Author: NBTC

In a significant move that’s catching the attention of crypto enthusiasts, market maker Wintermute has executed a substantial Wintermute AAVE withdrawal from Kraken exchange. The transaction involved 24,124 AAVE tokens valued at approximately $4.1 million, according to blockchain analytics platform The Data Nerd. This strategic move raises important questions about institutional sentiment toward the popular DeFi token. What Does This Wintermute AAVE Withdrawal Really Mean? The recent Wintermute AAVE withdrawal represents more than just a routine transaction. When major market makers move assets off exchanges, it typically indicates a shift toward long-term holding strategies. Wintermute, as one of the largest…

BitMine Immersion (BMNR), the largest Ethereum-focused digital asset treasury (DAT) firm and helmed by Wall Street veteran Thomas Lee, is sitting on steep unrealized losses on its big bet on ether ETH$2,749.31. The firm reported Friday $328 million in net income for its fiscal year ended August 31, while fully diluted earnings per share came in at $13.39. It also declared a nominal dividend of $0.01 per share and announced plans to launch a staking infrastructure product, MAVAN (Made-in America Validator Network), in early 2026. Despite the positive headline earnings, Markus Thielen, founder of 10x Research, warned that the company,…

The gold market has recently recorded a crucial development when it comes to market capitalization. Thus, within just the past 45 days, the gold market has witnessed a spike of up to $4.77T in its market cap, triggering momentum around the leading cryptocurrency, Bitcoin ($BTC). Gold has gained $4.77 trillion in just 45 days, nearly 2x Bitcoin’s entire market cap.Markets are now starting to view gold and Bitcoin as correlated assets in the same macro trade. Once gold top outs, we will see liquidity flow into Bitcoin. Next $BTC pump will melt faces. pic.twitter.com/n0yjQR7QoQ — Ash Crypto (@Ashcryptoreal) October 9,…

Shares in publicly traded crypto exchange Bullish have fallen by more than 5% after the firm reported its Q3 earnings on Wednesday morning. The exchange reported record adjusted revenue and net income of $76.5 million and $18.5 million in Q3, respectively. That compares to $44.6 million in adjusted revenue and a net loss of $67.3 million during the quarter last year. “After posting record subscriptions, services, and other revenue (SS&O) and record profitability in the third quarter, we are continuing to see strong momentum in the fourth quarter,” said Bullish CFO David Bonanno in a statement. “Our recently launched options…

Wall Street bank JPMorgan is sharpening its view on U.S.-listed bitcoin miners as a wave of high-performance computing (HPC) deals reshape business models and add long-term revenue clarity. The bank upgraded Cipher Mining (CIFR) to overweight from neutral and raised its price target on the stock to $18 from $12. The shares were 4.2% higher in early trading, at $14.74. CleanSpark (CLSK) was also raised to overweight from neutral. The stock rose 4.6% in pre-market trading to $10.18. IREN’s price objective was lifted to $39 from $28. The bank maintained its underweight rating on the bitcoin miner. The shares were…

Gnosis, the DAO behind Safe, CoW Swap, Gnosis Chain and Gnosis Pay, has voted to fire its treasury management partner KPK, with 88% voting in favor. Proposal GIP-143 cites “extensive community discussions” about KPK’s “performance, cost, risk exposure, and alignment with DAO objectives.” The GnosisDAO treasury is valued at over $175 million, according to DeFiLlama data. KPK, formerly Karpatkey, began as part of Gnosis before spinning-off into a separate entity last year. In a recent update, made on the same day as GIP-143, KPK detailed its efforts to cut costs from “$6.3 million in 2024 [to] $2.2 million in 2025…

BitMine, a crypto treasury company that accumulates Ether (ETH) and Bitcoin (BTC), said on Friday it plans to launch the “Made in America Validator Network” (MAVAN) to stake its ETH holdings. The company is piloting MAVAN with three staking infrastructure providers, ahead of the launch slated for the first quarter of 2026, according to an announcement from BitMine. Staking tokens to validate proof-of-stake (PoS) blockchains secures networks and generates revenue in the form of staking rewards paid out in the native token of the blockchain network, in this case, ETH. “At scale, we believe our strategy will best serve the…

Fed minutes reveal 50% policymakers expect two additional interest rate cuts before 2025 ends. Markets already price October and December cuts, but official dovish confirmation fuels investor sentiment. Lower rates weaken dollar, historically boosting Bitcoin and Ethereum as traders seek higher returns. Today’s all eyes are on the Fed Chair Jerome Powell who will speak today at 8:30 a.m. EST. Meanwhile crypto traders are watching closely for hints about future rate cuts. As recent Fed minutes show that 50% of the policymakers expect two more cuts by the end of 2025, a sign of a possible policy shift that could…

Coinbase (COIN) is rolling out decentralized exchange (DEX) trading to users in Brazil just days after the country’s central bank imposed sweeping new rules on crypto companies. The move gives Brazilians access to a significantly broader pool of tokens, expanding from a few hundred to potentially millions, without leaving the Coinbase app, the company said in an announcement on Wednesday. Coinbase already offers DEX trading for users in the U.S., as part of its push to become an “everything app,” a term for an application that offers a range of services in one platform. The update allows users to trade…

According to the latest metrics, mining bitcoin has officially climbed into the runner-up spot for proof-of-work (PoW) profits, landing just behind the privacy coin zcash. ZEC Mining Profit Increases Network’s Computational Might The digital currency zcash (ZEC) has been a standout mover in recent times, and today the privacy coin tacked on 18.7% against the U.S. dollar. Even with a 14% dip this week, its current $586 price tag keeps it 125% higher over the last 30 days. That climb has pushed the Zcash network to the top of the PoW heap, with ZEC’s Equihash stepping ahead of Bitcoin’s SHA256,…