Author: NBTC

Companies that strategically hold Bitcoin and Ethereum are now trading at a discount to their net asset value (NAV), according to a new analysis from 10X Research. The research firm suggests this undervaluation could present a fresh opportunity for investors, drawing a parallel to the Grayscale Bitcoin Trust (GBTC) discount seen in late 2022. Understanding the NAV Discount 10X Research compared the current situation to December 2022, when GBTC traded at a 47% discount to its NAV. At that time, investors could effectively buy Bitcoin at under $10,000 per coin through the trust, a discount that vanished after its conversion…

Cardano founder Charles Hoskinson has argued that the blockchain has the potential to become the foundational operating system for the entire globe. In a recent video broadcast, Hoskinson asserted Cardano’s ultimate mission is to solve a multi-trillion-dollar global trust crisis. Hoskinson has argued that the main problem plaguing modern society and global commerce is relying on centralized institutions. “The cost of establishing trust on a global basis is in the hundreds of billions for just the well-regulated financial markets,” Hoskinson explained. “The goal of our entire industry is to shrink or remove all of these third parties on a global…

The U.S. Senate’s Digital Asset Market Clarity Act draft is still open to changes on a number of big-ticket items that include its government-ethics section, Senator Cynthia Lummis, one of the lead negotiators on the bill, said about the effort that’s “finally” getting closer to passage with the release of the text. The Senate’s Judiciary, Ethics and Intelligence Committees all had input into the bill, Lummis told CoinDesk on Wednesday, and while the process has “been very difficult,” the bill is ready for additional feedback. “It’s time to show everyone the fully integrated bill that we will be voting on,…

Institutional crypto trading platform Talos has integrated with Kalshi, allowing select clients to trade the prediction market operator’s event contracts and crypto perpetuals through the same infrastructure they already use for digital assets, eliminating the need for a separate connection. Talos will offer algorithmic order types including Iceberg, TWAP and POV, along with multi-leg execution for perp-to-perp and perp-to-spot spread trades. The company said institutional clients will also be able to execute block trades in Kalshi contracts through its request-for-quote platform using participating over-the-counter liquidity providers. Later this year, Talos plans to extend its dealer software to brokers and trading…

Following a merger of Ethereum’s [$ETH] Layer 1 (L1) and Layer 2 (L2) into one holistic roadmap, the scaling upgrades seem to be working. For instance, Pectra Upgrade expanded L2 blob throughput, while Fusaka Upgrade increased data availability by 8x. That is not just heresy. It is backed by the recent on-chain data. Here are the details: Peak usage meets minimal cost—what does it mean? Overlaying the cost of transactions with the number of activities on the blockchain is a powerful tool for assessing whether the scaling upgrades are working. The weekly transaction count on Ethereum is at an all-time…

The company behind DeFi aggregator Odos will permanently wind down its operations this month. The protocol’s app is moving to read-only mode on July 27 before shutting down entirely on July 30. In announcing the decision, the team stressed that Odos is a non-custodial platform, meaning users’ assets remain on-chain and under their control. It also clarified that the ODOS token and the Odos DAO will continue to exist independently of the operating company. Odos sets July 30 shutdown date According to the announcement, existing users can continue swapping tokens and closing positions until July 30. However, new account registrations,…

BNBPlus (BNBX), a Nasdaq-listed company pursuing a strategic accumulation of $BNB tokens, announced on May 27 that it has secured $4.1 million through an issuance of convertible preferred stock. The funding round included participation from digital asset institutional investors Comstock Multichain Fund and Off The Chain LP, signaling continued institutional interest in publicly traded vehicles with direct cryptocurrency exposure. Strategic Capital Raise Details The company stated in a press release that proceeds from the convertible preferred stock issuance will be allocated toward expanding its digital asset reserves and providing working capital for ongoing strategic reviews. BNBPlus has positioned itself as…

The $XRP Ledger real-world asset market has quietly exploded over the past year, growing from roughly $50 million to more than $5 billion. Now, one Ripple executive says the next phase of growth could be dramatically larger. Speaking in a recent interview, Ripple executive Luke Judges argued that the industry is moving beyond tokenization experiments and into real financial infrastructure. According to him, Ripple is now having conversations with institutions about settlement systems and asset issuance at a scale that could dwarf what currently exists on-chain. “We’ve gone from like $50 million in RWAs to $5.1 billion,” Judges said. “That’s…

The US House of Representatives has once again put in motion the effort to restrict stock trading amongst lawmakers but the discussion has since shifted to cryptocurrency. The Associated Press in reporting the latest development indicate that the legislators are split on whether the prohibition should extend to digital currencies because of the direct impact it may have on a sector that contributed considerably to the campaign coffers of politicians vying for office in 2024 as well as a number of incumbents holding crypto. The main issue is no longer whether stricter ethics regulations are appropriate for politicians, but rather…

Coinbase has expanded plans for its “Everything Exchange” into Canada, bringing tokenized stocks, traditional financial products, and blockchain-based services closer to one platform for local users. BNN Bloomberg reported that Coinbase is preparing to introduce its “Everything Exchange” strategy in Canada, a move that would extend the crypto exchange beyond digital asset trading and into a platform where customers can manage multiple financial products from a single application. Eric Richmond, country director and chief executive officer of Coinbase Canada, told the outlet that the company’s first stage in the country focused on building a regulated crypto exchange. The next phase,…