Author: NBTC

The corporate Bitcoin landscape is currently dominated by a single, aggressive playbook. Companies following this model rely almost exclusively on capital markets and financial engineering—issuing debt, preferred stock, and common equity at premiums—to turn their corporate balance sheets into amplified, high-beta proxies for Bitcoin. Now, Orange Juice, a firm launched by partners at ego death capital, is introducing a brand-new corporate strategy to the mix. Rather than acting as a financial engineering vehicle reliant on capital markets, Orange Juice plans to acquire profitable American businesses, hold them indefinitely, improve their operations, and direct part of their excess cash flow into…

BisonFi has established itself as the dominant automated market maker (AMM) on Solana, holding this position for 25 consecutive weeks. This significant achievement, highlighted by the influential commentator @SolanaFloor, reflects a notable shift in the market dynamics of Solana’s decentralized finance ecosystem. As the competition evolves, this trend could influence future trading strategies and investor interest. Breaking It Down The recent report from @SolanaFloor indicates that BisonFi, backed by Jump Trading, has successfully maintained its lead in Solana’s AMM market by volume for an impressive 25 weeks. In contrast, Humidifi, which previously controlled over 65% of the market share, has…

Polygon is prepping for the next crypto market bull cycle with an aggressive $POL deflationary plan. In a post on X on Friday, Polygon Foundation CEO Sandeep Nailwal announced the project will permanently burn 100M $POL tokens, citing impressive protocol revenue. Polygon is printing revenue. $24.5m YTD. We are deploying a change that lets anyone in the community trigger its burn. Nailwal noted the proposal is now awaiting the final Security Council sign-off to be implemented. Following the same, there will be manual quarterly burns. Polygon’s base fees add $POL to its collector wallet. According to Nailwal, the collector currently…

If the bill survives this week’s cloture vote, it’ll keep the legislative process going but there will be additional votes, including a final passage vote. The House of Representatives will also need to take up the bill when it returns from its recess after the election in November. The ethics provision also includes civil penalties for the issuer and, in a change from the previous draft, allows state attorneys general to bring lawsuits to enforce it. The new bill also gets rid of a previous sunset provision for enforcement. “Not later than the effective date of division C of the…

Backpack Securities has officially launched $WEN on the Solana blockchain, as revealed in a recent tweet from Crypto Twitter. This new token could catalyze significant trading activity and further enhance Solana’s rapidly growing ecosystem. The launch signals a potential shift in trading dynamics, particularly in the derivatives market, which has been gaining traction recently. Inside the Move The crypto market is currently in an aggressive trading phase, and the introduction of $WEN on Solana could amplify this momentum. The recent surge in trading volume on Solana, particularly in the derivatives space, reflects a growing confidence among traders. As Solana continues…

Leveraged funds, a CFTC category that includes hedge funds and other money managers, increased their combined net short across four regulated Bitcoin futures markets by 1,668 $BTC in the week to Sept. 8. The $BTC-normalized position widened to 39,876 $BTC net short from 38,208 $BTC a week earlier, according to CFTC futures-only data. The calculation covers CME’s standard and micro Bitcoin futures and Coinbase Derivatives’ nano and nano perpetual-style contracts, using each market’s stated Bitcoin multiplier. The aggregate measures futures exposure alone, leaving the split between outright bets and hedges unresolved. CME’s five-$BTC contract supplied most of the shift. Leveraged…

Pendle has officially launched its PT Looping feature, significantly enhancing the trading process for its users. This new functionality allows for one-click transactions, drastically reducing the time and effort involved in supplying, borrowing, and swapping tokens. The innovation is expected to attract more users and increase trading activity on the platform, as highlighted in a recent tweet by Pendle. What Went Down In the context of a mixed sentiment across the broader crypto market, Pendle’s PT Looping launch arrives as a timely enhancement. The feature aims to simplify transactions that previously required considerable manual effort. With the ability to execute…

Arthur Hayes, a prominent crypto trader, recently revealed a bullish price target for $ENA at $0.50. He bought 25.33 million $ENA for $5.53 million a month ago, currently holding an unrealized profit of $3.28 million. This move may draw interest from other traders looking to capitalize on the potential price surge, as detailed in a recent tweet from Lookonchain. What Happened The broader crypto market is currently experiencing mixed signals, with individual assets showing varying momentum. Hayes’ bold prediction comes at a time when traders are closely monitoring market dynamics. His significant purchase of $ENA not only highlights his bullish…

What is the proper role for a policymaker in setting rules for a rapidly developing technology? Too often, policymakers move slowly and the technology develops before proper rules can be put in place. And to be fair, legislation that puts guardrails around new technology without stunting its growth, while also protecting consumers, is not easy. But when a good-but-not-perfect bill is on the table to do just that, Congress should seize the opportunity and vote yes. That is exactly where we are on the eve of the Senate vote on Clarity. When FTX collapsed in November 2022, I was a…

Grindr’s tokenized stock has made a significant impact, generating $31 million in trading volume on Solana within just 24 hours. This surge in activity, nearly twice its NYSE volume, is being highlighted by crypto commentator @SolanaFloor. As Solana continues to innovate in the tokenized asset space, this development could signal a broader acceptance of such trading within the crypto ecosystem. Breaking It Down Solana is increasingly becoming a hub for innovative financial products, as evidenced by the recent trading activity surrounding Grindr’s tokenized stock. The reported $31 million in volume in less than a day underscores Solana’s ability to attract…