Author: NBTC
Strategy is preparing to sell up to $4.2 billion worth of STRC shares, according to a document filed with the U.S. Securities and Exchange Commission (SEC). The company announced that it plans to purchase Bitcoin with the proceeds from this sale. According to a prospectus filed with the SEC, Strategy will offer STRC shares, called “Variable Rate Series A Perpetual Stretch Preferred Stock,” through five brokerage firms, including TD Securities, Barclays Capital, The Benchmark Company, Clear Street, and Morgan Stanley. STRC shares trade on the Nasdaq Global Select Market under the symbol “STRC.” The shares closed at $94.50 on July…
Europe’s Markets in Crypto Assets (MiCA) rules, along with national regulations, are threatening the survival of the majority of Polish cryptocurrency exchanges, analysts have warned. While global players are already adapting to the changes, which require serious investments in legal and technological capacity, small domestic platforms in Poland find compliance costs prohibitive. MiCA may push Polish exchanges out of business Poland’s cryptocurrency market, one of the largest in Central and Eastern Europe, is preparing for an unprecedented transformation that has the potential to seriously affect local businesses, the Bitcoin.pl portal noted in an article this week. As many as 90%…
JP Morgan Chase CEO Jamie Dimon reaffirmed his belief in stablecoins on Thursday, but said that he still wasn’t a fan of Bitcoin. Speaking with CNBC, billionaire banking boss Dimon said that stablecoins could be used in ways that fiat currency can’t. “There are things that stablecoins maybe can do that your traditional cash can’t,” Dimon said, although he emphasized that the bank was looking to address client demand more than the bank’s preferences. “It’s what the customer wants,” he said. “It’s not what JP Morgan personally wants.” Dimon’s comments underscored his reservations about digital assets. Still, he expressed his…
The co-founders of the defunct crypto mining service HashFlare asked a US judge to spare them additional prison time after admitting to wire fraud, but prosecutors say they deserve a decade in prison for orchestrating a $577 million Ponzi scheme. In a sentencing memo submitted on Wednesday to Seattle federal court Judge Robert Lasnik, prosecutors argued Sergei Potapenko and Ivan Turõgin each deserve 10 years in prison for the “horrible crime” that caused around $300 million in victim losses. Prosecutors argued that the decade-long sentence would be just as HashFlare is the largest fraud the court had ever tried, but…
Public Keys is a weekly roundup from Decrypt that tracks the key publicly traded crypto companies. Coinbase Convertible Raise Crypto exchange Coinbase is raising a little spending money—just $2 billion—in convertible notes. Sure, we hear this kind of thing a lot when it’s Bitcoin and Ethereum treasuries. But the San Francisco-based company said this raise will be used for “general corporate purposes” and “acquisitions of other companies, products, or technologies.” The announcement landed right after some analysts (not all), decided they didn’t like the look of that 25% revenue drop in Q2. Compass Point moved COIN from the Neutral to…
The second-largest US-based crypto exchange by trading volume is reportedly an initial public offering (IPO) candidate for next year. Citing people familiar with the matter, The Information reports that Kraken is eyeing to raise $500 million at a $15 billion valuation. The price tag represents a significant increase from when the 14-year-old Coinbase challenger was valued at just $11 billion in 2022. The report says the valuation may impact the company’s plans to go public. “What it doesn’t really have is the kind of roster of institutional investors it would likely need to pull off a public listing. This latest…
The largest crypto exchange, Binance, has released its latest proof-of-reserves report, detailing increased holdings in Bitcoin and XRP. The latest report captures the exchange’s holdings as of August 1, 2025. Notably, Binance has been sharing details of the crypto assets under its custody monthly since November 2022 on the back of the FTX implosion. Binance’s Bitcoin Portfolio According to the report, Binance holds 591,163 BTC worth about $67 billion in customer deposits, while maintaining a BTC reserve of 608,639 tokens worth approximately $70 billion. This reflects a collateralization ratio of 102.96%. USDT and Ethereum on Binance After Bitcoin, USDT is…
Decentralized lending protocol Aave continues to dominate in DeFi with its total net deposits climbing 55% in July and reaching past $60 billion in early August, breaking new all-time highs, per data from Token Terminal. Net deposits on a lending protocol represent the total assets deposited to the protocol, minus outstanding loans. Total value locked (TVL) on Aave also surged more than 40% in July, a rise largely fueled by growing support for liquid staking tokens (LSTs) such as cbETH, wstETH, and wETH on Coinbase’s Base network, according to data from DefiLlama. Aave TVL by chain. Source: DefiLlama The vast…
Strategy’s shares fell 1.4% in after-hours trading despite posting a company-record $10 billion in profit in the second quarter, as CEO Phong Le called the Bitcoin-holding company the “most misunderstood and undervalued stock” in the market. Strategy’s operating income rose 7,100% year-on-year (YOY) to $14 billion, the company Michael Saylor co-founded said in its earnings statement on Thursday. It marked the second reporting period in which the firm applied fair value accounting, which includes unrealized gains from Bitcoin (BTC).Strategy also announced plans to raise another $4.2 billion worth of shares through one of its preferred stock offerings to buy more…
Matt Levine, one of the most prominent Bloomberg columnists, recently wrote a new op-ed, in which he argues that outright banning crypto is no longer feasible for the U.S. Securities and Exchange Commission (SEC). “That ship has sailed” Levine claims that crypto has now become way too influential to outlaw it in the U.S. despite the fact that there is “lots of dumb stuff” happening within the sector. At the same time, ignoring the budding industry is also not a feasible option for the SEC. Former SEC Chair Gary Gensler was known for his hostile stance toward crypto, viewing the…