains.” The Nevada Democrat co-authored the PARITY Act discussion draft with Republican Representative…

Russia is on its way to losing its spot as the world’s second-largest Bitcoin mining destination, after the United States, to China, which currently occupies third position. Cheaper cryptocurrency, a stronger ruble and constantly growing energy costs are the main factors, industry watchers say, as many Russian miners are now looking to relocate. Russia still holding hashrate share but China is catching up The Russian Federation is still second in terms of share of the Bitcoin hashrate, but it’s expected to drop in the rankings this year, according to experts in the field. Its lead ahead of the People’s Republic…

R3E Network has released NeoNexus, an open-source web-based platform that allows operators to deploy, monitor, and manage Neo N3 nodes through a browser interface. The tool supports both neo-cli (v3.6.0–v3.9.2) and neo-go (v0.104.0+) nodes, and is aimed at significantly lowering the barrier to running Neo infrastructure. The release is the latest in a rapid string of infrastructure tools from Jimmy Liao, Neo core developer and R3E Network founder, whose output across the ecosystem has included a TEE-powered oracle system, a Solidity compiler, a Rust implementation, and a JavaScript decompiler SDK, all shipped within the past three months. Web UI for…

Bitcoin at $67,500 is being sold as a buying opportunity. The on-chain data says it’s not one yet — but it’s getting closer to becoming one. CryptoQuant data shows bitcoin’s realized price, the average cost basis of all coins on the network weighted by their last transaction, sitting at $54,286. Spot trades at $68,774 on the same chart. That puts the gap at roughly $14,500, or about 21% above realized. In the 2022 bear market, the signal that marked the actual bottom was spot falling below realized price. Bitcoin traded under its aggregate cost basis from June through October 2022,…