Author: NBTC

Strategy (MSTR) sold 3,588 bitcoin for approximately $216 million last week, reducing its total holdings to 843,775 $BTC, according to a Monday SEC filing. The company said proceeds from the bitcoin sales will be used to fund distributions on its preferred stock and replenish the portion of its U.S. dollar reserve used for those payments. As of July 5, the USD reserve totaled $2.55 billion. The latest sales were executed at an average price of roughly $60,000 per bitcoin and are dramatically higher than the 32 bitcoin sold by the company about one month ago, which sent crypto prices plunging.…

Rumble just landed the biggest customer deal in its history. The company signed a $270 million multi-year cloud agreement with Together AI for dedicated GPU capacity powered by NVIDIA HGX Blackwell B300 systems. Rumble’s stock surged 7% in premarket trading following the announcement. What the deal actually involves Together AI, a company focused on building and deploying open-source AI models, will get dedicated access to Rumble’s GPU cloud infrastructure. The hardware at the center of the arrangement is NVIDIA’s HGX Blackwell B300 systems, which represent the cutting edge of AI training and inference compute. The deal’s structure includes provisions for…

HypeStrat, a firm focused on strategic accumulation of the $HYPE token (DAT), has purchased 600,000 $HYPE tokens valued at approximately $40.6 million over the past seven days, according to a report by Hyperliquid News. The acquisition marks one of the largest single-week token buys by a dedicated accumulation entity in the Hyperliquid ecosystem. Context and Background of the Purchase The purchases were executed through multiple transactions on the Hyperliquid decentralized exchange (DEX), with the average price per token hovering around $67.67 during the accumulation period. HypeStrat’s strategy involves systematically building a large position in $HYPE, the native token of the…

The U.S. Treasury Department continues to more broadly include cryptocurrency assets in its sanctions policies. The Office of Foreign Assets Control (OFAC), under the Treasury Department, has added cryptocurrency wallet addresses located on various blockchain networks to its sanctions list as part of sanctions against Cuba. According to the statement, the addresses added to the sanctions list are located on the Tron (TRX), Dogecoin (DOGE), Solana (SOL), Dash (DASH), Zcash (ZEC), and Litecoin (LTC) networks. OFAC stated that these wallets are associated with various foundation funds and digital asset accounts that are considered to be linked to the Cuban government.…

The U.S. Government has moved $296.71K in seized funds linked to the Bitfinex hack to Coinbase Prime, according to a widely shared post by @OnchainLens. This transfer underscores ongoing scrutiny and management of crypto assets associated with criminal activities, impacting market perception and behavior. Breaking It Down The broader crypto market is showing mixed signals with varying momentum across major assets. The recent transfer of $296.71K in seized Bitfinex funds to Coinbase Prime has caught the attention of traders and analysts alike. Given the scale of this transfer, it may suggest a potential increase in whale activity, as large wallet…

zkSync recently announced its involvement in the modernization of American banking, highlighting a significant shift towards blockchain integration. This initiative is powered by Carinetwork and built on Prividium, signaling a crucial moment for institutional blockchain adoption, as noted in their official tweet. The Latest The broader crypto market is currently exhibiting mixed signals, with various assets reacting differently to recent developments. zkSync’s latest announcement indicates a concerted effort to enhance the role of blockchain technology in traditional banking systems. This evolution follows prior updates emphasizing zkSync’s support for unmodified EVM bytecode, further facilitating developer accessibility. As institutions increasingly seek to…

Bitcoin, the leading cryptocurrency, is currently trading around $62,700, having recovered from its lows last week after falling below $58,000, as ETF inflows began to improve market sentiment. While the direction of future price movement is a subject of speculation, analysis firm CryptoQuant has released a new analysis on what is needed for an upward trend. Bitcoin Needs $1 Trillion to Rise! According to CryptoQuant analysts, $BTC needs more than $1 trillion in new capital for its next surge. According to CryptoQuant’s analysis, Bitcoin’s capital efficiency has decreased, and it needs over $1 trillion in new funding to support its…

Bitmine Immersion Technologies recorded $45.7 million in revenue from Ether staking and validation last quarter, following the launch of its institutional-grade Ethereum staking platform in March. Staking revenue accounted for 98% of total revenue for the three months ended May 31, far outpacing the $624,000 from self-mining Bitcoin (BTC) and the $168,000 from consulting services, according to Bitmine’s latest 10-Q filing. On Monday, Bitmine said it had staked 85% of its $ETH holdings, equating to around 4.9 million Ether ($ETH). “Bitmine has staked more $ETH than other entities in the world. At scale (when Bitmine’s $ETH is fully staked by…

Securitize, the tokenization specialist backed by BlackRock, moved a step closer to becoming a publicly traded company after the U.S. Securities and Exchange Commission approved a key filing tied to its planned merger with a special purpose acquisition company (SPAC). The agency declared Securitize’s registration statement for its proposed combination with Cantor Equity Partners II (CEPT) effective. The merger is with a blank-check company sponsored by an affiliate of Cantor Fitzgerald, the companies said Friday. The deal now heads to a shareholder vote scheduled for June 29. If approved, the transaction is expected to close shortly thereafter, with the combined…

Variant recently amplified a tweet from @Morpho, emphasizing the project’s significant growth, which reportedly exceeds 500% year-over-year, as noted in @AlanaDLevin’s Crypto Trends Report. This claim sheds light on Morpho’s increasing presence in the blockchain space, indicating a robust trend toward decentralized finance solutions. What Happened The crypto market currently exhibits mixed signals, with various assets displaying fluctuating momentum. Morpho, a project focused on decentralized finance, is gaining attention for its impressive growth metrics, especially highlighted by @AlanaDLevin in a widely shared report. The emphasis on Morpho’s 500%+ YoY growth suggests a strong adoption curve, potentially driven by increased staking…