Author: NBTC

Morgan Stanley initiated coverage of three publicly traded bitcoin BTC$70,151.59 mining companies on Monday, backing two names tied to data center leasing while taking a more cautious stance on a miner focused on bitcoin exposure. Analyst Stephen Byrd and his team started coverage of Cipher Mining (CIFR) and TeraWulf (WULF) with Overweight ratings and set price targets of $38 and $37, respectively. Shares of CIFR are higher by 12.4% Monday to $16.51, while WULF is ahead 12.8% to $16.12. He also initiated coverage of Marathon Digital (MARA) with an Underweight rating and an $8 target. Shares of MARA are marginally…

Key Takeaways Upexi, a digital asset treasury firm centered on Solana, is increasing its $SOL holdings by 12% through a $36 million deal with Hivemind Capital Partners. The transaction involves a convertible note for locked $SOL tokens, slated for completion by January 14. Solana-focused treasury firm Upexi has entered into a securities purchase agreement with Hivemind Capital Partners to issue a $36 million convertible note backed by locked Solana tokens. Upon closing, the transaction is expected to increase Upexi’s Solana treasury to more than 2.4 million $SOL, which would make the company the second-largest corporate holder of $SOL, trailing only…

$XRP momentum is accelerating as Bitrue deepens integration, rolls out new $RLUSD trading pairs, and doubles down on positioning traders for a potential market recovery, reinforcing $XRP’s role as a core growth asset in crypto markets. Bitrue Expands $XRP and $RLUSD Strategy as Adoption Optimism Builds Growing optimism around $XRP adoption gained momentum as crypto platform Bitrue shared on social media platform X on Feb. 6 a bullish update highlighting deeper $XRP integration, expanded $RLUSD trading pairs, and renewed focus on positioning traders for a potential market recovery. Bitrue wrote: “Bitrue has always shown extensive support of $XRP since we…

According to Financial Times writer Bryce Elder, the Bitcoin mining sector, which has long been under pressure, may be shifting towards artificial intelligence (AI) infrastructure due to economic difficulties. The shift of publicly traded mining companies, particularly those based in the US, towards data center operations could be a critical turning point for the future of the industry. According to the author, the fundamental problem with Bitcoin mining is structural: a system that ultimately results in zero net. As more capacity is added to the network, competition increases, margins narrow, and the base of costs is based on energy prices.…

GPT360, a Web3 super app and marketing platform for enhancing community engagement, user loyalty, and project visibility for Web3 marketing, has disclosed its strategic partnership with InfiblueNFT, a project that brings fresh dynamics to the non-fungible token ($NFT) space with immersive collectibles and utility-driven tokens. 🤝 𝐆𝐏𝐓𝟑𝟔𝟎 𝐱 InfiblueNFTWe’re excited to announce our partnership with @InfiblueNFT – a project that brings fresh dynamics to the $NFT space with immersive collectibles and utility-driven tokens.Together we’ll:• amplify community growth through shared activations•… pic.twitter.com/PlFzjG5DvP — GPT360 (@GPT360_Official) February 9, 2026 The hidden purpose of this groundbreaking collaboration is to enhance the utility of…

Regulated stablecoins, including $USDC, may create a new layer of financial settlement, announced Circle in its latest report. Stablecoins may bring Internet innovation to money, similar to the upgrades in data, media, and other industries. $USDC serves as the sound money layer of the internet, according to Circle’s latest report on stablecoins. The company, which is one of the fast-growing fintech and crypto apps for 2025, believes stablecoins will reshape businesses and institutions. Circle believes stablecoins will form a hybrid layer between traditional finance and on-chain infrastructure. Some regulated stablecoins may help with siloed or fragmented liquidity. Stablecoins may be…

SEOUL, South Korea – December 2024 – South Korean financial authorities have initiated an unprecedented, nationwide audit of all cryptocurrency exchanges following a significant Bitcoin deposit incident at Bithumb, one of the country’s largest trading platforms. This regulatory action represents a critical turning point for South Korea’s digital asset market, which has experienced rapid growth alongside persistent security concerns. The comprehensive review aims to identify systemic vulnerabilities across the entire exchange ecosystem, potentially reshaping the regulatory landscape for years to come. South Korean Crypto Audit: Understanding the Bithumb Incident According to reports from Newsis, South Korea’s Financial Services Commission (FSC)…

Bitcoin mining operator NFN8 Group Inc. and its subsidiaries have gone down the dreaded path of formally filing for Chapter 11 bankruptcy. The company seeks court protection from creditors after running into financial challenges due to a fire outbreak at its Texas facility. NFN8 made the Chapter 11 filing in the U.S. Bankruptcy Court for the Western District of Texas. This move comes as a shock to many who have witnessed the company’s rapid growth in recent years. Fire, leases, and increased pressure on mining margins NFN8’s bankruptcy filing can be traced to multiple events over the past year. Beginning…

BitMine Immersion chairman Tom Lee pushed back against criticism of its growing paper losses this week, saying the drawdown reflected the design of its ethereum treasury strategy rather than a flaw in execution. In a series of posts on X, Lee said BitMine is built to track the price of ether and outperform it over a full market cycle, likening its structure to an index-style product rather than a tactical trading vehicle. With crypto markets in a downturn, however, the firm said unrealized losses on its $ETH holdings are inevitable. “Crypto is in a downturn, so naturally $ETH is down,”…

Stablecoin issuers and distributors offering customers access to stablecoin yield may essentially be creating their own parallel ecosystem to bank operations, global bank JPMorgan’s chief financial officer said Tuesday. “The creation of a parallel banking system that is sort of — has all the features of banking, including something that looks a lot like a deposit that pays interest, without sort of the associated prudential safeguards that have been developed over hundreds of years of bank regulation, is an obviously dangerous and undesirable thing,” Jeremy Barnum said in response to an analyst question during the bank’s fourth-quarter earnings call. The…