Author: NBTC

WeHub, a blockchain and digital asset firm, along with its largest shareholder Yang Jae-seok, chairman of JM Coffee Group, has agreed to acquire South Korean crypto exchange Flybit, the Busan Digital Asset Exchange ($BDX) announced today. The acquisition price was not disclosed, according to Maeil Business Newspaper. Deal Structure and Ownership Under the terms of the agreement, WeHub will hold a 40% stake in Flybit. Chairman Yang Jae-seok will own 25%, while Flybit CEO Kim Seok-jin will retain a 15% share. The remaining 20% is expected to be held by other investors or management. The deal marks a significant consolidation…

In May 2026, the number of active addresses on the Wrapped Bitcoin (WBTC) network dropped sharply to just 2,134, marking the lowest level seen since the start of the year. This figure, calculated using a seven-day moving average by CryptoQuant’s on-chain analysis, highlights a significant decline in activity on the Ethereum-based version of Bitcoin. DeFi activity slows to a crawl WBTC serves as a popular bridge token bringing Bitcoin liquidity into the Ethereum ecosystem, especially for use in decentralized finance (DeFi) applications. Investors typically transfer WBTC to lend, provide liquidity, or use as collateral within DeFi protocols. However, the exceptionally…

NVIDIA has moved past silver in global asset rankings after its market capitalization climbed to roughly $5.5 trillion. The stock recently traded near $227, pushing the AI chip giant behind only gold among the world’s largest assets. Silver’s market value stood near $5 trillion during the move, while gold remained far ahead at above $32 trillion. The rally has become one of the clearest signs of how aggressively capital is flowing into AI infrastructure. Investors are now assigning multi-trillion-dollar valuations to companies tied directly to chips, cloud systems, AI model training, and enterprise compute demand. At the same time, Alphabet…

Florida just became the first state to take OpenAI and its CEO to court. Attorney General James Uthmeier filed an 83-page civil complaint on June 1, accusing the company of endangering children through deceptive marketing of ChatGPT, a product it allegedly promoted as safe while burying internal warnings about its risks. The lawsuit seeks civil penalties and injunctive relief. It also takes the unusual step of naming Sam Altman personally, attempting to hold the CEO directly liable for harms the state says his product caused. What Florida is actually alleging The core of the complaint is straightforward: OpenAI told the…

South Korean cryptocurrency exchange Coinone has abruptly discontinued its ‘Coin Collecting’ service on the Kakao Bank mobile application, effective yesterday. The service, which launched just one week ago, allowed users to accumulate small amounts of cryptocurrency directly through the banking app’s ‘Invest’ menu. Sudden Termination Raises Questions According to a report by Dailian, an industry insider described the move as highly unusual. ‘It is rare for a financial platform partnership service to be terminated just a week after launch, as they typically undergo extensive internal review,’ the source said. The decision suggests that Coinone may be reacting to the current…

Bitdeer (NASDAQ: BTDR) has started construction on a vertically integrated energy and computing facility in Alberta, advancing a project that reflects how bitcoin miners are increasingly pairing data centers with dedicated power generation as demand from AI workloads reshapes the market for electricity and digital infrastructure. This article first appeared in The Energy Mag. The original article can be viewed here. The Energy Mag (formerly The Miner Mag) provides news, data, and insights on the energy–compute–markets nexus. The company said Tuesday it broke ground near Fox Creek on a site that will combine a 101 megawatt natural gas-fired power plant…

Cerebras Systems priced its IPO at $185 per share on Wednesday evening, targeting a $5.5 billion raise and valuing the AI chipmaker at $40 billion, according to the Financial Times. The company, a maker of chips purpose-built for the workloads powering tools like Claude Code and ChatGPT, was valued at $8.1 billion just eight months ago, the Financial Times said. The rapid increase highlights just how fast investor capital is flowing into artificial intelligence, a trend that has become a significant headwind for digital assets as attention shifts toward AI-related equities. The frenzy has made U.S. equities the undisputed destination…

A live Snapshot vote on Gnosis DAO is asking $GNO holders to authorize an opt-in redemption mechanism that would allow any holder to surrender tokens for their pro-rata share of the DAO treasury, reigniting one of crypto’s longest-running debates over whether token holders or operating companies have the stronger claim on a DAO’s balance sheet. The tally has swung twice in 24 hours: first against the proposal after Gnosis co-founder Stefan George voted against it earlier today, then back in favor after a single large wallet with 67,000 $GNO voted for it. Tally of Votes The proposal currently sits at…

The White House is reviewing a joint proposal from the SEC and CFTC that would fundamentally reshape how private fund advisers report their swaps and security-based swaps activity. The changes center on Form PF, the confidential reporting form that private fund advisers have filed since the Dodd-Frank era, and the revisions would raise reporting thresholds high enough to let nearly half of current filers off the hook entirely. What the proposal actually changes The SEC and CFTC are expected to jointly propose amendments to Form PF around April 20, 2026. The headline number: the reporting threshold for private fund advisers…

South Korea’s crypto exchange landscape is set for a significant shake-up. Korea Investment & Securities and global crypto exchange OKX are finalizing a joint acquisition of a 40% stake in Coinone, one of South Korea’s major digital asset trading platforms. The deal, valued between 500 billion and 600 billion won (approximately $370 million to $444 million), is expected to be formally signed at a ceremony on May 29, according to a report from local media outlet Edaily. Deal Structure and Strategic Rationale Under the terms of the agreement, both Korea Investment & Securities and OKX will each secure a 20%…