Author: NBTC

Anchorage Digital, the crypto custody and banking firm, has continued its accumulation of $HYPE tokens, purchasing an additional 397,000 tokens worth approximately $18 million from the exchanges Bybit and OKX, according to on-chain analysis platform Onchain Lens. The transactions were detected roughly six hours ago from an address linked to the institution. Institutional Accumulation Over the Past Month The same wallet address has now accumulated a total of 2.13 million $HYPE tokens over the past month, valued at approximately $91.99 million at current market prices. This pattern of steady buying suggests a deliberate strategy rather than a one-time market move.…

Kalshi has backed a new lobbying group for prediction markets called Americans for Fair Markets, which has tapped former deputy White House chief of staff Taylor Budowich as its strategic advisor. Kalshi said on Friday that the organization is positioning itself against sportsbooks and casinos, which it claims are “focused on protecting their monopolies and seeding lies about prediction markets to policymakers.” Americans for Fair Markets, which Kalshi said was launched with its support, would join a broader lobbying push that includes the Coalition for Prediction Markets, an advocacy group for prediction markets launched in December 2025, backed by Coinbase,…

Decentralized exchange (DEX) Hyperliquid launched canonical prediction markets for offchain events, as the platform starts expanding beyond perpetual futures. Validators run automated newsfeed software that publishes the markets and votes on deployment and settlement, Hyperliquid said in a Monday Telegram post. The markets are built on Hyperliquid’s HIP-4 and use Circle’s $USDC ($USDC) as the quote asset. Hyperliquid said the first markets will open based on the May Consumer Price Index (CPI) year-over-year change and the June federal funds rate decision. The launch puts prediction markets inside Hyperliquid’s existing trading stack, allowing users to trade event outcomes alongside spot and…

Texas is no longer just talking about a state Bitcoin reserve. It’s building the infrastructure to actually manage one. Acting Texas Comptroller Kelly Hancock announced on May 28 the formation of the Texas Strategic Bitcoin Reserve Advisory Committee, a five-member panel created under Senate Bill 21. The committee’s job: advise the state on how to value, secure, and manage Bitcoin as a public asset. Who’s on the committee The panel draws from mining, finance, and academia. Gary A. Vecchiarelli, President and CFO of CleanSpark, landed one of the five seats. CleanSpark is one of the largest publicly traded Bitcoin miners…

Meta just wrote a $13 million check to keep its content moderation watchdog alive through 2028. The Oversight Board, which independently reviews the company’s trickiest content decisions across Facebook, Instagram, and Threads, announced the new funding on May 28. This isn’t just a routine budget top-up. The money reverses what had been a planned budget reduction for 2027 and 2028, a trajectory that had sparked real questions about whether Meta was quietly letting its most visible accountability mechanism wither on the vine. What the funding actually means The $13 million will flow into the Oversight Board’s irrevocable trust, a legal…

Bitcoin is sitting near a key support test as analysts split between deeper accumulation zones and a possible bearish flag breakdown. A hold above $72,000 could keep $BTC inside the range, while a clean break lower could bring the $60,000, $45,000, and $35,000 zones back into focus. Bitcoin Chart Marks $60K, $45K and $35K Accumulation Zones Before Long Term Targets Bitcoin is trading near a key pullback area as analyst Crypto Patel says he is watching three accumulation zones before any larger move toward long term targets. The weekly chart shared on X marks $60,000, $45,000, and $35,000 as the…

Crypto security concerns have intensified after OpenZeppelin co-founder Manuel Aráoz said he has advised friends and family to exit all decentralized finance positions, including exposure to major lending protocols. In a post published Tuesday on X, Aráoz said he no longer considers “all of DeFi” safe, arguing that the balance between attackers and defenders has tilted too far in favor of hackers. Even lower-risk positions tied to established protocols such as Aave, MakerDAO, and Compound were included in his warning. PSA: I now consider *all* of DeFi unsafe.Coding agents are superhuman at finding vulnerabilities, and smart contract security is too…

It has emerged that some prepaid funeral service companies operating in South Korea used customer funds in cryptocurrency-related investments and suffered significant losses. According to investigations reported in local media, 32 of the 75 prepaid funeral companies in the country have total assets that fall short of the amount of prepayments they have collected from clients. These companies account for approximately 42.7% of the sector. The company “Parents’ Love (부모사랑),” which ranks seventh in the sector, reportedly made a large investment in Bitmine ETF, an Ethereum-themed investment product, using leverage. The company allegedly directed approximately 59.5 billion won into the…

CiDi Games has reached the number three position on the Pi Browser ecosystem rankings just four days after its beta launch, with over 2 million Pi already staked by users on the platform. The rapid climb has sparked fresh discussion about gaming emerging as one of the most significant utility drivers for the Pi ecosystem, as more projects begin building Pi-based in-game economies and reward systems. Gaming Push Gains Momentum Pi community member drealFx highlighted the project’s rapid growth, calling it a sign of “real attention, real activity, and real belief” from the Pi community. Meanwhile, CiDi Games described itself…

Hong Kong’s Financial Secretary, Paul Chan Mo-po, has stated that the city is ahead of Europe in the development and regulation of digital assets, following a five-day visit to the continent. In an official blog post, Chan detailed his discussions with political, business, and financial leaders in France, Belgium, and Switzerland, where he shared Hong Kong’s principles and practices regarding crypto oversight. Hong Kong’s Regulatory Stance on Digital Assets Chan emphasized that Hong Kong’s proactive approach to digital asset regulation has positioned it as a leader in the field. The city has implemented a licensing regime for virtual asset service…