Author: NBTC

From mining rigs to AI infrastructure The treasury update lands as Hyperscale Data completes a pivot away from Bitcoin mining. The company earlier stopped Bitcoin mining at its Michigan site and, through its Alliance Cloud Services subsidiary, entered a long-term master services agreement tied to deploying AI infrastructure at the same facility. Through its Sentinum unit, Hyperscale Data owns and operates data centers offering colocation and hosting for AI ecosystems, while another subsidiary, Ault Capital Group, runs a broader private-equity and operating-company business across digital assets and other sectors. The public-company Bitcoin treasury playbook Hyperscale Data is one of a…

By the Numbers Currently, the market shows mixed signals across various assets, with Pendle’s PPLUS strategy poised to capitalize on this evolving landscape. While the volume metrics for Pendle are not reported, the interest surrounding RWA strategies continues to grow, as seen with the recent developments in the market. Investors should monitor how PPLUS performs in the context of broader economic indicators and market sentiment. Pendle is a protocol focused on on-chain asset management, specifically around real-world assets (RWA). The RWA sector is rapidly evolving, with increasing recognition and regulatory support driving innovation and investment. Pendle’s PPLUS vault strategy represents…

Why custody is the prize, not deposits One of the main attractions of an OCC national trust bank charter is custody. Davis Wright Tremaine describes custody as “the foundation of any digital-asset business”. A national trust bank charter can bring cryptocurrency companies under the federal umbrella and provide them with a certain level of comfort in dealing with various state regulations, as well as give institutional clients the comfort of using recognized oversight. This is key for institutions that prefer to work with regulated counterparties when putting assets on the blockchain. In some cases, a federal charter can also help…

Open Standard has over 200 partnerships in the area of payments, finance, tech, and crypto, including Visa, Google, and Stripe. Source: X That network provides the foundation for this partnership to be greater than just one stablecoin in operation. However, PI did not provide details about the use of $OUSD in their ecosystem. Thus, the extent of the partnership’s impact depends upon whether the planned rewards result in measurable user activity. $OUSD targets Pi user activity The next test of Pi Network will be whether $OUSD rewards can convert a partnership’s interest in an investment into actual use by its…

The CFTC followed on October 5, seeking feedback on rules for leveraged retail crypto trading and a new registration category for crypto markets. That starts a lengthy public comment and rulemaking process, rather than putting rules into effect. Meanwhile, the SEC’s October 1 custody proposal would let state trust companies safeguard client crypto and allow advisers and funds to hold it themselves under certain conditions. Looking into 2027, Breydo said he expects the SEC to focus on completing offering and custody rules and building on its tokenized-stock exemption. He sees the agencies’ March joint interpretive release as an important foundation,…

Market Pulse Currently, there is no trading volume reported for Gemini’s custody services, reflecting a period of adjustment as the platform rolls out these new features. However, the anticipation surrounding this upgrade could lead to increased user engagement and potential growth in market activity. As the crypto ecosystem evolves, Gemini’s proactive enhancements may play a pivotal role in attracting new users and retaining existing customers. Gemini is a cryptocurrency exchange and custodian that allows customers to buy, sell, and store digital assets. By upgrading its custody services, Gemini is responding to the growing demand for secure and efficient crypto asset…

Market Snapshot Currently, Solana’s market activity appears stable, with no significant volume changes reported. The announcement regarding Falcon-512 comes amid a broader crypto landscape that is experiencing mixed signals. As Solana continues to innovate and enhance its security measures, traders are likely to pay close attention to how these developments influence user engagement and overall transaction volumes on the platform. Solana is a high-performance blockchain platform designed for decentralized applications and crypto projects. Its focus on speed and scalability has made it a popular choice among developers. As threats from quantum computing become more pressing, enhancing security protocols like Falcon-512…

More than $220 million in crypto positions were liquidated over the past 24 hours, with long traders suffering most of the losses, according to Coinglass data. Bitcoin’s open interest slid 2.20% over the last 24 hours. A fall in open interest alongside a price increase typically suggests short sellers are buying back contracts to close losing positions. Investor sentiment leaned toward “Greed,” according to the Crypto Fear & Greed Index. The global cryptocurrency market capitalization stood at $2.96 trillion, up 0.30% over the last 24 hours. Stocks Extend Losses The stock market continued its downward trend on Tuesday. The Dow…

Firelight describes the integration as its first with a major crypto platform in its announcement supplied to The Defiant. Its public launch post identifies the product as the former Boosted $USDC vault, curated by Sentora and allocating to DeFi venues such as Tydro. What Qualifies for a Payout Firelight lists six eligible failure categories: smart contract exploits, oracle failures, governance exploits, and bad debt, depegs or redemption failures caused by malfunctioning protocol mechanisms. Cover applies only to recorded markets and positions during the applicable coverage period. The distinction between a broken mechanism and an adverse market matters. Firelight’s cover-scope documentation…

U.S. security agencies are accusing six Chinese artificial intelligence companies, including DeepSeek, Alibaba and Moonshot AI, of using American frontier models at industrial scale to help train their own systems. The NSA, FBI and CISA said Tuesday that these companies extracted billions of tokens across millions of requests from models including Claude, GPT, Gemini and Grok since at least late 2024, often using proxy services and multiple accounts to avoid detection. The agencies called the practice malicious knowledge distillation and said it likely occurred with the Chinese government’s awareness. Distillation is a common way to train AI, where developers ask…