Author: NBTC

Bullish (BLSH), the crypto platform and parent company of CoinDesk, reported first-quarter adjusted revenue below analyst expectations as weaker digital asset trading activity early in the year weighed on earnings. The company posted adjusted revenue of $92.8 million, compared with FactSet analyst estimates of $94.9 million. Adjusted earnings before interest, tax, depreciation and amortization (EBITDA) came in at $35.1 million, up from $13.2 million a year earlier, but missing expectations of $38 million. Bullish reported a net loss of $604.9 million, or $3.85 per diluted share, compared with a loss of $348.6 million, or $3.04 per share, a year earlier.…

Toncoin ($TON) extended its rally overnight as markets braced for the second half of Pavel Durov’s seven-step Make $TON Great Again (MTONGA) roadmap. The token rose from roughly $1.37 to $2.8 at press time, more than doubling in value shortly after Durov said Telegram had become $TON’s largest validator. Source: CoinGecko Toncoin’s rally has pushed it into the top 20 crypto assets by market capitalization, where it now ranks 19th. It has overtaken Chainlink and Canton as its market value climbs to around $7.5 billion, narrowing the gap with Monero. Source: CoinGecko The layer 1 crypto asset has also led…

US Commodity Futures Trading Commission (CFTC) Chair Michael Selig is claiming that the agency under former President Joe Biden “politically targeted” the co-founders of cryptocurrency exchange Gemini through enforcement actions. In a Tuesday CNBC interview, Selig said under his leadership, the CFTC was “trying to get back to a baseline” on enforcement, after what he claimed was politicization by the Biden administration. While the Selig acknowledged that he is a political appointee nominated by US President Donald Trump, he claimed that the recently reported staff cuts targeted people “engaging in lawfare.” “The Biden administration weaponized the federal agencies against the…

South Korea’s Digital Asset Exchange Alliance (DAXA) has introduced a new standard requiring virtual asset exchanges to forcibly expire API keys that are improperly loaned or shared by users. The move, reported by Hans Economics, is a direct response to a growing number of incidents where shared API credentials have been exploited for unfair trading practices, including market manipulation. What Are API Keys and Why Do They Matter? An API key is a unique access credential that allows users to connect to an exchange’s functions—such as checking prices and balances, placing orders, and processing deposits or withdrawals—through self-developed or third-party…

Strive (ASST) said that its preferred stock will begin paying cash dividends every single business day from June 16, a first in U.S.-listed securities history. CEO Matthew Cole called the daily dividend structure a “zero-to-one innovation,” positioning SATA as a cash yield instrument designed to compete with and improve upon traditional money market alternatives. “SATA will be the first listed security in the history of U.S. capital markets to pay cash dividends every single Business Day,” Cole said in a statement on Thursday. The firm maintained the Variable Rate Series A Perpetual Preferred Shares (SATA) dividend rate is at 13%…

Cryptocurrency exchange Binance has released a new version of its monthly “Proof of Reserves” report, which aims to show that user assets are matched one-to-one. The report shares user balances, on-chain wallet assets, and reserve matching ratios for Bitcoin, Ethereum, stablecoins, and many major altcoins. According to the published data, Binance maintains a reserve ratio of over 100% for Bitcoin and altcoins. Particularly noteworthy were the high reserve ratios for $FDUSD, $WLFI, and $CAKE. On the stablecoin side, $USDC had a reserve ratio of 106.66%, while $FDUSD had a ratio of 107.15%. Related News Solana ($SOL) Joins Forces with an…

Europe’s crypto sector is entering its sharpest contraction in years. About 210 firms hold a Markets in Crypto-Assets (MiCA) licence ahead of the July 1 MiCA deadline. That number compares with nearly 2,747 Virtual Asset Service Provider (VASP) registrations counted across the European Union in 2024. The new licensed group represents roughly 7% to 8% of the previous registered universe, according to industry trackers and supervisory data. Authorized Entities by Country. Source: chainscreen.io MiCA Deadline: The Scale of the Cut Industry tracker Coincub estimated 2,747 VASP registrations across Europe in 2024. Poland alone accounted for more than 1,400. ChainScreen placed…

A new liquidity network backed by firms including BlackRock (BLK) and Janus Henderson (JHG) is aiming to make the $15 billion tokenized Treasury fund market function better than their traditional counterparts. Grove, a blockchain-based credit infrastructure specialist, unveiled Thursday a facility designed to provide instant stablecoin liquidity for investors exiting tokenized real-world asset funds. The platform will offer up to $1 billion in committed daily liquidity at launch. The product, dubbed Basin, targets one of the biggest shortcomings in the fast-growing tokenized Treasury market. While blockchain-based funds promise round-the-clock trading and near-instant transfers, many still rely on traditional settlement rails…

Ripple Chief Technology Emeritus Officer David “JoelKatz” Schwartz has admitted to intentionally holding back his true optimism regarding $XRP and the broader digital asset market. Schwartz is hesitant to share his opinions because his enthusiasm could be misconstrued as market manipulation. Known for his candid interactions with the crypto community, the Ripple veteran recently expressed regret over the stifling effect his prominent position has on his ability to speak freely. “It’s kind of sad that I don’t feel comfortable sharing my optimism about $XRP (and even, to some extent, cryptocurrencies generally) because it could be perceived as self-serving or, worse,…

Crypto News Senators Bernie Sanders and Elizabeth Warren are urging the US Department of Labor to scrap a proposed rule that would allow cryptocurrencies into 401(k) retirement plans. In a June 1 letter to Acting Secretary Keith Sonderling, the lawmakers, joined by Representative Bobby Scott, warned that the safe-harbor provision would strip protections from retirement savers and steer them toward volatile assets. They cited Donald Trump’s namesake memecoin, which once hit an all-time high above $73 before collapsing near $2, and pointed to FBI data showing crypto-linked fraud losses topped $11 billion in 2025. The trio also flagged conflicts of…