Author: NBTC

Cantor Fitzgerald has lowered its price target on Strategy (formerly MicroStrategy) to $186 from $212, while maintaining an Overweight rating on the stock. The adjustment reflects a more conservative near-term outlook for Bitcoin, the company’s primary treasury asset, according to a note from Walter Bloomberg. Why the price target was cut The investment bank revised its Bitcoin price forecast down to $98,000 from $111,000, a move that directly impacts its valuation of Strategy, which holds a significant Bitcoin reserve. Despite the reduction, Cantor Fitzgerald still views the company’s long-term trajectory positively, expecting the par value of its convertible notes to…

Solana News A Solana meme coin inspired by a viral Seattle raccoon has surged 186% in a single day, pushing its market capitalization to roughly $11 million. Jimothy The Raccoon (JIMOTHY), launched this week by anonymous developers, drew traders within hours of its debut on the Solana network. The token belongs to the fast-moving altcoin segment, where narrative and social momentum rather than fundamentals drive early price discovery. Live market data confirms the sharp move, though the asset remains a micro-cap relative to Solana’s established projects. The rally underscores how quickly online attention now converts into on-chain speculation across the…

An affiliate of a political action committee (PAC) funded largely by contributions from cryptocurrency companies Ripple Labs and Coinbase has poured more cash into ads for next week’s primary race in Michigan’s 13th Congressional District. According to Federal Election Commission (FEC) filings as of Thursday, the Protect Progress PAC had spent more than a combined $2 million on media to support Michigan Representative Shri Thanedar in the state’s 13th district and oppose his Democratic challenger, Donavan McKinney. The most recent filings effectively doubled what the PAC had reported spending a week prior, with an additional $884,240 on ads to support…

A significant transfer of 2,628 Bitcoin, valued at approximately $164.9 million, recently took place from Crypto.com to an unknown wallet. This movement has drawn attention from market participants, especially given the context of recent whale activity in the cryptocurrency space. As traders analyze this transfer, it raises questions about potential implications for market liquidity and sentiment. source The Latest Bitcoin is currently trading at around $63,000, with a market capitalization nearing £958 billion. The recent transfer from Crypto.com marks a notable event, as large movements of Bitcoin can influence market sentiment and signal potential shifts in trading dynamics. Such transactions…

As Bitcoin surpassed $65,000 during the day, CryptoQuant CEO Ki Young Ju offered new insights regarding $BTC. At this point, Ki Young Ju stated that the relationship between Bitcoin and gold has begun to strengthen again. According to Ju, the relationship between $BTC and gold has returned to the levels seen during the period when Bitcoin was considered ‘digital gold’. Is Bitcoin Returning to the Era of “Digital Gold”? CryptoQuant CEO X published a chart from their account showing the 90-day Pearson correlation coefficient between Bitcoin and gold. According to the shared CryptoQuant data, the correlation quickly recovered and rose…

Intesa Sanpaolo, Italy’s largest banking group, cut the underlying-share amount of its reported iShares Bitcoin Trust ETF call position by 99.3% in the second quarter, while a 500,000-share-equivalent held put row appeared and its staked Ethereum ETF balance roughly tripled. The changes mark a reset in the Italian bank’s disclosed quarter-end crypto ETF positions. They do not, by themselves, show that Intesa adopted a net bearish Bitcoin strategy. The bank’s July 31 Form 13F captures positions held on June 30. Its May 15 filing provides the March 31 comparison point, making the figures quarter-end snapshots rather than a record of…

Shiba Inu layer 2 Shibarium saw an uptick in daily transaction count heading into the weekend, sparking optimism following a period of stagnation on the network. Shibarium daily transactions rose from 939 on July 16 to 2,960 on July 17, a 216% increase. This wouldn’t be the first time this week Shibarium has seen such an uptick in transactions. Shibarium saw a 322% surge when transactions rose from 759 on July 14 to 3,210 on July 15 before retreating. A similar trend was seen when transactions rose 361% on July 10, according to Shibariumscan. The recent rise suggests an increase…

Starting Aug. 1, Louisiana users may cancel a virtual-currency-kiosk transaction made on or after that date and demand a full refund at any time if the machine’s owner or operator was unlicensed when the transaction occurred. Act 482 puts the cost of an eligible refund on the operator. Eligibility depends on the operator’s license status when the transaction occurred, so the provision does not cover every kiosk payment. The act separately preserves Louisiana’s general rule requiring an operator to hold a transaction for 72 hours or allow the user to cancel within 72 hours for a full refund. The measure…

South Korea’s largest cryptocurrency exchanges, Upbit and Bithumb, have seen a significant increase in trading volume for some altcoins. Combining data from the past 24 hours, the total trading volume for the most popular altcoins reached approximately $347.7 million. MetaDAO (META) topped the trading volume ranking. META’s 24-hour trading volume on Upbit alone was recorded at $65.84 million, accounting for 12.39% of the exchange’s total spot volume. Euler (EUL) ranked second with a total volume of $47.65 million across two exchanges. Of the EUL transactions, $44.28 million occurred on Upbit, and approximately $3.38 million on Bithumb. $XRP, which traditionally attracts…

BlackRock Canada launched two exchange-traded funds Monday, including a portfolio that combines globally diversified equities with a 3% allocation to Bitcoin. The two funds, which began trading on the Toronto Stock Exchange, are the iShares Equity + Bitcoin ETF Portfolio (IBQT) and the iShares Core MSCI All-International Equity Index ETF (XINT). IBQT allocates 97% of its portfolio to Canadian, US, international and emerging-market equities and 3% to Bitcoin (BTC) exposure through BlackRock’s Canadian iShares Bitcoin ETF (IBIT), which trades on Cboe Canada. Rather than investing in individual stocks, IBQT primarily holds other iShares ETFs to provide its equity and Bitcoin…