Author: NBTC

A Missouri man has pleaded guilty in Hartford federal court to a robbery conspiracy tied to an attempted Bitcoin theft, a Lamborghini Urus carjacking, and the kidnapping of two people in Danbury, Connecticut. Saif Faiq, 22, of St. Louis, pleaded guilty on June 8 to conspiracy to interfere with commerce by robbery. Prosecutors said the case stemmed from an August 2024 plan to steal Bitcoin from a family connected to a separate theft involving hundreds of millions of dollars in BTC. The charge carries a statutory maximum of 20 years in prison, and Faiq is scheduled to be sentenced on…

Bitcoin miners are facing growing financial strain as falling prices and shrinking revenue push several key industry indicators into what analyst Axel Adler Jr. has described as a “stress zone.” But while the pressure is building, the data suggests that the market has not yet reached the collapse-level extremes seen in 2018 or 2022. What the Metrics Are Saying According to Adler, the Puell Multiple 30-day moving average, which compares the current daily revenue of $BTC miners to a 365-day average, fell 11% in ten days, moving from 0.83 at the end of May to 0.74 as of June 10.…

When the CEO of a publicly traded company starts taking meetings with lawmakers about Bitcoin, it’s usually a sign that corporate treasury strategy and national policy are about to collide. That’s exactly what happened when Metaplanet CEO Simon Gerovich met with Japanese lawmaker Junichi Kanda to discuss Japan’s Bitcoin strategy. The meeting signals a deepening relationship between Japan’s most aggressive corporate Bitcoin buyer and the government officials who will ultimately shape the rules of the game. For a company that has openly styled itself as “Japan’s MicroStrategy,” getting a seat at the policy table isn’t just nice to have. What…

Printr, the Bybit-backed omnichain token launchpad, has announced that it has returned all funds raised in its $PRINT community sale, an amount approaching $2.5 million. The announcement, which was made today, April 30, on X, follows a wave of damaging fear, uncertainty and doubt (FUD) that forced its founder to step down from his role as CEO on health grounds. The company said refunds would be returned to the original wallets of participants within 24 hours, with no action required from contributors. According to Printr, more details of the refund process will be shared within seven days. Printr said it…

Solana Institute CEO Kristin Smith has urged the U.S. Senate to preserve developer protections in the CLARITY Act as more than 200 crypto firms and organizations push for the bill to advance before August. Commenting on the legislation’s progress, Smith said in a June 9 thread on X that the bill has a realistic chance of advancing through the Senate, making it important for lawmakers to preserve protections for open-source developers and blockchain infrastructure providers. 1/ The Clarity Act has a real shot at passing the Senate. Getting it right means protecting the developers who build public blockchains. Getting it…

President Donald Trump announced that Russia and Ukraine have agreed to a three-day ceasefire, set to run from May 9 through May 11. The pause in fighting coincides with Russia’s annual Victory Day celebrations, which commemorate the Soviet Union’s role in defeating Nazi Germany in World War Two. The agreement calls for a complete suspension of military activities between the two nations. It also includes a prisoner exchange, with 1,000 captives being returned by each side. What the ceasefire actually involves Both Ukrainian President Volodymyr Zelenskyy and Russian President Vladimir Putin confirmed the deal. Zelenskyy responded to the announcement with…

Cryptocurrency mining rig manufacturer Canaan has reported its highest-ever combined holdings of Bitcoin and Ethereum, driven by a productive May for its mining operations. According to a press release distributed via PR Newswire, the company added 90 Bitcoin through its own mining activities and received an additional 24 Bitcoin from customer payments. This brings Canaan’s total corporate treasury to approximately 1,867 Bitcoin and 3,952 Ethereum. May Mining Output and Revenue Streams The increase in holdings reflects both Canaan’s operational efficiency and its strategic decision to retain mined digital assets rather than liquidating them immediately. The 90 Bitcoin mined in May…

Bitcoin ($BTC), the leading cryptocurrency, briefly rose above $82,000 in recent weeks but failed to maintain that level. Renewed tensions between the US and Iran, along with rising inflation concerns in the US, have caused Bitcoin to fall below $77,000. As Bitcoin continues to be affected by macroeconomic developments, Binance Research has published its latest detailed report on Bitcoin. According to Binance Research, four on-chain indicators suggest that selling pressure on Bitcoin is weakening. The Binance Research team analyzed four on-chain indicators that suggest selling pressure on Bitcoin is weakening. The company pointed to several factors: “1) Over 60% of…

BlackRock plans to launch two tokenized money market funds for stablecoin issuers as CEO Larry Fink doubles down on tokenization. The first proposed fund, called the BlackRock Daily Reinvestment Stablecoin Reserve Vehicle is a Treasury-backed money market fund built for blockchain-based ownership and transfers. It will invest in ultra-short-term US government securities and repo agreements while issuing onchain shares held through approved crypto wallets. Designed for the stablecoin ecosystem, BlackRock intends the vehicle to qualify as an eligible reserve asset under the GENIUS Act, the US law establishing a framework for payment stablecoins. Stablecoin issuers and crypto-native institutions could then…

In brief MegaETH launched its $MEGA token Thursday, with a $1.56 billion fully diluted valuation at present. The project uses a performance-based unlock model, releasing more tokens only as network metrics improve. Of the 10 billion total token supply, only a fraction is now live, with most reserved for rewards. MegaETH, an Ethereum layer-2 scaling network promising speedy and cheap transactions for consumer-facing, on-chain projects, launched its native token Thursday after months of anticipation. At writing, $MEGA is trading for $0.156, giving the token a market capitalization of $176 million, and a fully-diluted valuation of $1.56 billion. The token has…