Author: NBTC

There is a quiet but significant problem at the heart of U.S. financial disclosure: the system designed to inform markets about major corporate events is, in many ways, too blunt to be useful. SEC 8-K event extraction has long been constrained by item codes that lump wildly different occurrences into the same bucket — a routine board committee update and a CEO resignation might share a single category. A new research system from Rian Dolphin aims to fix that, and the results suggest large language models can do far more than summarize text — they can build reliable, granular maps…

Binance, the world’s largest cryptocurrency exchange by trading volume, has announced the listing of a new perpetual futures contract tied to the SK Hynix ADR (American Depositary Receipt). The contract, trading under the ticker SKHYUSDT, went live at 3:50 p.m. UTC on July 10, 2025. What the Listing Entails The SKHYUSDT perpetual futures contract allows traders to speculate on the price movements of SK Hynix ADRs without directly owning the underlying stock. Perpetual futures, a popular derivative product in crypto markets, have no expiration date, enabling traders to hold positions indefinitely as long as margin requirements are met. Binance’s move…

An address linked to the Royal Government of Bhutan has deposited 700 Bitcoin, valued at approximately $43.75 million, into the cryptocurrency exchange Binance, according to blockchain tracking firm Onchain Lens. The transaction, recorded about two hours before the report, is the latest move by a sovereign entity to engage with digital asset markets. Details of the Transaction Onchain Lens identified the wallet as belonging to Druk Holding and Investments (DHI), Bhutan’s sovereign wealth fund, which has been known to hold and manage Bitcoin as part of its investment portfolio. The transfer of 700 $BTC to Binance is a significant sum,…

Bitmine plans to slow its Ethereum purchases as its holdings approach 5% of the cryptocurrency’s supply, ending a year of rapid accumulation that made the company the network’s largest corporate token holder. In his July Chairman message, Thomas Lee said Bitmine has amassed 5.7 million $ETH, equal to about 4.8% of supply, but will approach the 5% threshold gradually rather than continue buying at its previous pace. The shift opens a new phase for Bitmine. The company plans to direct more capital toward staking, Ethereum infrastructure, and financial services investments as it seeks to expand the network’s economic use and…

Investor outflows from US-based spot Bitcoin and spot Ethereum ETFs continue unabated. On June 2nd, a net outflow of $519.23 million was recorded from US spot Bitcoin ETFs. This marked the 12th consecutive day of net outflows from Bitcoin ETFs. According to the data, the total capital withdrawn from spot Bitcoin ETFs in the last 12 days has reached approximately $3.98 billion. The largest outflow was seen in the IBIT fund, managed by BlackRock, with $388.68 million. Grayscale Investments GBTC fund followed with an outflow of $83.51 million, and Fidelity Investments FBTC fund with an outflow of $45.14 million. Additionally,…

Former Ripple developer Matt Hamilton has praised $XRP’s early design, it being one of the longest-standing DEXs in crypto history. The XRPL has possibly the world’s oldest decentralized exchange (DEX), operating continuously since the $XRP Ledger’s launch in 2012. The exchange allows users to buy and sell tokens for $XRP or other tokens, with minimal fees charged to the network itself (not paid out to any party). Hamilton’s comment comes amid the latest innovation unveiled at the Solana Summit Germany. One of the interesting projects pitched at Solana Summit Germany was Mato, presented by founder Thomas Gehrmann. It is a…

On July 6, Luxembourg’s financial regulator, the Commission de Surveillance du Secteur Financier, upgraded Ripple’s preliminary Crypto-Asset Service Provider authorization into a full license under the European Union’s Markets in Crypto-Assets framework. The approval means Ripple can passport regulated crypto services across all 30 countries of the European Economic Area, from Lisbon to Helsinki, under a single national authorization. Cassie Craddock, Ripple’s managing director for the UK and Europe, framed the moment plainly: the company enters the post-transitional MiCA era fully compliant and ready to scale. Five days later, on the other side of the Atlantic, the legislation that would…

One of the biggest stock market debuts of the year is now available directly inside Telegram. Wallet in Telegram has introduced tokenized access to SK Hynix’s historic US listing through xStocks, allowing users to gain onchain exposure to the South Korean semiconductor giant without leaving the messaging app. The launch coincides with SK Hynix’s record-breaking Nasdaq debut, which is expected to become the largest US listing ever by a foreign company and one of the biggest IPOs in history. A Record Listing Meets Onchain Finance SK Hynix is offering American Depositary Receipts (ADRs) representing approximately 17.79 million common shares in…

Barstool Sports founder Dave Portnoy has vowed to hold his Bitcoin investment even if it falls to zero after revealing he is down millions on a position bought near $100,000. According to an interview with Fox Business host Stuart Varney, Portnoy admitted that his history with Bitcoin has been defined by buying at the wrong time and selling before major rallies. Speaking about his latest position, he said he purchased Bitcoin at around $100,000 and acknowledged that the investment is now deeply underwater after the asset lost more than half its value from its October peak of $126,080 to about…

Fundstrat co-founder Tom Lee is convinced Ethereum ($ETH) has become the key decentralized component of the “second wave” of AI, as investors redirect capital away from the overheated semiconductor sector. While chipmakers are entering a correction, Ethereum has outperformed the computer memory sector (DRAM) by 55% over the past month, triggering inflows into spot crypto ETFs such as BlackRock’s ETHA, Lee said in a fresh X post. Of course, the analyst is far from a neutral observer, as Lee outlined his AI strategy in an official letter to shareholders of BitMine Immersion Technologies, where he serves as chairman of the…