Author: NBTC

NBTC

NBTC is the editorial account for NBTC News, covering Bitcoin, Ethereum, DeFi, blockchain infrastructure, exchanges, mining, regulation and digital asset markets. The editorial team focuses on clear sourcing, timely updates and practical context for crypto readers.

Citigroup Lowers Coinbase (COIN) Price Target to $210, Citing Market Headwinds

Citigroup has revised its price target for Coinbase Global (COIN), lowering it to $210 per share from the previous $235. The adjustment reflects a more cautious outlook on the cryptocurrency exchange’s near-term earnings potential amid a challenging market environment. What the Price Target Cut Means The new target still implies a modest upside from Coinbase’s current trading levels, but the reduction signals that analysts see weaker trading volumes and regulatory pressures weighing on the company’s performance. Citigroup’s revised estimate comes as the broader crypto market continues to face volatility, with Bitcoin and other major digital assets struggling to sustain upward…

RegulationAug 16

Moneyflip CEO charged in $40K murder-for-hire plot

Moneyflip CEO Marcos Arturo Kleiman Tronllan faces a federal murder-for-hire charge after allegedly paying undercover agents $40,000 to kidnap and kill a businessman over an unpaid debt. Moneyflip CEO arrested in Miami Homeland Security Investigations agents arrested Kleiman in Miami on July 30 in connection with a federal complaint filed in San Diego. Kleiman, 40, is a Mexican citizen and lawful permanent resident of the United States. He previously lived and worked in San Diego, according to the U.S. Attorney’s Office for the Southern District of California. Moneyflip is a registered money services business offering cross-border currency exchange services. Kleiman…

LegalAug 16

Why CME wants phone traders slinging leveraged Nvidia contracts at 3 AM after earnings drop

At 4:05 pm in New York, a large tech company releases earnings. The main stock session has ended, executives begin their conference call, and billions of dollars start shifting through every instrument connected to the company. Shares move across extended-hours venues, options desks recalculate volatility, index futures absorb the broader reaction, and investors in Asia prepare for their own trading day. And now CME has placed another instrument inside that competition for the first credible price. On July 27, the exchange launched 55 standard single-stock futures and 22 Micro versions linked to some of America’s most heavily traded companies, including…

ExchangesAug 16

Veteran Trader Brandt Leans Bearish on Bitcoin's Next Move

Veteran trader Peter Brandt is leaning toward another decline in Bitcoin, although he stressed that he has not yet placed a bet on the cryptocurrency’s next move. “I am not in the bet yet, but if I were to bet it would be for a decline,” Brandt said in a post on X. For now, Bitcoin remains trapped in a relatively narrow range after a sharp correction earlier this summer. The flagship cryptocurrency is currently struggling to reclaim a key resistance area near $67,260. I am not in the bet yet, but if I were to bet it would be…

BitcoinAug 16

A staked Ethereum ETF processed $48M in redemptions while keeping 86% of ETH locked, 21Shares filing shows

The 21Shares Ethereum ETF, which trades as TETH, reported $48.4 million in TETH redemptions during the first half of 2026 and ended June with 86.42% of its $ETH holdings staked, according to an Aug. 14 quarterly filing. The redemption total covers completed activity; the June 30 staking ratio exposes future settlement to the timing of Ethereum's unstaking process. For the six months ended June 30, TETH redemptions generated $48.426 million in distributions for redeemed shares against $42.174 million of contributions for new shares. Using the filing's unrounded figures, redemptions exceeded contributions by $6.251 million. The trust sold 21,125.2745 $ETH for…

EthereumAug 16

Cantor Fitzgerald trims Strategy price target to $186, keeps Overweight rating on long-term Bitcoin strategy

Cantor Fitzgerald has lowered its price target on Strategy (formerly MicroStrategy) to $186 from $212, while maintaining an Overweight rating on the stock. The adjustment reflects a more conservative near-term outlook for Bitcoin, the company’s primary treasury asset, according to a note from Walter Bloomberg. Why the price target was cut The investment bank revised its Bitcoin price forecast down to $98,000 from $111,000, a move that directly impacts its valuation of Strategy, which holds a significant Bitcoin reserve. Despite the reduction, Cantor Fitzgerald still views the company’s long-term trajectory positively, expecting the par value of its convertible notes to…

RegulationAug 16

Solana Meme Coin Jimothy The Raccoon Surges 186% in a Day

Solana News A Solana meme coin inspired by a viral Seattle raccoon has surged 186% in a single day, pushing its market capitalization to roughly $11 million. Jimothy The Raccoon (JIMOTHY), launched this week by anonymous developers, drew traders within hours of its debut on the Solana network. The token belongs to the fast-moving altcoin segment, where narrative and social momentum rather than fundamentals drive early price discovery. Live market data confirms the sharp move, though the asset remains a micro-cap relative to Solana’s established projects. The rally underscores how quickly online attention now converts into on-chain speculation across the…

AltcoinsAug 16

Crypto PAC pours another $1M into Michigan House race

An affiliate of a political action committee (PAC) funded largely by contributions from cryptocurrency companies Ripple Labs and Coinbase has poured more cash into ads for next week’s primary race in Michigan’s 13th Congressional District. According to Federal Election Commission (FEC) filings as of Thursday, the Protect Progress PAC had spent more than a combined $2 million on media to support Michigan Representative Shri Thanedar in the state’s 13th district and oppose his Democratic challenger, Donavan McKinney. The most recent filings effectively doubled what the PAC had reported spending a week prior, with an additional $884,240 on ads to support…

LegalAug 16

2,628 BTC Transferred from Crypto.com to Unknown Wallet

A significant transfer of 2,628 Bitcoin, valued at approximately $164.9 million, recently took place from Crypto.com to an unknown wallet. This movement has drawn attention from market participants, especially given the context of recent whale activity in the cryptocurrency space. As traders analyze this transfer, it raises questions about potential implications for market liquidity and sentiment. source The Latest Bitcoin is currently trading at around $63,000, with a market capitalization nearing £958 billion. The recent transfer from Crypto.com marks a notable event, as large movements of Bitcoin can influence market sentiment and signal potential shifts in trading dynamics. Such transactions…

ExchangesAug 16

CryptoQuant Says “Bitcoin and Gold Are Heading the Same Way Again,” Warning of Peaks and Declines! Here Are the Details

As Bitcoin surpassed $65,000 during the day, CryptoQuant CEO Ki Young Ju offered new insights regarding $BTC. At this point, Ki Young Ju stated that the relationship between Bitcoin and gold has begun to strengthen again. According to Ju, the relationship between $BTC and gold has returned to the levels seen during the period when Bitcoin was considered ‘digital gold’. Is Bitcoin Returning to the Era of “Digital Gold”? CryptoQuant CEO X published a chart from their account showing the 90-day Pearson correlation coefficient between Bitcoin and gold. According to the shared CryptoQuant data, the correlation quickly recovered and rose…

BitcoinAug 16