Author: NBTC

Strategy’s (MSTR) first bitcoin sale since 2022 may have been tiny relative to its massive $58 billion holdings, but the market’s reaction could signal a broader shift in crypto markets, according to Standard Chartered’s head of digital asset research, Geoff Kendrick. In a note to clients, Kendrick pointed out that ether ($ETH) significantly outperformed bitcoin on the day the sale was announced, despite broader weakness in crypto prices. Since Monday, $ETH has appreciated 5% relative to $BTC. Among sessions when bitcoin declined, the move ranked among the largest $ETH-versus-$BTC gains since the start of 2024, he noted. “I see [Monday]…

Gemini Space Station Inc’s (GEMI) shares jumped more than 25% in pre-market trading despite recording a net loss of $109 million in the first quarter of 2026. The crypto exchange founded by the Winklevoss twins’ revenue improved 42% year-over-year to $50.3 million, according to Gemini’s latest earnings report. This helped narrow its net loss by 27% from $149.3 million a year earlier. However, the $109 million loss, or 93 cents per share, still missed analysts’ estimates of a 61-cent loss. Gemini has been on an ongoing streak of unprofitable periods as the firm spends to transform its business model. Heavy…

Venice Token [$VVV] remains among the artificial intelligence-focused tokens that have continued to attract strong investor capital in recent weeks, especially as Venice AI expands its product into real-world partnerships. However, the gains have also triggered backlash over the project’s tokenomics structure. Critics across the market have questioned the dual-token approach, arguing that it could become a long-term liability for Venice Token [$VVV]. Converging capital flows support rally There has been a notable convergence in buying activity across both the spot and perpetual markets for $VVV, suggesting aligned demand that continues to strengthen the asset’s market structure and bullish momentum.…

Hyperliquid ($HYPE), a decentralized trading platform that began as a crypto perpetual futures exchange less than three years ago, is increasingly being viewed by Wall Street analysts as a broader financial infrastructure play that could challenge parts of traditional exchanges and derivatives markets. In a new report, Grayscale described Hyperliquid as a fast-growing blockchain-based platform that generated roughly $800 million in revenue in 2025 while capturing meaningful market share in crypto perpetual futures, one of the largest segments of digital asset trading. “Hyperliquid is not directly comparable to another project in either crypto or traditional finance,” Grayscale wrote. “If it…

DTCC’s decision to connect its upcoming tokenized securities platform to the Stellar (XLM) network is the latest step in a relationship that stretches back nearly a decade, according to Stellar Development Foundation CEO Denelle Dixon. Earlier this week, DTCC said tokenized assets held through its Depository Trust Company could become available on Stellar beginning in the first half of 2027. The move carries weight because DTCC is one of Wall Street’s core market utilities, overseeing more than $114 trillion in assets. The Stellar integration is designed to support the issuance, settlement and lifecycle management of tokenized securities, while opening the…

Michael Saylor, founder of Strategy, stated that he believes Bitcoin’s long-term return will outperform the S&P 500 index. In his assessment, Saylor argued that Bitcoin has the potential for approximately 30% annual growth, offering higher return opportunities compared to traditional financial instruments. According to Saylor, converting earnings from Bitcoin investments into tax-deferred loan dividends could provide investors with higher returns than money market funds. Saylor stated that this model is particularly attractive for institutional investors, adding that Bitcoin has become not only a store of value but also a fundamental building block of the next-generation financial system. Strategy has been…

Ethereum News Ethereum may be entering a phase of sustained outperformance versus Bitcoin, according to Standard Chartered’s Global Head of Digital Assets Research Geoffrey Kendrick. After Strategy disclosed that it sold 32 bitcoin during the final week of May — a token amount relative to its 843,706 $BTC stack — Kendrick framed the market reaction as a potential turning point, describing the move as the start of $ETH outperformance versus $BTC. He noted that bearish bitcoin sessions historically produce few comparable $ETH-$BTC upside moves: since the start of 2024, only 23 sessions delivered larger $ETH-$BTC topside moves on a bitcoin…

Disclosure: The author of this story owns shares in Strategy (MSTR).Strategy (MSTR), the world’s largest corporate holder of bitcoin, has agreed to repurchase approximately $1.5 billion of its outstanding 0% Convertible Senior Notes due 2029 in privately negotiated transactions with certain noteholders, according to a filing released Friday morning. The company expects to pay roughly $1.38 billion in cash for the notes, implying a discount to par value. The 2029 convertible notes were originally issued in November 2024 with a 0% coupon and $3 billion notional size. The debt matures on Dec. 2, 2029 and carries a conversion price of…

Blockchain analytics firm Onchain Lens reported that 1.46 million Ethereum Name Service ($ENS) tokens, valued at approximately $9.32 million, were deposited to the Binance exchange roughly three hours ago. The tokens were unlocked from an $ENS timelock contract prior to the transfer. What the Onchain Data Shows The movement was detected by Onchain Lens’s monitoring systems, which track large wallet activities and smart contract interactions. According to the data, the $ENS tokens were first released from a timelock contract—a type of smart contract that enforces a delay before funds can be accessed—and then moved in a single transaction to a…

The crypto market is struggling, competitors are either passing through hard times or pivoting to other areas, while Binance is building with eyes on increasing its active user base ten-fold to 3 billion by 2030, Catherine Chen, the head of VIP and Institutional told CoinDesk in an interview. “It is true, the market is going through a hard time,” Chen said. “There is still some regulatory development, we are seeing some of our competitors either struggling or perhaps shifting their focus.” Coinbase, for example, recently reduced its workforce by 14% or nearly 700 staffers, citing negative market conditions as well…