Author: NBTC

Paul Sztorc, the developer behind the Drivechain proposal and BIP 300, announced the change in an Aug. 7 update. ECX is a new blockchain that copies Bitcoin’s full transaction history at a set block height, crediting nearly every Bitcoin holder (minus some of Satoshi’s coins) with an equal amount of ECX. Bitcoin’s own network is not altered by the process. Sztorc Breaks the Launch Into Three Steps Under the plan, an “alpha” version of ECX activates Aug. 23 at block 963648. A “beta” version follows Sept. 20 at block 967,680. The permanent, full release is set for Oct. 31 at…

TD Cowen has maintained its $260 price target and buy rating on Strategy (formerly MicroStrategy), according to a recent report. The firm highlighted that the company’s primary focus is on restoring its preferred stock (STRC) to par value, a move that could signal confidence in its capital structure. Strategic Focus on Preferred Stock The report, cited by The Block, indicates that Strategy is prioritizing the recovery of its STRC preferred shares. This focus comes despite the company posting a significant net loss of $8.22 billion in the second quarter. The preferred stock, which trades on Nasdaq, has been under pressure,…

Brain (BRAIN), a new memecoin developed on the Base blockchain, experienced a remarkable surge after Coinbase CEO Brian Armstrong changed his social media profile picture. Investors interpreted Armstrong’s move as indirect support for the project, causing the token’s price to rise sharply in a short time, with its market capitalization briefly exceeding $30 million. According to market data, BRAIN’s total market capitalization later declined slightly, stabilizing at approximately $20.14 million. Despite this, the token achieved one of the most remarkable performances of the day, gaining over 3,800% in value in the last 24 hours. The main reason for the rise…

The Michigan State Retirement Fund has increased its stake in Strategy (formerly MicroStrategy) by 141%, bringing its total holdings to 14,000 shares valued at approximately $1.34 million. The disclosure, reported by Binance News and sourced from BitcoinTreasuries.NET, underscores a growing trend among public pension funds to allocate capital to companies with significant bitcoin treasury operations. Context and Significance This move by Michigan’s pension fund reflects a broader institutional shift toward indirect bitcoin exposure. Instead of directly purchasing the cryptocurrency, some funds are opting for shares in companies like Strategy, which holds substantial bitcoin reserves on its balance sheet. Strategy, under…

Cardano developer Input Output is handing control of core blockchain infrastructure to outside teams, reducing the network’s dependence on the company that built it, Input Output announced Friday. Input Output said the handover is the next phase of Cardano’s decentralization. It covers Cardano’s Haskell node, Plutus smart-contract platform, Daedalus wallet, Hydra scaling technology and developer relations. Specialist companies include Se7en Labs, a development agency specializing in Solana blockchain infrastructure, and Teragone, a specialist software development and cryptographic research team that leads the development of Mithril, a stake-based signature protocol for the Cardano blockchain. Both will take responsibility for some of…

In an institutional bear market, a Bitcoin ETF redemption is almost aggressively boring. An investor sells shares, an authorized participant returns a large block to the trust, and the fund either pays cash or transfers $BTC. Its assets shrink while the shares keep trading near net asset value and the custodian carries on. Since the SEC approved in-kind redemptions in July 2025, the coins themselves can leave through this process without forcing the trust to sell them on the market. In 2022, the exit often began with a disabled withdrawal page and ended in bankruptcy court. But now, in 2026,…

Enlivex, a Nasdaq-listed biotechnology company, is asking shareholders to authorize up to $800 million of financing tied to the $RAIN crypto token. The structure could increase its share count by as much as 951%. Despite Enlivex’s biotech business, the financing is primarily a crypto-treasury transaction. $RAIN delivered at closing would go to the company’s treasury wallets, while substantially all cash or stablecoin proceeds are earmarked to acquire the token or support other treasury purposes, transaction costs, and debt. Only up to 5% of remaining USD proceeds could fund Allocetra. Shareholder approval is required for an initial $400 million placement and…

In a recent tweet, vocal Dogecoin member Mishaboar shared a reminder with the Dogecoin community. He reminded the community that no entity, fund, or enterprise owns or officially represents Dogecoin. He added that anyone implying or stating authority over Dogecoin might be pushing a misleading claim. In his words, Doge is permissionless and decentralized, letting anyone use it, build with it, or do whatever with it. “Legitimacy is earned, not claimed,” Mishaboar said, asking his X followers to “judge any company, fund, or entity by its track record, its openness and transparency, the real value of its work and products.…

Robinhood Crypto SVP Johann Kerbrat says the firm’s tokenization work is “just the beginning,” choosing to direct focus to the network’s technical infrastructure over issuing a token. The network is currently focusing on its new stock tokens, which give users access to 24/7 onchain versions of equities like Nvidia and Apple. Does Robinhood Chain have a token? Per Cryptopolitan’s earlier reporting, Robinhood Chain decided to deviate from the strategy of most networks and shipped without a native token. It is a permissionless, EVM-compatible layer-2 built on Arbitrum’s tech stack that settles to Ethereum and charges gas in ether. Robinhood’s focus…

The crypto market has yet to shake off the turbulence that has rattled it for weeks. The signals also failed to rule out a further decline in the coming weeks. Capital flow drove much of that weakness, particularly as stablecoin supply kept falling short of demand. Global M2 supply, another major market lever, climbed steadily without delivering the growth many had priced in. Can Global M2 supply lift crypto? Alphractal recently reported that Global M2 money supply jumped by roughly $1 trillion in a single week. China accounted for roughly 80% of that increase, or $800 billion. Other economies accounted…