Author: NBTC
Monday kicked off with a flurry of treasury announcements as major digital asset firms expanded their crypto reserves, underlining the growing institutional embrace of blockchain-native assets. BitMine Immersion Technologies (BMNR) now holds the world’s largest ether {ETH} treasury at 833,137 ETH worth over $2.9 billion. Launched just 35 days ago, BitMine’s aggressive ETH acquisition strategy positions it as the third-largest overall crypto treasury behind Strategy (MSTR) and MARA Holdings (MARA), according to the press release. Investor Bill Miller III has taken a significant stake, joining a deep bench of institutional backers including ARK’s Cathie Wood, Kraken, Galaxy, and Pantera. With…
Ripple advocate and pro-crypto attorney John Deaton recently highlighted the likely beneficiaries of the newly passed GENIUS Act, naming Circle (issuer of USDC), Ripple (issuer of RLUSD), and Ethereum (ETH) as key winners. Deaton stated on X that many expect Circle and Ripple to benefit from the legislation, but he emphasized that Ethereum could emerge as the biggest winner. He pointed to the efforts of figures like Fundstrat and Ethereum co-founder Joseph Lubin, all of whom are pushing to position ETH at the center of this regulatory evolution. Deaton also noted growing interest from Tether’s Paolo Ardoino, with mentions of…
Inferium, a renowned platform dealing with verifiable AI agents, has announced its new collaboration with Three Protocol, a popular AI-led crypto eCommerce infrastructure provider. The main objective of this partnership is to advance the AI-led decentralized eCommerce with crypto. As disclosed by Inferium in its recent post on X, the mutual endeavor aims to make crypto an efficient, secure, and mainstream method for value transfers. Thus, this development attempts to enhance consumer and merchant experience in the Web3 ecosystem. We’re excited to partner with @ThreeProtocol, an AI-driven, cryptocurrency-based eCommerce tools designed to make crypto the worldwide, fraud-resistant form of payment.This…
Ethereum price found support near the $3,400 zone. ETH is now rising and might soon aim for a move toward the $3,800 zone. Ethereum started a fresh increase above the $3,440 and $3,550 levels. The price is trading above $3,550 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $3,620 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it remains supported above the $3,600 zone in the near term. Ethereum Price Eyes More Gains Ethereum price started a downside correction from the…
U.S. stocks edged higher on Monday as investors began the week on an upbeat note following last week’s sharp sell-off amid weak jobs data and tariff jitters. Summary Stocks rose on Monday as investors flipped upbeat following the sharp sell-off seen on Aug. 1. Dow added 300 points, while S&P 500 and Nasdaq edged higher. Global trade and U.S. economy concerns remain. The Dow Jones Industrial Average was up nearly 300 points, while both the S&P 500 and Nasdaq rose 0.8% and 0.95%, respectively, as Wall Street searched for fresh footing. Slight gains across the major indices came after equities…
In recent hours, some social media accounts have begun spreading false rumors that China has banned cryptocurrencies again. However, these claims are not based on official sources and contradict existing regulations. Here are four important facts about China’s cryptocurrency policies: Hong Kong is welcoming the cryptocurrency sector: Hong Kong, a special administrative region of China, has embraced cryptocurrencies as a pilot region. Local regulators continue to license crypto exchanges. Individual transactions are not prohibited: Individuals are not prohibited from buying or selling cryptocurrencies in China. Only financial institutions and companies are prohibited from offering cryptocurrency services. Personal cryptocurrency ownership is…
Crypto derivatives trading volumes on the Binance exchange surged to six-month highs in July, signaling increased trading activity and potentially more volatility in the wake of recent market swings. Binance futures trading volumes hit $2.55 trillion in July, the highest level since January, reported CryptoQuant analyst J.A. Maartun on Tuesday. “The jump in volume followed a month of sharp price moves in both Bitcoin and altcoins,” he said, referencing crypto’s all-time high market capitalization of $4 trillion that pulled back at the end of July. Other crypto derivatives providers, Bybit and OKX, also had strong activity, with $929 billion and…
Fundstrat co-founder and Bitmine Technologies CEO Tom Lee, who has made a name for himself with his bold predictions about Bitcoin and the market, made new statements. Accordingly, Tom Lee, who gave a big boost to Ethereum, argued that Ethereum will be the biggest macro trend in the next 10-15 years. Sharing from his X account, Lee stated that Wall Street’s financialization of blockchain and AI’s tokenization of robotic assets are positive for Ethereum. “….Ultimately, Ethereum will become one of the biggest macro trends in the next 10-15 years.” In his previous statements, Tom Lee predicted that Ethereum would rise…
Coinbase (COIN) has been downgraded to a sell rating by Compass Point, which also cut its year-end price target from $330 to $248, citing weaker-than-expected earnings and fading interest in crypto equities as key risks. COIN is trading modestly higher on Monday at $316 following last week’s earnings-related 18% plunge. “While we remain constructive on the current crypto cycle, we expect a choppy 3Q alongside weak August/September seasonality and waning retail interest in crypto treasury stocks,” analysts wrote. “We also expect increasing stablecoin competition to weigh on both COIN and CRCL’s valuations in 2H25.” Coinbase missed expectations for second-quarter results,…
The XRP community is on high alert as the Ripple vs U.S. Securities and Exchange Commission (SEC) legal battle moves toward what could be a decisive step on August 15. The date could mark the official end of the lawsuit that has loomed over XRP since 2020. However, despite excitement, there’s still confusion about the next steps and whether either side has dropped their respective appeals. In the days leading up to August 15, one Ripple supporter publicly asked CEO Brad Garlinghouse about the company’s legal approach. Specifically, the user questioned when Ripple dropped its countersuit against the SEC and…