Author: NBTC

Cryptocurrency analytics company CryptoQuant stated that the recent selling pressure on Bitcoin is largely due to short-term investors who have suffered losses. The company’s latest analysis states that the price drop between May 16th and May 18th provided important signals about market psychology. According to data shared by CryptoQuant, the “Bitcoin Short-Term Investors’ Total Profit and Loss (Exchange Data, Last 24 Hours)” metric measures whether short-term investors’ $BTC sent to exchanges are in profit or loss. This indicator allows tracking whether market sell-offs are due to profit taking or panic-driven sell-offs. According to the analysis, the most striking factor in…

The world’s two largest economies are heading into another high-stakes summit, and investors are scanning the horizon for anything resembling good news. President Donald Trump and Chinese President Xi Jinping are set to meet in Beijing, with markets hoping the talks produce concrete steps toward de-escalation after months of escalating tariffs, semiconductor sanctions, and geopolitical friction. The stakes on the table The US entity list now bans over 1,000 Chinese companies from accessing advanced chips and equipment, a restriction regime that has been building since 2016. Semiconductor export controls remain the sharpest edge of American technology policy, and Beijing views…

In brief Shuttle Pharmaceutical Holdings agreed to acquire United Dogecoin in a merger backed by $11 million PIPE financing. The combined company plans to deploy 3,000 ElphaPex mining rigs within 60 days of deal closing. Operation aims to capture 1.5% of global Dogecoin mining capacity at 43,200 GH/s hash rate. Nasdaq-listed Shuttle Pharmaceutical Holdings agreed to acquire United Dogecoin Inc. in a merger backed by $11 million in concurrent PIPE financing, creating a publicly traded miner for the leading meme coin. And the coin continued to rise Friday, outpacing the weekly gains of Bitcoin and other major cryptocurrencies. The transaction…

Coinbase has urged U.S. lawmakers to remove capital gains tax requirements on stablecoin payments and exempt small crypto transactions from burdensome reporting rules. According to testimony delivered by Coinbase vice president of tax Lawrence Zlatkin before the House Ways and Means Committee on June 9, the current tax framework forces Americans to calculate gains and losses on routine stablecoin payments and blockchain transaction fees, creating compliance burdens with little practical benefit. Zlatkin appeared during a hearing focused on six digital asset tax bills that would update how the U.S. tax code treats cryptocurrencies, including proposals covering mining rewards, staking income,…

Anchorage Digital, home to the only federally chartered crypto bank in the United States, has launched Coordinated Multiparty Settlement (CMS) powered by Atlas, a new infrastructure layer designed to bring institutional digital asset trading in line with the market structure that governs traditional finance (TradFi). Key Takeaways: Anchorage Digital’s Atlas CMS separates custody, execution, and credit for the first time in crypto, reducing counterparty risk for institutional traders. Spotex, processing billions in daily FX volume, joins as a launch partner to offer crypto trading through Anchorage Digital’s federally regulated infrastructure. The Atlas network targets expansion beyond spot crypto into tokenized…

The number of Bitcoin ($BTC) wallets holding at least 100 $BTC (roughly $7.7 million at press time) has risen to 20,229. This represents an 11.2% increase over the past year, from 18,191. On-chain data show that wallets of this size typically belong to whales, institutions, major investors, and highly capitalized long-term holders. The holdings indicate strong long-term conviction, given that Bitcoin has dumped by 27.2% in price over the same period ($105,574 to $77,000). More recently, Bitcoin experienced a major pullback, dropping from over $82,000 a week ago to $77,000. Geopolitical tensions between the US and Iran have contributed to…

AstroX Finance, a Web3 platform, today entered into a strategic partnership with Okratech, a DeFi network, an innovative integration that it leverages to expand its blockchain support and enhance the investment experience of its users. This collaboration, announced via X social media, merged AstroX’s Web3 entertainment infrastructure with Okratech’s DeFi offerings, making it easier for AstroX users to interact with decentralized financial applications. AstroX Finance is a multi-chain, livestream-powered Web3 platform that allows creators to launch tokens live on-stream, integrated with AI, gamified engagement, real-time trading, cross-chain deployment, and a global creator monetization system. This platform, which is built for…

Executives from MoonPay, Ripple, and Paxos said at Consensus Miami 2026 that stablecoin regulation has accelerated institutional adoption but that major infrastructure and privacy gaps still block mainstream use. Top executives at three of the most active stablecoin companies told the Consensus Miami 2026 audience on May 8 that new US regulation has fundamentally changed the competitive landscape for dollar-pegged tokens, bringing traditional financial institutions into a market that was previously difficult for them to enter. The shift, however, has exposed a new set of problems the industry has yet to solve. Richard Harrison, MoonPay’s vice president of banking and…

An onchain trader has opened a $1.96 million leveraged long on 11.96 million $MEGA tokens and is already sitting on $402,000 in unrealized losses, a harsh reminder that altcoin risks do not disappear even when leverage is minimal. Key Takeaways: Trader 0xcc15 opened a $1.96 million leveraged long on 11.96M $MEGA tokens and is already down $402K as of May 1. The trade highlights the volatility risk of new altcoins like $MEGA even at minimal 1x leverage. $MEGA launched on the Base network in April 2026 and has seen sharp price swings since its debut. More Context on the $MEGA…

The US Commodity Futures Trading Commission (CFTC) has proposed new rules for prediction markets, signaling that sports event contracts are generally not contrary to the public interest even though federal law classifies them as “gaming.” Released on Wednesday, the proposal distinguishes sports event contracts from games of pure chance, saying markets based on final scores and win-loss records can aid price discovery. Contracts tied to player injuries, officiating decisions or other outcomes that could encourage manipulation, however, are unlikely to meet the public interest test. The proposal also clarifies that election contracts are not considered “gaming” under the relevant federal…