Author: NBTC

Bitcoin pulled back from Sunday highs as renewed military conflict between Iran and Israel sent Asian stocks, including South Korea’s Kospi index, sharply lower. The leading cryptocurrency by market value traded at around $62,900 at 4:00 UTC, having hit a high of $63,776 late Sunday, according to data source CoinDesk. WTI crude oil futures jumped over 3% to $93.50 as Iran and Israel traded airstrikes, ending the recent fragile ceasefire that had calmed energy markets. U.S. President Donald Trump called for restraint and said he has requested Israeli Prime Minister Benjamin Netanyahu “not to retaliate”. “I am going to call…

Despite recent market downturns, IOG CEO and founder Charles Hoskinson maintains that Cardano still has a clear path to success. Speaking during a recent livestream, Hoskinson argued that the network’s long-term future will not depend solely on its protocol or $ADA token. Instead, he emphasized that Cardano’s success ultimately rests on the commitment of its community. According to Hoskinson, the ecosystem remains highly adaptable and can evolve as market conditions change. Cardano Can Reinvent Itself and Continue Growing: Hoskinson Hoskinson stressed that neither Cardano’s technology nor its branding is fixed. He noted that the ecosystem can upgrade its protocol, introduce…

Binance has introduced a product for bitcoin $BTC$63,081.64 holders looking to earn extra yield on their investment without selling any of it, joining the likes of BlackRock in helping them maximize returns. The product, $BTC Yield, is available inside Binance Earn and is designed exclusively for people who already hold bitcoin. Users deposit their bitcoin into the product and receive an internal position called BTCY, which tracks their share in the strategy. Everything remains denominated in $BTC, and the product cannot be funded with stablecoins or other assets. Binance holds the deposited bitcoin as collateral while systematically selling $BTC call…

Hong Kong-listed company CIMG has acquired 208 Bitcoin, valued at approximately $13.5 million, according to a report by Bitcoin Magazine. The purchase adds to a growing trend of publicly traded firms in Asia diversifying corporate treasuries with digital assets. Details of the Acquisition The transaction, executed at an average price of roughly $64,900 per Bitcoin, was disclosed through company filings and confirmed by multiple sources. CIMG, which trades on the Hong Kong Stock Exchange, has not yet publicly detailed its long-term crypto strategy, but the move signals a significant allocation of capital into Bitcoin as a reserve asset. Corporate Bitcoin…

Staking locks your crypto and earns yield. Liquid staking hands you a tradeable receipt for that locked position, so the same capital can earn twice. It is one of DeFi’s largest markets, and it comes with a specific danger most guides skip: the receipt can trade below what it represents. Here is how liquid staking tokens work, and where the risk actually lives. Table of Contents The problem liquid staking solves Two designs: rebasing and value-accruing How the peg holds, and how it breaks How the yield actually stacks The concentration problem The leverage stack, and why it magnifies everything…

Blackstone has capped withdrawals from its flagship private credit fund after investor redemption requests surged in the second quarter. The move highlights liquidity concerns across the private asset industry. The asset management giant limited repurchases from its $79 billion Blackstone Private Credit Fund (BCRED) to 5% of shares. Investors had sought to redeem about 10% of the fund during the quarter. The decision comes only months after BCRED experienced a then-record redemption request rate of 7.9% in the first quarter. That represented roughly $3.8 billion in withdrawal requests. BCRED is a non-traded private credit fund that mainly invests in private…

Sui’s development team, Mysten Labs, stated in their assessment of the project’s future roadmap that Sui’s long-term goal is to build a fundamental blockchain infrastructure that supports global value flow. The team stated that their goal is to create a structure over the next decade where payments, financial asset transfers, and transactions between AI agents and machines can be carried out quickly and efficiently on the same network. According to Mysten Labs, their core goal is to enable “value to flow as freely as information.” To this end, Sui’s infrastructure and protocol design are continuously being developed to enable faster,…

South Korea’s leading cryptocurrency exchanges, Upbit, Bithumb, and Coinone, have announced they have added the Solana-based memecoin Bonk ($BONK) to their delisting watchlist. This decision raises questions about $BONK’s future in the South Korean market and serves as a significant risk warning for investors. Exchanges have announced that $BONK has been added to a “delisting watchlist.” Such lists typically indicate that the asset will be more closely examined in terms of its project structure, market performance, liquidity, regulatory risks, or investor protection. The review process may result in the token continuing to be traded, or it may be delisted entirely…

Authorities in Malaysia have intensified a nationwide crackdown on illegal cryptocurrency mining, seizing more than 75,000 devices across over 3,000 raids since 2022. Deputy Minister of the Interior, Datuk Seri Dr. Shamsul Anuar, announced in Malaysia’s Dewan Rakyat that 629 individuals were arrested over the same period, highlighting the extensive nature of unauthorized activities. How Authorities Are Tackling Electricity Theft in Mining The collaborative efforts involve Malaysia’s Royal Police, the national electricity company Tenaga Nasional Berhad (TNB), and local authorities, specifically targeting illegal practices like electricity theft and power meter tampering. These investigations aim to disrupt operations that alter electricity…

Canadian billionaire Frank Giustra has once again taken aim at the Bitcoin maximalist movement. SkyBridge Capital founder Anthony Scaramucci and Strategy’s Michael Saylor are the most recent targets to come under fire. The Mark Twain warning Earlier today, Scaramucci took to social media to make it clear that he continues to ride with Saylor. Giustra responded with a quote from Mark Twain: “If you’re riding ahead of the herd, take a look back every now and then to make sure it’s still there.” This quote is a warning regarding the dangers of blind allegiance and echo chambers. Giustra implies that…