Author: NBTC
GameStop shares plummeted on Thursday after the video game retailer announced that it would offer investors $1.75 billion worth of convertible senior notes, a form of corporate debt that Bitcoin-buying firms like Strategy have tapped to accumulate the asset. The Grapevine, Texas-based firm’s stock price had dropped 22% to $22.12, as of noon Eastern Time, according to Yahoo Finance. GameStop shares changed hands around $25.40 in late March, when the company said that it could start leveraging Bitcoin and other cryptocurrencies as treasury reserve assets after updating its investment policy. In a blog post, GameStop said that proceeds from the…
Crypto analyst Atlas has labeled Pi Network as 2025’s biggest rug pull after a 12 million-token dump crashed Pi’s price by 50%. The anonymous sell-off occurred days after Pi surged to $1.60 on speculation, sparking allegations of insider manipulation. Speculation Fueled Pi Network’s Recent Rally An onchain analyst and critic known as Atlas on X has labeled Pi Network as 2025’s biggest rug pull after an anonymous token holder dumped 12 million tokens in a few hours, which crashed the price by 50%. The analyst said the dump occurred just days after Pi rallied to $1.60 “on pure speculation and…
CARV Protocol, an inclusive Web3 infrastructure platform, has started its unique partnership with Cycle Network, an efficient settlement layer for all blockchains. The partnership underscores a notable milestone in transforming the sovereign AI Beings of CARV Protocol and its custom-built CARV SVM Chain to advance the AI-led digital ecosystems and identities. The platform shared the details of this endeavor in a recent X post. As we scale the CARV SVM Chain and the evolution of AI Beings, we’re excited to explore synergies with @CycleNetwork_GO — a universal all-chain settlement layer incubated by @yzilabs.With this partnership, Cycle Network will enable bridgeless,…
The global crypto market printed red indexes over the past 24 hours as Bitcoin (BTC) tumbled below the $104,000 mark. The BTC slide triggered a massive $687 million in trader liquidations, the biggest wipeout seen since February. The cumulative crypto market cap dropped by over 2% to stand at $3.24 trillion. The sell-off got triggered by US President Donald Trump’s reignition of trade war fears by doubling tariffs on Chinese steel and aluminum to 50%. He accused Beijing of breaking a key May agreement. Trump’s aggressive stance sent shockwaves through global markets, raising concerns over economic fallout. Bitcoin bears eye…
Key catalysts include over $1.17B in June spot ETF inflows, $888M stablecoin growth on Ethereum in a week, and shrinking exchange reserves. Large holders accumulated ETH at the fastest pace since 2017, even during price dips. Ethereum (ETH) price is once again showing strength, gaining 6% in the last 24 hours, moving to $2,600. More importantly, today’s ETH rally is accompanied by a 79% increase in daily trading volumes to $27.58 billion. Furthermore, data from Coinglass shows that ETH futures open interest is up 7.56% to $34.4 billion, highlighting a strong bullish sentiment among traders. After a major 45% crash…
A more upbeat macroeconomic backdrop, growing corporate appetite for digital assets, and increased regulatory clarity will fuel a constructive outlook for crypto markets in the second half of 2025, according to a report by Coinbase Research. After a bumpy first quarter marked by a brief contraction in U.S. GDP and trade disruptions, data now point to stronger growth. The Atlanta Fed’s GDPNow tracker has jumped to 3.8% QoQ as of early June, a sharp upgrade from earlier in the year. This shift, alongside expectations of Federal Reserve rate cuts and a less aggressive trade policy, has eased recession fears and…
Over 86M PI tokens withdrawn from OKX spark bullish sentiment amid supply shock and 11.4% price surge in 24 hours. Allegations claim Pi Network Core Team sold 50M PI post-Consensus 2025; community demands transparency. On May 21st, over 86 million PI tokens were withdrawn from the OKX exchange within hours, sparking speculation across the Pi Network community. While many view this as a bullish indicator due to reduced circulating supply, controversy brews as accusations emerge that the Core Team may have sold up to 50 million PI tokens post-Consensus 2025. Currently, PI price is up 11.4% in the last 24…
Stablecoin issuer Tether has signed a Memorandum of Understanding (MoU) with Adecoagro S.A. to explore a strategic collaboration centered on renewable-powered Bitcoin mining, according to a July 3 statement. Adecoagro, one of South America’s leading producers of sustainable agricultural goods and energy, is evaluating how its more than 230 MW of renewable energy capacity can be used to support energy-intensive industries like Bitcoin mining. Mariano Bosch, the Chief Executive Officer of Adecoagro, said: “This project opens the door to stabilizing a portion of the energy we currently sell on the spot market, locking in pricing, while also gaining exposure to…
SFT Protocol, the well-known decentralized protocol that offers liquidity to stake assets, has unveiled its latest partnership with Crust Network, a prominent platform offering solutions concerning decentralized storage. The collaboration focuses on establishing a completely generalized Decentralized Physical Infrastructure Network (DePIN). The platform revealed the details of this joint effort in a recent social media post. 🚀 New Partnership Alert 🚀We’re thrilled to team up with @CrustNetwork — a powerhouse in decentralized storage built on Substrate and powered by IPFS! 📡With over 1,000+ global nodes and 700+PB in capacity, Crust makes it possible to store and serve websites, NFTs, dApps,……
Ethereum has regained strong bullish momentum over the past few days, rising more than 23% since June 22 and reclaiming the critical $2,600 level. After weeks of uncertainty and sideways movement, ETH is showing signs of strength, with bulls now eyeing a push toward the $2,700 resistance zone. A successful reclaim of this level could open the doors for a broader rally, potentially reigniting hopes for the long-awaited altseason. While volatility remains in the broader market, Ethereum’s recovery has been notable, especially as macroeconomic sentiment improves and risk appetite increases across both equities and crypto. The surge in price has…