Author: NBTC

SharpLink Gaming (SBET), backed by Ethereum co-founder Joseph Lubin, announced in a new document filed with the US Securities and Exchange Commission (SEC) that it will raise $5 billion in new capital to increase its Ethereum acquisitions. SharpLink Gaming, traded on the Nasdaq Capital Market under the symbol “SBET,” has updated its existing offering agreement to increase its public offering from $1 billion to $6 billion. The newly filed prospectus supplement allows the company to sell an additional $5 billion of shares through AGP/Alliance Global Partners. The company reported selling approximately $720 million worth of shares under the previous agreement…

This is a segment from the Empire newsletter. To read full editions, subscribe. Crypto Week, in the end, was a roaring success. President Donald Trump signed the GENIUS bill at the end of last week, which not only means that he signed the first stablecoin-focused legislation into law, but it’s also quite a significant crypto milestone. But it’s not the end. There are still two other pieces of legislation making their way through the DC process currently: the CLARITY Act and the anti-CBDC bill. Paradigm’s Alexander Grieve explained on the Empire podcast this morning that he thinks GENIUS was “a…

EDX, which operates an institutional focused crypto exchange in the U.S. backed by the likes of Citadel, Fidelity and Virtu, has launched a global trading platform featuring perpetual futures, according to a press release on Tuesday. EDX International, based in Singapore, is offering trading in 44 cryptocurrency pairs, including bitcoin , ether (ETH), Solana’s SOL (SOL), and XRP , with initial liquidity provided by Virtu Financial, LTP, Hidden Road, and others. The exchange is for clients around the globe, excluding those in the U.S., with a particular focus on Asia-Pacific. The demand is coming from family offices and asset managers…

Bitcoin treasury giant Strategy has always been coy about naming its BTC custodians. But people outside the firm do know who they are. For starters, Strategy has repeatedly cited its “various custody arrangements”—there is no one exclusive custodian that’s holding onto its nearly $72 billion worth of BTC on the company’s behalf. A spokesperson for Coinbase confirmed it is one of Strategy’s custodians when asked by Decrypt—but stressed that MSTR has previously named Coinbase as one of its custodians. Strategy did not immediately respond to a request for comment from Decrypt on its decision to withhold the names of its…

Billionaire venture capitalist Peter Thiel has acquired a 9.1% stake in BitMine Immersion Technologies, a crypto infrastructure firm led by Tom Lee, founder and CIO of Fundstrat, according to a new SEC filing. Thiel, who reported shared voting and dispositive power over 5,094,000 shares, joins a growing list of institutional backers eyeing crypto-native companies not just for their mining capabilities, but for their increasing role as large-scale holders of digital assets. BitMine has positioned itself as a leading Ethereum treasury firm. On July 14, the company disclosed that its ETH holdings had exceeded 163,000 ETH, valued at approximately $500 million…

The price of XRP rose to a record high on Thursday, soaring past a seven-year-old milestone amid broader momentum for altcoins in the cryptocurrency market. The Ripple Labs-linked coin was recently changing hands around $3.41, rising more than 36% over the past week, according to crypto data provider CoinGecko. The previous record was $3.40, set all the way back in January 2018. Ethereum and Solana had also outperformed Bitcoin’s weekly 5.5% rise, meanwhile jumping 21% and 8%, respectively. The recent surge in XRP’s price has been enough for it to supplant Tether’s USDT as the third-largest digital asset by market…

Citadel Securities is pressing U.S. regulators to slow down on new rules that would enable widespread trading of tokenized securities, citing concerns about market disruption and investor confusion. In a letter to the U.S. Securities and Exchange Commission’s Crypto Task Force, the market-making firm argued that allowing these blockchain-based products to advance without a clear regulatory framework could create unfair advantages for cryptocurrency platforms and drain liquidity from traditional equity markets, reported Bloomberg. Tokenizing securities brings traditional assets onto the blockchain, and this year tokenized stocks have been taking off, with offerings from Backed Finance, Gemini, and Robinhood, among others.…

In a detailed statement on X, Sumit Gupta, CEO of CoinDCX, addressed how the exchange remains financially strong despite a recent, major security breach. Gupta shared internal data showing that the DCX Group (CoinDCX in India, BitOasis in UAE and Bahrain, and Okto Web3, which is a Web3 wallet developed by CoinDCX) had an annual revenue of ₹1,179 Cr (~$136 million), annual transaction volume of ₹13.7 Lakh Cr (~$158 billion), and assets under custody over ₹10,000 Cr (~$1.15 billion). The group is backed by heavy-hitters like Bain Capital, Polychain, Jump Capital, Pantera, and others, having raised ₹2,144 Cr (~$248 million) in funding. Gupta also mentioned and…

Many residents of a Texas town southwest of Dallas, facing health problems allegedly associated with constant noise, don’t seem to have anything good to say about a crypto mining facility run by MARA Holdings. In a video released Thursday by the nonprofit advocacy organization More Perfect Union, reporter Dan Lieberman spoke to residents of Granbury, Texas, some of whom lived less than a mile from MARA’s 300-megawatt Bitcoin (BTC) mining facility. Many long-term residents and retirees described life as “hell” under the near-constant noise of the mining operation, which lies in an unincorporated area of Hood County. “It never goes…

Bitcoin (BTC) price is in the six-figure territory, with institutional capital flooding the market. With this, analysts now contend with the question: Could Satoshi Nakamoto, the elusive creator of Bitcoin, become the wealthiest individual on the planet before the year ends? With roughly 1.1 million BTC attributed to Satoshi, his holdings are now worth over $130 billion at current market prices. $320,000 BTC or Bust: What Would It Take for Satoshi to Eclipse Elon Musk in 2025? With the right conditions, Satoshi could become the richest person on Earth before the year ends. It would mean eclipsing Elon Musk’s estimated…