Author: NBTC

On Monday, thousands of investors joined a social audio space on X to discuss the worst day since David Bailey took Nakamoto (NAKA) public. Its title, NAKA -60%: Is the Bitcoin Treasury Trend Over?, highlighted the stock’s 60% weekend price drop to an all-time low of $1.16. From its all-time high of $34.77 on May 22, its crash to $1.16 this morning marked a 96% decline. Bailey once cheered as his bitcoin (BTC) treasury company traded up to 23 times the value of its BTC holdings. Today, his company’s multiple-to-Net Asset Value or mNAV multiplier has declined 96% — mirroring…

Kraken, the cryptocurrency exchange preparing for a potential public listing in the U.S. early next year, has seen the departure of four senior executives from the institutional side of the business, according to a person familiar with the matter. Those who have recently left Kraken are: David Olsson, global head of institutional sales; Shannon Kurtas, head of exchanges and a VP of product and the Pro service; Jeff K, a director of OTC trading and Sanjay K, OTC trading lead for Americas, the person said, who declined to be identified. Kraken declined to comment on the departures, none of whom…

While Bitcoin raced from record to record in 2025, Ethereum (ETH) lagged behind. However, it broke its 2021 ATH a few weeks ago, breaking $4,900 to reach a new record. However, the correction in the general cryptocurrency market also affected Etheruem, and it fell to $4,200 levels. The drop in Ethereum’s price has been accompanied by a sharp drop in ETH trading volume. While we’re wondering what impact this will have on the market and price, cryptocurrency services provider Matrixport has released an updated analysis. Matrixport said that Ethereum’s falling ETH volume will increase pressure on long positions and may…

Stocks rose on Monday amid President Donald Trump’s remarks on U.S. trade talks with China, with markets’ attention also firmly on this week’s highly anticipated Federal Reserve meeting. Summary Dow Jones rose nearly 100 points as investors eyed Federal Reserve’s meeting this week. President Donald Trump’s comments on U.S.-China trade negotiations also helped investor sentiment. Tesla stock jumped as Elon Musk bought $1 billion of the company’s stock. The Dow Jones Industrial Average added nearly 100 points, while the benchmark S&P 500 climbed 0.4%, and the Nasdaq Composite edged up 0.6%. Stocks looked to extend last week’s bounce to record…

Kraken, a global cryptocurrency exchange, has partnered with an affiliate of Circle Internet Group, Inc. to expand access to USDC and EURC on its platform. The partnership aims to support the development of onchain financial applications. Kraken has been a provider of stablecoin liquidity since 2017. The collaboration with Circle is intended to increase liquidity, lower conversion fees, and provide access to Circle’s euro-denominated stablecoin, EURC. Growing Demand and Regulatory Clarity The company said demand for stablecoins on its platform has grown steadily. Regulatory clarity in several jurisdictions and rising confidence in the market have contributed to this trend. Digital…

A coalition of Web3 companies has introduced a new Ethereum token standard designed to streamline compliance and reduce fragmentation in the growing real-world asset (RWA) sector. According to an announcement sent to Cointelegraph, the standard, ERC-7943, creates a minimal, modular interface designed to work across Ethereum layer-2s and Ethereum Virtual Machine (EVM) chains, while remaining agnostic to implementation and vendor-specific infrastructure. This means it can work in any setup and isn’t locked into any specific company’s tools. Dario Lo Buglio, the co-founder of Brickken and the author of the Ethereum Improvement Proposal (EIP)-7943, told Cointelegraph that the new standard acts…

Gemini stock price rose after the closely-watched initial public offering. The company faces major headwinds, including its substantial losses. Most of the companies that surged after the IPO plunged afterwards. Gemini stock price had a highly volatile first day as a publicly traded company. It initially popped to $45 after the much-anticipated Initial Public Offering (IPO) and then ended the day at $32. Here’s why this crash could be the start of a prolonged bear market. Gemini Space Station faces major headwinds Gemini, the crypto exchange launched by the Winklevoss Twins, launched its IPO on Friday, raising $425 million. It…

Global online CFD broker Axi has launched fiat-settled crypto perpetual contracts. The product allows traders to gain exposure to crypto derivatives without converting funds into stablecoins. The contracts are settled directly in fiat currencies. According to the company, this removes the need for stablecoin conversions, reduces counterparty risks, and provides greater clarity on balances and performance. Stuart Cooke, Head of New Business at Axi, Source: LinkedIn The launch comes as regulators and industry participants continue to highlight risks around transparency and investor protection in crypto markets. Stuart Cooke, Head of New Business at Axi, said the move responds to concerns…

Neurolov, a popular decentralized AI platform, has collaborated with mobiNODE, a NOWchain-powered protocol using Proof-of-Mobile consensus mechanism. The partnership is aimed at fortifying the decentralized physical infrastructure network (DePIN) by leveraging AI compute facilities. As mentioned in the official announcement shared by Neurolov on X, the development is set to broaden the adoption of $NLOV, its native token, within the NOWchain ecosystem. Additionally, the collaboration also merges community-led compute and the growth engine of mobiNODE. Neurolov and mobiNODE Alliance Accelerates DePIN Infrastructure with at AI and Web3’s Intersection As included in the partnership, the users can expect a robust DePIN…

The financial world is buzzing with anticipation, and a recent development from the U.S. Securities and Exchange Commission (SEC) has added another layer of intrigue to the ongoing saga of cryptocurrency investment products. Specifically, the SEC has pushed back its decision on a crucial aspect of Franklin Templeton’s proposed spot Ethereum Exchange-Traded Fund (ETF): the ETH ETF staking component. This delay, extending the deadline to November 13, has significant implications for how investors might access and earn yield from Ethereum in the future. Understanding the ETH ETF Staking Delay The U.S. Securities and Exchange Commission (SEC) plays a vital role…