Author: NBTC

A cryptocurrency prediction markets trader has generated millions in profits through aggressive sports betting activity on Polymarket. One of the standout trades saw the investor, identified as “0x949,” make nearly $1 million from a single football wager after correctly betting on Manchester City to defeat Chelsea in the FA Cup final played on May 16, according to insights from Arkham Intelligence. The trader purchased roughly $1.10 million worth of “Yes” shares backing Manchester City at an average price of 53.3 cents. After the match settled in Manchester City’s favor, the position was sold for about $2.06 million, resulting in a…

Over the past two months, a multisig wallet associated with the Ondo project has deposited approximately 328 million $ONDO tokens—valued at roughly $98.42 million—to cryptocurrency exchanges including Coinbase, according to data shared by AmberCN. Such large-scale transfers to trading platforms are widely interpreted by market participants as preparatory moves for selling. Tracking the Token Movements The wallet, identified as a project-controlled multisig address, has been steadily moving tokens to centralized exchanges since early March. Blockchain data reveals a series of transactions, each involving millions of $ONDO, accumulating to the 328 million figure reported. The primary destination has been Coinbase, one…

The Digital Asset Market Clarity Act could hand the CFTC the most significant expansion of regulatory authority in the agency’s history. Under the bill, the CFTC would gain exclusive jurisdiction over spot market transactions for digital commodities. It includes Bitcoin and Ethereum, while closing a regulatory gap. That has left large portions of the U.S. crypto market operating without clear federal oversight. CLARITY Act Could Supercharge CFTC PowerThe CLARITY Act could hand the CFTC sweeping authority over large parts of the US crypto market, per New York Times.The debate intensified after reports claimed officials who questioned Polymarket, Crypto(.)com, and Gemini…

Coinbase has expanded its partnership with Standard Chartered to give institutional clients broader fiat funding access across global markets. The integration adds new rails for AUD, SGD, CAD, and CHF, along with GSIB-backed settlement for EUR and GBP. The service is available across Coinbase Prime and Coinbase Exchange. Coinbase said the goal is to help institutions manage capital across spot, derivatives, and financing strategies without routing every position through one base currency. Partnership targets FX friction Coinbase said institutional activity now spans several regions, currencies, and trading strategies. That has made currency movement and funding speed a larger operational issue…

One fund manager has issued a stark warning: Bitcoin’s ongoing selloff may deepen as upcoming U.S. Treasury operations are expected to drain roughly $150 billion in liquidity from the financial system. “In my experience, Bitcoin tends to be a better liquidity indicator than most other instruments. If the Treasury settlements are a drain on liquidity, then Bitcoin could be heading much lower,” said Michael Kramer, founder and CEO of Mott Capital Management, a registered investment advisory firm, in his latest market analysis note. The U.S. Treasury regularly issues bonds and bills to finance government spending. When the Treasury sells new…

Catena Labs, a stablecoin financial infrastructure developer founded by Circle co-founder Sean Neville, has secured $30 million in a Series A funding round, as reported by Fortune. The company is building specialized tools that enable artificial intelligence (AI) agents to execute secure, verifiable financial transactions using stablecoins. Funding Details and Key Investors The Series A round was led by a16z Crypto and Accrue Capital, two prominent venture capital firms with deep roots in blockchain and fintech. Additional participation came from Breyer Capital, General Catalyst, and QED. The involvement of a16z Crypto, in particular, signals strong institutional confidence in the intersection…

In Iran, which has been at war with the US for months, there is a great deal of interest in cryptocurrencies. Recent data confirms this. According to reports, Novitex, Iran’s largest cryptocurrency exchange, has processed at least $2.3 billion worth of transactions through Tron (TRX) and $BNB Chain over the past few years. According to Reuters, citing data from on-chain analytics firm Arkham, Novitex has reportedly processed approximately $2 billion in transactions on the Tron network and at least $317 million on the $BNB chain since 2023. The report states that Novitex continued transferring funds across the two networks even…

A growing number of people see the Clarity Act, which intends to establish clear and enforceable guardrails for the U.S. crypto industry, as a sign that Washington has firmly closed the door on the “regulation-by-enforcement” approach seen under the Biden administration to a more structured framework for the crypto industry. And look, on paper, it’s a major step forward. There is no doubt the Clarity Act offers clearer definitions and a more coherent regulatory perimeter for the industry. But regulatory clarity does not automatically lead to adoption. Because even if Congress gets the market structure right, the U.S. crypto tax…

Shiba Inu has seen sustained demand as its recent exchange activity shows that holders have continued to aggressively move tokens out from crypto exchanges. While the reason behind the rising outflow remains unclear, the move has often been traced to increased buying activities as the act of moving tokens out of exchanges to self-custody typically represents purchases. Over 207 Billion $SHIB out in 24 hours According to data provided by crypto analytics platform CryptoQuant, the Shiba Inu exchange netflow has surged by over 5% over the last day. This shows a notable rise in exchange activity as a net total…

With Bitcoin mining economics under pressure from historically low hashprice levels of mining revenue and rising network competition, AI and HPC infrastructure revenue has emerged as a stabilizing and, in some cases, significantly larger growth driver. 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 first installment of this Bitcoin-AI convergence series explored a foundational idea: Bitcoin mining was never just about digital currency. It was designed as a long-term energy system, converting electricity into computation. The…