Author: NBTC

Investment bank Macquarie upgraded Core Scientific (CORZ) to outperform from neutral and hiked its price target on the stock nearly 90% to $34 from $18 following the collapse of the CoreWeave (CRWV) deal. The failed merger between Core Scientific and CoreWeave came as no surprise after reports and proxy recommendations pointed to shareholder opposition, analysts Paul Golding and Marni Lysaght wrote in the report on Thursday. The bank’s analysts viewed the outcome as a positive, giving Core Scientific more flexibility to lease its near-term power capacity to AI tenants. Core Scientific shares were 4.5% higher in early trading, around $21.70.…

Retail access to crypto exchange-traded notes has returned to the UK after the Financial Conduct Authority lifted its ban on the products, marking a significant shift in the country’s approach to digital asset investing. The move introduces new distribution opportunities for firms but comes with tighter restrictions aimed at reducing investor harm. Crypto ETNs (cETNs) can now be offered to retail investors when listed on the FCA’s Official List and traded on a UK-recognized investment Exchange. Restricted Mass Investments The regulator had already assessed prospectuses in anticipation of the 8 October policy change to allow a faster rollout of new…

Neobank Revolut has introduced a 1:1 conversion between USD and stablecoins, allowing its 65 million users to exchange up to $578,630 every 30 rolling days without incurring fees or spreads. “Today marks the day we remove all anxiety and friction of moving between fiat and crypto,” Revolut’s head of product in crypto, Leonid Bashlykov, posted to LinkedIn on Thursday. “1:1 Stablecoins by Revolut — $1.00 means $1.00.” Revolut reported holding nearly $35 billion worth of assets on behalf of its customers in 2024, marking a 66% increase from 2023, while its monthly transactions on the platform also rose considerably. Revolut’s…

Riot Platforms reported its financial results for the quarter ending September 30, 2025, and the numbers came in heavy. The company posted $180.2 million in revenue, up from $84.8 million in the same quarter last year. Riot also reported net income of $104.5 million, equal to $0.26 per diluted share, compared to a $154.4 million loss or $(0.54) per diluted share in Q3 2024. The shift was driven mainly by stronger Bitcoin mining revenue and the current value of Bitcoin it holds. Riot said it produced 1,406 bitcoin in the quarter, up from 1,104 mined in the same period last…

The world of digital assets is constantly evolving, and a groundbreaking development is set to accelerate this pace. Aria, a pioneering story-based IP tokenization platform, recently announced a significant boost, securing an additional $500,000 in Aria funding from prominent investors OKX Ventures and Selini Capital. This pivotal investment marks a new chapter for Aria, empowering it to push the boundaries of how we interact with and invest in intellectual property. What Does This Aria Funding Mean for IP Tokenization? This fresh influx of capital is not just a financial injection; it’s a catalyst for innovation. Aria has clear plans to…

One of Solana’s leading trading platforms is taking a new step that could reshape how tokens are launched across the network. Summary HumidiFi DEX will debut its WET token on Jupiter’s DTF ICO platform. The Solana-based DEX processes up to 40% of network DEX volume. DTF grants JUP stakers exclusive access and introduces a controlled token sale format. HumidiFi, a leading decentralized exchange on Solana, will launch its native WET token through Jupiter’s new Decentralized Token Formation platform, the first project to debut on the service. Jupiter (JUP) confirmed the news in an Oct. 30 post on X, marking a…

Coinbase’s (COIN) expectations-busting third-quarter earnings report drew a range of responses from Wall Street analysts, highlighting sharp differences in expectations for the crypto exchange’s long-term growth and ability to manage costs. The company posted $1.05 billion in transaction revenue and $801 million in adjusted Ebitda, both ahead of consensus estimates. Analysts across the board agreed that derivatives trading, subscription services and the integration of Deribit helped drive the beat. From there, opinions diverged. Barclays analyst Benjamin Budish acknowledged Coinbase’s performance, but flagged rising costs and shrinking margins heading into the fourth quarter. He cited a step-up in operating expenses, driven…

North Carolina Senator Thom Tillis, a Republican member of the US Senate Banking Committee, reportedly warned that Congress has only a few months left to advance crypto legislation before election politics stall progress. According to a Monday Bloomberg report, Tillis said the 2026 midterm elections would likely hamper progress on any crypto bills currently moving through Congress, such as the market structure framework passed by the House of Representatives in July, which is currently under consideration in the Senate. Tillis said lawmakers should act “by the first part of January, February” to get any legislation passed in the current session,…

Binance launches a crypto QR payment system in Argentina, allowing instant, fee-free transactions through Binance Pay. Merchants receive payments in Argentine pesos, with automatic crypto-to-fiat conversion handled by regulated local partners. Binance has introduced a crypto-based QR payment system in Argentina. With this feature, users can make transactions simply by scanning a merchant’s QR code through the Binance Pay app, selecting their desired crypto asset, and voila. No additional fees, as the transaction is completely free. Even more impressive, merchants don’t need to be crypto savvy to take advantage of this service. Binance automatically converts payments from crypto to Argentine…

Bitcoin’s (BTC) April 2024 halving cut block rewards from 6.25 to 3.125 BTC, compressing the hash price and forcing Bitcoin miners to reconsider their business model. Instead of waiting for fee markets to rescue margins, the largest operators started signing contracts to lease infrastructure to AI tenants. Core Scientific committed 500 megawatts to CoreWeave for $8.7 billion over a 12-year period. Cipher locked in 168 MW with Fluidstack for $3 billion over a decade, with Google backstopping obligations. These deals depend on the calculation that the same inputs powering SHA-256 ASICs can generate more revenue per megawatt-hour when pointed at…