Author: NBTC
Florida’s Attorney General has opened an inquiry into Robinhood’s crypto business, alleging the company misled customers about the costs of trading digital assets. The fintech firm is accused of portraying its trading app as the most inexpensive way of purchasing cryptocurrencies, a claim the state’s office says is false. According to a news release, the Attorney General’s office sent a subpoena seeking internal records related to Robinhood’s crypto offerings and how it sets fees and commissions. In the release, Florida Chief Financial Prosecutor Brad Uthmeier said, “Crypto is a vital component of Florida’s financial future, and President Donald Trump’s efforts…
The share price of Bitcoin miner BIT Mining soared 143% on Thursday after the company announced plans to raise $200-$300 million to create a Solana Treasury and convert its existing holdings into SOL. Akron, Ohio-based BIT Mining was recently trading for over $5 a share, according to Yahoo Finance. The company’s share price has lingered below $3 for much of this year. “We are excited to take this bold step into what we believe is one of the most dynamic and promising ecosystems in the blockchain space,” BIT Mining CEO Xianfeng Yang said. The announcement comes as miners have faced…
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Ethereum price started a fresh increase above the $2,520 zone. ETH is now correcting some gains and might aim for a fresh move above $2,580. Ethereum started a fresh increase above the $2,520 level. The price is trading below $2,550 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $2,530 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it remains supported above the $2,520 zone in the near term. Ethereum Price Revisits Support Ethereum price started a fresh increase above the $2,550…
DDC Enterprise, the company behind Asia-based brands DayDayCook, Nona Lim and Yai’s Thai, which trades on the New York Stock Exchange (NYSE) under the ticker symbol “DDC,” has raised up to $528 million in capital commitments with the goal of growing institutional Bitcoin (BTC) reserves. The funding comes via a $26 million private equity investment (PIPE) with “leading” digital asset investors, a $25 million convertible note issuance, a $2 million private placement and a $200 million equity credit line with Anson Funds, the company said Tuesday. DDC also retains the option to raise up to $275 million in additional capital…
Pump.fun’s official token, PUMP, is trading at a mark price of $0.0056 on derivatives platform Hyperliquid, a value 40% above its upcoming ICO price, as futures begin pricing in demand ahead of the July 12 token sale. The token’s PUMP-USD perpetual pair went live on July 9 following community requests, offering up to 3x leverage. In its first 24 hours, the pair generated $30 million in trading volume, suggesting strong speculative interest despite the token not yet being live on-chain. Open interest stood at over $17 million as of Asian morning hours Thuesday, but activity is expected to accelerate after…
MoonPay and Rumble formally announced a multi-year strategic partnership to build an in-wallet crypto solution into the much-anticipated Rumble Wallet. This is a landmark deal that will transform the creator economy. Announced through coordinated social media posts on July 10, 2025, this partnership should give millions of content creators the power to purchase, sell and trade cryptocurrencies right on the Rumble platform. 🚨 BREAKING NEWS 🚨we’ve partnered with @rumblevideo to power the new era of creator monetization 🧨MoonPay will be integrated exclusively into the new Rumble Wallet!💸 buy, sell & swap crypto right inside the wallet 💸creators, it’s time to…
Shareholders push back against high pay for public Bitcoin miner execs after record equity grants
Shareholders trimmed support for executive pay packages at leading US Bitcoin (BTC) miners to an average of 64% in this year’s proxy season, far below the over 90% approval norm across the S&P 500, according to a July 10 VanEck research note. VanEck reviewed filings from eight listed miners and found average named-executive-officer (NEO) compensation climbed from $6.6 million in 2023 to $14.4 million in draft 2024 proxies. Equity and other long-term instruments accounted for 79% of total pay in 2023 and 89% in 2024, well above the Russell 3000’s 63% and the energy sector’s 63% weighting. Base salaries remained…
This is a segment from the Supply Shock newsletter. To read full editions, subscribe. “Sigh…why delete a wallet instead of moving it aside and keeping the old copy just in case?” That’s Satoshi in October 2010 — only two months before they would post their last public message to Bitcointalk. Satoshi had been troubleshooting a report of an unconfirmable transaction somehow making it to the chain, which would’ve been much easier had the person who’d sent it still had their wallet instance active on their machine. “You should never delete a wallet,” Satoshi said, seeming frustrated. And as it so…
Key Insights: ETH inflows to Binance hit the highest level in 14 months, Ethereum price can be impacted. Profit-taking returns as SOPR enters warning zone. Price sits at key decision point near $2,440–$2,520. Ethereum (ETH) is struggling to stay above $2,500. While there hasn’t been a major correction yet, pressure is building. On-chain data shows several signs that selling could return soon. If ETH fails to reclaim higher levels, the downside may come faster than expected. Inflows Are High, Sadly Ethereum exchange reserves on Binance just jumped to 4.9 million ETH. That’s the most since May 2023. This rise means…