Author: NBTC

TeraWulf (WULF) is planning to raise up to $575 million through a private sale of convertible senior notes, as it continues shifting focus from bitcoin mining to powering artificial intelligence infrastructure. The company Wednesday announced it plans to sell $500 million in convertible senior notes due 2032, with an option for buyers to tack on an additional $75 million. The offering is limited to qualified institutional investors. Shares are lower by 5% in premarket trading, following yesterday’s 17% surge. The proceeds will help fund construction of a data center in Abernathy, Texas. The move is likely part of a recently…

Western Union is accelerating its push into digital assets as it seeks to modernize its global remittance operations. During the company’s Q3 earnings call, CEO Devin McGranahan announced that Western Union has begun piloting stablecoin-based settlement systems. The initiative aims to streamline international money transfers and improve liquidity management. Western Union Tests Stablecoin Settlements After US Rule Change According to him, Western Union previously maintained a cautious stance toward cryptocurrencies, citing volatility, unclear regulations, and customer protection risks. However, that approach is shifting due to the improved regulatory environment in the United States. McGranahan said the recent passage of the…

Ethereum price defends the $3,900 local support within an ascending triangle pattern, with a potential breakout target near the $4,800–$4,900 zone if resistance around $4,300 is breached. Summary Ethereum spot ETFs saw about $246 million in net inflows on October 28, reflecting renewed institutional interest ahead of the FOMC meeting. BitMine Immersion Technologies expanded its holdings to 3.31 million ETH, worth over $13.3 billion, now owning roughly 2.8% of Ethereum’s circulating supply. Ethereum price holds the $3,900 support as bulls defend the ascending trendline from the October 10 intraday low, marking the lower boundary of an ascending triangle pattern, with…

The Nvidia (NVDA)-led rally in stocks this month has now pushed the returns of the S&P 500 and the Nasdaq above that of bitcoin BTC$113,144.60. With additional gains on Tuesday while bitcoin dipped, the S&P 500’s 17% rise year-to-date is ahead of BTC’s 16% advance. The Nasdaq has widened its lead over bitcoin, now higher by 24%. Gold continues to be the top-performing major asset class with a 50% rise. No rally in U.S. stocks can be talked about with mentioning the Mag 7 names, and specifically within that group Nvidia (NVDA). Shares are up 17% over the past five…

Kraken’s record-breaking third quarter paints a vivid picture of a maturing crypto market and a grown-up company setting its sights on a long-awaited public debut. With $648 million in revenue and $178.6 million in adjusted EBITDA, Kraken posted its highest-ever profits in Q3, up 114% year-on-year. Unlike some of its counterparts that have struggled throughout this bearish bull cycle, Kraken has shown that it’s not just surviving but thriving through it.​ Breaking records and setting standards In Q3 2025, Kraken’s revenues surged 50% quarter-over-quarter and 114% year-over-year. That’s a result that reflects its diversified product strength and operational discipline. Adjusted…

Kraken’s record-breaking third quarter paints a vivid picture of a maturing crypto market and a grown-up company setting its sights on a long-awaited public debut. With $648 million in revenue and $178.6 million in adjusted EBITDA, Kraken posted its highest-ever profits in Q3, up 114% year-on-year. Unlike some of its counterparts that have struggled throughout this bearish bull cycle, Kraken has shown that it’s not just surviving but thriving through it.​ Breaking records and setting standards In Q3 2025, Kraken’s revenues surged 50% quarter-over-quarter and 114% year-over-year. That’s a result that reflects its diversified product strength and operational discipline. Adjusted…

US-traded spot Ethereum exchange-traded funds (ETFs) recorded persistent outflows during late September and mid-October, periods that coincided with relative weakness in the ETH/BTC ratio. Yet, non-US inflows and continued staking growth blunted the price impact, suggesting the headwind is episodic rather than structural. The question of whether ETF redemptions drive Ether’s underperformance against Bitcoin requires parsing flow data alongside derivatives positioning, staking supply sinks, and regional divergences. ETF creations and redemptions reflect authorized-participant activity rather than direct buying or selling, and their relationship to price is conditional on broader market structure, such as funding rates, basis spreads, and competing yield…

Western Union (WU) shares rose 6.5% on Tuesday after the company announced plans to introduce the U.S. Dollar Payment Token (USDPT) on Solana, issued by Anchorage Digital Bank, along with a crypto off-ramp network called the Digital Asset Network. The move underscores that stablecoins are an opportunity, not a threat, for remittance firms that embrace innovation, according to investment bank William Blair. The bank’s analysts expect more details at Western Union’s Nov. 6 investor day but said stablecoin remittances could speed settlement, cut pre-funding needs and boost capital efficiency, especially in inflation-prone markets. The Digital Asset Network, offering cash-out access…

The new decentralized exchange (DEX) is built on top of the Sui blockchain which recently topped $2.6 billion in total value locked (TVL). A New Contender Emerges in the $1 Trillion Perpetual DEX Race Perpetual DEXs topped $1 trillion in trading volume last month, spurred by the emergence of new players such as YZi Labs’ Aster which debuted on the BNB Chain platform earlier in the year. And now on Wednesday, another competitor was unveiled when Astros, a new perp DEX developed on Sui, quietly launched after several months in beta. Perpetual futures or “perps” are futures contracts or leveraged…

Long-term Ether holders have become increasingly active in the second half of the year as Ether toyed with its all-time highs, with more “ICO-era” holders “awakening” after years of dormancy. September saw two of the most significant spikes in long-term holder activity since the year’s peak in July, as measured by Santiment’s analytics platform Sanbase’s age consumed metric. The metric measures the total amount of Ether (ETH) changing addresses, multiplied by the time since they last moved. A spike indicates a significant amount of old Ether moving, according to the description. The metric shows a spike to 502 million, around…