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Author: NBTC

NBTC is the editorial account for NBTC News, covering Bitcoin, Ethereum, DeFi, blockchain infrastructure, exchanges, mining, regulation and digital asset markets. The editorial team focuses on clear sourcing, timely updates and practical context for crypto readers.

GameStop Short Sellers Lose Nearly $1 Billion as GME Surges on Roaring Kitty’s Trades

The online return of Keith Gill, also known as Roaring Kitty, is moving markets once again. The meme stock influencer, who rallied traders to bet big against Wall Street through GameStop in 2021, posted several positions in the video game retailer on Reddit this weekend. Pushing over $200 million in value, the purported exposure comprises shares and stock options. The news kicked retail traders into an apparent frenzy. GameStop shares rose more than 70% during pre-market trading to $39.69 on Monday—nearly doubling the stock’s $23.14 close on Friday. The break-neck increase, according to Unusual Whales, was set to cause $993…

Regulation

Expert Identifies Real Reason Ripple Seeks to Launch a Stablecoin in the US

Legal expert and pro-XRP lawyer Fred Rispoli recently attempted to explain why Ripple is planning to launch a dollar-backed stablecoin in the U.S. later this year. In an X thread today, Attorney Rispoli stated that the major reason why Ripple is planning to roll out a stablecoin is to allow United States-based customers to utilize its ODL solution (now Ripple Payments) for cross-border payments. Rispoli’s remark suggests that instead of XRP, U.S.-based customers can opt for Ripple’s upcoming stablecoin while conducting transactions via ODL. Ripple is in Best Position to Win Remedies Stage of SEC Lawsuit The expert made the…

Altcoins

Roaring Kitty In Hot Water With Regulators Amid GameStop Revival: Reports

A securities regulator for the U.S. state of Massachusetts is reportedly probing Keith Gill, the meme stock influencer better known online as Roaring Kitty or DeepFuckingValue. Synonymous with the retail-led short squeeze that sent shares of GameStop soaring in 2021, Gill’s online return has reignited interest in the video game retailer. After posting to Twitter for the first time in years, the meme stock influencer has recently shifted his activity over to Reddit. The existence of an investigation in Massachusetts was confirmed by Reuters after it was first reported by the Wall Street Journal. The latter publication on Monday also…

Legal

API3 Revolutionizes Optimism’s Superchain with Developer-Centric Oracle Solutions

API3, a pioneer in blockchain oracle solutions, is setting the stage for significant advancements within the Optimism Superchain ecosystem. API3 is crucial in scaling a cryptographically secure on-chain economy that maximizes value for all participants by enhancing data integration and scalability with its innovative Oracle Stack. Optimism expanded Ethereum’s scalability in the past year by introducing the Superchain thesis. This new framework facilitates growth and adoption by enabling teams to build on the OP Stack and contribute to the OP Collective, which aims to pool revenue to fund public goods and move global adoption forward. Within the Superchain ecosystem, oracles…

Blockchain

All 21 Million Bitcoin Already Exist Waiting To Be Unlocked By Auction

Most people who understand bitcoin know that there are two kinds of bitcoin. One is bitcoin, the asset which has a fixed supply and is quite volatile, and the second kind of Bitcoin, the network and protocol that maintains an immutable ledger that has never been hacked and is bullet proof, bomb proof and tank proof. It is my opinion that too much focus is placed on the asset and not nearly enough on the network, protocol and immutable ledger. While listening to a recent podcast Peter McCormack had with Dhruv Bansal they discussed the network and protocol in a…

Bitcoin

Switchboard hauls in $7.5M despite sleepy venture week

Howdy! It’s summertime in Brooklyn, which means stooping season is in full swing. I might go wander around Park Slope later to see if I can find one of those chairs shaped like a hand sitting out on the sidewalk. But as for today’s Solana stuff: Switchboard hauls in $7.5M despite sleepy venture week June is here, and the markets appear to be taking a summertime nap. Solana’s often-bumpy price chart has sat mostly between $160 and $170 for 10-plus days now, and the venture market has similarly zenned out. Of the venture deals announced in recent days, perhaps the…

Regulation

Layer 3 Omni-Trading Blockchain for Cross-Chain Liquidity

The DODO team is excited to announce the launch of DODOchain, an Omni-Trading Layer 3 that is powered by EigenLayer, AltLayer, and Arbitrum Orbit. As the first Layer3 solution, DODOchain bridges Bitcoin and Ethereum’s Layer2 effortlessly and focuses on bringing liquidity from several chains together in one place. Trade tokens on the DODOchain, the rollup-level liquidity layer, to boost profits via restaking. The Reason Behind DODOchain’s Creation With its innovative Proactive Market Maker (PMM) algorithm, which brought a focused liquidity solution around the oracle price, DODO was launched in August 2020. As a result, customers were given better exchange rates…

Altcoins

Upcoming House budget bill could restrict SEC’s funding for SAB 121

The House Appropriations Subcommittee on Financial Services and General Government, scheduled for 8:30 AM ET today, could prohibit the US Securities and Exchange Commission (SEC) from using allocated funds to implement SAB 121 and its climate disclosure rule, according to FOX Business journalist Eleanor Terrett. A policy rider that specifically prevents the SEC from using allocated funds to implement SAB 121 – Source: Eleanor Terrett Terrett said the bill proposes to allocate only $2 billion for the SEC’s overall funding for fiscal year 2025, short of the $2.59 billion budget proposed by SEC Chair Gary Gensler in March. Additionally, funding…

Legal

Polkadot Blockchain Academy Fifth Cohort Kicks Off: Details

As a pioneering institution in blockchain and Web3 education, PBA aims to nurture developer talent, grow a global community and advance the Polkadot (DOT) ecosystem of dApps of various types. Polkadot Blockchain Academy (PBA) onboards fifth cohort of students According to the official statement by the Polkadot (DOT) team, its blockchain education unit, Polkadot Blockchain Academy (PBA), launched the fifth cohort of its learning courses. The main program of this cohort landed in Singapore, Asia's major crypto hub. Wrapping up the second week at the Polkadot Blockchain Academy in Singapore! 🌏 This week, our students dove deep into the modules…

Blockchain

$85,000 BTC? – Bitcoin Breaks Out, Nearing New All-Time Highs As Analysts Weigh Possible Next Leg Up

Crypto short sellers are getting liquidated as Bitcoin (BTC) breaks out past the $70,000 mark once again while altcoins also rally. According to liquidation data from CoinGlass, the crypto markets have seen more than $187 million in liquidations in the last 24 hours – the majority of which are short sellers. In the last day, Bitcoin liquidations alone have accounted for $78.24 million. Bitcoin shot up to as high as $72,631 Monday from its seven-day low of $65,069. BTC is trading for $71,762 at time of writing, up more than 3% in the last 24 hours. Over the same period,…

Bitcoin