Author: NBTC

As of the close of trading yesterday, David Bailey’s bitcoin treasury company Nakamoto (NAKA) had lost 90% of its share price and its multiple-to-Net Asset Value (mNAV). Increasingly desperate to restore investor confidence, he swore that he was “as all in on bitcoin as you can possible [sic] be.” Bailey’s firm was supposed to somehow create a successful bitcoin treasury company of bitcoin treasury companies after Nakamoto opened for trading at $28.51 on his NASDAQ debut. Riding the coattails of early success by Michael Saylor’s MicroStrategy (MSTR) and Tether’s Twenty One (CEP), Bailey and Nakamoto hoped to take advantage of…

Ankara prepares an unprecedented crackdown on digital finance: a proposal in the works, also reported by Bloomberg, would expand the powers of MASAK, the anti-money laundering unit, providing for the immediate freezing of bank accounts and crypto wallets on exchanges. The text, not yet made public, is expected to reach Parliament in the coming weeks, with measures aimed at combating money laundering and illicit financing. According to sources close to the dossier, the package aims to align Turkey with international standards of the FATF, accelerating precautionary blocks and strengthening controls on identity and transactions. To date, there are no official…

Ethereum price started a fresh decline below $4,050. ETH is now struggling and might decline further if it breaks the $3,850 support zone. Ethereum failed to extend gains and declined below the $4,000 zone. The price is trading below $4,050 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $4,050 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it settles below $3,880 and $3,850. Ethereum Price Dips Further Ethereum price remained in a bearish zone after it settled below $4,250, like Bitcoin.…

Kyle Samani, managing partner of cryptocurrency fund Multicoin Capital, is expected to take over as president of a planned new digital asset treasury firm under the name Solana, three sources familiar with the matter confirmed. According to Bloomberg, Multicoin plans to form a Solana Digital Asset Treasury (DAT) with approximately $1 billion, along with Galaxy Digital and Jump Crypto. This structure is expected to be implemented through the acquisition of a public company, which has yet to materialize. Samani’s transition to the chairmanship of this new structure could answer the frequently asked question in the crypto community, “Who will be…

The Securities and Exchange Commission and the Commodity Futures Trading Commission host a joint roundtable on regulatory harmonization for digital assets today from 1 to 5:30 P.M. ET, streamed on SEC.gov. Opening remarks will come from SEC Chair Paul S. Atkins and CFTC Acting Chair Caroline D. Pham, with closing remarks from SEC Commissioner Hester M. Peirce, and the agenda brings executives from Intercontinental Exchange, CME Group, and Nasdaq together with Kraken, Polymarket, and Kalshi. In a joint statement earlier this month, Atkins and Pham framed the effort as a move to give markets clarity, saying, “It is a new…

TL;DR Despite bleeding out lately, Ethereum continues to show bullish signals. Some analysts see recovery hinging on ETH reclaiming $4,200, while others lean bearish, eyeing a slide to $3,500 unless support holds. Are the Bulls Coming Back? Ethereum, which was at the forefront of gains this summer, briefly plunged below $4,000 earlier today (September 25) amid an ongoing red wave passing through the entire crypto market. It later surpassed the psychological level but remains 12% down on a weekly scale. Despite the negative performance, three crucial factors signal that a resurgence could be on the way. The first one is…

Nasdaq will require shareholder votes before stock issuances used to buy crypto. Strategy shares fell on the news but have clawed back 3% in pre-market trading. The added checkpoint lands directly on a fast-growing playbook in which public companies sell equity or convertibles, then purchase tokens for their balance sheets. The review complements existing listing standards. Nasdaq’s Rule 5635 already requires shareholder approval in several situations, including private placements that reach the so-called 20 percent threshold and certain change-of-control or acquisition structures, as codified in the exchange’s rule text filed with the SEC and related guidance. Nasdaq’s enforcement arm also…

WazirX, the Indian cryptocurrency exchange that suffered a major hack in July 2024, has filed a legal submission in line with the Singaporean High Court’s instructions. In its latest post, the exchange confirmed that it filed the submission on Friday, September 26, meeting the deadline set in the ongoing matter. This filing came as part of a broader schedule, where opposing creditors were ordered to submit corrected affidavits by September 19, Zettai Pte Ltd was directed to respond by September 22, and all parties were required to lodge their final written submissions by September 26. 📢 Update on Singapore proceedingsAs…

Ethereum’s dip below $4,000 triggers over $400 million in futures liquidations, the second time in five days. REX Shares has launched the first Ethereum staking ETF in the United States. ETH eyes a bounce off the 100-day SMA after losing the $4,000 critical support level. Ethereum (ETH) is declining below $4,000 on Thursday, accelerating liquidations among holders of long positions on ETH futures. Long liquidations surged above $400 million for the second time in four days as prevailing bearish sentiment in the crypto market continues to weigh on Ethereum. The decline comes after FXStreet noticed ETH funding rates flashed negative…

When markets feel the heat, the contrasts between them become clear right away. Popular crypto analyst Will Clemente perfectly highlighted this gap amid the latest shake out. The fact is that gold has central banks that rush to add to reserves, and stocks are cushioned by pension and sovereign funds that love to compound, but crypto has none of that. The only names associated with it on public markets are the ones that crash at the same time as the coins themselves. Bitcoin dipped to around $110,700 today on a U.S. jobs data mess, but the companies most exposed to…