Author: NBTC

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…

The Polymarket contract asked a simple question: did Strategy (MSTR) sell any bitcoin by May 31? The company’s filing says it sold 32 $BTC between May 26 and 31. The filing came out June 1. That gap has split bettors into a $79 million fight over whether a sale counts when it happens, or when it’s confirmed. The dispute turns on a single ambiguity: the rules ask whether Strategy sold bitcoin “by 11:59 PM ET” on May 31, but they don’t say whether that means the sale must have occurred by then or been confirmed by then. Strategy executed the…

Aave governance is weighing a protocol-wide risk framework that would apply to every asset on Aave V3, V4, and Aave Horizon, with founder Stani Kulechov saying assets that do not qualify for the new standard will be removed. A companion proposal would shift the Pendle PT risk oracle to protocol-owned infrastructure built on the Chainlink Runtime Environment. Risk service provider LlamaRisk posted both Aave Request for Comments proposals Tuesday on the Aave governance forum. The broader framework, published Tuesday morning, covers four risk layers: Asset Risk, Bridging Risk, Monitoring and Automated Risk Oracle Systems, and Chain Risk. “After passing the…

According to Binance’s Latam North General Manager, Daniel Acosta, stablecoins now account for up to 90% of the $28 billion in annual volumes transacted in the Peruvian crypto market. Acosta stressed that the driving use cases for stablecoins in Peru were cross-border payments and remittances. Key Takeaways: Binance’s Daniel Acosta notes 90% of Peru’s $28B annual crypto volume now involves dollar-pegged stablecoins. Lemon reports Peru hit the top 6 crypto economies in 2025, with stablecoins cutting remittance costs significantly. Next, Acosta predicts institutions will seamlessly adopt crypto, offering a new alternative to legacy banks. Stablecoins Dominate 90% of Peru’s Crypto…

Talks on ethics provisions in the crypto market structure bill, the CLARITY Act, are reportedly “rocky.” According to a former FOX Business reporter, Eleanor Terrett, Democrats have disagreed with Republicans on a previous ethics deal. A Dem source familiar with a bipartisan meeting between Senate lawmakers today described ethics negotiations as ‘rocky,’ citing what they characterized as an ‘about-face’ by GOP members and the White House on an agreement they say had previously been reached. According to the source, the State Attorneys General (AGs) were to be allowed to sue the federal Department of Justice (DoJ) if it fails to…

Binance, one of the world’s largest cryptocurrency exchanges, has announced it will delist certain spot trading pairs from its platform to protect users and maintain the quality of the trading market. According to the exchange’s statement, the decision to remove specific trading pairs was made after regular reviews, taking into account criteria such as low liquidity and insufficient trading volume. Binance will discontinue trading on a total of seven spot trading pairs on June 5, 2026, at 06:00 AM. The pairs to be delisted include AXL/$BTC, CRV/$BTC, EGLD/$BTC, OPN/BNB, POL/ETH, QTUM/USDC, and SKY/$BTC. The exchange management emphasized that the decision…

BitGo has opened access to Aave, Spark and Tesseract for eligible institutional clients through its integration with Narval. The service connects approved decentralized finance protocols to wallets held within BitGo Bank & Trust’s qualified custody environment. The setup allows institutions to use onchain markets without transferring assets to wallets. BitGo said more protocols will join the service after launch. BitGo connects qualified custody to DeFi Narval’s gateway links DeFi applications to BitGo’s custody and wallet systems. It uses delegated wallet connections and an embedded software kit to route approved transactions through signing and approval processes. BitGo now integrates @Narvalgmi’s DeFi…

Ripple CEO Brad Garlinghouse is celebrating his return to the highly anticipated $XRP Las Vegas 2026 conference. The highly influential executive has taken to the X social media network to share a pair of selfies. Even when our backs were against the wall, we refused to fold.Always great to be back for $XRP Las Vegas, and even BETTER to see $XRP up in lights. pic.twitter.com/kBc9rqoklO — Brad Garlinghouse (@bgarlinghouse) May 1, 2026 The photos follow a series of recent statements from Garlinghouse that were meant to reaffirm $XRP’s central role within the Ripple ecosystem. “We refused to fold” Garlinghouse shared…

Delaware and New Jersey have both advanced legislation to ban cryptocurrency ATMs in what is becoming a growing trend across US states, with lawmakers concerned that the kiosks are overwhelmingly used for scams. The Delaware House Economic Committee on Tuesday passed House Bill 441 to the full chamber, which would ban owning, installing, or operating a cryptocurrency kiosk. It followed the New Jersey Senate Commerce Committee’s unanimous vote on Monday to send its bill banning crypto ATMs to the full chamber. At least three other US states — Indiana, Tennessee and Minnesota — have passed total bans on crypto ATMs…