Author: NBTC

On-chain researcher ZachXBT made a noteworthy post about BitMEX co-founder Arthur Hayes, questioning his recent token comments and sales. ZachXBT noted that Hayes frequently changed his views in a short period of time and especially exited his Worldcoin ($WLD) position quickly, asking, “How much exit liquidity did he obtain from his followers in the last few days?” According to ZachXBT, Hayes had previously shared bullish views on various crypto assets such as NEAR, HYPE, and ZEC. However, the latest controversy centered on Worldcoin. After Hayes publicly stated his bullish outlook for $WLD, setting price targets well above the current price,…

The U.S. Securities and Exchange Commission (SEC) has filed charges against Florida resident Zan Shaikh and his company, Mining Automatic, alleging they orchestrated a $22 million cryptocurrency mining investment fraud that misled hundreds of investors over a two-year period. How the Alleged Scheme Operated According to the SEC’s complaint, from June 2023 to May 2025, Mining Automatic raised approximately $22 million from more than 380 investors by promoting guaranteed monthly returns generated through cryptocurrency mining operations. The company marketed itself as a reliable investment vehicle for those seeking exposure to digital asset mining without the technical complexities. However, the regulator…

South Korean cryptocurrency exchange Upbit has announced a temporary suspension of deposits and withdrawals for the Pharos ($PROS) token, scheduled for July 26 at 3:00 a.m. UTC. The halt is attributed to a planned hard fork on the Pharos blockchain. Timeline and Scope of the Suspension According to Upbit’s official notice, the suspension will begin at 3:00 a.m. UTC on July 26. The exchange has not specified an exact end time, noting that services will resume once the hard fork is completed and the network is deemed stable. During this period, $PROS trading pairs on Upbit may continue to operate,…

$BNB Chain has gained wider market attention for achieving a crucial milestone in the stablecoin sector. $BNB Chain has become the leading blockchain when it comes to stablecoin activity, witnessing more daily transfer counts in comparison with others. As per the data from Allium, during 2026, $BNB Chain has remained the top blockchain in terms of daily stablecoin transfers. This development underscores the growing role of $BNB Chain in the DeFi network. Tron and Solana blockchains have reserved the 2nd and third slots in number of stablecoins transactions. $BNB Chain has led all chains in daily stablecoin transactions over the…

Critics would argue that three past instances aren’t enough to draw a definite conclusion. While that is true, the contrarian record of the bear cross is consistent with the reputation of ultra-long-duration moving averages as “lagging” indicators. Backward looking Think about the information the averages are conveying. They represent the average price over the previous 50 and 100 weeks. In other words, they reflect price action that has already materialized. The imminent bear cross is essentially a reflection of the 50% drop in bitcoin price from $126,000 in October to nearly $60,000. It has limited predictive power at best. By…

Valkyrie has officially announced the completion of its ETF platform sale to CoinShares. This move is significant for investors as it consolidates CoinShares’ position in the rapidly evolving digital asset ecosystem. The sale reflects Valkyrie’s commitment to focusing on its core business while enhancing the offerings available to investors through CoinShares. For further details, see the official announcement here. The Key Development The broader cryptocurrency market is currently exhibiting mixed signals, with varying momentum across major assets. Valkyrie’s announcement marks a pivotal moment in the ETF space, highlighting the ongoing consolidation trend among firms looking to capitalize on the digital…

Blockchain investigator ZachXBT has called out BitMEX co-founder Arthur Hayes on June 6 for dumping tokens he had publicly promoted. He questioned how much “exit liquidity” Hayes’s followers absorbed in the process. This comes after Hayes exited positions in $NEAR, $HYPE, $ZEC, and $WLD in a space of two weeks, each sale following public endorsements that drew retail attention to the tokens. >Promote $WLD position you claim to be super bullish on multiple times with targets significantly higher than current price >Exit $WLD position shortly after ??? — ZachXBT (@zachxbt) June 6, 2026 Which tokens did Hayes sell after promoting?…

Chris Dixon recently expressed strong support for Mike Selig’s nomination to chair the Commodity Futures Trading Commission (CFTC). He emphasized that the timing is critical, as the agency needs to finalize market structure legislation to provide clear rules for both builders and consumers. This nomination comes at a pivotal moment for the regulatory landscape of cryptocurrencies, underscoring the urgency for clear guidelines in this evolving sector. Breaking It Down The broader crypto market is currently exhibiting mixed signals, with varying momentum influencing major assets. Mike Selig’s nomination as CFTC chair is particularly significant as it aligns with ongoing discussions about…

KuCoin, the renowned crypto exchange, has unveiled the Tomorrowland Visa KuCard as a limited-edition product. Tomorrowland Visa KuCard combines Web3-driven payments with a prominent electronic music festival. As per KuCoin’s official X announcement, it is launching the new payment card via KuCoin EU for worldwide music enthusiasts who are going to attend Tomorrowland. Tomorrowland is one of the world’s largest annual electronic dance music (EDM) festivals, held in Belgium. The blend of everyday spending and digital asset use cases underscores KuCoin’s endeavors to make crypto-powered payments widely accessible. Carrying the future of Web3 payments in your pocket. 💳 Meet the…

Stablecoin issuer Circle (CRCL) has acquired nearly 1,000 issued blockchain-anchored patents from IBM, a deal the firm said makes it the largest holder of blockchain patents in the United States. The portfolio spans more than 680 patent families covering blockchain technology, banking, financial services, insurance, enterprise infrastructure, supply-chain verification and cloud security, according to a press release. The deal’s financial terms weren’t disclosed. IBM was already among the largest U.S. blockchain patent holders before the sale. A December 2025 analysis by patent analytics firm PatSnap credited it with 790 patents, alongside Advanced New Technologies and Bank of America. Circle said…