Author: NBTC
In a stunning market event that caught traders by surprise, USDC experienced an unprecedented price spike on Bithumb, briefly reaching 6,120 won before rapidly correcting. This dramatic fluctuation highlights the volatility that can occur even with stablecoins designed to maintain consistent value. What Caused the USDC Price Spike on Bithumb? The USDC price spike occurred at approximately 1:08 a.m. UTC, when the stablecoin’s value surged to 6,120 won (about $4.43) on the South Korean exchange. This represents more than four times its typical trading value. Market analysts suggest several potential causes for this unusual USDC price movement: Technical glitches in…
Crypto-related equities like BitMine Immersion Technologies and leading Bitcoin miners CleanSpark and Riot Platforms are strongly positive amid crypto market rebounds sending Bitcoin above $92,000 earlier Friday and Ethereum back over $3,000. Shares in BitMine (BMNR), the leading Ethereum treasury firm, are up 4.47% today and more than 27% over the last 5 trading days, now changing hands at $33.16. The firm, which is chaired by outspoken investor Tom Lee, has remained bullish on the second-largest crypto asset, consistently adding to its coffers despite ETH’s more than 38% drawdown from its August all-time high. BitMine holds over $11 billion worth…
Ethereum remains under heavy pressure as the broader crypto market continues its correction. With the price losing key support levels and sentiment growing increasingly cautious, all eyes are on whether ETH can stabilize above major zones, or if another leg down is coming. Technical Analysis By Shayan The Daily Chart On the daily timeframe, ETH has fallen below both its 100-day and 200-day moving averages, currently hovering around $2,800. This breakdown came after several days of consolidation near the $3,000 level, which acted as a weak support before the market finally cracked. The RSI also sits deep near the oversold…
Despite comparing it to a money market or high yield bank account as recently as September 29 and planning expansions to cater to euro, pound, or yen investors across the globe, Michael Saylor has admitted that he’s not been able to sell any of his $4.2 billion worth of stretch (STRC) at-the-market (ATM) offering. On July 31, 2025, Saylor’s Strategy engaged Morgan Stanley, TD, Barclays, and other financial giants to sell up to tens of thousands of shares of STRC at prevailing market prices. The company established this program on July 31, but hasn’t utilized it at all. Untapped, the…
Thailand introduces 0% capital gains tax on Bitcoin gains made through licensed national exchanges. Only profits from SEC-licensed crypto platforms get tax benefits; overseas trades still fully taxable. New tax rule boosts crypto investment, making Bitcoin trading cheaper and more attractive in Thailand Thailand has introduced a 0% capital gains tax on Bitcoin and other cryptocurrencies traded on national exchanges licensed by the Thai Securities and Exchange Commission (SEC). This move aims to attract foreign investment and help Thailand become a central hub for digital assets. Key Details of Thailand’s 0% Tax on Bitcoin Gains Thailand’s new rule removes personal…
Jump Trading has begun making markets on Kalshi, becoming one of the first major proprietary trading firms to participate in the event-betting business that’s drawing interest from both Wall Street and Silicon Valley. The Chicago-based firm has been providing liquidity on event contracts that allow users to wager on everything from elections to sports outcomes, according to Bloomberg, quoting people familiar with the matter who requested anonymity. The move comes as prediction markets experience explosive growth, with platforms like Kalshi and Polymarket handling a combined $7.4 billion in trades during October alone. Sports contracts have emerged as the dominant category,…
Greenidge Generation Holdings, a Bitcoin (BTC) mining company, disclosed that a fire broke out at its mining facility in Dresden, New York, where it co-hosts operations with mining company NYDIG. The fire broke out on Sunday due to an “electrical switchgear failure,” forcing the company to de-energize the entire facility, according to a Securities and Exchange Commission (SEC) filing. The fire did not damage the mining rigs, and the company said it would resume normal operations within a “few weeks,” without providing specific dates. Greenidge disclosed the fire at the Dresden, New York, facility in a recent SEC filing. Source:…
Table of Contents What are the Most Important Ethereum Updates This Month?Coinbase Launches ETH-backed Loans for US UsersHow is Ethereum’s L2 ecosystem changing?New ETH Perpetual Futures Arrive in SingaporeEthereum Foundation Changes its Grants ProgramKohaku Introduces New Privacy Tools for Ethereum WalletsBitMine Plans a Large ETH Validator NetworkMarket activity: ETFs, Futures, and LiquidationsConclusionResources:Frequently Asked Questions Ethereum has seen several important updates across its ecosystem in recent weeks. These updates span lending, privacy, layer 2 development, institutional products, staking plans, and ETF market activity. The main recent update is that Ethereum’s ecosystem is expanding on multiple fronts at the same time, including…
Robinhood has yet to address the apparent platform-wide outage of its trading services across the mobile app and website. Summary Thousands of Robinhood users reported being unable to do trades Traders are complaining about being unable to close positions, which can result in losses Scammers are already trying to exploit the situation with phishing messages Robinhood is experiencing a major, platform-wide outage. On Monday, Oct. 6, tens of thousands of Robinhood traders were apparently unable to perform trades on Robinhood apps. Many took to social media to complain. Shares of Robinhood were lower by around 1% after opening for trading…
The American financial system stands at a turning point as Bank of America signals a shift toward crypto integration. The bank notes a fresh wave of interest in crypto payment adoption across leading institutions. This change reflects rising comfort with digital assets after years of hesitation. Investors sense that a new system may soon appear across the country. Banks want fast transactions, strong security and new revenue tools. They now see these benefits through crypto payment adoption as more customers demand flexible choices. Every major industry now explores crypto functions, and banks want to stay ahead. US banking crypto activity…