Author: NBTC

The Ethereum ETF race is quickly becoming a fee fight. Grayscale’s disclosure of a 0.15% sponsor fee for its Ethereum Mini Trust puts real pressure on the rest of the issuer field, especially as investors compare products that will all be competing for the same basic exposure. That is a big shift from the earlier phase of the story. For months, the market mostly cared about whether spot Ethereum ETFs would get across the regulatory line at all. Now the question is how those products will compete once they are on the other side. For more details, visit the official…

DeFi risk management and blockchain infrastructure firm Gauntlet has raised $125 million in a Series C funding round led by Japan-based financial services group SBI Holdings, marking the company’s largest financing since it was founded in 2018. The SBI Holdings investment was completed in June, according to company announcement. Financial terms beyond the funding amount, including Gauntlet’s latest valuation. The company previously raised nearly $24 million in a Series B round in 2022, led by Ribbit Capital, at a reported valuation of approximately $1 billion. The latest financing comes as institutional investors continue directing capital toward infrastructure companies that support…

An abnormal capital rotation has been recorded inside the $XRP Ledger, with the volume of payments between autonomous AI agents in $XRP rising by 77%, while the turnover of Ripple USD ($RLUSD), the dollar stablecoin, declined by 32%, according to the new hub from t.54. The movement of funds coincided with anomalous activity from the financial protocol ClawBank, whose 67 connected services processed 7,630 transactions over the past 24 hours. Before this daily spike, the project had accumulated only 8,469 operations over its entire lifetime, meaning the system generated around 90% of its historical activity in just one day, choosing…

Coinbase Chief Legal Officer Paul Grewal said he is leaving the company after six years, ending a tenure that spanned the exchange’s public listing, its legal fight with the SEC, and its push for crypto legislation in Washington. After 6 years I’m leaving @Coinbase. I’ll be transitioning to an advisory role at the end of the month and continue my service on the Board of Coinbase National Trust Company. I will be a Coinbase ally for life and am grateful to @brian_armstrong, @emilemc and the Coinbase board… — Paul Grewal (@iampaulgrewal) July 9, 2026 Grewal said he will transition into…

perpetual futures linked to gold, foreign exchange, and energy markets. The expansion marks the company’s next step after launching U.S.-regulated crypto perpetual futures in May. Besides broadening its product lineup, Kalshi aims to attract both retail and institutional traders while challenging established exchanges and competing more directly with Robinhood in the fast-growing derivatives market. Gold, FX, and Energy Lead Expansion Plans Chief Risk Officer Udesh Jha said investor demand continues to shape Kalshi’s roadmap. Consequently, gold ranks among the top priorities because it appeals to everyday traders. The company also plans to pursue foreign exchange and energy contracts, citing strong…

Using that approach, the firm said Applied Digital (APLD), TeraWulf (WULF) and Cipher Mining (CIFR) appear to offer the largest disconnect between their contracted business and current valuations. In each case, Compass Point argues the market is assigning little, if any, value to additional AI capacity that has yet to be leased, despite the potential for those projects to generate significant rental income once completed. Core Scientific (CORZ) and Riot Platforms (RIOT) stand out for different reasons. Compass Point said Core Scientific’s existing contracts are already largely reflected in its valuation, meaning further upside will likely depend on signing new…

Robinhood Chain (@RobinhoodCrypto) climbed to nearly $79 million in total value locked in its first eight days, up almost 69% in the past 24 hours, a strong start for a blockchain that a brokerage only switched on July 1. It also turned into something Robinhood did not plan for: a memecoin playground. The chain is pulling real liquidity and real attention, just not only in the shape the launch pitch suggested. What Is Robinhood Chain? Robinhood Chain is Robinhood’s (@RobinhoodApp) own Ethereum Layer 2, built on the Arbitrum Orbit stack and settling back to Ethereum for security. It uses $ETH…

The recent upward trend in the cryptocurrency markets and Bitcoin’s rise above its 200-day moving average have once again raised the question among investors: “Has the bottom been left behind?” Mike, an analyst at the crypto analytics firm The DeFi Report (TDR), warned in his latest video analysis that a cautious approach should be taken to the current bull run, examining the market structure and on-chain data metrics. Despite Bitcoin recently rising 10% from its lows and challenging resistance levels, TDR analyst Mike estimates a 65% chance of seeing a lower low (below $58,000) in the market. He suggests the…

Ethereum Institutional is led by David Walsh, Matthew Dawson and Marius Smith, whose backgrounds span traditional finance, technology and crypto. Walsh and Dawson previously worked on the Ethereum Foundation’s enterprise engagement team, while Smith joined after senior roles at Google and EigenLayer developer Eigen Labs. “We’ve built up around 500 relationships over the course of the year, and what’s consistently come back was that they appreciate having a neutral counterpart,” Dawson told CoinDesk in an interview. “There’s thousands of teams in the Ethereum ecosystem… the feedback sometimes has been, ‘This is overwhelming.'” The organization is designed to fill what its…

STRC by Strategy (formerly MicroStrategy) is now offering investors more than 28% upside potential if it returns to par and pays its dividends over the next year. But investors keep selling it anyway. Over the last week, STRC has declined 2% and is down 11% in 30 days. These sales in the face of Strategy’s generous offer are votes of diminishing confidence in management, including founder Michael Saylor. As of today, STRC was paying a 12% annualized dividend at full par value of $100 yet was on sale for under $86 per share. If that stock returns to Strategy’s intended…