Author: NBTC

SkyBridge Capital founder Anthony Scaramucci agreed with Peter Schiff’s concerns on Tuesday about soaring U.S. debt and inflation, but favored Bitcoin over gold as the solution. Scaramucci Concerned Over US Financing Needs Scaramucci took to X to break down Schiff’s blog post on America’s fiscal outlook, highlighting elevated deficits and interest burdens. Scaramucci said Schiff’s annualized government borrowing figures are overstated, though the real number—$2.5 trillion, by his count—is “still enormous outside a recession.” The national debt has soared to $39.89 trillion, while the deficit has swelled to $1.366 trillion as of this writing. The U.S. debt-to-GDP ratio was about…

Michael Burry, a former American hedge fund manager and investor known as ‘The Big Short,’ has revealed some new stock portfolio updates, doubling down on his bearish outlook. As revealed in an August 4 Substack post, Burry exited his long position in Microsoft (NASDAQ: MSFT), closed his short position in Oracle (NYSE: ORCL), and covered his January 2026 short on Palantir (NASDAQ: PLTR). Furthermore, he rolled his Nvidia (NASDAQ: NVDA) short position to June 2027 and extended his short on the Invesco QQQ Trust ETF (NASDAQ: QQQ) to February 2027. Currently, the investor also continues to hold short positions in…

TRON has implemented a significant update to improve its technical infrastructure. According to a statement from TRON, GreatVoyage v4.8.2 (Pyrrho) is now officially available. The new version enhances compatibility with the Ethereum ecosystem while also including various improvements in smart contract execution performance, node management, and network monitoring capabilities. With the released update, the TRON Virtual Machine (TVM) has been made more compatible with Ethereum’s Pectra and Osaka upgrades. Additionally, the CLZ (Count Leading Zeros) command has been added for developers, and a new precompiled function for secp256r1 digital signature verification has been introduced. These improvements aim to facilitate the…

$XRP wallet activity across major exchanges, including Coinbase, Binance and Crypto.com, has dropped to negative territory. $XRP has continued to trade under pressure over the past few days. Notably, the token trades within the $1.05 to $1.08 range as sellers keep the market on the defensive. While the price has struggled to gain momentum, new on-chain data shows that Coinbase, Binance, and Crypto.com have moved into negative $XRP wallet territory. This indicates that more wallets are withdrawing $XRP than depositing it. Coinbase Records the Deepest Drop in $XRP Wallet Activity The latest on-chain figures show that $XRP withdrawal wallet activity…

Bitcoin miner HIVE Digital Technologies missed the Aug. 10 deadline for its quarter-ended-June 30 Form 10-Q even as preliminary revenue climbed to approximately $79 million. In an Aug. 11 late-filing notice, the firm said the delay relates exclusively to the accounting and disclosures for contested Swedish value-added tax assessments, and that it expects to file within the Rule 12b-25 extension period. HIVE said recent developments in the Swedish proceedings increased the probability that it would record a noncash accrual. It needs more time to decide the accounting amount and finish the related financial statements and disclosures. Until that amount is…

Canton Network solves a problem that has kept most banks off public blockchains: it lets multiple institutions record and settle the same transaction on shared infrastructure while each party sees only the portion of that transaction it is actually involved in. This is called sub-transaction privacy, and it is the core reason banks such as JPMorgan, Goldman Sachs, and DTCC now run live workflows on Canton instead of a private, closed-off ledger. What Is Sub-Transaction Privacy? On a public blockchain like Ethereum, every node stores every transaction. That works for open finance but fails for banks, which cannot let competitors…

Strategy said it held 840,447 $BTC as of Aug. 9 and has begun treating its Bitcoin reserve as a source of balance-sheet flexibility. Michael Saylor said Strategy sold $108 million in Bitcoin and $653 million in MSTR shares to increase its dollar reserve by $650 million, and repurchased $109 million of STRC, its variable-rate preferred stock. The timing aligns the three moves without proving that each dollar from the Bitcoin sale directly funded the repurchase. Strategy is also willing to convert a small portion of its $BTC into liquidity while supporting a capital structure whose dividends and interest are measured…

Galaxy Digital (NASDAQ: GLXY) and TeraWulf (NASDAQ: WULF), two pure play Bitcoin miners to have made the AI pivot, saw contrasting fortunes as both firms turned in their respective scorecards for the second quarter of 2026 on August 5. Both firms’ relatively nascent AI data center businesses did a lot of the heavy lifting in the Q2 results, which were released before markets opened Wednesday. TeraWulf’s profits set it up for a pre-market run while Galaxy’s loss set off a slide that has grown to almost 7%. How did markets react to Galaxy’s Q2 earnings report? Investors were not impressed…

Cardano founder Charles Hoskinson has emphasized that Midnight’s long-term fundamentals remain strong despite the recent Wanchain bridge exploit that briefly rattled the market. In a post on X, the Cardano founder said Midnight continues to hold significant fundamental value and revealed that the project has a roadmap packed with major upcoming developments. He also praised the ecosystem’s technology, commercialization strategy, and leadership team. “There is fundamental value in Midnight, and we have some huge things coming for Midnight. It’s an incredible ecosystem with wonderful technology, commercialization, and leadership,” Hoskinson stated. However, Hoskinson did not reveal details about the upcoming initiatives…

U.S. Senator Rick Scott (R-FL) is pressing his colleagues to advance the CLARITY Act, a piece of legislation aimed at establishing a clearer regulatory framework for digital assets. In a recent interview with Fox Business, Scott emphasized his commitment to the bill and urged fellow senators to continue negotiations to secure its passage. What is the CLARITY Act? The CLARITY Act, which stands for Clear Legislation for Authorization and Regulation of Digital Assets, is designed to address the fragmented regulatory landscape for cryptocurrencies in the United States. The bill seeks to define which federal agencies have jurisdiction over digital assets,…